Title 6, TAXATION

Sec. 2. As used in this chapter, "board" refers to the state board of finance. As added by P.L.380-1987(ss), SEC.5.

Sec. 3. Before January 1, 2002, a qualified taxing unit may apply to the board for a loan from the counter-cyclical revenue and economic stabilization fund. The board may make a loan from the fund to the taxing unit if: (1) a taxpayer with tangible property subject to taxation by…

Sec. 4. The maximum amount that the board may loan to a qualified taxing unit under this chapter is set forth in the following table: MAXIMUM TYPE OF TAXING UNIT LOAN City $ 5,500,000 Sanitary District $ 1,900,000 Library District $ 800,000 School Corporation $ 8,000,000 As added…

Sec. 5. (a) The board shall determine the terms of a loan made under this chapter. However, interest may not be charged on the loan, and the loan must be repaid not later than ten (10) years after the date on which the loan was made. (b) The loan shall be repaid only from propert…

Sec. 6. (a) The receipt by the qualified taxing unit of the loan proceeds is not considered to be part of the ad valorem property tax levy actually collected by the qualified taxing unit for taxes first due and payable during a particular calendar year for the purpose of calculat…

Sec. 1. As used in this chapter, "board" refers to the state board of finance. As added by P.L.157-2002, SEC.1.

Sec. 2. As used in this chapter, "qualified taxing unit" means a taxing unit located in a county having a population of more than one hundred seventy thousand (170,000) and less than one hundred seventy-four thousand (174,000). As added by P.L.157-2002, SEC.1. Amended by P.L.119-…

Sec. 3. A qualified taxing unit may apply to the board for one (1) or more loans from the counter-cyclical revenue and economic stabilization fund. The board may make a loan from the fund to the qualified taxing unit if: (1) a taxpayer with tangible property subject to taxation b…

Sec. 4. (a) The board shall determine the terms of a loan made under this chapter. However, the interest charged on the loan may not exceed the percent of increase in the United States Department of Labor Consumer Price Index for Urban Wage Earners and Clerical Workers during the…

Sec. 5. The maximum amount that the board may loan to a qualified taxing unit is determined under STEP FOUR of the following formula: STEP ONE: Determine the amount of the taxpayer's property taxes due and payable in November 2001 that are attributable to the qualified taxing uni…

Sec. 6. (a) As used in this section, "delinquent tax" means any tax: (1) owed by a taxpayer in a bankruptcy proceeding initially filed in 2001; and (2) not paid during the calendar year in which it was first due and payable. (b) Except as provided in subsection (d), the proceeds …

Sec. 1. (a) As used in this chapter, "board" refers to the state board of finance. (b) As used in this chapter, "qualified taxing unit" means a taxing unit: (1) in which a qualifying taxpayer has tangible property subject to taxation; and (2) that has experienced or is expected t…

Sec. 2. A qualified taxing unit may apply to the board for one (1) or more loans from the counter-cyclical revenue and economic stabilization fund. As added by P.L.114-2006, SEC.3.

Sec. 3. (a) The board, not later than December 31, 2009, and after review by the budget committee, shall determine the terms of a loan made under this chapter, subject to the following: (1) The board may not charge interest on the loan. (2) The loan must be repaid not later than …

Sec. 4. (a) As used in this section, "delinquent tax" means any tax not paid during the calendar year in which the tax was first due and payable. (b) Except as provided in subsection (c), the following are not considered to be part of the ad valorem property tax levy actually col…

Sec. 5. A loan under this chapter is not bonded indebtedness for purposes of IC 6-1.1-18.5. As added by P.L.114-2006, SEC.3.

Sec. 1. As used in this chapter, "board" refers to the state board of finance. As added by P.L.236-2023, SEC.43.

Sec. 10. An obligation to repay a loan made under this chapter is not a basis for the qualified taxing unit to obtain an excessive tax levy. As added by P.L.236-2023, SEC.43.

Sec. 11. When the treasurer of state receives a payment with respect to a loan under this chapter, the treasurer of state shall deposit the amount received in the counter-cyclical revenue and economic stabilization fund. As added by P.L.236-2023, SEC.43.

Sec. 12. The proceeds of a loan under this chapter received by an eligible taxing unit are not considered to be part of the ad valorem property tax levy actually collected by the qualified taxing unit for taxes first due and payable during a particular calendar year for the purpo…

Sec. 13. Notes associated with loans under this chapter, and the authorization, issuance, sale, and delivery of the notes, are not subject to any general statute concerning obligations issued by the local governmental entity borrower. This chapter contains full and complete autho…

Sec. 14. Upon the failure of a qualified taxing unit to make any of the qualified taxing unit's payments on a loan granted under this chapter when due, the treasurer of state, upon being notified of the failure by the board, may pay the unpaid amount that is due from the funds he…

Sec. 15. A loan under this chapter is not bonded indebtedness for purposes of IC 6-1.1-18.5 or IC 6-1.1-20. As added by P.L.236-2023, SEC.43.

