Indiana § 36-7-26-25 Maximization of use of tax increment financing by city; property tax
abatements

Indiana Statutes

§ 36-7-26-25 — Maximization of use of tax increment financing by city; property tax abatements

Indiana·Title 36 LOCAL GOVERNMENT·Art. 7 PLANNING AND DEVELOPMENT·Ch. 26 Economic Development Project Districts

The board may not approve a resolution
under section 16 of this chapter until the board has satisfied itself that
the city in which the proposed district will be established has
maximized the use of tax increment financing under IC 36-7-14 or IC 36-7-14.5 to finance public improvements within or serving the
proposed district. The city may not grant property tax abatements to the
taxpayers within the proposed district or a district, except that the board
may approve a resolution under section 16 of this chapter in the
proposed district or a district in which real property tax abatement not
to exceed three (3) years has been granted.

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The board may not approve a resolution
under section 16 of this chapter until the board has satisfied itself that
the city in which the proposed district will be established has
maximized the use of tax increment financing under IC 36-7-14 or IC 36-7-14.5 to finance public improvements within or serving the
proposed district. The city may not grant property tax abatements to the
taxpayers within the proposed district or a district, except that the board
may approve a resolution under section 16 of this chapter in the
proposed district or a district in which real property tax abatement not
to exceed three (3) years has been granted.

Indiana § 36-7-26-25 (Maximization of use of tax increment financing by city; property tax abatements) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.