Sec. 9. The application of the credit under this chapter results in a reduction of the property tax collections of the political subdivision which provided the credit. A political subdivision may not increase its property tax levy to make up for that reduction.
As added by P.L.246-2005, SEC.61.
Structure Indiana Code
Chapter 20.4. Local Homestead Credits
6-1.1-20.4-2. "Property Tax Liability"
6-1.1-20.4-4. Requirement for Credit; Adoption of Ordinance or Resolution
6-1.1-20.4-5. Calculation of Credit
6-1.1-20.4-6. Credit Applicable Only to Homestead
6-1.1-20.4-7. Exemption From Filing Requirement