{"data":{"id":"us-in/ic-6-1.1-46.2-7","jurisdiction":"us-in","citation":"IC 6-1.1-46.2-7","heading":"Entitlement to deduction; eligible vacant building used for commercial or industrial purposes","body":"Sec. 7. Except as otherwise provided in this chapter, if an application is approved by resolution of the district board and by resolution of the fiscal body of the municipality under section 6 of this chapter, the owner of the eligible vacant building is entitled to a deduction from the assessed value of the building if the property owner or a tenant of the property owner occupies the eligible vacant building and uses it for commercial or industrial purposes. The property owner is entitled to the deduction:\n(1) for the first year in which the property owner or a tenant of the property owner occupies the eligible vacant building and uses it for commercial or industrial purposes; and\n(2) for subsequent years determined in the abatement schedule under section 8 of this chapter in which the property owner or a tenant of the property owner occupies the eligible vacant building and uses it for commercial or industrial purposes.","path":["TITLE 6. TAXATION","ARTICLE 1.1. PROPERTY TAXES","Chapter 46.2. Abatement Deduction for Vacant Buildings in an Entrepreneur and Enterprise District"],"source_url":"https://iga.in.gov/ic/2026/Title_6.html#6-1.1-46.2-7","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-09T01:51:39Z","sha256":"45718fb013345f2951bf970c63fd94636d1bae6fcff575f3b1b5633c6d7d8bbd","source_id":"us-in","stale":false,"prev":"us-in/ic-6-1.1-46.2-6","next":"us-in/ic-6-1.1-46.2-8"},"notice":"GroundRules: Original legal text. Not legal advice."}