§ 12-20-25-44 — Distribution of local income tax; rescission of tax; termination of tax

(a) This section applies after the
termination of the controlled status of all townships located in a county
as provided in section 41 of this chapter.
(b) If the local income tax is imposed under this chapter, the tax
shall be distributed as provided in section 46 of this chapter. If the
county fiscal body has not dedicated local income tax revenue for
township assistance under section 41 of this chapter, the county fiscal
body may rescind the tax as provided in IC 6-3.6. If the county fiscal
body has dedicated local income tax revenue for township assistance
under section 41 of this chapter, the county fiscal body may rescind the
tax but not until after the end of the year following the termination of
the controlled status of the township.
(c) If:
(1) the local income tax (IC 6-3.6) was in effect before the local
income tax rate is imposed under this chapter; and
(2) the county fiscal body did not dedicate local income tax
revenue for township assistance under section 41 of this chapter;
the local income tax imposed under this chapter terminates as of the
date the controlled status of all townships located in the county
terminates.
[Pre-1992 Revision Citation: 12-2-14-38.]

Legislative History

As added by P.L.2-1992, SEC.14. Amended by P.L.73-2005, SEC.142; P.L.197-2016, SEC.111.