Indiana Statutes

§ 6-1.1-21.2-16 — Adjustment for tax benefit

Indiana § 6-1.1-21.2-16
JurisdictionIndiana
Art. 1.1PROPERTY TAXES
Ch. 21.2Tax Increment Replacement

This text of Indiana § 6-1.1-21.2-16 (Adjustment for tax benefit) 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 § 6-1.1-21.2-16 (2026).

Text

(a)This section applies if the tax increment replacement amount for an allocation area in a district is less than zero (0).
(b)The governing body of a district shall increase the base assessed value of property in the allocation area to an amount sufficient so that the tax increment replacement amount is equal to zero (0).

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Legislative History

As added by P.L.146-2008, SEC.241.

Nearby Sections

15
§ 6-1.1-1-1
Applicability
§ 6-1.1-1-1.5
"Assessing official"
§ 6-1.1-1-10
"Person"
§ 6-1.1-1-11
"Personal property"
§ 6-1.1-1-13
Repealed
§ 6-1.1-1-14
"Property taxation"
§ 6-1.1-1-15
"Real property"
§ 6-1.1-1-18
"State agency"
§ 6-1.1-1-19
"Tangible property"
§ 6-1.1-1-2
"Assessment date"
§ 6-1.1-1-20
"Taxing district"
§ 6-1.1-1-21
"Taxing unit"
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Bluebook (online)
Indiana § 6-1.1-21.2-16, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/6-1.1-21.2-16.