Sec. 2. If the tax is not in effect during a local taxpayer's entire taxable year, the amount of tax that the local taxpayer owes for that taxable year equals the product of:
(1) the amount of tax the local taxpayer would owe if the tax had been imposed during the local taxpayer's entire taxable year; multiplied by
(2) a fraction equal to:
(A) the number of days in the local taxpayer's taxable year during which the tax was in effect; divided by
(B) the total number of days in the local taxpayer's taxable year.
However, if the taxpayer files state income tax returns on a calendar year basis, the fraction to be applied under this section is one-half (1/2).
As added by P.L.243-2015, SEC.10.
Structure Indiana Code
Article 3.6. Local Income Taxes
Chapter 8. Administration of Tax
6-3.6-8-1. Determination of Tax Rates; Different Tax Rates in a Taxable Year
6-3.6-8-2. Tax Liability; Determination When Tax Is Not in Effect During Entire Taxable Year
6-3.6-8-3. County Residency and Place of Business or Employment; Determination
6-3.6-8-4. Reciprocity Agreements for Exemption From Tax; Local Governmental Entities
6-3.6-8-5. Adjusted Gross Income Tax Provisions; Applicability; Employer's Withholding Report
6-3.6-8-6. Credit; Taxes Imposed by a Governmental Entity Outside Indiana
6-3.6-8-7. Perry County; Adjusted Gross Income Earned in an Adjacent County Located in Another State