Note: This version of section effective 7-1-2027. See also preceding version of this section, effective until 7-1-2027.
Sec. 12. One-twelfth (1/12) of each adopting county's certified distribution for a calendar year shall be distributed:
(1) before January 1, 2028, from its trust account established under this chapter; and
(2) after December 31, 2027, from the state and local income tax holding account established under this chapter;
to the appropriate county treasurer on the first regular business day of each month of that calendar year.