What happens if a business claims a Zone tax incentive and fails to meet the reinvestment requirements?
The State of Indiana and local urban enterprise associations monitor the state-mandated reinvestment requirements of Zone businesses claiming tax benefits. If a business fails to meet those performance requirements, the Marion Urban Enterprise Association would notify the local city council. At that time, the council may act to revoke that business’ eligibility for Zone benefits; and the State of Indiana is notified. A business may also lose enterprise Zone status by failing to pay their 1% fee to the State or by failing to meet reporting requirements. A business may appeal through their local urban enterprise association to the State for reinstatement, at which time the Indiana Economic Development Council would review their appeal and make a determination.
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