§ 6-3.6-11-5 — Marion County's allocation of tax revenue

Indiana § 6-3.6-11-5

• Jurisdiction: Indiana
• Art. 3.6: LOCAL INCOME TAXES
• Ch. 11: Supplemental Allocation and Distribution

Text

(a) This section applies to Marion County's
allocation of the tax revenue under IC 6-3.6-6 that is dedicated to
certified shares.
(b) The consolidated city, the county, all special taxing districts,
special service districts, included towns (as defined in IC 36-3-1-7),
and all other political subdivisions except:
(1) townships;
(2) excluded cities (as defined in IC 36-3-1-7); and
(3) school corporations;
are considered to comprise one (1) civil taxing unit whose fiscal body
is the fiscal body of the consolidated city.
(c) For purposes of subsection (d), the following amounts are
referred to as the subsection (c) ratio:
(d) The distributive shares that each civil taxing unit in the county
is entitled to receive during a month equals the total amount of
revenues that are to be distributed as distributive shares during that
month calculated as follows:
STEP ONE: Determine the total amount of revenues that were
distributed as distributive shares during that month in calendar
year 1995.
STEP TWO: Determine the total amount of revenue that the
department has certified as distributive shares for that month
under IC 6-3.6-6 for the calendar year.
STEP THREE: Subtract the STEP ONE result from the STEP
TWO result.
STEP FOUR: If the STEP THREE result is less than or equal to
zero (0), multiply the STEP TWO result by the applicable
subsection (c) ratio for the civil taxing unit.
STEP FIVE: Determine the ratio of:
(A) the maximum permissible property tax levy under IC 6-1.1-18.5 for each civil taxing unit for the calendar year in
which the month falls, plus, for a county, the welfare
allocation amount; divided by
(B) the sum of the maximum permissible property tax levies
under IC 6-1.1-18.5 for all civil taxing units of the county
during the calendar year in which the month falls, and an
amount equal to the welfare allocation amount.
STEP SIX: If the STEP THREE result is greater than zero (0),
the STEP ONE amount shall be distributed by multiplying the
STEP ONE amount by the subsection (c) ratio.
STEP SEVEN: For each taxing unit determine the STEP FIVE
ratio multiplied by the STEP TWO amount.
STEP EIGHT: For each civil taxing unit determine the
difference between the STEP SEVEN amount minus the
product of the STEP ONE amount multiplied by the subsection
(c) ratio. The STEP THREE excess shall be distributed as
provided in STEP NINE only to the civil taxing units that have
a STEP EIGHT difference greater than or equal to zero (0).
STEP NINE: For the civil taxing units qualifying for a
distribution under STEP EIGHT, each civil taxing unit's share
equals the STEP THREE excess multiplied by the ratio of:
(A) the maximum permissible property tax levy under IC 6-1.1-18.5 for the qualifying civil taxing unit during the
calendar year in which the month falls, plus, for a county, an
amount equal to the welfare allocation amount; divided by
(B) the sum of the maximum permissible property tax levies
under IC 6-1.1-18.5 for all qualifying civil taxing units of the
county during the calendar year in which the month falls, and
an amount equal to the welfare allocation amount.

Legislative History

As added by P.L.243-2015, SEC.10.