36-7.5-4.5-19. Steering Committee; Establishment; Members; Meetings; Duties
Sec. 19. (a) There is established a steering committee to provide information and guidance to the development authority on development within the districts located in a member county. (b) The steering committee is comprised of one (1) individual appointed by the executive of each municipality located in a member county in which a district could […]
36-7.5-4.5-5. “Development Project”
Sec. 5. As used in this chapter, “development project” includes only development projects that benefit the corridor. As added by P.L.248-2017, SEC.10.
36-7.5-4.5-20. South Shore Improvement and Development Fund; Administration; Account for Each Transit Development District; Distributions to the Fund; Uses
Sec. 20. (a) If a district is established in a member county, the development authority shall create a south shore improvement and development fund. The development authority shall establish a separate account in the fund for each district. If more than one (1) municipality has territory within the district, a subaccount shall be established for […]
36-7.5-4.5-6. “District”
Sec. 6. As used in this chapter, “district” refers to a transit development district established by the development authority under this chapter. As added by P.L.248-2017, SEC.10.
36-7.5-4.5-21. Allocation and Distribution of Incremental Property Tax Revenue in Transit Development District
Sec. 21. (a) If a district is established, the county auditor in each county in which the district is located shall distribute to the development authority, or the redevelopment commission that would otherwise receive the incremental property tax revenues under IC 36-7-14 in the case of a cash participant county, the lesser of: (1) the […]
36-7.5-4.5-7. “Gross Retail Tax Base Period Amount”
Sec. 7. As used in this chapter, “gross retail tax base period amount” means the aggregate amount of state gross retail taxes remitted under IC 6-2.5 by retail merchants for the calendar year that precedes the date on which the district was established under this chapter as determined by the department. As added by P.L.248-2017, […]
36-7.5-4.5-8. “Gross Retail Tax Increment Revenue”
Sec. 8. As used in this chapter, “gross retail tax increment revenue” means the remainder of: (1) the aggregate amount of state gross retail taxes that are remitted under IC 6-2.5 by retail merchants during a calendar year with respect to the retail merchants’ operations in the district; minus (2) the gross retail tax base […]
36-7.5-4.5-9. “Local Income Tax Base Period Amount”
Sec. 9. As used in this chapter, “local income tax base period amount” means the total amount of local income tax (IC 6-3.6) paid by employees employed within a district with respect to wages and salary earned for work in the district for the calendar year that precedes the date on which the district was […]
36-7.5-4.5-10. “Local Income Tax Increment Revenue”
Sec. 10. As used in this chapter, “local income tax increment revenue” means the remainder of: (1) the total amount of local income tax (IC 6-3.6) paid by employees employed in the district with respect to wages and salary earned for work in the territory comprising the district for a particular calendar year; minus (2) […]
36-7.5-4.5-11. “Property Tax Increment Revenue”
Sec. 11. As used in this chapter, “property tax increment revenue” means the property taxes attributable to the assessed value of property located in a district in excess of the base assessed value. As added by P.L.248-2017, SEC.10.