Sec. 12. (a) Subject to subsection (b), a taxpayer may claim a deduction under this chapter for property other than property located in a consolidated city for an assessment date that occurs after:
(1) the expiration of the enterprise zone in which the enterprise zone property for which the taxpayer made the qualified investment is located; or
(2) the expiration of the entrepreneur and enterprise district in which the entrepreneur and enterprise district property for which the taxpayer made the qualified investment under IC 5-28-15.5 is located.
(b) A taxpayer may not claim a deduction under this chapter for more than ten (10) years.
As added by P.L.214-2005, SEC.16. Amended by P.L.211-2007, SEC.7; P.L.238-2017, SEC.17.
Structure Indiana Code
Chapter 45. Enterprise Zone Investment Deduction
6-1.1-45-1. Definition Applicability
6-1.1-45-2. "Base Year Assessed Value"
6-1.1-45-3.5. "District Business"
6-1.1-45-5. "Enterprise Zone Location"
6-1.1-45-6. "Enterprise Zone Property"
6-1.1-45-6.2. "Entrepreneur and Enterprise District"
6-1.1-45-6.4. "Entrepreneur and Enterprise District Location"
6-1.1-45-6.6. "Entrepreneur and Enterprise District Property"
6-1.1-45-7. "Qualified Investment"
6-1.1-45-10. Deduction Application; Extension
6-1.1-45-11. Eligibility; Appeals
6-1.1-45-12. Deduction Limitation; Claiming Deduction After Expiration of Zone