Indiana Code — Title 6 (Taxation)
IC 6-3.6-11-5.5
Lake County; rail project; additional revenue allocated for
economic development
Note: This version of section effective until 1-1-2028. See also following version of this section, effective 1-1-2028.
Sec. 5.5.
# (a)
This section applies to Lake County for purposes of categorizations, allocations, and distributions of additional revenue that is allocated each year for economic development purposes under IC 6-3.6-6-9 and of certified shares under IC 6-3.6-6.
Additional revenue that is allocated each year for economic development purposes by a civil taxing unit listed in IC 6-3.6-9-5(d) must first be used to provide funding for a rail project (as defined in IC 36-7.5-1-13.5).
# (b)
Before the state comptroller may make a certified distribution of additional revenue allocated for economic development purposes under IC 6-3.6-6-9, the state comptroller shall withhold the total amount determined by the department of local government finance under IC 6-3.6-9-5(d) from the certified distribution allocated to economic development. The amount withheld by the state comptroller under this section shall be paid to the secretary-treasurer of the northwest Indiana regional development authority (IC 36-7.5) before a certified distribution allocated to economic development is made to the county and before the county auditor may otherwise allocate or distribute tax revenue under this article.
As added by P.L.259-2019, SEC.9. Amended by P.L.9-2024, SEC.193.
Amendment history
As added by P.L.259-2019, SEC.9. Amended by P.L.9-2024, SEC.193.
Source: view the official text
Nearby sections (25 sections)
- 6-3.6-10-4 · Lease of property for economic development projects;
- 6-3.6-10-5 · Issuance and sale of obligations of civil taxing unit or…
- 6-3.6-10-6 · Pledge of revenues; enforceability; covenant by the general
- 6-3.6-10-7 · Regional venture capital fund; deposit of revenue…
- 6-3.6-10-8 · Local venture capital fund; deposit of revenue allocated…
- 6-3.6-10-9 · Limitations on bonds, leases, or other obligations incurred
- 6-3.6-11-1 · Applicability; use of former tax to provide levy freeze;…
- 6-3.6-11-1.5 · Marion County; transfers to bid fund of capital…
- 6-3.6-11-2 · Repealed
- 6-3.6-11-3 · Lake County; former tax categorized under property tax…
- 6-3.6-11-4 · Revenue dedicated to public safety; used for funding of
- 6-3.6-11-5 · Marion County's allocation of tax revenue
- 6-3.6-11-5.5 · Lake County; rail project; additional revenue allocated…
- 6-3.6-11-5.7 · Lake County municipalities; authorization to support and
- 6-3.6-11-6 · Member counties and municipalities of the northwest Indiana
- 6-3.6-11-7 · Pledges of revenue for rail projects
- 6-3.6-11-7.5 · Actions challenging the withholding or transferring of…
- 6-3.6-11-9 · Calculation and allocation of certified shares among civil
- 6-4 · ARTICLE 4. REPEALED
- 6-4.1-1-0.5 · Applicability of chapter
- 6-4.1-1-0.7 · Rule concerning property interests transferred by a…
- 6-4.1-1-1 · Application to article
- 6-4.1-1-2 · "Appropriate probate court"
- 6-4.1-1-3 · Classes of transferees; adopted child as natural child
- 6-4.1-1-3.5 · "Entity"