Indiana Code 36-10-3-38. Application of section; annexed territory; levy for park and recreational purposes; semiannual transfers in certain circumstances
(b) This section applies only if a municipality annexes or has annexed territory that is part of a district under this chapter after June 1, 1976.
Terms Used In Indiana Code 36-10-3-38
- Department: refers to a department of parks and recreation. See Indiana Code 36-10-3-2
- District: means the area within the jurisdiction of a department. See Indiana Code 36-10-3-2
- Population: has the meaning set forth in Ind. See Indiana Code 1-1-4-5
- 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
(d) Notwithstanding subsection (c), the district’s fiscal officer shall semiannually transfer to the annexing municipality’s department one-half (1/2) of the property tax revenue attributable to property taxes imposed by the district on property that is within the annexed territory and that was annexed after June 1, 1976, and before March 4, 1988.
(e) The fiscal officer for a district shall make the transfer required under subsection (d) on June 1 and December 1 of each calendar year beginning after December 31, 2018.
[Pre-Local Government Recodification Citation: 18-5-10-28.5.]
As added by Acts 1981, P.L.309, SEC.110. Amended by P.L.56-1988, SEC.15; P.L.12-1992, SEC.190; P.L.212-2018(ss), SEC.33; P.L.104-2022, SEC.217.