Indiana Code Title 6. Taxation § 6-1.1-45-9

Sec. 9. (a) Subject to subsection (d), a taxpayer that makes a qualified investment is entitled to a deduction from the assessed value of the taxpayer's enterprise zone property located at the enterprise zone location for which the taxpayer made the qualified investment.  The amount of the deduction is equal to the remainder of:

(b) Subject to subsection (c), a taxpayer that makes a qualified investment is entitled to a deduction from the assessed value of the taxpayer's entrepreneur and enterprise district property located at the entrepreneur and enterprise district location for which the taxpayer made the qualified investment.  The amount of the deduction is equal to the remainder of:

(c) To receive the deduction allowed under subsection (a) or (b) for a particular year, a taxpayer must comply with the conditions set forth in this chapter.

(d) A taxpayer that makes a qualified investment in an enterprise zone established under IC 5-28-15-11 that is under the jurisdiction of a military base reuse authority board created under IC 36-7-14.5 or IC 36-7-30-3 is entitled to a deduction under this section only if the deduction is approved by the legislative body of the unit that established the military base reuse authority board.

(e) Except as provided in subsection (d), a taxpayer that makes a qualified investment at an enterprise zone location or an entrepreneur and enterprise district location that is located within an allocation area, as defined by IC 6-1.1-21.2-3, is entitled to a deduction under this section only if the deduction is approved by the: