Indiana Administrative Code
Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE
Article 25 - DEDUCTION FOR MODEL RESIDENCE
Rule 5 - Change of Ownership
Section 5-1 - Application of the deduction upon change of ownership
Universal Citation: 50 IN Admin Code 5-1
Current through September 18, 2024
Authority: IC 6-1.1-12.6-9
Affected: IC 6-1.1-12.6
Sec. 1.
If ownership of the model residence changes:
(1) a new owner that continues to use the property as a model residence may claim the deduction under this rule; and
(2) the deduction only applies for the assessment date to which the deduction would have applied had the ownership not changed.
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