Sec. 4. The owner of an eligible vacant building may apply to a district board for a deduction under this chapter for the occupation of an eligible vacant building within a district. An application under this section must:

(1) be submitted to the district board before the owner or tenant of the eligible vacant building occupies the eligible vacant building; and

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Terms Used In Indiana Code 6-1.1-46.2-4

  • district: refers to an entrepreneur and enterprise district designated under Indiana Code 6-1.1-46.2-1
  • district board: refers to an entrepreneur and enterprise district board designated under Indiana Code 6-1.1-46.2-2
  • eligible vacant building: means a building that:

    Indiana Code 6-1.1-46.2-3

  • 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
  • Property: includes personal and real property. See Indiana Code 1-1-4-5
(2) include a statement of benefits specifying the following information:

(A) A description of the eligible vacant building that the property owner or a tenant of the property owner will occupy.

(B) An estimate of the number of individuals who will be employed or whose employment will be retained by the property owner or the tenant as a result of the occupation of the eligible vacant building, and an estimate of the annual salaries of those individuals.

(C) Information regarding efforts by the owner or a previous owner to sell, lease, or rent the eligible vacant building during the period the eligible vacant building was unoccupied.

(D) Information regarding the amount for which the eligible vacant building was offered for sale, lease, or rent by the owner or a previous owner during the period the eligible vacant building was unoccupied.

(E) Any other information required by the district board.

As added by P.L.238-2017, SEC.18.