Deduction limitation; claiming deduction after expiration of zone

Ind. Code § 6-1.1-45-12
in effect
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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.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/6Fetched: 10/17/2026

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