Ind. Code § 36-7-32.5-13

Allocation area designation

Redline — January 1, 2023 → current.View current text →

Current — January 1, 2025

As of January 1, 2023

Sec. 13. If an innovation development district is designated, each executive shall designate the innovation development district as an allocation area for purposes of the allocation and distribution of property taxes. Not later than August 1 of the calendar year immediately following the designation, each executive shall:

(1) set the base assessed value of the allocation area; and

(2) provide notice of the designation and notice of the base assessed value;

Sec. 13. If an innovation development district is designated under section 9 of this chapter or described under section 12 of this chapter, each executive shall designate the innovation development district as an allocation area for purposes of the allocation and distribution of property taxes. Each executive shall provide notice of the designation to the county ~~auditor~~ and to each taxing unit that has authority to levy property taxes in the geographic area where the innovation development district is located. The notice must state the general boundaries of the innovation development district and include ~~a list~~ of all parcels to be included within the innovation development district.

to the county auditor, the department of local government finance, and to each taxing unit that has authority to levy property taxes in the geographic area where the innovation development district is located. The notice must state the general boundaries of the innovation development district and include the mailing address of all parcels to be included within the innovation development district.

Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.