§ 8-22-3.5-11 — Rules and procedures; adjustment of base assessed value

Indiana § 8-22-3.5-11

• Jurisdiction: Indiana
• Art. 22: AIRPORTS
• Ch. 3.5: Airport Development Zones

Text

(a) The state board of accounts and the
department of local government finance shall make the rules and
prescribe the forms and procedures that the state board of accounts and
department consider appropriate for the implementation of this chapter.
(b) After each reassessment under IC 6-1.1-4, the department of
local government finance shall adjust the base assessed value (as
defined in section 9 of this chapter) one (1) time to neutralize any effect
of the reassessment on the property tax proceeds allocated to the airport
development zone's special funds under section 9 of this chapter.
(c) After each annual adjustment under IC 6-1.1-4-4.5, the
department of local government finance shall adjust the base assessed
value (as defined in section 9 of this chapter) to neutralize any effect
of the annual adjustment on the property tax proceeds allocated to the
airport development zone's special funds under section 9 of this
chapter.

Legislative History

As added by P.L.86-1991, SEC.1. Amended by P.L.90-2002, SEC.333; P.L.154-2006, SEC.66; P.L.86-2018, SEC.144.