Economic development districts; additional distributions and
credits
Sec. 5.5. (a) An economic development district that is located in
one (1) or more taxing districts in a county qualifies that county and
the taxpayers located in those taxing districts for additional
distributions and credits under this chapter if the following
requirements are met:
(1) The economic development district was established under
IC 6-1.1-39.
(2) The economic development district was established before
January 1, 1988.
(3) The additional distributions and credits for the economic
development district were approved by the department of
commerce before January 1, 1988.
(b) The department of commerce may not issue more than three
(3) approvals under this section.
As added by P.L.86-1987, SEC.4.
Last modified: May 28, 2006