Indiana Code — Title 6 (Taxation)
IC 6-1.1-12.1-4.6
Relocation of new manufacturing equipment
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 to:
# (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 its adoption.
(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.
As added by P.L.126-2000, SEC.6. Amended by P.L.90-2002, SEC.121; P.L.256-2003, SEC.4.
Amendment history
As added by P.L.126-2000, SEC.6. Amended by P.L.90-2002, SEC.121; P.L.256-2003, SEC.4.
Source: view the official text
Nearby sections (25 sections)
- 6-1.1-12-46 · Eligibility of transferred property for certain deductions
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- 6-1.1-12.1-1 · Definitions
- 6-1.1-12.1-2 · Findings by designating body; economic revitalization…
- 6-1.1-12.1-2.3 · Repealed
- 6-1.1-12.1-2.5 · Economic revitalization area; maps; boundaries;…
- 6-1.1-12.1-2.6 · Formal tax abatement or incentive request for a…
- 6-1.1-12.1-3 · Statement of benefits; form; findings; period of…
- 6-1.1-12.1-4 · Annual deduction; amount; percentage; period of…
- 6-1.1-12.1-4.1 · Application of sections; residentially distressed…
- 6-1.1-12.1-4.5 · Statement of benefits; findings by designating body;…
- 6-1.1-12.1-4.6 · Relocation of new manufacturing equipment
- 6-1.1-12.1-4.7 · Deduction for new manufacturing equipment; exemptions
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- 6-1.1-12.1-5 · Real property application; filing requirements; change in
- 6-1.1-12.1-5.1 · Application; compliance with statement of benefits
- 6-1.1-12.1-5.3 · Deduction application; deadline; required information;
- 6-1.1-12.1-5.4 · Personal property schedule; filing requirements;…
- 6-1.1-12.1-5.5 · Repealed
- 6-1.1-12.1-5.6 · Compliance with statement of benefits; confidentiality…
- 6-1.1-12.1-5.7 · Repealed
- 6-1.1-12.1-5.8 · Waiver of statement of benefits
- 6-1.1-12.1-5.9 · Determination of substantial compliance with statement…
- 6-1.1-12.1-6 · Multiple deductions barred