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(A) The Town Council is authorized to create economic revitalization areas within the town.
(B) I.C. 6-1.1-12.1-1 et seq., as it may be amended from time to time, shall govern all petitions seeking a maximum ten year real property reassessment and a maximum five year amortization for manufacturing equipment. The Town Council shall select either a three-, six- or ten-year deduction for each real property petition.
(C) Upon adoption of appropriate resolutions pursuant to state law, the Council may declare economic revitalization areas throughout the town.
('88 Code, § 4-4-1)
(D) (1) A person who desires designation of an area as an Economic Revitalization Area, as defined by I.C. 6-1.1-12.1-1, or who requests a tax deduction pursuant to I.C. 6-1.1-12.1-3 or I.C. 1.1-12.1-45 shall file an application at the Hamilton Town Hall and pay filing fees as follows:
(a) $500 for a deduction application related to personal property;
(b) $500 for a deduction application related to real property;
(c) $850 for the deduction application related to personal property and real property.
(2) However, the filling fee charged for filing a designation application for a parcel that contains one or more owner-occupied, single family dwellings shall not exceed the cost of publication of any required notice. Also the petitioner may not file for a change in assessment for the said property during this abatement.
(Am. Ord. 2013-2, passed 4-1-13)