This text of Indiana § 6-6-5.5-19 (Determination of taxing units' base revenues and distribution
percentages) 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.
(a)As used in this section, "assessed value"
means an amount equal to the true tax value of commercial vehicles
that:
(1)are subject to the commercial vehicle excise tax under this
chapter; and
(2)would have been subject to assessment as personal property
on March 1, 2000, under the law in effect before January 1, 2000.
(b)For calendar year 2001, a taxing unit's base revenue shall be
determined as provided in subsection (f). For calendar years that begin
after December 31, 2001, and before January 1, 2009, a taxing unit's
base revenue shall be determined by multiplying the previous year's
base revenue by one hundred five percent (105%). For calendar years
that begin after December 31, 2008, a taxing unit's base revenue is
equal to:
(1)the amount of commercial vehicle excise tax collec
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(a) As used in this section, "assessed value"
means an amount equal to the true tax value of commercial vehicles
that:
(1) are subject to the commercial vehicle excise tax under this
chapter; and
(2) would have been subject to assessment as personal property
on March 1, 2000, under the law in effect before January 1, 2000.
(b) For calendar year 2001, a taxing unit's base revenue shall be
determined as provided in subsection (f). For calendar years that begin
after December 31, 2001, and before January 1, 2009, a taxing unit's
base revenue shall be determined by multiplying the previous year's
base revenue by one hundred five percent (105%). For calendar years
that begin after December 31, 2008, a taxing unit's base revenue is
equal to:
(1) the amount of commercial vehicle excise tax collected during
the previous state fiscal year; multiplied by
(2) the taxing unit's percentage as determined in subsection (f) for
calendar year 2001.
(c) The amount of commercial vehicle excise tax distributed to the
taxing units of Indiana from the commercial vehicle excise tax fund
shall be determined in the manner provided in this section.
(d) On or before July 1, 2000, each county assessor shall certify to
the county auditor the assessed value of commercial vehicles in every
taxing district.
(e) On or before August 1, 2000, the county auditor shall certify the
following to the department of local government finance:
(1) The total assessed value of commercial vehicles in the county.
(2) The total assessed value of commercial vehicles in each taxing
district of the county.
(f) The department of local government finance shall determine
each taxing unit's base revenue by applying the current tax rate for each
taxing district to the certified assessed value from each taxing district.
The department of local government finance shall also determine the
following:
(1) The total amount of base revenue to be distributed from the
commercial vehicle excise tax fund in 2001 to all taxing units in
Indiana.
(2) The total amount of base revenue to be distributed from the
commercial vehicle excise tax fund in 2001 to all taxing units in
each county.
(3) Each county's total distribution percentage. A county's total
distribution percentage shall be determined by dividing the total
amount of base revenue to be distributed in 2001 to all taxing
units in the county by the total base revenue to be distributed
statewide.
(4) Each taxing unit's distribution percentage. A taxing unit's
distribution percentage shall be determined by dividing each
taxing unit's base revenue by the total amount of base revenue to
be distributed in 2001 to all taxing units in the county. However,
in the event a taxing unit subsequently merges or consolidates
with another taxing unit in the county, the amount of the base
revenue used to calculate the distribution percentage of the taxing
unit resulting from the consolidation or merger under this
subdivision is the combined base revenue distributed in 2001 to
each taxing unit that was subsequently merged or consolidated to
establish the currently existing taxing unit.
(g) The department of local government finance shall certify each
taxing unit's base revenue and distribution percentage for calendar year
2001 to the auditor of state on or before September 1, 2000.
(h) The state comptroller shall keep permanent records of each
taxing unit's base revenue and distribution percentage for calendar year
2001 for purposes of determining the amount of money each taxing
unit in Indiana is entitled to receive in calendar years that begin after
December 31, 2001.