Application for assessed valuation deduction
Sec. 17. (a) A person may apply for an assessed valuation
deduction for:
(1) real property; and
(2) personal property, other than inventory (as defined in
IC 6-1.1-3-11);
located in an area designated as a brownfield revitalization zone.
(b) An application for a deduction for an improvement to a
brownfield revitalization zone or personal property located in a
brownfield revitalization area must:
(1) be submitted to the designating body before the date that the
improvement is initiated or, if the deduction is for personal
property, the property is brought into the area;
(2) contain sufficient information for the designating body to
approve the deduction; and
(3) be submitted in the form prescribed by the department of
local government finance.
As added by P.L.59-1997, SEC.1. Amended by P.L.90-2002,
SEC.283.
Last modified: May 28, 2006