Sec. 1. This chapter applies to the following economic development incentive programs:

(1) Grants and loans provided by the Indiana economic development corporation under IC 5-28, the office of tourism development under IC 5-29 (before July 1, 2020), or the Indiana destination development corporation under IC 5-33 (after June 30, 2020).

Terms Used In Indiana Code 6-1.1-43-1

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • economic development incentive: refers to a tax credit, deduction, exemption, grant, or loan awarded under a program described in section 1 of this chapter. See Indiana Code 6-1.1-43-2
(2) Incentives provided in an economic revitalization area under IC 6-1.1-12.1.

(3) Incentives provided under IC 6-3.1-13.

As added by P.L.60-1997, SEC.1. Amended by P.L.4-2005, SEC.49; P.L.229-2005, SEC.5; P.L.288-2013, SEC.26; P.L.78-2019, SEC.6.