Exclusion of federal income tax credits in the determination of the assessed value of low income housing tax credit property

Ind. Code § 6-1.1-4-40
in effect
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Sec. 40. The value of federal income tax credits awarded under Section 42 of the Internal Revenue Code may not be considered in determining the assessed value of low income housing tax credit property. As added by P.L.81-2004, SEC.58.
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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