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Senate Bill 0382


 

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Senate Bill 0382

ARCHIVE (2006)

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DIGEST OF SB382 (Updated March 8, 2006 3:01 pm - DI 84)

Airport development zone. Decreases the minimum size of a qualified airport development project in Vanderburgh County to $250,000 (the same threshold that applies to all other units except Marion County). Deletes a provision restricting an airport development zone in Vanderburgh County to the airport and up to three square miles of area outside of the airport. Removes the provision specifying that a tax increment financing "allocation area" may not be established by an airport development zone in Vanderburgh County. Allows an airport authority board in Vanderburgh County to amend a resolution designating an airport development zone to include a provision with respect to the allocation and distribution of property taxes. Specifies requirements for approval of the amendment by county and municipal authorities. Deletes provisions concerning enterprise zone inventory property tax credits in airport development zones in Vanderburgh County. Authorizes the establishment of an airport development zone in Delaware County.
    Current Status:
     Law Enacted
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