Authority: IC 6-1.1-31-1; IC 6-1.1-31.5-3.5

Affected: IC 6-1.1-12-37; IC 6-1.1-20.6; IC 6-1.1-31.5

Sec. 7. Tax and billing software must be able to accept assessed value separated into the gross assessed value of each of the following:

1. (1) Land eligible for the one percent (1%) tax cap under the definition in IC 6-1.1-12-37.
2. (2) Improvements eligible for the one percent (1%) tax cap under the definition in IC 6-1.1-12-37.
3. (3) Land eligible for the two percent (2%) tax cap under the definitions in IC 6-1.1-20.6-0.5, IC 6-1.1-20.6-2.3, and IC 6-1.1-20.6-4.
4. (4) Improvements eligible for the two percent (2%) tax cap under the definitions in IC 6-1.1-20.6-0.5, IC 6-1.1-20.6- 2.3, and IC 6-1.1-20.6-4.
5. (5) Land eligible for the three percent (3%) tax cap under the definition in IC 6-1.1-20.6-2.5.
6. (6) Improvements and personal property eligible for the three percent (3%) tax cap under the definition in IC 6-1.1-20.6- 2.5.

(Department of Local Government Finance; 50 IAC 26-7-7; filed Jan 28, 2011, 3:07 p.m.: 20110223-IR- 050100165FRA; readopted filed Oct 4, 2024, 4:04 p.m.: 20241030-IR-050230833RFA)