Requirement for credit; adoption of ordinance; county fiscal body
Sec. 6. (a) A county fiscal body:
(1) may adopt an ordinance to authorize the application of the
credit under this chapter for one (1) or more calendar years to
qualified residential property in the county; and
(2) must adopt an ordinance under subdivision (1) before July
1 of a calendar year to authorize the credit under this chapter for
property taxes first due and payable in the immediately
succeeding calendar year.
(b) An ordinance adopted under this section must specify the
categories of residential property listed in section 4 of this chapter
that are eligible for the credit provided under this chapter.
As added by P.L.246-2005, SEC.62.
Last modified: May 28, 2006