reglab/housing_qa huggingface dataset:
IN Code § 6-1.1-20.6-11.1 (2021)
2021 Indiana Code|Title 6. Taxation|Article 1.1. Property Taxes|Chapter 20.6. Credit for Excessive Property Taxes|6-1.1-20.6-11.1. Department of Local Government Finance Estimates of Reduction of Property Taxes by Credits; Information to Be Provided by Taxing Units

Sec. 11.1. (a) Before August 1 of each year, the department of local government finance shall provide to each taxing unit that levies property taxes an estimate of the amount by which the taxing unit's distribution of property taxes will be reduced under section 9.5 of this chapter in the ensuing year.(b) To determine the estimates required by subsection (a), the department of local government finance shall use the best available assessed value data and the levy limitation estimates determined under IC 6-1.1-18.5-24.(c) The department of local government finance may also require taxing units to provide information on proposed debt issuance, excess levy appeals, and fund establishments occurring in the current year that may affect the tax levies and tax rates for the ensuing year. This information shall be collected in a manner prescribed by the department of local government finance. Taxing units shall provide the requested information to the department of local government finance by the deadline established by the department of local government finance, which may not be later than June 30 of each year.As added by P.L.184-2016, SEC.20.
IN Code § 6-1.1-20.6-12 (2021)
2021 Indiana Code|Title 6. Taxation|Article 1.1. Property Taxes|Chapter 20.6. Credit for Excessive Property Taxes|6-1.1-20.6-12. Application of Credit of Excise Tax Distribution Calculations

Sec. 12. For purposes of computing and distributing after 2008 any excise taxes or local option income taxes for which the distribution is based on the amount of a taxing unit's property tax levy, the computation and distribution of the excise tax or local option income tax shall be based on the taxing unit's property tax levy as calculated before any reduction due to credits provided to taxpayers under this chapter.As added by P.L.146-2008, SEC.228.
IN Code § 6-1.1-20.6-13 (2021)
2021 Indiana Code|Title 6. Taxation|Article 1.1. Property Taxes|Chapter 20.6. Credit for Excessive Property Taxes|6-1.1-20.6-13. Allocation of Credits by Distressed Political Subdivisions

Sec. 13. (a) A political subdivision is eligible to allocate credits proportionately under this section if the distressed unit appeal board has approved the waiver request of the emergency manager for the political subdivision under IC 6-1.1-20.3-8.5.(b) For a political subdivision that has been granted a waiver under IC 6-1.1-20.3-8.5, the political subdivision may allocate the effect of the credits granted under this chapter proportionately among all the political subdivision's property tax funds that are not exempt under section 7.5(b) or 7.5(c) of this chapter, based on the levy for each fund and without taking into account the requirements of section 9.8 of this chapter regarding protected taxes.As added by P.L.241-2017, SEC.16.
IN Code § 6-1.1-21.1-1 (2021)
2021 Indiana Code|Title 6. Taxation|Article 1.1. Property Taxes|Chapter 21.1. Rainy Day Fund Loans to the City of Laporte|6-1.1-21.1-1. "Board"

Sec. 1. As used in this chapter, "board" refers to the state board of finance.As added by P.L.182-2009(ss), SEC.153.
IN Code § 6-1.1-21.1-2 (2021)
2021 Indiana Code|Title 6. Taxation|Article 1.1. Property Taxes|Chapter 21.1. Rainy Day Fund Loans to the City of Laporte|6-1.1-21.1-2. Findings of General Assembly

Sec. 2. The general assembly finds that:(1) distributions of property tax revenue for 2008 and 2009 to the city of LaPorte either:(A) have not been made; or(B) have been delayed by more than sixty (60) days after either due date specified in IC 6-1.1-22-9;as a result of a state ordered reassessment of property in the county; and(2) the city is having severe difficulty carrying out the governmental functions committed to it by law as a result of the delay in the distribution of tax revenue to the city.As added by P.L.182-2009(ss), SEC.153.
IN Code § 6-1.1-21.1-3 (2021)
2021 Indiana Code|Title 6. Taxation|Article 1.1. Property Taxes|Chapter 21.1. Rainy Day Fund Loans to the City of Laporte|6-1.1-21.1-3. City May Apply to Board for Loan

