6-1.1-21.2-1. Repealed
As added by P.L.192-2002(ss), SEC.44. Repealed by P.L.146-2008, SEC.803.
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 […]
6-1.1-21.2-13. Repealed
As added by P.L.192-2002(ss), SEC.44. Repealed by P.L.146-2008, SEC.803.
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 Repealed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 Repealed by P.L.146-2008, SEC.803.
6-1.1-21.2-15. Special Assessment and Tax Collections Deposited in Special Fund; Inapplicability of Certain Provisions to Special Assessments and Taxes; Exception From Levy Limits
Sec. 15. (a) As the special assessment or tax imposed under this chapter is collected by the county treasurer, it shall be transferred to the governing body and accumulated and kept in the special fund for the allocation area. (b) A special assessment or tax levied under this chapter is not subject to IC 6-1.1-20. […]
6-1.1-21.2-16. Adjustment for Tax Benefit
Sec. 16. (a) This section applies if the tax increment replacement amount for an allocation area in a district is less than zero (0). (b) The governing body of a district shall increase the base assessed value of property in the allocation area to an amount sufficient so that the tax increment replacement amount is […]
6-1.1-21.2-2. Applicability of Definitions in Ic 36
Sec. 2. Except as otherwise provided, the definitions in IC 36 apply throughout this chapter. As added by P.L.192-2002(ss), SEC.44.
6-1.1-21.2-3. “Allocation Area”
Sec. 3. As used in this chapter, “allocation area” refers to an area that is established under the authority of any of the following statutes and in which tax increment revenues are collected: (1) IC 6-1.1-39. (2) IC 8-22-3.5. (3) IC 36-7-14. (4) IC 36-7-14.5. (5) IC 36-7-15.1. (6) IC 36-7-30. (7) IC 36-7-30.5. As […]
6-1.1-21.2-4. “Base Assessed Value”
Sec. 4. As used in this chapter, “base assessed value” means the base assessed value as that term is defined or used in: (1) IC 6-1.1-39-5(h); (2) IC 8-22-3.5-9(a); (3) IC 8-22-3.5-9.5; (4) IC 36-7-14-39(a); (5) IC 36-7-14-39.2; (6) IC 36-7-14-39.3(c); (7) IC 36-7-14-48; (8) IC 36-7-14.5-12.5; (9) IC 36-7-15.1-26(a); (10) IC 36-7-15.1-26.2(c); (11) IC […]
6-1.1-21.2-5. “District”
Sec. 5. As used in this chapter, “district” refers to the following: (1) An economic development district under IC 6-1.1-39. (2) An eligible entity (as defined in IC 8-22-3.5-2.5). (3) A redevelopment district, for an allocation area established under: (A) IC 36-7-14; or (B) IC 36-7-15.1. (4) A special taxing district, as described in: (A) […]
6-1.1-21.2-6. “Governing Body”
Sec. 6. As used in this chapter, “governing body” means the following: (1) For an allocation area created under IC 6-1.1-39, the fiscal body of the county (as defined in IC 36-1-2-6). (2) For an allocation area created under IC 8-22-3.5, the commission (as defined in IC 8-22-3.5-2). (3) For an allocation area created under […]
6-1.1-21.2-6.6. “Obligation”
Sec. 6.6. As used in this chapter, “obligation” means an obligation to repay: (1) the principal and interest on bonds; (2) lease rentals on leases; or (3) any other contractual obligation; payable from tax increment revenues. The term includes a guarantee of repayment from tax increment revenues if other revenues are insufficient to make a […]
6-1.1-21.2-7. “Property Taxes”
Sec. 7. As used in this chapter, “property taxes” means: (1) property taxes, as defined in: (A) IC 6-1.1-39-5(g); (B) IC 36-7-14-39(a); (C) IC 36-7-14-39.2; (D) IC 36-7-14-39.3(c); (E) IC 36-7-14.5-12.5; (F) IC 36-7-15.1-26(a); (G) IC 36-7-15.1-26.2(c); (H) IC 36-7-15.1-53(a); (I) IC 36-7-15.1-55(c); (J) IC 36-7-30-25(a)(3); (K) IC 36-7-30-26(c); (L) IC 36-7-30.5-30; or (M) IC […]
6-1.1-21.2-8. “Special Fund”
Sec. 8. As used in this chapter, “special fund” means: (1) the special funds referred to in IC 6-1.1-39-5; (2) the special funds referred to in IC 8-22-3.5-9(e); (3) the allocation fund referred to in IC 36-7-14-39(b)(3); (4) the allocation fund referred to in IC 36-7-14.5-12.5(d); (5) the special fund referred to in IC 36-7-15.1-26(b)(3); […]
6-1.1-21.2-9. “Tax Increment Replacement Amount”
Sec. 9. As used in this chapter, “tax increment replacement amount” means the tax increment replacement amount determined under section 11 of this chapter. As added by P.L.192-2002(ss), SEC.44.