Deduction; amount
Effective 1-1-2006.
Sec. 9. (a) A taxpayer that makes a qualified investment is entitled
to a deduction from the assessed value of the taxpayer's enterprise
zone property located at the enterprise zone location for which the
taxpayer made the qualified investment. The amount of the deduction
is equal to the remainder of:
(1) the total amount of the assessed value of the taxpayer's
enterprise zone property assessed at the enterprise zone location
on a particular assessment date; minus
(2) the total amount of the base year assessed value for the
enterprise zone location.
(b) To receive the deduction allowed under subsection (a) for a
particular year, a taxpayer must comply with the conditions set forth
in this chapter.
As added by P.L.214-2005, SEC.16.
Last modified: May 28, 2006