Sec. 4. A county executive, a municipal legislative body, or, in Marion County, the county fiscal body, may adopt an ordinance designating a geographic territory as an infrastructure development zone after:

(1) conducting a public hearing on the proposed ordinance;

Terms Used In Indiana Code 6-1.1-12.5-4

  • eligible infrastructure: means the following:

    Indiana Code 6-1.1-12.5-1

  • person: means a firm, association, cooperative, corporation, limited liability company, business trust, partnership, or limited liability partnership. See Indiana Code 6-1.1-12.5-3
  • Property: includes personal and real property. See Indiana Code 1-1-4-5
(2) publishing notice of the public hearing in the manner prescribed by IC 5-3-1; and

(3) making the following findings:

(A) Adequate eligible infrastructure is not available in the zone.

(B) Providing a property tax exemption to a person for investing in eligible infrastructure in the zone will provide:

(i) opportunities for increased natural gas usage, increased availability of broadband service, advanced services, and public water or wastewater service; and

(ii) economic development benefits;

            in the zone.

As added by P.L.133-2013, SEC.1. Amended by P.L.91-2017, SEC.2.

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