6-1.1-12.1-18. Enhanced Abatement for Certain Business Personal Property; Specification of Percentage Amount; Maximum Duration; Review of Compliance With Statement of Benefits
Sec. 18. (a) This section applies to a deduction provided under section 4.5 of this chapter for new personal property with respect to a statement of benefits approved after June 30, 2015. (b) As used in this section, “business personal property” means personal property that: (1) is otherwise subject to assessment and taxation under this […]
6-1.1-12.1-6. Multiple Deductions Barred
Sec. 6. (a) A property owner may not receive a deduction under this chapter for repairs or improvements to real property if the property owner receives a deduction under either IC 6-1.1-12-18 (before its expiration) or IC 6-1.1-12-22 (before its expiration) for those same repairs or improvements. This subsection expires January 1, 2033. (b) A […]
6-1.1-12.1-7. Economic Development Target Area; Designation
Sec. 7. (a) After favorable recommendation by an economic development commission, the fiscal body of a city or town may by ordinance designate as an economic development target area a specific geographic territory that: (1) has become undesirable or impossible for normal development and occupancy because of a lack of development, cessation of growth, deterioration […]
6-1.1-12.1-8. Publishing and Filing Deduction Information
Sec. 8. (a) Not later than December 31 of each year, the county auditor shall publish the following in a newspaper of general interest and readership and not one of limited subject matter: (1) A list of the deduction applications that were filed under this chapter during that year that resulted in deductions being applied […]
6-1.1-12.1-9. Deadline for Approval of Statement of Benefits; Extension
Sec. 9. Notwithstanding any other provision of this chapter, a designating body may not approve a statement of benefits for a deduction under section 3, 4.5, or 4.8 of this chapter after the approval deadline, which is determined in the following manner: (1) The initial approval deadline is December 31, 2011. (2) Subject to subdivision […]
6-1.1-12.1-9.5. Waiver of Noncompliance
Sec. 9.5. (a) As used in this section, “clerical error” includes mathematical errors and omitted signatures. (b) Except as provided in section 9 of this chapter, the designating body may by resolution waive noncompliance with the following requirements in this chapter with respect to a particular deduction under this chapter: (1) a filing deadline applicable […]
6-1.1-12.1-4.7. Deduction for New Manufacturing Equipment; Exemptions
Sec. 4.7. (a) Section 4.5(d) of this chapter does not apply to new manufacturing equipment located in a township having a population of more than three thousand nine hundred (3,900) and less than seven thousand (7,000) located in a county having a population of more than forty-three thousand (43,000) and less than forty-three thousand five […]
6-1.1-12.1-4.8. Property Owner Statement of Benefits; Findings by Designating Body; Deduction Periods, Amounts, and Limitations
Sec. 4.8. (a) A property owner that is an applicant for a deduction under this section must provide a statement of benefits to the designating body. (b) If the designating body requires information from the property owner for the designating body’s use in deciding whether to designate an economic revitalization area, the property owner must […]
6-1.1-12.1-5. Real Property Application; Filing Requirements; Change in Property Ownership; Assessor Review; County Auditor; Determination; Appeal
Sec. 5. (a) A property owner who desires to obtain the deduction provided by section 3 of this chapter must file a certified deduction application, on forms prescribed by the department of local government finance, with the auditor of the county in which the property is located. Except as otherwise provided in subsection (b) or […]
6-1.1-12.1-5.1. Application; Compliance With Statement of Benefits
Sec. 5.1. (a) This subsection applies to all deductions under section 3 of this chapter for property located in a residentially distressed area. In addition to the requirements of section 5(c) of this chapter, a deduction application filed under section 5 of this chapter must contain information showing the extent to which there has been […]