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Indiana Code — Title 6 (Taxation)

IC 6-1.1-20.6-13

Allocation of credits by distressed political subdivisions

Official textiga.in.govlast amended

Sec. 13.

# (a)

A political subdivision is eligible to allocate credits proportionately under this section if the distressed unit appeal board has approved the waiver request of the emergency manager for the political subdivision under IC 6-1.1-20.3-8.5.

# (b)

For a political subdivision that has been granted a waiver under IC 6-1.1-20.3-8.5, the political subdivision may allocate the effect of the credits granted under this chapter proportionately among all the political subdivision's property tax funds that are not exempt under section 7.5(b) or 7.5(c) of this chapter, based on the levy for each fund and without taking into account the requirements of section 9.8 of this chapter regarding protected taxes.
As added by P.L.241-2017, SEC.16.

Amendment history

As added by P.L.241-2017, SEC.16.

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Nearby sections (25 sections)
  1. 6-1.1-20.6-7.5 · Calculation of credit
  2. 6-1.1-20.6-7.7 · Supplemental homestead credit
  3. 6-1.1-20.6-8 · Exemption from filing requirement
  4. 6-1.1-20.6-8.5 · Additional credit for certain homesteads; eligibility…
  5. 6-1.1-20.6-9 · Repealed
  6. 6-1.1-20.6-9.5 · Effect of credit on revenues
  7. 6-1.1-20.6-9.8 · Allocation of taxes exempted from credit
  8. 6-1.1-20.6-9.9 · Allocation of credits by eligible school corporations
  9. 6-1.1-20.6-10 · Payment of debt service obligations
  10. 6-1.1-20.6-11 · Report; effect of circuit breaker on taxing unit…
  11. 6-1.1-20.6-11.1 · Department of local government finance estimates of…
  12. 6-1.1-20.6-12 · Application of credit of excise tax distribution…
  13. 6-1.1-20.6-13 · Allocation of credits by distressed political…
  14. 6-1.1-21.1-1 · "Board"
  15. 6-1.1-21.1-2 · Findings of general assembly
  16. 6-1.1-21.1-3 · City may apply to board for loan
  17. 6-1.1-21.1-4 · Board determines terms of any loan after review by budget
  18. 6-1.1-21.1-5 · Interest on loan
  19. 6-1.1-21.1-6 · Limit on amount of loan
  20. 6-1.1-21.1-7 · Term of loan repayment; penalty
  21. 6-1.1-21.1-8 · Disbursement of loan proceeds by board
  22. 6-1.1-21.1-9 · Repayment of loan by city from any revenue sources
  23. 6-1.1-21.1-10 · Obligation to repay loan not basis to obtain excessive…
  24. 6-1.1-21.1-11 · Deposit by board of loan payments
  25. 6-1.1-21.1-12 · Loan proceeds received not considered part of levy…
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