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FOR USE;OF THE DESIGNATING :., <br />We find that the applicant meets the 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 -121, provides for the following limitations: <br />A. The designated area has been limited to a period of time not to exceed calendar years` (see below). 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 real estate Improvements 13 Yes ❑ No <br />2. Residentially distressed areas ❑ Yes O No <br />C. The amount of the deduction applicable is limited to $ <br />D. Other limitations or conditions (specfly) <br />E. The deduction Is allowed for years" (see below). <br />F. Did the designating body adopt an alternative deduction schedule per IC 6 -1.1- 12.1 -17? ❑ Yes ❑ 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 totality of benefits is sufficient to justify the deduction described above. <br />Approved (signature and title of authorized member of designating body) <br />Telephone number <br />Date signed (month, day, year) <br />Attested by (signature and Otte of attester) <br />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- 12.1 -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 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 />