Fiscal analysis; report
Sec. 11. On a quadrennial basis, the general assembly shall
provide for an evaluation of the provisions of this chapter, giving
first priority to using the Indiana economic development corporation
established under IC 5-28-3. The evaluation must be a fiscal analysis,
including an assessment of the effectiveness of the provisions of this
chapter to:
(1) create new jobs;
(2) increase income; and
(3) increase the tax base;
in the jurisdiction of the designating body. The fiscal analysis may
also consider impacts on tax burdens borne by various classes of
property owners. The fiscal analysis may also include a review of the
practices and experiences of other states or political subdivisions
with laws similar to the provisions of this chapter. The board of the
Indiana economic development corporation established under
IC 5-28-4 or another person or entity designated by the general
assembly shall submit a report on the evaluation to the governor, the
president pro tempore of the senate, and the speaker of the house of
representatives before December 1, 1999, and every fourth year
thereafter.
As added by P.L.25-1995, SEC.25. Amended by P.L.4-2005, SEC.36.
Last modified: May 28, 2006