2019 Indiana Code
Title 6. Taxation
Article 3.6. Local Income Taxes
Chapter 11. Supplemental Allocation and Distribution Requirements
6-3.6-11-2. Jasper County; industrial plant ineligible for property tax credit

Universal Citation: IN Code § 6-3.6-11-2 (2019)
IC 6-3.6-11-2 Jasper County; industrial plant ineligible for property tax credit

Sec. 2. (a) This section applies to Jasper County's allocation of property tax credits provided by a tax rate under IC 6-3.6-5.

(b) A taxpayer that owns an industrial plant located in Jasper County is ineligible for a credit under IC 6-3.6-5 against the property taxes due on the industrial plant if the assessed value of the industrial plant as of March 1, 2006, exceeded twenty percent (20%) of the total assessed value of all taxable property in the county on that date. The general assembly finds that the provisions of this subsection are necessary because the industrial plant represents such a large percentage of Jasper County's assessed valuation.

As added by P.L.243-2015, SEC.10.

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