Sec. 3. The city of LaPorte, with the approval of the fiscal body of the city, may apply to the board for a loan from the counter-cyclical revenue and economic stabilization fund.As added by P.L.182-2009(ss), SEC.153.
IN Code § 6-1.1-21.1-4 (2021)
2021 Indiana Code|Title 6. Taxation|Article 1.1. Property Taxes|Chapter 21.1. Rainy Day Fund Loans to the City of Laporte|6-1.1-21.1-4. Board Determines Terms of Any Loan After Review by Budget Committee

Sec. 4. Subject to this chapter, the board, after review by the budget committee, shall determine the terms of any loan made under this chapter.As added by P.L.182-2009(ss), SEC.153.
IN Code § 6-1.1-21.1-5 (2021)
2021 Indiana Code|Title 6. Taxation|Article 1.1. Property Taxes|Chapter 21.1. Rainy Day Fund Loans to the City of Laporte|6-1.1-21.1-5. Interest on Loan

Sec. 5. Interest may be imposed on the loan at a rate determined by the board.As added by P.L.182-2009(ss), SEC.153.
IN Code § 6-1.1-21.1-6 (2021)
2021 Indiana Code|Title 6. Taxation|Article 1.1. Property Taxes|Chapter 21.1. Rainy Day Fund Loans to the City of Laporte|6-1.1-21.1-6. Limit on Amount of Loan

Sec. 6. The total amount of all loans under this chapter for all calendar years may not exceed the amount of revenue that the board determines has not been collected by the city of LaPorte from property taxes in 2008 and 2009 on the date of the loan.As added by P.L.182-2009(ss), SEC.153.
IN Code § 6-1.1-21.1-7 (2021)
2021 Indiana Code|Title 6. Taxation|Article 1.1. Property Taxes|Chapter 21.1. Rainy Day Fund Loans to the City of Laporte|6-1.1-21.1-7. Term of Loan Repayment; Penalty

Sec. 7. If the city of LaPorte receives a loan under this chapter, the city must repay the loan within seventy-two (72) months after the date on which the loan is made. No penalty may be imposed for repaying a loan before the term of the loan.As added by P.L.182-2009(ss), SEC.153.
IN Code § 6-1.1-21.1-8 (2021)
2021 Indiana Code|Title 6. Taxation|Article 1.1. Property Taxes|Chapter 21.1. Rainy Day Fund Loans to the City of Laporte|6-1.1-21.1-8. Disbursement of Loan Proceeds by Board

Sec. 8. The board may disburse in installments the proceeds of a loan made under this chapter.As added by P.L.182-2009(ss), SEC.153.
IN Code § 6-1.1-21.1-9 (2021)
2021 Indiana Code|Title 6. Taxation|Article 1.1. Property Taxes|Chapter 21.1. Rainy Day Fund Loans to the City of Laporte|6-1.1-21.1-9. Repayment of Loan by City From Any Revenue Sources

Sec. 9. The city of LaPorte may repay a loan made under this chapter from any sources of revenue.As added by P.L.182-2009(ss), SEC.153.
IN Code § 6-1.1-21.1-10 (2021)
2021 Indiana Code|Title 6. Taxation|Article 1.1. Property Taxes|Chapter 21.1. Rainy Day Fund Loans to the City of Laporte|6-1.1-21.1-10. Obligation to Repay Loan Not Basis to Obtain Excessive Tax Levy

Sec. 10. The obligation to repay a loan made under this chapter is not a basis for the city of LaPorte to obtain an excessive tax levy.As added by P.L.182-2009(ss), SEC.153.
IN Code § 6-1.1-21.1-11 (2021)
2021 Indiana Code|Title 6. Taxation|Article 1.1. Property Taxes|Chapter 21.1. Rainy Day Fund Loans to the City of Laporte|6-1.1-21.1-11. Deposit by Board of Loan Payments

Sec. 11. Whenever the board receives a payment on a loan made under this chapter, the board shall deposit the amount paid in the counter-cyclical revenue and economic stabilization fund.As added by P.L.182-2009(ss), SEC.153.
IN Code § 6-1.1-21.1-12 (2021)
2021 Indiana Code|Title 6. Taxation|Article 1.1. Property Taxes|Chapter 21.1. Rainy Day Fund Loans to the City of Laporte|6-1.1-21.1-12. Loan Proceeds Received Not Considered Part of Levy Excess

