Indiana § 6-1.1-47-1 Definitions

Indiana Statutes

§ 6-1.1-47-1 — Definitions

Indiana § 6-1.1-47-1

Art. 1.1PROPERTY TAXES

Ch. 47County Option Allocation of Property Taxes Paid on

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Bluebook

Ind. Code § 6-1.1-47-1 (2026).

Text

The following definitions apply throughout this chapter:

(1)"Eligible transfer of real property" means the transfer of an item of real property by a transferring entity under any of the following statutes:

(A)IC 36-7-14-22.5.

(B)IC 36-7-15.1-15.5.

(C)IC 36-7-38.

(2)"Land bank" has the meaning set forth in IC 36-7-38-1.

(3)"Redevelopment commission" includes:

(A)a redevelopment commission established under IC 36-7-14; and

(B)a metropolitan development commission established under IC 36-7-15.1.

(4)"Transferring entity" means:

(A)a land bank; or

(B)a redevelopment commission.

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The following definitions apply throughout
this chapter:
(1) "Eligible transfer of real property" means the transfer of an
item of real property by a transferring entity under any of the
following statutes:
(A) IC 36-7-14-22.5.
(B) IC 36-7-15.1-15.5.
(C) IC 36-7-38.
(2) "Land bank" has the meaning set forth in IC 36-7-38-1.
(3) "Redevelopment commission" includes:
(A) a redevelopment commission established under IC 36-7-14;
and
(B) a metropolitan development commission established under
IC 36-7-15.1.
(4) "Transferring entity" means:
(A) a land bank; or
(B) a redevelopment commission.