Imposition of tax by fiscal body of municipality
Sec. 9. (a) Except as provided in subsections (c) and (d) and in
section 12(c) of this chapter, the fiscal body of a municipality located
in a qualifying county may impose a municipal option income tax,
which consists of a tax on the adjusted gross income of municipal
taxpayers of the municipality. If the tax is imposed, the tax takes
effect:
(1) September 1, 2001, if the fiscal body adopts an ordinance to
impose the tax before July 1, 2001; or
(2) July 1 of the year that the ordinance imposing the tax is
adopted, if the ordinance is adopted in 2002 or a later calendar
year.
(b) A municipal fiscal body shall hold a public hearing on the
proposed ordinance before adopting an ordinance under subsection
(a). The municipal fiscal body shall give public notice of the public
hearing under IC 5-3-1.
(c) A fiscal body may not impose a municipal option income tax
under subsection (a) for a period in which the county adjusted gross
income tax, the county option income tax, or the economic
development income tax is in effect in the qualifying county in which
the municipality is located.
(d) A fiscal body may not impose a municipal option income tax
for a calendar year that begins after December 31, 2005.
As added by P.L.151-2001, SEC.6. Amended by P.L.1-2002, SEC.35.
Last modified: May 28, 2006