Indiana 2025 Regular Session

Indiana Senate Bill SB0001 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
	1	+	ES0001.2
	2	+	Reprinted
	3	+	April 10, 2025
	4	+	ENGROSSED
	5	+	SENATE BILL No. 1
	6	+	_____
	7	+	DIGEST OF SB 1 (Updated April 9, 2025 5:23 pm - DI 125)
	8	+	Citations Affected: IC 3-10; IC 5-1; IC 5-16; IC 6-1.1; IC 6-3;
	9	+	IC 6-3.5; IC 6-3.6; IC 6-6; IC 6-8.1; IC 6-9; IC 8-5; IC 8-9.5; IC 8-18;
	10	+	IC 8-22; IC 12-20; IC 14-33; IC 20-23; IC 20-24; IC 20-25.7; IC 20-26;
	11	+	IC 20-40; IC 20-46; IC 36-1; IC 36-7; IC 36-7.5; IC 36-8; noncode.
	12	+	Synopsis: Local government finance. Places restrictions on the
	13	+	issuance of certain general obligation bonds. Amends a capitalization
	14	+	rate percentage under the statewide agricultural land base rate
	15	+	determination. Provides that the percentage cap used to determine the
	16	+	maximum levy growth quotient is 4% in 2026. Provides that,
	17	+	notwithstanding any growth in a political subdivision's assessed value
	18	+	(AV) in the previous year, a political subdivision's ad valorem property
	19	+	tax levy shall not exceed the ad valorem property tax levy for its last
	20	+	preceding annual budget, unless the fiscal body of the political
	21	+	subdivision adopts an affirmative tax rate and tax levy increase by
	22	+	ordinance following a separate public hearing. Requires a resulting
	23	+	decrease in tax rates for each political subdivision in which there was
	24	+	(Continued next page)
	25	+	Effective: Upon passage; January 1, 2025 (retroactive); May 10, 2025
	26	+	(retroactive); July 1, 2025; January 1, 2026; July 1, 2026; January 1,
	27	+	2027; June 30, 2027; July 1, 2027; January 1, 2028.
	28	+	Holdman, Garten, Baldwin, Gaskill,
	29	+	Rogers, Buchanan, Johnson T
	30	+	(HOUSE SPONSORS — THOMPSON, CLERE, SNOW, JORDAN)
	31	+	January 14, 2025, read first time and referred to Committee on Tax and Fiscal Policy.
	32	+	February 11, 2025, amended, reported favorably — Do Pass.
	33	+	February 13, 2025, read second time, ordered engrossed. Engrossed.
	34	+	February 17, 2025, read third time, passed. Yeas 37, nays 10.
	35	+	HOUSE ACTION
	36	+	March 3, 2025, read first time and referred to Committee on Ways and Means.
	37	+	April 7, 2025, amended, reported — Do Pass.
	38	+	April 9, 2025, read second time, amended, ordered engrossed.
	39	+	ES 1—LS 7244/DI 120 Digest Continued
	40	+	an increase in the political subdivision's AV in the previous year,
	41	+	subject to any affirmative tax rate and tax levy increase adopted by the
	42	+	fiscal body of the political subdivision. Phases out the authority for the
	43	+	department of local government finance (department) to permit an
	44	+	excess tax levy that is based on AV growth, school transportation costs,
	45	+	and other circumstances. Retains the provisions that permit an excess
	46	+	tax levy if the civil taxing unit cannot carry out its governmental
	47	+	functions in the case of annexation, a natural disaster, an accident, or
	48	+	an emergency. Phases in an increase in the acquisition cost threshold
	49	+	for the business personal property tax exemption from $80,000 to
	50	+	$2,000,000. Provides that the 30% minimum valuation limitation does
	51	+	not apply to business personal property placed in service after January
	52	+	1, 2025. Phases down the homestead standard deduction over five years
	53	+	to zero beginning for taxes due and payable in 2031. Phases in an
	54	+	increase in the supplemental homestead deduction to 2/3 of the AV of
	55	+	the homestead. Phases in an AV deduction for all property that is
	56	+	subject to the 2% circuit breaker credit for excessive property taxes for
	57	+	assessment dates beginning in 2025 up to a 1/3 AV deduction for taxes
	58	+	due and payable in 2031, and each taxable year thereafter. Expires
	59	+	certain property tax deductions allowed in current law, and instead
	60	+	allows a credit against local property taxes in certain instances. Makes
	61	+	certain changes to the qualification requirements and credit amount for
	62	+	the over 65 circuit breaker credit. Provides a supplemental homestead
	63	+	tax credit for property taxes for a person's homestead if the person
	64	+	qualifies for a standard homestead deduction for the same homestead
	65	+	property. Provides that specified referendums may be placed on the
	66	+	ballot only at a general election. Amends the ballot language for
	67	+	controlled project, school operating, and school public safety
	68	+	referendums. Provides that a school corporation may not adopt a
	69	+	resolution to place a controlled project referendum on the ballot during
	70	+	the second calendar year after the final calendar year in which a
	71	+	previously approved controlled project referendum levy is imposed.
	72	+	Modifies the threshold amounts used for determining whether a
	73	+	political subdivision's project is a controlled project and whether the
	74	+	petition and remonstrance process or the referendum process applies
	75	+	based on the political subdivision's total debt service tax rate. Adds
	76	+	provisions to authorize a county fiscal body to adopt an ordinance to
	77	+	establish a property tax payment deferral program (program). Provides
	78	+	that a qualified individual participating in the program may defer the
	79	+	payment of part of the property taxes that would otherwise be due on
	80	+	a homestead. Provides that property taxes deferred under the program
	81	+	are due after the occurrence of a deferral termination event. Provides
	82	+	that the maximum amount of taxes that may be deferred cumulatively
	83	+	year over year may not exceed $10,000. Increases, beginning in 2028,
	84	+	the maximum local income tax (LIT) expenditure rate for all counties
	85	+	to 2.9%. Authorizes a city or town to impose a municipal LIT rate
	86	+	beginning in 2028 not to exceed 1.2%. Provides that within a county's
	87	+	total expenditure rate, the county may adopt: (1) up to a 1.2% rate for
	88	+	county general purpose revenue; (2) up to a 0.4% rate for fire
	89	+	protection and emergency medical services; (3) up to a 0.2% rate for
	90	+	nonmunicipal civil taxing unit general purpose revenue; and (4) up to
	91	+	1.2% for certain cities and towns that are not eligible to adopt a
	92	+	municipal LIT rate. Eliminates provisions that provide for a
	93	+	distribution of LIT expenditure rate revenue to schools and civil taxing
	94	+	units in counties that imposed a rate under the prior county adjusted
	95	+	gross income tax. Authorizes a county fiscal body to impose a local
	96	+	income tax expenditure rate to provide property tax relief for property
	97	+	tax liability attributable to homesteads in the county before January 1,
	98	+	2028. Expires the authority to impose a property tax relief rate under
	99	+	the LIT and repeals the levy freeze rate. Provides that, in order to
	100	+	continue to impose an expenditure tax rate after 2027, each county
	101	+	must adopt a new ordinance on or before October 1, 2027, to impose
	102	+	(Continued next page)
	103	+	ES 1—LS 7244/DI 120ES 1—LS 7244/DI 120 Digest Continued
	104	+	the rate. Provides that, for counties that fail to adopt an ordinance to
	105	+	renew an existing expenditure tax rate in 2027, the expenditure tax rate
	106	+	for the county in 2028 shall be the minimum tax rate necessary for
	107	+	existing debt service. Specifies that this does not prevent the county
	108	+	from renewing, imposing, or modifying an expenditure tax rate in
	109	+	subsequent years. Eliminates local income tax councils beginning July
	110	+	1, 2027, and instead provides that the county fiscal body is the adopting
	111	+	body in all counties for purposes of the county LIT, and the city or
	112	+	town fiscal body is the adopting body in the case of a municipal LIT.
	113	+	Establishes the state and local income tax holding account within the
	114	+	state general fund for purposes of LIT distributions. Requires the
	115	+	budget agency to maintain an accounting for each county imposing a
	116	+	county LIT based on annual returns filed by or for county taxpayers
	117	+	(same as current law). Requires undistributed amounts so accounted to
	118	+	be held for purposes of the state and local income tax holding account
	119	+	beginning after December 31, 2026. (Under current law, undistributed
	120	+	amounts are required to be held in reserve separate from the state
	121	+	general fund.) Requires the budget agency to present each December
	122	+	to the budget committee a report of the following: (1) An estimate of
	123	+	the monthly certified distribution amounts for the immediately
	124	+	succeeding calendar year. (2) A description of the method used to
	125	+	determine the monthly estimates. Beginning in 2028, requires the
	126	+	budget agency to make monthly transfers to the state and local income
	127	+	tax holding account of the amount determined for the month in the
	128	+	budget agency's report to the budget committee. Repeals a provision
	129	+	that requires the budget agency to adjust the certified distribution of a
	130	+	county for the succeeding year following a tax rate change. Requires
	131	+	the department to develop and maintain a property tax transparency
	132	+	portal through which taxpayers may: (1) compare the property tax
	133	+	liability in their current tax statement compared to their potential
	134	+	property tax liability based on changes under a proposed tax rate; and
	135	+	(2) provide taxpayer feedback to the department. Prohibits the northern
	136	+	Indiana commuter transportation district from issuing new bonds after
	137	+	May 9, 2025, that are payable in whole or in part from amounts
	138	+	distributed from the commuter rail service fund or the electric rail
	139	+	service fund. Requires all school corporations that adopt a resolution
	140	+	for an operating referendum tax levy that is imposed for the first time
	141	+	with property taxes first due and payable beginning after 2027 to share
	142	+	revenue with certain charter schools. Requires, beginning with
	143	+	distributions in 2028, that all school corporations begin sharing
	144	+	revenue from the school corporation's operations fund levy with certain
	145	+	charter schools. Provides for the phasing in of the sharing of revenue
	146	+	with certain charter schools from the school corporation's operations
	147	+	fund levy. Provides for the appointment of additional board members
	148	+	to the governing board of a charter school that receives property tax
	149	+	revenue. Sets forth additional procedures related to the closure of a
	150	+	charter school. Dissolves the Union School Corporation. Provides that
	151	+	for a fire protection territory established after January 1, 2025, each
	152	+	unit in a territory may not impose a tax rate that exceeds $0.40 per
	153	+	$100 of assessed valuation. Makes conforming changes. Makes
	154	+	technical corrections. Makes an appropriation.
	155	+	ES 1—LS 7244/DI 120ES 1—LS 7244/DI 120 Reprinted
	156	+	April 10, 2025
1	157		First Regular Session of the 124th General Assembly (2025)
2	158		PRINTING CODE. Amendments: Whenever an existing statute (or a section of the Indiana
3	159		Constitution) is being amended, the text of the existing provision will appear in this style type,
4	160		additions will appear in this style type, and deletions will appear in this style type.
5	161		Additions: Whenever a new statutory provision is being enacted (or a new constitutional
6	162		provision adopted), the text of the new provision will appear in this style type. Also, the
7	163		word NEW will appear in that style type in the introductory clause of each SECTION that adds
8	164		a new provision to the Indiana Code or the Indiana Constitution.
