§ 12-20-25-34 — Financial plan; contents

Indiana § 12-20-25-34

• Jurisdiction: Indiana
• Art. 20: TOWNSHIP ASSISTANCE
• Ch. 25: Township Assistance in Distressed Townships

Text

Note: This version of section effective until 7-1-2027. See also
following version of this section, effective 7-1-2027.
Sec. 34. The financial plan adopted under section
33 of this chapter may include the following:
(1) The adoption in the current year of a local income tax rate
under IC 6-3.6 not to exceed one percent (1%). If a local income
tax rate is imposed under this chapter, the ordinance must specify
whether any revenue in excess of the rate needed to carry out the
financial plan is to be used for property tax relief (IC 6-3.6-5) or
as additional revenue (IC 6-3.6-6). The revenue from the tax rate
under this section shall be distributed as provided in this chapter.
The adoption of a local income tax rate under this chapter is in
addition to the local income tax rate under IC 6-3.6 that may
already be in effect in the county.
(2) The payment of township assistance with county money.
(3) The elimination or reduction of township assistance services
not required under this article.
[Pre-1992 Revision Citation: 12-2-14-29.]

Legislative History

As added by P.L.2-1992, SEC.14. Amended by P.L.73-2005, SEC.135; P.L.197-2016, SEC.103.