§ 36-7.5-4.5-26 — Annual reporting requirement for retail merchants operating in a transit development district; duty of development authority and political subdivisions to provide information

Indiana § 36-7.5-4.5-26

• Jurisdiction: Indiana
• Title 36: LOCAL GOVERNMENT
• Art. 7.5: NORTHWEST INDIANA REGIONAL
• Ch. 4.5: Rail Transit Development Districts

Text

(a) Retail merchants operating in the
district shall report, in the manner and in the form prescribed by the
department, information that the department determines necessary to
calculate the gross retail tax base period amount or gross retail tax
increment revenue.
(b) At the request of the department, the development authority and
any political subdivision in which all or a part of the district is located
shall disclose to the department the names of the retail merchants
described in subsection (a) and such other information that may assist
in the determination of the gross retail tax base period amount or gross
retail tax increment revenue.
(c) At the request of the department, a political subdivision in which
the district is located shall provide to the department information
requested by the department concerning permits issued by the political
subdivision to retail merchants operating within the corridor.
(d) If the department is unable to determine the extent to which
taxes remitted by a retail merchant are gross retail tax increment
revenue for purposes of this chapter, the department shall use the best
information available in calculating the gross retail tax increment
revenue.

Legislative History

As added by P.L.248-2017, SEC.10.