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Indiana Code — Title 6 (Taxation)

IC 6-1.1-20.6-9.5

Effect of credit on revenues

Official textiga.in.govlast amended

Sec. 9.5.

# (a)

This section applies only to credits under this chapter against property taxes first due and payable after December 31, 2006.

# (b)

The application of the credit under this chapter results in a reduction of the property tax collections of each political subdivision in which the credit is applied. Except as provided in IC 20-46-1 and IC 20-46-9, a political subdivision may not increase its property tax levy to make up for that reduction.

# (c)

A political subdivision may not borrow money to compensate the political subdivision or any other political subdivision for the reduction of property tax collections referred to in subsection (b).
As added by P.L.162-2006, SEC.13. Amended by P.L.172-2011, SEC.41; P.L.218-2013,
SEC.11; P.L.272-2019, SEC.2.

Amendment history

As added by P.L.162-2006, SEC.13. Amended by P.L.172-2011, SEC.41; P.L.218-2013, SEC.11; P.L.272-2019, SEC.2.

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Nearby sections (25 sections)
  1. 6-1.1-20.6-3 · "Property tax liability"
  2. 6-1.1-20.6-3.5 · Repealed
  3. 6-1.1-20.6-4 · "Residential property"
  4. 6-1.1-20.6-5 · Repealed
  5. 6-1.1-20.6-6 · Repealed
  6. 6-1.1-20.6-6.5 · Repealed
  7. 6-1.1-20.6-7 · Calculation of credit
  8. 6-1.1-20.6-7.5 · Calculation of credit
  9. 6-1.1-20.6-7.7 · Supplemental homestead credit
  10. 6-1.1-20.6-8 · Exemption from filing requirement
  11. 6-1.1-20.6-8.5 · Additional credit for certain homesteads; eligibility…
  12. 6-1.1-20.6-9 · Repealed
  13. 6-1.1-20.6-9.5 · Effect of credit on revenues
  14. 6-1.1-20.6-9.8 · Allocation of taxes exempted from credit
  15. 6-1.1-20.6-9.9 · Allocation of credits by eligible school corporations
  16. 6-1.1-20.6-10 · Payment of debt service obligations
  17. 6-1.1-20.6-11 · Report; effect of circuit breaker on taxing unit…
  18. 6-1.1-20.6-11.1 · Department of local government finance estimates of…
  19. 6-1.1-20.6-12 · Application of credit of excise tax distribution…
  20. 6-1.1-20.6-13 · Allocation of credits by distressed political…
  21. 6-1.1-21.1-1 · "Board"
  22. 6-1.1-21.1-2 · Findings of general assembly
  23. 6-1.1-21.1-3 · City may apply to board for loan
  24. 6-1.1-21.1-4 · Board determines terms of any loan after review by budget
  25. 6-1.1-21.1-5 · Interest on loan
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