(A) There shall be available, within the jurisdictional limits of the county, a program of property tax abatements in accordance with I.C. 6-1.1-12.1, as amended from time to time, for the redevelopment and/or rehabilitation of commercial and industrial property, and for the acquisition and installation of new manufacturing equipment in areas within the jurisdiction of the county authority, which is hereafter designated by the County Council as “Economic Revitalization Areas”.
(B) The terms “Economic Revitalization Areas”, “new manufacturing equipment”, “property”, “redevelopment”, and “rehabilitation”, as used in §§ 35.20 through 35.26, shall have the same meaning as said terms are defined by I.C. 6-1.1-12.1-1, and as provided for in I.C. 6-1.1-12.1-2. The term “new” manufacturing equipment, in some cases, may include certain used equipment.
(Council Ord. 2017-02, passed 10-22-2018)