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FOR USE OF THE DESIGNATING BODY <br />We find that the applicant meets the general standards in the resolution adopted or to be adopted by thle 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 time not iJ n>;ued calendar years' (see below). The date this designation <br />expires is . NOTE. This question addresses whofher fho resolution contains an expusfion date for Me desig mW area <br />B. The type of deduction that Is allowed In the designated area is limited to: <br />1. Redevelopment or rehabilitation of real estate improvements Yes []No <br />2. Residentially distressed areas Yes No <br />C. The amount of the deduction applicable is Imited to $ <br />0. Other limitations or conditions (splay) <br />E. Number of years allowed: Year 1 Year 2 Year 3 Year 4 Year 5 (' see below) <br />Year 6 Year 7 j] Year 8 Year B Year 10 <br />F. For a statement of benefits approved after June 30, 2013, did this designating body adopt an abatement schedule per IC 0-1. <br />1-12.1-177 <br />Yas No <br />If yes, attach a copy of the abatement schedule to this form. <br />If no, !re designal,ng body is required to astabhsh an abatement schedule before the deduction can be determined. <br />We have also reviewed the information contained in the statement of benefits and 8nd that the estimates and expectations are reasonable and have <br />determined that the totality of banefils Is sufficient to justify the deduclion described above. <br />Approved (skimriu.m and ora or &Whoritad membor at designating body) Tofophono numbar 1 Dwu 7'gnod (mono, d?)/ yea.) <br />I <br />Printed name or sutnorizod mombar of dosignatlng body Name of rlorigns*V body <br />ACeeted by (signartrro and We or 8'te3100 Prtnled name of ottester <br />If the designating body limits the time period dumg which an area is an economic revitalization area, that fimitaWri does rot limk the length of time a <br />taxpayer is entitled to receive a deduction to a number of years that Is Was than the munber of years designated under IC 6 -IIA -12.1-17. <br />A. For resrdentiaRy disLmssed areas where the Form SS-IlReal Property was approved prior to July 1, 2013, the deductions established In IC <br />6.1.1-12.1 4.1 remain in enact. The deduction period may not exceed five (5) years. For a Form SB-1/Real Property that is approved after June 30, <br />2013. ft designating body Is required to estabilsh an abatement schedute breach deduction allowed. Except as provided in IC 5-1.1-12.1-113, the <br />deduction period may not exceed ton (10) years. (See IC 6-1.1-12.1-17 below.) <br />B. For the redevafopmenl or rehabilitation of real property where the Form SB-1/Real Property was approved prior to July 1, 2013, the abatement <br />schedule approved by the designating body remains in effect. For a Form SEM/Real Property that is approved ager June 30. 2013, the designating <br />body is required to establish an abatement schedule for each deduction allowed. (See fC 6-1. <br />1-12.1-17 below.) <br />IC 6-1.1-12.1-17 <br />Abatament sch6dules <br />Sac. 17. (a) A designating body may provide to a business that Is established In or relocated to a mvitelization area and that receives a deduction under <br />section 4 or 4.5 of this chapter an abatement schedule based on the following factors: <br />1) The total amount of the taxpayer's investment In real and personal property. <br />2) The number of new AM -time equivalent jobs seated. <br />3) The average wage of the new employees compared to the slate minimum wage. <br />4) The Infrastructure requirements for the taxpayers Investment. <br />b) This subsection applies to a statement of benefits approved after June 30, 2013. A designating body shall establish a <br />n abatement schedule <br />for each dadudion allowed under this chapter. An abatement schedule must specify the percentage amount of the deduction for each year of <br />the deduction. Except as provided In IC 6 1.1.12.1-1 <br />B, an abatement schedule may not exceed ten (10) years. <br />c) An abatement schedule approved for a pedWular taxpayer before July 1, 2013, remains in effect until the abatement schedule expires under <br />the terns of the resolution approving the taxpayers statement of benefits. <br />F`/ <br />ea'n Cfer <br />1q,Q 3C <br />ice <br />F9k1vM.: <br />N <br />Page 2 of 2