{"data":{"id":"us-in/ic-6-3.6-2-8","jurisdiction":"us-in","citation":"IC 6-3.6-2-8","heading":"\"Economic development project\"","body":"Sec. 8. \"Economic development project\" means any project that:\n(1) the county, city, or town determines will:\n(A) promote significant opportunities for the gainful employment of its citizens;\n(B) attract a major new business enterprise to the county, city, or town; or\n(C) retain or expand a significant business enterprise within the county, city, or town; and\n(2) involves an expenditure for:\n(A) the acquisition of land;\n(B) interests in land;\n(C) site improvements;\n(D) infrastructure improvements;\n(E) buildings;\n(F) structures;\n(G) rehabilitation, renovation, and enlargement of buildings and structures;\n(H) machinery;\n(I) equipment;\n(J) furnishings;\n(K) facilities;\n(L) administrative expenses associated with a project described in this section, including contract payments to a nonprofit corporation whose primary corporate purpose is to assist government in planning and implementing economic development projects;\n(M) operating expenses of a governmental entity that plans or implements economic development projects; or\n(N) substance removal or remedial action in a designated county, city, or town;\nor any combination of these.","path":["TITLE 6. TAXATION","ARTICLE 3.6. LOCAL INCOME TAXES","Chapter 2. Definitions"],"source_url":"https://iga.in.gov/ic/2026/Title_6.html#6-3.6-2-8","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-09T01:51:39Z","sha256":"68c2d6cd4d46398c972d54e0edd4668ebac9f4052605599062c56ae5c4e57b1a","source_id":"us-in","stale":false,"prev":"us-in/ic-6-3.6-2-7.4","next":"us-in/ic-6-3.6-2-9"},"notice":"GroundRules: Original legal text. Not legal advice."}