Sec. 0.3. (a) As used in this section, “zone business” refers to a business that accesses at least one (1) tax credit or exemption incentive under IC 4-4-6.1 (before its repeal).

     (b) Notwithstanding IC 4-4-6.1-2.5 (before its repeal), as amended by P.L.8-1994, a zone business that after August 2, 1993, and on or before December 31, 1993, tendered to the enterprise zone board created under IC 4-4-6.1-1 (before its repeal):

Terms Used In Indiana Code 5-28-15-0.3

  • Verified: when applied to pleadings, means supported by oath or affirmation in writing. See Indiana Code 1-1-4-5
  • Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
  • zone business: means an entity that accesses at least one (1) tax credit, deduction, or exemption incentive available under this chapter, Indiana Code 5-28-15-3
(1) a verified summary of the amount of tax credits and exemptions claimed by the business in the preceding year, as required under IC 4-4-6.1-2.5(a)(1) (before its repeal); and

(2) payment of registration fees, as required under IC 4-4-6.1-2.5(a)(2) (before its repeal);

is deemed to have complied with IC 4-4-6.1-2.5(a) (before its repeal) and may not be denied any of the incentives granted to a zone business if the zone business resubmits the verified summary and the zone business’ registration fee and pays an additional civil penalty equal to the greater of twenty-five dollars ($25) or fifteen percent (15%) of its registration fees to the enterprise zone board on or before May 1, 1994.

As added by P.L.220-2011, SEC.109.

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