Indiana Code 6-1.1-21.3-1. “Board”, “qualified taxing unit”, and “qualifying taxpayer”
(b) As used in this chapter, “qualified taxing unit” means a taxing unit:
Terms Used In Indiana Code 6-1.1-21.3-1
- Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
- board: refers to the state board of finance. See Indiana Code 6-1.1-21.3-1
- Property: includes personal and real property. See Indiana Code 1-1-4-5
- qualifying taxpayer: means a taxpayer that:
Indiana Code 6-1.1-21.3-1
(2) that has experienced or is expected to experience a significant revenue shortfall as a result of a default or an expected default described in subsection (c)(3).
(c) As used in this chapter, “qualifying taxpayer” means a taxpayer that:
(1) casts and manufactures motor vehicle transmissions as part of its business;
(2) has filed a petition to reorganize under the federal bankruptcy code; and
(3) has defaulted, or has notified the county fiscal body of the county in which the taxpayer is subject to property taxes that the taxpayer will default, on all or part of one (1) or more of its property tax payments with respect to taxes first due and payable in 2009 or 2010, or both.
As added by P.L.182-2009(ss), SEC.156.