§ 36-9-14.5-6 — Tax levy; rate of tax

Indiana § 36-9-14.5-6

• Jurisdiction: Indiana
• Title 36: LOCAL GOVERNMENT
• Art. 9: TRANSPORTATION AND PUBLIC WORKS
• Ch. 14.5: County Cumulative Capital Development Fund

Text

(a) The county fiscal body may provide
money for the cumulative capital development fund by levying a tax in
compliance with IC 6-1.1-41 on the taxable property in the county. For
purposes of this section, a county in which only the county economic
development income tax (IC 6-3.5-7, repealed) was in effect on January
1, 2016, is considered a county in which the local income tax is not in
effect unless the county increases, after 2015, the allocation of its local
income tax revenue to property tax relief, public safety, or certified
shares by an amount that is at least equal to the revenue raised from an
income tax rate of twenty-five hundredths percent (0.25%).
(b) The maximum property tax rate that may be imposed for
property taxes first due and payable during a particular year in a county
in which the local income tax is in effect on January 1 of that year,
depends upon the number of years the county has previously imposed
a tax under this chapter and is determined under the following table:
(c) The maximum property tax rate that may be imposed for
property taxes first due and payable during a particular year in a county
in which the local income tax is not in effect on January 1 of that year
depends upon the number of years the county has previously imposed
a tax under this chapter and is determined under the following table:

Legislative History

As added by P.L.44-1984, SEC.16. Amended by P.L.17-1995, SEC.29; P.L.146-2008, SEC.791; P.L.197-2016, SEC.149.