Official review of job creation and job retention criteria; notice of
hearing
Effective 1-1-2006.
Sec. 6. An official may:
(1) review the creation or retention of employment from:
(A) the development, redevelopment, or rehabilitation of real
property; or
(B) the purchase of personal property;
that qualifies a property owner for a deduction under this
chapter;
(2) determine whether the creation or retention of employment
described in subdivision (1) has occurred; and
(3) if the official determines under subdivision (2) that:
(A) the creation or retention of employment described in
subdivision (1) has not occurred; and
(B) the failure to create or retain employment was not caused
by factors beyond the control of the property owner (such as
declines in demand for the property owner's products or
services);
mail a written notice to the property owner of a hearing on the
termination of the deduction under this chapter.
As added by P.L.193-2005, SEC.8.
Last modified: May 28, 2006