Indiana Administrative Code
Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE
Article 22 - INVESTMENT DEDUCTION
Rule 11 - Change of Ownership
Section 11-1 - Change of ownership
Universal Citation: 50 IN Admin Code 11-1
Current through March 20, 2024
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.
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