IC 6-1.1-10.3-5 (Version b): Adoption of exemption ordinance by county adopting body

Sec. 5. (a) A county adopting body specified in IC 6-3.6-3-1(a) may adopt an exemption ordinance that exempts new personal property located in the county from property taxation as provided in section 6 of this chapter.

(b) Except as provided in this chapter, the county adopting body shall use the same procedures that apply to county adopting bodies under IC 6-3.6-3 when acting under this chapter.

(c) Before adopting an exemption ordinance under this section, a county adopting body must conduct a public hearing on the proposed exemption ordinance. The county adopting body must publish notice of the public hearing in accordance with IC 5-3-1.

(d) The county adopting body shall provide a certified copy of an adopted exemption ordinance to the department of local government finance and the county auditor.