{"data":{"id":"us-in/ic-8-22-3.5-15","jurisdiction":"us-in","citation":"IC 8-22-3.5-15","heading":"State income tax incentives for attracting or retaining airport development projects in a consolidated city","body":"Sec. 15. (a) As used in this section, \"state income tax liability\" means a tax liability that is incurred under:\n(1) IC 6-3-1 through IC 6-3-7 (the adjusted gross income tax); or\n(2) any other tax imposed by this state and based on or measured by either gross income or net income.\n(b) The attraction or retention of qualified airport development projects to a consolidated city within Indiana is a governmental function of general public benefit for all the citizens of Indiana.\n(c) As an incentive to attract or retain qualified airport development projects to Indiana, for a period of thirty-five (35) years, beginning January 1, 1991, persons that locate and operate a qualified airport development project in an airport development zone in a consolidated city shall not incur, notwithstanding any other law, any state income tax liability as a result of:\n(1) activities associated with locating or retaining the qualified airport development project in the consolidated city;\n(2) the construction, modification, alteration, or completion of the qualified airport development project;\n(3) the employment of personnel or the ownership or rental of property at or in conjunction with the qualified airport development project; or\n(4) the operation of, or the activities at or in connection with, the qualified airport development project.\n(d) The department of state revenue shall adopt rules under IC 4-22-2 to implement this section.","path":["TITLE 8. UTILITIES AND TRANSPORTATION","ARTICLE 22. AIRPORTS","Chapter 3.5. Airport Development Zones"],"source_url":"https://iga.in.gov/ic/2026/Title_8.html#8-22-3.5-15","current_through":"2026","vintage":"2026","retrieved_at":"2026-10-04T20:08:46Z","sha256":"ae6f3b7386a3d52b205c23b21a5caeefe4fef5dc4f94ce0db5a4e6b2b78d434e","source_id":"us-in","stale":false,"prev":"us-in/ic-8-22-3.5-14","next":"us-in/ic-8-22-3.5-16"},"notice":"GroundRules: Original legal text. Not legal advice."}