reglab/statecodes huggingface dataset:
Indiana Administrative Code › Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE › Article 16 - AMENDED PERSONAL PROPERTY RETURNS › Rule 5 - Assessor Initial Review › Section 5-1 - Initial review

Current through July 10, 2024
Authority: IC 6-1.1-31-10
Affected: IC 6-1.1-3; IC 6-1.1-15-12
Sec. 1.
A township assessor, if any, or the county assessor must
				  provide an initial review of all amended returns within ten (10) days of the
				  amended return being filed by the taxpayer. The initial review is for the
				  purpose of verifying that the taxpayer has not made any amendments that result
				  in the assessor finding the return defective under 50 IAC 16-4. If the township
				  or county assessor finds the amended return defective, the assessor must
				  immediately notify the taxpayer in writing that the amendment is defective and
				  will not be processed. The taxpayer will then have ten (10) days to refile the
				  amendment. If a refiled amendment is found defective, no additional amendments
				  may be filed. If the taxpayer believes that an amendment has been improperly
				  found defective by the assessor, the taxpayer may petition for a correction of
				  error under IC
				  6-1.1-15-12.
Indiana Administrative Code › Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE › Article 16 - AMENDED PERSONAL PROPERTY RETURNS › Rule 6 - Assessor Reports › Section 6-1 - Assessor reports

Current through July 10, 2024
Authority: IC 6-1.1-31-10
Affected: IC 6-1.1-3
Sec. 1.
(a) If,
				after the initial review required under 50 IAC 16-5, the township or county
				assessor finds that the amended return is not defective, the township or county
				assessor must report the amended return to the county auditor on forms
				prescribed by the department.
(b)
				Within ten (10) days of receipt of a report submitted under subsection (a), the
				county auditor shall reflect the amendments on the auditor's records of
				assessed valuation.
Indiana Administrative Code › Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE › Article 16 - AMENDED PERSONAL PROPERTY RETURNS › Rule 7.1 - Reductions › Section 7.1-1 - Reductions and refunds

Current through July 10, 2024
Authority: IC 6-1.1-31-10
Affected: IC 6-1.1-3-7; IC 6-1.1-3-7.5
Sec. 1.
(a) A
				taxpayer is not entitled to interest on the refund if:
(1) the taxpayer files an amended personal
				property tax return under IC 6-1.1-3-7.5 in order to correct an error made by
				the taxpayer on the taxpayer's original personal property tax return;
				and
(2) the taxpayer is entitled to
				a refund of personal property taxes paid by the taxpayer under the original
				personal property tax return.
Indiana Administrative Code › Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE › Article 16 - AMENDED PERSONAL PROPERTY RETURNS › Rule 8 - Miscellaneous › Section 8-1 - Miscellaneous

Current through July 10, 2024
Authority: IC 6-1.1-31-10
Affected: IC 6-1.1-3
Sec. 1.
Notwithstanding the provisions of this article, an amended
				  return remains subject to the review and adjustment of assessing officials
				  under 50 IAC 4.2-3.1.
Indiana Administrative Code › Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE › Article 18 - INDUSTRIAL FACILITY; REAL PROPERTY ASSESSMENT › Rule 1 - Purpose › Section 1-1 - Purpose

Current through July 10, 2024
Authority: IC 6-1.1-8.7-9
Affected: IC 6-1.1-8.7
Sec. 1.
The purpose of this article is to establish procedures to
				  govern the assessment and review of industrial facilities' real property under
				  IC 6-1.1-8.7.
Indiana Administrative Code › Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE › Article 18 - INDUSTRIAL FACILITY; REAL PROPERTY ASSESSMENT › Rule 2 - Definitions › Section 2-1 - Applicability

Current through July 10, 2024
Authority: IC 6-1.1-8.7-9
Affected: IC 6-1.1-8.7
Sec. 1.
Unless otherwise indicated, the definitions contained in IC
				  6-1.1-8.7 also apply to this article.
Indiana Administrative Code › Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE › Article 18 - INDUSTRIAL FACILITY; REAL PROPERTY ASSESSMENT › Rule 3 - Filing Petitions for Reassessment › Section 3-1 - Filing procedure for petition for reassessment

Current through July 10, 2024
Authority: IC
				  6-1.1-8.7-9
Affected: IC 6-1.1-4; IC
				  6-1.1-8.7-1;
				  IC
				  6-1.1-8.7-2
Sec. 1.
(a)
				Petitions filed with the department pursuant to this rule must be filed by:
(1) personal delivery;
(2) deposit in the United States mail;
				or
(3) registered or certified
				mail, return receipt requested.
Indiana Administrative Code › Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE › Article 18 - INDUSTRIAL FACILITY; REAL PROPERTY ASSESSMENT › Rule 3 - Filing Petitions for Reassessment › Section 3-2 - Time and place of filing petitions for assessment

Current through July 10, 2024
Authority: IC
				  6-1.1-8.7-9
Affected: IC 6-1.1-4; IC
				  6-1.1-8.7-1;
				  IC
				  6-1.1-8.7-2
Sec. 2.
(a) A
				petition for assessment must be filed with the commissioner of the department
				and contain the following information:
(1) The
				name and address of the industrial company to be assessed.
(2) The county and township in which the
				industrial company is located.
(3)
				A detailed explanation of the reason a new assessment is being
				sought.
(4) The names and addresses
				of the real property owners if the petition is being filed under subsection
				(b).
(5) The name and title of the
				person filing on behalf of the industrial company if the petition is being
				filed under subsection (c).
(6) The
				name and contact information of the individual designated as petitioner's
				representative.
(7) A certification
				from the county auditor that the owners of real property filing under
				subsection (b) are in fact owners of real property in the township in which the
				industrial company is located.
Indiana Administrative Code › Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE › Article 18 - INDUSTRIAL FACILITY; REAL PROPERTY ASSESSMENT › Rule 4 - Reassessment of Industrial Company Real Property › Section 4-1 - Review by the department

