§ 12-20-25-43 — Maximum ad valorem property tax insufficient to pay all township assistance claims; dedication of other revenue

Indiana § 12-20-25-43

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

Text

Notwithstanding IC 6-3.6, if:
(1) there has been a controlled township in a county;
(2) the township that has been controlled has levied the township's
maximum permissible ad valorem property tax levy for township
assistance;
(3) the maximum permissible ad valorem property tax levy is
insufficient to ensure the payment within thirty (30) days of all
valid township assistance claims in the township; and
(4) the local income tax is in effect in the county as a result of
adopting a financial plan under this chapter;
the county fiscal body shall dedicate from the local income tax imposed
under this chapter an amount of revenue determined by the department
to be necessary to ensure the payment within thirty (30) days of all
township assistance claims in the township that has been controlled.
The county fiscal body shall distribute any local income tax revenues
dedicated under this section before the fiscal body makes any other
distributions in accordance with this chapter. Notwithstanding section
45 of this chapter, the county fiscal body may not reduce the local
income tax rate below the rate necessary to satisfy the requirements of
this section.
[Pre-1992 Revision Citation: 12-2-14-37.]

Legislative History

As added by P.L.2-1992, SEC.14. Amended by P.L.90-2002, SEC.362; P.L.73-2005, SEC.141; P.L.197-2016, SEC.110.