Final action; granting of deductions; expiration
Sec. 24. (a) After considering the evidence, the designating body
shall take final action determining whether the qualifications for
deduction have been met and confirming, modifying and confirming,
or rescinding the resolution. For each deduction granted by the
designating body, the designating body shall state in the resolution
granting the deduction whether the deduction is for three (3) six (6),
or ten (10) years. This determination is final except that an appeal
may be taken and heard as provided under sections 25 and 26 of this
chapter.
(b) A determination to grant a deduction under this chapter may
be made:
(1) as part of the resolution adopted under section 13 of this
chapter; or
(2) by resolution adopted within sixty (60) days after receiving
a copy of a property owner's certified deduction application
from the county auditor. A certified copy of the resolution shall
be sent to the county auditor.
(c) The grant allowing a brownfield revitalization zone deduction
expires on the earliest of the following:
(1) The date that the designating body determines that the
applicant has failed to make reasonable progress towards the
completion of the remediation. A designating body may not
make a determination under this subdivision before a date that
is at least two (2) years after the date an area is designated as a
brownfield revitalization zone.
(2) December 31 of the last year of the deduction.
(3) The date the zone expires.
(4) The date that the designating body determines that the
applicant has failed to comply with the statement of benefits
under section 30 of this chapter.
As added by P.L.59-1997, SEC.1. Amended by P.L.2-1998, SEC.27.
Last modified: May 28, 2006