Sec. 0.5. As used in this chapter, "affiliated group" means any combination of the following:
(1) An affiliated group within the meaning provided in Section 1504 of the Internal Revenue Code (except that the ownership percentage in Section 1504(a)(2) of the Internal Revenue Code shall be determined using fifty percent (50%) instead of eighty percent (80%)) or a relationship described in Section 267(b)(11) of the Internal Revenue Code.
(2) Two (2) or more partnerships (as defined in IC 6-3-1-19), including limited liability companies and limited liability partnerships, that have the same degree of mutual ownership as an affiliated group described in subdivision (1).
As added by P.L.70-2008, SEC.1. Amended by P.L.1-2009, SEC.41; P.L.148-2015, SEC.10.
Structure Indiana Code
Chapter 12.6. Deduction for Model Residence
6-1.1-12.6-0.5. "Affiliated Group"
6-1.1-12.6-1. "Model Residence"
6-1.1-12.6-2. Applicability; Amount of Deduction; Termination of Deduction on Sale of Residence
6-1.1-12.6-4. Limitation of Deduction to Three Residences; Procedure for Enforcement
6-1.1-12.6-5. Deduction Inapplicable in Allocation Area
6-1.1-12.6-6. Prohibition Against Application of the Deduction and a Deduction Under Another Statute
6-1.1-12.6-7. Application of the Deduction on Change of Ownership
6-1.1-12.6-8. Affiliated Group Limited to Three Deductions
6-1.1-12.6-9. Voidance of Rules; Model Residence Property Tax Deduction