Current through July 10, 2024
Authority: IC 6-1.1-8.7-9
Affected: IC 6-1.1-8.7-5; IC 6-1.1-30-13
Sec. 1.
(a) The
				department shall review all petitions filed under 50 IAC 18-3-2 to determine
				the completeness and accuracy of the petition. If the department determines
				that the petition is for any reason incomplete or inaccurate, the petitioner
				will be afforded an additional thirty (30) days to amend the petition and
				resubmit it to the department for review.
(b) Upon receipt of a properly filed
				petition, the department shall make an initial determination and choose to:
(1) grant the petitioner's request and assess
				the real property of an industrial facility; or
(2) deny the petitioner's request to assess
				the real property of the industrial facility.
The department will provide a copy of its initial
				  determination to the petitioner's representative, the county assessor, the
				  county auditor, the industrial company, and the township assessor who assessed
				  the industrial facility's property.
Indiana Administrative Code › Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE › Article 18 - INDUSTRIAL FACILITY; REAL PROPERTY ASSESSMENT › Rule 4 - Reassessment of Industrial Company Real Property › Section 4-2 - Assessment by the department

Current through July 10, 2024
Authority: IC 6-1.1-8.7-9
Affected: IC 6-1.1-8.7-5; IC 6-1.1-30-13
Sec. 2.
If the department chooses to assess the real property of an
				  industrial company under section 1(b)(1) of this rule, the department will
				  determine the true tax value of the property under 50 IAC 2.3-1-1(d).
Indiana Administrative Code › Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE › Article 18 - INDUSTRIAL FACILITY; REAL PROPERTY ASSESSMENT › Rule 4 - Reassessment of Industrial Company Real Property › Section 4-3 - Review procedure

Current through July 10, 2024
Authority: IC
				  6-1.1-8.7-9
Affected: IC
				  6-1.1-8.7-5;
				  IC
				  6-1.1-30-13
Sec. 3.
(a) If the
				department chooses to assess the real property of an industrial company under
				section 1(b)(1) of this rule, the department may schedule an on-site inspection
				of the company's industrial facility. The department shall provide notice to
				the owner of the industrial company of the department's intention to enter and
				inspect the property for assessment purposes not less than thirty (30) days
				before making a physical inspection of the property.
(b) The department may request that the
				industrial company, the township assessor (if any), and the county assessor
				make available all information necessary or proper to determine the true tax
				value. If the industrial company, the township assessor (if any), or the county
				assessor fail or refuse to provide the information requested, the department
				may take necessary actions under IC
				6-1.1-30-13.
Indiana Administrative Code › Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE › Article 18 - INDUSTRIAL FACILITY; REAL PROPERTY ASSESSMENT › Rule 5 - Certification of Values; Appeal and Review › Section 5-1 - Preliminary and final certifications of value

Current through July 10, 2024
Authority: IC 6-1.1-8.7-7
Affected: IC 6-1.1-8.7
Sec. 1.
(a) The
				department shall make a preliminary determination of true tax value of the
				industrial facility and submit the preliminary value to the county auditor, the
				county assessor, the petitioner's representative, and the industrial
				facility.
(b) The county assessor,
				the industrial company and the petitioner's representative will have thirty
				(30) days to review the preliminary true tax value issued under subsection (a)
				to determine the validity and may present findings to the department in support
				of or opposition to the department's preliminary determination. The department
				may extend or decrease this time to review for good cause.
(c) The department may make additions or
				corrections to the preliminary assessment based on the findings submitted under
				subsection (b) when making its final certified assessment
				determination.
(d) The department
				will certify a final assessment determination of an industrial company's real
				property to the county auditor, the county assessor, the industrial company,
				and the petitioner's representative within:
(1) six (6) months of a petition for
				reassessment filed under 50 IAC 18-3-2(b); or
(2) three (3) months if a petition is filed
				under 50 IAC 18-3-2(d).
Indiana Administrative Code › Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE › Article 18 - INDUSTRIAL FACILITY; REAL PROPERTY ASSESSMENT › Rule 5 - Certification of Values; Appeal and Review › Section 5-2 - Appeal of assessments

Current through July 10, 2024
Authority: IC 6-1.1-8.7-9
Affected: IC 6-1.1-8.7
Sec. 2.
(a) The
				petitioner that petitioned for reassessment of an industrial company's true tax
				value under this article, the industrial company, or the county assessor of the
				county in which the industrial facility is located may appeal the final
				assessment determination made by the department under this article to the
				department.
(b) The department
				shall hold a hearing on any appeal filed under subsection (a) and issue a final
				order within one (1) year of the date the appeal is filed.
Indiana Administrative Code › Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE › Article 19 - LAKE COUNTY INDUSTRIAL FACILITY; REAL PROPERTY ASSESSMENT › Rule 1 - Applicability › Section 1-1 - Scope

Current through July 10, 2024
Authority: IC 6-1.1-8.5-12
Affected: IC 6-1.1-8.5
Sec. 1.
This article applies to the assessment of industrial
				  facilities in qualifying counties under IC 6-1.1-8.5.
Indiana Administrative Code › Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE › Article 19 - LAKE COUNTY INDUSTRIAL FACILITY; REAL PROPERTY ASSESSMENT › Rule 1 - Applicability › Section 1-2 - Definitions

Current through July 10, 2024
Authority: IC 6-1.1-8.5-12
Affected: IC 6-1.1-8.5
Sec. 2.
Unless otherwise indicated, the definitions contained in IC
				  6-1.1-8.5 also apply to this article.
Indiana Administrative Code › Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE › Article 19 - LAKE COUNTY INDUSTRIAL FACILITY; REAL PROPERTY ASSESSMENT › Rule 2 - General Provisions › Section 2-1 - List of industrial facilities provided to the department

