Sec. 5.1. (a) This subsection applies to all deductions under section 3 of this chapter for property located in a residentially distressed area. In addition to the requirements of section 5(c) of this chapter, a deduction application filed under section 5 of this chapter must contain information showing the extent to which there has been compliance with the statement of benefits approved under section 3 of this chapter.
(b) This subsection applies to each deduction (other than a deduction for property located in a residentially distressed area) for which a statement of benefits was approved under section 3 of this chapter, including a deduction for a new agricultural improvement. In addition to the requirements of section 5(c) of this chapter, a property owner who files a deduction application under section 5 of this chapter must provide the county auditor and the designating body with information showing the extent to which there has been compliance with the statement of benefits approved under section 3 of this chapter. This information must be included in the deduction application and must also be updated each year in which the deduction is applicable at the same time that the property owner is required to file a personal property tax return in the taxing district in which the property for which the deduction was granted is located. If the taxpayer does not file a personal property tax return in the taxing district in which the property is located, the information must be provided before May 15.
(c) Notwithstanding IC 5-14-3 and IC 6-1.1-35-9, the following information is a public record if filed under this section:
(1) The name and address of the taxpayer.
(2) The location and description of the property for which the deduction was granted.
(3) Any information concerning the number of employees at the property for which the deduction was granted, including estimated totals that were provided as part of the statement of benefits.
(4) Any information concerning the total of the salaries paid to those employees, including estimated totals that were provided as part of the statement of benefits.
(5) Any information concerning the assessed value of the property, including estimates that were provided as part of the statement of benefits.
(d) The following information is confidential if filed under this section:
(1) Any information concerning the specific salaries paid to individual employees by the property owner.
(2) Any information concerning the cost of the property.
As added by P.L.82-1987, SEC.4. Amended by P.L.56-1988, SEC.8; P.L.14-1991, SEC.4; P.L.65-1993, SEC.7; P.L.193-2005, SEC.2; P.L.288-2013, SEC.14; P.L.8-2022, SEC.7.
Structure Indiana Code
6-1.1-12.1-0.3. Legalization of Designation of Economic Revitalization Area Before February 1, 1991
6-1.1-12.1-4. Annual Deduction; Amount; Percentage; Period of Deduction; Effect of Reassessment
6-1.1-12.1-4.1. Application of Sections; Residentially Distressed Areas; Deduction Allowed
6-1.1-12.1-4.6. Relocation of New Manufacturing Equipment
6-1.1-12.1-4.7. Deduction for New Manufacturing Equipment; Exemptions
6-1.1-12.1-5.1. Application; Compliance With Statement of Benefits
6-1.1-12.1-5.6. Compliance With Statement of Benefits; Confidentiality of Information
6-1.1-12.1-5.8. Waiver of Statement of Benefits
6-1.1-12.1-6. Multiple Deductions Barred
6-1.1-12.1-7. Economic Development Target Area; Designation
6-1.1-12.1-8. Publishing and Filing Deduction Information
6-1.1-12.1-9. Deadline for Approval of Statement of Benefits; Extension
6-1.1-12.1-9.5. Waiver of Noncompliance
6-1.1-12.1-10. Retroactive Approval of Statement of Benefits; Applicability
6-1.1-12.1-11.3. Waiver of Noncompliance
6-1.1-12.1-13. Department of Local Government Finance Rules
6-1.1-12.1-15. Correction of Deduction Errors