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FOR USE OF DESIGNATiNG BODY <br />We find that the applicant meets the general standards in the resolution adopted or to be adopted by this body. Said resolution, passed <br />under IC 6-1:.1 -12.1, provides far the following limitations: <br />7designation <br />A. The designated area has been limited to a period or time not to exceed calendar years" (see below). The dale thi <br />expires is <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 171 Yes ❑ No <br />2. Residentially distressed areas ❑ Yes 0 No <br />C. The. amount of the deduction applicable is limited to g <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 64.1 - 12.147? ❑ Yes Cl 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 that the estimates and expectations are reasonable and have <br />determined that the tolalily of benefits Is sufliclent to Justify the deduction described above. <br />Approved (signature and fille ofouthorized member ofdesignating body) <br />Telephone number <br />Date signed (month, day, year) <br />Attested by (signature and We of aftester) <br />Designated body <br />`if the designating body Omits the time perlod.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 five (b) years. <br />8, 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), sic (6), or ten (10) years. <br />2. It 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 />