Current through July 10, 2024
Authority: IC
				  6-1.1-8.5-12
Affected: IC 6-1.1-4; IC
				  6-1.1-8.5-2
Sec. 1.
(a) Before
				January 1 of each year the county assessor shall provide to the department a
				list of each industrial facility located within the county.
(b) Each building commissioner before January
				1 of each year for new construction completed during the prior twelve (12)
				months shall notify the department of a newly constructed industrial facility
				potentially exceeding the total value provided under IC
				6-1.1-8.5-2
				and located in the jurisdiction that the building commissioner
				serves.
(c) The township assessor
				of each township before January 1 of each year for new construction completed
				during the prior twelve (12) months shall notify the department of a newly
				constructed industrial facility in a township that the assessor serves
				potentially exceeding the total value provided under IC
				6-1.1-8.5-2.
Indiana Administrative Code › Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE › Article 19 - LAKE COUNTY INDUSTRIAL FACILITY; REAL PROPERTY ASSESSMENT › Rule 2 - General Provisions › Section 2-2 - Assessment by the department

Current through July 10, 2024
Authority: IC 6-1.1-8.5-12
Affected: IC 6-1.1-4; IC 6-1.1-8.5-8; IC 6-1.1-8.5-9; IC
				  6-1.1-30-13
Sec. 2.
(a) The
				department shall assess each industrial facility located within the county for:
(1) purposes of a general reassessment under
				IC 6-1.1-4-4.2; and
(2) a newly
				constructed industrial facility.
Indiana Administrative Code › Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE › Article 19 - LAKE COUNTY INDUSTRIAL FACILITY; REAL PROPERTY ASSESSMENT › Rule 2 - General Provisions › Section 2-3 - Certification of values; appeal and review

Current through July 10, 2024
Authority: IC 6-1.1-8.5-12
Affected: IC 6-1.1-8.5-10; IC 6-1.1-8.5-11
Sec. 3.
(a) The
				department shall certify a preliminary determination of the true tax value of
				the industrial facility to the county auditor and to the county assessor and
				the industrial company.
(b) The
				county assessor and industrial company have thirty (30) days to review the
				certified value to determine the validity and may present findings to the
				department. The department may extend this time to review for good cause. The
				department may make additions or corrections to the assessment.
(c) The department shall provide notice to
				the county assessor, the county auditor, and the industrial company of its
				final assessment.
(d) When the
				department determines the final assessment of an industrial facility, the
				county auditor shall enter for taxation the assessed valuation certified by the
				department.
Indiana Administrative Code › Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE › Article 19 - LAKE COUNTY INDUSTRIAL FACILITY; REAL PROPERTY ASSESSMENT › Rule 2 - General Provisions › Section 2-4 - Appeal of assessments

Current through July 10, 2024
Authority: IC 6-1.1-8.5-12
Affected: IC 6-1.1-8.5-11; IC 6-1.1-15
Sec. 4.
(a) The
				industrial company or the county assessor of the county in which the industrial
				facility is located may appeal an assessment by the department made under this
				article to the Indiana board of tax review.
(b) If the industrial company or the county
				assessor appeals an assessment made by the department, the department must
				notify the county auditor of the appeal.
(c) An appeal under this section will be
				conducted in the same manner as an appeal under IC 6-1.1-15-4 through IC
				6-1.1-15-8.
(d) An assessment made
				under this article that is not timely appealed is a final order of the
				department and is not subject to further appeal.
Indiana Administrative Code › Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE › Article 20 - REMUNERATION FOR INITIAL TRAINING AND CONTINUING EDUCATION SESSIONS › Rule 1 - Purpose › Section 1-1 - Scope

Current through July 10, 2024
Authority: IC 6-1.1-35.2
Affected: IC 6-1.1-1-1.5; IC 6-1.1-35.2-2; IC
				  6-1.1-35.2-3
Sec. 1.
The purpose of this article is to establish procedures for
				  reimbursement of assessing officials as defined under IC 6-1.1-1-1.5 for
				  attending an initial training session under IC 6-1.1-35.2-2 or a continuing
				  education session under IC 6-1.1-35.2-3.
Indiana Administrative Code › Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE › Article 20 - REMUNERATION FOR INITIAL TRAINING AND CONTINUING EDUCATION SESSIONS › Rule 2 - Definitions › Section 2-1 - Applicability

Current through July 10, 2024
Authority: IC 6-1.1-35.2
Affected: IC 6-1.1-1-1.5; IC 6-1.1-35
Sec. 1.
Unless otherwise indicated, the definitions in IC 6-1.1-1 and
				  this rule apply throughout this article.
Indiana Administrative Code › Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE › Article 20 - REMUNERATION FOR INITIAL TRAINING AND CONTINUING EDUCATION SESSIONS › Rule 2 - Definitions › Section 2-2 - "Lodging per diem" defined

Current through July 10, 2024
Authority: IC 6-1.1-35.2-2
Affected: IC 6-1.1-1-1.5; IC 6-1.1-35
Sec. 2.
"Lodging per diem" means the expense incurred for overnight
				  lodging.
Indiana Administrative Code › Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE › Article 20 - REMUNERATION FOR INITIAL TRAINING AND CONTINUING EDUCATION SESSIONS › Rule 2 - Definitions › Section 2-3 - "Meal per diem" defined

Current through July 10, 2024
Authority: IC 6-1.1-35.2-2
Affected: IC 6-1.1-1-1.5; IC 6-1.1-35
Sec. 3.
"Meal per diem" means the expenses incurred for
				  subsistence.
Indiana Administrative Code › Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE › Article 20 - REMUNERATION FOR INITIAL TRAINING AND CONTINUING EDUCATION SESSIONS › Rule 3 - Per Diem Allowance › Section 3-1 - Mileage for attending the initial training sessions and the continuing education sessions