9	165		Conflict reconciliation: Text in a statute in this style type or this style type reconciles conflicts
10	166		between statutes enacted by the 2024 Regular Session of the General Assembly.
11		-	SENATE ENROLLED ACT No. 1
12		-	AN ACT to amend the Indiana Code concerning taxation and to
13		-	make an appropriation.
	167	+	ENGROSSED
	168	+	SENATE BILL No. 1
	169	+	A BILL FOR AN ACT to amend the Indiana Code concerning
	170	+	taxation and to make an appropriation.
14	171		Be it enacted by the General Assembly of the State of Indiana:
15		-	SECTION 1. IC 3-10-9-3, AS AMENDED BY P.L.225-2011,
16		-	SECTION 49, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
17		-	JULY 1, 2025]: Sec. 3. (a) Except as provided in subsection (b), if a
18		-	local public question must be certified to an election board by law, that
19		-	certification must occur no later than noon:
20		-	(1) seventy-four (74) days before a primary election if the public
21		-	question is to be placed on the primary or municipal primary
22		-	election ballot; or
23		-	(2) August 1 if the public question is to be placed on the general
24		-	or municipal election ballot.
25		-	(b) A referendum or local public question:
26		-	(1) under IC 20-46-1;
27		-	(2) under IC 20-46-9; or
28		-	(3) under IC 6-1.1-20 for controlled projects;
29		-	may be placed on the ballot only at a general election. Certification
30		-	of a local public question under this subsection must occur not
31		-	later than noon August 1.
32		-	SECTION 2. IC 5-1-14-14, AS AMENDED BY P.L.197-2016,
33		-	SECTION 1, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
34		-	JULY 1, 2027]: Sec. 14. (a) Notwithstanding any other law, a
35		-	municipality may sell the municipality's interest in any notes payable
36		-	to the municipality at a negotiated sale.
37		-	SEA 1 — Concur 2
38		-	(b) A county or municipality may establish a revolving fund from
39		-	grants, the revenue received by the county or municipality under
40		-	IC 6-3.6-9 and allocated for economic development purposes, under
41		-	IC 6-3.6-6-9, the proceeds of the sale of notes, or the proceeds of bonds
42		-	issued under this section and IC 36-9-32. The county or municipality
43		-	may loan the money in the revolving fund to any borrower if the county
44		-	or municipal fiscal body finds that the loan will be used by the
45		-	borrower for one (1) or more of the following economic development
46		-	purposes:
47		-	(1) Promoting significant opportunities for the gainful
48		-	employment of the county's or municipality's residents.
49		-	(2) Attracting a major new business enterprise to the county or
50		-	municipality.
51		-	(3) Retaining or expanding a significant business enterprise in the
52		-	county or municipality.
53		-	(c) Activities that may be undertaken by the borrower in carrying
54		-	out an economic development purpose include expenditures for any of
55		-	the following:
56		-	(1) Acquisition of land.
57		-	(2) Acquisition of property interests.
58		-	(3) Site improvements.
59		-	(4) Infrastructure improvements.
60		-	(5) Buildings.
61		-	(6) Structures.
62		-	(7) Rehabilitation, renovation, or enlargement of buildings or
63		-	structures.
64		-	(8) Machinery.
65		-	(9) Equipment.
66		-	(10) Furnishings.
67		-	(d) Local governmental entities may borrow under subsection (b) if
68		-	the local governmental entity's jurisdiction includes the geographic area
69		-	within the boundaries of the county or municipality that established the
70		-	revolving fund. Notwithstanding any other law, the following
71		-	provisions apply to the borrowing:
72		-	(1) The county or municipality that established the revolving fund
73		-	and the local governmental entity borrower may each authorize
74		-	the loan from the revolving fund and the issuance of notes
75		-	evidencing the loan by resolution. In each case, the resolution
76		-	shall be adopted by the body with control over fiscal matters.
77		-	(2) A resolution adopted under subdivision (1) must approve:
78		-	(A) the term of the loan;
79		-	(B) the interest rate;
80		-	SEA 1 — Concur 3
81		-	(C) the form of the note or notes;
82		-	(D) the medium of payment;
83		-	(E) the place and manner of payment;
84		-	(F) the manner of execution of the note or notes;
85		-	(G) the terms of redemption;
86		-	(H) the funds or sources of funds from which the note or notes
87		-	are payable, which may be any funds and sources of funds
88		-	available to the borrower; and
89		-	(I) any other provisions not inconsistent with this section.
90		-	(3) The notes and the authorization, issuance, sale, and delivery
91		-	of the notes are not subject to any general statute concerning
92		-	obligations issued by the local governmental entity borrower. This
93		-	section contains full and complete authority for the making of the
94		-	loan, the authorization, issuance, sale, and delivery of the notes,
95		-	and the repayment of the loan by the borrower, and no law,
96		-	procedure, proceedings, publications, notices, consents,
97		-	approvals, orders, or acts by any officer, department, agency, or
98		-	instrument of the state or of any political subdivision is required
99		-	to make the loan, issue the notes, or repay the loan except as
100		-	prescribed in this section.
101		-	(4) The notes issued by a local governmental entity borrower are
102		-	exempt from taxation for all purposes and are exempt from any
103		-	security registration requirements provided for in Indiana statutes.
104		-	(5) Notes issued by a local governmental entity borrower under
105		-	this section are obligations for all purposes of this chapter.
106		-	(e) A municipality may issue bonds under IC 36-9-32-7(b) through
107		-	IC 36-9-32-7(j) for the economic development purposes listed in
108		-	subsection (c) and may repay the indebtedness solely from revenues
109		-	derived from the repayment of any notes, including notes evidencing
110		-	loans made under subsection (b).
111		-	(f) To the extent a revolving fund under subsection (b) is funded
112		-	from:
113		-	(1) revenues received by the county under IC 6-3.6-9 and
114		-	allocated for economic development purposes; under
115		-	IC 6-3.6-6-9; or
116		-	(2) repayments of principal and interest on loans from the
117		-	revolving fund that were funded with revenues described in
118		-	subdivision (1);
119		-	money in the revolving fund may at any time be transferred in whole
120		-	or in part to the unit's economic development income tax fund, as
121		-	determined by ordinance of the unit's fiscal body.
122		-	(g) The general assembly finds that counties and municipalities in
123		-	SEA 1 — Concur 4
124		-	Indiana have a need to foster economic development and industrial and
125		-	commercial growth. The general assembly finds that it is necessary and
126		-	proper to provide an alternative method for municipalities to foster the
127		-	following:
128		-	(1) Economic development.
129		-	(2) Industrial and commercial growth.
130		-	(3) Employment opportunities.
131		-	(4) Diversification of industry and commerce.
132		-	It is declared that the fostering of economic development under this
133		-	section for the benefit of the general public, including industrial and
134		-	commercial enterprises, is a public purpose.
135		-	SECTION 3. IC 5-1-14-17 IS ADDED TO THE INDIANA CODE
136		-	AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE
137		-	UPON PASSAGE]: Sec. 17. (a) This section applies to a qualified
138		-	political subdivision.
139		-	(b) As used this section, "general obligation bond" means a
140		-	bond issued for a short term period of not more than five (5) years
141		-	and payable from property taxes for a purpose or project that is
142		-	not a controlled project (as defined in IC 6-1.1-20-1.1) for which
143		-	the bond is not required to be issued using the procedures in
144		-	IC 6-1.1-20.
145		-	(c) As used in this section, "qualified political subdivision"
146		-	means a county, city, town, township, or school corporation.
147		-	(d) Notwithstanding any other law, and except as provided in
148		-	subsection (e), if a qualified political subdivision issues new general
149		-	obligation bonds, or has issued general obligation bonds before
150		-	May 1, 2025, for a period of two (2) years of less, then at the
151		-	expiration of those general obligation bonds, the qualified political
152		-	subdivision must wait one (1) year from that date before the
153		-	qualified political subdivision may issue general obligation bonds.
154		-	(e) Subsection (d) shall not apply to a qualified political
155		-	subdivision in the case of a natural disaster, an accident, or another
156		-	unanticipated emergency as determined by the department of local
157		-	government finance.
158		-	SECTION 4. IC 5-16-9-3, AS AMENDED BY P.L.197-2016,
159		-	SECTION 4, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
160		-	JULY 1, 2027]: Sec. 3. (a) If a public agency has no parking facility
161		-	under its jurisdiction or control available to private persons who desire
162		-	to conduct business with the public agency, the public agency shall
163		-	direct the local authority having jurisdiction over the portion of the
164		-	streets which are adjacent to the facilities of the public agency to
165		-	reserve parking spaces for the use of persons with physical disabilities.
166		-	SEA 1 — Concur 5
167		-	(b) If a retail shopping mall is constructed in whole or in part with
168		-	revenue derived from a local income tax imposed under IC 6-3.6-6 and
169		-	allocated for economic development purposes, under IC 6-3.6-6-9, the
170		-	local authority having jurisdiction over the portion of the streets
171		-	adjacent to the retail shopping mall shall reserve parking spaces for the
172		-	use of persons with physical disabilities.
173		-	SECTION 5. IC 6-1.1-2-11 IS ADDED TO THE INDIANA CODE
174		-	AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE
175		-	UPON PASSAGE]: Sec. 11. (a) As used in this section, "tax
176		-	increment financing allocation area" means any area authorized
177		-	by statute in which ad valorem property taxes are allocated,
178		-	including the following:
179		-	(1) IC 6-1.1-39 (economic development districts).
180		-	(2) IC 8-22-3.5 (airport development zones).
181		-	(3) IC 36-7-14 (redevelopment of areas needing
182		-	redevelopment generally).
183		-	(4) IC 36-7-15.1 (redevelopment of areas in Marion County).
184		-	(5) IC 36-7-30 (reuse of federal military bases).
185		-	(6) IC 36-7-30.5 (development of multicounty federal military
186		-	bases).
187		-	(7) IC 36-7-32 (certified technology parks).
188		-	(8) IC 36-7-32.5 (innovation development districts).
189		-	(9) IC 36-7.5-4.5 (rail transit development districts).
190		-	(b) The department shall, in each year beginning after
191		-	December 31, 2025, and ending before January 1, 2034, adjust the
192		-	base assessed value of each tax increment financing allocation area
193		-	to neutralize the effect of the changing tax rates resulting year to
194		-	year from the homestead deduction under IC 6-1.1-12-37(c)(2) and
195		-	IC 6-1.1-12-37.5(c) and the deduction for eligible property under
196		-	IC 6-1.1-12-47. It is the intent of the general assembly that an
197		-	increase in revenue from a change in tax rates resulting from these
198		-	statutes accrue only to the base assessed value and not to the tax
199		-	increment financing allocation area. However, in the case of a
200		-	decrease in revenue from a change in tax rates resulting from these
201		-	statutes, the department may neutralize the change under this
202		-	subsection in a positive manner with regard to the tax increment
203		-	financing allocation area to protect the ability to pay bonds based
204		-	on incremental revenue, if the tax increment financing allocation
205		-	area demonstrates to the department that an adjustment is needed
206		-	before the department calculates a positive neutralization
207		-	adjustment.
208		-	SECTION 6. IC 6-1.1-3-7.2, AS AMENDED BY P.L.137-2022,
209		-	SEA 1 — Concur 6
210		-	SECTION 11, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
211		-	JANUARY 1, 2025 (RETROACTIVE)]: Sec. 7.2. (a) This section
212		-	applies to assessment dates occurring after December 31, 2015.
