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Sec- 2-79 PRIMARY IMPACT MEASURES FOR BASE PHASE-IN F(]R 'I'aangik~ie Personal <br />Property <br />Personal Property Base Tax Phase-In petitions are filed separately from Real Property petitions. <br />Investment; IViachine and E ui mentt~t <br />$50,000 to $10,000,000 5 years <br />Over $10,000,000 10 years <br />{~~ All such equipment must meet the provisions of IC 6-1.1-I2. i-4.5 <br />Sec 2-80 PRIMARY IMPACT MEASURES ~+ OR BASE PHASE-IN F®R RESIDENTIAL PROPERTY <br />Sec 2-80.1 Multi-family residential developments. <br />(a) A Base Phase-In is available for multi-family residential developments which are <br />to be located in the Economic Development Target Areas, and which specify or <br />guarantee that for the duration of the abatement at Ieast twenty (20) percent of the <br />units shall be available far use by law and moderate income individuals or <br />families. <br />(Ij New construction. Proposed multi-family residential developments which <br />incorporate new construction of not Iess than one million dollars <br />($1,000,000.00) in hard-dollar costs. <br />Base Phase-In Available: 3 years <br />(2) Rehabilitation. Proposed multi-family residential developments which <br />incorporate rehabilitation of not Iess than two hundred fifty thousand <br />dollars ($250,000.00) in hard-dollar costs <br />Base Phase-In Available: 3 years <br />(b) An additional Bonus Phase-In Credit is available for multi-family residential <br />developments, which qualify to be cansidexed for a base phase-in under the <br />provisions of subsection (a) above from one (I) to seven (7) years pursuant to <br />Sections 2-8I and 2-82. <br />Sec. 2-80.~ Single-family residential construction. <br />(a) A Base Phase-In is available for single-family new construction homes which are <br />to be located within the City's corporate boundaries and meet the requirements <br />addressing residentially distressed areas set forth in 1C, 6-1.1-12.1-2 and the <br />II <br />