Title 36, LOCAL GOVERNMENT

Sec. 11. The term of an area's designation as an innovation development district may not exceed thirty (30) years. As added by P.L.135-2022, SEC.28. Amended by P.L.213-2025, SEC.311.

Sec. 11.5. Notwithstanding any other law, if the corporation designates territory that is located in an existing allocation area described in section 10(b) of this chapter as an innovation development district, the city, county, town, or other entity that established the applicab…

Sec. 12. (a) If the corporation designates a territory within the jurisdiction of a city, town, or county, or within the jurisdiction of more than one (1) city, town, or county, as an innovation development district under section 9(b) or 9(c) of this chapter, the following apply:…

Sec. 13. If an innovation development district is designated, each executive shall designate the innovation development district as an allocation area for purposes of the allocation and distribution of property taxes. Not later than August 1 of the calendar year immediately follo…

Sec. 14. (a) An allocation area designated under section 13 of this chapter must: (1) apply to the entire innovation development district; and (2) require that any property tax assessed on taxable real and personal property used for commercial or industrial purposes subsequently …

Sec. 14.5. (a) Not later than April 15 of each year, the corporation and the executive of a county, city, or town in which an innovation development district is designated under section 9 of this chapter shall submit a report setting out the innovation development district's acti…

Sec. 15. (a) An executive or the corporation may enter into a written agreement with a taxpayer who owns, or is otherwise obligated to pay property taxes on, tangible property that is or will be located in an allocation area established under this chapter in which the taxpayer wa…

Sec. 16. (a) The state board of accounts, the department of state revenue, and the department of local government finance may adopt rules under IC 4-22-2 and prescribe the forms and procedures that the state board of accounts, the department of state revenue, and the department o…

Sec. 16.5. (a) A contractor that provides tangible personal property incorporated into real property in a project located in an innovation development district shall maintain records of all state gross retail and use tax paid or collected during a state fiscal year for the tangib…

Sec. 17. (a) Except as provided in subsection (b), if an innovation development district is designated under section 9 of this chapter, the corporation shall, not later than August 1 of the calendar year immediately following the designation date, send to the department of state …

tax base period amount; tax incremental amount calculations; transfer of tax incremental amounts Sec. 18. (a) Not later than October 1 of the calendar year immediately following the designation date of an innovation development district, the department of state revenue shall set …

Sec. 19. (a) The corporation shall establish a local innovation development district fund for each innovation development district designated under section 9 of this chapter. (b) Each fund consists of: (1) deposits of incremental property tax revenue from the county auditor as pr…

Sec. 2. As used in this chapter, "corporation" refers to the Indiana economic development corporation established by IC 5-28-3-1. As added by P.L.135-2022, SEC.28.

Sec. 20.5. (a) The economic development reserve account is established within the state general fund to support the development and expansion of industry in Indiana. The budget agency shall administer the economic development reserve account. (b) The economic development reserve …

Sec. 22. The corporation shall provide information on the innovation development district program in its economic incentive and compliance report submitted pursuant to IC 5-28-28-5, and to the budget committee, that includes the following: (1) Metrics established by the corporati…

Sec. 3. As used in this chapter, "executive" means the following: (1) In the case of a county that does not have a consolidated city, the president of the board of county commissioners. (2) In the case of a county having a consolidated city, the mayor. (3) In the case of a city, …

Sec. 4. As used in this chapter, "gross retail base period amount" means the aggregate amount of state gross retail and use taxes remitted under IC 6-2.5: (1) by the businesses operating in the territory comprising an innovation development district; and (2) that is, in the case …

Sec. 5. As used in this chapter, "gross retail incremental amount" means the remainder of: (1) the aggregate amount of state gross retail and use taxes that are remitted under IC 6-2.5: (A) by businesses operating in the territory comprising an innovation development district; an…

Sec. 6. As used in this chapter, "income tax base period amount" means the aggregate amount of state adjusted gross income taxes paid: (1) by employees employed in the territory comprising an innovation development district with respect to wages and salary earned for work in the …

Sec. 7. As used in this chapter, "income tax incremental amount" means the remainder of: (1) the total amount of state adjusted gross income taxes paid: (A) by employees employed in the territory comprising the innovation development district with respect to wages and salary earn…

Sec. 8. As used in this chapter, "net increment" means the sum of: (1) the gross retail incremental amount; plus (2) the income tax incremental amount; as determined by the department of state revenue. As added by P.L.135-2022, SEC.28.

Sec. 9. (a) Before the corporation may designate territory within the jurisdiction of a city, town, or county, or within the jurisdiction of more than one (1) city, town, or county, as an innovation development district under this section, the board of the corporation established…