Compliance With Statement Of Benefits Real Estate Improvements {51766} | | Indiana

 Indiana /  Statewide /  Department Of Local Government Finance /
Compliance With Statement Of Benefits Real Estate Improvements {51766} |  | Indiana

Compliance With Statement Of Benefits Real Estate Improvements {51766}

This is a Indiana form that can be used for Department Of Local Government Finance within Statewide.

Alternate TextLast updated: 6/6/2013

Included Formats to Download
$ 13.99

Description

COMPLIANCE WITH STATEMENT OF BENEFITS REAL ESTATE IMPROVEMENTS State Form 51766 (R3 / 2-13) 20____ PAY 20____ FORM CF-1 / Real Property PRIVACY NOTICE Prescribed by the Department of Local Government Finance The cost and any specific individuals salary information is confidential; the balance of the filing is public record per IC 6-1.1-12.1-5.1 (c) and (d). INSTRUCTIONS: 1. This form does not apply to property located in a residentially distressed area or any deduction for which the Statement of Benefits was approved before July 1, 1991. 2. Property owners must file this form with the county auditor and the designating body for their review regarding the compliance of the project with the Statement of Benefits (Form SB-1/Real Property). 3. This form must accompany the initial deduction application (Form 322/RE) that is filed with the county auditor. 4. This form must also be updated each year in which the deduction is applicable. It is filed with the county auditor and the designating body before May 15, or by the due date of the real property owners personal property return that is filed in the township where the property is located. (IC 6-1.1-12.1-5.1(b)) 5. With the approval of the designating body, compliance information for multiple projects may be consolidated on one (1) compliance form (Form CF-1/Real Property). SECTION 1 Name of taxpayer Address of taxpayer (number and street, city, state, and ZIP code) Name of contact person TAXPAYER INFORMATION County DLGF taxing district number Telephone number ( SECTION 2 Name of designating body Location of property Description of real property improvements ) LOCATION AND DESCRIPTION OF PROPERTY Resolution number Estimated start date (month, day, year) Actual start date (month, day, year) Estimated completion date (month, day, year) Actual completion date (month, day, year) SECTION 3 Current number of employees Salaries Number of employees retained Salaries Number of additional employees Salaries SECTION 4 COST AND VALUES AS ESTIMATED ON SB-1 Values before project Plus: Values of proposed project Less: Values of any property being replaced Net values upon completion of project EMPLOYEES AND SALARIES EMPLOYEES AND SALARIES AS ESTIMATED ON SB-1 ACTUAL COST AND VALUES COST REAL ESTATE IMPROVEMENTS ASSESSED VALUE ACTUAL ASSESSED VALUE COST Values before project Plus: Values of proposed project Less: Values of any property being replaced Net values upon completion of project SECTION 5 WASTE CONVERTED AND OTHER BENEFITS PROMISED BY THE TAXPAYER AS ESTIMATED ON SB-1 ACTUAL WASTE CONVERTED AND OTHER BENEFITS Amount of solid waste converted Amount of hazardous waste converted Other benefits: SECTION 6 Signature of authorized representative TAXPAYER CERTIFICATION I hereby certify that the representations in this statement are true. Title Date signed (month, day, year) Page 1 of 2 American LegalNet, Inc. www.FormsWorkFlow.com OPTIONAL: FOR USE BY A DESIGNATING BODY WHO ELECTS TO REVIEW THE COMPLIANCE WITH STATEMENT OF BENEFITS (FORM CF-1) THAT WAS APPROVED AFTER JUNE 30, 1991 INSTRUCTIONS: (IC 6-1.1-12.1-5.1 and IC 6-1.1-12.1-5.9) 1. Not later than forty-five (45) days after receipt of this form, the designating body may determine whether or not the property owner has substantially complied with the Statement of Benefits (Form SB-1/Real Property). 2. If the property owner is found NOT to be in substantial compliance, the designating body shall send the property owner written notice. The notice must include the reasons for the determination and the date, time and place of a hearing to be conducted by the designating body. The date of this hearing may not be more than thirty (30) days after the date this notice is mailed. A copy of the notice may be sent to the county auditor and the county assessor. 3. Based on the information presented at the hearing, the designating body shall determine whether or not the property owner has made reasonable efforts to substantially comply with the Statement of Benefits (Form SB-1/Real Property) and whether any failure to substantially comply was caused by factors beyond the control of the property owner. 4. If the designating body determines that the property owner has NOT made reasonable efforts to comply, then the designating body shall adopt a resolution terminating the property owners deduction. If the designating body adopts such a resolution, the deduction does not apply to the next installment of property taxes owed by the property owner or to any subsequent installment of property taxes. The designating body shall immediately mail a certified copy of the resolution to: (1) the property owner; (2) the county auditor; and (3) the county assessor. We have reviewed the CF-1 and find that: the property owner IS in substantial compliance the property owner IS NOT in substantial compliance other (specify) Reasons for the determination (attach additional sheets if necessary) Signature of authorized member Attested by: Designating body Date signed (month, day, year) If the property owner is found not to be in substantial compliance, the property owner shall receive the opportunity for a hearing. The following date and time has been set aside for the purpose of considering compliance. (Hearing must be held within thirty (30) days of the date of mailing of this notice.) Time of hearing AM PM Date of hearing (month, day, year) Location of hearing HEARING RESULTS (to be completed after the hearing) Approved Reasons for the determination (attach additional sheets if necessary) Denied (see instruction 5 above) Signature of authorized member Attested by: Designating body Date signed (month, day, year) APPEAL RIGHTS [IC 6-1.1-12.1-5.9(e)] A property owner whose deduction is denied by the designating body may appeal the designating bodys decision by filing a complaint in the office of the Circuit or Superior Court together with a bond conditioned to pay the costs of the appeal if the appeal is determined against the property owner. Page 2 of 2 American LegalNet, Inc. www.FormsWorkFlow.com

Our Products