Sec. 2. As used in this chapter, "qualified taxing unit" means a city, township, or school corporation located in Lake County that experienced a property tax revenue shortfall in one (1) or more tax years: (1) that resulted from erroneous assessed valuation figures being provided…

Sec. 3. A qualified taxing unit, subject to the approval of the fiscal body of the qualified taxing unit, may apply to the treasurer of state for a loan from the counter-cyclical revenue and economic stabilization fund. As added by P.L.236-2023, SEC.43.

Sec. 4. Subject to this chapter, the treasurer of state, after review by the budget committee, shall determine the terms of any loan made under this chapter. As added by P.L.236-2023, SEC.43.

Sec. 5. The treasurer of state may: (1) impose interest on a loan under this chapter at a rate determined by the treasurer of state; or (2) determine that no interest is required to be charged on a loan under this chapter. As added by P.L.236-2023, SEC.43.

Sec. 6. (a) The total amount of all loans under this chapter for all calendar years may not exceed the total amount of property tax revenue shortfall for all qualified taxing units that resulted from erroneous assessed valuation amounts being provided to the qualified taxing unit…

Sec. 7. If a qualified taxing unit receives a loan under this chapter, the qualified taxing unit must repay the loan within twenty-five (25) years after the date on which the loan is made. No penalty may be imposed for repaying a loan under this chapter before the term of the loa…

Sec. 8. The treasurer of state may disburse in installments the proceeds of a loan made under this chapter. As added by P.L.236-2023, SEC.43.

Sec. 9. A qualified taxing unit may repay a loan under this chapter from any source or sources of revenue. As added by P.L.236-2023, SEC.43.

Sec. 0.1. The amendments made to section 6 of this chapter by P.L.67-2006 apply only to property taxes first due and payable after December 31, 2005. As added by P.L.220-2011, SEC.128.

Sec. 1. As used in this chapter, "commissioner" refers to the commissioner of the department of local government finance. As added by P.L.1-2004, SEC.37 and P.L.23-2004, SEC.40.

Sec. 10. If a provisional statement is used, the county treasurer shall give notice of tax rates required under IC 6-1.1-22-4 for the reconciling statement. As added by P.L.1-2004, SEC.37; P.L.23-2004, SEC.40. Amended by P.L.2-2005, SEC.18.

treasurer Sec. 11. (a) With respect to provisional statements under section 6 of this chapter, as soon as possible after the receipt of the abstract required by IC 6-1.1-22-5, the county treasurer shall: (1) give the notice required by IC 6-1.1-22-4; and (2) mail or transmit reco…

Sec. 12. (a) Except as provided by subsection (c), each reconciling statement must be on a form prescribed by the department of local government finance and must indicate: (1) the actual property tax liability under this article for the calendar year for which the reconciling sta…

Sec. 13. Taxpayers shall make all payments under this chapter to the county treasurer. The board of county commissioners may authorize the county treasurer to open temporary offices to receive payments under this chapter in municipalities in the county other than the county seat.…

Sec. 14. (a) Subject to subsection (b), not later than fifty-one (51) days after the due date of a provisional or reconciling statement under this chapter, the county auditor shall: (1) file with the state comptroller a report of settlement; and (2) distribute tax collections to …

Sec. 15. If a county auditor fails to make a distribution of tax collections under section 14 of this chapter, a taxing unit that was to receive a distribution may recover interest on the undistributed tax collections at the same rate and in the same manner that interest may be r…

Sec. 16. IC 6-1.1-15: (1) does not apply to a provisional statement; and (2) applies to a reconciling statement. As added by P.L.1-2004, SEC.37 and P.L.23-2004, SEC.40.

Sec. 17. IC 6-1.1-37-10 applies to: (1) a provisional statement; and (2) a reconciling statement; in the same manner that IC 6-1.1-37-10 applies to an installment of property taxes. As added by P.L.1-2004, SEC.37 and P.L.23-2004, SEC.40.

Sec. 18. For purposes of IC 6-1.1-24-1(a)(1): (1) the first installment on a provisional statement is considered to be the taxpayer's spring installment of property taxes; (2) except as provided in subdivision (3) or section 18.5 of this chapter, payment on a reconciling statemen…

Sec. 18.5. (a) A county council may adopt an ordinance to allow a taxpayer to make installment payments under this section of a tax payment due under a reconciling statement issued under this chapter or any other provision. (b) An ordinance adopted under this section must specify…

Sec. 19. The other provisions of this article supplement the provisions of this chapter concerning the collection of property taxes. As added by P.L.1-2004, SEC.37 and P.L.23-2004, SEC.40.

Sec. 2. As used in this chapter, "provisional statement" refers to a provisional property tax statement required by section 6 or 6.5 of this chapter as the context indicates. As added by P.L.1-2004, SEC.37 and P.L.23-2004, SEC.40. Amended by P.L.182-2009(ss), SEC.158.

Sec. 20. For purposes of a provisional statement under section 6 of this chapter, the department of local government finance may adopt rules under IC 4-22-2 to provide a methodology for a county treasurer to issue provisional statements with respect to real property, taking into …