Sec. 13. If an innovation development district is designated under section 9 of this chapter or described under section 12 of this chapter, each executive shall designate the innovation development district as an allocation area for purposes of the allocation and distribution of property taxes. Each executive shall provide notice of the designation to the county auditor and to each taxing unit that has authority to levy property taxes in the geographic area where the innovation development district is located. The notice must state the general boundaries of the innovation development district and include a list of all parcels to be included within the innovation development district.

As added by P.L.135-2022, SEC.28.