Tuesday, September 08, 2015
Ind. Gov't. - Yet more on: First it was the big boxes, now the CVS stores ...
The ruling discusses the 2015 legislation beginning at p. 28:
#86. After the Tax Court decided the cases discussed above, the General Assembly enacted 2015 Ind. Acts 249, relevant parts of which are codified in Ind. Code § 6-1.1-4-44 as follows: * * *Since the ILB's earlier post this afternoon, the IBTR website has been updated to include decisions issued during the month of August.
#87. This statute is relevant to these appeals. It limits the sales that may be used in determining the true tax value for properties, like the subject property, that have been part of a sale leaseback transaction. As discussed below, that has ramifications for the experts’ sales comparison analyses in these appeals. But it does not purport to significantly change the true tax value standard as interpreted by the Tax Court.
Posted by Marcia Oddi on September 8, 2015 03:36 PM
Posted to Indiana Government