Title 6, TITLE 6. TAXATION

distressed political subdivision; powers and duties Sec. 6.8. (a) This section applies only to the Gary Community School Corporation. (b) The general assembly finds that the provisions of this section: (1) are necessary to address the unique issues faced by the Gary Community Sch…

As added by P.L.213-2015, SEC.81. Amended by P.L.127-2016, SEC.1. Repealed by P.L.213-2018(ss), SEC.6. IC 6-1.1-20.3-7 Repealed As added by P.L.224-2007, SEC.36. Amended by P.L.146-2008, SEC.206; P.L.1-2009, SEC.43. Repealed by P.L.145-2012, SEC.7.

As added by P.L.241-2017, SEC.9. Amended by P.L.213-2018(ss), SEC.7. Repealed by P.L.184-2023, SEC.7 and P.L.236-2023, SEC.37.

attorney general and immunity from civil liability for emergency manager, chief financial officer, and chief academic officer Sec. 7.5. (a) This section does not apply to a school corporation designated before July 1, 2013, as a distressed political subdivision. (b) If a politica…

As added by P.L.224-2007, SEC.36. Amended by P.L.146-2008, SEC.207. Repealed by P.L.145-2012, SEC.9.

Sec. 8.3. After the board receives a petition concerning a school corporation under section 6(b)(1) of this chapter, the board shall review the school corporation's request for a loan from the counter-cyclical revenue and economic stabilization fund under IC 6-1.1-21.4-3(b). The …

As added by P.L.257-2013, SEC.24. Expired 7-1-2015 by P.L.257-2013, SEC.24.

Sec. 8.5. (a) This section does not apply to a school corporation designated before July 1, 2013, as a distressed political subdivision. (b) Notwithstanding any other law, an emergency manager of a distressed political subdivision appointed under this chapter shall assume and exe…

Sec. 8.7. A school corporation that is designated a distressed political subdivision may not do any of the following without the approval of the board during the period before the board terminates the school corporation's status as a distressed political subdivision: (1) Acquire …

Sec. 9. The board shall keep a record of its proceedings and its orders. IC 5-14-1.5 (the open door law) applies to the board's meetings. As added by P.L.146-2008, SEC.208. Amended by P.L.241-2017, SEC.13.

Sec. 9.9. (a) A petition may be filed with the board to appeal a decision by the emergency manager. (b) Two hundred fifty (250) or more individuals residing within the distressed political subdivision who are of the opinion that the decision by the emergency manager is not fair o…

Sec. 1. As used in this chapter, "homestead" has the meaning set forth in IC 6-1.1-12-37. As added by P.L.246-2005, SEC.61. Amended by P.L.1-2009, SEC.44.

Sec. 2. As used in this chapter, "property tax liability" means liability for the tax imposed on property under this article determined after application of all credits and deductions under this article, except the credit under this chapter, but does not include any interest or p…

Sec. 3. As used in this chapter, "revenue" includes revenue received by a political subdivision under any law or from any person. As added by P.L.246-2005, SEC.61.

Sec. 4. (a) A political subdivision may adopt an ordinance or resolution each year to provide for the use of revenue for the purpose of providing a homestead credit the following year to homesteads. An ordinance must be adopted under this section before December 31 for credits to…

Sec. 5. An ordinance or resolution adopted under this chapter must provide for a homestead credit that is either a uniform: (1) percentage of the net property taxes due on the homestead after the application of all other deductions and credits; or (2) dollar amount applicable to …

Sec. 6. If the credit under this chapter is authorized for property taxes first due and payable in a calendar year, a person is entitled to a credit against the person's property tax liability for property taxes first due and payable in that calendar year attributable to the pers…

Sec. 8. If an ordinance or resolution is adopted under this chapter, the county auditor shall, for the calendar year in which a homestead credit is authorized under this chapter, account for the revenue used to provide the homestead credit in a manner so that no other political s…

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.24…

Sec. 0.3. The general assembly finds and determines the following: (1) Lake County and St. Joseph County are counties for which limits to property tax liability under this chapter (and as described in the proposed subsection (h) of Article 10, Section 1 of the Constitution of the…

Sec. 0.5. As used in this chapter, "agricultural land" refers to land assessed as agricultural land under the real property assessment rules and guidelines of the department of local government finance. As added by P.L.146-2008, SEC.213. IC 6-1.1-20.6-1 Repealed As added by P.L.2…

Sec. 1.2. (a) This section applies to credit determinations after 2013. (b) As used in this chapter, "common areas" means any of the following: (1) Residential property improvements on real property on which a building that includes two (2) or more dwelling units, a mobile home, …

Sec. 1.6. As used in this chapter, "gross assessed value" refers to the assessed value of property after the application of all exemptions under IC 6-1.1-10 or any other provision. As added by P.L.146-2008, SEC.214.

