Ind. Code § 12-20-25-43

Current through P.L. 171-2024

Section 12-20-25-43 - Maximum ad valorem property tax insufficient to pay all township assistance claims; dedication of other revenue

Notwithstanding IC 6-3.6, if:

(1) there has been a controlled township in a county;

(2) the township that has been controlled has levied the township's maximum permissible ad valorem property tax levy for township assistance;

(3) the maximum permissible ad valorem property tax levy is insufficient to ensure the payment within thirty (30) days of all valid township assistance claims in the township; and

(4) the local income tax is in effect in the county as a result of adopting a financial plan under this chapter;

the county fiscal body shall dedicate from the local income tax imposed under this chapter an amount of revenue determined by the department to be necessary to ensure the payment within thirty (30) days of all township assistance claims in the township that has been controlled. The county fiscal body shall distribute any local income tax revenues dedicated under this section before the fiscal body makes any other distributions in accordance with this chapter. Notwithstanding section 45 of this chapter, the county fiscal body may not reduce the local income tax rate below the rate necessary to satisfy the requirements of this section.

IC 12-20-25-43

Pre-1992 Revision Citation: 12-2-14-37.

Amended by P.L. 197-2016, SEC. 110, eff. 1/1/2017.

As added by P.L. 2-1992, SEC.14. Amended by P.L. 90-2002, SEC.362; P.L. 73-2005, SEC.141.