{"data":{"id":"us-in/ic-6-1.1-12.1-7","jurisdiction":"us-in","citation":"IC 6-1.1-12.1-7","heading":"Economic development target area; designation","body":"Sec. 7. (a) After favorable recommendation by an economic development commission, the fiscal body of a city, town, or county may by ordinance designate as an economic development target area a specific geographic territory that:\n(1) has become undesirable or impossible for normal development and occupancy because of a lack of development, cessation of growth, deterioration of improvements or character of occupancy, age, obsolescence, substandard buildings, or other factors that have impaired values or prevent a normal development of property or use of property;\n(2) has been designated as a registered historic district under:\n(A) the National Historic Preservation Act of 1966; or\n(B) the jurisdiction of a preservation commission organized under:\n(i) IC 36-7-11;\n(ii) IC 36-7-11.1;\n(iii) IC 36-7-11.2;\n(iv) IC 36-7-11.3; or\n(v) IC 14-3-3.2 (before its repeal); or\n(3) encompasses buildings, structures, sites, or other facilities that are:\n(A) listed on the national register of historic places established pursuant to 16 U.S.C. 470 et seq.;\n(B) listed on the register of Indiana historic sites and historic structures established under IC 14-21-1; or\n(C) determined to be eligible for listing on the Indiana register by the Indiana state historic preservation officer.\n(b) The fiscal body of a city, town, or county may designate a maximum of fifteen percent (15%) of the total geographic territory of the city, town, or county to be in economic development target areas.\n(c) Notwithstanding the repeal of IC 36-7-11.9-4 and IC 36-7-12-38, an economic development target area established by a city or town before July 1, 1987, continues in effect until it is modified or abolished by ordinance of the city or town fiscal body.","path":["TITLE 6. TAXATION","ARTICLE 1.1. PROPERTY TAXES","Chapter 12.1. Deduction for Rehabilitation or Redevelopment of Real Property in Economic Revitalization Areas"],"source_url":"https://iga.in.gov/ic/2026/Title_6.html#6-1.1-12.1-7","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-09T01:51:39Z","sha256":"81bde43880fd3a0664d2cff181381184aa80e27b85294ec73f96ca28362dec43","source_id":"us-in","stale":false,"prev":"us-in/ic-6-1.1-12.1-6","next":"us-in/ic-6-1.1-12.1-8"},"notice":"GroundRules: Original legal text. Not legal advice."}