213		-	(b) As used in this section, "affiliate" means an entity that
214		-	effectively controls or is controlled by a taxpayer or is associated with
215		-	a taxpayer under common ownership or control, whether by
216		-	shareholdings or other means.
217		-	(c) As used in this section, "business personal property" means
218		-	personal property that:
219		-	(1) is otherwise subject to assessment and taxation under this
220		-	article;
221		-	(2) is used in a trade or business or otherwise held, used, or
222		-	consumed in connection with the production of income; and
223		-	(3) was:
224		-	(A) acquired by the taxpayer in an arms length transaction
225		-	from an entity that is not an affiliate of the taxpayer, if the
226		-	personal property has been previously used in Indiana before
227		-	being placed in service in the county; or
228		-	(B) acquired in any manner, if the personal property has never
229		-	been previously used in Indiana before being placed in service
230		-	in the county.
231		-	The term does not include mobile homes assessed under IC 6-1.1-7,
232		-	personal property held as an investment, or personal property that is
233		-	assessed under IC 6-1.1-8 and is owned by a public utility subject to
234		-	regulation by the Indiana utility regulatory commission. However, the
235		-	term does include the personal property of a telephone company or a
236		-	communications service provider if that personal property meets the
237		-	requirements of subdivisions (1) through (3), regardless of whether that
238		-	personal property is assessed under IC 6-1.1-8 and regardless of
239		-	whether the telephone company or communications service provider is
240		-	subject to regulation by the Indiana utility regulatory commission.
241		-	(d) Notwithstanding section 7 of this chapter, if the acquisition cost
242		-	of a taxpayer's total business personal property in a county is less than:
243		-	(1) eighty thousand dollars ($80,000) for that assessment date,
244		-	assessment dates before 2025;
245		-	(2) one million dollars ($1,000,000) for the 2025 assessment
246		-	date; and
247		-	(3) two million dollars ($2,000,000) for the 2026 assessment
248		-	date, and each assessment date thereafter;
249		-	the taxpayer's business personal property in the county for that
250		-	assessment date is exempt from taxation.
251		-	(e) Subject to subsection (f), a taxpayer that is eligible for the
252		-	SEA 1 — Concur 7
253		-	exemption under this section for an assessment date shall include the
254		-	following information on the taxpayer's personal property tax return:
255		-	(1) A declaration that the taxpayer's business personal property in
256		-	the county is exempt from property taxation.
257		-	(2) Whether the taxpayer's business personal property within the
258		-	county is in one (1) location or multiple locations.
259		-	(3) An address for the location of the property.
260		-	If the business personal property is in multiple locations within a
261		-	county, the taxpayer shall provide an address for the location where the
262		-	sum of acquisition costs for business personal property is greatest. If
263		-	two (2) or more addresses contain the greatest equivalent sum of
264		-	acquisition costs for business personal property within a given county,
265		-	the taxpayer shall choose only one (1) address to list on the return.
266		-	(f) Beginning after December 31, 2022, a taxpayer that has included
267		-	the information required under subsection (e) on the taxpayer's
268		-	personal property tax return to claim the exemption under this section
269		-	is not required to file a personal property return for the taxpayer's
270		-	business personal property for an assessment date that occurs after the
271		-	assessment date for which the information is first provided under
272		-	subsection (e), unless or until the taxpayer no longer qualifies for the
273		-	exemption under subsection (d) for a subsequent assessment date.
274		-	SECTION 7. IC 6-1.1-3-22, AS AMENDED BY P.L.159-2020,
275		-	SECTION 4, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
276		-	JANUARY 1, 2025 (RETROACTIVE)]: Sec. 22. (a) Except to the
277		-	extent that it conflicts with a statute and subject to subsection (f), 50
278		-	IAC 4.2 (as in effect January 1, 2001), which was formerly
279		-	incorporated by reference into this section, is reinstated as a rule.
280		-	(b) Tangible personal property within the scope of 50 IAC 4.2 (as
281		-	in effect January 1, 2001) shall be assessed on the assessment dates in
282		-	calendar years 2003 and thereafter in conformity with 50 IAC 4.2 (as
283		-	in effect January 1, 2001).
284		-	(c) The publisher of the Indiana Administrative Code shall publish
285		-	50 IAC 4.2 (as in effect January 1, 2001) in the Indiana Administrative
286		-	Code.
287		-	(d) 50 IAC 4.3 and any other rule to the extent that it conflicts with
288		-	this section is void.
289		-	(e) A reference in 50 IAC 4.2 to a governmental entity that has been
290		-	terminated or a statute that has been repealed or amended shall be
291		-	treated as a reference to its successor.
292		-	(f) The department of local government finance may not amend or
293		-	repeal the following (all as in effect January 1, 2001):
294		-	(1) 50 IAC 4.2-4-3(f).
295		-	SEA 1 — Concur 8
296		-	(2) 50 IAC 4.2-4-7.
297		-	(3) 50 IAC 4.2-4-9.
298		-	(4) 50 IAC 4.2-5-7.
299		-	(5) 50 IAC 4.2-5-13.
300		-	(6) 50 IAC 4.2-6-1.
301		-	(7) 50 IAC 4.2-6-2.
302		-	(8) 50 IAC 4.2-8-9.
303		-	However, the department of local government finance may amend
304		-	these rules to conform with statutory changes.
305		-	(g) Notwithstanding any other provision of this section, 50
306		-	IAC 4.2-4-6(c) is void effective July 1, 2015. The publisher of the
307		-	Indiana Administrative Code and the Indiana Register shall remove this
308		-	provision from the Indiana Administrative Code.
309		-	(h) Notwithstanding any other provision of this section, the
310		-	department of local government finance shall adopt rules
311		-	amending 50 IAC 4.2 to reflect the enactment of section 29 of this
312		-	chapter.
313		-	SECTION 8. IC 6-1.1-3-23, AS AMENDED BY P.L.220-2011,
314		-	SECTION 119, IS AMENDED TO READ AS FOLLOWS
315		-	[EFFECTIVE JANUARY 1, 2025 (RETROACTIVE)]: Sec. 23. (a) In
316		-	enacting this section, the general assembly finds the following:
317		-	(1) The economy of northern Indiana has historically been heavily
318		-	dependent upon:
319		-	(A) the domestic steel industry, particularly the integrated steel
320		-	mill business, which produces steel from basic raw materials
321		-	through blast furnace and related operations; and
322		-	(B) the oil refining and petrochemical industry.
323		-	(2) Northern Indiana is the only area of Indiana with integrated
324		-	steelmaking facilities.
325		-	(3) During the last thirty (30) years, the domestic steel industry
326		-	has experienced significant financial difficulties. More than
327		-	one-half (1/2) of the integrated steel mills in the United States
328		-	were shut down or deintegrated, with the remainder requiring
329		-	significant investment and the addition of new processes to make
330		-	the facilities economically competitive with newer foreign and
331		-	domestic steelmaking facilities and processes.
332		-	(4) The United States needs to protect the capacity of the oil
333		-	refining and petrochemical industry. No oil refineries have been
334		-	built in the United States since 1976.
335		-	(5) Given the economic conditions affecting older integrated
336		-	steelmaking facilities, integrated steel mills claimed abnormal
337		-	obsolescence in reporting the assessed value of equipment located
338		-	SEA 1 — Concur 9
339		-	at the integrated steelmaking facilities that began operations
340		-	before 1970, thereby reporting the equipment's assessed value at
341		-	far below thirty percent (30%) of the equipment's total cost (far
342		-	below the "thirty percent (30%) floor" value generally applicable
343		-	to equipment exhibiting only normal obsolescence under the
344		-	current department of local government finance rules).
345		-	(6) Current law existing before January 1, 2003, obligates the
346		-	taxpayers making abnormal obsolescence claims to pay personal
347		-	property taxes based only on, and permits communities to
348		-	determine property tax budgets and rates based only on, the
349		-	reported personal property assessed values until the personal
350		-	property appeals are resolved. Consequently, as a result of
351		-	abnormal obsolescence claims, the property tax base of
352		-	communities in northern Indiana is severely reduced for an
353		-	indeterminate period (if not permanently). The prospect of future
354		-	appeals and their attendant problems on an ongoing basis must be
355		-	addressed.
356		-	(7) A new, optional method for valuing the equipment of
357		-	integrated steel mills and entities that are at least fifty percent
358		-	(50%) owned by an affiliate of an integrated steel mill ("related
359		-	entities") and the oil refining and petrochemical industry in
360		-	northern Indiana is needed. That optional method:
361		-	(A) recognizes the loss of value and difficulty in valuing
362		-	equipment at integrated steelmaking facilities and facilities of
363		-	the oil refining and petrochemical industry that commenced
364		-	operations decades ago and at the facilities of related entities;
365		-	(B) recognizes that depreciable personal property used in
366		-	integrated steelmaking and in oil refinery or petrochemical
367		-	operations and by related entities is affected by different
368		-	economic and market forces than depreciable personal
369		-	property used in other industries and certain other segments of
370		-	the steel industry and therefore experiences different amounts
371		-	of obsolescence and depreciation; and
372		-	(C) can be used to simply and efficiently arrive at a value
373		-	commensurate with that property's age, use, obsolescence, and
374		-	market circumstances instead of the current method and its
375		-	potentially contentious and lengthy appeals. Such an optional
376		-	method would benefit the communities where these older
377		-	facilities are located.
378		-	(8) Such an optional method would be to authorize a fifth pool in
379		-	the depreciation schedule for valuing the equipment of integrated
380		-	steel mills, related entities, and the oil refining and petrochemical
381		-	SEA 1 — Concur 10
382		-	industry that reflects all adjustments to the value of that
383		-	equipment for depreciation and obsolescence, including abnormal
384		-	obsolescence, which precludes any taxpayer electing such a
385		-	method from taking any other obsolescence adjustment for the
386		-	equipment, and which applies only at the election of the taxpayer.
387		-	(9) The purpose for authorizing the Pool 5 method is to provide
388		-	a more simplified and efficient method for valuing the equipment
389		-	of integrated steel mills and the oil refining and petrochemical
390		-	industry that recognizes the loss of value and unusual problems
391		-	associated with the valuation of the equipment or facilities that
392		-	began operations before 1970 in those industries in northern
393		-	Indiana, as well as for valuing the equipment of related entities,
394		-	to stabilize local property tax revenue by eliminating the need for
395		-	abnormal obsolescence claims, and to encourage those industries
396		-	to continue to invest in northern Indiana, thereby contributing to
397		-	the economic life and well-being of communities in northern
398		-	Indiana, the residents of northern Indiana, and Indiana generally.
399		-	(10) The specific circumstances described in this section do not
400		-	exist throughout the rest of Indiana.
