{"data":{"id":"us-in/ic-6-1.1-12.6-7","jurisdiction":"us-in","citation":"IC 6-1.1-12.6-7","heading":"Application of the deduction on change of ownership","body":"Sec. 7. (a) If ownership of the model residence changes:\n(1) a new owner that continues to use the property as a model residence may claim the deduction under this chapter; and\n(2) the deduction may not be applied for an assessment date other than the assessment dates to which the deduction could have applied under section 2 of this chapter if ownership had not changed.\n(b) A person who owns a model residence and claims a deduction under this chapter shall provide to the county auditor a notice that:\n(1) informs the auditor of a transfer of the ownership of the model residence; and\n(2) indicates whether the new owner is eligible to receive a deduction under this chapter.\nThe notice required by this subsection must be submitted to the county auditor at the same time that a sales disclosure form is filed under IC 6-1.1-5.5.","path":["TITLE 6. TAXATION","ARTICLE 1.1. PROPERTY TAXES","Chapter 12.6. Deduction for Model Residence"],"source_url":"https://iga.in.gov/ic/2026/Title_6.html#6-1.1-12.6-7","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-09T01:51:39Z","sha256":"60b847989b710ddb01eb147d6793f746a55dd667316e1c53a9dac6ed554050fa","source_id":"us-in","stale":false,"prev":"us-in/ic-6-1.1-12.6-6","next":"us-in/ic-6-1.1-12.6-8"},"notice":"GroundRules: Original legal text. Not legal advice."}