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Enterprise Zone + Abatement

Enterprise Zone Deduction

IC 6-1.1-45-10

A deduction for the increased value of an enterprise zone business property due to investment by the business.

This deduction can be claimed up to 10 years.

Enterprise Zone Deduction Application

Abatements

IC 6-1.1-12.1

Property tax savings granted by the designating body for qualified abatable property within a economic revitalization area.

Real property tax abatements are based on increases in assessment due to projects such as new structures, additions or repairs.

Personal property abatements are based on improvements for equipment or machinery in production, manufacturing, fabrication, assembly, or processing.

STATEMENT OF BENEFITS PERSONAL PROPERTY (FORM SB-1 / PP) Application

STATEMENT OF BENEFITS REAL ESTATE IMPROVEMENT (FORM SB-1 / Real Property) Application

COMPLIANCE WITH STATEMENT OF BENEFITS PERSONAL PROPERTY (FORM CF/PP) Application

COMPLIANCE WITH STATEMENT OF BENEFITS REAL ESTATE IMPROVEMENTS (FORM CF-1 Real Property) Application

APPLICATION FOR DEDUCTION FROM ASSESSED VALUATION OF STRUCTURES IN ECONOMIC REVITALIZATION AREAS (ERA) (FORM 322/RE) Application