Indiana § 6-3.6-1-1.5 Transition of certain homestead credits to the property tax relief rate

Indiana Statutes

§ 6-3.6-1-1.5 — Transition of certain homestead credits to the property tax relief rate

Indiana § 6-3.6-1-1.5

Art. 3.6LOCAL INCOME TAXES

Ch. 1Purpose; Application; Transitional Provisions

This text of Indiana § 6-3.6-1-1.5 (Transition of certain homestead credits to the property tax relief rate) 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 § 6-3.6-1-1.5 (2026).

Text

Note: This version of section effective until 7-1-2027. See also following version of this section, effective 7-1-2027. Sec. 1.5.

(a)In counties that adopted a homestead credit under IC 6-3.5-6-13 (before its repeal January 1, 2017), the transition from the former taxes to the taxes governed under this article shall include the transition of the homestead credit under IC 6-3.5-6-13 (before its repeal January 1, 2017) to a property tax relief rate under IC 6-3.6-5.

(b)To accomplish the transition under this section, the department of local government finance shall determine the portion of the income tax rate under IC 6-3.5-6-8 (before its repeal January 1, 2017) that is attributable to the homestead credit approved under IC 6-3.5-6-13 (before its repeal January 1, 2017) and shall allocate

Free access — add to your briefcase to read the full text and ask questions with AI

Note: This version of section effective until 7-1-2027. See also
following version of this section, effective 7-1-2027.
Sec. 1.5. (a) In counties that adopted a homestead
credit under IC 6-3.5-6-13 (before its repeal January 1, 2017), the
transition from the former taxes to the taxes governed under this article
shall include the transition of the homestead credit under IC 6-3.5-6-13
(before its repeal January 1, 2017) to a property tax relief rate under IC 6-3.6-5.
(b) To accomplish the transition under this section, the department
of local government finance shall determine the portion of the income
tax rate under IC 6-3.5-6-8 (before its repeal January 1, 2017) that is
attributable to the homestead credit approved under IC 6-3.5-6-13
(before its repeal January 1, 2017) and shall allocate that portion of the
income tax rate that is attributable to the homestead credit under IC 6-3.5-6-13 (before its repeal January 1, 2017) to the property tax relief
rate under IC 6-3.6-5.
(c) The department of local government finance shall notify each
affected county of the rate that will be allocated to the property tax
relief rate not later than July 1, 2016. In addition, the department of
local government finance shall notify the state budget agency of the
transition under this section.
(d) The approval of the local income tax council is not required for
the transition of the homestead credit under IC 6-3.5-6-13 (before its
repeal January 1, 2017) to a property tax relief rate as set forth in this
section.