Current through July 10, 2024
Authority: IC 6-1.1-35.2-2; IC 6-1.1-35.2-3
Affected: IC 6-1.1-35.2-2; IC 6-1.1-35.2-3
Sec. 1.
All assessing officials shall be entitled to a mileage per
				  diem for attending new official training and continuing education classes. The
				  county fiscal body shall designate a mileage per diem. If the county fiscal
				  body fails to designate a mileage per diem, the assessing official is entitled
				  to reimbursement as provided in the state travel policies and procedures
				  established by the Indiana department of administration and approved by the
				  Indiana state budget agency.
Indiana Administrative Code › Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE › Article 20 - REMUNERATION FOR INITIAL TRAINING AND CONTINUING EDUCATION SESSIONS › Rule 3 - Per Diem Allowance › Section 3-2 - Meal per diem for attending the initial training sessions and the continuing education sessions

Current through July 10, 2024
Authority: IC 6-1.1-35.2-2; IC 6-1.1-35.2-3
Affected: IC 6-1.1-35.2-2; IC 6-1.1-35.2-3
Sec. 2.
All assessing officials shall be entitled to a meal per diem
				  for attending new official training and continuing education sessions. The
				  county fiscal body shall designate a meal per diem. If the county fiscal body
				  fails to designate a meal per diem, the assessing official is entitled to
				  reimbursement as provided in the state travel policies and procedures
				  established by the Indiana department of administration and approved by the
				  Indiana state budget agency.
Indiana Administrative Code › Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE › Article 20 - REMUNERATION FOR INITIAL TRAINING AND CONTINUING EDUCATION SESSIONS › Rule 3 - Per Diem Allowance › Section 3-3 - Lodging per diem for attending the initial training sessions and the continuing education sessions

Current through July 10, 2024
Authority: IC 6-1.1-35.2-2; IC 6-1.1-35.2-3
Affected: IC 6-1.1-35-3
Sec. 3.
All assessing officials shall be entitled to a lodging per
				  diem for attending new official training and continuing education sessions. The
				  county fiscal body shall designate a lodging per diem. If the county fiscal
				  body fails to designate a lodging per diem, the assessing official is entitled
				  to reimbursement as provided in the state travel policies and procedures
				  established by the Indiana department of administration and approved by the
				  Indiana state budget agency.
Indiana Administrative Code › Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE › Article 20 - REMUNERATION FOR INITIAL TRAINING AND CONTINUING EDUCATION SESSIONS › Rule 4 - Payment › Section 4-1 - Payment by county

Current through July 10, 2024
Authority: IC 6-1.1-35.2-3
Affected: IC 5-11-14-1; IC 6-1.1-35.2-5
Sec. 1.
A county making a payment to an assessing official under this
				  section must make the payment regardless of an appropriation. The payment may
				  be made from the county's cumulative reassessment fund or the county's general
				  fund.
Indiana Administrative Code › Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE › Article 22 - INVESTMENT DEDUCTION › Rule 1 - General Provisions › Section 1-1 - Purpose

Current through July 10, 2024
Authority: IC 6-1.1-12.4-13
Affected: IC 6-1.1-12.4
Sec. 1.
The purpose of this article is to establish formal procedures
				  to govern the application and administration of the investment deduction
				  established under IC 6-1.1-12.4. The:
(1) procedures;
(2) procedural requirements; and
(3) standards;
established by this article are intended to ensure that the
				  investment deduction is properly administered.
Indiana Administrative Code › Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE › Article 22 - INVESTMENT DEDUCTION › Rule 1 - General Provisions › Section 1-2 - Applicability

Current through July 10, 2024
Authority: IC 6-1.1-12.4-13
Affected: IC 6-1.1-12.4
Sec. 2.
This article applies to taxpayers applying for and local
				  assessing officials exercising authority under IC 6-1.1-12.4 in administering
				  the investment deduction applicable to real and personal property.
Indiana Administrative Code › Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE › Article 22 - INVESTMENT DEDUCTION › Rule 2 - Definitions › Section 2-1 - Applicability

Current through July 10, 2024
Authority: IC 6-1.1-12.4-13
Affected: IC 6-1.1-12.4
Sec. 1.
The definitions in this rule apply throughout this
				  article.
Indiana Administrative Code › Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE › Article 22 - INVESTMENT DEDUCTION › Rule 2 - Definitions › Section 2-2 - "Creates or retains employment" defined

Current through July 10, 2024
Authority: IC 6-1.1-12.4-13
Affected: IC 6-1.1-12.4
Sec. 2.
(a) For real
				property, "creates or retains employment" means a development, redevelopment,
				or rehabilitation of the real property that:
(1) produces new jobs that were not
				previously performed; or
(2)
				maintains existing jobs performed before the development, redevelopment, or
				rehabilitation of the real property;
by employees located at the site of the real property. The
				  term may also refer to a development, redevelopment, or rehabilitation of real
				  property that keeps an existing business in operation that otherwise would have
				  ceased to maintain operations in Indiana without the development,
				  redevelopment, or rehabilitation even though the total number of jobs that
				  exists after the development, redevelopment, or rehabilitation may be less than
				  before the development, redevelopment, or rehabilitation occurred.
Indiana Administrative Code › Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE › Article 22 - INVESTMENT DEDUCTION › Rule 2 - Definitions › Section 2-3 - "Department" defined

Current through July 10, 2024
Authority: IC 6-1.1-12.4-13
Affected: IC 6-1.1-12.4; IC 6-1.1-30-1.1
Sec. 3.
"Department" means the department of local government
				  finance.
Indiana Administrative Code › Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE › Article 22 - INVESTMENT DEDUCTION › Rule 2 - Definitions › Section 2-4 - "Development" defined

