Indiana Code
Chapter 6. Expenditure Rate
6-3.6-6-9. Allocation of Revenue for Economic Development; Amount of Certified Distribution

Sec. 9. (a) This section applies to the allocation of additional revenue from a tax under this chapter for economic development purposes.
(b) Money designated for economic development purposes shall be allocated to the county, cities, and towns for use by the taxing unit's fiscal body for any of the purposes described in IC 6-3.6-10. Except as provided in subsections (c) and (d) and IC 6-3.6-11, and subject to adjustment as provided in IC 36-8-19-7.5, the amount of the certified distribution allocated to economic development purposes that the county and each city or town in a county is entitled to receive each month of each year equals the amount determined using the following formula:
STEP ONE: Determine the sum of:
(A) the total property taxes being imposed by the county, city, or town during the calendar year preceding the distribution year; plus
(B) for a county, the welfare allocation amount.
STEP TWO: Determine the quotient of:
(A) The STEP ONE amount; divided by
(B) the sum of the total property taxes that are first due and payable to the county and all cities and towns of the county during the calendar year preceding the distribution year plus the welfare allocation amount.
STEP THREE: Determine the product of:
(A) the amount of the certified distribution allocated to economic development purposes for that month; multiplied by
(B) the STEP TWO amount.
(c) The body imposing the tax may adopt an ordinance before August 2 of a year to provide for a distribution of the amount allocated to economic development purposes based on population instead of a distribution under subsection (b). The following apply if an ordinance is adopted under this subsection:
(1) The ordinance is effective January 1 of the following year.
(2) The amount of the certified distribution allocated to economic development purposes that the county and each city and town in the county are entitled to receive during each month of each year equals the product of:
(A) the amount of the certified distribution that is allocated to economic development purposes for the month; multiplied by
(B) the quotient of:
(i) for a city or town, the population of the city or the town that is located in the county and for a county, the population of the part of the county that is not located in a city or town; divided by
(ii) the population of the entire county.
(3) The ordinance may be made irrevocable for the duration of specified lease rental or debt service payments.
(d) In a county having a consolidated city, only the consolidated city is entitled to the amount of the certified distribution that is allocated to economic development purposes.
As added by P.L.243-2015, SEC.10. Amended by P.L.149-2016, SEC.29; P.L.197-2016, SEC.53; P.L.247-2017, SEC.18.

Structure Indiana Code

Indiana Code

Title 6. Taxation

Article 3.6. Local Income Taxes

Chapter 6. Expenditure Rate

6-3.6-6-1. Imposition of Tax

6-3.6-6-2. Rate of Tax

6-3.6-6-2.5. Tax Rate for a Psap in Certain Counties; Adoption of Ordinance by County Fiscal Body; Distribution of Revenue

6-3.6-6-2.7. Tax Rate for Correctional and Rehabilitation Facilities; Adoption of Ordinance by County Fiscal Body; Distribution of Revenue

6-3.6-6-2.8. Tax Rate for Emergency Medical Services; Adoption of Ordinance by County Fiscal Body; Tax Rate; Distribution of Revenue

6-3.6-6-3. Treatment of Tax Revenue; Distributions to School Corporations and Civil Taxing Units; Additional Revenue; Additional Revenue May Not Reduce Levy Limit or Property Tax Rate; Revenue Pledged for Bonds

6-3.6-6-4. Additional Revenue; Allocation; Public Safety; Economic Development; Certified Shares

6-3.6-6-5. Allocations; Pledge for Payment of Bonds or Leases

6-3.6-6-6. Repealed

6-3.6-6-7. Repealed

6-3.6-6-8. Allocation of Certified Distribution; Allocation of Revenue for Public Safety; Dedication for Psap; Application for Distribution by a Fire Department or Emergency Medical Services Provider

6-3.6-6-8.5. Marion County; Allocation of Additional Revenue to Fund Operation of a Public Library, a Public Transportation Corporation; or a Public Communications Systems and Computer Facilities District

6-3.6-6-9. Allocation of Revenue for Economic Development; Amount of Certified Distribution

6-3.6-6-9.5. Capital Improvement Plan; Revenue Allocated for Economic Development; Effect of Not Adopting a Capital Improvement Plan; Components of a Plan

6-3.6-6-10. Allocation of Additional Revenue Allocated for Certified Shares

6-3.6-6-11. Eligibility for Allocation of Certified Shares; Civil Taxing Units; School Corporations Excluded

6-3.6-6-12. Allocation Amount of Certified Shares; Civil Taxing Units

6-3.6-6-13. Repealed

6-3.6-6-14. Calculation of Allocation of Certified Shares Among Civil Taxing Units

6-3.6-6-15. Adjustment of Allocation or Distribution of Certified Shares; Fire Protection Territory

6-3.6-6-16. Marion County; Certified Shares; Supplemental Allocation and Distribution Requirements

6-3.6-6-17. Certified Shares; Uses

6-3.6-6-18. Pledge of Certified Shares; Payment of Bonds; Lease Payments; Approval by Fiscal Body

6-3.6-6-19. Authorization for a Civil Taxing Unit to Distribute Its Certified Shares to Another Governmental Entity; Procedures

6-3.6-6-20. Allocation or Distribution of Revenue Made on the Basis of Property Tax Levies or Budgets in Certain Counties

6-3.6-6-21. Ability to Contribute Certified Shares to Regional Development Authority Infrastructure Fund

6-3.6-6-21.2. School Corporation Allocation of Local Income Tax Revenue to Any Fund