Adjustment for tax benefit

Official textiga.in.govlast amended 2008

Sec. 16.

# (a)

This section applies if the tax increment replacement amount for an allocation

area in a district is less than zero (0).

# (b)

The governing body of a district shall increase the base assessed value of property in the allocation area to an amount sufficient so that the tax increment replacement amount is equal to zero (0).
As added by P.L.146-2008, SEC.241.

Amendment history

As added by P.L.146-2008, SEC.241.

Source: view the official text

Nearby sections (25 sections)

6-1.1-21.2-5 · "District"
6-1.1-21.2-6 · "Governing body"
6-1.1-21.2-6.6 · "Obligation"
6-1.1-21.2-7 · "Property taxes"
6-1.1-21.2-8 · "Special fund"
6-1.1-21.2-9 · "Tax increment replacement amount"
6-1.1-21.2-10 · "Tax increment revenues"
6-1.1-21.2-11 · Tax increment replacement amount; calculation
6-1.1-21.2-12 · Governing body action to raise tax increment replacement
6-1.1-21.2-13 · Repealed
6-1.1-21.2-14 · Repealed
6-1.1-21.2-15 · Special assessment and tax collections deposited in…
6-1.1-21.2-16 · Adjustment for tax benefit
6-1.1-21.3-1 · "Board", "qualified taxing unit", and "qualifying…
6-1.1-21.3-2 · Qualifying taxing unit may apply to board for loan
6-1.1-21.3-3 · Determination of terms of loan by board; loan conditions;
6-1.1-21.3-4 · Certain amounts not considered for determination of levy
6-1.1-21.3-5 · Loan not bonded indebtedness
6-1.1-21.4-0.5 · "ADM"
6-1.1-21.4-1 · "Board"
6-1.1-21.4-2 · "Eligible school corporation"
6-1.1-21.4-3 · Eligible school corporation; maximum loan; loan terms
6-1.1-21.4-3.5 · Termination of authority to make loans
6-1.1-21.4-4 · Board determination of loan amount; disbursement of…
6-1.1-21.4-5 · Effects on levy excess funds

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