Sec. 12. The proceeds of a loan received by an eligible taxing unit under this chapter are not considered to be part of the ad valorem property tax levy actually collected by the city of LaPorte for taxes first due and payable during a particular calendar year for the purpose of calculating levy excess.As added by P.L.182-2009(ss), SEC.153.
IN Code § 6-1.1-21.1-13 (2021)
2021 Indiana Code|Title 6. Taxation|Article 1.1. Property Taxes|Chapter 21.1. Rainy Day Fund Loans to the City of Laporte|6-1.1-21.1-13. Chapter Constitutes Complete Authority for Loans

Sec. 13. The notes and the authorization, issuance, sale, and delivery of the notes are not subject to any general statute concerning obligations issued by the local governmental entity borrower. This chapter contains full and complete authority for the making of the loan, the authorization, issuance, sale, and delivery of the notes, and the repayment of the loan by the borrower, and no law, procedure, proceedings, publications, notices, consents, approvals, orders, or acts by any officer, department, agency, or instrument of the state or of any political subdivision is required to make the loan, issue the notes, or repay the loan except as prescribed in this chapter.As added by P.L.182-2009(ss), SEC.153.
IN Code § 6-1.1-21.1-14 (2021)
2021 Indiana Code|Title 6. Taxation|Article 1.1. Property Taxes|Chapter 21.1. Rainy Day Fund Loans to the City of Laporte|6-1.1-21.1-14. Treasurer of State Payment of Delinquent Loan Payments From City Funds Held by State

Sec. 14. Upon the failure of the city of LaPorte to make any of the city's payments on a loan granted under this chapter when due, the treasurer of state, upon being notified of the failure by the board, may pay the unpaid amount that is due from the funds held by the state that would be otherwise distributable to the city.As added by P.L.182-2009(ss), SEC.153.
IN Code § 6-1.1-21.2-2 (2021)
2021 Indiana Code|Title 6. Taxation|Article 1.1. Property Taxes|Chapter 21.2. Tax Increment Replacement|6-1.1-21.2-2. Applicability of Definitions in Ic 36

Sec. 2. Except as otherwise provided, the definitions in IC 36 apply throughout this chapter.As added by P.L.192-2002(ss), SEC.44.
IN Code § 6-1.1-21.2-3 (2021)
2021 Indiana Code|Title 6. Taxation|Article 1.1. Property Taxes|Chapter 21.2. Tax Increment Replacement|6-1.1-21.2-3. "Allocation Area"

Sec. 3. As used in this chapter, "allocation area" refers to an area that is established under the authority of any of the following statutes and in which tax increment revenues are collected:(1) IC 6-1.1-39.(2) IC 8-22-3.5.(3) IC 36-7-14.(4) IC 36-7-14.5.(5) IC 36-7-15.1.(6) IC 36-7-30.(7) IC 36-7-30.5.As added by P.L.192-2002(ss), SEC.44. Amended by P.L.146-2008, SEC.231.
IN Code § 6-1.1-21.2-4 (2021)
2021 Indiana Code|Title 6. Taxation|Article 1.1. Property Taxes|Chapter 21.2. Tax Increment Replacement|6-1.1-21.2-4. "Base Assessed Value"

Sec. 4. As used in this chapter, "base assessed value" means the base assessed value as that term is defined or used in:(1) IC 6-1.1-39-5(h);(2) IC 8-22-3.5-9(a);(3) IC 8-22-3.5-9.5;(4) IC 36-7-14-39(a);(5) IC 36-7-14-39.2;(6) IC 36-7-14-39.3(c);(7) IC 36-7-14-48;(8) IC 36-7-14.5-12.5;(9) IC 36-7-15.1-26(a);(10) IC 36-7-15.1-26.2(c);(11) IC 36-7-15.1-35(a);(12) IC 36-7-15.1-35.5;(13) IC 36-7-15.1-53;(14) IC 36-7-15.1-55(c);(15) IC 36-7-30-25(a)(2);(16) IC 36-7-30-26(c);(17) IC 36-7-30.5-30; or(18) IC 36-7-30.5-31.As added by P.L.192-2002(ss), SEC.44. Amended by P.L.1-2003, SEC.27; P.L.146-2008, SEC.232.
IN Code § 6-1.1-21.2-5 (2021)
2021 Indiana Code|Title 6. Taxation|Article 1.1. Property Taxes|Chapter 21.2. Tax Increment Replacement|6-1.1-21.2-5. "District"

