Limitations on recovering lost revenue

Official textiga.in.govlast amended 2005

Sec. 9. The application of the credit under this chapter results in a reduction of the property tax collections of the political subdivision which provided the credit. A political subdivision may not increase its property tax levy to make up for that reduction.
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)

6-1.1-20.3-14 · Repealed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6-1.1-20.6-1 · Repealed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6-1.1-20.6-3.5 · Repealed
6-1.1-20.6-4 · "Residential property"

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