TIF revisited

20 Indiana Administrative Code 2-1-10
As used in this article, "captured assessment" means the amount of allocation area assessment used to calucate the tax increment.

Ben Lanka writes in his article Harrison Square Turns on Mall Tax, "Tax increment districts capture property taxes generated by development within the district."

20 Indiana Administrative Code 2-1-20 As used in this article, "tax increment" means the property taxes generated from the captured assessment.


Nowhere does it says development but area, but it does say:
20 Indiana Aministrative Code 2-2-1

Sec. 1. This rule applies to the establishment of allocation areas by redevelopment commissions and to the generation and use of tax increment in those areas. The following subject areas will be addressed by these rules:
(1) Section 2 of this rule addresses the designation of the geographical boundaries of an allocation area by the redevelopment commission, the findings that must be made before an allocation area is designated, and the determination whether the program
includes allocation area personal property.
(
2) Section 3 of this rule addresses the effect on the base assessment of a change of the size of an allocation area or a change of the base assessment date.

(3) Section 4 of this rule addresses the calculation of the potential captured assessment and the captured assessment.
(4) Section 5 of this rule addresses the application of the property tax rate of each taxing unit to the assessed valuation of the
taxing unit both within and without the allocation area.
(5) Section 6 of this rule describes the application of the PTR credit, the additional credit, and the housing program credit.
(6) Sections 7 through 8 of this rule describe the records that the county auditor must keep when there is not, and when there
is, tax increment.
(7) Sections 9 through 10 of this rule are examples of the apportionment of individual assessments under a program that
includes only real property and under a program that includes both real and personal property.
(8) Section 11 addresses the method for determining captured assessments when less than the full amount of potential captured
assessment is required to generate the needed tax increment.
(9) Section 12 of this rule describes the adjustments that the state board of tax commissioners must make after a general
reassessment of real property.
(10) Section 13 of this rule describes the permissible uses of tax increment by the redevelopment commission.
(State Board of Accounts; 20 IAC 2-2-1; filed Jan 30, 1989, 2:40 p.m.: 12 IR 1340; readopted filed Nov 8, 2001, 2:00