Sec. 5. The Indiana economic development corporation shall review an ordinance adopted under
this chapter and determine whether it is in the best interest of the development of
the certified technology park to permit the deduction. The Indiana economic development corporation, after conducting a hearing, may approve
the ordinance, approve the ordinance with modifications, or disapprove the ordinance. An owner of qualified personal property is eligible for a deduction under this chapter
only to the extent permitted under an ordinance (as modified by the Indiana economic
development corporation) that is approved under this section.
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