2018 Indiana Code
TITLE 6. Taxation
ARTICLE 1.1. PROPERTY TAXES
CHAPTER 10.3. County Option Exemption of Business Personal Property
6-1.1-10.3-5. Adoption of exemption ordinance by local income tax council

Universal Citation: IN Code § 6-1.1-10.3-5 (2018)
IC 6-1.1-10.3-5 Adoption of exemption ordinance by local income tax council

     Sec. 5. (a) A local income tax council may adopt an exemption ordinance that exempts new personal property located in the county from property taxation as provided in section 6 of this chapter.

     (b) For purposes of adopting an exemption ordinance under this chapter, a local income tax council is comprised of the same members as the local income tax council that is established by IC 6-3.6-3-1 for the county, regardless of whether a local income tax is in effect in the county and regardless of how the local income tax in effect in the county is allocated. Except as provided in this chapter, the local income tax council shall use the same procedures that apply under IC 6-3.6-3 when acting under this chapter.

     (c) Before adopting an exemption ordinance under this section, a local income tax council must conduct a public hearing on the proposed exemption ordinance. The local income tax council must publish notice of the public hearing in accordance with IC 5-3-1.

     (d) The local income tax council shall provide a certified copy of an adopted exemption ordinance to the department of local government finance and the county auditor.

As added by P.L.80-2014, SEC.2. Amended by P.L.197-2016, SEC.10.

 

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