Sec. 10. (a) As used in this section, "debt service obligations of a political subdivision" refers to: (1) the principal and interest payable during a calendar year on bonds; and (2) lease rental payments payable during a calendar year on leases; of a political subdivision payabl…

Sec. 11. The department of local government finance shall annually publish a report on its Internet web site that lists the amount that each taxing unit's distribution of property taxes will be reduced under section 9.5 of this chapter as a result of the granting of the credits. …

of property taxes by credits; information to be provided by taxing units Sec. 11.1. (a) Before August 1 of each year, the department of local government finance shall provide to each taxing unit that levies property taxes an estimate of the amount by which the taxing unit's distr…

Sec. 12. For purposes of computing and distributing after 2008 any excise taxes or local option income taxes for which the distribution is based on the amount of a taxing unit's property tax levy, the computation and distribution of the excise tax or local option income tax shall…

Sec. 13. (a) A political subdivision is eligible to allocate credits proportionately under this section if the distressed unit appeal board has approved the waiver request of the emergency manager for the political subdivision under IC 6-1.1-20.3-8.5. (b) For a political subdivis…

Sec. 2. (a) As used in this chapter, "homestead" refers to a homestead that has been granted a standard deduction under IC 6-1.1-12-37. (b) The term includes a house or apartment that is owned or leased by a cooperative housing corporation (as defined in 26 U.S.C. 216(b)). As add…

Sec. 2.3. As used in this chapter, "long term care property" means property that: (1) is used for the long term care of an impaired individual; and (2) is one (1) of the following: (A) A health facility licensed under IC 16-28. (B) A housing with services establishment (as define…

Sec. 2.4. As used in this chapter: (1) "manufactured home" has the meaning set forth in IC 22-12-1-16; and (2) "mobile home" has the meaning set forth in IC 16-41-27-4. As added by P.L.146-2008, SEC.217.

Note: This version of section effective 1-1-2024. See also preceding version of this section, effective until 1-1-2024. Sec. 2.5. As used in this chapter, "nonresidential real property" refers to real property that is not: (1) a homestead; (2) residential property; (3) long term …

Sec. 3. As used in this chapter, "property tax liability" means, for purposes of: (1) this chapter, other than section 8.5 of this chapter, liability for the tax imposed on property under this article determined after application of all credits and deductions under this article o…

As added by P.L.146-2008, SEC.220. Repealed by P.L.182-2009(ss), SEC.465.

Note: This version of section effective 1-1-2024. See also preceding version of this section, effective until 1-1-2024. Sec. 4. As used in this chapter, "residential property" refers to real property that consists of any of the following: (1) A single family dwelling that is not …

As added by P.L.246-2005, SEC.62. Repealed by P.L.146-2008, SEC.811.

As added by P.L.246-2005, SEC.62. Amended by P.L.162-2006, SEC.8. Repealed by P.L.146-2008, SEC.811.

As added by P.L.162-2006, SEC.9. Amended by P.L.1-2007, SEC.43; P.L.224-2007, SEC.37. Repealed by P.L.146-2008, SEC.811.

Sec. 7. (a) This subsection applies to property taxes first due and payable in 2009. A person is entitled to a credit against the person's property tax liability for property taxes first due and payable in 2009. The amount of the credit is the amount by which the person's propert…

Sec. 7.5. (a) A person is entitled to a credit against the person's property tax liability for property taxes first due and payable after 2009. The amount of the credit is the amount by which the person's property tax liability attributable to the person's: (1) homestead exceeds …

Sec. 8. Except as provided in section 8.5 of this chapter, a person is not required to file an application for the credit under this chapter. The county auditor shall: (1) identify the property in the county eligible for the credit under this chapter; and (2) apply the credit und…

requirements; cost of living adjustment Sec. 8.5. (a) This section applies to an individual who: (1) qualified for a standard deduction granted under IC 6-1.1-12-37 for the individual's homestead property in the immediately preceding calendar year (or was married at the time of d…

As added by P.L.246-2005, SEC.62. Amended by P.L.162-2006, SEC.12; P.L.2-2006, SEC.56; P.L.1-2007, SEC.44. Repealed by P.L.146-2008, SEC.810.

Sec. 9.5. (a) This section applies only to credits under this chapter against property taxes first due and payable after December 31, 2006. (b) The application of the credit under this chapter results in a reduction of the property tax collections of each political subdivision in…

Sec. 9.8. (a) This section applies to property taxes first due and payable after December 31, 2009. (b) The following definitions apply throughout this section: (1) "Debt service obligations of a political subdivision" refers to: (A) the principal and interest payable during a ca…

Sec. 9.9. (a) This subsection applies to credits allocated before January 1, 2024. If: (1) a school corporation after July 1, 2016, issues new bonds or enters into a new lease rental agreement for which the school corporation is imposing or will impose a debt service levy other t…

Sec. 1. As used in this chapter, "board" refers to the state board of finance. As added by P.L.182-2009(ss), SEC.153.

Sec. 10. The obligation to repay a loan made under this chapter is not a basis for the city of LaPorte to obtain an excessive tax levy. As added by P.L.182-2009(ss), SEC.153.

Sec. 11. Whenever the board receives a payment on a loan made under this chapter, the board shall deposit the amount paid in the counter-cyclical revenue and economic stabilization fund. As added by P.L.182-2009(ss), SEC.153.

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