Indiana § 36-7-31.5-6 Review of resolution by budget committee; notice requirements;
information to taxing units

Indiana Statutes

§ 36-7-31.5-6 — Review of resolution by budget committee; notice requirements; information to taxing units

Indiana § 36-7-31.5-6

Title 36LOCAL GOVERNMENT

Art. 7PLANNING AND DEVELOPMENT

Ch. 31.5Additional Professional Sports Development Area in

This text of Indiana § 36-7-31.5-6 (Review of resolution by budget committee; notice requirements; information to taxing units) 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 § 36-7-31.5-6 (2026).

Text

(a)Upon adoption of a resolution establishing a tax area under section 8 of this chapter, the commission shall submit the resolution to the budget committee for review.

(b)Upon adoption of a resolution changing the boundaries of a tax area under section 8 of this chapter, the commission shall:

(1)publish notice of the adoption and substance of the resolution in accordance with IC 5-3-1; and

(2)file the following information with each taxing unit in the county in which the tax area is located:

(A)A copy of the notice required by subdivision (1).

(B)A statement disclosing the impact of the tax area, including the following:

(i)The estimated economic benefits and costs incurred by the tax, as measured by increased employment and anticipated growth of property assessed values.

(ii)The

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(a) Upon adoption of a resolution
establishing a tax area under section 8 of this chapter, the commission
shall submit the resolution to the budget committee for review.
(b) Upon adoption of a resolution changing the boundaries of a tax
area under section 8 of this chapter, the commission shall:
(1) publish notice of the adoption and substance of the resolution
in accordance with IC 5-3-1; and
(2) file the following information with each taxing unit in the
county in which the tax area is located:
(A) A copy of the notice required by subdivision (1).
(B) A statement disclosing the impact of the tax area, including
the following:
(i) The estimated economic benefits and costs incurred by the
tax, as measured by increased employment and anticipated
growth of property assessed values.
(ii) The anticipated impact on tax revenues of each taxing
unit.
The notice must state the general boundaries of the tax area.
(c) Upon completion of the actions required by subsection (b), the
commission shall submit the resolution to the budget committee for
review.