Ind. Code § 6-3.6-9-9
Summary of calculations used to determine certified distributions; contents
Redline — January 1, 2018 → current.View current text →
Current — January 1, 2025
As of January 1, 2018
Note: This version of section effective until 7-1-2027. See also following version of this section, effective 7-1-2027.
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:
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;
(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;
(2) adjustments for over distributions in prior years;
(3) adjustments for clerical or mathematical errors in prior years;
(3) adjustments for clerical or mathematical errors in prior years; and
(4) adjustments for tax rate changes; and
(4) adjustments for tax rate changes.
(5) the amount of excess account balances to be distributed under section 15 of this chapter.
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.