Indiana Administrative Code
Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE
Article 10 - ECONOMIC REVITALIZATION AREA DEDUCTION; MARITIME OPPORTUNITY DISTRICT DEDUCTION
Rule 3 - Filing Procedures
Section 3-2 - Filing procedures for the deduction for new eligible equipment

Universal Citation: 50 IN Admin Code 3-2

Current through September 18, 2024

Authority: IC 6-1.1-12.1-13; IC 6-1.1-31-1

Affected: IC 6-1.1-3-7; IC 6-1.1-12.1

Sec. 2.

(a) A person who desires to obtain the economic revitalization area deduction for new eligible equipment must file a certified deduction application on forms prescribed by the department, in duplicate, with the auditor of the county in which the new eligible equipment is located. A person who timely files a personal property return under IC 6-1.1-3-7(a) for the year in which the new eligible equipment is installed must file the application between January 1 and May 15 of that year. A person who obtains a filing extension under IC 6-1.1-3-7(b) for the year in which the new eligible equipment is installed must file the application as an attachment to the person's personal property return not later than the extended due date.

(b) The department has prescribed Form 103-ERA, Schedule of Deduction from Assessed Valuation Personal Property in Economic Revitalization Area State Form 52503), as the form on which the economic revitalization area deduction for the installation of new eligible equipment.

(c) A deduction application for new eligible equipment must be filed under this section in the year in which the new eligible equipment is installed.

Disclaimer: These regulations may not be the most recent version. Indiana may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.