IC 6-1.1-45-12: Deduction limitation; claiming deduction after expiration of zone

Sec. 12. (a) Subject to subsection (b), a taxpayer may claim a deduction under this chapter for property other than property located in a consolidated city for an assessment date that occurs after:

(1) the expiration of the enterprise zone in which the enterprise zone property for which the taxpayer made the qualified investment is located; or

(2) the expiration of the entrepreneur and enterprise district in which the entrepreneur and enterprise district property for which the taxpayer made the qualified investment under IC 5-28-15.5 is located.

(b) A taxpayer may not claim a deduction under this chapter for more than ten (10) years.