EZB-R
Any business that accesses at least one of the incentives must file an Enterprise Zone Business Registration (EZB-R) form each year following the year the tax savings is claimed. This form must be postmarked no later than June 1 in the year it is due. The information provided is for the previous calendar year. If a business feels it cannot complete and submit the form on time, it can file an Enterprise Zone Business Extension (EZB-E) form that also must be postmarked no later than June 1 in the year it is due. If a business receives an approved extension from the Indiana State Enterprise Zone Board, it must submit their EZB-R postmarked no later than July 16 in the year it is due (Indiana Code does not allow exceptions).
Registration Fee
In addition to an EZB-R, any business whose tax savings exceed $1,000 must submit a 1% registration fee to the Indiana State Enterprise Zone Board for administration purposes. (Example: business saves $5,000; registration fee is $50) (IC4-4-6.1-2)
Reinvestment Requirement
As a participant of the program, a business is required to reinvest all of its tax savings (except for the registration fee) into is property or employees in the zone.
(IC 4-4-6.1-2)
Remain Open
As a participant of the program, a business must remain open and operating as a zone business for twelve (12) months of the assessment year for which the incentive is claimed. (IC 4-4-6.1-2)
Contribute to Urban Enterprise Association
Each Zone business must contribute a percentage of their Zone tax savings to their local urban enterprise association. This percentage is set by the local city council. The required reinvestment percentage for Marion Zone businesses to the local urban enterprise association is 35%. (IC 4-4-6.1-2)
Other
A business located outside of Indiana that relocates or locates in an Indiana Enterprise Zone may do so and access the incentives available. An Indiana business that locates in a Zone may do the same. However, an Indiana business that relocates from a non-Zone area in Indiana to a Zone area must go through a relocation hearing and provide documentation as to why the relocation was necessary.