Sec. 0.3. (a) The counties served by the Eastern Indiana Economic Development District comprise an area that: (1) is at a competitive disadvantage for economic development due to the area’s rural character; (2) faces unique challenges because the area borders another state; (3) consistently ranks among the highest areas in unemployment in Indiana; and (4) […]
Sec. 1. As used in this chapter, “base assessed value” means: (1) the net assessed value of all the taxable property located in a global commerce center as finally determined for the assessment date immediately preceding the effective date of the allocation provision of a resolution adopted under section 18 of this chapter; plus (2) […]
Sec. 10. As used in this chapter, “unit” means a county, city, or town. As added by P.L.203-2005, SEC.2.
Sec. 11. The corporation may do the following: (1) Designate a global commerce center pilot program under section 12 of this chapter. (2) Establish a procedure by which the global commerce center pilot program may be monitored and evaluated on an annual basis. (3) Promote the global commerce center pilot program. As added by P.L.203-2005, […]
Sec. 12. (a) If a district applies to the corporation to have part of the area served by the district designated as a global commerce center, the corporation may approve the district’s application if the corporation determines that the district’s proposed global commerce center meets the following criteria: (1) The proposed global commerce center is […]
Sec. 13. If a global commerce center is designated under section 12 of this chapter, an unlimited number of spokes may be added to the global commerce center at the discretion of the fiscal bodies of the counties served by the district and the district board. As added by P.L.203-2005, SEC.2.
Sec. 14. (a) After a global commerce center is designated under section 12 of this chapter, the district shall send to the department of state revenue: (1) a certified copy of the designation of the global commerce center under section 12 of this chapter; and (2) a complete list of the employers in the global […]
Sec. 15. (a) Before the first business day in October of each year, the department of state revenue shall calculate the income tax incremental amount and the gross retail incremental amount for the preceding state fiscal year for each global commerce center designated under this chapter. (b) Taxpayers operating in the global commerce center shall […]
Sec. 16. (a) The treasurer of state shall establish an incremental tax financing fund for each global commerce center designated under this chapter. The fund shall be administered by the treasurer of state. Money in the fund does not revert to the state general fund at the end of a state fiscal year. (b) The […]
Sec. 17. (a) A county fiscal body in which a hub or spoke is located may allocate three percent (3%) of the tax increment revenues attributable to the hub or spoke to the district if the county fiscal body adopts a resolution under subsection (b). (b) The county fiscal body may adopt a resolution designating […]
Sec. 18. (a) A unit may issue bonds for the purpose of providing public facilities under this chapter. (b) The bonds are payable from any funds available to the unit. (c) The bonds shall be authorized by a resolution of the unit. (d) The terms and form of the bonds shall be set out either […]
Sec. 19. (a) The district shall establish a regional economic development fund. (b) The fund consists of: (1) revenues received under section 16 of this chapter; (2) property taxes allocated to the district under section 17 of this chapter; and (3) any other funds made available to the district for the purposes of economic development […]
Sec. 2. As used in this chapter, “district” means the Eastern Indiana Economic Development District. As added by P.L.203-2005, SEC.2.
Sec. 20. A global commerce center expires fifteen (15) years after it is designated by the corporation. As added by P.L.203-2005, SEC.2.
Sec. 21. (a) The corporation may revoke the corporation’s designation of a global commerce center pilot program at the discretion of the corporation. (b) Notwithstanding a revocation made under subsection (a), a debt or an obligation incurred during the period in which the global commerce center pilot program was in effect remains valid and payable. […]
Sec. 3. As used in this chapter, “high technology activity” has the meaning set forth in IC 36-7-32-7. As added by P.L.203-2005, SEC.2.
Sec. 4. As used in this chapter, “hub” means a regional economic development project that is: (1) selected by a district for development as a global commerce center; and (2) designated as a global commerce center under this chapter. As added by P.L.203-2005, SEC.2.
Sec. 5. As used in this chapter, “income tax base period amount” means the total amount of local income tax (IC 6-3.6) paid by employees employed in the territory comprising a global commerce center with respect to wages and salary earned for work in the global commerce center for the state fiscal year that precedes […]
Sec. 6. As used in this chapter, “income tax incremental amount” means the remainder of: (1) the total amount of local income tax (IC 6-3.6) paid by employees employed in the territory comprising the global commerce center with respect to wages and salary earned for work in the territory comprising the global commerce center for […]
Sec. 7. As used in this chapter, “public facilities” includes a street, a road, a bridge, a storm water or sanitary sewer, a sewage treatment facility, a facility designed to reduce, eliminate, or prevent the spread of identified soil or groundwater contamination, a drainage system, a retention basin, a pretreatment facility, a waterway, a waterline, […]
