Title 6, TITLE 6. TAXATION
297 chapters · 4,481 sections in this title.
Ind. Code § 6-1.1-21.1-13 Chapter constitutes complete authority for loans
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Sec. 13. The notes 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 authority for the making of the loan, the au…
Ind. Code § 6-1.1-21.1-14 Treasurer of state payment of delinquent loan payments from
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city funds held by state Sec. 14. Upon the failure of the city of LaPorte to make any of the city'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 fund…
Ind. Code § 6-1.1-21.1-2 Findings of general assembly
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Sec. 2. The general assembly finds that: (1) distributions of property tax revenue for 2008 and 2009 to the city of LaPorte either: (A) have not been made; or (B) have been delayed by more than sixty (60) days after either due date specified in IC 6-1.1-22-9; as a result of a sta…
Ind. Code § 6-1.1-21.1-3 City may apply to board for loan
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Sec. 3. The city of LaPorte, with the approval of the fiscal body of the city, may apply to the board for a loan from the counter-cyclical revenue and economic stabilization fund. As added by P.L.182-2009(ss), SEC.153.
Ind. Code § 6-1.1-21.1-4 Board determines terms of any loan after review by budget
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committee Sec. 4. Subject to this chapter, the board, after review by the budget committee, shall determine the terms of any loan made under this chapter. As added by P.L.182-2009(ss), SEC.153.
Ind. Code § 6-1.1-21.1-5 Interest on loan
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Sec. 5. Interest may be imposed on the loan at a rate determined by the board. As added by P.L.182-2009(ss), SEC.153.
Ind. Code § 6-1.1-21.1-6 Limit on amount of loan
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Sec. 6. The total amount of all loans under this chapter for all calendar years may not exceed the amount of revenue that the board determines has not been collected by the city of LaPorte from property taxes in 2008 and 2009 on the date of the loan. As added by P.L.182-2009(ss),…
Ind. Code § 6-1.1-21.1-8 Disbursement of loan proceeds by board
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Sec. 8. The board may disburse in installments the proceeds of a loan made under this chapter. As added by P.L.182-2009(ss), SEC.153.
Ind. Code § 6-1.1-21.1-9 Repayment of loan by city from any revenue sources
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Sec. 9. The city of LaPorte may repay a loan made under this chapter from any sources of revenue. As added by P.L.182-2009(ss), SEC.153.
Ind. Code § 6-1.1-21.2-1 Repealed
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As added by P.L.192-2002(ss), SEC.44. Repealed by P.L.146-2008, SEC.803.
Ind. Code § 6-1.1-21.2-10 "Tax increment revenues"
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Sec. 10. As used in this chapter, "tax increment revenues" means the property taxes attributable to the assessed value of property in excess of the base assessed value. As added by P.L.192-2002(ss), SEC.44.
Ind. Code § 6-1.1-21.2-11 Tax increment replacement amount; calculation
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Sec. 11. (a) The governing body shall estimate the tax increment replacement amount for each allocation area under the jurisdiction of the governing body for the next calendar year on the schedule prescribed by the department of local government finance. (b) The tax increment rep…
Ind. Code § 6-1.1-21.2-12 Governing body action to raise tax increment replacement
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amount; review and action by legislative body; procedure; funding of certain amount by metropolitan development commission from personal property taxes Sec. 12. (a) This section applies if the tax increment replacement amount for an allocation area in a district is greater than z…
Ind. Code § 6-1.1-21.2-13 Repealed
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As added by P.L.192-2002(ss), SEC.44. Repealed by P.L.146-2008, SEC.803.
Ind. Code § 6-1.1-21.2-14 Repealed
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As added by P.L.192-2002(ss), SEC.44. Amended by P.L.256-2003, SEC.26. Repealed by P.L.146-2008, SEC.803.
