Indiana § 6-1.1-39-2 Designation of unit area as district; adoption of declaratory ordinance

Indiana Statutes

§ 6-1.1-39-2 — Designation of unit area as district; adoption of declaratory ordinance

Indiana § 6-1.1-39-2

Art. 1.1PROPERTY TAXES

Ch. 39Economic Development Districts

This text of Indiana § 6-1.1-39-2 (Designation of unit area as district; adoption of declaratory ordinance) 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 § 6-1.1-39-2 (2026).

Text

(a)If the fiscal body of a unit finds that:

(1)in order to promote opportunities for the gainful employment of its citizens, the attraction of a new business enterprise to the unit, the retention or expansion of a business enterprise existing within the boundaries of the unit, or the preservation or enhancement of the tax base of the unit, an area under the fiscal body's jurisdiction should be declared an economic development district;

(2)the public health and welfare of the unit will be benefited by designating the area as an economic development district; and

(3)there has been proposed a qualified industrial development project to be located in the economic development district, with the proposal supported by:

(A)financial and economic data; and

(B)preliminary commitments by busine

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(a) If the fiscal body of a unit finds that:
(1) in order to promote opportunities for the gainful employment
of its citizens, the attraction of a new business enterprise to the
unit, the retention or expansion of a business enterprise existing
within the boundaries of the unit, or the preservation or
enhancement of the tax base of the unit, an area under the fiscal
body's jurisdiction should be declared an economic development
district;
(2) the public health and welfare of the unit will be benefited by
designating the area as an economic development district; and
(3) there has been proposed a qualified industrial development
project to be located in the economic development district, with
the proposal supported by:
(A) financial and economic data; and
(B) preliminary commitments by business enterprises,
associations, state or federal governmental units, or similar
entities that evidence a reasonable likelihood that the proposed
qualified industrial development project will be initiated and
accomplished;
the fiscal body may on or before the adoption deadline determined
under subsection (c), adopt an ordinance declaring the area to be an
economic development district and declaring that the public health and
welfare of the unit will be benefited by the designation.
(b) For the purpose of adopting an ordinance under subsection (a),
it is sufficient to describe the boundaries of the area by its location in
relation to public ways or streams or otherwise as determined by the
fiscal body.
(c) The adoption deadline referred to in subsection (a) is determined
in the following manner:
(1) The initial adoption deadline is December 31, 2011.
(2) Subject to subdivision (3), the initial adoption deadline and
subsequent adoption deadlines are automatically extended in
increments of five (5) years, so that adoption deadlines
subsequent to the initial adoption deadline fall on December 31,
2016, and December 31 of each fifth year thereafter.
(3) At least one (1) year before the date of an adoption deadline
determined under subdivision (2), the general assembly may enact
a law that:
(A) terminates the automatic extension of adoption deadlines
under subdivision (2); and
(B) specifically designates a particular date as the final
adoption deadline.