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We And that the applicaril theels he 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 foitowing oWitaitons; <br />A. The designated area has been limited to a period or lime not to exceed calendar years* (see belo%). The dale 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 teal estate improvements 13 Yes 0 No <br />2. Residentially distressed areas ❑ Yes M No <br />C. The amount of the deduction applicable is limited to $ <br />D. Other limitations or conditions (speclry� <br />E. The deduction is allowed for years* (see below). <br />F. Did the designating body adopt an alternative deduction schedule per le 6 -1.1- 12.1 -171 ❑ Yes D No <br />If yes, attach a copy of the alternative deduction schedule to this form. <br />We have also reviewed the Information contained In the statement of boneflis and find that the estimates and expectations are reasonable and have <br />determined that the tolelity of benefits Is suficlerit to Justify the deduction described above. <br />Approved (signature and Nile ore(rlhorized member ordesignasngbod)l Telephone number Date signed (month, day, year) <br />t ) <br />Attested by ( signature and title ofetlester) 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- 12.14. <br />A. For residentially distressed areas, the deduction period may not exceed Ave (6) 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 />