Indiana 2024 Regular Session

Indiana Senate Bill SB0263 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1
2	2	Introduced Version
3	3	SENATE BILL No. 263
4	4	_____
5	5	DIGEST OF INTRODUCED BILL
6	6	Citations Affected: IC 6-3.6.
7	7	Synopsis: Local income tax distributions. Provides for local income
8	8	tax certified shares in Hamilton County and Johnson County to be
9	9	allocated to civil taxing units according to the location and tax liability
10	10	of each taxpayer.
11	11	Effective: June 1, 2024; July 1, 2024; January 1, 2025.
12	12	Baldwin
13	13	January 16, 2024, read first time and referred to Committee on Tax and Fiscal Policy.
14	14	2024 IN 263—LS 7047/DI 120 Introduced
15	15	Second Regular Session of the 123rd General Assembly (2024)
16	16	PRINTING CODE. Amendments: Whenever an existing statute (or a section of the Indiana
17	17	Constitution) is being amended, the text of the existing provision will appear in this style type,
18	18	additions will appear in this style type, and deletions will appear in this style type.
19	19	Additions: Whenever a new statutory provision is being enacted (or a new constitutional
20	20	provision adopted), the text of the new provision will appear in this style type. Also, the
21	21	word NEW will appear in that style type in the introductory clause of each SECTION that adds
22	22	a new provision to the Indiana Code or the Indiana Constitution.
23	23	Conflict reconciliation: Text in a statute in this style type or this style type reconciles conflicts
24	24	between statutes enacted by the 2023 Regular Session of the General Assembly.
25	25	SENATE BILL No. 263
26	26	A BILL FOR AN ACT to amend the Indiana Code concerning
27	27	taxation.
28	28	Be it enacted by the General Assembly of the State of Indiana:
29	29	1 SECTION 1. IC 6-3.6-2-13, AS AMENDED BY P.L.239-2017,
30	30	2 SECTION 15, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
31	31	3 JANUARY 1, 2025]: Sec. 13. "Local taxpayer", as it relates to a
32	32	4 particular county, means any of the following:
33	33	5 (1) An individual who resides in that county, and taxing district
34	34	6 in the case of Hamilton County and Johnson County, on the
35	35	7 date specified in IC 6-3.6-8-3.
36	36	8 (2) An individual who maintains the taxpayer's principal place of
37	37	9 business or employment in that county on the date specified in
38	38	10 IC 6-3.6-8-3 and who does not reside on that same date in another
39	39	11 county in Indiana in which a tax under this article is in effect.
40	40	12 (3) An individual who:
41	41	13 (A) has income apportioned to Indiana as:
42	42	14 (i) a team member under IC 6-3-2-2.7; or
43	43	15 (ii) a race team member under IC 6-3-2-3.2;
44	44	16 for services rendered in the county; and
45	45	17 (B) is not described in subdivision (1) or (2).
46	46	2024 IN 263—LS 7047/DI 120 2
47	47	1 SECTION 2. IC 6-3.6-2-15, AS ADDED BY P.L.243-2015,
48	48	2 SECTION 10, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
49	49	3 JANUARY 1, 2025]: Sec. 15. "Resident local taxpayer", as it relates to
50	50	4 a particular county, and taxing district in the case of Hamilton
51	51	5 County and Johnson County, means any local taxpayer who resides
52	52	6 in that county or taxing district on the date specified in IC 6-3.6-8-3.
53	53	7 SECTION 3. IC 6-3.6-2-17.4 IS ADDED TO THE INDIANA
54	54	8 CODE AS A NEW SECTION TO READ AS FOLLOWS
55	55	9 [EFFECTIVE JANUARY 1, 2025]: Sec. 17.4. "Taxing district"
56	56	10 means a geographic area within which property is taxed by the
57	57	11 same taxing units and at the same total rate.
