Adjustment of distributions to reflect credit

Official textiga.in.govlast amended 2005

Sec. 8. If an ordinance or resolution is adopted under this chapter, the county auditor shall, for the calendar year in which a homestead credit is authorized under this chapter, account for the revenue used to provide the homestead credit in a manner so that no other political subdivision in the county suffers a revenue loss because of the allowance of the homestead credit.
As added by P.L.246-2005, SEC.61.

Amendment history

As added by P.L.246-2005, SEC.61.

Source: view the official text

Nearby sections (25 sections)

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6-1.1-20.3-14 · Repealed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6-1.1-20.6-1 · Repealed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"
6-1.1-20.6-2.4 · "Manufactured home"; "mobile home"
6-1.1-20.6-2.5 · "Nonresidential real property"
6-1.1-20.6-3 · "Property tax liability"
6-1.1-20.6-3.5 · Repealed

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