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Indiana Code — Title 6 (Taxation)

IC 6-1.1-21.2-11

Tax increment replacement amount; calculation

Official textiga.in.govlast amended

Sec. 11. (a) The governing body shall estimate the tax increment replacement amount for each allocation area under the jurisdiction of the governing body for the next calendar year on the schedule prescribed by the department of local government finance.

(b) The tax increment replacement amount is the greater of zero (0) or the net amount by which:

# (1)

laws enacted by the general assembly; and

# (2)

actions taken by the department of local government finance;
after the establishment of the allocation area have decreased the tax increment revenues of the allocation area for the next calendar year (after adjusting for any increases resulting from laws or actions of the department of local government finance) below the sum of the amount needed to make all payments that are due in the next calendar year on obligations payable from tax increment revenues and to maintain any tax increment revenue to obligation

payment ratio required by an agreement on which any of the obligations are based.
As added by P.L.192-2002(ss), SEC.44. Amended by P.L.256-2003, SEC.25; P.L.146-2008,
SEC.238.

Amendment history

As added by P.L.192-2002(ss), SEC.44. Amended by P.L.256-2003, SEC.25; P.L.146-2008, SEC.238.

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Nearby sections (25 sections)
  1. 6-1.1-21.1-14 · Treasurer of state payment of delinquent loan payments…
  2. 6-1.1-21.2-1 · Repealed
  3. 6-1.1-21.2-2 · Applicability of definitions in IC 36
  4. 6-1.1-21.2-3 · "Allocation area"
  5. 6-1.1-21.2-4 · "Base assessed value"
  6. 6-1.1-21.2-5 · "District"
  7. 6-1.1-21.2-6 · "Governing body"
  8. 6-1.1-21.2-6.6 · "Obligation"
  9. 6-1.1-21.2-7 · "Property taxes"
  10. 6-1.1-21.2-8 · "Special fund"
  11. 6-1.1-21.2-9 · "Tax increment replacement amount"
  12. 6-1.1-21.2-10 · "Tax increment revenues"
  13. 6-1.1-21.2-11 · Tax increment replacement amount; calculation
  14. 6-1.1-21.2-12 · Governing body action to raise tax increment replacement
  15. 6-1.1-21.2-13 · Repealed
  16. 6-1.1-21.2-14 · Repealed
  17. 6-1.1-21.2-15 · Special assessment and tax collections deposited in…
  18. 6-1.1-21.2-16 · Adjustment for tax benefit
  19. 6-1.1-21.3-1 · "Board", "qualified taxing unit", and "qualifying…
  20. 6-1.1-21.3-2 · Qualifying taxing unit may apply to board for loan
  21. 6-1.1-21.3-3 · Determination of terms of loan by board; loan conditions;
  22. 6-1.1-21.3-4 · Certain amounts not considered for determination of levy
  23. 6-1.1-21.3-5 · Loan not bonded indebtedness
  24. 6-1.1-21.4-0.5 · "ADM"
  25. 6-1.1-21.4-1 · "Board"
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