Sec. 9. The application of the credit under this chapter results in a reduction of the property tax collections of the political subdivision which provided the credit. A political subdivision may not increase its property tax levy to make up for that reduction. As added by P.L.246-2005, SEC.61.
Limitations on recovering lost revenue
Ind. Code § 6-1.1-20.4-9, under Chapter 20.4. Local Homestead Credits.
Ind. Code § 6-1.1-20.4-9