Sec. 8.5. (a) The budget agency shall before February 1, 2018, transfer to the state general fund from each county's trust account established under IC 6-3.6 an amount equal to:
(1) the amount of the county's certified distribution under IC 6-3.6 that is allocated to certified shares under IC 6-3.6-6 for calendar year 2017; multiplied by
(2) five-tenths of one percent (0.5%);
to reimburse the state general fund for expenditures related to the department's information technology modernization project.
(b) To the extent that the balance in a county's trust account is insufficient for the budget agency to make the entire amount of the transfer required under subsection (a) before February 1, 2018, the budget agency shall make any remaining part of the required transfer from the county's trust account in subsequent years on a schedule determined by the budget agency until the entire amount of the required transfer has been made.
As added by P.L.217-2017, SEC.67.
Structure Indiana Code
Article 3.6. Local Income Taxes
Chapter 9. Distribution of Revenue
6-3.6-9-1. Budget Agency Accounting for Each County; Undistributed Amounts
6-3.6-9-4. Distribution of Revenue to a County; Amount
6-3.6-9-6. Reduction of Certified Amount to Offset Overpayment
6-3.6-9-7. Adjustment of Certified Distribution; Clerical or Mathematical Errors
6-3.6-9-8. Adjustment of Certified Distribution; Tax; Tax Rate
6-3.6-9-9. Summary of Calculations Used to Determine Certified Distributions; Contents
6-3.6-9-11. Deadline for Summary of Calculations; Certification of Additional Information
6-3.6-9-12. Trust Account; Monthly Distributions
6-3.6-9-13. Trust Account; Manner of Distributions; Warrants
6-3.6-9-14. Trust Account; Report of Account Balance
6-3.6-9-15. Trust Account; Excess Balance; Supplemental Distribution; Amount; Allocation
6-3.6-9-16. Allocation and Distribution of a County's Monthly Payment to the Appropriate Entities