Current through July 10, 2024
Authority: IC 6-1.1-12.4-13
Affected: IC 6-1.1-12.4-2; IC 6-1.1-12.4-6
Sec. 4.
"Development" means construction that improves a parcel of
				  land.
Indiana Administrative Code › Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE › Article 22 - INVESTMENT DEDUCTION › Rule 2 - Definitions › Section 2-5 - "Inventory" defined

Current through July 10, 2024
Authority: IC 6-1.1-12.4-13
Affected: IC 6-1.1-12.4-3
Sec. 5.
"Inventory" has the meaning set forth in 50 IAC
				  4.2-5-1.
Indiana Administrative Code › Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE › Article 22 - INVESTMENT DEDUCTION › Rule 2 - Definitions › Section 2-6 - "Investment deduction" defined

Current through July 10, 2024
Authority: IC 6-1.1-12.4-13
Affected: IC 6-1.1-12.4
Sec. 6.
"Investment deduction" means the deduction for real or
				  personal property provided in IC 6-1.1-12.4.
Indiana Administrative Code › Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE › Article 22 - INVESTMENT DEDUCTION › Rule 2 - Definitions › Section 2-7 - "Official" defined

Current through July 10, 2024
Authority: IC 6-1.1-12.4-13
Affected: IC 6-1.1-12.4-1; IC 6-1.1-12.4-6
Sec. 7.
"Official" means any of the following:
(1) A county auditor.
(2) A county assessor.
(3) A township assessor.
Indiana Administrative Code › Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE › Article 22 - INVESTMENT DEDUCTION › Rule 2 - Definitions › Section 2-8 - "Personal property" defined

Current through July 10, 2024
Authority: IC 6-1.1-12.4-13
Affected: IC 6-1.1-1-11; IC 6-1.1-12.4
Sec. 8.
"Personal property" has the meaning set forth in IC
				  6-1.1-1-11, except, for purposes of this article, the term excludes
				  inventory.
Indiana Administrative Code › Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE › Article 22 - INVESTMENT DEDUCTION › Rule 2 - Definitions › Section 2-9 - "Purchase" defined

Current through July 10, 2024
Authority: IC 6-1.1-12.4-13
Affected: IC 6-1.1-12.4-3
Sec. 9.
"Purchase" means the act of obtaining title to real or
				  personal property. A person is deemed to be purchasing property when:
(1) title to the property is transferred into
				the person's name; or
(2) a person
				assumes a legal obligation to pay the property taxes on the property.
Indiana Administrative Code › Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE › Article 22 - INVESTMENT DEDUCTION › Rule 2 - Definitions › Section 2-10 - "Real property" defined

Current through July 10, 2024
Authority: IC 6-1.1-12.4-13
Affected: IC 6-1.1-1-15; IC 6-1.1-12.4
Sec. 10.
"Real property" has the meaning set forth in IC
				  6-1.1-1-15.
Indiana Administrative Code › Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE › Article 22 - INVESTMENT DEDUCTION › Rule 2 - Definitions › Section 2-11 - "Redevelopment" defined

Current through July 10, 2024
Authority: IC 6-1.1-12.4-13
Affected: IC 6-1.1-12.4-2; IC 6-1.1-12.4-6; IC
				  6-1.1-12.1-1
Sec. 11.
"Redevelopment" means the construction of new improvements on
				  either of the following:
(1)
				Unimproved real estate.
(2) Real
				estate upon which a prior existing improvement is demolished to allow for new
				construction.
Indiana Administrative Code › Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE › Article 22 - INVESTMENT DEDUCTION › Rule 2 - Definitions › Section 2-12 - "Rehabilitation" defined

Current through July 10, 2024
Authority: IC 6-1.1-12.4-13
Affected: IC 6-1.1-12.4-2; IC 6-1.1-12.4-6
Sec. 12.
"Rehabilitation" means either of the following:
(1) The remodeling, repair, or betterment of
				property in any manner.
(2) Any
				enlargement or extension of an improvement.
Indiana Administrative Code › Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE › Article 22 - INVESTMENT DEDUCTION › Rule 3 - Property Eligible for the Investment Deduction › Section 3-1 - Real property eligible

Current through July 10, 2024
Authority: IC 6-1.1-12.4-13
Affected: IC 6-1.1-12.1-3; IC 6-1.1-12.4-2
Sec. 1.
(a) In order
				to be eligible for the investment deduction:
(1) real property must meet the requirements
				of IC 6-1.1-12.4-2; and
(2) the
				real property owner must timely file a notice to claim the investment
				deduction.
Indiana Administrative Code › Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE › Article 22 - INVESTMENT DEDUCTION › Rule 3 - Property Eligible for the Investment Deduction › Section 3-2 - Personal property eligible

Current through July 10, 2024
Authority: IC 6-1.1-12.4-13
Affected: IC 6-1.1-12.4-3
Sec. 2.
(a) In order
				to be eligible for the investment deduction:
(1) personal property must meet the
				requirements of IC 6-1.1-12.4-3; and
(2) the personal property owner must claim
				the investment deduction on a timely filed:
(A) annual; or
(B) amended; personal property tax
				return.
Indiana Administrative Code › Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE › Article 22 - INVESTMENT DEDUCTION › Rule 3 - Property Eligible for the Investment Deduction › Section 3-3 - Ineligibility of property located in an allocation area

Current through July 10, 2024
Authority: IC 6-1.1-12.4-13
Affected: IC 6-1.1-12.4; IC 6-1.1-21.2-3
Sec. 3.
Real property and personal property located in an area that
				  has been designated as an allocation area, as defined in IC 6-1.1-21.2-3, are
				  not eligible for the investment deduction.
Indiana Administrative Code › Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE › Article 22 - INVESTMENT DEDUCTION › Rule 3 - Property Eligible for the Investment Deduction › Section 3-4 - Other deductions may not be claimed in conjunction with investment deduction