58	58	12 SECTION 4. IC 6-3.6-2-17.6 IS ADDED TO THE INDIANA
59	59	13 CODE AS A NEW SECTION TO READ AS FOLLOWS
60	60	14 [EFFECTIVE JANUARY 1, 2025]: Sec. 17.6. "Taxing unit" means
61	61	15 an entity that has the power to impose ad valorem property taxes.
62	62	16 SECTION 5. IC 6-3.6-6-14, AS ADDED BY P.L.243-2015,
63	63	17 SECTION 10, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
64	64	18 JANUARY 1, 2025]: Sec. 14. (a) This section applies to an allocation
65	65	19 of certified shares in a county other than Marion County and, for
66	66	20 allocations after 2024, Hamilton County and Johnson County.
67	67	21 (b) Subject to this chapter, certified shares must be allocated among
68	68	22 civil taxing units based on the attributed allocation amount.
69	69	23 (c) The amount of certified shares to be allocated to each civil
70	70	24 taxing unit is equal to:
71	71	25 (1) the total amount of the certified distribution that is allocated
72	72	26 to certified shares for the county for the month; multiplied by
73	73	27 (2) the quotient of:
74	74	28 (A) the attributed allocation amount for the civil taxing unit in
75	75	29 the county during the calendar year; divided by
76	76	30 (B) the sum of the attributed allocation amounts for all civil
77	77	31 taxing units in the county during the calendar year.
78	78	32 SECTION 6. IC 6-3.6-6-16, AS ADDED BY P.L.243-2015,
79	79	33 SECTION 10, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
80	80	34 JANUARY 1, 2025]: Sec. 16. IC 6-3.6-11 applies to the allocation of
81	81	35 certified shares in Hamilton County, Johnson County, and Marion
82	82	36 County.
83	83	37 SECTION 7. IC 6-3.6-8-3, AS ADDED BY P.L.243-2015,
84	84	38 SECTION 10, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
85	85	39 JANUARY 1, 2025]: Sec. 3. (a) For purposes of this article, an
86	86	40 individual shall be treated as a resident of the county, and in the case
87	87	41 of Hamilton County and Johnson County, the taxing district in
88	88	42 which the individual:
89	89	2024 IN 263—LS 7047/DI 120 3
90	90	1 (1) maintains a home, if the individual maintains only one (1)
91	91	2 home in Indiana;
92	92	3 (2) if subdivision (1) does not apply, is registered to vote;
93	93	4 (3) if subdivision (1) or (2) does not apply, registers the
94	94	5 individual's personal automobile; or
95	95	6 (4) spent the majority of the individual's time in Indiana during
96	96	7 the taxable year in question, if subdivision (1), (2), or (3) does not
97	97	8 apply.
98	98	9 (b) The residence or principal place of business or employment of
99	99	10 an individual is to be determined on January 1 of the calendar year in
100	100	11 which the individual's taxable year commences. If an individual
101	101	12 changes the location of the individual's residence or principal place of
102	102	13 employment or business to another county in Indiana during a calendar
103	103	14 year, the individual's liability for tax is not affected.
104	104	15 (c) Notwithstanding subsection (b), if an individual becomes a local
105	105	16 taxpayer for purposes of IC 36-7-27 during a calendar year because the
106	106	17 individual:
107	107	18 (1) changes the location of the individual's residence to a county
108	108	19 in which the individual begins employment or business at a
109	109	20 qualified economic development tax project (as defined in
110	110	21 IC 36-7-27-9); or
111	111	22 (2) changes the location of the individual's principal place of
112	112	23 employment or business to a qualified economic development tax
113	113	24 project and does not reside in another county in which a tax is in
114	114	25 effect;
115	115	26 the individual's adjusted gross income attributable to employment or
116	116	27 business at the qualified economic development tax project is taxable
117	117	28 only by the county containing the qualified economic development tax
118	118	29 project.
