50 Ind. Admin. Code 22-11-1

Current through November 6, 2024

Section 50 IAC 22-11-1 - Change of ownership

Authority: IC 6-1.1-12.4-13

Affected: IC 6-1.1-12.4-2; IC 6-1.1-12.4-3

Sec. 1.

(a) If there is a change in ownership of property that has been granted an investment deduction, the investment deduction shall continue to apply to the property.

(b) The amount of the investment deduction on the property shall continue to be calculated using the formula set forth in:

(1) IC 6-1.1-12.4-2; or

(2) IC 6-1.1-12.4-3.

50 IAC 22-11-1

Department of Local Government Finance; 50 IAC 22-11-1; filed Jun 15, 2006, 11:25 a.m.: 20060712-IR-050050144FRA