Sec. 9. (a) Subject to section 10 of this chapter, a property owner is entitled to a deduction under this chapter for an assessment date for not more than three (3) residences in inventory in Indiana.
(b) The auditor of a county (referred to in this section as the "first county") with whom a statement is filed under section 4 of this chapter shall immediately prepare and transmit a copy of the statement to the auditor of any other county (referred to in this section as the "second county") if the property owner that claims the deduction owns or is buying a residence in inventory located in the second county.
(c) The county auditor of the second county shall note on the copy of the statement whether the property owner has claimed a deduction for the current year under section 4 of this chapter for a residence in inventory located in the second county. The county auditor shall then return the copy of the statement to the auditor of the first county.
As added by P.L.175-2011, SEC.2.
Structure Indiana Code
Chapter 12.8. Deduction for Residence in Inventory
6-1.1-12.8-0.5. "Affiliated Group"
6-1.1-12.8-1. "Residence in Inventory"
6-1.1-12.8-2. "Residential Builder"
6-1.1-12.8-4. Required Statement
6-1.1-12.8-5. Allocation Area; Deduction Disallowed
6-1.1-12.8-6. Restriction on Deductions Under Multiple Statutes
6-1.1-12.8-7. Change in Ownership
6-1.1-12.8-8. Voidance of Rules; Residence in Inventory Property Tax Deduction