Chapter 3.35
PROPERTY TAX DEDUCTION APPLICATION FEE REQUIREMENTS
Sections:
3.35.010 Application fee for standard real or personal property deductions.
3.35.020 Application fee for modified tax abatement.
Prior legislation: Res. 2008-34.
3.35.010 Application fee for standard real or personal property deductions.
All applicants submitting an application with the town for standard real and/or personal property deductions pursuant to the Act [(IC 6-1.1-12.1)] shall be required to pay an application fee of $2,000 if their application is approved by the council. A standard real and/or personal property deduction is one which conforms to the tax abatement schedules set forth in Sections 4 and 4.5 of the Act prior to its amendment by P.L. 288-2013. [Ord. 2014-05 § 1]
3.35.020 Application fee for modified tax abatement.
All applicants submitting an application with the town for a modified tax abatement shall be required to pay an application fee as determined by the council at the time of approval of the application. The amount of the application fee shall be based upon all of the facts and circumstances in connection with the application and shall be determined at the sole discretion of the council. A modified tax abatement is one which is in excess of the standard tax abatement schedules as set forth in Sections 4 and 4.5 of the Act prior to its amendment by P.L. 288-2013. [Ord. 2014-05 § 2]
3.35.030 Fee due when.
The application fee shall be payable within 30 days of approval of the application by the council. If the applicant fails to pay the fee within such time frame, the council may take action, at its sole discretion, to modify, rescind or suspend its approval of the application. With respect to a modified tax abatement, the council reserves the right to approve a different payment schedule for the fee. All application fees collected by the town shall be deposited to a fund to be administered by the commission and shall be applied to the costs of reviewing, processing and administering tax abatement applications, and for any such other economic development purposes as determined by the commission and permissible under the Act and IC 36-7-14. [Ord. 2014-05 § 3]