2018 Indiana Code
TITLE 6. Taxation
ARTICLE 1.1. PROPERTY TAXES
CHAPTER 4. Procedures for Real Property Assessment
6-1.1-4-40. Exclusion of federal income tax credits in the determination of the assessed value of low income housing tax credit property

Universal Citation: IN Code § 6-1.1-4-40 (2018)
IC 6-1.1-4-40 Exclusion of federal income tax credits in the determination of the assessed value of low income housing tax credit property

     Sec. 40. The value of federal income tax credits awarded under Section 42 of the Internal Revenue Code may not be considered in determining the assessed value of low income housing tax credit property.

As added by P.L.81-2004, SEC.58.

 

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