Requirement for credit; adoption of ordinance or resolution

Official textiga.in.govlast amended 2008

Sec. 4.

# (a)

A political subdivision may adopt an ordinance or resolution each year to provide for the use of revenue for the purpose of providing a homestead credit the following year to homesteads. An ordinance must be adopted under this section before December 31 for credits to be provided in the following year. The ordinance applies only to the immediately following year.

# (b)

A homestead credit under this chapter is to be applied to the net property tax liability due on the homestead.
As added by P.L.246-2005, SEC.61. Amended by P.L.146-2008, SEC.212.

Amendment history

As added by P.L.246-2005, SEC.61. Amended by P.L.146-2008, SEC.212.

Source: view the official text

Nearby sections (25 sections)

6-1.1-20.3-9.9 · Petition to board appealing decision by emergency…
6-1.1-20.3-10 · Petition for judicial review
6-1.1-20.3-11 · Court rules; procedure
6-1.1-20.3-12 · Burden of proof; findings of fact; grounds for relief
6-1.1-20.3-13 · Petition for termination of distressed status;…
6-1.1-20.3-14 · Repealed
6-1.1-20.3-15 · Requests for technical assistance from the board
6-1.1-20.3-16 · Distressed school corporations; governing body; employee
6-1.1-20.3-17 · Expired
6-1.1-20.4-1 · "Homestead"
6-1.1-20.4-2 · "Property tax liability"
6-1.1-20.4-3 · "Revenue"
6-1.1-20.4-4 · Requirement for credit; adoption of ordinance or…
6-1.1-20.4-5 · Calculation of credit
6-1.1-20.4-6 · Credit applicable only to homestead
6-1.1-20.4-7 · Exemption from filing requirement
6-1.1-20.4-8 · Adjustment of distributions to reflect credit
6-1.1-20.4-9 · Limitations on recovering lost revenue
6-1.1-20.6-0.3 · General assembly findings
6-1.1-20.6-0.5 · "Agricultural land"
6-1.1-20.6-1 · Repealed
6-1.1-20.6-1.2 · "Common areas"
6-1.1-20.6-1.6 · "Gross assessed value"
6-1.1-20.6-2 · "Homestead"
6-1.1-20.6-2.3 · "Long term care property"

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