Indiana · Snapshot 2026

IC 6-1.1-47-1: Definitions

Where this section sits in the code

TITLE 6. TAXATION
ARTICLE 1.1. PROPERTY TAXES
Chapter 47. County Option Allocation of Property Taxes Paid on Property Transferred by Certain Entities

Sec. 1. The following definitions apply throughout this chapter:

(1) "Eligible transfer of real property" means the transfer of an item of real property by a transferring entity under any of the following statutes:

(A) IC 36-7-14-22.5.

(B) IC 36-7-15.1-15.5.

(2) "Land bank" has the meaning set forth in IC 36-7-38-1.

(3) "Redevelopment commission" includes:

(A) a redevelopment commission established under IC 36-7-14; and

(B) a metropolitan development commission established under IC 36-7-15.1.

(4) "Transferring entity" means:

(A) a land bank; or

(B) a redevelopment commission.

Collected 2026-09-09T01:51:39Z. Source file · JSON