Determination of taxing units' base revenues and distribution
percentages
Sec. 19. (a) As used in this section, "assessed value" means an
amount equal to the true tax value of commercial vehicles that:
(1) are subject to the commercial vehicle excise tax under this
chapter; and
(2) would have been subject to assessment as personal property
on March 1, 2000, under the law in effect before January 1,
2000.
(b) For calendar year 2001, a taxing unit's base revenue shall be
determined as provided in subsection (f). For calendar years that
begin after December 31, 2001, a taxing unit's base revenue shall be
determined by multiplying the previous year's base revenue by one
hundred five percent (105%).
(c) The amount of commercial vehicle excise tax distributed to the
taxing units of Indiana from the commercial vehicle excise tax fund
shall be determined in the manner provided in this section. On or
before June 1, 2000, each township assessor of a county shall deliver
to the county assessor a list that states by taxing district the total
assessed value as shown on the information returns filed with the
assessor on or before May 15, 2000.
(d) On or before July 1, 2000, each county assessor shall certify
to the county auditor the assessed value of commercial vehicles in
every taxing district.
(e) On or before August 1, 2000, the county auditor shall certify
the following to the department of local government finance:
(1) The total assessed value of commercial vehicles in the
county.
(2) The total assessed value of commercial vehicles in each
taxing district of the county.
(f) The department of local government finance shall determine
each taxing unit's base revenue by applying the current tax rate for
each taxing district to the certified assessed value from each taxing
district. The department of local government finance shall also
determine the following:
(1) The total amount of base revenue to be distributed from the
commercial vehicle excise tax fund in 2001 to all taxing units
in Indiana.
(2) The total amount of base revenue to be distributed from the
commercial vehicle excise tax fund in 2001 to all taxing units
in each county.
(3) Each county's total distribution percentage. A county's total
distribution percentage shall be determined by dividing the total
amount of base revenue to be distributed in 2001 to all taxing
units in the county by the total base revenue to be distributed
statewide.
(4) Each taxing unit's distribution percentage. A taxing unit's
distribution percentage shall be determined by dividing each
taxing unit's base revenue by the total amount of base revenue
to be distributed in 2001 to all taxing units in the county.
(g) The department of local government finance shall certify each
taxing unit's base revenue and distribution percentage for calendar
year 2001 to the auditor of state on or before September 1, 2000.
(h) The auditor of state shall keep permanent records of each
taxing unit's base revenue and distribution percentage for calendar
year 2001 for purposes of determining the amount of money each
taxing unit in Indiana is entitled to receive in calendar years that
begin after December 31, 2001.
As added by P.L.181-1999, SEC.2. Amended by P.L.14-2000,
SEC.21; P.L.90-2002, SEC.306.
Last modified: May 28, 2006