Section 6-1.1-3-25 - Exemption from valuation limitations for property located in entrepreneur and enterprise district(a) As used in this section, "district" refers to an entrepreneur and enterprise district designated under IC 5-28-15.5.(b) Notwithstanding section 22(b) of this chapter and IC 6-1.1-8-44(b), assessable depreciable personal property that: (1) is located in a district;(2) is placed in service in the district by the owner of the property after the designation of the district under IC 5-28-15.5; and(3) is used within the district by one (1) or more employees who perform the majority of their service within the district; is not subject to the valuation limitations in 50 IAC 4.2-4-9 or 50 IAC 5.1-6-9.
Added by P.L. 238-2017,SEC. 8, eff. 7/1/2017.