Indiana Code 6-3.6-9-9. Summary of calculations used to determine certified distributions; contents
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Sec. 9. The budget agency shall provide the adopting body with an informative summary of the calculations used to determine the certified distribution. The summary of calculations must include:
(2) adjustments for over distributions in prior years;
(1) the amount reported on individual income tax returns processed by the department during the previous fiscal year;
Terms Used In Indiana Code 6-3.6-9-9
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
(3) adjustments for clerical or mathematical errors in prior years; and
(4) adjustments for tax rate changes.
As added by P.L.243-2015, SEC.10. Amended by P.L.197-2016, SEC.66; P.L.257-2019, SEC.72.