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House Bill 1164


House Bill 1164

ARCHIVE (2008)

Latest Information

 

DIGEST OF HB1164 (Updated March 4, 2008 2:27 pm - DI 84)


Property tax deduction for model residences. Subject to certain restrictions, allows a 50% property tax deduction for property taxes first due and payable after 2009 for a model residence for not more than: (1) an assessment date for which the residence is partially assessed; and (2) the first three years for which the residence is fully assessed. Specifies procedures for obtaining a deduction. Provides that not more than three model residences in Indiana owned by the same owner or an affiliated group of owners may qualify for the deduction for an assessment date.
Current Status:
 Law Enacted
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