119	119	30 SECTION 8. IC 6-3.6-8-5, AS AMENDED BY P.L.197-2016,
120	120	31 SECTION 64, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
121	121	32 JULY 1, 2024]: Sec. 5. (a) Except as otherwise provided in subsection
122	122	33 (b) and the other provisions of this article, all provisions of the adjusted
123	123	34 gross income tax law (IC 6-3) concerning:
124	124	35 (1) definitions;
125	125	36 (2) declarations of estimated tax;
126	126	37 (3) filing of returns;
127	127	38 (4) deductions or exemptions from adjusted gross income;
128	128	39 (5) remittances;
129	129	40 (6) incorporation of the provisions of the Internal Revenue Code;
130	130	41 (7) penalties and interest; and
131	131	42 (8) exclusion of military pay credits for withholding;
132	132	2024 IN 263—LS 7047/DI 120 4
133	133	1 apply to the imposition, collection, and administration of the tax
134	134	2 imposed by this article.
135	135	3 (b) IC 6-3-3-3, IC 6-3-3-5, and IC 6-3-5-1 do not apply to the tax
136	136	4 imposed by this article.
137	137	5 (c) Notwithstanding subsections (a) and (b), each employer shall
138	138	6 report to the department of state revenue the amount of withholdings
139	139	7 attributable to each county. This report shall be submitted to the
140	140	8 department of state revenue:
141	141	9 (1) each time the employer remits to the department the tax that
142	142	10 is withheld; and
143	143	11 (2) annually along with the employer's annual withholding report.
144	144	12 (d) Notwithstanding subsections (a) and (b), each taxpayer shall
145	145	13 report to the department of state revenue, on the taxpayer's annual
146	146	14 return and any amended return, the county and full address of the
147	147	15 taxpayer's residence as of the date specified in section 3 of this
148	148	16 chapter, including, where applicable, the taxpayer's street and
149	149	17 number or rural route and rural route box number, apartment or
150	150	18 suite number or equivalent, and city, town, or township. This
151	151	19 subsection applies also to a spouse when filing a joint return. A
152	152	20 nonresident of Indiana as of the date specified in section 3 of this
153	153	21 chapter must provide equivalent information under this subsection
154	154	22 as to the location at which Indiana income was derived as of that
155	155	23 date. Each return or amended return may also provide a current
156	156	24 mailing address, and such current mailing address is required if
157	157	25 the taxpayer does not receive United States mail at the address the
158	158	26 taxpayer reports as the address of the taxpayer's residence on the
159	159	27 date described in section 3 of this chapter.
160	160	28 SECTION 9. IC 6-3.6-9-5, AS AMENDED BY P.L.32-2021,
161	161	29 SECTION 13, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
162	162	30 JULY 1, 2024]: Sec. 5. (a) Before August 2 of each calendar year, the
163	163	31 budget agency shall provide to the department of local government
164	164	32 finance and the county auditor of each adopting county an estimate of
165	165	33 the amount determined under section 4 of this chapter that will be
166	166	34 distributed to the county, based on known tax rates. For Hamilton
167	167	35 County and Johnson County certified shares to be distributed after
168	168	36 2024, the estimation shall include an itemization of the amount
169	169	37 attributed to each taxing district under IC 6-3.6-11-10(c). Subject
170	170	38 to subsection (c), not later than fifteen (15) days after receiving the
171	171	39 estimate of the certified distribution, the department of local
172	172	40 government finance shall determine for each taxing unit and notify the
173	173	41 county auditor of the estimated amount of property tax credits, school
174	174	42 distributions, public safety revenue, economic development revenue,
175	175	2024 IN 263—LS 7047/DI 120 5
176	176	1 certified shares, and special purpose revenue that will be distributed to
177	177	2 the taxing unit under this chapter during the ensuing calendar year. Not
178	178	3 later than thirty (30) days after receiving the department's estimate, the
179	179	4 county auditor shall notify each taxing unit of the amounts estimated
180	180	5 for the taxing unit.
181	181	6 (b) Before October 1 of each calendar year, the budget agency shall
182	182	7 certify to the department of local government finance and the county
183	183	8 auditor of each adopting county:
184	184	9 (1) the amount determined under section 4 of this chapter; and
185	185	10 (2) the amount of interest in the county's account that has accrued
186	186	11 and has not been included in a certification made in a preceding
187	187	12 year.
