Sec. 3. (a) A county fiscal body may adopt an ordinance to provide property tax relief as provided in this chapter to qualified individuals on property taxes that are:

(1) attributable to the qualified individual‘s homestead property; and

(2) first due and payable in 2023.

     (b) An ordinance adopted under this section may allow a qualified individual to elect to receive property tax relief under this chapter in any of the following forms:

(1) As a rebate check.

(2) As a credit against the qualified individual’s homestead property tax liability installment due in November 2023.

(3) As a credit against the qualified individual’s homestead property tax liability first due and payable in 2024.

     (c) The county fiscal body shall provide the amount of property tax relief to be provided to each qualified individual in an ordinance adopted under this section. The amount may be an amount:

(1) determined by the county fiscal body that is equal for all qualified individuals; or

(2) that is proportional to each qualified individual’s share of the total amount of property tax liability first due and payable in 2023 on homesteads.

As added by P.L.239-2023, SEC.13.