LegalFix
Sign In

6-3.6-9-9. Summary of calculations used to determine certified distributions; contents

IN Code § 6-3.6-9-9 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

Sec. 9. The budget agency shall provide the adopting body with an informative summary of the calculations used to determine the certified distribution. The summary of calculations must include:

(1) the amount reported on individual income tax returns processed by the department during the previous fiscal year;

(2) adjustments for over distributions in prior years;

(3) adjustments for clerical or mathematical errors in prior years; and

(4) adjustments for tax rate changes.

As added by P.L.243-2015, SEC.10. Amended by P.L.197-2016, SEC.66; P.L.257-2019, SEC.72.

Previous Section
6-3.6-9-8.5. Transfer to state for department of state revenue's information technology modernization project
Next Section
6-3.6-9-10. Certification of additional information; part of the certified distribution attributable to each tax rate