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House Bill 1046

House Bill 1046

ARCHIVE (2011)

Latest Information

DIGEST OF HB1046 (Updated April 26, 2011 10:15 am - DI 84)

Property tax deduction for new unsold residences. Provides a 50% property tax deduction to a residential builder for a single family residence, townhouse, or condominium that has never been occupied. Specifies that the deduction terminates when title to the structure is transferred to the homeowner. Provides that the deduction applies for one assessment date for which the structure is assessed as partially completed and not more than three assessment dates for which the structure is assessed as fully completed. Provides that a residential builder may not claim deductions for more than three residences in Indiana per assessment date.
Current Status:
Law Enacted
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