Indiana Code 6-6-5-10.5. Municipal corporations; estimates of amounts to be distributed
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Terms Used In Indiana Code 6-6-5-10.5
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- 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
Sec. 10.5. The county auditor shall, not later than August first of each year, furnish to the proper officer of each municipal corporation an estimate of the amounts to be distributed to the taxing units under this chapter during the next calendar year and the budget of each such municipal corporation shall show the estimated amounts to be received for each fund for which a property tax is proposed to be levied. The term “municipal corporation” shall mean any county, city, town, township, school corporation, public library or other taxing district.
Formerly: Acts 1971, P.L.74, SEC.2.