Indiana § 6-3.6-11-5.5 Lake County; rail project; additional revenue allocated for economic
development

Indiana Statutes

§ 6-3.6-11-5.5 — Lake County; rail project; additional revenue allocated for economic development

Indiana § 6-3.6-11-5.5

Art. 3.6LOCAL INCOME TAXES

Ch. 11Supplemental Allocation and Distribution

This text of Indiana § 6-3.6-11-5.5 (Lake County; rail project; additional revenue allocated for economic development) 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 § 6-3.6-11-5.5 (2026).

Text

Note: This version of section effective until 1-1-2028. See also following version of this section, effective 1-1-2028. Sec. 5.5.

(a)This section applies to Lake County for purposes of categorizations, allocations, and distributions of additional revenue that is allocated each year for economic development purposes under IC 6-3.6-6-9 and of certified shares under IC 6-3.6-6. Additional revenue that is allocated each year for economic development purposes by a civil taxing unit listed in IC 6-3.6-9-5(d) must first be used to provide funding for a rail project (as defined in IC 36-7.5-1-13.5).

(b)Before the state comptroller may make a certified distribution of additional revenue allocated for economic development purposes under IC 6-3.6-6-9, the state comptroller shall withhold the total

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Note: This version of section effective until 1-1-2028. See also
following version of this section, effective 1-1-2028.
Sec. 5.5. (a) This section applies to Lake County for
purposes of categorizations, allocations, and distributions of additional
revenue that is allocated each year for economic development purposes
under IC 6-3.6-6-9 and of certified shares under IC 6-3.6-6. Additional
revenue that is allocated each year for economic development purposes
by a civil taxing unit listed in IC 6-3.6-9-5(d) must first be used to
provide funding for a rail project (as defined in IC 36-7.5-1-13.5).
(b) Before the state comptroller may make a certified distribution of
additional revenue allocated for economic development purposes under
IC 6-3.6-6-9, the state comptroller shall withhold the total amount
determined by the department of local government finance under IC 6-3.6-9-5(d) from the certified distribution allocated to economic
development. The amount withheld by the state comptroller under this
section shall be paid to the secretary-treasurer of the northwest Indiana
regional development authority (IC 36-7.5) before a certified
distribution allocated to economic development is made to the county
and before the county auditor may otherwise allocate or distribute tax
revenue under this article.