§ 36-6-1.5-12 — Budget, levy, and tax rate of new township; savings; adjustments

Indiana § 36-6-1.5-12

• Jurisdiction: Indiana
• Title 36: LOCAL GOVERNMENT
• Art. 6: GOVERNMENT OF TOWNSHIPS
• Ch. 1.5: Merger of Township Governments

Text

(a) Subject to subsection (b), the officers of
the new township government shall:
(1) obtain from the department of local government finance
approval under IC 6-1.1-18.5-7 of:
(A) a budget;
(B) an ad valorem property tax levy; and
(C) a property tax rate;
(2) fix the annual budget under IC 6-1.1-17;
(3) impose a property tax levy; and
(4) take any action necessary to ensure the collection of fees and
other revenue;
for the new township government for the budget year following the
year the officers take office.
(b) The resolutions approving the township government merger
under this chapter must specify the amount (if any) of the decrease that
the department of local government finance shall make to the
maximum permissible property tax levies, maximum permissible
property tax rates, and budgets under IC 6-1.1-17 and IC 6-1.1-18.5 of
the new township to:
(1) eliminate double taxation for services or goods provided by
the new township; or
(2) eliminate any excess by which the amount of property taxes
imposed by the new township exceeds the amount necessary to
pay for services or goods provided under this article.
(c) The fiscal body of the new township shall determine and certify
to the department of local government finance the amount of the
adjustment (if any) under subsection (b). The amount of the adjustment
(if any) to be made under subsection (b) must comply with the
resolutions approving the township government merger.

Legislative History

As added by P.L.240-2005, SEC.3. Amended by P.L.58-2011, SEC.4; P.L.255-2013, SEC.14.