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Indiana Code Title 6. Taxation § 6-1.1-12.5-4

Current as of January 02, 2024 | Updated by Findlaw Staff

Sec. 4. A county executive, a municipal legislative body, or, in Marion County, the county fiscal body, may adopt an ordinance designating a geographic territory as an infrastructure development zone after:

(1) conducting a public hearing on the proposed ordinance;

(2) publishing notice of the public hearing in the manner prescribed by IC 5-3-1;  and

(3) making the following findings:

(A) Adequate eligible infrastructure is not available in the zone.

(B) Providing a property tax exemption to a person for investing in eligible infrastructure in the zone will provide:

(i) opportunities for increased natural gas usage, increased availability of broadband service, advanced services, and public water or wastewater service;  and

(ii) economic development benefits;

in the zone.

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Cite this article: FindLaw.com - Indiana Code Title 6. Taxation § 6-1.1-12.5-4 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-6-taxation/in-code-sect-6-1-1-12-5-4/

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