Sec. 10. (a) The corporation may not designate an area as an innovation development district under section 9 of this chapter if the business or businesses that are expected to locate within the innovation development district:
(1) currently operate in Indiana in a location outside of the proposed innovation development district; and
(2) intend to substantially reduce or cease operations at the other location or locations within Indiana in order to relocate to a location within the innovation development district.
(b) Notwithstanding any other provision of this chapter, an innovation development district may not be established in an existing allocation area established under:
(1) IC 5-1-17.5;
(2) IC 6-1.1-39;
(3) IC 8-22-3.5;
(4) IC 36-7-13;
(5) IC 36-7-14;
(6) IC 36-7-15.1;
(7) IC 36-7-30;
(8) IC 36-7-30.5;
(9) IC 36-7-31;
(10) IC 36-7-31.3;
(11) IC 36-7-31.5;
(12) IC 36-7-32;
(13) IC 36-7.5-4.5; or
(14) any other provision that authorizes the establishment of an allocation area.
(c) A development within the innovation development district is subject to any zoning ordinance or other zoning law that otherwise applies to territory within the innovation development district.
As added by P.L.135-2022, SEC.28.
Structure Indiana Code
Article 7. Planning and Development
Chapter 32.5. Innovation Development Districts
36-7-32.5-1. "Base Assessed Value"
36-7-32.5-4. "Gross Retail Base Period Amount"
36-7-32.5-5. "Gross Retail Incremental Amount"
36-7-32.5-6. "Income Tax Base Period Amount"
36-7-32.5-7. "Income Tax Incremental Amount"
36-7-32.5-11. Term of Designation of an Innovation Development District
36-7-32.5-12. Agreement; Required Provisions; Executive Session; Written Report
36-7-32.5-13. Allocation Area Designation
36-7-32.5-14. Allocation of Tax Proceeds; Allocation of Excess Assessed Value
36-7-32.5-15. Agreement With Taxpayer; Exemption of Property From Taxation
36-7-32.5-16. Administrative Rules; Neutralization of Effect of Reassessment or Annual Adjustment
36-7-32.5-18. Tax Incremental Amount Calculations; Transfer of Tax Incremental Amounts
36-7-32.5-20. Statewide Innovation Development District Fund; Administration; Use of Money in Fund