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FOR OFTHE DESIGNATING :.. <br />We find that the ,applicant meets the general standards in the resolution adopted or to be adopted by this body. Said resolution, passed or to be passed <br />under IC 6 -1.1 -12.1, provides for the following limitations: <br />A. The designated area has been limited to a period of lime not to exceed calendar years" (see below). The date this designation <br />expires is <br />B. The type of deduction that is allowed in the designated area is limited lo: <br />1. Redevelopment or rehabilitation of real estate Improvements 13 Yes ❑ No <br />2, Residentially distressed areas ❑ Yes ® No <br />G. The amount of the deduction applicable is limited to $ <br />D. Other limitations or conditions '(specify) <br />E. The deduction is allowed for years* (see below). <br />F. Did the designating body adopt an alternative deduction schedule per IC 6 -1:1. 12.1 -17? ❑ Yes El No <br />Ifyes, attach a copy of the alternative deduction schedule to this form. <br />We have also reviewed the information contained in the statement of benefits and find that the estimates and expectations are reasonable and have <br />determined that the totality of benefits is sufficient to justify the deduction described above. <br />Approved (signature and title of authorized member of designating body) <br />Telephone number <br />Date signed (month, day, year) <br />Attested by (signature and title of attester) <br />Designated body <br />If the designating body limits the time period during which an area is an economic revitalization area, it does not limit the length of time a taxpayer is <br />entitled to receive a deduction to a number of years designated under IC 6-1.1 -12.1 -4. <br />A. For residentially distressed areas, the deduction period may not exceed five (5) years. <br />B. For redevelopment and rehabilitation or real estate improvements: <br />1- If the Economic Revitalization Area was designated prior to July 1, 2000, the deduction period is limited to three (3), six (6), or ten (10) years, <br />2. If the Economic Revitalization Area was designated after June 30, 2000, and is not in a residentially distressed area, the deduction period may not <br />exceed ten (10) years. <br />Page 2 of 2 <br />