Sec. 5. As used in this chapter, "district" refers to the following:(1) An economic development district under IC 6-1.1-39.(2) An eligible entity (as defined in IC 8-22-3.5-2.5).(3) A redevelopment district, for an allocation area established under:(A) IC 36-7-14; or(B) IC 36-7-15.1.(4) A special taxing district, as described in:(A) IC 36-7-14.5-12.5(d); or(B) IC 36-7-30-3(b).(5) A military base development area under IC 36-7-30.5-16.As added by P.L.192-2002(ss), SEC.44. Amended by P.L.146-2008, SEC.233.
IN Code § 6-1.1-21.2-6 (2021)
2021 Indiana Code|Title 6. Taxation|Article 1.1. Property Taxes|Chapter 21.2. Tax Increment Replacement|6-1.1-21.2-6. "Governing Body"

Sec. 6. As used in this chapter, "governing body" means the following:(1) For an allocation area created under IC 6-1.1-39, the fiscal body of the county (as defined in IC 36-1-2-6).(2) For an allocation area created under IC 8-22-3.5, the commission (as defined in IC 8-22-3.5-2).(3) For an allocation area created under IC 36-7-14, the redevelopment commission.(4) For an allocation area created under IC 36-7-14.5, the redevelopment authority.(5) For an allocation area created under IC 36-7-15.1, the metropolitan development commission.(6) For an allocation area created under IC 36-7-30, the military base reuse authority.(7) For an allocation area created under IC 36-7-30.5, the military base development authority.As added by P.L.192-2002(ss), SEC.44. Amended by P.L.146-2008, SEC.234.
IN Code § 6-1.1-21.2-6.6 (2021)
2021 Indiana Code|Title 6. Taxation|Article 1.1. Property Taxes|Chapter 21.2. Tax Increment Replacement|6-1.1-21.2-6.6. "Obligation"

Sec. 6.6. As used in this chapter, "obligation" means an obligation to repay:(1) the principal and interest on bonds;(2) lease rentals on leases; or(3) any other contractual obligation;payable from tax increment revenues. The term includes a guarantee of repayment from tax increment revenues if other revenues are insufficient to make a payment.As added by P.L.146-2008, SEC.235.
IN Code § 6-1.1-21.2-7 (2021)
2021 Indiana Code|Title 6. Taxation|Article 1.1. Property Taxes|Chapter 21.2. Tax Increment Replacement|6-1.1-21.2-7. "Property Taxes"

Sec. 7. As used in this chapter, "property taxes" means:(1) property taxes, as defined in:(A) IC 6-1.1-39-5(g);(B) IC 36-7-14-39(a);(C) IC 36-7-14-39.2;(D) IC 36-7-14-39.3(c);(E) IC 36-7-14.5-12.5;(F) IC 36-7-15.1-26(a);(G) IC 36-7-15.1-26.2(c);(H) IC 36-7-15.1-53(a);(I) IC 36-7-15.1-55(c);(J) IC 36-7-30-25(a)(3);(K) IC 36-7-30-26(c);(L) IC 36-7-30.5-30; or(M) IC 36-7-30.5-31; or(2) for allocation areas created under IC 8-22-3.5, the taxes assessed on taxable tangible property in the allocation area.As added by P.L.192-2002(ss), SEC.44. Amended by P.L.146-2008, SEC.236.
IN Code § 6-1.1-21.2-8 (2021)
2021 Indiana Code|Title 6. Taxation|Article 1.1. Property Taxes|Chapter 21.2. Tax Increment Replacement|6-1.1-21.2-8. "Special Fund"

