# Ind. Code § 6-1.1-12.1-4.1: Application of sections; residentially distressed areas; deduction allowed

> Indiana · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_IN_T6_A1.1_C12.1_S6-1.1-12.1-4.1

## Section

- **Citation:** Ind. Code § 6-1.1-12.1-4.1
- **Heading:** Application of sections; residentially distressed areas; deduction allowed
- **Jurisdiction:** Indiana
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Indiana Code / Title 6 / Article 1.1 / Chapter 12.1 / Section 6-1.1-12.1-4.1

## Text

Sec. 4.1. (a) Section 4 of this chapter applies to economic revitalization areas that are not residentially distressed areas.

(b) This subsection applies to deductions approved before July 1, 2013, for the redevelopment or rehabilitation of property located in economic revitalization areas that are residentially distressed areas. Subject to section 15 of this chapter, the amount of the deduction that a property owner is entitled to receive under section 3 of this chapter for a particular year equals the lesser of:

(1) the assessed value of the improvement to the property after the rehabilitation or redevelopment has occurred; or

(2) the following amount:

TYPE OF DWELLING

AMOUNT

One (1) family dwelling

$74,880

Two (2) family dwelling

$106,080

Three (3) unit multifamily dwelling

$156,000

Four (4) unit multifamily dwelling

$199,680

(c) This subsection applies to deductions approved after June 30, 2013, for the redevelopment or rehabilitation of property located in economic revitalization areas that are residentially distressed areas. Subject to section 15 of this chapter, the amount of the deduction the property owner is entitled to receive under section 3 of this chapter in a residentially distressed area for a particular year equals the product of:

(1) the increase in the assessed value resulting from the rehabilitation or redevelopment; multiplied by

(2) the percentage determined under section 17 of this chapter.

As added by P.L.56-1988, SEC.5. Amended by P.L.3-1989, SEC.36; P.L.65-1993, SEC.4; P.L.6-1997, SEC.58; P.L.20-2004, SEC.9; P.L.219-2007, SEC.30; P.L.288-2013, SEC.9.

## Nearby sections

- [Ind. Code § 6-1.1-12.1-0.3 Legalization of designation of economic revitalization area before February 1, 1991](https://www.frixlaw.com/law-library/statutes/STATE_IN_T6_A1.1_C12.1_S6-1.1-12.1-0.3.md)
- [Ind. Code § 6-1.1-12.1-1 Definitions](https://www.frixlaw.com/law-library/statutes/STATE_IN_T6_A1.1_C12.1_S6-1.1-12.1-1.md)
- [Ind. Code § 6-1.1-12.1-2 Findings by designating body; economic revitalization area; residentially distressed area; conditions; property tax deductions; fees](https://www.frixlaw.com/law-library/statutes/STATE_IN_T6_A1.1_C12.1_S6-1.1-12.1-2.md)
- [Ind. Code § 6-1.1-12.1-2.3 Repealed](https://www.frixlaw.com/law-library/statutes/STATE_IN_T6_A1.1_C12.1_S6-1.1-12.1-2.3.md)
- [Ind. Code § 6-1.1-12.1-2.5 Economic revitalization area; maps; boundaries; resolution; notice; determination; appeal](https://www.frixlaw.com/law-library/statutes/STATE_IN_T6_A1.1_C12.1_S6-1.1-12.1-2.5.md)
- [Ind. Code § 6-1.1-12.1-2.6 Formal tax abatement or incentive request for a project in an excluded city; notice and response](https://www.frixlaw.com/law-library/statutes/STATE_IN_T6_A1.1_C12.1_S6-1.1-12.1-2.6.md)
- [Ind. Code § 6-1.1-12.1-3 Statement of benefits; form; findings; period of deduction; resolution; excluded facilities](https://www.frixlaw.com/law-library/statutes/STATE_IN_T6_A1.1_C12.1_S6-1.1-12.1-3.md)
- [Ind. Code § 6-1.1-12.1-4 Annual deduction; amount; percentage; period of deduction; effect of reassessment](https://www.frixlaw.com/law-library/statutes/STATE_IN_T6_A1.1_C12.1_S6-1.1-12.1-4.md)
- [Ind. Code § 6-1.1-12.1-4.1 Application of sections; residentially distressed areas; deduction allowed](https://www.frixlaw.com/law-library/statutes/STATE_IN_T6_A1.1_C12.1_S6-1.1-12.1-4.1.md)
- [Ind. Code § 6-1.1-12.1-4.5 Statement of benefits; findings by designating body; deduction periods, amounts, and limitations](https://www.frixlaw.com/law-library/statutes/STATE_IN_T6_A1.1_C12.1_S6-1.1-12.1-4.5.md)
- [Ind. Code § 6-1.1-12.1-4.6 Relocation of new manufacturing equipment](https://www.frixlaw.com/law-library/statutes/STATE_IN_T6_A1.1_C12.1_S6-1.1-12.1-4.6.md)
- [Ind. Code § 6-1.1-12.1-4.7 Deduction for new manufacturing equipment; exemptions](https://www.frixlaw.com/law-library/statutes/STATE_IN_T6_A1.1_C12.1_S6-1.1-12.1-4.7.md)
- [Ind. Code § 6-1.1-12.1-4.8 Property owner statement of benefits; findings by designating body; deduction periods, amounts, and limitations](https://www.frixlaw.com/law-library/statutes/STATE_IN_T6_A1.1_C12.1_S6-1.1-12.1-4.8.md)
- [Ind. Code § 6-1.1-12.1-5 Real property application; filing requirements; change in property ownership; assessor review; county auditor; determination; appeal](https://www.frixlaw.com/law-library/statutes/STATE_IN_T6_A1.1_C12.1_S6-1.1-12.1-5.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_IN_T6_A1.1_C12.1_S6-1.1-12.1-4.1. Check the current official text before relying on it. Not legal advice.