Sec. 0.3. Notwithstanding any other law, a designating body’s actions taken before February 1, 1991, in retroactively designating an economic revitalization area are legalized and validated. As added by P.L.220-2011, SEC.121.
Sec. 1. For purposes of this chapter: (1) “Economic revitalization area” means an area which is within the corporate limits of a city, town, or county which has become undesirable for, or impossible of, normal development and occupancy because of a lack of development, cessation of growth, deterioration of improvements or character of occupancy, age, […]
Sec. 10. (a) This section applies to a town having a population of more than one thousand (1,000) located in a county having a population of more than twenty-eight thousand (28,000) and less than twenty-eight thousand one hundred eighty-one (28,181). (b) Notwithstanding sections 3 and 4.5 of this chapter, the submission of a statement of […]
As added by P.L.25-1995, SEC.25. Amended by P.L.4-2005, SEC.36. Repealed by P.L.53-2014, SEC.71.
Sec. 11.3. (a) This section applies only to the following requirements: (1) Failure to provide the completed statement of benefits form to the designating body before the hearing required by section 2.5(c) of this chapter. (2) Failure to submit the completed statement of benefits form to the designating body before the: (A) initiation of the […]
Sec. 12. (a) A property owner that has received a deduction under section 3, or 4.5 of this chapter is subject to the provisions of this section if the designating body adopts a resolution incorporating the provisions of this section for the economic revitalization area in which the property owner is located. (b) If: (1) […]
Sec. 12.5. Except as provided in section 12(f) of this chapter, if a county or municipality receives a reimbursement, repayment, or penalty from a taxpayer on account of the taxpayer’s failure to comply with the statement of benefits provided by the taxpayer or on account of the taxpayer’s failure to comply with any other requirement […]
Sec. 13. The department of local government finance shall adopt rules under IC 4-22-2 to implement this chapter. As added by P.L.245-2003, SEC.12.
Sec. 14. (a) This section does not apply to: (1) a deduction under section 3 of this chapter for property located in a residentially distressed area; or (2) any other deduction under section 3 or 4.5 of this chapter for which a statement of benefits was approved before July 1, 2004. (b) A property owner […]
Sec. 15. (a) If: (1) as the result of an error by a taxpayer the county auditor applies a deduction under this chapter for a particular assessment date in an amount that is less than the amount to which the taxpayer is entitled under this chapter; and (2) the taxpayer is entitled to a correction […]
As added by P.L.173-2011, SEC.8. Repealed by P.L.288-2013, SEC.19.
Sec. 17. (a) A designating body may provide to a business that is established in or relocated to a revitalization area and that receives a deduction under section 4 or 4.5 of this chapter an abatement schedule based on the following factors: (1) The total amount of the taxpayer’s investment in real and personal property. […]
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 […]
Note: This version of section effective 7-1-2022. See also preceding version of this section, effective until 7-1-2022. Sec. 2. (a) A designating body may find that a particular area within its jurisdiction is an economic revitalization area. However, the deduction provided by this chapter for economic revitalization areas not within a city or town shall […]
Note: This version of section effective until 7-1-2022. See also following version of this section, effective 7-1-2022. Sec. 2. (a) A designating body may find that a particular area within its jurisdiction is an economic revitalization area. However, the deduction provided by this chapter for economic revitalization areas not within a city or town shall […]
As added by P.L.64-2004, SEC.6 and P.L.81-2004, SEC.50. Repealed by P.L.216-2005, SEC.9.
Sec. 2.5. (a) If a designating body finds that an area in its jurisdiction is an economic revitalization area, it shall either: (1) prepare maps and plats that identify the area; or (2) prepare a simplified description of the boundaries of the area by describing its location in relation to public ways, streams, or otherwise. […]
Sec. 2.6. (a) This section applies only to a county having a consolidated city. (b) As used in this section “excluded city” has the meaning set forth in IC 36-3-1-7. (c) A designating body or a contracted entity working on the designating body’s behalf that receives a formal tax abatement or incentive request for a […]
Sec. 3. (a) An applicant must provide a statement of benefits to the designating body. If the designating body requires information from the applicant for economic revitalization area status for use in making its decision about whether to designate an economic revitalization area, the applicant shall provide the completed statement of benefits form to the […]
Sec. 4. (a) Except as provided in section 2(i)(4) of this chapter, and subject to section 15 of this chapter, the amount of the deduction which the property owner is entitled to receive under section 3 of this chapter for a particular year equals the product of: (1) the increase in the assessed value resulting […]
