The resolution may provide that the new manufacturing equipment may only be relocated to:(1) a new location within the same economic revitalization area; or(2) a new location within a different economic revitalization area if the area is within the jurisdiction of the designating body.(b) Before adopting a resolution under this section, the designating body shall conduct a public hearing on the proposed resolution. Notice of the public hearing shall be published in accordance with IC 5-3-1. In addition, the designating body shall notify each taxing unit within the original and the new economic revitalization area of the proposed resolution, including the date and time of the public hearing. If a resolution is adopted under this section, the designating body shall deliver a copy of the adopted resolution to the county auditor within thirty (30) days after its adoption.(c) New manufacturing equipment relocated under this section remains eligible for the assessed value deduction under this chapter. ion to the county auditor within thirty (30) days after its adoption.(c) New manufacturing equipment relocated under this section remains eligible for the assessed value deduction under this chapter. The same deduction percentage is to be applied as if the new manufacturing equipment had not been relocated.As added by P.L.126-2000, SEC.6. Amended by P.L.90-2002, SEC.121; P.L.256-2003, SEC.4.
Indiana Legal Code