Sec. 11. (a) As used in this section, "tax increment financing allocation area" means any area authorized by statute in which ad valorem property taxes are allocated, including the following: (1) IC 6-1.1-39 (economic development districts). (2) IC 8-22-3.5 (airport development zones). (3) IC 36-7-14 (redevelopment of areas needing redevelopment generally). (4) IC 36-7-15.1 (redevelopment of areas in Marion County). (5) IC 36-7-30 (reuse of federal military bases). (6) IC 36-7-30.5 (development of multicounty federal military bases). (7) IC 36-7-32 (certified technology parks). (8) IC 36-7-32.5 (innovation development districts). (9) IC 36-7.5-4.5 (rail transit development districts). (b) The department shall, in each year beginning after December 31, 2025, and ending before January 1, 2034, adjust the base assessed value of each tax increment financing allocation area to neutralize the effect of the changing tax rates resulting year to year from the homestead deduction under IC 6-1.1-12-37 (c)(2) and IC 6-1.1-12-37.5 (c) and the deduction for eligible property under IC 6-1.1-12-47 . It is the intent of the general assembly that an increase in revenue from a change in tax rates resulting from these statutes accrue only to the base assessed value and not to the tax increment financing allocation area. However, in the case of a decrease in revenue from a change in tax rates resulting from these statutes, the department may neutralize the change under this subsection in a positive manner with regard to the tax increment financing allocation area to protect the ability to pay bonds based on incremental revenue, if the tax increment financing allocation area demonstrates to the department that an adjustment is needed before the department calculates a positive neutralization adjustment. IC 6-1.1-3 Chapter 3. Procedures for Personal Property Assessment 6-1.1-3-1 Residents and nonresidents; place of assessment; evidence of filing 6-1.1-3-1.5 "Filing date" 6-1.1-3-2 Property held by trustee, party, or receiver 6-1.1-3-2.5 Like kind exchanges of depreciable personal property 6-1.1-3-3 Estate of deceased individuals 6-1.1-3-4 Conflicts involving assessment location; settlement 6-1.1-3-5 Assessment books and blanks; delivery 6-1.1-3-6 Return; notification to taxpayer 6-1.1-3-7 Filing returns; extension of time; consolidated returns; churches and religious societies 6-1.1-3-7 Filing returns; extension of time; consolidated returns; churches and religious societies 6-1.1-3-7.2 Exemption for certain business personal property; information required on return 6-1.1-3-7.3 Repealed 6-1.1-3-7.5 Amended returns; tax adjustments; credits 6-1.1-3-8 Vending machine owners 6-1.1-3-9 Return; necessary information 6-1.1-3-10 Property located in two or more townships; additional returns 6-1.1-3-11 Repealed 6-1.1-3-12 Repealed 6-1.1-3-13 Repealed 6-1.1-3-14 Verification of returns 6-1.1-3-15 Failure to file return; alternative assessment procedures; election to file 6-1.1-3-16 Property converted for tax avoidance; assessment 6-1.1-3-17 Assessment list; certification to county auditor 6-1.1-3-18 Reports to county assessors and auditors; copies of returns 6-1.1-3-19 Information available to county assessor and county property tax assessment board of appeals 6-1.1-3-20 Change in valuation; notice 6-1.1-3-21 Preservation of records; inspection 6-1.1-3-22 Personal property tax rules; prohibition against amendment of certain rules; voided rules 6-1.1-3-22.5 Personal property tax; depreciable property; year of acquisition 6-1.1-3-23 General assembly findings; election of valuation method for special integrated steel mill or oil refinery; petrochemical equipment 6-1.1-3-23.5 Election of valuation method for mini-mill equipment 6-1.1-3-24 Valuation; outdoor advertising signs 6-1.1-3-25 Exemption from valuation limitations for property located in entrepreneur and enterprise district 6-1.1-3-26 Online portal for personal property tax returns; disclosure of information; reviewing information; calculating payment of any fee 6-1.1-3-26 Repealed 6-1.1-3-27 Fees 6-1.1-3-27 Repealed 6-1.1-3-28 Personal property online submission portal fund 6-1.1-3-28 Personal property online submission portal fund 6-1.1-3-29 Depreciable personal property 30% minimum valuation limitation
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