Indiana Statutes
§ 6-1.1-20.6-9.5 — Effect of credit on revenues
Indiana § 6-1.1-20.6-9.5
This text of Indiana § 6-1.1-20.6-9.5 (Effect of credit on revenues) 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 § 6-1.1-20.6-9.5 (2026).
Text
5.
(a)This section applies only to credits
under this chapter against property taxes first due and payable after
December 31, 2006.
(b)The application of the credit under this chapter results in a
reduction of the property tax collections of each political subdivision
in which the credit is applied. Except as provided in IC 20-46-1 and IC 20-46-9, a political subdivision may not increase its property tax levy
to make up for that reduction.
(c)A political subdivision may not borrow money to compensate the
political subdivision or any other political subdivision for the reduction
of property tax collections referred to in subsection (b).
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Legislative History
As added by P.L.162-2006, SEC.13. Amended by P.L.172-2011,
SEC.41; P.L.218-2013, SEC.11; P.L.272-2019, SEC.2.
Nearby Sections
15
§ 6-1.1-1-1
Applicability§ 6-1.1-1-1.5
"Assessing official"§ 6-1.1-1-10
"Person"§ 6-1.1-1-11
"Personal property"§ 6-1.1-1-12
"Political subdivision"§ 6-1.1-1-13
Repealed§ 6-1.1-1-14
"Property taxation"§ 6-1.1-1-15
"Real property"§ 6-1.1-1-16
"School corporation"§ 6-1.1-1-17
"Special assessment"§ 6-1.1-1-18
"State agency"§ 6-1.1-1-19
"Tangible property"§ 6-1.1-1-2
"Assessment date"§ 6-1.1-1-20
"Taxing district"§ 6-1.1-1-21
"Taxing unit"Cite This Page — Counsel Stack
Bluebook (online)
Indiana § 6-1.1-20.6-9.5, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/6-1.1-20.6-9.5.