Current through July 10, 2024
Authority: IC 6-1.1-12.4-13
Affected: IC 6-1.1-12.4-5
Sec. 4.
If the investment deduction has been claimed for an
				  assessment year, all other statutory deductions as set forth in IC 6-1.1-12.4-5
				  shall not be claimed on the:
(1)
				development, redevelopment, or rehabilitation of real property; or
(2) purchase of personal property;
subject to the investment deduction.
Indiana Administrative Code › Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE › Article 22 - INVESTMENT DEDUCTION › Rule 4 - Length of Investment Deduction › Section 4-1 - Length of investment deduction for real property

Current through July 10, 2024
Authority: IC 6-1.1-12.4-13
Affected: IC 6-1.1-12.4-2
Sec. 1.
The investment deduction on eligible real property:
(1) is first available in the year in which
				the increase in assessed value resulting from the development, redevelopment,
				or rehabilitation occurs; and
(2)
				continues for the following two (2) years.
Indiana Administrative Code › Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE › Article 22 - INVESTMENT DEDUCTION › Rule 4 - Length of Investment Deduction › Section 4-2 - Length of investment deduction for personal property

Current through July 10, 2024
Authority: IC 6-1.1-12.4-13
Affected: IC 6-1.1-12.4-3
Sec. 2.
The investment deduction on eligible personal
				  property:
(1) is first available in the
				year in which the increase in assessed value resulting from the purchase of the
				personal property occurs; and
(2)
				continues for the following two (2) years.
Indiana Administrative Code › Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE › Article 22 - INVESTMENT DEDUCTION › Rule 5 - Amount of Investment Deduction › Section 5-1 - Amount of investment deduction for real property

Current through July 10, 2024
Authority: IC 6-1.1-12.4-13
Affected: IC 6-1.1-12.4-2
Sec. 1.
The annual amount of the investment deduction on eligible
				  real property is calculated using the formula set forth in IC
				  6-1.1-12.4-2(c).
Indiana Administrative Code › Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE › Article 22 - INVESTMENT DEDUCTION › Rule 5 - Amount of Investment Deduction › Section 5-2 - Amount of investment deduction for personal property

Current through July 10, 2024
Authority: IC 6-1.1-12.4-13
Affected: IC 6-1.1-12.4-3
Sec. 2.
The annual amount of the investment deduction on eligible
				  personal property is calculated using the formula set forth in IC
				  6-1.1-12.4-3(c).
Indiana Administrative Code › Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE › Article 22 - INVESTMENT DEDUCTION › Rule 6 - Effect of Assessment Changes on the Investment Deduction › Section 6-1 - Decreases in assessed value

Current through July 10, 2024
Authority: IC 6-1.1-12.4-13
Affected: IC 6-1.1-12.4-2; IC 6-1.1-12.4-3
Sec. 1.
If the assessed value of real property or personal property
				  receiving the investment deduction is subsequently decreased as the result of
				  an appeal, or by other action of an assessing official, the amount of the
				  investment deduction shall be adjusted by the township assessor to reflect the
				  percentage decrease that results from the change and submitted to the county
				  auditor. Other actions of an assessing official include, but are not limited
				  to, the following:
(1) General
				reassessment.
(2) Annual
				adjustments.
(3) The processing of
				an amended personal property return.
Indiana Administrative Code › Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE › Article 22 - INVESTMENT DEDUCTION › Rule 6 - Effect of Assessment Changes on the Investment Deduction › Section 6-2 - Increases in assessed value

Current through July 10, 2024
Authority: IC 6-1.1-12.4-13
Affected: IC 6-1.1-12.4-2; IC 6-1.1-12.4-3
Sec. 2.
If the assessed value of real property or personal property
				  receiving the investment deduction is subsequently increased as the result of
				  an appeal, or by other action of an assessing official, the amount of the
				  investment deduction shall be adjusted by the township assessor to reflect the
				  percentage increase that results from the change and submitted to the county
				  auditor. Other actions of an assessing official include, but are not limited
				  to, changes made to the assessment as a result of any of the following:
(1) A general reassessment.
(2) An annual adjustment.
(3) The processing of an amended personal
				property return.
Indiana Administrative Code › Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE › Article 22 - INVESTMENT DEDUCTION › Rule 7 - Claiming the Investment Deduction › Section 7-1 - Procedure for claiming the investment deduction on real property

Current through July 10, 2024
Authority: IC 6-1.1-12.4-13
Affected: IC 6-1.1-4-22; IC 6-1.1-12.4-2
Sec. 1.
(a) A
				property owner must claim the real property investment deduction for all
				eligible years by completing a notice on Form RPID-1 for the first year the
				investment deduction is claimed.
(b) Form RPID-1 is available:
(1) from the county assessor; and
(2) on the department's Web site at
www.in.gov/dlgf/
.
Indiana Administrative Code › Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE › Article 22 - INVESTMENT DEDUCTION › Rule 7 - Claiming the Investment Deduction › Section 7-2 - Procedure for claiming the investment deduction on personal property

Current through July 10, 2024
Authority: IC 6-1.1-12.4-13
Affected: IC 6-1.1-12.4-3
Sec. 2.
(a) A
				property owner must claim the personal property investment deduction by
				completing Schedule PPID-1 and attaching that schedule to a timely filed:
(1) personal; or
(2) amended personal;
property tax return.
Indiana Administrative Code › Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE › Article 22 - INVESTMENT DEDUCTION › Rule 8 - Duties of the Township Assessor › Section 8-1 - Processing of real property investment deduction

