§ 5-28-15-0.4 — Certain actions of zone business considered compliance with prior statute; state and political subdivision authorized to take certain actions; fees and payments

Indiana § 5-28-15-0.4

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

Text

4. (a) As used in this section, "board" refers
to the enterprise zone board established by IC 4-4-6.1-1 (before its
repeal).
(b) A zone business that:
(1) submitted to the board, on a form prescribed by the board, a
verified summary concerning the amount of tax credits and
exemptions claimed by the business in the preceding year; and
(2) tendered payment of the amount specified in IC 4-4-6.1-2(4)(A) (before its repeal) to the board;
in compliance with IC 4-4-6.1-2.5(a) (before its repeal and as effective
June 1, 1995) after May 31, 1995, and before June 16, 1995, shall be
treated for the purposes of IC 4-4-6.1-2.5 (before its repeal and as
effective June 1, 1995), as if the zone business had complied with IC 4-4-6.1-2.5 (before its repeal and as effective June 1, 1995) before June
1, 1995.
(c) An official of the state or a political subdivision is authorized to
take the actions necessary to:
(1) reinstate the credits and exemptions that would have been
waived without this section;
(2) reinstate, effective retroactively to May 31, 1995, a business
that is described by this section as a zone business without
requiring the business to petition for readmission or to pay any
civil penalties; and
(3) refund any civil penalties paid under IC 4-4-6.1-2.5 (before its
repeal), as effective June 1, 1995.
(d) Notwithstanding any other statute or rule, a payment or fee that
is required from a zone business identified in subsection (b) to qualify
the zone business for the credits and exemptions that would have been
waived without this section may be paid by the zone business before
June 1, 1996.

Legislative History

As added by P.L.220-2011, SEC.110.