401		-	(b) For purposes of this section:
402		-	(1) "adjusted cost" refers to the adjusted cost established in 50
403		-	IAC 4.2-4-4 (as in effect on January 1, 2003);
404		-	(2) "depreciable personal property" has the meaning set forth in
405		-	50 IAC 4.2-4-1 (as in effect on January 1, 2003);
406		-	(3) "integrated steel mill" means a person, including a subsidiary
407		-	of a corporation, that produces steel by processing iron ore and
408		-	other raw materials in a blast furnace in Indiana;
409		-	(4) "oil refinery/petrochemical company" means a person that
410		-	produces a variety of petroleum products by processing an annual
411		-	average of at least one hundred thousand (100,000) barrels of
412		-	crude oil per day;
413		-	(5) "permanently retired depreciable personal property" has the
414		-	meaning set forth in 50 IAC 4.2-4-3 (as in effect on January 1,
415		-	2003);
416		-	(6) "pool" refers to a pool established in 50 IAC 4.2-4-5(a) (as in
417		-	effect on January 1, 2003);
418		-	(7) "special integrated steel mill or oil refinery/petrochemical
419		-	equipment" means depreciable personal property, other than
420		-	special tools and permanently retired depreciable personal
421		-	property:
422		-	(A) that:
423		-	(i) is owned, leased, or used by an integrated steel mill or an
424		-	SEA 1 — Concur 11
425		-	entity that is at least fifty percent (50%) owned by an
426		-	affiliate of an integrated steel mill; and
427		-	(ii) falls within Asset Class 33.4 as set forth in IRS Rev.
428		-	Proc. 87-56, 1987-2, C.B. 647; or
429		-	(B) that:
430		-	(i) is owned, leased, or used as an integrated part of an oil
431		-	refinery/petrochemical company or its affiliate; and
432		-	(ii) falls within Asset Class 13.3 or 28.0 as set forth in IRS
433		-	Rev. Proc. 87-56, 1987-2, C.B. 647;
434		-	(8) "special tools" has the meaning set forth in 50 IAC 4.2-6-2 (as
435		-	in effect on January 1, 2003); and
436		-	(9) "year of acquisition" refers to the year of acquisition
437		-	determined under 50 IAC 4.2-4-6 (as in effect on January 1,
438		-	2003).
439		-	(c) Notwithstanding 50 IAC 4.2-4-4, 50 IAC 4.2-4-6, and 50
440		-	IAC 4.2-4-7, a taxpayer may elect to calculate the true tax value of the
441		-	taxpayer's special integrated steel mill or oil refinery/petrochemical
442		-	equipment by multiplying the adjusted cost of that equipment by the
443		-	percentage set forth in the following table:
444		-	Year of Acquisition Percentage
445		-	1 40%
446		-	2 56%
447		-	3 42%
448		-	4 32%
449		-	5 24%
450		-	6 18%
451		-	7 15%
452		-	8 and older 10%
453		-	(d) The department of local government finance shall designate the
454		-	table under subsection (c) as "Pool No. 5" on the business personal
455		-	property tax return.
456		-	(e) The percentage factors in the table under subsection (c)
457		-	automatically reflect all adjustments for depreciation and obsolescence,
458		-	including abnormal obsolescence, for special integrated steel mill or oil
459		-	refinery/petrochemical equipment. The equipment is entitled to all
460		-	exemptions, credits, and deductions for which it qualifies.
461		-	(f) The minimum valuation limitations under 50 IAC 4.2-4-9
462		-	section 29 of this chapter do not apply to special integrated steel mill
463		-	or oil refinery/petrochemical equipment valued under this section. The
464		-	value of the equipment is not included in the calculation of that
465		-	minimum valuation limitation for the taxpayer's other assessable
466		-	depreciable personal property in the taxing district.
467		-	SEA 1 — Concur 12
468		-	(g) An election to value special integrated steel mill or oil
469		-	refinery/petrochemical equipment under this section:
470		-	(1) must be made by reporting the equipment under this section
471		-	on a business personal property tax return;
472		-	(2) applies to all of the taxpayer's special integrated steel mill or
473		-	oil refinery/petrochemical equipment located in the state (whether
474		-	owned or leased, or used as an integrated part of the equipment);
475		-	and
476		-	(3) is binding on the taxpayer for the assessment date for which
477		-	the election is made.
478		-	The department of local government finance shall prescribe the forms
479		-	to make the election beginning with the March 1, 2003, assessment
480		-	date. Any special integrated steel mill or oil refinery/petrochemical
481		-	equipment acquired by a taxpayer that has made an election under this
482		-	section is valued under this section.
483		-	(h) If fifty percent (50%) or more of the adjusted cost of a taxpayer's
484		-	property that would, notwithstanding this section, be reported in a pool
485		-	other than Pool No. 5 is attributable to special integrated steel mill or
486		-	oil refinery/petrochemical equipment, the taxpayer may elect to
487		-	calculate the true tax value of all of that property as special integrated
488		-	steel mill or oil refinery/petrochemical equipment. The true tax value
489		-	of property for which an election is made under this subsection is
490		-	calculated under subsections (c) through (g).
491		-	SECTION 9. IC 6-1.1-3-23.5, AS AMENDED BY P.L.236-2023,
492		-	SECTION 13, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
493		-	JANUARY 1, 2025 (RETROACTIVE)]: Sec. 23.5. (a) For purposes of
494		-	this section:
495		-	(1) "adjusted cost" has the meaning set forth in section 23(b)(1)
496		-	of this chapter;
497		-	(2) "depreciable personal property" has the meaning set forth in
498		-	section 23(b)(2) of this chapter;
499		-	(3) "mini-mill" means a person, including a subsidiary of a
500		-	corporation, that produces steel using an electric arc furnace in
501		-	Indiana;
502		-	(4) "permanently retired depreciable personal property" has the
503		-	meaning set forth in section 23(b)(5) of this chapter;
504		-	(5) "pool" has the meaning set forth in section 23(b)(6) of this
505		-	chapter;
506		-	(6) "mini-mill equipment" means depreciable personal property,
507		-	other than special tools and permanently retired depreciable
508		-	personal property, that is owned, leased, or used by a mini-mill or
509		-	an entity that is at least fifty percent (50%) owned by an affiliate
510		-	SEA 1 — Concur 13
511		-	of a mini-mill in the production of steel;
512		-	(7) "special tools" has the meaning set forth in section 23(b)(8) of
513		-	this chapter; and
514		-	(8) "year of acquisition" for purposes of applying the table in
515		-	section 23(c) of this chapter, has the meaning set forth in section
516		-	23(b)(9) of this chapter.
517		-	(b) Notwithstanding 50 IAC 4.2-4-4, 50 IAC 4.2-4-6, and 50
518		-	IAC 4.2-4-7, beginning with the January 1, 2023, assessment date, a
519		-	taxpayer may elect to calculate the true tax value of the taxpayer's
520		-	mini-mill equipment by multiplying the adjusted cost of that equipment
521		-	by the applicable percentage set forth in the table designated as "Pool
522		-	No. 5" under section 23(c) and 23(d) of this chapter.
523		-	(c) The percentage factors in the table under section 23(c) of this
524		-	chapter automatically reflect all adjustments for depreciation and
525		-	obsolescence, including abnormal obsolescence, for mini-mill
526		-	equipment. The equipment is entitled to all exemptions, credits, and
527		-	deductions for which it qualifies.
528		-	(d) The minimum valuation limitations under 50 IAC 4.2-4-9
529		-	section 29 of this chapter do not apply to mini-mill equipment valued
530		-	under this section. The value of the equipment is not included in the
531		-	calculation of that minimum valuation limitation for the taxpayer's
532		-	other assessable depreciable personal property in the taxing district.
533		-	(e) An election to value mini-mill equipment under this section:
534		-	(1) must be made by reporting the equipment under this section
535		-	on a business personal property tax return;
536		-	(2) applies to all of the taxpayer's mini-mill equipment located in
537		-	the state (whether owned or leased, or used as an integrated part
538		-	of the equipment); and
539		-	(3) is binding on the taxpayer for the assessment date for which
540		-	the election is made.
541		-	The department of local government finance shall prescribe the forms
542		-	to make the election beginning with the January 1, 2023, assessment
543		-	date. Any mini-mill equipment acquired by a taxpayer that has made
544		-	an election under this section is valued under this section.
545		-	(f) If fifty percent (50%) or more of the adjusted cost of a taxpayer's
546		-	property that would, notwithstanding this section, be reported in a pool
547		-	other than "Pool No. 5" (as designated under section 23 of this chapter)
548		-	is attributable to mini-mill equipment, the taxpayer may elect to
549		-	calculate the true tax value of all of that property as mini-mill
550		-	equipment. The true tax value of property for which an election is made
551		-	under this subsection is calculated under subsections (b) through (e).
552		-	SECTION 10. IC 6-1.1-3-25, AS ADDED BY P.L.238-2017,
553		-	SEA 1 — Concur 14
554		-	SECTION 8, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
555		-	JANUARY 1, 2025 (RETROACTIVE)]: Sec. 25. (a) As used in this
556		-	section, "district" refers to an entrepreneur and enterprise district
557		-	designated under IC 5-28-15.5.
558		-	(b) Notwithstanding section 22(b) of this chapter and
559		-	IC 6-1.1-8-44(b), assessable depreciable personal property that:
560		-	(1) is located in a district;
561		-	(2) is placed in service in the district by the owner of the property
562		-	after the designation of the district under IC 5-28-15.5; and
563		-	(3) is used within the district by one (1) or more employees who
564		-	perform the majority of their service within the district;
565		-	is not subject to the valuation limitations in 50 IAC 4.2-4-9 section 29
566		-	of this chapter or 50 IAC 5.1-6-9. IC 6-1.1-8-45.
567		-	SECTION 11. IC 6-1.1-3-29 IS ADDED TO THE INDIANA CODE
568		-	AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE
569		-	JANUARY 1, 2025 (RETROACTIVE)]: Sec. 29. (a) This subsection
570		-	applies only to a taxpayer's assessable depreciable personal
571		-	property that is placed in service on or before January 1, 2025.
572		-	Except as provided in subsections (b) and (c), for each assessment
573		-	date, the total valuation of a taxpayer's assessable depreciable
574		-	personal property in a single taxing district may not be less than
575		-	thirty percent (30%) of the adjusted cost of all the taxpayer's
576		-	assessable depreciable personal property in the taxing district.
	172	+	1 SECTION 1. IC 3-10-9-3, AS AMENDED BY P.L.225-2011,
	173	+	2 SECTION 49, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	174	+	3 JULY 1, 2025]: Sec. 3. (a) Except as provided in subsection (b), if a
	175	+	4 local public question must be certified to an election board by law, that
	176	+	5 certification must occur no later than noon:
	177	+	6 (1) seventy-four (74) days before a primary election if the public
	178	+	7 question is to be placed on the primary or municipal primary
	179	+	8 election ballot; or
	180	+	9 (2) August 1 if the public question is to be placed on the general
	181	+	10 or municipal election ballot.
	182	+	11 (b) A referendum or local public question:
	183	+	12 (1) under IC 20-46-1;
	184	+	13 (2) under IC 20-46-9; or
	185	+	14 (3) under IC 6-1.1-20 for controlled projects;
	186	+	15 may be placed on the ballot only at a general election. Certification
	187	+	16 of a local public question under this subsection must occur not
	188	+	17 later than noon August 1.
	189	+	ES 1—LS 7244/DI 120 2
	190	+	1 SECTION 2. IC 5-1-14-14, AS AMENDED BY P.L.197-2016,
	191	+	2 SECTION 1, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	192	+	3 JULY 1, 2027]: Sec. 14. (a) Notwithstanding any other law, a
	193	+	4 municipality may sell the municipality's interest in any notes payable
	194	+	5 to the municipality at a negotiated sale.
