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 § 36-7-26-25

Title 36LOCAL GOVERNMENT

Art. 7PLANNING AND DEVELOPMENT

Ch. 26Economic Development Project Districts

This text of Indiana § 36-7-26-25 (Maximization of use of tax increment financing by city; property tax abatements) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 36-7-26-25 (2026).

Text

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.