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Indiana Code — Title 6 (Taxation)

IC 6-3.6-1-1.5

Transition of certain homestead credits to the property tax

Official textiga.in.govlast amended

relief rate
Note: This version of section effective until 7-1-2027. See also following version of this section, effective 7-1-2027.
Sec. 1.5.

# (a)

In counties that adopted a homestead credit under IC 6-3.5-6-13 (before its repeal January 1, 2017), the transition from the former taxes to the taxes governed under this article shall include the transition of the homestead credit under IC 6-3.5-6-13 (before its repeal January 1, 2017) to a property tax relief rate under IC 6-3.6-5.

# (b)

To accomplish the transition under this section, the department of local government finance shall determine the portion of the income tax rate under IC 6-3.5-6-8 (before its repeal January 1, 2017) that is attributable to the homestead credit approved under IC 6-3.5-6-13 (before its repeal January 1, 2017) and shall allocate that portion of the income tax rate that is attributable to the homestead credit under IC 6-3.5-6-13 (before its repeal January 1, 2017) to the property tax relief rate under IC 6-3.6-5.

# (c)

The department of local government finance shall notify each affected county of the rate that will be allocated to the property tax relief rate not later than July 1, 2016. In addition, the department of local government finance shall notify the state budget agency of the transition under this section.

# (d)

The approval of the local income tax council is not required for the transition of the homestead credit under IC 6-3.5-6-13 (before its repeal January 1, 2017) to a property tax relief rate as set forth in this section.
As added by P.L.197-2016, SEC.41.

Amendment history

As added by P.L.197-2016, SEC.41.

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Nearby sections (25 sections)
  1. 6-3.5-11-7 · Increase or decrease of tax; rates
  2. 6-3.5-11-8 · Adopted ordinance; letter approving transportation asset
  3. 6-3.5-11-9 · Credit upon sale of vehicle
  4. 6-3.5-11-10 · Registration of vehicle; wheel tax; amount; collection
  5. 6-3.5-11-11 · Apportioned wheel tax for certain vehicles
  6. 6-3.5-11-12 · Collections; remittance; report
  7. 6-3.5-11-13 · Collection by bureau of motor vehicles or department of…
  8. 6-3.5-11-14 · Wheel tax fund; use
  9. 6-3.5-11-15 · Estimate of revenues
  10. 6-3.5-11-16 · Violations; offense
  11. 6-3.6-1-1 · Purpose; effective date of article; procedures for…
  12. 6-3.6-1-1.1 · Repealed
  13. 6-3.6-1-1.5 · Transition of certain homestead credits to the property…
  14. 6-3.6-1-2 · Applicability of article
  15. 6-3.6-1-3 · Continuation of former tax rates
  16. 6-3.6-1-4 · Applicable provisions for changes in a tax; credits;…
  17. 6-3.6-1-5 · References to repealed and replaced statutes
  18. 6-3.6-1-6 · Continuation of rights; duties; obligations; proceedings;
  19. 6-3.6-1-7 · Continuation of time periods; time limits; former tax
  20. 6-3.6-1-8 · Continuation of time periods; time limits; bonds or leases
  21. 6-3.6-1-9 · Certification to each county of tax rates by tax category
  22. 6-3.6-1-10 · Transition assistance; department of local government…
  23. 6-3.6-2-1 · Applicability
  24. 6-3.6-2-2 · "Adjusted gross income"
  25. 6-3.6-2-3 · "Allocation amount"
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