	195	+	6 (b) A county or municipality may establish a revolving fund from
	196	+	7 grants, the revenue received by the county or municipality under
	197	+	8 IC 6-3.6-9 and allocated for economic development purposes, under
	198	+	9 IC 6-3.6-6-9, the proceeds of the sale of notes, or the proceeds of bonds
	199	+	10 issued under this section and IC 36-9-32. The county or municipality
	200	+	11 may loan the money in the revolving fund to any borrower if the county
	201	+	12 or municipal fiscal body finds that the loan will be used by the
	202	+	13 borrower for one (1) or more of the following economic development
	203	+	14 purposes:
	204	+	15 (1) Promoting significant opportunities for the gainful
	205	+	16 employment of the county's or municipality's residents.
	206	+	17 (2) Attracting a major new business enterprise to the county or
	207	+	18 municipality.
	208	+	19 (3) Retaining or expanding a significant business enterprise in the
	209	+	20 county or municipality.
	210	+	21 (c) Activities that may be undertaken by the borrower in carrying
	211	+	22 out an economic development purpose include expenditures for any of
	212	+	23 the following:
	213	+	24 (1) Acquisition of land.
	214	+	25 (2) Acquisition of property interests.
	215	+	26 (3) Site improvements.
	216	+	27 (4) Infrastructure improvements.
	217	+	28 (5) Buildings.
	218	+	29 (6) Structures.
	219	+	30 (7) Rehabilitation, renovation, or enlargement of buildings or
	220	+	31 structures.
	221	+	32 (8) Machinery.
	222	+	33 (9) Equipment.
	223	+	34 (10) Furnishings.
	224	+	35 (d) Local governmental entities may borrow under subsection (b) if
	225	+	36 the local governmental entity's jurisdiction includes the geographic area
	226	+	37 within the boundaries of the county or municipality that established the
	227	+	38 revolving fund. Notwithstanding any other law, the following
	228	+	39 provisions apply to the borrowing:
	229	+	40 (1) The county or municipality that established the revolving fund
	230	+	41 and the local governmental entity borrower may each authorize
	231	+	42 the loan from the revolving fund and the issuance of notes
	232	+	ES 1—LS 7244/DI 120 3
	233	+	1 evidencing the loan by resolution. In each case, the resolution
	234	+	2 shall be adopted by the body with control over fiscal matters.
	235	+	3 (2) A resolution adopted under subdivision (1) must approve:
	236	+	4 (A) the term of the loan;
	237	+	5 (B) the interest rate;
	238	+	6 (C) the form of the note or notes;
	239	+	7 (D) the medium of payment;
	240	+	8 (E) the place and manner of payment;
	241	+	9 (F) the manner of execution of the note or notes;
	242	+	10 (G) the terms of redemption;
	243	+	11 (H) the funds or sources of funds from which the note or notes
	244	+	12 are payable, which may be any funds and sources of funds
	245	+	13 available to the borrower; and
	246	+	14 (I) any other provisions not inconsistent with this section.
	247	+	15 (3) The notes and the authorization, issuance, sale, and delivery
	248	+	16 of the notes are not subject to any general statute concerning
	249	+	17 obligations issued by the local governmental entity borrower. This
	250	+	18 section contains full and complete authority for the making of the
	251	+	19 loan, the authorization, issuance, sale, and delivery of the notes,
	252	+	20 and the repayment of the loan by the borrower, and no law,
	253	+	21 procedure, proceedings, publications, notices, consents,
	254	+	22 approvals, orders, or acts by any officer, department, agency, or
	255	+	23 instrument of the state or of any political subdivision is required
	256	+	24 to make the loan, issue the notes, or repay the loan except as
	257	+	25 prescribed in this section.
	258	+	26 (4) The notes issued by a local governmental entity borrower are
	259	+	27 exempt from taxation for all purposes and are exempt from any
	260	+	28 security registration requirements provided for in Indiana statutes.
	261	+	29 (5) Notes issued by a local governmental entity borrower under
	262	+	30 this section are obligations for all purposes of this chapter.
	263	+	31 (e) A municipality may issue bonds under IC 36-9-32-7(b) through
	264	+	32 IC 36-9-32-7(j) for the economic development purposes listed in
	265	+	33 subsection (c) and may repay the indebtedness solely from revenues
	266	+	34 derived from the repayment of any notes, including notes evidencing
	267	+	35 loans made under subsection (b).
	268	+	36 (f) To the extent a revolving fund under subsection (b) is funded
	269	+	37 from:
	270	+	38 (1) revenues received by the county under IC 6-3.6-9 and
	271	+	39 allocated for economic development purposes; under
	272	+	40 IC 6-3.6-6-9; or
	273	+	41 (2) repayments of principal and interest on loans from the
	274	+	42 revolving fund that were funded with revenues described in
	275	+	ES 1—LS 7244/DI 120 4
	276	+	1 subdivision (1);
	277	+	2 money in the revolving fund may at any time be transferred in whole
	278	+	3 or in part to the unit's economic development income tax fund, as
	279	+	4 determined by ordinance of the unit's fiscal body.
	280	+	5 (g) The general assembly finds that counties and municipalities in
	281	+	6 Indiana have a need to foster economic development and industrial and
	282	+	7 commercial growth. The general assembly finds that it is necessary and
	283	+	8 proper to provide an alternative method for municipalities to foster the
	284	+	9 following:
	285	+	10 (1) Economic development.
	286	+	11 (2) Industrial and commercial growth.
	287	+	12 (3) Employment opportunities.
	288	+	13 (4) Diversification of industry and commerce.
	289	+	14 It is declared that the fostering of economic development under this
	290	+	15 section for the benefit of the general public, including industrial and
	291	+	16 commercial enterprises, is a public purpose.
	292	+	17 SECTION 3. IC 5-1-14-17 IS ADDED TO THE INDIANA CODE
	293	+	18 AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE
	294	+	19 UPON PASSAGE]: Sec. 17. (a) This section applies to a qualified
	295	+	20 political subdivision.
	296	+	21 (b) As used this section, "general obligation bond" means a
	297	+	22 bond issued for a short term period of not more than five (5) years
	298	+	23 and payable from property taxes for a purpose or project that is
	299	+	24 not a controlled project (as defined in IC 6-1.1-20-1.1) for which
	300	+	25 the bond is not required to be issued using the procedures in
	301	+	26 IC 6-1.1-20.
	302	+	27 (c) As used in this section, "qualified political subdivision"
	303	+	28 means a county, city, town, township, or school corporation.
	304	+	29 (d) Notwithstanding any other law, and except as provided in
	305	+	30 subsection (e), if a qualified political subdivision issues new general
	306	+	31 obligation bonds, or has issued general obligation bonds before
	307	+	32 May 1, 2025, for a period of two (2) years of less, then at the
	308	+	33 expiration of those general obligation bonds, the qualified political
	309	+	34 subdivision must wait one (1) year from that date before the
	310	+	35 qualified political subdivision may issue general obligation bonds.
	311	+	36 (e) Subsection (d) shall not apply to a qualified political
	312	+	37 subdivision in the case of a natural disaster, an accident, or another
	313	+	38 unanticipated emergency as determined by the department of local
	314	+	39 government finance.
	315	+	40 SECTION 4. IC 5-16-9-3, AS AMENDED BY P.L.197-2016,
	316	+	41 SECTION 4, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	317	+	42 JULY 1, 2027]: Sec. 3. (a) If a public agency has no parking facility
	318	+	ES 1—LS 7244/DI 120 5
	319	+	1 under its jurisdiction or control available to private persons who desire
	320	+	2 to conduct business with the public agency, the public agency shall
	321	+	3 direct the local authority having jurisdiction over the portion of the
	322	+	4 streets which are adjacent to the facilities of the public agency to
	323	+	5 reserve parking spaces for the use of persons with physical disabilities.
	324	+	6 (b) If a retail shopping mall is constructed in whole or in part with
	325	+	7 revenue derived from a local income tax imposed under IC 6-3.6-6 and
	326	+	8 allocated for economic development purposes, under IC 6-3.6-6-9, the
	327	+	9 local authority having jurisdiction over the portion of the streets
	328	+	10 adjacent to the retail shopping mall shall reserve parking spaces for the
	329	+	11 use of persons with physical disabilities.
	330	+	12 SECTION 5. IC 6-1.1-2-11 IS ADDED TO THE INDIANA CODE
	331	+	13 AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE
	332	+	14 UPON PASSAGE]: Sec. 11. (a) As used in this section, "tax
	333	+	15 increment financing allocation area" means any area authorized
	334	+	16 by statute in which ad valorem property taxes are allocated,
	335	+	17 including the following:
	336	+	18 (1) IC 6-1.1-39 (economic development districts).
	337	+	19 (2) IC 8-22-3.5 (airport development zones).
	338	+	20 (3) IC 36-7-14 (redevelopment of areas needing
	339	+	21 redevelopment generally).
	340	+	22 (4) IC 36-7-15.1 (redevelopment of areas in Marion County).
	341	+	23 (5) IC 36-7-30 (reuse of federal military bases).
	342	+	24 (6) IC 36-7-30.5 (development of multicounty federal military
	343	+	25 bases).
	344	+	26 (7) IC 36-7-32 (certified technology parks).
	345	+	27 (8) IC 36-7-32.5 (innovation development districts).
	346	+	28 (9) IC 36-7.5-4.5 (rail transit development districts).
	347	+	29 (b) The department shall, in each year beginning after
	348	+	30 December 31, 2025, and ending before January 1, 2034, adjust the
	349	+	31 base assessed value of each tax increment financing allocation area
	350	+	32 to neutralize the effect of the changing tax rates resulting year to
	351	+	33 year from the homestead deduction under IC 6-1.1-12-37(c)(2) and
	352	+	34 IC 6-1.1-12-37.5(c) and the deduction for eligible property under
	353	+	35 IC 6-1.1-12-47. It is the intent of the general assembly that an
	354	+	36 increase in revenue from a change in tax rates resulting from these
	355	+	37 statutes accrue only to the base assessed value and not to the tax
	356	+	38 increment financing allocation area. However, in the case of a
	357	+	39 decrease in revenue from a change in tax rates resulting from these
	358	+	40 statutes, the department may neutralize the change under this
	359	+	41 subsection in a positive manner with regard to the tax increment
	360	+	42 financing allocation area to protect the ability to pay bonds based
	361	+	ES 1—LS 7244/DI 120 6
	362	+	1 on incremental revenue, if the tax increment financing allocation
	363	+	2 area demonstrates to the department that an adjustment is needed
	364	+	3 before the department calculates a positive neutralization
	365	+	4 adjustment.
	366	+	5 SECTION 6. IC 6-1.1-3-7.2, AS AMENDED BY P.L.137-2022,
	367	+	6 SECTION 11, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	368	+	7 JANUARY 1, 2025 (RETROACTIVE)]: Sec. 7.2. (a) This section
	369	+	8 applies to assessment dates occurring after December 31, 2015.
	370	+	9 (b) As used in this section, "affiliate" means an entity that
	371	+	10 effectively controls or is controlled by a taxpayer or is associated with
	372	+	11 a taxpayer under common ownership or control, whether by
	373	+	12 shareholdings or other means.
