Property Tax Alert: Indiana

August 2005

Effective January 1, 2006, an enterprise zone investment deduction against Indiana property tax is enacted for taxpayers who make qualified investments relating to an enterprise zone location in which the taxpayer's zone business is located. The deduction includes the purchase of a building; the purchase of new manufacturing or production equipment; costs associated with the repair, rehabilitation, or modernization of an existing building and related improvements; onsite infrastructure improvements; the construction of a new building; and costs associated with retooling existing machinery.

Please contact Rash & Associates for more information.