Sec. 8. As used in this chapter, "special fund" means:(1) the special funds referred to in IC 6-1.1-39-5;(2) the special funds referred to in IC 8-22-3.5-9(e);(3) the allocation fund referred to in IC 36-7-14-39(b)(3);(4) the allocation fund referred to in IC 36-7-14.5-12.5(d);(5) the special fund referred to in IC 36-7-15.1-26(b)(3);(6) the special fund referred to in IC 36-7-15.1-53(b)(3);(7) the allocation fund referred to in IC 36-7-30-25(b)(3); or(8) the allocation fund referred to in IC 36-7-30.5-30(b)(3).As added by P.L.192-2002(ss), SEC.44. Amended by P.L.146-2008, SEC.237; P.L.203-2011, SEC.2.
IN Code § 6-1.1-21.2-9 (2021)
2021 Indiana Code|Title 6. Taxation|Article 1.1. Property Taxes|Chapter 21.2. Tax Increment Replacement|6-1.1-21.2-9. "Tax Increment Replacement Amount"

Sec. 9. As used in this chapter, "tax increment replacement amount" means the tax increment replacement amount determined under section 11 of this chapter.As added by P.L.192-2002(ss), SEC.44.
IN Code § 6-1.1-21.2-10 (2021)
2021 Indiana Code|Title 6. Taxation|Article 1.1. Property Taxes|Chapter 21.2. Tax Increment Replacement|6-1.1-21.2-10. "Tax Increment Revenues"

Sec. 10. As used in this chapter, "tax increment revenues" means the property taxes attributable to the assessed value of property in excess of the base assessed value.As added by P.L.192-2002(ss), SEC.44.
IN Code § 6-1.1-21.2-11 (2021)
2021 Indiana Code|Title 6. Taxation|Article 1.1. Property Taxes|Chapter 21.2. Tax Increment Replacement|6-1.1-21.2-11. Tax Increment Replacement Amount; Calculation

Sec. 11. (a) The governing body shall estimate the tax increment replacement amount for each allocation area under the jurisdiction of the governing body for the next calendar year on the schedule prescribed by the department of local government finance.(b) The tax increment replacement amount is the greater of zero (0) or the net amount by which:(1) laws enacted by the general assembly; and(2) actions taken by the department of local government finance;after the establishment of the allocation area have decreased the tax increment revenues of the allocation area for the next calendar year (after adjusting for any increases resulting from laws or actions of the department of local government finance) below the sum of the amount needed to make all payments that are due in the next calendar year on obligations payable from tax increment revenues and to maintain any tax increment revenue to obligation payment ratio required by an agreement on which any of the obligations are based.As added by P.L.192-2002(ss), SEC.44. Amended by P.L.256-2003, SEC.25; P.L.146-2008, SEC.238.
IN Code § 6-1.1-21.2-15 (2021)
2021 Indiana Code|Title 6. Taxation|Article 1.1. Property Taxes|Chapter 21.2. Tax Increment Replacement|6-1.1-21.2-15. Special Assessment and Tax Collections Deposited in Special Fund; Inapplicability of Certain Provisions to Special Assessments and Taxes; Exception From Levy Limits

Sec. 15. (a) As the special assessment or tax imposed under this chapter is collected by the county treasurer, it shall be transferred to the governing body and accumulated and kept in the special fund for the allocation area.(b) A special assessment or tax levied under this chapter is not subject to IC 6-1.1-20.(c) A special assessment or tax levied under this chapter and the use of revenues from a special assessment or tax levied under this chapter by a governing body do not create a constitutional or statutory debt, pledge, or obligation of the governing body, the district, or any county, city, town, or township.(d) The ad valorem property tax levy limits imposed by IC 6-1.1-18.5-3 or another provision of IC 6-1.1-18.5 do not apply to a special assessment or tax imposed under this chapter. For purposes of computing the ad valorem property tax levy limit imposed on a civil taxing unit under IC 6-1.1-18.5-3 or another provision of IC 6-1.1-18.5, the civil taxing unit's ad valorem property tax levy for a particular calendar year does not include a special assessment or tax imposed under this chapter.As added by P.L.192-2002(ss), SEC.44. Amended by P.L.224-2007, SEC.40; P.L.146-2008, SEC.240; P.L.182-2009(ss), SEC.155.
IN Code § 6-1.1-21.2-16 (2021)
2021 Indiana Code|Title 6. Taxation|Article 1.1. Property Taxes|Chapter 21.2. Tax Increment Replacement|6-1.1-21.2-16. Adjustment for Tax Benefit

