Indiana Code 6-3.6-11-9. Calculation and allocation of certified shares among civil taxing units in Hamilton County after 2020 and before 2026
(b) For each calendar year to which this section applies, the amount of a civil taxing unit’s certified shares is equal to:
Terms Used In Indiana Code 6-3.6-11-9
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
(2) the adjusted amount determined under subsection (c), for the city of Carmel; or
(3) the adjusted amount determined under subsection (d), for the city of Fishers.
(c) For each calendar year to which this section applies, the adjusted amount of the city of Carmel’s certified shares is equal to the lesser of:
(1) the amount of the city of Carmel’s certified shares determined under IC 6-3.6-6, without regard to this section; or
(2) the product of:
(A) the amount of the city of Carmel’s certified shares determined for the immediately preceding calendar year under IC 6-3.6-6, for 2021, or this section, after 2021; and
(B) one and three hundredths (1.03).
(d) For each calendar year to which this section applies, the adjusted amount of the city of Fishers’ certified shares is equal to:
(1) the sum of:
(A) the amount of the city of Carmel’s certified shares determined under IC 6-3.6-6, without regard to this section; and
(B) the amount of the city of Fishers’ certified shares determined under IC 6-3.6-6, without regard to this section; minus
(2) the adjusted amount of the city of Carmel’s certified shares determined under subsection (c).
As added by P.L.159-2020, SEC.55. Amended by P.L.236-2023, SEC.82.