Indiana § 6-1.1-10.3-5 Adoption of exemption ordinance by local income tax council

Indiana Statutes

§ 6-1.1-10.3-5 — Adoption of exemption ordinance by local income tax council

Indiana § 6-1.1-10.3-5

Art. 1.1PROPERTY TAXES

Ch. 10.3County Option Exemption of Business Personal

This text of Indiana § 6-1.1-10.3-5 (Adoption of exemption ordinance by local income tax council) 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 § 6-1.1-10.3-5 (2026).

Text

Note: This version of section effective until 7-1-2027. See also following version of this section, effective 7-1-2027. Sec. 5.

(a)A local income tax council may adopt an exemption ordinance that exempts new personal property located in the county from property taxation as provided in section 6 of this chapter.

(b)For purposes of adopting an exemption ordinance under this chapter, a local income tax council is comprised of the same members as the local income tax council that is established by IC 6-3.6-3-1 for the county, regardless of whether a local income tax is in effect in the county and regardless of how the local income tax in effect in the county is allocated. Except as provided in this chapter, the local income tax council shall use the same procedures that apply under IC 6-3.6-

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Note: This version of section effective until 7-1-2027. See also
following version of this section, effective 7-1-2027.
Sec. 5. (a) A local income tax council may adopt an
exemption ordinance that exempts new personal property located in the
county from property taxation as provided in section 6 of this chapter.
(b) For purposes of adopting an exemption ordinance under this
chapter, a local income tax council is comprised of the same members
as the local income tax council that is established by IC 6-3.6-3-1 for
the county, regardless of whether a local income tax is in effect in the
county and regardless of how the local income tax in effect in the
county is allocated. Except as provided in this chapter, the local income
tax council shall use the same procedures that apply under IC 6-3.6-3
when acting under this chapter.
(c) Before adopting an exemption ordinance under this section, a
local income tax council must conduct a public hearing on the
proposed exemption ordinance. The local income tax council must
publish notice of the public hearing in accordance with IC 5-3-1.
(d) The local income tax council shall provide a certified copy of an
adopted exemption ordinance to the department of local government
finance and the county auditor.