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We find that the appllcarit ifieels "the genetal etaradards In "the resolution adopted or to be adopted "by this body. Said resolution, passed or to be passed <br />under IC 8-1:.1 -12.1, provides for [he fditowing Limitations: <br />A. The designated area has been1lmiled 10 a period of lime not to exceed <br />expires is calendar years* (see below). The data ibis designation <br />B. The type of deduction that is allowed fn the designated area is limited lo: <br />1. Redevelopment or rehabilitation of real estate Improvements 13 Yes ❑ No <br />2. Residentially distressed areas ❑ Yes 13 No <br />C. The amount of the deduction applicable is limited to $ <br />D. Other limitaliods or conditions (specify) <br />E. The deduction Is allowed for years* (see befoRl. <br />F. Did the designating body adopt an alternative deduction sohedule.per IC 6 -T.1- 12.1 -17'? Q Yes Et 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 benefits and find ttiat the estimates and expectations are reasonable and have <br />determined that the totatily of benefits is sufnciaht to juslify the deduction described above. <br />Approved (signature and title ofeulhollied member ofdesignaling body) Telephone number <br />( ) <br />Attested by (signature and BBe ofattester) Designated body <br />(month. <br />`If the designating body limits the time period.during which an area is an economic revitailzaiion 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 (b) years. <br />B. For redevelopment and rehabilitation or real estate improvements: <br />1. if the Economic Revitalization Area was designated prior 10 July 1. 2000, the deduction period Is limited to three (3), six (6), or ten (10) years. <br />2. If the Economic Revitalization Area vies 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 />