{"data":{"id":"us-in/ic-6-1.1-21.2-16","jurisdiction":"us-in","citation":"IC 6-1.1-21.2-16","heading":"Adjustment for tax benefit","body":"Sec. 16. (a) This section applies if the tax increment replacement amount for an allocation area in a district is less than zero (0).\n(b) The governing body of a district shall increase the base assessed value of property in the allocation area to an amount sufficient so that the tax increment replacement amount is equal to zero (0).","path":["TITLE 6. TAXATION","ARTICLE 1.1. PROPERTY TAXES","Chapter 21.2. Tax Increment Replacement"],"source_url":"https://iga.in.gov/ic/2026/Title_6.html#6-1.1-21.2-16","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-09T01:51:39Z","sha256":"29399842ebc3ec178709f938125b1e1e4a20c4dd1233c3e4bdde54a9bcf3b5c0","source_id":"us-in","stale":false,"prev":"us-in/ic-6-1.1-21.2-15","next":"us-in/ic-6-1.1-21.3-1"},"notice":"GroundRules: Original legal text. Not legal advice."}