Sec. 4.6. (a) A designating body may adopt a resolution to authorize a property owner to
relocate new manufacturing equipment for which a deduction is being granted under
this chapter. The resolution may provide that the new manufacturing equipment may only be relocated
(1) a new location within the same economic revitalization area; or
(2) a new location within a different economic revitalization area if the area is
within the jurisdiction of the designating body.
(b) Before adopting a resolution under this section, the designating body shall conduct
a public hearing on the proposed resolution. Notice of the public hearing shall be published in accordance with IC 5-3-1. In addition, the designating body shall notify each taxing unit within the original
and the new economic revitalization area of the proposed resolution, including the
date and time of the public hearing. If a resolution is adopted under this section, the designating body shall deliver
a copy of the adopted resolution to the county auditor within thirty (30) days after
(c) New manufacturing equipment relocated under this section remains eligible for
the assessed value deduction under this chapter. The same deduction percentage is to be applied as if the new manufacturing equipment
had not been relocated.
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