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Terms Used In Indiana Code 6-7-2-17

  • department: refers to the department of state revenue and includes its employees and agents. See Indiana Code 6-7-2-1
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
   Sec. 17. The department shall deposit twenty-five percent (25%) of the taxes, registration fees, fines, or penalties collected under this chapter in the affordable housing and community development fund established by IC 5-20-4-7. The remainder of the taxes, registration fees, fines, or penalties collected under this chapter shall be deposited as provided in IC 6-7-1-28.1.

As added by P.L.96-1987, SEC.7. Amended by P.L.234-2007, SEC.202.