Indiana Code — Title 6 (Taxation)
IC 6-1.1-46-2
Adoption of ordinance
Sec. 2.
# (a)
A county fiscal body of a county in which a land bank is established may adopt an ordinance to have this chapter apply in the county.
# (b)
An ordinance adopted under this section must specify the percentage of assessed valuation to use in computing the deduction provided by this chapter. The percentage must be at least twenty-five percent (25%) and at most fifty percent (50%).
# (c)
If a county fiscal body wishes to adopt an ordinance under this section, the county fiscal officer shall, in addition to any other notices required for the adoption of an ordinance, issue a notice to the fiscal officer of each taxing unit that would be affected by the adoption of the ordinance at least twenty-one (21) days before the date on which the county fiscal body intends to hold a hearing on the proposed ordinance.
# (d)
After the county fiscal body hears the public testimony on the proposed ordinance, the county fiscal body may adopt an ordinance to have this chapter apply in the county.
As added by P.L.110-2017, SEC.1.
Amendment history
As added by P.L.110-2017, SEC.1.
Source: view the official text
Nearby sections (25 sections)
- 6-1.1-45-11 · Eligibility; appeals
- 6-1.1-45-12 · Deduction limitation; claiming deduction after expiration…
- 6-1.1-45.5-1 · Definitions
- 6-1.1-45.5-2 · Form and content of petition
- 6-1.1-45.5-3 · County auditor action on petition; correction of defects;
- 6-1.1-45.5-4 · County property tax assessment board of appeals hearing;
- 6-1.1-45.5-5 · County property tax assessment board of appeals
- 6-1.1-45.5-6 · Review and recommendation by fiscal body; notice;
- 6-1.1-45.5-7 · Review and action by department of local government…
- 6-1.1-45.5-8 · Notice of action of department of local government…
- 6-1.1-45.5-9 · Appeal of action of department of local government…
- 6-1.1-46-1 · Definitions
- 6-1.1-46-2 · Adoption of ordinance
- 6-1.1-46-3 · Change of deduction percentage
- 6-1.1-46-4 · Termination of eligible transfer period
- 6-1.1-46-5 · Deduction
- 6-1.1-46-6 · Annual reports to county auditor
- 6-1.1-46-7 · List of properties eligible for the deduction
- 6-1.1-46-8 · Administration of the deduction
- 6-1.1-46.2-1 · "District"
- 6-1.1-46.2-2 · "District board"
- 6-1.1-46.2-3 · "Eligible vacant building"
- 6-1.1-46.2-4 · Application for deduction; district board; statement of
- 6-1.1-46.2-5 · Form; application and statement of benefits; public…
- 6-1.1-46.2-6 · District board review of application; resolution to…