Rate decrease or increase; limitations; ordinance; effective date;
vote
Sec. 6. (a) The body imposing the tax may decrease or increase
the county economic development income tax rate imposed upon the
county taxpayers as long as the resulting rate does not exceed the
rates specified in section 5(b) and 5(c) or 5(g) of this chapter. The
rate imposed under this section must be adopted at one (1) of the
rates specified in section 5(b) of this chapter. To decrease or increase
the rate, the appropriate body must, after January 1 but before April
1 of a year, adopt an ordinance. The ordinance must substantially
state the following:
"The ________ County __________ increases (decreases) the
county economic development income tax rate imposed upon
the county taxpayers of the county from _____ percent (___%)
to _____ percent (___%). This tax rate increase (decrease) takes
effect July 1 of this year.".
(b) Any ordinance adopted under this section takes effect July 1
of the year the ordinance is adopted.
(c) The auditor of a county shall record all votes taken on
ordinances presented for a vote under the authority of this section
and immediately send a certified copy of the results to the
department by certified mail.
As added by P.L.380-1987(ss), SEC.6. Amended by P.L.35-1990,
SEC.21; P.L.44-1994, SEC.7; P.L.99-1995, SEC.2; P.L.119-1998,
SEC.12.
Last modified: May 28, 2006