	374	+	13 (c) As used in this section, "business personal property" means
	375	+	14 personal property that:
	376	+	15 (1) is otherwise subject to assessment and taxation under this
	377	+	16 article;
	378	+	17 (2) is used in a trade or business or otherwise held, used, or
	379	+	18 consumed in connection with the production of income; and
	380	+	19 (3) was:
	381	+	20 (A) acquired by the taxpayer in an arms length transaction
	382	+	21 from an entity that is not an affiliate of the taxpayer, if the
	383	+	22 personal property has been previously used in Indiana before
	384	+	23 being placed in service in the county; or
	385	+	24 (B) acquired in any manner, if the personal property has never
	386	+	25 been previously used in Indiana before being placed in service
	387	+	26 in the county.
	388	+	27 The term does not include mobile homes assessed under IC 6-1.1-7,
	389	+	28 personal property held as an investment, or personal property that is
	390	+	29 assessed under IC 6-1.1-8 and is owned by a public utility subject to
	391	+	30 regulation by the Indiana utility regulatory commission. However, the
	392	+	31 term does include the personal property of a telephone company or a
	393	+	32 communications service provider if that personal property meets the
	394	+	33 requirements of subdivisions (1) through (3), regardless of whether that
	395	+	34 personal property is assessed under IC 6-1.1-8 and regardless of
	396	+	35 whether the telephone company or communications service provider is
	397	+	36 subject to regulation by the Indiana utility regulatory commission.
	398	+	37 (d) Notwithstanding section 7 of this chapter, if the acquisition cost
	399	+	38 of a taxpayer's total business personal property in a county is less than:
	400	+	39 (1) eighty thousand dollars ($80,000) for that assessment date,
	401	+	40 assessment dates before 2025;
	402	+	41 (2) one million dollars ($1,000,000) for the 2025 assessment
	403	+	42 date; and
	404	+	ES 1—LS 7244/DI 120 7
	405	+	1 (3) two million dollars ($2,000,000) for the 2026 assessment
	406	+	2 date, and each assessment date thereafter;
	407	+	3 the taxpayer's business personal property in the county for that
	408	+	4 assessment date is exempt from taxation.
	409	+	5 (e) Subject to subsection (f), a taxpayer that is eligible for the
	410	+	6 exemption under this section for an assessment date shall include the
	411	+	7 following information on the taxpayer's personal property tax return:
	412	+	8 (1) A declaration that the taxpayer's business personal property in
	413	+	9 the county is exempt from property taxation.
	414	+	10 (2) Whether the taxpayer's business personal property within the
	415	+	11 county is in one (1) location or multiple locations.
	416	+	12 (3) An address for the location of the property.
	417	+	13 If the business personal property is in multiple locations within a
	418	+	14 county, the taxpayer shall provide an address for the location where the
	419	+	15 sum of acquisition costs for business personal property is greatest. If
	420	+	16 two (2) or more addresses contain the greatest equivalent sum of
	421	+	17 acquisition costs for business personal property within a given county,
	422	+	18 the taxpayer shall choose only one (1) address to list on the return.
	423	+	19 (f) Beginning after December 31, 2022, a taxpayer that has included
	424	+	20 the information required under subsection (e) on the taxpayer's
	425	+	21 personal property tax return to claim the exemption under this section
	426	+	22 is not required to file a personal property return for the taxpayer's
	427	+	23 business personal property for an assessment date that occurs after the
	428	+	24 assessment date for which the information is first provided under
	429	+	25 subsection (e), unless or until the taxpayer no longer qualifies for the
	430	+	26 exemption under subsection (d) for a subsequent assessment date.
	431	+	27 SECTION 7. IC 6-1.1-3-22, AS AMENDED BY P.L.159-2020,
	432	+	28 SECTION 4, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	433	+	29 JANUARY 1, 2025 (RETROACTIVE)]: Sec. 22. (a) Except to the
	434	+	30 extent that it conflicts with a statute and subject to subsection (f), 50
	435	+	31 IAC 4.2 (as in effect January 1, 2001), which was formerly
	436	+	32 incorporated by reference into this section, is reinstated as a rule.
	437	+	33 (b) Tangible personal property within the scope of 50 IAC 4.2 (as
	438	+	34 in effect January 1, 2001) shall be assessed on the assessment dates in
	439	+	35 calendar years 2003 and thereafter in conformity with 50 IAC 4.2 (as
	440	+	36 in effect January 1, 2001).
	441	+	37 (c) The publisher of the Indiana Administrative Code shall publish
	442	+	38 50 IAC 4.2 (as in effect January 1, 2001) in the Indiana Administrative
	443	+	39 Code.
	444	+	40 (d) 50 IAC 4.3 and any other rule to the extent that it conflicts with
	445	+	41 this section is void.
	446	+	42 (e) A reference in 50 IAC 4.2 to a governmental entity that has been
	447	+	ES 1—LS 7244/DI 120 8
	448	+	1 terminated or a statute that has been repealed or amended shall be
	449	+	2 treated as a reference to its successor.
	450	+	3 (f) The department of local government finance may not amend or
	451	+	4 repeal the following (all as in effect January 1, 2001):
	452	+	5 (1) 50 IAC 4.2-4-3(f).
	453	+	6 (2) 50 IAC 4.2-4-7.
	454	+	7 (3) 50 IAC 4.2-4-9.
	455	+	8 (4) 50 IAC 4.2-5-7.
	456	+	9 (5) 50 IAC 4.2-5-13.
	457	+	10 (6) 50 IAC 4.2-6-1.
	458	+	11 (7) 50 IAC 4.2-6-2.
	459	+	12 (8) 50 IAC 4.2-8-9.
	460	+	13 However, the department of local government finance may amend
	461	+	14 these rules to conform with statutory changes.
	462	+	15 (g) Notwithstanding any other provision of this section, 50
	463	+	16 IAC 4.2-4-6(c) is void effective July 1, 2015. The publisher of the
	464	+	17 Indiana Administrative Code and the Indiana Register shall remove this
	465	+	18 provision from the Indiana Administrative Code.
	466	+	19 (h) Notwithstanding any other provision of this section, the
	467	+	20 department of local government finance shall adopt rules
	468	+	21 amending 50 IAC 4.2 to reflect the enactment of section 29 of this
	469	+	22 chapter.
	470	+	23 SECTION 8. IC 6-1.1-3-23, AS AMENDED BY P.L.220-2011,
	471	+	24 SECTION 119, IS AMENDED TO READ AS FOLLOWS
	472	+	25 [EFFECTIVE JANUARY 1, 2025 (RETROACTIVE)]: Sec. 23. (a) In
	473	+	26 enacting this section, the general assembly finds the following:
	474	+	27 (1) The economy of northern Indiana has historically been heavily
	475	+	28 dependent upon:
	476	+	29 (A) the domestic steel industry, particularly the integrated steel
	477	+	30 mill business, which produces steel from basic raw materials
	478	+	31 through blast furnace and related operations; and
	479	+	32 (B) the oil refining and petrochemical industry.
	480	+	33 (2) Northern Indiana is the only area of Indiana with integrated
	481	+	34 steelmaking facilities.
	482	+	35 (3) During the last thirty (30) years, the domestic steel industry
	483	+	36 has experienced significant financial difficulties. More than
	484	+	37 one-half (1/2) of the integrated steel mills in the United States
	485	+	38 were shut down or deintegrated, with the remainder requiring
	486	+	39 significant investment and the addition of new processes to make
	487	+	40 the facilities economically competitive with newer foreign and
	488	+	41 domestic steelmaking facilities and processes.
	489	+	42 (4) The United States needs to protect the capacity of the oil
	490	+	ES 1—LS 7244/DI 120 9
	491	+	1 refining and petrochemical industry. No oil refineries have been
	492	+	2 built in the United States since 1976.
	493	+	3 (5) Given the economic conditions affecting older integrated
	494	+	4 steelmaking facilities, integrated steel mills claimed abnormal
	495	+	5 obsolescence in reporting the assessed value of equipment located
	496	+	6 at the integrated steelmaking facilities that began operations
	497	+	7 before 1970, thereby reporting the equipment's assessed value at
	498	+	8 far below thirty percent (30%) of the equipment's total cost (far
	499	+	9 below the "thirty percent (30%) floor" value generally applicable
	500	+	10 to equipment exhibiting only normal obsolescence under the
	501	+	11 current department of local government finance rules).
	502	+	12 (6) Current law existing before January 1, 2003, obligates the
	503	+	13 taxpayers making abnormal obsolescence claims to pay personal
	504	+	14 property taxes based only on, and permits communities to
	505	+	15 determine property tax budgets and rates based only on, the
	506	+	16 reported personal property assessed values until the personal
	507	+	17 property appeals are resolved. Consequently, as a result of
	508	+	18 abnormal obsolescence claims, the property tax base of
	509	+	19 communities in northern Indiana is severely reduced for an
	510	+	20 indeterminate period (if not permanently). The prospect of future
	511	+	21 appeals and their attendant problems on an ongoing basis must be
	512	+	22 addressed.
	513	+	23 (7) A new, optional method for valuing the equipment of
	514	+	24 integrated steel mills and entities that are at least fifty percent
	515	+	25 (50%) owned by an affiliate of an integrated steel mill ("related
	516	+	26 entities") and the oil refining and petrochemical industry in
	517	+	27 northern Indiana is needed. That optional method:
	518	+	28 (A) recognizes the loss of value and difficulty in valuing
	519	+	29 equipment at integrated steelmaking facilities and facilities of
	520	+	30 the oil refining and petrochemical industry that commenced
	521	+	31 operations decades ago and at the facilities of related entities;
	522	+	32 (B) recognizes that depreciable personal property used in
	523	+	33 integrated steelmaking and in oil refinery or petrochemical
	524	+	34 operations and by related entities is affected by different
	525	+	35 economic and market forces than depreciable personal
	526	+	36 property used in other industries and certain other segments of
	527	+	37 the steel industry and therefore experiences different amounts
	528	+	38 of obsolescence and depreciation; and
	529	+	39 (C) can be used to simply and efficiently arrive at a value
	530	+	40 commensurate with that property's age, use, obsolescence, and
	531	+	41 market circumstances instead of the current method and its
	532	+	42 potentially contentious and lengthy appeals. Such an optional
	533	+	ES 1—LS 7244/DI 120 10
	534	+	1 method would benefit the communities where these older
	535	+	2 facilities are located.
	536	+	3 (8) Such an optional method would be to authorize a fifth pool in
	537	+	4 the depreciation schedule for valuing the equipment of integrated
	538	+	5 steel mills, related entities, and the oil refining and petrochemical
	539	+	6 industry that reflects all adjustments to the value of that
	540	+	7 equipment for depreciation and obsolescence, including abnormal
	541	+	8 obsolescence, which precludes any taxpayer electing such a
	542	+	9 method from taking any other obsolescence adjustment for the
	543	+	10 equipment, and which applies only at the election of the taxpayer.