188	188	13 The amount certified is the county's certified distribution for the
189	189	14 immediately succeeding calendar year. The amount certified shall be
190	190	15 adjusted, as necessary, under sections 6, 7, and 8 of this chapter.
191	191	16 Subject to subsection (d), not later than fifteen (15) days after receiving
192	192	17 the amount of the certified distribution, the department of local
193	193	18 government finance shall determine for each taxing unit and notify the
194	194	19 county auditor of the certified amount of property tax credits, school
195	195	20 distributions, public safety revenue, economic development revenue,
196	196	21 certified shares, and special purpose revenue that will be distributed to
197	197	22 the taxing unit under this chapter during the ensuing calendar year. Not
198	198	23 later than thirty (30) days after receiving the department's estimate, the
199	199	24 county auditor shall notify each taxing unit of the certified amounts for
200	200	25 the taxing unit.
201	201	26 (c) This subsection applies to Lake County. When the department
202	202	27 of local government finance notifies the county auditor of the estimated
203	203	28 amount of property tax credits, school distributions, public safety
204	204	29 revenue, economic development revenue, certified shares, and special
205	205	30 purpose revenue that will be distributed to the taxing unit under this
206	206	31 chapter during the ensuing calendar year, the department of local
207	207	32 government finance shall also determine the amount of additional
208	208	33 revenue allocated for economic development purposes that will be
209	209	34 distributed to each civil taxing unit, reduced by an amount that is equal
210	210	35 to the following percentages of the tax revenue that would otherwise be
211	211	36 allocated for economic development purposes and distributed to the
212	212	37 civil taxing unit:
213	213	38 (1) For Lake County, an amount equal to twenty-five percent
214	214	39 (25%).
215	215	40 (2) For Crown Point, an amount equal to ten percent (10%).
216	216	41 (3) For Dyer, an amount equal to fifteen percent (15%).
217	217	42 (4) For Gary, an amount equal to seven and five-tenths percent
218	218	2024 IN 263—LS 7047/DI 120 6
219	219	1 (7.5%).
220	220	2 (5) For Hammond, an amount equal to fifteen percent (15%).
221	221	3 (6) For Highland, an amount equal to twelve percent (12%).
222	222	4 (7) For Hobart, an amount equal to eighteen percent (18%).
223	223	5 (8) For Lake Station, an amount equal to twenty percent (20%).
224	224	6 (9) For Lowell, an amount equal to fifteen percent (15%).
225	225	7 (10) For Merrillville, an amount equal to twenty-two percent
226	226	8 (22%).
227	227	9 (11) For Munster, an amount equal to thirty-four percent (34%).
228	228	10 (12) For New Chicago, an amount equal to one percent (1%).
229	229	11 (13) For Schererville, an amount equal to ten percent (10%).
230	230	12 (14) For Schneider, an amount equal to twenty percent (20%).
231	231	13 (15) For Whiting, an amount equal to twenty-five percent (25%).
232	232	14 (16) For Winfield, an amount equal to fifteen percent (15%).
233	233	15 The department of local government finance shall notify the county
234	234	16 auditor of the amounts of the reductions and the remaining amounts to
235	235	17 be distributed.
236	236	18 (d) This subsection applies to Lake County. When the department
237	237	19 of local government finance notifies the county auditor of the certified
238	238	20 amount of property tax credits, school distributions, public safety
239	239	21 revenue, economic development revenue, certified shares, and special
240	240	22 purpose revenue that will be distributed to the taxing unit under this
241	241	23 chapter during the ensuing calendar year, the department of local
242	242	24 government finance shall also determine the amount of additional
243	243	25 revenue allocated for economic development purposes that will be
244	244	26 distributed to each civil taxing unit, reduced by an amount that is equal
245	245	27 to the following percentages of the tax revenue that would otherwise be
246	246	28 allocated for economic development purposes and distributed to the
247	247	29 civil taxing unit:
248	248	30 (1) For Lake County, an amount equal to twenty-five percent
249	249	31 (25%).
