Calculation of distributive shares; allowable uses of revenue
Sec. 19. (a) Except as provided in sections 18(e) and 18.5(b)(3)
of this chapter, in determining the fractional share of distributive
shares the civil taxing units of a county are entitled to receive under
section 18 of this chapter during a calendar year, the department of
local government finance shall consider only property taxes imposed
on tangible property subject to assessment in that county.
(b) In determining the amount of distributive shares a civil taxing
unit is entitled to receive under section 18(g) of this chapter, the
department of local government finance shall consider only the
percentage of the civil taxing unit's budget that equals the ratio that
the total assessed valuation that lies within the civil taxing unit and
the county that has adopted the county option tax bears to the total
assessed valuation that lies within the civil taxing unit.
(c) The distributive shares to be allocated and distributed under
this chapter:
(1) shall be treated by each civil taxing unit as additional
revenue for the purpose of fixing the civil taxing unit's budget
for the budget year during which the distributive shares are to
be distributed to the civil taxing unit; and
(2) may be used for any lawful purpose of the civil taxing unit.
(d) In the case of a civil taxing unit that includes a consolidated
city, its fiscal body may distribute any revenue it receives under this
chapter to any governmental entity located in its county except an
excluded city, a township, or a school corporation.
As added by P.L.44-1984, SEC.14. Amended by P.L.225-1986,
SEC.11; P.L.273-1999, SEC.73; P.L.90-2002, SEC.297;
P.L.267-2003, SEC.11; P.L.118-2005, SEC.1.
Last modified: May 28, 2006