Sec. 16. (a) This section applies if the tax increment replacement amount for an allocation area in a district is less than zero (0).(b) The governing body of a district shall increase the base assessed value of property in the allocation area to an amount sufficient so that the tax increment replacement amount is equal to zero (0).As added by P.L.146-2008, SEC.241.
IN Code § 6-1.1-21.3-1 (2021)
2021 Indiana Code|Title 6. Taxation|Article 1.1. Property Taxes|Chapter 21.3. Rainy Day Fund Loans for Taxing Units Affected by Transmission Manufacturer Bankruptcy|6-1.1-21.3-1. "Board", "Qualified Taxing Unit", and "Qualifying Taxpayer"

Sec. 1. (a) As used in this chapter, "board" refers to the state board of finance.(b) As used in this chapter, "qualified taxing unit" means a taxing unit:(1) in which a qualifying taxpayer has tangible property subject to taxation; and(2) that has experienced or is expected to experience a significant revenue shortfall as a result of a default or an expected default described in subsection (c)(3).(c) As used in this chapter, "qualifying taxpayer" means a taxpayer that:(1) casts and manufactures motor vehicle transmissions as part of its business;(2) has filed a petition to reorganize under the federal bankruptcy code; and(3) has defaulted, or has notified the county fiscal body of the county in which the taxpayer is subject to property taxes that the taxpayer will default, on all or part of one (1) or more of its property tax payments with respect to taxes first due and payable in 2009 or 2010, or both.As added by P.L.182-2009(ss), SEC.156.
IN Code § 6-1.1-21.3-2 (2021)
2021 Indiana Code|Title 6. Taxation|Article 1.1. Property Taxes|Chapter 21.3. Rainy Day Fund Loans for Taxing Units Affected by Transmission Manufacturer Bankruptcy|6-1.1-21.3-2. Qualifying Taxing Unit May Apply to Board for Loan

Sec. 2. A qualified taxing unit may apply to the board for one (1) or more loans from the counter-cyclical revenue and economic stabilization fund.As added by P.L.182-2009(ss), SEC.156.
IN Code § 6-1.1-21.3-3 (2021)
2021 Indiana Code|Title 6. Taxation|Article 1.1. Property Taxes|Chapter 21.3. Rainy Day Fund Loans for Taxing Units Affected by Transmission Manufacturer Bankruptcy|6-1.1-21.3-3. Determination of Terms of Loan by Board; Loan Conditions; Disbursement of Installments by Board; Loan Repayment; Obligation to Repay Not Basis for Excessive Tax Levy; Deposit by Board of Loan Payments Received

Sec. 3. (a) The board, after review by the budget committee, shall determine the terms of a loan made under this chapter, subject to the following:(1) The loan must be repaid not later than ten (10) years after the date on which the loan is made.(2) The terms of the loan must allow for prepayment of the loan without penalty.(3) The maximum amount of the loan that a qualified taxing unit may receive with respect to a default described in section 1(c)(3) of this chapter on one (1) or more payments of property taxes first due and payable in a calendar year is the amount, as determined by the board, of revenue shortfall for the qualified taxing unit that results from the default for that calendar year.(b) The board may disburse in installments the proceeds of a loan made under this chapter.(c) A qualified taxing unit may repay a loan made under this chapter from any of the following:(1) Property tax revenues of the qualified taxing unit that are subject to the levy limitations imposed by IC 6-1.1-18.5.(2) Property tax revenues of the qualified taxing unit that are not subject to levy limitations as provided in IC 6-1.1-18.5-21.(3) The qualified taxing unit's debt service fund.(4) Any other source of revenues (other than property taxes) that is legally available to the qualified taxing unit.The payment of any installment on a loan made under this chapter constitutes a first charge against the property tax revenues described in subdivision (1) or (2) that are collected by the qualified taxing unit during the calendar year the installment is due and payable.(d) The obligation to repay a loan made under this chapter is not a basis for the qualified taxing unit to obtain an excessive tax levy under IC 6-1.1-18.5 or IC 20-44-3.(e) Whenever the board receives a payment on a loan made under this chapter, the board shall deposit the amount paid in the counter-cyclical revenue and economic stabilization fund.As added by P.L.182-2009(ss), SEC.156.