	544	+	11 (9) The purpose for authorizing the Pool 5 method is to provide
	545	+	12 a more simplified and efficient method for valuing the equipment
	546	+	13 of integrated steel mills and the oil refining and petrochemical
	547	+	14 industry that recognizes the loss of value and unusual problems
	548	+	15 associated with the valuation of the equipment or facilities that
	549	+	16 began operations before 1970 in those industries in northern
	550	+	17 Indiana, as well as for valuing the equipment of related entities,
	551	+	18 to stabilize local property tax revenue by eliminating the need for
	552	+	19 abnormal obsolescence claims, and to encourage those industries
	553	+	20 to continue to invest in northern Indiana, thereby contributing to
	554	+	21 the economic life and well-being of communities in northern
	555	+	22 Indiana, the residents of northern Indiana, and Indiana generally.
	556	+	23 (10) The specific circumstances described in this section do not
	557	+	24 exist throughout the rest of Indiana.
	558	+	25 (b) For purposes of this section:
	559	+	26 (1) "adjusted cost" refers to the adjusted cost established in 50
	560	+	27 IAC 4.2-4-4 (as in effect on January 1, 2003);
	561	+	28 (2) "depreciable personal property" has the meaning set forth in
	562	+	29 50 IAC 4.2-4-1 (as in effect on January 1, 2003);
	563	+	30 (3) "integrated steel mill" means a person, including a subsidiary
	564	+	31 of a corporation, that produces steel by processing iron ore and
	565	+	32 other raw materials in a blast furnace in Indiana;
	566	+	33 (4) "oil refinery/petrochemical company" means a person that
	567	+	34 produces a variety of petroleum products by processing an annual
	568	+	35 average of at least one hundred thousand (100,000) barrels of
	569	+	36 crude oil per day;
	570	+	37 (5) "permanently retired depreciable personal property" has the
	571	+	38 meaning set forth in 50 IAC 4.2-4-3 (as in effect on January 1,
	572	+	39 2003);
	573	+	40 (6) "pool" refers to a pool established in 50 IAC 4.2-4-5(a) (as in
	574	+	41 effect on January 1, 2003);
	575	+	42 (7) "special integrated steel mill or oil refinery/petrochemical
	576	+	ES 1—LS 7244/DI 120 11
	577	+	1 equipment" means depreciable personal property, other than
	578	+	2 special tools and permanently retired depreciable personal
	579	+	3 property:
	580	+	4 (A) that:
	581	+	5 (i) is owned, leased, or used by an integrated steel mill or an
	582	+	6 entity that is at least fifty percent (50%) owned by an
	583	+	7 affiliate of an integrated steel mill; and
	584	+	8 (ii) falls within Asset Class 33.4 as set forth in IRS Rev.
	585	+	9 Proc. 87-56, 1987-2, C.B. 647; or
	586	+	10 (B) that:
	587	+	11 (i) is owned, leased, or used as an integrated part of an oil
	588	+	12 refinery/petrochemical company or its affiliate; and
	589	+	13 (ii) falls within Asset Class 13.3 or 28.0 as set forth in IRS
	590	+	14 Rev. Proc. 87-56, 1987-2, C.B. 647;
	591	+	15 (8) "special tools" has the meaning set forth in 50 IAC 4.2-6-2 (as
	592	+	16 in effect on January 1, 2003); and
	593	+	17 (9) "year of acquisition" refers to the year of acquisition
	594	+	18 determined under 50 IAC 4.2-4-6 (as in effect on January 1,
	595	+	19 2003).
	596	+	20 (c) Notwithstanding 50 IAC 4.2-4-4, 50 IAC 4.2-4-6, and 50
	597	+	21 IAC 4.2-4-7, a taxpayer may elect to calculate the true tax value of the
	598	+	22 taxpayer's special integrated steel mill or oil refinery/petrochemical
	599	+	23 equipment by multiplying the adjusted cost of that equipment by the
	600	+	24 percentage set forth in the following table:
	601	+	25 Year of Acquisition Percentage
	602	+	26 1 40%
	603	+	27 2 56%
	604	+	28 3 42%
	605	+	29 4 32%
	606	+	30 5 24%
	607	+	31 6 18%
	608	+	32 7 15%
	609	+	33 8 and older 10%
	610	+	34 (d) The department of local government finance shall designate the
	611	+	35 table under subsection (c) as "Pool No. 5" on the business personal
	612	+	36 property tax return.
	613	+	37 (e) The percentage factors in the table under subsection (c)
	614	+	38 automatically reflect all adjustments for depreciation and obsolescence,
	615	+	39 including abnormal obsolescence, for special integrated steel mill or oil
	616	+	40 refinery/petrochemical equipment. The equipment is entitled to all
	617	+	41 exemptions, credits, and deductions for which it qualifies.
	618	+	42 (f) The minimum valuation limitations under 50 IAC 4.2-4-9
	619	+	ES 1—LS 7244/DI 120 12
	620	+	1 section 29 of this chapter do not apply to special integrated steel mill
	621	+	2 or oil refinery/petrochemical equipment valued under this section. The
	622	+	3 value of the equipment is not included in the calculation of that
	623	+	4 minimum valuation limitation for the taxpayer's other assessable
	624	+	5 depreciable personal property in the taxing district.
	625	+	6 (g) An election to value special integrated steel mill or oil
	626	+	7 refinery/petrochemical equipment under this section:
	627	+	8 (1) must be made by reporting the equipment under this section
	628	+	9 on a business personal property tax return;
	629	+	10 (2) applies to all of the taxpayer's special integrated steel mill or
	630	+	11 oil refinery/petrochemical equipment located in the state (whether
	631	+	12 owned or leased, or used as an integrated part of the equipment);
	632	+	13 and
	633	+	14 (3) is binding on the taxpayer for the assessment date for which
	634	+	15 the election is made.
	635	+	16 The department of local government finance shall prescribe the forms
	636	+	17 to make the election beginning with the March 1, 2003, assessment
	637	+	18 date. Any special integrated steel mill or oil refinery/petrochemical
	638	+	19 equipment acquired by a taxpayer that has made an election under this
	639	+	20 section is valued under this section.
	640	+	21 (h) If fifty percent (50%) or more of the adjusted cost of a taxpayer's
	641	+	22 property that would, notwithstanding this section, be reported in a pool
	642	+	23 other than Pool No. 5 is attributable to special integrated steel mill or
	643	+	24 oil refinery/petrochemical equipment, the taxpayer may elect to
	644	+	25 calculate the true tax value of all of that property as special integrated
	645	+	26 steel mill or oil refinery/petrochemical equipment. The true tax value
	646	+	27 of property for which an election is made under this subsection is
	647	+	28 calculated under subsections (c) through (g).
	648	+	29 SECTION 9. IC 6-1.1-3-23.5, AS AMENDED BY P.L.236-2023,
	649	+	30 SECTION 13, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	650	+	31 JANUARY 1, 2025 (RETROACTIVE)]: Sec. 23.5. (a) For purposes of
	651	+	32 this section:
	652	+	33 (1) "adjusted cost" has the meaning set forth in section 23(b)(1)
	653	+	34 of this chapter;
	654	+	35 (2) "depreciable personal property" has the meaning set forth in
	655	+	36 section 23(b)(2) of this chapter;
	656	+	37 (3) "mini-mill" means a person, including a subsidiary of a
	657	+	38 corporation, that produces steel using an electric arc furnace in
	658	+	39 Indiana;
	659	+	40 (4) "permanently retired depreciable personal property" has the
	660	+	41 meaning set forth in section 23(b)(5) of this chapter;
	661	+	42 (5) "pool" has the meaning set forth in section 23(b)(6) of this
	662	+	ES 1—LS 7244/DI 120 13
	663	+	1 chapter;
	664	+	2 (6) "mini-mill equipment" means depreciable personal property,
	665	+	3 other than special tools and permanently retired depreciable
	666	+	4 personal property, that is owned, leased, or used by a mini-mill or
	667	+	5 an entity that is at least fifty percent (50%) owned by an affiliate
	668	+	6 of a mini-mill in the production of steel;
	669	+	7 (7) "special tools" has the meaning set forth in section 23(b)(8) of
	670	+	8 this chapter; and
	671	+	9 (8) "year of acquisition" for purposes of applying the table in
	672	+	10 section 23(c) of this chapter, has the meaning set forth in section
	673	+	11 23(b)(9) of this chapter.
	674	+	12 (b) Notwithstanding 50 IAC 4.2-4-4, 50 IAC 4.2-4-6, and 50
	675	+	13 IAC 4.2-4-7, beginning with the January 1, 2023, assessment date, a
	676	+	14 taxpayer may elect to calculate the true tax value of the taxpayer's
	677	+	15 mini-mill equipment by multiplying the adjusted cost of that equipment
	678	+	16 by the applicable percentage set forth in the table designated as "Pool
	679	+	17 No. 5" under section 23(c) and 23(d) of this chapter.
	680	+	18 (c) The percentage factors in the table under section 23(c) of this
	681	+	19 chapter automatically reflect all adjustments for depreciation and
	682	+	20 obsolescence, including abnormal obsolescence, for mini-mill
	683	+	21 equipment. The equipment is entitled to all exemptions, credits, and
	684	+	22 deductions for which it qualifies.
	685	+	23 (d) The minimum valuation limitations under 50 IAC 4.2-4-9
	686	+	24 section 29 of this chapter do not apply to mini-mill equipment valued
	687	+	25 under this section. The value of the equipment is not included in the
	688	+	26 calculation of that minimum valuation limitation for the taxpayer's
	689	+	27 other assessable depreciable personal property in the taxing district.
	690	+	28 (e) An election to value mini-mill equipment under this section:
	691	+	29 (1) must be made by reporting the equipment under this section
	692	+	30 on a business personal property tax return;
	693	+	31 (2) applies to all of the taxpayer's mini-mill equipment located in
	694	+	32 the state (whether owned or leased, or used as an integrated part
	695	+	33 of the equipment); and
	696	+	34 (3) is binding on the taxpayer for the assessment date for which
	697	+	35 the election is made.
	698	+	36 The department of local government finance shall prescribe the forms
	699	+	37 to make the election beginning with the January 1, 2023, assessment
	700	+	38 date. Any mini-mill equipment acquired by a taxpayer that has made
	701	+	39 an election under this section is valued under this section.
	702	+	40 (f) If fifty percent (50%) or more of the adjusted cost of a taxpayer's
	703	+	41 property that would, notwithstanding this section, be reported in a pool
	704	+	42 other than "Pool No. 5" (as designated under section 23 of this chapter)
	705	+	ES 1—LS 7244/DI 120 14
	706	+	1 is attributable to mini-mill equipment, the taxpayer may elect to
	707	+	2 calculate the true tax value of all of that property as mini-mill
	708	+	3 equipment. The true tax value of property for which an election is made
	709	+	4 under this subsection is calculated under subsections (b) through (e).
	710	+	5 SECTION 10. IC 6-1.1-3-25, AS ADDED BY P.L.238-2017,
	711	+	6 SECTION 8, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	712	+	7 JANUARY 1, 2025 (RETROACTIVE)]: Sec. 25. (a) As used in this
	713	+	8 section, "district" refers to an entrepreneur and enterprise district
	714	+	9 designated under IC 5-28-15.5.
