Additional deductions for property prohibited
Effective 1-1-2006.
Sec. 5. A property owner that qualifies for a deduction for a year
under this chapter and another statute with respect to the same:
(1) real property development, redevelopment, or rehabilitation;
or
(2) personal property purchase;
may not receive a deduction under both statutes for the development,
redevelopment, rehabilitation, or purchase for that year.
As added by P.L.193-2005, SEC.8.
Last modified: May 28, 2006