IC 6-3.6-9-9 — Summary of calculations used to determine certified distributions; contents

Bills citing this section

• HB 12102026Signed into law

  Department of local government finance.

• SB 2382026In committee

  Property and local income taxes.

Section text

Sec. 9. The budget agency shall provide the adopting body with an informative summary of the calculations used to determine the certified distribution. The summary of calculations must include: (1) the amount reported on individual income tax returns processed by the department during the previous fiscal year; (2) adjustments for over distributions in prior years; (3) adjustments for clerical or mathematical errors in prior years; and (4) adjustments for tax rate changes.

As added by P.L.243-2015, SEC.10. Amended by P.L.197-2016, SEC.66; P.L.257-2019, SEC.72.

Source: official publisher (2026 edition)