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2018 Indiana Code
TITLE 6. Taxation
ARTICLE 1.1. PROPERTY TAXES
CHAPTER 44. Deduction for Purchases of Investment Property by Manufacturers of Recycled Components
6-1.1-44-5. Deduction for investment property; amount
Universal Citation: IN Code § 6-1.1-44-5 (2018)
IC 6-1.1-44-5 Deduction for investment property; amount
Sec. 5. (a) A manufacturer is entitled to a deduction from the assessed valuation of the investment property in the first year that the investment property is subject to assessment under this article.
(b) The amount of a deduction described in subsection (a) equals the product of:
(1) the assessed value of the investment property; multiplied by
(2) fifteen hundredths (0.15).
As added by P.L.215-2003, SEC.1.
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