Indiana Code — Title 6 (Taxation)
IC 6-3.6-7-27
Delaware County; Hamilton County; Hancock County;
Johnson County; Madison County; Marion County; additional rate for public transportation projects
Sec. 27. (a) This section applies only to an eligible county, as defined in IC 8-25-1-4.
(b) If the voters of the county approve a local public question under IC 8-25-2, the fiscal body of the county may adopt an ordinance to provide for the use of local income tax revenues attributable to an additional tax rate imposed under IC 6-3.6-6 to fund a public transportation project under IC 8-25. However, a county fiscal body shall adopt an ordinance under this subsection if required by IC 8-25-6-10 to impose an additional tax rate on the county taxpayers (as defined in IC 8-24-1-10) who reside in a township in which the voters approve a public transportation project in a local public question held under IC 8-25-6. An ordinance adopted under this subsection must specify an additional tax rate to be imposed in the county (or township in the case of an additional rate required by IC 8-25-6-10) of at least one-tenth percent (0.1%), but not more than twenty-five hundredths percent (0.25%).
If an ordinance is adopted under this subsection, the amount of the certified distribution attributable to the additional tax rate imposed under this subsection must be:
# (1)
retained by the county auditor;
# (2)
deposited in the county public transportation project fund established under
IC 8-25-3-7; and
# (3)
used for the purpose provided in this subsection instead of as a property tax replacement distribution.
(c) The tax rate under this section plus the tax rate under IC 6-3.6-6 may not exceed the tax rate specified in IC 6-3.6-6-2.
As added by P.L.243-2015, SEC.10. Amended by P.L.197-2016, SEC.63.
Amendment history
As added by P.L.243-2015, SEC.10. Amended by P.L.197-2016, SEC.63.
Source: view the official text
Nearby sections (25 sections)
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