US Lawyer Database

6-1.1-21.2-10. “Tax Increment Revenues”

Sec. 10. As used in this chapter, “tax increment revenues” means the property taxes attributable to the assessed value of property in excess of the base assessed value. As added by P.L.192-2002(ss), SEC.44.

6-1.1-21.2-11. Tax Increment Replacement Amount; Calculation

Sec. 11. (a) The governing body shall estimate the tax increment replacement amount for each allocation area under the jurisdiction of the governing body for the next calendar year on the schedule prescribed by the department of local government finance. (b) The tax increment replacement amount is the greater of zero (0) or the net […]

6-1.1-21.2-12. Governing Body Action to Raise Tax Increment Replacement Amount; Review and Action by Legislative Body; Procedure; Funding of Certain Amount by Metropolitan Development Commission From Personal Property Taxes

Sec. 12. (a) This section applies if the tax increment replacement amount for an allocation area in a district is greater than zero (0). (b) A governing body may, after a public hearing, do the following: (1) Impose a special assessment on the owners of property that is located in an allocation area to raise […]

6-1.1-21.2-14. Repealed

As added by P.L.192-2002(ss), SEC.44. Amended by P.L.256-2003, SEC.26. Repealed by P.L.146-2008, SEC.803.