Indiana Code 12-20-25-34. Financial plan; contents
(1) The adoption in the current year of a local income tax rate under IC 6-3.6 not to exceed one percent (1%). If a local income tax rate is imposed under this chapter, the ordinance must specify whether any revenue in excess of the rate needed to carry out the financial plan is to be used for property tax relief (IC 6-3.6-5) or as additional revenue (IC 6-3.6-6). The revenue from the tax rate under this section shall be distributed as provided in this chapter. The adoption of a local income tax rate under this chapter is in addition to the local income tax rate under IC 6-3.6 that may already be in effect in the county.
Terms Used In Indiana Code 12-20-25-34
- Property: includes personal and real property. See Indiana Code 1-1-4-5
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
(3) The elimination or reduction of township assistance services not required under this article.
[Pre-1992 Revision Citation: 12-2-14-29.]
As added by P.L.2-1992, SEC.14. Amended by P.L.73-2005, SEC.135; P.L.197-2016, SEC.103.