Indiana Code 5-28-15-0.4. Certain actions of zone business considered compliance with prior statute; state and political subdivision authorized to take certain actions; fees and payments
(b) A zone business that:
Terms Used In Indiana Code 5-28-15-0.4
- Statute: A law passed by a legislature.
- 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
(2) tendered payment of the amount specified in IC 4-4-6.1-2(4)(A) (before its repeal) to the board;
in compliance with IC 4-4-6.1-2.5(a) (before its repeal and as effective June 1, 1995) after May 31, 1995, and before June 16, 1995, shall be treated for the purposes of IC 4-4-6.1-2.5 (before its repeal and as effective June 1, 1995), as if the zone business had complied with IC 4-4-6.1-2.5 (before its repeal and as effective June 1, 1995) before June 1, 1995.
(c) An official of the state or a political subdivision is authorized to take the actions necessary to:
(1) reinstate the credits and exemptions that would have been waived without this section;
(2) reinstate, effective retroactively to May 31, 1995, a business that is described by this section as a zone business without requiring the business to petition for readmission or to pay any civil penalties; and
(3) refund any civil penalties paid under IC 4-4-6.1-2.5 (before its repeal), as effective June 1, 1995.
(d) Notwithstanding any other statute or rule, a payment or fee that is required from a zone business identified in subsection (b) to qualify the zone business for the credits and exemptions that would have been waived without this section may be paid by the zone business before June 1, 1996.
As added by P.L.220-2011, SEC.110.