Sec. 0.5. For each year that a deduction from the assessed value of tangible property is allowed, the assessed value remaining after the deduction is the basis for taxation of the property.
Ind. Code § 6-1.1-12-0.5
Basis for taxation after deduction
Applied in 1 court decision — leading case Inland Container Corp. v. State Board of Tax Commissioners (2001)
Most recently applied in Inland Container Corp. v. State Board of Tax Commissioners (October 2001)
As added by Acts 1979, P.L.52, SEC.1.
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.