§ 6-6-15-7 — Heavy equipment rental excise tax account; distributions and apportionment of the tax

Indiana § 6-6-15-7

• Jurisdiction: Indiana
• Art. 6: MOTOR FUEL AND VEHICLE EXCISE TAXES
• Ch. 15: Heavy Equipment Rental Excise Tax

Text

(a) All revenues collected from the heavy
equipment rental excise tax must be deposited in a special account of
the state general fund called the heavy equipment rental excise tax
account.
(b) On or before April 30 and October 30 of each year, all amounts
held in the heavy equipment rental excise tax account must be
distributed to counties as provided by this section.
(c) The amount to be distributed to a county treasurer under this
section equals the part of the total heavy equipment rental excise taxes
being distributed that were initially imposed and collected from within
that county treasurer's county. The department shall notify each county
auditor of the amount of taxes to be distributed to the county treasurer.
At the same time each distribution is made to a county treasurer, the
department shall certify to the county auditor the taxing districts within
the county where heavy equipment rental excise taxes were collected
and the amount of the county distribution that was collected with
respect to each taxing district.
(d) A county treasurer shall deposit heavy equipment rental excise
tax distributions in a separate account for settlement at the same time
as property taxes are accounted for and settled in June and December
of each year.
(e) The county auditor shall apportion and the county treasurer shall
distribute the heavy equipment rental excise taxes among the taxing
units of the county in the same manner that property taxes are
apportioned and distributed with respect to property located in the
taxing district where the heavy equipment rental excise tax is sourced
by the department under section 6(b) of this chapter.
(f) Before January 1, 2020, the heavy equipment rental excise taxes
distributed to a taxing unit must be deposited in the taxing unit's levy
excess fund under IC 6-1.1-18.5-17, or in the case of a school
corporation, the school corporation's levy excess fund under IC 20-44-3.
(g) After December 31, 2019, the heavy equipment rental excise
taxes distributed to a taxing unit must be allocated among the taxing
unit's funds in the same proportion that the taxing unit's property tax
collections are allocated among those funds.
(h) After December 31, 2019, taxing units of a county may request
and receive advances of heavy equipment rental excise tax revenues in
the manner provided under IC 5-13-6-3.
(i) All distributions from the heavy equipment rental excise tax
account must be made by warrants issued by the state comptroller to
the treasurer of state ordering those distributions to the appropriate
county treasurer.

Legislative History

As added by P.L.188-2018, SEC.3. Amended by P.L.9-2024, SEC.214.