Annual property tax credit; amount; duration of credit
Sec. 10. (a) A high impact business is entitled to a credit against
the business's property tax liability under IC 6-1.1-2 for a particular
year following the designating body's adoption of a resolution taking
final action under section 8 of this chapter. The amount of the credit
equals the amount of the high impact business's property tax liability
under IC 6-1.1-2 on inventory located in the county for the year in
which the credit is sought.
(b) A certified copy of the resolution shall be sent to the county
auditor, who shall grant the credit as provided in section 11 of this
chapter.
(c) A high impact business may not claim a credit under section
11 of this chapter for more than ten (10) years.
As added by P.L.146-2002, SEC.1.
Last modified: May 28, 2006