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0' 0 e 0 <br />We find that the applicant meets the general standards In the resolution adopted or to be adopted by this body. Saki resolution, passed or to be passed <br />under IC 6=1.1 -12.1, provides for the following ihnitetlone: <br />A. The designated area has been limited to a period of time not to exceed caletldaryeAW isee bebW). The Mathis designation <br />expires Is <br />B. The type of deduction that is allowed in the designsted area is limited to: <br />1. Redevelopment or rehabilitation of real estate Improvements ❑ Yes ❑ No <br />2: Restdeglll q* distressed areas CI Yes 17 No <br />C. The amount of the deduction applicable Is limited to <br />D. Other limitations or conditions (specify) <br />E. Number of years allowed: ❑ Year 1 ❑ Year 2 13 Years [ Year4 p Year 6 ('see betbw) <br />❑ Year 0 Q Year'? ❑ Year a lJ Year p Vebr 10 <br />t - Fora -stalamenttif irenepls-approVed after Jrmo 30; 2013; did lhls•deelgnailng body adopt an abmtement schedule par -IC <br />0 Yes [] No <br />If yes, allach a copy of the abatement schedule to this form. <br />If no, the designating body Ip required to establish an abatement schedule before the deduction can be determined. <br />M have @too reviewed the information contained in the statement of benalle and find that the estimatel< and expectatiops are reasonable and have <br />determined that the totality ofbenalts is sufficient to Justify the deduction descrlbod above. <br />Appfoved (stpatum aqd t8fe ofaug"zed membotoldoakynatingbody) <br />'telephone number <br />Dad etgt ad (moMly day, year) <br />( ) <br />Pdnled name or suthodzed member of deetpnaft body <br />Nacre of deelenaang body <br />Altesledby (slgNlafdreendBfko /atleefed <br />PrMbd name ofal-W- r <br />" if the designating body limits the time period during Which.ari area is an economic reAtetizatbn area, that Aml�, agon does not IIMK the length of lime a <br />taxpayer is entitled to receive a deduction to a number of years that "so than the number of Years dhisignaled under ICe- 1.142.147. <br />A. FoFF residentially distressed areavvdhere the Form SB-11Real Property was approved prior to July 1, 2013, the deductions established in IC <br />6 -•1.1- 12.1.4..1 temain in effeol. The deduction period may not exceed five (6j years. For a Form SS- 1/Real Property that Is approved attar June 30, <br />2013, the dealgneting body Is required to eslablish en abatement schodute for each deduction allowed. The deduction pedod may not exceed ten <br />(10) years: (See IC 6-1.1- 12.1 -17 beloVb.) <br />B. For tike radevelopg orit ordlrhabAitation of real the Form SB`11Real Prop&rty was.appioved Ekr, to�J,uy 1, 2A13, pre abatement <br />,p(operlyMare <br />schedule approved by the designating body remalps In effect. For a Form SB-1lReal Properly that Is approved after June 30, 2013, the designating <br />body Is required to establish an abatement schedule for each deduction allowed, (Sae IC 6- 1.1-12.147 below) <br />ICO.1,1- 12.1 -17 ••- , <br />*element schedules <br />Poe. 17. WA designating body may provide to a business that is established In or relocated to a rimblizallon area and OW receives a deduction under <br />sedilon 4 or 4.6 of this chapter an abatement schedule based on the following factors: <br />(1) The total amount of the taxpay6eo Investment In reel and personal property. <br />(2) The numbetof newfull time equivalentjobs seated. <br />(3) The average wage of the new employeea.twmparod to the state mI nknum wage. <br />(4) The Inkashuchae requirements for tine taxpayers Investment. <br />(b) This 6ubAQIon.sppj" to a statement of benefits approved atiar�gw 30} 2013. A deaignating body shalt establish an ebalemenl dchedule <br />fof each dqc uaoh allowed under this chapter. An abatement schedule must specify the peroenfage amount of the deduction for each year of <br />the deduction. Aih atmisMerl schedule may not exceed ten (10) years. <br />(o) Art abatement schedule approved for a particular taxpayer before July 1, 2013, remains in effect, until the abolerrmni schedule expires under <br />the terms of the resolution approving the fW. ayges statement ofbw*Ms. <br />Page 2 of 9 <br />