Indiana § 36-7-32.5-13 Allocation area designation

Indiana Statutes

§ 36-7-32.5-13 — Allocation area designation

Indiana § 36-7-32.5-13

Title 36LOCAL GOVERNMENT

Art. 7PLANNING AND DEVELOPMENT

Ch. 32.5Innovation Development Districts

This text of Indiana § 36-7-32.5-13 (Allocation area designation) 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 § 36-7-32.5-13 (2026).

Text

If an innovation development district is designated, each executive shall designate the innovation development district as an allocation area for purposes of the allocation and distribution of property taxes. Not later than August 1 of the calendar year immediately following the designation, each executive shall:

(1)set the base assessed value of the allocation area; and

(2)provide notice of the designation and notice of the base assessed value; to the county auditor, the department of local government finance, and to each taxing unit that has authority to levy property taxes in the geographic area where the innovation development district is located. The notice must state the general boundaries of the innovation development district and include the mailing address of all parcels to be i

Free access — add to your briefcase to read the full text and ask questions with AI

If an innovation development district is
designated, each executive shall designate the innovation development
district as an allocation area for purposes of the allocation and
distribution of property taxes. Not later than August 1 of the calendar
year immediately following the designation, each executive shall:
(1) set the base assessed value of the allocation area; and
(2) provide notice of the designation and notice of the base
assessed value;
to the county auditor, the department of local government finance, and
to each taxing unit that has authority to levy property taxes in the
geographic area where the innovation development district is located.
The notice must state the general boundaries of the innovation
development district and include the mailing address of all parcels to
be included within the innovation development district.