§ 36-1.5-3-4 — Adjustment of maximum property tax levies, property tax rates, and budgets

Indiana § 36-1.5-3-4

• Jurisdiction: Indiana
• Title 36: LOCAL GOVERNMENT
• Art. 1.5: GOVERNMENT MODERNIZATION
• Ch. 3: Adjustment of Maximum Permissible Levies, Tax Rates,

Text

(a) Subject to this chapter, the department of
local government finance shall adjust the maximum permissible
property tax levies, maximum permissible property tax rates, and
budgets of political subdivisions that enter into a reorganization under
this article as provided in section 5 of this chapter.
(b) Upon the termination of a reorganization under this chapter, the
department of local government finance shall adjust the maximum
permissible property tax levies, maximum permissible property tax
rates, and budgets of political subdivisions terminating the
reorganization to do the following:
(1) Restore taxing powers of a political subdivision after the
termination of a reorganization under this article that are
necessary to fund governmental services to the individuals and
entities served by the political subdivision.
(2) Restore taxing powers of a political subdivision after the
withdrawal of a party from a reorganization under this article that
are necessary to fund governmental services to the individuals
and entities served by the political subdivision.

Legislative History

As added by P.L.186-2006, SEC.4. Amended by P.L.255-2013, SEC.6.