250	250	32 (2) For Crown Point, an amount equal to ten percent (10%).
251	251	33 (3) For Dyer, an amount equal to fifteen percent (15%).
252	252	34 (4) For Gary, an amount equal to seven and five-tenths percent
253	253	35 (7.5%).
254	254	36 (5) For Hammond, an amount equal to fifteen percent (15%).
255	255	37 (6) For Highland, an amount equal to twelve percent (12%).
256	256	38 (7) For Hobart, an amount equal to eighteen percent (18%).
257	257	39 (8) For Lake Station, an amount equal to twenty percent (20%).
258	258	40 (9) For Lowell, an amount equal to fifteen percent (15%).
259	259	41 (10) For Merrillville, an amount equal to twenty-two percent
260	260	42 (22%).
261	261	2024 IN 263—LS 7047/DI 120 7
262	262	1 (11) For Munster, an amount equal to thirty-four percent (34%).
263	263	2 (12) For New Chicago, an amount equal to one percent (1%).
264	264	3 (13) For Schererville, an amount equal to ten percent (10%).
265	265	4 (14) For Schneider, an amount equal to twenty percent (20%).
266	266	5 (15) For Whiting, an amount equal to twenty-five percent (25%).
267	267	6 (16) For Winfield, an amount equal to fifteen percent (15%).
268	268	7 The department of local government finance shall notify the county
269	269	8 auditor of the remaining amounts to be distributed and the amounts of
270	270	9 the reductions that will be withheld under IC 6-3.6-11-5.5.
271	271	10 SECTION 10. IC 6-3.6-11-9, AS AMENDED BY P.L.236-2023,
272	272	11 SECTION 82, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
273	273	12 JULY 1, 2024]: Sec. 9. (a) This section applies to the calculation and
274	274	13 allocation of certified shares among civil taxing units in Hamilton
275	275	14 County after 2020 and before 2026. 2025.
276	276	15 (b) For each calendar year to which this section applies, the amount
277	277	16 of a civil taxing unit's certified shares is equal to:
278	278	17 (1) the amount of the civil taxing unit's certified shares
279	279	18 determined under IC 6-3.6-6, for a civil taxing unit other than the
280	280	19 city of Carmel or the city of Fishers;
281	281	20 (2) the adjusted amount determined under subsection (c), for the
282	282	21 city of Carmel; or
283	283	22 (3) the adjusted amount determined under subsection (d), for the
284	284	23 city of Fishers.
285	285	24 (c) For each calendar year to which this section applies, the adjusted
286	286	25 amount of the city of Carmel's certified shares is equal to the lesser of:
287	287	26 (1) the amount of the city of Carmel's certified shares determined
288	288	27 under IC 6-3.6-6, without regard to this section; or
289	289	28 (2) the product of:
290	290	29 (A) the amount of the city of Carmel's certified shares
291	291	30 determined for the immediately preceding calendar year under
292	292	31 IC 6-3.6-6, for 2021, or this section, after 2021; and
293	293	32 (B) one and three hundredths (1.03).
294	294	33 (d) For each calendar year to which this section applies, the adjusted
295	295	34 amount of the city of Fishers' certified shares is equal to:
296	296	35 (1) the sum of:
297	297	36 (A) the amount of the city of Carmel's certified shares
298	298	37 determined under IC 6-3.6-6, without regard to this section;
299	299	38 and
300	300	39 (B) the amount of the city of Fishers' certified shares
301	301	40 determined under IC 6-3.6-6, without regard to this section;
302	302	41 minus
303	303	42 (2) the adjusted amount of the city of Carmel's certified shares
304	304	2024 IN 263—LS 7047/DI 120 8
305	305	1 determined under subsection (c).
