Indiana § 6-3.6-11-3 Lake County; former tax categorized under property tax relief rates;
uses of revenue from the tax rate; revenue not considered in computing
maximum levy

Indiana Statutes

§ 6-3.6-11-3 — Lake County; former tax categorized under property tax relief rates; uses of revenue from the tax rate; revenue not considered in computing maximum levy

Indiana § 6-3.6-11-3

Art. 3.6LOCAL INCOME TAXES

Ch. 11Supplemental Allocation and Distribution

This text of Indiana § 6-3.6-11-3 (Lake County; former tax categorized under property tax relief rates; uses of revenue from the tax rate; revenue not considered in computing maximum levy) 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 § 6-3.6-11-3 (2026).

Text

Note: This version of section effective until 7-1-2027. See also following version of this section, effective 7-1-2027. Sec. 3.

(a)This section applies to Lake County's categorizations, allocations, and distributions under IC 6-3.6-5.

(b)The rate under the former tax in Lake County that was used for any of the following shall be categorized under IC 6-3.6-5, and the Lake County council may adopt an ordinance providing that the revenue from the tax rate under this section may be used for any of the following:

(1)To reduce all property tax levies imposed by the county by the granting of property tax replacement credits against those property tax levies.

(2)To provide local property tax replacement credits in Lake County in the following manner:

(A)The tax revenue under this section that

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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. 3. (a) This section applies to Lake County's
categorizations, allocations, and distributions under IC 6-3.6-5.
(b) The rate under the former tax in Lake County that was used for
any of the following shall be categorized under IC 6-3.6-5, and the
Lake County council may adopt an ordinance providing that the
revenue from the tax rate under this section may be used for any of the
following:
(1) To reduce all property tax levies imposed by the county by the
granting of property tax replacement credits against those
property tax levies.
(2) To provide local property tax replacement credits in Lake
County in the following manner:
(A) The tax revenue under this section that is collected from
taxpayers within a particular municipality in Lake County (as
determined by the department of state revenue based on the
department's best estimate) shall be used only to provide a local
property tax credit against property taxes imposed by that
municipality.
(B) The tax revenue under this section that is collected from
taxpayers within the unincorporated area of Lake County (as
determined by the department of state revenue) shall be used
only to provide a local property tax credit against property taxes
imposed by the county. The local property tax credit for the
unincorporated area of Lake County shall be available only to
those taxpayers within the unincorporated area of the county.
(3) To provide property tax credits in the following manner:
(A) Sixty percent (60%) of the tax revenue shall be used as
provided in subdivision (2).
(B) Forty percent (40%) of the tax revenue shall be used to
provide property tax replacement credits against property tax
levies of the county and each township and municipality in the
county. The percentage of the tax revenue distributed under this
item that shall be used as credits against the county's levies or
against a particular township's or municipality's levies is equal
to the percentage determined by dividing the population of the
county, township, or municipality by the sum of the total
population of the county, each township in the county, and each
municipality in the county.
The Lake County council shall determine whether the credits under
subdivision (1), (2), or (3) shall be provided to homesteads, to all
qualified residential property, or to all taxpayers. The department of
local government finance, with the assistance of the budget agency,
shall certify to the county auditor and the fiscal body of the county and
each township and municipality in the county the amount of property
tax credits under this section. The tax revenue under this section that
is used to provide credits under this section shall be treated for all
purposes as property tax levies but shall not be considered for purposes
of computing the maximum permissible property tax levy under IC 6-1.1-18.5-3 or the credit under IC 6-1.1-20.6.