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2017 Indiana Code
TITLE 6. Taxation
ARTICLE 1.1. PROPERTY TAXES
CHAPTER 3. Procedures for Personal Property Assessment
6-1.1-3-25. Exemption from valuation limitations for property located in entrepreneur and enterprise district
Universal Citation: IN Code § 6-1.1-3-25 (2017)
IC 6-1.1-3-25 Exemption from valuation limitations for property located in entrepreneur and enterprise district
Sec. 25. (a) As used in this section, "district" refers to an entrepreneur and enterprise district designated under IC 5-28-15.5.
(b) Notwithstanding section 22(b) of this chapter and IC 6-1.1-8-44(b), assessable depreciable personal property that:
(1) is located in a district;
(2) is placed in service in the district by the owner of the property after the designation of the district under IC 5-28-15.5; and
(3) is used within the district by one (1) or more employees who perform the majority of their service within the district;
is not subject to the valuation limitations in 50 IAC 4.2-4-9 or 50 IAC 5.1-6-9.
As added by P.L.238-2017, SEC.8.
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