Indiana Administrative Code
Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE
Article 25 - DEDUCTION FOR MODEL RESIDENCE
Rule 4 - Limitations on Model Residence Deduction
Section 4-1 - Limit of three model residence deductions
Universal Citation: 50 IN Admin Code 4-1
Current through September 18, 2024
Authority: IC 6-1.1-12.6-9
Affected: IC 6-1.1-12.6
Sec. 1.
(a) A property owner who is not an affiliated group as defined in 50 IAC 25-2-2 may not receive the deduction for more than three (3) model residences in Indiana for a particular assessment date.
(b) Owners of model residences who are part of an affiliated group as defined in 50 IAC 25-2-2 may not exceed an aggregate of three (3) model residence deductions for a particular assessment date.
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