50 IAC 5.1-6-11 Abnormal obsolescence

Sec. 11. (a) An adjustment for abnormal obsolescence, as defined in 50 IAC 5.1-11-1(3), may be permitted in accordance with 50 IAC 5.1-11-3. (b) No adjustment will be allowed for normal obsolescence as defined in 50 IAC 5.1-11-1(2). (c) The dollar amount of the adjustment for the depreciable personal property under this section may not exceed the tentative true tax value as computed in sections 7 and 8 of this rule for the specific unit or units of depreciable personal property on which the taxpayer claims the adjustment.