§ 5-28-15-5.7 — Powers of an urban enterprise association

Indiana § 5-28-15-5.7

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

Text

7. (a) Beginning after December 31, 2018, a
zone U.E.A. has the following powers, in addition to other powers that
are contained in this chapter:
(1) To request the waiver of a municipal ordinance or regulation
as provided in section 14(c) of this chapter.
(2) To adopt guidelines for the disqualification of a zone business
from eligibility for one (1) or more incentives available to zone
businesses, if the zone business does not do one (1) of the
following:
(A) Use all its incentives for its property or employees in the
zone.
(B) Remain open and operating as a zone business for twelve
(12) months of the year for which the incentive is claimed.
(3) To modify the boundary of the zone if the legislative body
determines that the modification is in the best interests of the
zone.
(4) To employ staff and contract for services to carry out this
chapter.
(b) Each zone business that receives an incentive described in
section 3 of this chapter shall assist the zone U.E.A. in an amount
determined by the legislative body of the municipality in which the
zone business is located. If a zone business does not assist the zone
U.E.A. as required under this subsection, the legislative body of the
municipality in which the zone is located may pass an ordinance
disqualifying the zone business from eligibility for all incentives
available to the zone businesses. If all of a zone business's incentives
exceed one thousand dollars ($1,000) in a year, the legislative body of
the municipality may, at the request of the zone U.E.A., impose an
additional fee on a zone business to be paid to the zone U.E.A. in an
amount equal to one percent (1%) of all its incentives to be used
exclusively for the zone U.E.A.'s administrative expenses.
(c) If a legislative body disqualifies a zone business under
subsection (b), the legislative body shall notify the department of local
government finance and the department of state revenue in writing not
more than thirty (30) days after the passage of the ordinance
disqualifying the zone business. Disqualification of a zone business
under this section is effective beginning with the taxable year in which
the ordinance disqualifying the zone business is adopted.

Legislative History

As added by P.L.146-2018, SEC.5.