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Current as of January 02, 2024 | Updated by FindLaw Staff
Sec. 1. (a) As used in this chapter, “board” refers to the state board of finance.
(b) As used in this chapter, “qualified taxing unit” means a taxing unit:
(1) in which a qualifying taxpayer has tangible property subject to taxation; and
(2) that has experienced or is expected to experience a significant revenue shortfall as a result of a default or an expected default described in subsection (c)(3).
(c) As used in this chapter, “qualifying taxpayer” means a taxpayer that:
(1) manufactures microelectronics as part of its business;
(2) has filed a petition to reorganize under the federal bankruptcy code; and
(3) has defaulted, or has notified the county fiscal body of the county in which the taxpayer is subject to property taxes that the taxpayer will default, on all or part of one (1) or more of its property tax payments.
Cite this article: FindLaw.com - Indiana Code Title 6. Taxation § 6-1.1-21.9-1 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-6-taxation/in-code-sect-6-1-1-21-9-1/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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