Indiana § 6-3.6-9-21 Budget agency accounting for each county based on annual tax returns;
undistributed amounts held in state and local income tax holding
account; transfer and distribution of amounts

Indiana Statutes

§ 6-3.6-9-21 — Budget agency accounting for each county based on annual tax returns; undistributed amounts held in state and local income tax holding account; transfer and distribution of amounts

Indiana § 6-3.6-9-21

Art. 3.6LOCAL INCOME TAXES

Ch. 9Distribution of Revenue

This text of Indiana § 6-3.6-9-21 (Budget agency accounting for each county based on annual tax returns; undistributed amounts held in state and local income tax holding account; transfer and distribution of amounts) 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 § 6-3.6-9-21 (2026).

Text

Effective 7-1-2027. Sec. 21.

(a)The budget agency shall maintain an accounting for each county imposing a tax based on annual returns filed by or for county taxpayers. Beginning after December 31, 2027, any undistributed amounts so accounted shall be held for purposes of the state and local income tax holding account.

(b)After December 1 but before December 31 of each year, the budget agency shall present to the budget committee a report of the following:

(1)An estimate of the monthly certified distribution amounts for the immediately succeeding calendar year.

(2)A description of the method used to determine the monthly estimates under subdivision (1).

(c)Beginning in 2028, and in each calendar year thereafter, the budget agency shall each month transfer to the state and local income

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Effective 7-1-2027.
Sec. 21. (a) The budget agency shall maintain an
accounting for each county imposing a tax based on annual returns
filed by or for county taxpayers. Beginning after December 31, 2027,
any undistributed amounts so accounted shall be held for purposes of
the state and local income tax holding account.
(b) After December 1 but before December 31 of each year, the
budget agency shall present to the budget committee a report of the
following:
(1) An estimate of the monthly certified distribution amounts for
the immediately succeeding calendar year.
(2) A description of the method used to determine the monthly
estimates under subdivision (1).
(c) Beginning in 2028, and in each calendar year thereafter, the
budget agency shall each month transfer to the state and local income
tax holding account the amount determined for the month under
subsection (b)(1) for distribution under this chapter.
(d) In the case of a county that imposes a tax rate under IC 6-3.6-6-2
or a municipality that imposes a tax rate under IC 6-3.6-6-22 beginning
after December 31, 2027, the budget agency shall withhold, from each
of the first three (3) annual certified distributions resulting from the tax
rate, an amount equal to five percent (5%) of the county's or
municipality's, as applicable, annual certified distribution resulting
from the tax rate. The amounts withheld under this subsection shall be
credited to the respective county's or municipality's trust account.