Sec. 39. The proceeds of the local income tax imposed under this chapter shall be deposited by the treasurer of state on behalf of the county into a separate local income tax account. The money in the account shall be disbursed as provided in section 38(b) of this chapter.

[Pre-1992 Revision Citation: 12-2-14-34.]

As added by P.L.2-1992, SEC.14. Amended by P.L.197-2016, SEC.107; P.L.85-2017, SEC.65.