Indebtedness and pension obligations remain with the responsible taxpayers

Sec. 29. The following apply: (1) Indebtedness that was incurred by the recipient municipality or designated township before January 1, 2029: (A) may not be imposed on taxpayers that were not responsible for payment of the indebtedness before January 1, 2029; and (B) must be paid by the taxpayers that were responsible for payment of the indebtedness before January 1, 2029. (2) Pension obligations existing as of January 1, 2029: (A) may not be imposed on taxpayers that were not responsible for payment of the pension obligations before January 1, 2029; and (B) must be paid by the taxpayers that were responsible for payment of the pension obligations before January 1, 2029. As added by P.L.134-2026, SEC.3.