Ind. Code § 6-1.1-21.2-15 Special assessment and tax collections deposited in special
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fund; inapplicability of certain provisions to special assessments and taxes; exception from levy limits Sec. 15. (a) As the special assessment or tax imposed under this chapter is collected by the county treasurer, it shall be transferred to the governing body and accumulated an…
Ind. Code § 6-1.1-21.2-16 Adjustment for tax benefit
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Sec. 16. (a) This section applies if the tax increment replacement amount for an allocation area in a district is less than zero (0). (b) The governing body of a district shall increase the base assessed value of property in the allocation area to an amount sufficient so that the…
Ind. Code § 6-1.1-21.2-2 Applicability of definitions in IC 36
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Sec. 2. Except as otherwise provided, the definitions in IC 36 apply throughout this chapter. As added by P.L.192-2002(ss), SEC.44.
Ind. Code § 6-1.1-21.2-3 "Allocation area"
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Sec. 3. As used in this chapter, "allocation area" refers to an area that is established under the authority of any of the following statutes and in which tax increment revenues are collected: (1) IC 6-1.1-39. (2) IC 8-22-3.5. (3) IC 36-7-14. (4) IC 36-7-14.5. (5) IC 36-7-15.1. (…
Ind. Code § 6-1.1-21.2-4 "Base assessed value"
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Sec. 4. As used in this chapter, "base assessed value" means the base assessed value as that term is defined or used in: (1) IC 6-1.1-39-5(h); (2) IC 8-22-3.5-9(a); (3) IC 8-22-3.5-9.5; (4) IC 36-7-14-39(a); (5) IC 36-7-14-39.2; (6) IC 36-7-14-39.3(c); (7) IC 36-7-14-48; (8) IC 3…
Ind. Code § 6-1.1-21.2-5 "District"
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Sec. 5. As used in this chapter, "district" refers to the following: (1) An economic development district under IC 6-1.1-39. (2) An eligible entity (as defined in IC 8-22-3.5-2.5). (3) A redevelopment district, for an allocation area established under: (A) IC 36-7-14; or (B) IC 3…
Ind. Code § 6-1.1-21.2-6 "Governing body"
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Sec. 6. As used in this chapter, "governing body" means the following: (1) For an allocation area created under IC 6-1.1-39, the fiscal body of the county (as defined in IC 36-1-2-6). (2) For an allocation area created under IC 8-22-3.5, the commission (as defined in IC 8-22-3.5-…
Ind. Code § 6-1.1-21.2-6.6 "Obligation"
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Sec. 6.6. As used in this chapter, "obligation" means an obligation to repay: (1) the principal and interest on bonds; (2) lease rentals on leases; or (3) any other contractual obligation; payable from tax increment revenues. The term includes a guarantee of repayment from tax in…
Ind. Code § 6-1.1-21.2-7 "Property taxes"
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Sec. 7. As used in this chapter, "property taxes" means: (1) property taxes, as defined in: (A) IC 6-1.1-39-5(g); (B) IC 36-7-14-39(a); (C) IC 36-7-14-39.2; (D) IC 36-7-14-39.3(c); (E) IC 36-7-14.5-12.5; (F) IC 36-7-15.1-26(a); (G) IC 36-7-15.1-26.2(c); (H) IC 36-7-15.1-53(a); (I…
Ind. Code § 6-1.1-21.2-8 "Special fund"
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Sec. 8. As used in this chapter, "special fund" means: (1) the special funds referred to in IC 6-1.1-39-5; (2) the special funds referred to in IC 8-22-3.5-9(e); (3) the allocation fund referred to in IC 36-7-14-39(b)(4); (4) the allocation fund referred to in IC 36-7-14.5-12.5(d…
Ind. Code § 6-1.1-21.2-9 "Tax increment replacement amount"
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Sec. 9. As used in this chapter, "tax increment replacement amount" means the tax increment replacement amount determined under section 11 of this chapter. As added by P.L.192-2002(ss), SEC.44.
Ind. Code § 6-1.1-21.3-1 "Board", "qualified taxing unit", and "qualifying taxpayer"
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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…
Ind. Code § 6-1.1-21.3-2 Qualifying taxing unit may apply to board for loan
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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.182-2009(ss), SEC.156.
