Indiana Code - Taxation - Title 6, Section 6-1.1-12.1-5.8

Waiver of statement of benefits

Sec. 5.8. In lieu of providing the statement of benefits required by
section 3 or 4.5 of this chapter and the additional information
required by section 5.1 or 5.6 of this chapter, the designating body
may, by resolution, waive the statement of benefits if the designating
body finds that the purposes of this chapter are served by allowing
the deduction and the property owner has, during the thirty-six (36)
months preceding the first assessment date to which the waiver
would apply, installed new manufacturing equipment, new research
and development equipment, new logistical distribution equipment,
or new information technology equipment or developed or
rehabilitated property at a cost of at least ten million dollars
($10,000,000) as determined by the assessor of the township in
which the property is located.

As added by P.L.47-1990, SEC.3. Amended by P.L.14-1991, SEC.7;
P.L.4-2000, SEC.10; P.L.90-2002, SEC.123; P.L.256-2003, SEC.6;
P.L.64-2004, SEC.10 and P.L.81-2004, SEC.54.

Last modified: May 28, 2006