Indiana § 5-28-15.5-4 Powers; district business requirement to assist district board; amount

Indiana Statutes

§ 5-28-15.5-4 — Powers; district business requirement to assist district board; amount

Indiana § 5-28-15.5-4

Title 5STATE AND LOCAL ADMINISTRATION

Art. 28INDIANA ECONOMIC DEVELOPMENT

Ch. 15.5Entrepreneur and Enterprise District Pilot Program

This text of Indiana § 5-28-15.5-4 (Powers; district business requirement to assist district board; amount) 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 § 5-28-15.5-4 (2026).

Text

(a)A district board 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 this chapter.

(2)To adopt guidelines for the disqualification of a district business from eligibility for one (1) or more incentives available to district businesses, if the district business does not do one (1) of the following:

(A)If all its incentives, as contained in the summary required under section 6 of this chapter, exceed one thousand dollars ($1,000) in any year, pay a registration fee to the district board in an amount equal to one percent (1%) of all its incentives.

(B)Use all its incentives, except for the amount of the registration fee, for its property or employees in the district. (C

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

(a) A district board 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 this chapter.
(2) To adopt guidelines for the disqualification of a district
business from eligibility for one (1) or more incentives available
to district businesses, if the district business does not do one (1)
of the following:
(A) If all its incentives, as contained in the summary required
under section 6 of this chapter, exceed one thousand dollars
($1,000) in any year, pay a registration fee to the district board
in an amount equal to one percent (1%) of all its incentives.
(B) Use all its incentives, except for the amount of the
registration fee, for its property or employees in the district.
(C) Remain open and operating as a district business for twelve
(12) months of the year for which the incentive is claimed.
(3) To modify the boundary of the district if the district board
determines that the modification is in the best interests of the
district.
(4) To employ staff and contract for services to carry out this
chapter.
(b) In addition to a registration fee paid under subsection (a)(2)(A),
each district business that receives an incentive specified in section
1(3) of this chapter shall assist the district board in an amount
determined by the legislative body of the qualified municipality in
which the district business is located. If a district business does not
assist a district board as required under this subsection, the legislative
body of the qualified municipality in which the district is located may
pass an ordinance disqualifying the district business from eligibility for
all incentives available to district businesses. If the legislative body
disqualifies a district business under this subsection, the legislative
body shall notify the department of local government finance in writing
not more than thirty (30) days after the passage of the ordinance
disqualifying the district business. Disqualification of a district
business under this section is effective beginning with the taxable year
in which the ordinance disqualifying the district business is adopted.