Indiana Code — Title 6 (Taxation)

IC 6-3.6-2-8

"Economic development project"

Official textiga.in.govlast amended 201520 subsections

Sec. 8. "Economic development project" means any project that:

# (1)

the county, city, or town determines will:

# (A)

promote significant opportunities for the gainful employment of its citizens;

# (B)

attract a major new business enterprise to the county, city, or town; or

# (C)

retain or expand a significant business enterprise within the county, city, or town;
and

# (2)

involves an expenditure for:

# (A)

the acquisition of land;

# (B)

interests in land;

# (C)

site improvements;

# (D)

infrastructure improvements;

# (E)

buildings;

# (F)

structures;

# (G)

rehabilitation, renovation, and enlargement of buildings and structures;

# (H)

machinery;

# (I)

equipment;

# (J)

furnishings;

# (K)

facilities;

# (L)

administrative expenses associated with a project described in this section, including contract payments to a nonprofit corporation whose primary corporate purpose is to assist government in planning and implementing economic development projects;

# (M)

operating expenses of a governmental entity that plans or implements economic development projects; or

# (N)

substance removal or remedial action in a designated county, city, or town;
or any combination of these.
As added by P.L.243-2015, SEC.10.

Amendment history

As added by P.L.243-2015, SEC.10.

Source: view the official text

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