Indiana Code 6-1.1-20.4-8. Adjustment of distributions to reflect credit
Current as of: 2023 | Check for updates
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Terms Used In Indiana Code 6-1.1-20.4-8
- homestead: has the meaning set forth in Indiana Code 6-1.1-20.4-1
- revenue: includes revenue received by a political subdivision under any law or from any person. See Indiana Code 6-1.1-20.4-3
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
Sec. 8. If an ordinance or resolution is adopted under this chapter, the county auditor shall, for the calendar year in which a homestead credit is authorized under this chapter, account for the revenue used to provide the homestead credit in a manner so that no other political subdivision in the county suffers a revenue loss because of the allowance of the homestead credit.
As added by P.L.246-2005, SEC.61.