§ 5-28-15-0.3 — Certain actions of zone business considered compliance with prior statute

Indiana § 5-28-15-0.3

• Jurisdiction: Indiana
• Title 5: STATE AND LOCAL ADMINISTRATION
• Art. 28: INDIANA ECONOMIC DEVELOPMENT
• Ch. 15: Enterprise Zones

Text

3. (a) As used in this section, "zone business"
refers to a business that accesses at least one (1) tax credit or
exemption incentive under IC 4-4-6.1 (before its repeal).
(b) Notwithstanding IC 4-4-6.1-2.5 (before its repeal), as amended
by P.L.8-1994, a zone business that after August 2, 1993, and on or
before December 31, 1993, tendered to the enterprise zone board
created under IC 4-4-6.1-1 (before its repeal):
(1) a verified summary of the amount of tax credits and
exemptions claimed by the business in the preceding year, as
required under IC 4-4-6.1-2.5(a)(1) (before its repeal); and
(2) payment of registration fees, as required under IC 4-4-6.1-2.5(a)(2) (before its repeal);
is deemed to have complied with IC 4-4-6.1-2.5(a) (before its repeal)
and may not be denied any of the incentives granted to a zone business
if the zone business resubmits the verified summary and the zone
business' registration fee and pays an additional civil penalty equal to
the greater of twenty-five dollars ($25) or fifteen percent (15%) of its
registration fees to the enterprise zone board on or before May 1, 1994.

Legislative History

As added by P.L.220-2011, SEC.109.