Under IC 4-22-2-24, notice is hereby given that on September 11, 2012, at 10:00 a.m. EDT, at the Indiana Government Center North, 100 North Senate Avenue, Room N1058, Department of Local Government Finance Conference Room, Indianapolis, Indiana, the Department of Local Government Finance will hold a public hearing on the proposed rule to add 50 IAC 28 to establish formal procedures to govern the application for the residence in inventory deduction.

Under IC 6-1.1-12.8, the Department shall adopt rules for the implementation of the deduction available to residences kept in inventory. The Department estimates that the proposed rule will not impose requirements or costs under IC 4-22-2-24(d)(3). Because no financial impact is expected as a result of this rule, no supporting data, studies, or analyses were relied upon by the Department in its determination that the rule will have no, or minimal, fiscal impact on state or local government since no new responsibilities have been added by the rule.

Copies of the proposed rule are available on the Department of Local Government Finance website at:

Copies of these rules are now on file at the Indiana Government Center North, 100 North Senate Avenue, Room N1058 and Legislative Services Agency, Indiana Government Center North, 100 North Senate Avenue, Room N201, Indianapolis, Indiana and are open for public inspection.