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Indiana Code — Title 6 (Taxation)

IC 6-1.1-10.3-5

Adoption of exemption ordinance by local income tax council

Official textiga.in.govlast amended

Note: This version of section effective until 7-1-2027. See also following version of this section, effective 7-1-2027.
Sec. 5.

# (a)

A local income tax council may adopt an exemption ordinance that exempts new personal property located in the county from property taxation as provided in section 6 of this chapter.

# (b)

For purposes of adopting an exemption ordinance under this chapter, a local income tax council is comprised of the same members as the local income tax council that is established by IC 6-3.6-3-1 for the county, regardless of whether a local income tax is in effect in the county and regardless of how the local income tax in effect in the county is allocated. Except as provided in this chapter, the local income tax council shall use the same procedures that apply under IC 6-3.6-3 when acting under this chapter.

# (c)

Before adopting an exemption ordinance under this section, a local income tax council must conduct a public hearing on the proposed exemption ordinance. The local income tax council must publish notice of the public hearing in accordance with IC 5-3-1.

# (d)

The local income tax council shall provide a certified copy of an adopted exemption ordinance to the department of local government finance and the county auditor.
As added by P.L.80-2014, SEC.2. Amended by P.L.197-2016, SEC.10.

Amendment history

As added by P.L.80-2014, SEC.2. Amended by P.L.197-2016, SEC.10.

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Nearby sections (25 sections)
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  5. 6-1.1-10-49 · Property tax exemption; transportation facility
  6. 6-1.1-10-50 · Property tax exemption; property located in an innovation
  7. 6-1.1-10-51 · Property tax exemption; property used for child care of
  8. 6-1.1-10-54 · "Designating body"
  9. 6-1.1-10.3-1 · "Business personal property"
  10. 6-1.1-10.3-2 · "Local income tax council"
  11. 6-1.1-10.3-3 · "Exemption ordinance"
  12. 6-1.1-10.3-4 · "New personal property"
  13. 6-1.1-10.3-5 · Adoption of exemption ordinance by local income tax…
  14. 6-1.1-10.3-6 · Application of exemption ordinance to all new personal
  15. 6-1.1-10.3-7 · Repeal or amendment of exemption ordinance
  16. 6-1.1-10.3-8 · Application not required
  17. 6-1.1-10.5-1 · Application of chapter
  18. 6-1.1-10.5-2 · "County fiscal body"
  19. 6-1.1-10.5-3 · "Exemption ordinance"
  20. 6-1.1-10.5-4 · "Manufactured home"
  21. 6-1.1-10.5-5 · "Mobile home"
  22. 6-1.1-10.5-6 · Adoption of exemption ordinance by county fiscal body
  23. 6-1.1-10.5-7 · Application of exemption ordinance to all mobile homes…
  24. 6-1.1-10.5-8 · Repeal or amendment of exemption ordinance
  25. 6-1.1-10.5-9 · Application not required
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