Indiana Code — Title 6 (Taxation)
IC 6-1.1-20.3-6.7
"Township assistance property tax rate"; designation of
certain townships as distressed political subdivisions
Sec. 6.7. (a) As used in this chapter, "township assistance property tax rate" means the property tax rate imposed for the payment of township assistance. In the case of a township
that has a separately calculated maximum permissible ad valorem property tax levy for the township's township assistance administration property tax levy and the township's township assistance benefits property tax levy under IC 12-20-21-3.2, "township assistance property tax rate" means the sum of the property tax rate imposed for the township's township assistance administration property tax levy and the property tax rate imposed for the township's township assistance benefits property tax levy.
(b) Subsection (c) applies only to a township for which the township's township assistance property tax rate for property taxes first due and payable in 2014 or in any year thereafter is more than the result of:
# (1)
the statewide average township assistance property tax rate (as determined by the department of local government finance) for property taxes first due and payable in the preceding year; multiplied by
# (2)
twelve (12).
(c) The board may in any year in which this subsection applies to a township (as provided in subsection (b)) designate a township described in subsection (b) as a distressed political subdivision, effective January 1 of the following year, regardless of whether the township has submitted a petition requesting to be designated as a distressed political subdivision.
As added by P.L.234-2013, SEC.3. Amended by P.L.249-2015, SEC.15.
Amendment history
As added by P.L.234-2013, SEC.3. Amended by P.L.249-2015, SEC.15.
Source: view the official text
Nearby sections (25 sections)
- 6-1.1-20.2-10 · Deposit by board of loan payments
- 6-1.1-20.2-11 · Loan proceeds received not considered part of levy…
- 6-1.1-20.2-12 · Chapter constitutes complete authority for loans
- 6-1.1-20.2-13 · Treasurer of state payment of delinquent loan payments…
- 6-1.1-20.2-14 · Restriction on use of loans
- 6-1.1-20.3-1 · "Board"
- 6-1.1-20.3-2 · "Distressed political subdivision"
- 6-1.1-20.3-3 · "Political subdivision"
- 6-1.1-20.3-4 · Board established; members; terms; vacancies;…
- 6-1.1-20.3-5 · Staff duties; rules; funding; contracts
- 6-1.1-20.3-6 · Petitions to the board; petition by treasurer of state
- 6-1.1-20.3-6.5 · Designation of distressed political subdivisions;…
- 6-1.1-20.3-6.7 · "Township assistance property tax rate"; designation of
- 6-1.1-20.3-6.8 · Designation of Gary Community School Corporation as a
- 6-1.1-20.3-6.9 · Repealed
- 6-1.1-20.3-7 · Repealed
- 6-1.1-20.3-7.1 · Repealed
- 6-1.1-20.3-7.5 · Appointment of emergency manager; representation by
- 6-1.1-20.3-8 · Repealed
- 6-1.1-20.3-8.3 · Review of school corporation petition for a loan
- 6-1.1-20.3-8.4 · Expired
- 6-1.1-20.3-8.5 · Powers and duties of emergency manager
- 6-1.1-20.3-8.7 · Restrictions on school corporations designated as…
- 6-1.1-20.3-9 · Frequency of meetings; record of proceedings;…
- 6-1.1-20.3-9.9 · Petition to board appealing decision by emergency…