Indiana Code
Chapter 21.2. Tax Increment Replacement
6-1.1-21.2-16. Adjustment for Tax Benefit

Sec. 16. (a) This section applies if the tax increment replacement amount for an allocation area in a district is less than zero (0).
(b) The governing body of a district shall increase the base assessed value of property in the allocation area to an amount sufficient so that the tax increment replacement amount is equal to zero (0).
As added by P.L.146-2008, SEC.241.

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Structure Indiana Code

Indiana Code

Title 6. Taxation

Article 1.1. Property Taxes

Chapter 21.2. Tax Increment Replacement

6-1.1-21.2-1. Repealed

6-1.1-21.2-2. Applicability of Definitions in Ic 36

6-1.1-21.2-3. "Allocation Area"

6-1.1-21.2-4. "Base Assessed Value"

6-1.1-21.2-5. "District"

6-1.1-21.2-6. "Governing Body"

6-1.1-21.2-6.6. "Obligation"

6-1.1-21.2-7. "Property Taxes"

6-1.1-21.2-8. "Special Fund"

6-1.1-21.2-9. "Tax Increment Replacement Amount"

6-1.1-21.2-10. "Tax Increment Revenues"

6-1.1-21.2-11. Tax Increment Replacement Amount; Calculation

6-1.1-21.2-12. Governing Body Action to Raise Tax Increment Replacement Amount; Review and Action by Legislative Body; Procedure; Funding of Certain Amount by Metropolitan Development Commission From Personal Property Taxes

6-1.1-21.2-13. Repealed

6-1.1-21.2-14. Repealed

6-1.1-21.2-15. Special Assessment and Tax Collections Deposited in Special Fund; Inapplicability of Certain Provisions to Special Assessments and Taxes; Exception From Levy Limits

6-1.1-21.2-16. Adjustment for Tax Benefit