Findings by high impact business commission; fees; authorization
to designate one high impact business
Sec. 7. (a) A designating body may find that a business within its
jurisdiction is a high impact business.
(b) The property tax credit provided by section 10 of this chapter
is available only to a business that the designating body finds to be
a high impact business.
(c) A designating body may impose a fee for filing a designation
application for a person requesting the designation of a particular
business as a high impact business. The fee may be sufficient to
defray actual processing and administrative costs.
(d) If the proposed high impact business is also located in an
allocation area (as defined in IC 36-7-14-39 or IC 36-7-15.1-26), an
application for the property tax credit provided by this chapter may
not be approved unless the commission that designated the allocation
area adopts a resolution approving the application.
(e) The designating body may designate only one (1) business as
a high impact business under this chapter.
As added by P.L.146-2002, SEC.1.
Last modified: May 28, 2006