306	306	2 SECTION 11. IC 6-3.6-11-10 IS ADDED TO THE INDIANA
307	307	3 CODE AS A NEW SECTION TO READ AS FOLLOWS
308	308	4 [EFFECTIVE JUNE 1, 2024]: Sec. 10. (a) This section applies
309	309	5 beginning after 2024 to:
310	310	6 (1) Hamilton County's allocation of tax revenue under
311	311	7 IC 6-3.6-6; and
312	312	8 (2) Johnson County's allocation of tax revenue under
313	313	9 IC 6-3.6-6;
314	314	10 that is dedicated to certified shares. This section applies only with
315	315	11 regard to resident local taxpayers as defined in IC 6-3.6-2-15.
316	316	12 (b) On or before July 1 of each year, the Hamilton County
317	317	13 auditor and the Johnson County auditor shall each certify to the
318	318	14 department of state revenue a data file of all valid location
319	319	15 addresses in their county, identifying, for each location, the street
320	320	16 and number or rural route and rural route box number, apartment
321	321	17 or suite number or equivalent, and city, town, or township, along
322	322	18 with the taxing district within which each address is located. The
323	323	19 file shall be transmitted by a medium and in a format prescribed
324	324	20 by the department of state revenue.
325	325	21 (c) Using the certified share allocation amount under IC 6-3.6-6
326	326	22 without regard to this section, the budget agency, the department
327	327	23 of local government finance, and the department of state revenue
328	328	24 shall jointly determine the proportionate amount of the allocated
329	329	25 certified share revenue that is attributed to each taxing district
330	330	26 within the county based on the location of each local taxpayer's
331	331	27 residence within the county and the local taxpayer's tax liability.
332	332	28 (d) Subject to subsections (e) and (f), certified share revenue
333	333	29 must be attributed first to the taxing district under subsection (c)
334	334	30 and then to each civil taxing unit within the taxing district in an
335	335	31 allocation amount determined using the following formula, based
336	336	32 on the property taxes imposed in the taxing district for the
337	337	33 calendar year preceding the distribution year:
338	338	34 STEP ONE: Determine the tax rate of each civil taxing unit
339	339	35 within the taxing district, including, for a county, the tax rate
340	340	36 attributable to the welfare allocation amount described in
341	341	37 IC 6-3.6-2-18.
342	342	38 STEP TWO: Determine the tax rate of each civil taxing unit
343	343	39 within the taxing district that is attributable to appropriations
344	344	40 from property taxes to pay the principal of or interest on
345	345	41 every debt obligation and capital lease obligation issued after
346	346	42 June 30, 2005, provided that a debt or capital lease issued
347	347	2024 IN 263—LS 7047/DI 120 9
348	348	1 after June 30, 2005, that was issued in order to refund an
349	349	2 obligation issued before July 1, 2005, is considered to have
350	350	3 been issued before July 1, 2005, to the extent it does not
351	351	4 extend payments on a debt or capital lease beyond the time in
352	352	5 which the debt or capital lease would have been payable if the
353	353	6 debt or capital lease had not been refunded or increase the
354	354	7 total amount that must be paid on a debt or capital lease in
355	355	8 excess of the amount that would have been paid if the debt or
356	356	9 capital lease had not been refunded.
357	357	10 STEP THREE: For each civil taxing unit within the taxing
358	358	11 district, subtract the STEP TWO rate from the STEP ONE
359	359	12 rate.
360	360	13 STEP FOUR: Determine the total of the STEP THREE rates
361	361	14 for all civil taxing units within the taxing district.
362	362	15 STEP FIVE: For each civil taxing unit within the taxing
363	363	16 district, determine the quotient of:
364	364	17 (A) STEP THREE; divided by
365	365	18 (B) STEP FOUR;
366	366	19 expressed as a percentage.
367	367	20 STEP SIX: For each civil taxing unit within the taxing
368	368	21 district, determine the product of:
369	369	22 (A) the total amount of certified share revenue attributed
370	370	23 to the taxing district under subsection (c); multiplied by
371	371	24 (B) the civil taxing unit's STEP FIVE percentage.
