Indiana Administrative Code
Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE
Article 10 - ECONOMIC REVITALIZATION AREA DEDUCTION; MARITIME OPPORTUNITY DISTRICT DEDUCTION
Rule 5 - Maritime Opportunity District Deduction
Section 5-1 - Maritime opportunity district deduction
Current through September 18, 2024
Authority: IC 6-1.1-31-1
Affected: IC 6-1.1-40
Sec. 1.
(a) Applications for the maritime opportunity district deduction shall be filed in the same manner as applications for the economic revitalization area deduction as prescribed in 50 IAC 10-3. Applications for maritime opportunity district deductions shall also comply with the requirements of IC 6-1.1-40, and, to the extent there is any conflict between the provisions of 50 IAC 10-3 and IC 6-1.1-40, the provisions of IC 6-1.1-40 shall govern.
(b) The department has prescribed Form MOD-1, Application for Deduction from Assessed Valuation--Maritime Opportunity District (State Form 42963), as the form on which the maritime opportunity district deduction shall be claimed.
(c) The department has prescribed Form MOD-1, Application for Deduction from Assessed Valuation--Maritime Opportunity District must have been installed on or before June 30, 2018.