§ 6-1.1-12.1-4.6 — Relocation of new manufacturing equipment

Indiana § 6-1.1-12.1-4.6

• Jurisdiction: Indiana
• Art. 1.1: PROPERTY TAXES
• Ch. 12.1: Deduction for Rehabilitation or Redevelopment of

Text

6. (a) A designating body may adopt a
resolution to authorize a property owner to relocate new manufacturing
equipment for which a deduction is being granted under this chapter.
The resolution may provide that the new manufacturing equipment may
only be relocated to:
(1) a new location within the same economic revitalization area;
or
(2) a new location within a different economic revitalization area
if the area is within the jurisdiction of the designating body.
(b) Before adopting a resolution under this section, the designating
body shall conduct a public hearing on the proposed resolution. Notice
of the public hearing shall be published in accordance with IC 5-3-1.
In addition, the designating body shall notify each taxing unit within
the original and the new economic revitalization area of the proposed
resolution, including the date and time of the public hearing. If a
resolution is adopted under this section, the designating body shall
deliver a copy of the adopted resolution to the county auditor within
thirty (30) days after its adoption.
(c) New manufacturing equipment relocated under this section
remains eligible for the assessed value deduction under this chapter.
The same deduction percentage is to be applied as if the new
manufacturing equipment had not been relocated.

Legislative History

As added by P.L.126-2000, SEC.6. Amended by P.L.90-2002, SEC.121; P.L.256-2003, SEC.4.