Indiana Code - Taxation - Title 6, Section 6-1.1-12-33

Hydroelectric power device

Sec. 33. (a) For purposes of this section "hydroelectric power
device" means a device which is installed after December 31, 1981,
and is designed to utilize the kinetic power of moving water to
provide mechanical energy or to produce electricity.
(b) The owner of real property, or a mobile home that is not
assessed as real property, that is equipped with a hydroelectric power
device is annually entitled to a property tax deduction. The amount
of the deduction equals the remainder of: (1) the assessed value of
the real property or mobile home with the hydroelectric power
device; minus (2) the assessed value of the real property or mobile
home without the hydroelectric power device.

As added by Acts 1981, P.L.71, SEC.1.

Last modified: May 28, 2006