Authority: IC 12-15-1-10; IC 12-15-21-2
Affected: IC 12-13-7-3; IC 12-15
Sec. 15.
Property Basis | Use Fee Life |
Land | 20 years |
Land improvements | 20 years |
Buildings and building components | 20 years |
Building improvements | 20 years |
Movable equipment | 7 years |
Vehicles | 7 years |
The maximum property basis per bed at the time of acquisition, for all providers, except for providers of extensive support needs residences for adults, shall be in accordance with the following schedule:
Acquisition Date | Maximum Property Basis Per Bed |
7/1/76 | $12,650 |
4/1/77 | $13,255 |
10/1/77 | $13,695 |
4/1/78 | $14,080 |
10/1/78 | $14,630 |
4/1/79 | $15,290 |
10/1/79 | $16,115 |
4/1/80 | $16,610 |
10/1/80 | $17,490 |
4/1/81 | $18,370 |
10/1/81 | $19,140 |
4/1/82 | $19,690 |
9/1/82 | $20,000 |
3/1/83 | $20,100 |
9/1/83 | $20,600 |
3/1/84 | $20,600 |
9/1/84 | $21,200 |
3/1/85 | $21,200 |
9/1/85 | $21,200 |
3/1/86 | $21,400 |
9/1/86 | $21,500 |
3/1/87 | $21,900 |
9/1/87 | $22,400 |
3/1/88 | $22,600 |
9/1/88 | $23,000 |
3/1/89 | $23,100 |
9/1/89 | $23,300 |
3/1/90 | $23,600 |
9/1/90 | $23,900 |
3/1/91 | $24,500 |
9/1/91 | $24,700 |
3/1/92 | $24,900 |
9/1/92 | $25,300 |
3/1/93 | $25,400 |
9/1/93 | $25,700 |
The schedule shall be updated semiannually effective on March 1 and September 1 by the office and rounded to the nearest one hundred dollars ($100) based on the change in the R.S. Means Construction Index.
405 IAC 1-12-15