§ 36-7.5-4.5-0.5 “Associate member”
§ 36-7.5-4.5-1 “Base assessed value”
§ 36-7.5-4.5-2 “Budget agency”
§ 36-7.5-4.5-2.5 “Cash participant”
§ 36-7.5-4.5-3 “Corridor”
§ 36-7.5-4.5-4 “Department”
§ 36-7.5-4.5-5 “Development project”
§ 36-7.5-4.5-6 “District”
§ 36-7.5-4.5-7 “Gross retail tax base period amount”
§ 36-7.5-4.5-8 “Gross retail tax increment revenue”
§ 36-7.5-4.5-9 “Local income tax base period amount”
§ 36-7.5-4.5-10 “Local income tax increment revenue”
§ 36-7.5-4.5-11 “Property tax increment revenue”
§ 36-7.5-4.5-12 “Rail project”
§ 36-7.5-4.5-13 “State income tax base period amount”
§ 36-7.5-4.5-14 “State income tax increment revenue”
§ 36-7.5-4.5-15 “Rail transit development corridor”; establishment; geographic area
§ 36-7.5-4.5-16 County that is not a member of development authority; financially participate in mainline double tracking project as associate member or cash member; rights and duties
§ 36-7.5-4.5-16.5 Transfer of funds by a cash participant or associate member; double tracking project; pledge
§ 36-7.5-4.5-17 Transit development district; establishment; conditions; geographic area
§ 36-7.5-4.5-18 Transit development district located in cash participant county; administration and use of incremental property tax revenue
§ 36-7.5-4.5-19 Steering committee; establishment; members; meetings; duties
§ 36-7.5-4.5-20 South shore improvement and development fund; administration; account for each transit development district; distributions to the fund; uses
§ 36-7.5-4.5-21 Allocation and distribution of incremental property tax revenue in transit development district
§ 36-7.5-4.5-21.5 Limitation on renewal or extension of existing allocation area; required conditions
§ 36-7.5-4.5-22 Duty to maximize amounts distributed to political subdivisions that would otherwise receive the revenue; public meeting
§ 36-7.5-4.5-23 Funding of development projects within a transit development district; uses
§ 36-7.5-4.5-24 Development authority; duty to provide information concerning employers and retail merchants in transit development district to department of state revenue
§ 36-7.5-4.5-25 Annual reporting requirement for employers operating in a transit development district
§ 36-7.5-4.5-26 Annual reporting requirement for retail merchants operating in a transit development district; duty of development authority and political subdivisions to provide information
§ 36-7.5-4.5-27 Local income tax increment fund; deposit of local income tax increment revenue in an account within the fund for each transit development district
§ 36-7.5-4.5-28 Certification and distributions from transit development district account
§ 36-7.5-4.5-29 Expenses; liabilities; obligations
§ 36-7.5-4.5-30 Chapter broadly construed
§ 36-7.5-4.5-31 Distribution of remaining money upon completion
§ 36-7.5-4.5-32 Covenants
§ 36-7.5-4.5-33 Expiration
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Terms Used In Indiana Code > Title 36 > Article 7.5 > Chapter 4.5 - Rail Transit Development Districts

  • associate member: refers to a county or municipality that adopted an ordinance or resolution under section 16 of this chapter specifying that the county or municipality has chosen to become an associate member. See Indiana Code 36-7.5-4.5-0.5
  • Attorney: includes a counselor or other person authorized to appear and represent a party in an action or special proceeding. See Indiana Code 1-1-4-5
  • base assessed value: means :

    Indiana Code 36-7.5-4.5-1

  • budget agency: means the budget agency established by IC 4-12-1-3. See Indiana Code 36-7.5-4.5-2
  • cash participant: refers to a county or municipality that has adopted an ordinance or resolution under section 16 of this chapter specifying that the county or municipality has chosen to become a cash participant. See Indiana Code 36-7.5-4.5-2.5
  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • corridor: means the geographic area established as a rail transit development corridor by this chapter. See Indiana Code 36-7.5-4.5-3
  • department: refers to the department of state revenue. See Indiana Code 36-7.5-4.5-4
  • development project: includes only development projects that benefit the corridor. See Indiana Code 36-7.5-4.5-5
  • district: refers to a transit development district established by the development authority under this chapter. See Indiana Code 36-7.5-4.5-6
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • gross retail tax base period amount: means the aggregate amount of state gross retail taxes remitted under Indiana Code 36-7.5-4.5-7
  • gross retail tax increment revenue: means the remainder of:

    Indiana Code 36-7.5-4.5-8

  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • local income tax base period amount: means the total amount of local income tax (Indiana Code 36-7.5-4.5-9
  • local income tax increment revenue: means the remainder of:

    Indiana Code 36-7.5-4.5-10

  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Property: includes personal and real property. See Indiana Code 1-1-4-5
  • property tax increment revenue: means the property taxes attributable to the assessed value of property located in a district in excess of the base assessed value. See Indiana Code 36-7.5-4.5-11
  • rail project: refers to the following:

    Indiana Code 36-7.5-4.5-12

  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • state income tax base period amount: means the aggregate amount of state adjusted gross income taxes paid or remitted by or on behalf of:

    Indiana Code 36-7.5-4.5-13

  • state income tax increment revenue: means the remainder of:

    Indiana Code 36-7.5-4.5-14

  • Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5