Section 12-20-25-34 - Financial plan; contents The financial plan adopted under section 33 of this chapter may include the following:
(1) The adoption in the current year of a local income tax rate under IC 6-3.6 not to exceed one percent (1%). If a local income tax rate is imposed under this chapter, the ordinance must specify whether any revenue in excess of the rate needed to carry out the financial plan is to be used for property tax relief (IC 6-3.6-5) or as additional revenue (IC 6-3.6-6). The revenue from the tax rate under this section shall be distributed as provided in this chapter. The adoption of a local income tax rate under this chapter is in addition to the local income tax rate under IC 6-3.6 that may already be in effect in the county.(2) The payment of township assistance with county money.(3) The elimination or reduction of township assistance services not required under this article.Pre-1992 Revision Citation: 12-2-14-29.
Amended by P.L. 197-2016, SEC. 103, eff. 1/1/2017.As added by P.L. 2-1992, SEC.14. Amended by P.L. 73-2005, SEC.135.