Indiana Code 6-3.6-8-1. Determination of tax rates; different tax rates in a taxable year
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Sec. 1. If for any taxable year a local taxpayer is subject to different tax rates for the tax imposed by a particular county, the taxpayer’s tax rate for that county and that taxable year is the rate determined in the last STEP of the following STEPS:
(A) the number of months in the taxpayer’s taxable year in which the rate is in effect; by
STEP ONE: For each tax rate in effect in a year, multiply:
Terms Used In Indiana Code 6-3.6-8-1
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
(B) the rate.
STEP TWO: Divide:
(A) the sum of the amounts determined under STEP ONE; by
(B) twelve (12).
As added by P.L.243-2015, SEC.10.