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36-7.5-4.5-26. Annual reporting requirement for retail merchants operating in a transit development district; duty of development authority and politcal subdivisions to provide information

IN Code § 36-7.5-4.5-26 (2019) (N/A)
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Sec. 26. (a) Retail merchants operating in the district shall report, in the manner and in the form prescribed by the department, information that the department determines necessary to calculate the gross retail tax base period amount or gross retail tax increment revenue.

(b) At the request of the department, the development authority and any political subdivision in which all or a part of the district is located shall disclose to the department the names of the retail merchants described in subsection (a) and such other information that may assist in the determination of the gross retail tax base period amount or gross retail tax increment revenue.

(c) At the request of the department, a political subdivision in which the district is located shall provide to the department information requested by the department concerning permits issued by the political subdivision to retail merchants operating within the corridor.

(d) If the department is unable to determine the extent to which taxes remitted by a retail merchant are gross retail tax increment revenue for purposes of this chapter, the department shall use the best information available in calculating the gross retail tax increment revenue.

As added by P.L.248-2017, SEC.10.

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36-7.5-4.5-26. Annual reporting requirement for retail merchants operating in a transit development district; duty of development authority and politcal subdivisions to provide information