Ind. Code § 6-1.1-21.3-3 Determination of terms of loan by board; loan conditions;
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disbursement of installments by board; loan repayment; obligation to repay not basis for excessive tax levy; deposit by board of loan payments received Sec. 3. (a) The board, after review by the budget committee, shall determine the terms of a loan made under this chapter, subjec…
Ind. Code § 6-1.1-21.3-4 Certain amounts not considered for determination of levy
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excess; use of delinquent tax and effect on remaining loan balance; use of loan proceeds 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…
Ind. Code § 6-1.1-21.3-5 Loan not bonded indebtedness
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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.182-2009(ss), SEC.156.
Ind. Code § 6-1.1-21.4-0.5 "ADM"
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Sec. 0.5. As used in this chapter, "ADM" refers to a school corporation's average daily membership as determined under IC 20-43-4-2. As added by P.L.145-2012, SEC.15.
Ind. Code § 6-1.1-21.4-1 "Board"
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Sec. 1. As used in this chapter, "board" refers to the state board of finance. As added by P.L.131-2008, SEC.5.
Ind. Code § 6-1.1-21.4-2 "Eligible school corporation"
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Sec. 2. As used in this chapter, "eligible school corporation" refers to any of the following: (1) A school corporation located in a county in which distributions of property tax revenue for 2007 or 2008 to the taxing units (as defined in IC 6-1.1-1-21) of the county: (A) have no…
Ind. Code § 6-1.1-21.4-3 Eligible school corporation; maximum loan; loan terms
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Sec. 3. (a) An eligible school corporation may apply to the board for a loan from the counter-cyclical revenue and economic stabilization fund. (b) Subject to subsections (c) and (d) and section 3.5 of this chapter, an eligible school corporation described in section 2(2) of this…
Ind. Code § 6-1.1-21.4-3.5 Termination of authority to make loans
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Sec. 3.5. The board may not approve a loan under this chapter after December 31, 2017. As added by P.L.145-2012, SEC.18.
Ind. Code § 6-1.1-21.4-4 Board determination of loan amount; disbursement of funds;
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loan repayment; no excessive levy; deposit of payments received Sec. 4. (a) The board, after review by the budget committee, shall determine the terms of any loan made under this chapter. The interest rate on the loan is the interest rate established by the commissioner of the de…
Ind. Code § 6-1.1-21.4-5 Effects on levy excess funds
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Sec. 5. The proceeds of a loan received by an eligible school corporation under this chapter are not considered to be part of the ad valorem property tax levy actually collected by the eligible school corporation for taxes first due and payable during a particular calendar year f…
Ind. Code § 6-1.1-21.4-6 Loan is not bonded indebtedness
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Sec. 6. 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.131-2008, SEC.5. Amended by P.L.145-2012, SEC.20.
Ind. Code § 6-1.1-21.4-7 Failure to repay loan
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Sec. 7. Upon the failure of a school corporation to repay any of the school corporation's obligations under this chapter during a calendar year when due, the treasurer of state, upon being notified of the failure by the board, shall pay the unpaid obligations that are due from mo…
Ind. Code § 6-1.1-21.5-1 "Qualified taxing unit"
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Sec. 1. As used in this chapter, "qualified taxing unit" means each of the following: (1) A city having a population of more than twenty-six thousand (26,000) and less than twenty-eight thousand (28,000). (2) The sanitary district of a city described in subdivision (1). (3) The l…
Ind. Code § 6-1.1-21.5-2 "Board"
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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.
Ind. Code § 6-1.1-21.5-3 Loan application; prerequisites to grant of loan
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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…
Ind. Code § 6-1.1-21.5-4 Maximum amount of loan
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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…
Ind. Code § 6-1.1-21.5-5 Terms of loan; interest; repayment; depository
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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…
Ind. Code § 6-1.1-21.5-6 Loan proceeds and delinquent tax payments; levy excess
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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…
Ind. Code § 6-1.1-21.8-1 "Board" defined
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Sec. 1. As used in this chapter, "board" refers to the state board of finance. As added by P.L.157-2002, SEC.1.
Ind. Code § 6-1.1-21.8-2 "Qualified taxing unit"
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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-…
Ind. Code § 6-1.1-21.8-3 Loan application; prerequisites to grant of loan
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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…
Ind. Code § 6-1.1-21.8-4 Loan terms; repayment schedule
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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…