Indiana Code - Taxation - Title 6, Section 6-1.1-20.4-8

Adjustment of distributions to reflect credit

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
subdivision in the county suffers a revenue loss because of the
allowance of the homestead credit.

As added by P.L.246-2005, SEC.61.

Last modified: May 28, 2006