§ 6-1.1-46.2-6 — District board review of application; resolution to approve deduction; required findings; approval by fiscal body of municipality

Indiana § 6-1.1-46.2-6

• Jurisdiction: Indiana
• Art. 1.1: PROPERTY TAXES
• Ch. 46.2: Abatement Deduction for Vacant Buildings in an

Text

(a) The district board shall review an
application and statement of benefits submitted under section 4 of this
chapter, and the district board shall determine whether the property
owner should be granted a deduction under this chapter after the
district board has made the following findings:
(1) Whether the estimate of the number of individuals who will be
employed or whose employment will be retained can be
reasonably expected to result from the proposed occupation of the
eligible vacant building.
(2) Whether the estimate of the annual salaries of those
individuals who will be employed or whose employment will be
retained can be reasonably expected to result from the proposed
occupation of the eligible vacant building.
(3) Whether any other benefits about which information was
requested are benefits that can be reasonably expected to result
from the proposed occupation of the eligible vacant building.
(4) Whether the occupation of the eligible vacant building will
increase the tax base and assist in the rehabilitation of the district.
(5) Whether the totality of benefits is sufficient to justify the
deduction.
(b) A district board may adopt a resolution approving the
application and statement of benefits and granting a deduction under
this chapter if:
(1) the district board makes the findings required by subsection
(a); and
(2) the granting of the deduction is approved by the fiscal body of
the municipality in which the district is located.

Legislative History

As added by P.L.238-2017, SEC.18.