Indiana Property Tax:  Decision on Loan Resolution Remanded to Department of Local Government Finance to Consider Residents’ Constitutional Challenges

Indiana Property Tax: Decision on Loan Resolution Remanded to Department of Local Government Finance to Consider Residents’ Constitutional Challenges

In Brown et al. v. Dep’t of Local Gov’t Fin. (May 24, 2013), Residents challenged the approval by the Department of Local Government Finance (the agency responsible for, among other things, approving local budgets and tax rates) of the Gregg Township Board’s loan resolution for the March 1, 2010 assessment date.  … [Read more...]

Tax Court Buries Estate’s Constitutional Challenges to Indiana’s Inheritance Tax

Tax Court Buries Estate’s Constitutional Challenges to Indiana’s Inheritance Tax

In Estate of Odle v. Ind. Dep’t of State Rev. (June 28, 2013),  the Estate appealed the Hamilton Superior Court’s determination that the beneficiaries under Odle’s will were properly classified as Class B and C transferees for Indiana inheritance tax purposes.  In its appeal, the Estate argued that the … [Read more...]

In two opinions, Indiana Tax Court affirms property tax assessments of commercial land and manufactured home community

In two opinions, Indiana Tax Court affirms property tax assessments of commercial land and manufactured home community

Tax Court upholds application of 100% influence factor to commercial land; Court refuses to consider newly raised arguments In Kooshtard Property VIII, LLC v. Shelby County Assessor, Cause No. 49T10-1011-TA-58 (April 29, 2013), the Tax Court affirms the Indiana Board of Tax Review’s final determination upholding … [Read more...]

Not Farmed, but Indiana Developer’s Vacant Land Assessed for Agricultural Use

Not Farmed, but Indiana Developer’s Vacant Land Assessed for Agricultural Use

Indiana encourages the development of farmland through a "developer's discount," whereby a developer can purchase the land, hold it for future development, and continue to pay property taxes based on the typically much lower base rate assigned to agricultural land.  On Friday, the Tax Court affirmed that the … [Read more...]

Indiana Tax Court Decides Foreign Source Dividends Are Deductible in Calculating Indiana NOLs

Indiana Tax Court Decides Foreign Source Dividends Are Deductible in Calculating Indiana NOLs

On March 28, 2013, the Indiana Tax Court issued its decision in Caterpillar, Inc. v. Indiana Dept. of State Revenue, holding that dividend income from foreign subsidiaries is deductible when calculating Indiana net operating losses.  The decision presents an opportunity for Indiana taxpayers with income from … [Read more...]