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Ind. Code § 6-1.1-47-1 Definitions
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Sec. 1. The following definitions apply throughout this chapter: (1) "Eligible transfer of real property" means the transfer of an item of real property by a transferring entity under any of the following statutes: (A) IC 36-7-14-22.5. (B) IC 36-7-15.1-15.5. (C) IC 36-7-38. (2) "…
Ind. Code § 6-1.1-47-2 Adoption of ordinance
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Sec. 2. (a) A county fiscal body of a county in which a transferring entity is authorized to operate may adopt an ordinance to have this chapter apply in the county. (b) An ordinance adopted under this section must specify the percentage of property tax revenue that is to be allo…
Ind. Code § 6-1.1-47-3 Change of allocation percentage
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Sec. 3. If an ordinance adopted under section 2 of this chapter is in effect in a county, subject to the requirements of section 2 of this chapter, the county fiscal body may adopt an ordinance changing the percentage of property tax revenue that is to be allocated to transferrin…
Ind. Code § 6-1.1-47-4 Rescission of ordinance
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Sec. 4. If an ordinance adopted under section 2 of this chapter is in effect in a county, the county fiscal body may rescind the ordinance. As added by P.L.110-2017, SEC.2.