Application; compliance with statement of benefits
Sec. 5.1. (a) This subsection applies to:
(1) all deductions under section 3 of this chapter for property
located in a residentially distressed area; and
(2) any other deductions for which a statement of benefits was
approved under section 3 of this chapter before July 1, 1991.
In addition to the requirements of section 5(c) of this chapter, a
deduction application filed under section 5 of this chapter must
contain information showing the extent to which there has been
compliance with the statement of benefits approved under section 3
of this chapter. Failure to comply with a statement of benefits
approved before July 1, 1991, may not be a basis for rejecting a
deduction application.
(b) This subsection applies to each deduction (other than a
deduction for property located in a residentially distressed area) for
which a statement of benefits was approved under section 3 of this
chapter after June 30, 1991. In addition to the requirements of
section 5(c) of this chapter, a property owner who files a deduction
application under section 5 of this chapter must provide the county
auditor and the designating body with information showing the
extent to which there has been compliance with the statement of
benefits approved under section 3 of this chapter. This information
must be included in the deduction application and must also be
updated each year in which the deduction is applicable at the same
time that the property owner is required to file a personal property
tax return in the taxing district in which the property for which the
deduction was granted is located. If the taxpayer does not file a
personal property tax return in the taxing district in which the
property is located, the information must be provided before May 15.
(c) Notwithstanding IC 5-14-3 and IC 6-1.1-35-9, the following
information is a public record if filed under this section:
(1) The name and address of the taxpayer.
(2) The location and description of the property for which the
deduction was granted.
(3) Any information concerning the number of employees at the
property for which the deduction was granted, including
estimated totals that were provided as part of the statement of
benefits.
(4) Any information concerning the total of the salaries paid to
those employees, including estimated totals that were provided
as part of the statement of benefits.
(5) Any information concerning the assessed value of the
property, including estimates that were provided as part of the
statement of benefits.
(d) The following information is confidential if filed under this
section:
(1) Any information concerning the specific salaries paid to
individual employees by the property owner.
(2) Any information concerning the cost of the property.
As added by P.L.82-1987, SEC.4. Amended by P.L.56-1988, SEC.8;
P.L.14-1991, SEC.4; P.L.65-1993, SEC.7; P.L.193-2005, SEC.2.
Last modified: May 28, 2006