6-1.1-20.4-9. Limitations on recovering lost revenue

IN Code § 6-1.1-20.4-9 (2019) (N/A)
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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.