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DIGEST OF INTRODUCED BILL
Tax abatements. Specifies that certain equipment installed in an economic revitalization area or a maritime opportunity district after being used in Indiana by a person other than the applicant is eligible for tax abatement. Removes the requirement that equipment must be placed in service before January 1, 2006, to be eligible for tax abatement. Makes a technical correction. Repeals the provision that a designating body may not approve a statement of benefits after December 31, 2005.