§ 6-1-1-12-8-7

(a) If ownership of the residence in inventory changes:(1) a new owner that is a residential builder for which the property is a residence in inventory may claim the deduction under this chapter; and(2) the deduction may not be applied for an assessment date other than the assessment dates to which the deduction could have applied under section 3 of this chapter if ownership had not changed.(b) A person who owns a residence in inventory and claims a deduction under this chapter shall provide to the county auditor a notice that:(1) informs the auditor of a transfer of the ownership of the residence in inventory; and(2) indicates whether the new owner is eligible to receive a deduction under this chapter.The notice required by this subsection must be submitted to the county auditor at the same time that a sales disclosure form is filed under IC 6-1.1-5.5.As added by P.L.175-2011, SEC.2.