Ind. Code ch. 6-1.1-10.3

in effect

Ind. Code § 6-1.1-10.3-1 "Business personal property"

Sec. 1. As used in this chapter, "business personal property" means personal property that: (1) is otherwise subject to assessment and taxation under this article; and (2) is used in a trade or business or otherwise held, used, or consumed in connection with the production of income. The term does not include mobile homes assessed under IC 6-1.1-7, personal property held as an investment, or personal property that is assessed under IC 6-1.1-8 and is owned by a public utility subject to regulation by the Indiana utility regulatory commission. However, the term does include the personal property of a telephone company or a communications service provider if that personal property meets the requirements of subdivisions (1) through (2), regardless of whether that personal property is assessed under IC 6-1.1-8 and regardless of whether the telephone company or communications service provider is subject to regulation by the Indiana utility regulatory commission. As added by P.L.80-2014, SEC.2.

Ind. Code § 6-1.1-10.3-2 "Local income tax council"

Note: This version of section effective until 7-1-2028. See also following repeal of this section, effective 7-1-2028. Sec. 2. As used in this chapter, "local income tax council" refers to the local income tax council established by IC 6-3.6-3-1 for a county. As added by P.L.80-2014, SEC.2. Amended by P.L.197-2016, SEC.8.

Ind. Code § 6-1.1-10.3-2 Repealed

Revisor's Note: The effective date of this section, as repealed by P.L.68-2025, was amended by P.L.157-2026, SEC.290 to 7-1-2028. Note: This repeal of section effective 7-1-2028. See also preceding version of this section, effective until 7-1-2028. As added by P.L.80-2014, SEC.2. Amended by P.L.197-2016, SEC.8. Repealed by P.L.68-2025, SEC.15.

Ind. Code § 6-1.1-10.3-3 "Exemption ordinance"

Note: This version of section effective until 7-1-2028. See also following version of this section, effective 7-1-2028. Sec. 3. As used in this chapter, "exemption ordinance" refers to an ordinance adopted under section 5 of this chapter by a local income tax council. As added by P.L.80-2014, SEC.2. Amended by P.L.197-2016, SEC.9.

Ind. Code § 6-1.1-10.3-3 "Exemption ordinance"

Ind. Code § 6-1.1-10.3-4 "New personal property"

Sec. 4. As used in this chapter, "new personal property" means business personal property that: (1) a taxpayer places in service after the later of the date the exemption ordinance is adopted or a date specified in the exemption ordinance; and (2) has not previously been used in Indiana before the taxpayer acquires the business personal property. As added by P.L.80-2014, SEC.2.

Ind. Code § 6-1.1-10.3-5 Adoption of exemption ordinance by local income tax council

Note: This version of section effective until 7-1-2028. See also following version of this section, effective 7-1-2028. Sec. 5. (a) A local income tax council may adopt an exemption ordinance that exempts new personal property located in the county from property taxation as provided in section 6 of this chapter. (b) For purposes of adopting an exemption ordinance under this chapter, a local income tax council is comprised of the same members as the local income tax council that is established by IC 6-3.6-3-1 for the county, regardless of whether a local income tax is in effect in the county and regardless of how the local income tax in effect in the county is allocated. Except as provided in this chapter, the local income tax council shall use the same procedures that apply under IC 6-3.6-3 when acting under this chapter. (c) Before adopting an exemption ordinance under this section, a local income tax council must conduct a public hearing on the proposed exemption ordinance. The local income tax council must publish notice of the public hearing in accordance with IC 5-3-1. (d) The local income tax council shall provide a certified copy of an adopted exemption ordinance to the department of local government finance and the county auditor. As added by P.L.80-2014, SEC.2. Amended by P.L.197-2016, SEC.10.

Ind. Code § 6-1.1-10.3-5 Adoption of exemption ordinance by county adopting body

Revisor's Note: The effective date of this section, as amended by P.L.68-2025, was amended by P.L.157-2026, SEC.290 to 7-1-2028. Note: This version of section effective 7-1-2028. See also preceding version of this section, effective until 7-1-2028. Sec. 5. (a) A county adopting body specified in IC 6-3.6-3-1(a) may adopt an exemption ordinance that exempts new personal property located in the county from property taxation as provided in section 6 of this chapter. (b) Except as provided in this chapter, the county adopting body shall use the same procedures that apply to county adopting bodies under IC 6-3.6-3 when acting under this chapter. (c) Before adopting an exemption ordinance under this section, a county adopting body must conduct a public hearing on the proposed exemption ordinance. The county adopting body must publish notice of the public hearing in accordance with IC 5-3-1. (d) The county adopting body shall provide a certified copy of an adopted exemption ordinance to the department of local government finance and the county auditor. As added by P.L.80-2014, SEC.2. Amended by P.L.197-2016, SEC.10; P.L.68-2025, SEC.17.

Ind. Code § 6-1.1-10.3-6 Application of exemption ordinance to all new personal property

Sec. 6. An exemption ordinance adopted under this chapter must exempt all new personal property. As added by P.L.80-2014, SEC.2.

Ind. Code § 6-1.1-10.3-7 Repeal or amendment of exemption ordinance

Note: This version of section effective until 7-1-2028. See also following version of this section, effective 7-1-2028. Sec. 7. A local income tax council may repeal or amend an exemption ordinance. However, if a local income tax council repeals or amends an exemption ordinance, any new personal property that was exempt under the exemption ordinance on the date the new personal property was placed into service by a taxpayer remains exempt from property taxation, regardless of whether or not the ownership of the new personal property changes after the date the exemption ordinance is amended or repealed. As added by P.L.80-2014, SEC.2. Amended by P.L.197-2016, SEC.11.

Ind. Code § 6-1.1-10.3-7 Repeal or amendment of exemption ordinance

Revisor's Note: The effective date of this section, as amended by P.L.68-2025, was amended by P.L.157-2026, SEC.290 to 7-1-2028. Note: This version of section effective 7-1-2028. See also preceding version of this section, effective until 7-1-2028. Sec. 7. A county adopting body specified in IC 6-3.6-3-1(a) may repeal or amend an exemption ordinance. However, if a county adopting body repeals or amends an exemption ordinance, any new personal property that was exempt under the exemption ordinance on the date the new personal property was placed into service by a taxpayer remains exempt from property taxation, regardless of whether or not the ownership of the new personal property changes after the date the exemption ordinance is amended or repealed. As added by P.L.80-2014, SEC.2. Amended by P.L.197-2016, SEC.11; P.L.68-2025, SEC.18.

Ind. Code § 6-1.1-10.3-8 Application not required

Sec. 8. A taxpayer is not required to file an application or a personal property tax return to qualify for an exemption under this chapter. As added by P.L.80-2014, SEC.2.

Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/6Fetched: 10/17/2026