§ 6-1.1-12.9-8 — Eligibility for certain tax deductions notwithstanding failure to take certain actions

Indiana § 6-1.1-12.9-8

• Jurisdiction: Indiana
• Art. 1.1: PROPERTY TAXES
• Ch. 12.9: Legalization of Certain Actions Taken Under IC

Text

(a) This section applies only to property that
is located in the town of Remington.
(b) The definitions in IC 6-1.1-12.1 (as in effect before January 1,
1994) apply throughout this section.
(c) A taxpayer that is otherwise eligible for a tax deduction under IC 6-1.1-12.1 (as in effect before January 1, 1994) but failed to:
(1) designate or expand the boundaries of an economic
revitalization area;
(2) file a statement of benefits or other information with the
designating body;
(3) have a statement of benefits approved by a designating body;
(4) have a deduction under IC 6-1.1-12.1 (as in effect before
January 1, 1994) granted by a designating body; or
(5) have the designating body make the findings of fact required
under IC 6-1.1-12.1 (as in effect before January 1, 1994);
before installing new manufacturing equipment or initiating
redevelopment or rehabilitation in an economic revitalization area is
entitled to a tax deduction under IC 6-1.1-12.1 (as in effect before
January 1, 1994) on property for assessment years after 1993 to the
same extent as if the taxpayer had installed new manufacturing
equipment or initiated redevelopment or rehabilitation after the actions
described in subdivisions (1) through (5).
(d) The state board of tax commissioners and the county auditor in
the county where the property is located shall approve the taxpayer's
application for a deduction under IC 6-1.1-12.1 (as in effect before
January 1, 1994) on the property as soon as feasible after May 10,
1995.
(e) This section applies only to property taxes first due and payable
after 1994.

Legislative History

As added by P.L.220-2011, SEC.122. Amended by P.L.119-2012, SEC.27.