2018 Indiana Code
TITLE 6. Taxation
ARTICLE 1.1. PROPERTY TAXES
CHAPTER 46.2. Abatement Deduction for Vacant Buildings in an Entrepreneur and Enterprise District
6-1.1-46.2-6. District board review of application; resolution to approve deduction; required findings; approval by fiscal body of municipality
Sec. 6. (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.
As added by P.L.238-2017, SEC.18.
