Indiana § 36-7.5-4.5-21 Allocation and distribution of incremental property tax revenue in
transit development district

Indiana Statutes

§ 36-7.5-4.5-21 — Allocation and distribution of incremental property tax revenue in transit development district

Indiana § 36-7.5-4.5-21

Title 36LOCAL GOVERNMENT

Art. 7.5NORTHWEST INDIANA REGIONAL

Ch. 4.5Rail Transit Development Districts

This text of Indiana § 36-7.5-4.5-21 (Allocation and distribution of incremental property tax revenue in transit development district) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 36-7.5-4.5-21 (2026).

Text

(a)If a district is established, the county auditor in each county in which the district is located shall distribute to the development authority, or the redevelopment commission that would otherwise receive the incremental property tax revenues under IC 36-7-14 in the case of a cash participant county, the lesser of:

(1)the property tax increment revenue collected in the district in the amount specified by the development authority or redevelopment commission; or

(2)all the property tax increment revenue collected in the district. In the case of a district that is established in a cash participant county, the county auditor shall distribute any excess district property tax revenue increment to the political subdivisions that would otherwise receive the revenue under IC 36-7-14 as if th

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(a) If a district is established, the county
auditor in each county in which the district is located shall distribute to
the development authority, or the redevelopment commission that
would otherwise receive the incremental property tax revenues under
IC 36-7-14 in the case of a cash participant county, the lesser of:
(1) the property tax increment revenue collected in the district in
the amount specified by the development authority or
redevelopment commission; or
(2) all the property tax increment revenue collected in the district.
In the case of a district that is established in a cash participant county,
the county auditor shall distribute any excess district property tax
revenue increment to the political subdivisions that would otherwise
receive the revenue under IC 36-7-14 as if the increment were
attributable to the base assessed value of the allocation area within the
district.
(b) If a district established in a member county includes a tax area
established under IC 36-7-14 before January 1, 2017, the development
authority and the redevelopment commission receiving property tax
revenues under IC 36-7-14 shall use their best efforts to come to an
agreement on how much property tax increment revenue will be
allocated between the development authority and the redevelopment
commission, recognizing that any existing obligations of the
redevelopment commission would have priority over any later
obligations of the development authority. The county auditor shall
distribute to the development authority the amount of property tax
increment revenue that is allocated to the development authority.
(c) The development authority shall deposit all property tax
increment revenue received in the appropriate district account in the
south shore improvement and development fund.