Current through July 10, 2024
Authority: IC 6-1.1-12.4-13
Affected: IC 6-1.1-12.4-2
Sec. 1.
(a) A
				township assessor receiving a Form RPID-1 from a property owner shall inform
				the county auditor of the following:
(1) The
				real property eligible for the investment deduction as contained in the notice
				filed by the taxpayer.
(2) The
				investment deduction amount.
Indiana Administrative Code › Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE › Article 22 - INVESTMENT DEDUCTION › Rule 8 - Duties of the Township Assessor › Section 8-2 - Processing of personal property investment deduction

Current through July 10, 2024
Authority: IC 6-1.1-12.4-13
Affected: IC 6-1.1-12.4-3
Sec. 2.
(a) A
				township assessor receiving a Schedule PPID-1 attached to a property owner's
				annual personal property tax return or amended personal property tax return
				shall do the following:
(1) Identify the
				personal property eligible for the investment deduction.
(2) Inform the county auditor of the
				investment deduction amount.
Indiana Administrative Code › Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE › Article 22 - INVESTMENT DEDUCTION › Rule 9 - County Auditor's Responsibilities › Section 9-1 - Application of real property investment deduction

Current through July 10, 2024
Authority: IC 6-1.1-12.4-13
Affected: IC 6-1.1-12.4-2
Sec. 1.
A county auditor receiving a completed Form RPID-1 from a
				  township assessor shall do the following:
(1) Make the investment deduction in the
				amount certified by the township assessor.
(2) Notify the county property tax board of
				appeals of the amount of the investment deduction granted.
Indiana Administrative Code › Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE › Article 22 - INVESTMENT DEDUCTION › Rule 9 - County Auditor's Responsibilities › Section 9-2 - Application of personal property investment deduction

Current through July 10, 2024
Authority: IC 6-1.1-12.4-13
Affected: IC 6-1.1-12.4-3
Sec. 2.
A county auditor receiving the first page of a personal
				  property tax return (Form 102 or 103) showing a personal property investment
				  deduction from a township assessor shall do the following:
(1) Make the investment deduction in the
				amount certified by the township assessor.
(2) Notify the county property tax board of
				appeals of the amount of the investment deduction granted.
Indiana Administrative Code › Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE › Article 22 - INVESTMENT DEDUCTION › Rule 10 - Appeal Rights › Section 10-1 - Appeal rights

Current through July 10, 2024
Authority: IC 6-1.1-12.4-13
Affected: IC 6-1.1-12.4
Sec. 1.
(a) An
				official may review an investment deduction to determine whether the property
				has created or retained jobs as set forth in IC 6-1.1-12.4-6 and this
				article.
(b) An official who
				determines that the creation or retention of employment has not occurred shall
				follow the notification and hearing procedures outlined in IC 6-1.1-12.4-6
				through IC 6-1.1-12.4-9.
(c) The
				review referenced in subsection (a) is only to determine the eligibility of
				property for the investment deduction. An official may not use the statutory
				procedure in IC 6-1.1-12.4-6 through IC 6-1.1-12.4-9 to appeal the amount of
				the investment deduction.
(d) If an
				official disallows or modifies the claimed investment deduction for any reason
				other than a determination under subsection (a), the taxpayer may appeal the
				denial or modification in accordance with the statutory provisions and
				procedural remedies otherwise applicable and available when an assessment is
				changed or a deduction is denied.
Indiana Administrative Code › Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE › Article 22 - INVESTMENT DEDUCTION › Rule 11 - Change of Ownership › Section 11-1 - Change of ownership

Current through July 10, 2024
Authority: IC 6-1.1-12.4-13
Affected: IC 6-1.1-12.4-2; IC 6-1.1-12.4-3
Sec. 1.
(a) If there
				is a change in ownership of property that has been granted an investment
				deduction, the investment deduction shall continue to apply to the
				property.
(b) The amount of the
				investment deduction on the property shall continue to be calculated using the
				formula set forth in:
(1) IC 6-1.1-12.4-2;
				or
(2) IC 6-1.1-12.4-3.
Indiana Administrative Code › Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE › Article 24 - STANDARD DEDUCTION FOR HOMESTEADS › Rule 1 - General Provisions › Section 1-1 - Purpose

Current through July 10, 2024
Authority: IC 6-1.1-12-37
Affected: IC 6-1.1-12-37
Sec. 1.
The purpose of this article is to establish procedures to
				  govern the application for the homestead standard deduction established under
				  IC 6-1.1-12-37.
Indiana Administrative Code › Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE › Article 24 - STANDARD DEDUCTION FOR HOMESTEADS › Rule 1 - General Provisions › Section 1-2 - Applicability

Current through July 10, 2024
Authority: IC 6-1.1-12-37
Affected: IC 6-1.1-12-37
Sec. 2.
This article applies to taxpayers applying for the homestead
				  standard deduction.
Indiana Administrative Code › Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE › Article 24 - STANDARD DEDUCTION FOR HOMESTEADS › Rule 2 - Definitions › Section 2-1 - Applicability

Current through July 10, 2024
Authority: IC 6-1.1-12-37
Affected: IC 6-1.1-12-37
Sec. 1.
The definitions in this rule apply throughout this
				  article.
Indiana Administrative Code › Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE › Article 24 - STANDARD DEDUCTION FOR HOMESTEADS › Rule 2 - Definitions › Section 2-2 - "Dwelling" defined

Current through July 10, 2024
Authority: IC 6-1.1-12-37
Affected: IC 6-1.1-12-37
Sec. 2.
"Dwelling" has the meaning set forth in IC
				  6-1.1-12-37(a)(1).
Indiana Administrative Code › Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE › Article 24 - STANDARD DEDUCTION FOR HOMESTEADS › Rule 2 - Definitions › Section 2-3 - "Homestead" defined

