§ 6-1.1-42-24 — Final action; granting of deductions; expiration

Indiana § 6-1.1-42-24

• Jurisdiction: Indiana
• Art. 1.1: PROPERTY TAXES
• Ch. 42: Brownfield Revitalization Zone Tax Abatement

Text

(a) After considering the evidence, the
designating body shall take final action determining whether the
qualifications for deduction have been met and confirming, modifying
and confirming, or rescinding the resolution. For each deduction
granted by the designating body, the designating body shall state in the
resolution granting the deduction whether the deduction is for three (3)
six (6), or ten (10) years. This determination is final except that an
appeal may be taken and heard as provided under sections 25 and 26
of this chapter.
(b) A determination to grant a deduction under this chapter may be
made:
(1) as part of the resolution adopted under section 13 of this
chapter; or
(2) by resolution adopted within sixty (60) days after receiving a
copy of a property owner's certified deduction application from
the county auditor. A certified copy of the resolution shall be sent
to the county auditor.
(c) The grant allowing a brownfield revitalization zone deduction
expires on the earliest of the following:
(1) The date that the designating body determines that the
applicant has failed to make reasonable progress towards the
completion of the remediation. A designating body may not make
a determination under this subdivision before a date that is at least
two (2) years after the date an area is designated as a brownfield
revitalization zone.
(2) December 31 of the last year of the deduction.
(3) The date the zone expires.
(4) The date that the designating body determines that the
applicant has failed to comply with the statement of benefits
under section 30 of this chapter.

Legislative History

As added by P.L.59-1997, SEC.1. Amended by P.L.2-1998, SEC.27.