IN HB1463

Removes restrictions on activating a third community revitalization enhancement district (CRED) in Delaware County by repealing IC 6-3.1-19-5.5 and IC 36-7-13-23.

Eliminates language that prevented certain districts from applying tax credit and incremental tax financing provisions under IC 6-3.1-19 and IC 36-7-13.

Allows taxpayers to claim CRED tax credits regardless of whether income tax incremental amounts or gross retail incremental amounts have been deposited in or allocated to the district.

Takes effect upon passage with an emergency declaration.