§ 6-1.1-12.8-0.5 “Affiliated group”
§ 6-1.1-12.8-1 “Residence in inventory”
§ 6-1.1-12.8-2 “Residential builder”
§ 6-1.1-12.8-3 Deduction
§ 6-1.1-12.8-4 Required statement
§ 6-1.1-12.8-4 v2 Required statement
§ 6-1.1-12.8-5 Allocation area; deduction disallowed
§ 6-1.1-12.8-6 Restriction on deductions under multiple statutes
§ 6-1.1-12.8-7 Change in ownership
§ 6-1.1-12.8-8 Voidance of rules; residence in inventory property tax deduction
§ 6-1.1-12.8-9 Limit on number of residences in inventory
§ 6-1.1-12.8-10 Affiliated group limit
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Terms Used In Indiana Code > Title 6 > Article 1.1 > Chapter 12.8 - Deduction for Residence in Inventory

  • affiliated group: has the meaning set forth in Indiana Code 6-1.1-12.8-0.5
  • Property: includes personal and real property. See Indiana Code 1-1-4-5
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • real property: include lands, tenements, and hereditaments. See Indiana Code 1-1-4-5
  • residence in inventory: means real property that:

    Indiana Code 6-1.1-12.8-1

  • residential builder: means a person that builds any of the following for sale in the ordinary course of the person's trade or business:

    Indiana Code 6-1.1-12.8-2

  • Statute: A law passed by a legislature.
  • Verified: when applied to pleadings, means supported by oath or affirmation in writing. See Indiana Code 1-1-4-5
  • Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5