Sec. 19. (a) The state board of accounts and department of local government finance shall make the rules and prescribe the forms and procedures that the state board of accounts and department of local government finance consider appropriate for the implementation of an allocation area under this chapter.
(b) After each reassessment of real property in an area under a reassessment plan prepared under IC 6-1.1-4-4.2, the department of local government finance shall adjust the base assessed value one (1) time to neutralize any effect of the reassessment of the real property in the area on the property tax proceeds allocated to the certified technology park fund under section 17 of this chapter. After each annual adjustment under IC 6-1.1-4-4.5, the department of local government finance shall adjust the base assessed value to neutralize any effect of the annual adjustment on the property tax proceeds allocated to the certified technology park fund under section 17 of this chapter.
As added by P.L.192-2002(ss), SEC.187. Amended by P.L.154-2006, SEC.81; P.L.112-2012, SEC.61; P.L.86-2018, SEC.349.
Structure Indiana Code
Article 7. Planning and Development
Chapter 32. Certified Technology Parks
36-7-32-1. Units Authorized to Establish Certified Technology Parks
36-7-32-2. Application of Definitions in Ic 36-7
36-7-32-3. Application of Definitions in Ic 6-1.1
36-7-32-4. "Base Assessed Value"
36-7-32-5. "Business Incubator"
36-7-32-6. "Gross Retail Base Period Amount"
36-7-32-6.5. "Gross Retail Incremental Amount"
36-7-32-7. "High Technology Activity"
36-7-32-8. "Income Tax Base Period Amount"
36-7-32-8.5. "Income Tax Incremental Amount"
36-7-32-9. "Public Facilities"
36-7-32-11. Designation; Recertification; Indiana Economic Development Corporation; Criteria
36-7-32-11.5. Submission of Proposed Designations to the Budget Committee and the Budget Agency
36-7-32-12. Agreements; Governing Certified Technology Parks
36-7-32-13. Authority; Sale Price or Rental Value of Public Facilities Below Market Value
36-7-32-14. Marketing Responsibilities; Indiana Economic Development Corporation
36-7-32-15. Designation as Allocation Area; Remonstrance
36-7-32-16. Appeals; Remonstrance
36-7-32-17. Allocation and Distribution of Property Taxes
36-7-32-19. Rules and Forms; Adjustment of Base Assessed Value
36-7-32-20. Notification to Department of State Revenue; Computation of Gross Retail Base Revenue
36-7-32-22. Incremental Tax Financing Fund; Deposits; Distributions
36-7-32-25. Declaration; Public Purpose
36-7-32-26. Written Agreement for Joint Economic Development Projects
36-7-32-27. Terms of Written Agreement for Joint Economic Development Project