§ 36-7-32-19 — Rules and forms; adjustment of base assessed value

(a) The state board of accounts and
department of local government finance shall make the rules and
prescribe the forms and procedures that the state board of accounts and
department of local government finance consider appropriate for the
implementation of an allocation area under this chapter.
(b) After each reassessment of real property in an area under a
reassessment plan prepared under IC 6-1.1-4-4.2, the department of
local government finance shall adjust the base assessed value one (1)
time to neutralize any effect of the reassessment of the real property in
the area on the property tax proceeds allocated to the certified
technology park fund under section 17 of this chapter. After each
annual adjustment under IC 6-1.1-4-4.5, the department of local
government finance shall adjust the base assessed value to neutralize
any effect of the annual adjustment on the property tax proceeds
allocated to the certified technology park fund under section 17 of this
chapter.

Legislative History

As added by P.L.192-2002(ss), SEC.187. Amended by P.L.154-2006, SEC.81; P.L.112-2012, SEC.61; P.L.86-2018, SEC.349.