372	372	25 (e) This subsection applies only if one (1) or more civil taxing
373	373	26 units in the county will receive an amount of certified share
374	374	27 revenue under STEP SIX of subsection (d) for the ensuing year
375	375	28 that is less than the amount allocated to that civil taxing unit in
376	376	29 2024 and subsection (f) does not apply. If this subsection applies,
377	377	30 the amount under STEP SIX of subsection (d) shall be
378	378	31 redetermined for each civil taxing unit in the county using the
379	379	32 following formula:
380	380	33 STEP ONE: For each civil taxing unit in the county that will
381	381	34 receive an amount of certified share revenue under STEP SIX
382	382	35 of subsection (d) for the ensuing year that is less than the
383	383	36 amount allocated to that civil taxing unit in 2024, determine:
384	384	37 (A) the amount of certified share revenue allocated to the
385	385	38 civil taxing unit in 2024; minus
386	386	39 (B) the civil taxing unit's STEP SIX amount under
387	387	40 subsection (d).
388	388	41 STEP TWO: Determine the total of all STEP ONE amounts.
389	389	42 STEP THREE: For each civil taxing unit described in STEP
390	390	2024 IN 263—LS 7047/DI 120 10
391	391	1 ONE, the civil taxing unit's amount determined under STEP
392	392	2 SIX of subsection (d) shall be increased by its STEP ONE
393	393	3 amount.
394	394	4 STEP FOUR: For each civil taxing unit in the county that will
395	395	5 receive an amount of certified share revenue under STEP SIX
396	396	6 of subsection (d) for the ensuing year that is equal to or more
397	397	7 than the amount allocated to that civil taxing unit in 2024,
398	398	8 determine the product of:
399	399	9 (A) the civil taxing unit's certified share revenue amount
400	400	10 under STEP SIX of subsection (d); minus
401	401	11 (B) the amount of certified share revenue allocated to the
402	402	12 civil taxing unit in 2024.
403	403	13 STEP FIVE: Determine the total of all STEP FOUR amounts.
404	404	14 STEP SIX: For each civil taxing unit described in STEP
405	405	15 FOUR, determine the quotient of:
406	406	16 (A) the civil taxing unit's STEP FOUR amount; divided by
407	407	17 (B) the STEP FIVE amount;
408	408	18 expressed as a percentage.
409	409	19 STEP SEVEN: For each civil taxing unit described in STEP
410	410	20 FOUR, the civil taxing unit's amount determined under STEP
411	411	21 SIX of subsection (d) shall be decreased by an amount equal
412	412	22 to:
413	413	23 (A) the STEP TWO amount; multiplied by
414	414	24 (B) the civil taxing unit's STEP SIX percentage.
415	415	25 (f) Notwithstanding subsections (d) and (e), if the certified
416	416	26 distribution for the county under IC 6-3.6-9-5 for the ensuing year
417	417	27 is less than the certified distribution made for the county under
418	418	28 IC 6-3.6-9-5 in 2024, the amount under STEP SIX of subsection (d)
419	419	29 shall be redetermined for each civil taxing unit in the county using
420	420	30 the following formula:
421	421	31 STEP ONE: Determine the certified distribution for the
422	422	32 county under IC 6-3.6-9-5 for 2024.
423	423	33 STEP TWO: For each civil taxing unit in the county,
424	424	34 determine the result of:
425	425	35 (A) the civil taxing unit's certified share allocation amount
426	426	36 in 2024; divided by
427	427	37 (B) the STEP ONE amount;
428	428	38 expressed as a percentage.
429	429	39 STEP THREE: For each civil taxing unit in the county, the
430	430	40 civil taxing unit's amount determined under this section shall
431	431	41 be equal to:
432	432	42 (A) the certified distribution for the county under
433	433	2024 IN 263—LS 7047/DI 120 11
434	434	1 IC 6-3.6-9-5 for the ensuing year; multiplied by
435	435	2 (B) the civil taxing unit's STEP TWO percentage.
436	436	3 SECTION 12. An emergency has been declared for this act.
437	437	2024 IN 263—LS 7047/DI 120