Form UD-ERA (State Form 52447) Schedule of Deduction From Assessed Valuation Utility Distributable Property in Economic Revitalization Area - Indiana

What Is Form UD-ERA (State Form 52447)?

This is a legal form that was released by the Indiana Department of Local Government Finance - a government authority operating within Indiana. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form UD-ERA?
A: Form UD-ERA (State Form 52447) is the Schedule of Deduction From Assessed Valuation Utility Distributable Property in Economic Revitalization Area.

Q: What is the purpose of Form UD-ERA?
A: The purpose of Form UD-ERA is to claim a deduction from the assessed valuation of utility distributable property in an Economic Revitalization Area in Indiana.

Q: Who needs to file Form UD-ERA?
A: Property owners or operators of utility distributable property in an Economic Revitalization Area in Indiana need to file Form UD-ERA.

Q: What is a deduction from assessed valuation?
A: A deduction from assessed valuation is a reduction in the assessed value of a property, which in turn reduces the property taxes owed.

Q: What is utility distributable property?
A: Utility distributable property refers to tangible property used by a public utility that is necessary for the production, generation, transmission, or distribution of utility services.

Q: What is an Economic Revitalization Area?
A: An Economic Revitalization Area is an area designated by local government to promote economic development and revitalization through certain tax incentives.

Q: Are there any qualifications for the deduction?
A: Yes, there are specific qualifications that need to be met in order to claim the deduction. It is advisable to review the instructions and eligibility criteria provided with the form.