Current through July 10, 2024
Authority: IC 6-1.1-12-37
Affected: IC 6-1.1-12-37
Sec. 3.
"Homestead" has the meaning set forth in IC
				  6-1.1-12-37(a)(2).
Indiana Administrative Code › Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE › Article 24 - STANDARD DEDUCTION FOR HOMESTEADS › Rule 2 - Definitions › Section 2-4 - "Individual" defined

Current through July 10, 2024
Authority: IC 6-1.1-12-37
Affected: IC 6-1.1-12-37
Sec. 4.
"Individual" means a human being.
Indiana Administrative Code › Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE › Article 24 - STANDARD DEDUCTION FOR HOMESTEADS › Rule 2 - Definitions › Section 2-5 - "Principal place of residence" defined

Current through July 10, 2024
Authority: IC 6-1.1-12-37
Affected: IC 6-1.1-12-37
Sec. 5.
"Principal place of residence" means an individual's true,
				  fixed, permanent home to which the individual has the intention of returning
				  after an absence.
Indiana Administrative Code › Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE › Article 24 - STANDARD DEDUCTION FOR HOMESTEADS › Rule 3 - Eligibility › Section 3-1 - Eligibility for the homestead standard deduction

Current through July 10, 2024
Authority: IC
				  6-1.1-12-37
Affected: IC
				  6-1.1-12-37
Sec. 1.
Contingent upon eligibility under IC
				  6-1.1-12-37
				  and pursuant to all applicable laws, an individual who in a particular year
				  either owns or is buying a homestead under a contract, recorded in the county
				  recorder's office, that provides that the individual is to pay property taxes,
				  is entitled to a homestead standard deduction from the assessed value of the
				  homestead.
Indiana Administrative Code › Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE › Article 24 - STANDARD DEDUCTION FOR HOMESTEADS › Rule 3 - Eligibility › Section 3-2 - Determination of principal place of residence (Voided)

Current through July 10, 2024
Authority: IC 6-1.1-12-37
Affected: IC 6-1.1-12-37
Indiana Administrative Code › Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE › Article 24 - STANDARD DEDUCTION FOR HOMESTEADS › Rule 3 - Eligibility › Section 3-3 - Date of ownership of homestead

Current through July 10, 2024
Authority: IC 6-1.1-12-37
Affected: IC 6-1.1-12-37
Sec. 3.
The individual must own the homestead real property, mobile
				  home, or manufactured home, or purchasing the real property, mobile home, or
				  manufactured home under contract that requires the buyer to pay the property
				  taxes on the date the application, or sales disclosure form serving as the
				  application, is filed.
Indiana Administrative Code › Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE › Article 24 - STANDARD DEDUCTION FOR HOMESTEADS › Rule 3 - Eligibility › Section 3-4 - Applicability of deduction for assessment date

Current through July 10, 2024
Authority: IC
				  6-1.1-12-37
Affected: IC
				  6-1.1-12-37;
				  IC
				  6-1.1-12-45
Sec. 4.
(a) Subject
				to subsections (b) and (c), a homestead standard deduction applies for an
				assessment date and for the property taxes due and payable based on the
				assessment for that assessment date, regardless of whether:
(1) the title is conveyed one (1) or more
				times; or
(2) one (1) or more
				contracts to purchase are entered into;
after that assessment date and on or before the next
				  succeeding assessment date.
Indiana Administrative Code › Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE › Article 24 - STANDARD DEDUCTION FOR HOMESTEADS › Rule 3 - Eligibility › Section 3-5 - Limitation on homestead standard deduction

Current through July 10, 2024
Authority: IC
				  6-1.1-12-37;
				  IC
				  6-1.1-12-40.5
Affected: IC
				  6-1.1-12-37
Sec. 5.
With respect to a personal property mobile home and up to one
				  (1) acre of the land surrounding the mobile home owned by an individual, the
				  overall sum of the deduction is limited to sixty percent (60%) of the combined
				  assessed value of the homestead, that is, mobile home and qualified land. The
				  county auditor shall allocate the deduction as follows:
(1) A maximum of fifty percent (50%) of the
				assessed value of the personal property mobile home.
(2) The remainder of the deduction shall be
				applied to the assessed value of the qualified land.
(3) The deduction shall be applied to the
				personal property mobile home and qualified land before all other deductions.
Indiana Administrative Code › Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE › Article 24 - STANDARD DEDUCTION FOR HOMESTEADS › Rule 4 - Application for the Homestead Standard Deduction › Section 4-1 - Application options

Current through July 10, 2024
Authority: IC 6-1.1-12-37
Affected: IC 6-1.1-12-37
Sec. 1.
If an individual is otherwise required to complete a sales
				  disclosure form (State Form 46021), the sales disclosure form may serve as an
				  application for the homestead standard deduction, or an individual may apply
				  for the deduction by completing department of local government finance Form
				  HC10 (State Form 5473).
Indiana Administrative Code › Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE › Article 24 - STANDARD DEDUCTION FOR HOMESTEADS › Rule 4 - Application for the Homestead Standard Deduction › Section 4-2 - Application using department of local government finance Form HC10

Current through July 10, 2024
Authority: IC
				  6-1.1-12-37
Affected: IC
				  6-1.1-12-37
Sec. 2.
(a) An
				individual who is qualified and desires to obtain the homestead standard
				deduction and has not applied using the sales disclosure form (State Form
				46021) must complete the department of local government finance Form HC10
				(State Form 54730) Claim for Homestead Property Tax Credit/Standard
				Deduction.
(b) With respect to real
				property, the statement must be completed and dated in the calendar year for
				which the individual desires to obtain the deduction and filed with the county
				auditor on or before January 5 of the immediately succeeding calendar year.
				With respect to a mobile home that is not assessed as real property, the
				individual must file the statement during the twelve (12) months before March
				31 of the year for which the individual desires to obtain the deduction.
(c) If an individual desires to
				have the receipt returned by mail, the individual must provide the auditor with
				a self-addressed, stamped envelope.