	715	+	10 (b) Notwithstanding section 22(b) of this chapter and
	716	+	11 IC 6-1.1-8-44(b), assessable depreciable personal property that:
	717	+	12 (1) is located in a district;
	718	+	13 (2) is placed in service in the district by the owner of the property
	719	+	14 after the designation of the district under IC 5-28-15.5; and
	720	+	15 (3) is used within the district by one (1) or more employees who
	721	+	16 perform the majority of their service within the district;
	722	+	17 is not subject to the valuation limitations in 50 IAC 4.2-4-9 section 29
	723	+	18 of this chapter or 50 IAC 5.1-6-9. IC 6-1.1-8-45.
	724	+	19 SECTION 11. IC 6-1.1-3-29 IS ADDED TO THE INDIANA CODE
	725	+	20 AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE
	726	+	21 JANUARY 1, 2025 (RETROACTIVE)]: Sec. 29. (a) This subsection
	727	+	22 applies only to a taxpayer's assessable depreciable personal
	728	+	23 property that is placed in service on or before January 1, 2025.
	729	+	24 Except as provided in subsections (b) and (c), for each assessment
	730	+	25 date, the total valuation of a taxpayer's assessable depreciable
	731	+	26 personal property in a single taxing district may not be less than
	732	+	27 thirty percent (30%) of the adjusted cost of all the taxpayer's
	733	+	28 assessable depreciable personal property in the taxing district.
	734	+	29 (b) The limitation set forth in subsection (a) is to be applied
	735	+	30 before any special adjustment for abnormal obsolescence. The
	736	+	31 limitation does not apply to equipment not placed in service,
	737	+	32 special tooling, and permanently retired depreciable personal
	738	+	33 property.
	739	+	34 (c) Depreciable personal property that is placed in service after
	740	+	35 January 1, 2025, is not subject to the minimum valuation limitation
	741	+	36 under this section. However, if depreciable personal property is
	742	+	37 placed in service after January 1, 2025, and:
	743	+	38 (1) is located in an existing tax increment allocation area for
	744	+	39 which the base assessed value is determined before January
	745	+	40 1, 2025; or
	746	+	41 (2) property tax revenue that is attributable to the depreciable
	747	+	42 personal property is pledged as payment for bonds, leases, or
	748	+	ES 1—LS 7244/DI 120 15
	749	+	1 other obligations;
	750	+	2 the depreciable personal property remains subject to the minimum
	751	+	3 valuation limitations under this section.
	752	+	4 SECTION 12. IC 6-1.1-4-4.5, AS AMENDED BY P.L.8-2022,
	753	+	5 SECTION 1, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	754	+	6 JANUARY 1, 2025 (RETROACTIVE)]: Sec. 4.5. (a) The department
	755	+	7 of local government finance shall adopt rules establishing a system for
	756	+	8 annually adjusting the assessed value of real property to account for
	757	+	9 changes in value in those years since a reassessment under section 4.2
	758	+	10 of this chapter for the property last took effect.
	759	+	11 (b) Subject to subsection (f), the system must be applied to adjust
	760	+	12 assessed values beginning with the 2006 assessment date and each year
	761	+	13 thereafter that is not a year in which a reassessment under section 4.2
	762	+	14 of this chapter for the property becomes effective.
	763	+	15 (c) The rules adopted under subsection (a) must include the
	764	+	16 following characteristics in the system:
	765	+	17 (1) Promote uniform and equal assessment of real property within
	766	+	18 and across classifications.
	767	+	19 (2) Require that assessing officials:
	768	+	20 (A) reevaluate the factors that affect value;
	769	+	21 (B) express the interactions of those factors mathematically;
	770	+	22 (C) use mass appraisal techniques to estimate updated property
	771	+	23 values within statistical measures of accuracy; and
	772	+	24 (D) provide notice to taxpayers of an assessment increase that
	773	+	25 results from the application of annual adjustments.
	774	+	26 (3) Prescribe procedures that permit the application of the
	775	+	27 adjustment percentages in an efficient manner by assessing
	776	+	28 officials.
	777	+	29 (d) The department of local government finance must review and
	778	+	30 certify each annual adjustment determined under this section.
	779	+	31 (e) For an assessment beginning after December 31, 2022,
	780	+	32 agricultural improvements such as but not limited to barns, grain bins,
	781	+	33 or silos on land assessed as agricultural shall not be adjusted using
	782	+	34 factors, such as neighborhood delineation, that are appropriate for use
	783	+	35 in adjusting residential, commercial, and industrial real property. Those
	784	+	36 portions of agricultural parcels that include land and buildings not used
	785	+	37 for an agricultural purpose, such as homes, homesites, and excess
	786	+	38 residential land and commercial or industrial land and buildings, shall
	787	+	39 be adjusted by the factor or factors developed for other similar property
	788	+	40 within the geographic stratification. The residential portion of
	789	+	41 agricultural properties shall be adjusted by the factors applied to
	790	+	42 similar residential purposes.
	791	+	ES 1—LS 7244/DI 120 16
	792	+	1 (f) In making the annual determination of the base rate to satisfy the
	793	+	2 requirement for an annual adjustment for each assessment date, the
	794	+	3 department of local government finance shall, not later than March 1
	795	+	4 of each year, determine the base rate using the methodology reflected
	796	+	5 in Table 2-18 of Book 1, Chapter 2 of the department of local
	797	+	6 government finance's Real Property Assessment Guidelines (as in
	798	+	7 effect on January 1, 2005), except that the department shall adjust the
	799	+	8 methodology as follows:
	800	+	9 (1) Use a six (6) year rolling average adjusted under subdivision
	801	+	10 (3) instead of a four (4) year rolling average.
	802	+	11 (2) Use the data from the six (6) most recent years preceding the
	803	+	12 year in which the assessment date occurs for which data is
	804	+	13 available, before one (1) of those six (6) years is eliminated under
	805	+	14 subdivision (3) when determining the rolling average.
	806	+	15 (3) Eliminate in the calculation of the rolling average the year
	807	+	16 among the six (6) years for which the highest market value in use
	808	+	17 of agricultural land is determined.
	809	+	18 (4) After determining a preliminary base rate that would apply for
	810	+	19 the assessment date without applying the adjustment under this
	811	+	20 subdivision, the department of local government finance shall
	812	+	21 adjust the preliminary base rate as follows:
	813	+	22 (A) If the preliminary base rate for the assessment date would
	814	+	23 be at least ten percent (10%) greater than the final base rate
	815	+	24 determined for the preceding assessment date, a capitalization
	816	+	25 rate of:
	817	+	26 (i) for purposes of determining the preliminary base rate
	818	+	27 for the January 1, 2025, and the January 1, 2026,
	819	+	28 assessment dates, nine percent (9%); and
	820	+	29 (ii) for purposes of determining the preliminary base
	821	+	30 rate for assessment dates before January 1, 2025, and for
	822	+	31 assessment dates after December 31, 2026, eight percent
	823	+	32 (8%);
	824	+	33 shall be used to determine the final base rate.
	825	+	34 (B) If the preliminary base rate for the assessment date would
	826	+	35 be at least ten percent (10%) less than the final base rate
	827	+	36 determined for the preceding assessment date, a capitalization
	828	+	37 rate of six percent (6%) shall be used to determine the final
	829	+	38 base rate.
	830	+	39 (C) If neither clause (A) nor clause (B) applies, a capitalization
	831	+	40 rate of seven percent (7%) shall be used to determine the final
	832	+	41 base rate.
	833	+	42 (D) In the case of a market value in use for a year that is used
	834	+	ES 1—LS 7244/DI 120 17
	835	+	1 in the calculation of the six (6) year rolling average under
	836	+	2 subdivision (1) for purposes of determining the base rate for
	837	+	3 the assessment date:
	838	+	4 (i) that market value in use shall be recalculated by using the
	839	+	5 capitalization rate determined under clauses (A) through (C)
	840	+	6 for the calculation of the base rate for the assessment date;
	841	+	7 and
	842	+	8 (ii) the market value in use recalculated under item (i) shall
	843	+	9 be used in the calculation of the six (6) year rolling average
	844	+	10 under subdivision (1).
	845	+	11 (g) For assessment dates after December 31, 2009, an adjustment in
	846	+	12 the assessed value of real property under this section shall be based on
	847	+	13 the estimated true tax value of the property on the assessment date that
	848	+	14 is the basis for taxes payable on that real property.
	849	+	15 (h) The department shall release the department's annual
	850	+	16 determination of the base rate on or before March 1 of each year.
	851	+	17 SECTION 13. IC 6-1.1-8-44, AS AMENDED BY P.L.38-2021,
	852	+	18 SECTION 19, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	853	+	19 JANUARY 1, 2025 (RETROACTIVE)]: Sec. 44. (a) Except to the
	854	+	20 extent that it conflicts with a statute and subject to subsection (f), 50
	855	+	21 IAC 5.1 (as in effect January 1, 2001), which was formerly
	856	+	22 incorporated by reference into this section, is reinstated as a rule.
	857	+	23 (b) Tangible personal property within the scope of 50 IAC 5.1 (as
	858	+	24 in effect January 1, 2001) shall be assessed on the assessment dates in
	859	+	25 calendar years 2003 and thereafter in conformity with 50 IAC 5.1 (as
	860	+	26 in effect January 1, 2001).
	861	+	27 (c) The publisher of the Indiana Administrative Code shall publish
	862	+	28 50 IAC 5.1 (as in effect January 1, 2001) in the Indiana Administrative
	863	+	29 Code.
	864	+	30 (d) 50 IAC 5.2 and any other rule to the extent that it conflicts with
	865	+	31 this section is void.
	866	+	32 (e) A reference in 50 IAC 5.1 to a governmental entity that has been
	867	+	33 terminated or a statute that has been repealed or amended shall be
	868	+	34 treated as a reference to its successor.
	869	+	35 (f) The department of local government finance may not amend or
	870	+	36 repeal the following (all as in effect January 1, 2001):
	871	+	37 (1) 50 IAC 5.1-6-6.
	872	+	38 (2) 50 IAC 5.1-6-7.
	873	+	39 (3) 50 IAC 5.1-6-8.
	874	+	40 (4) 50 IAC 5.1-6-9.
	875	+	41 (5) 50 IAC 5.1-8-1.
	876	+	42 (6) 50 IAC 5.1-9-1.
	877	+	ES 1—LS 7244/DI 120 18
	878	+	1 (7) 50 IAC 5.1-9-2.
	879	+	2 However, the department of local government finance may amend
	880	+	3 these rules to reflect statutory changes.
	881	+	4 (g) Notwithstanding any other provision of this section, the
	882	+	5 department of local government finance shall adopt rules
	883	+	6 amending 50 IAC 5.1 to reflect the enactment of section 45 of this
	884	+	7 chapter.
	885	+	8 SECTION 14. IC 6-1.1-8-45 IS ADDED TO THE INDIANA CODE
	886	+	9 AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE
	887	+	10 JANUARY 1, 2025 (RETROACTIVE)]: Sec. 45. (a) This subsection
	888	+	11 applies only to a taxpayer's assessable depreciable personal
	889	+	12 property that is placed in service on or before January 1, 2025.
	890	+	13 Except as provided in subsections (b) and (c), for each assessment
	891	+	14 date, the total valuation of a taxpayer's assessable depreciable
	892	+	15 personal property in a single taxing district may not be less than
	893	+	16 thirty percent (30%) of the adjusted cost of all the taxpayer's
	894	+	17 assessable depreciable property in the taxing district.
	895	+	18 (b) The limitation set forth in subsection (a) is to be applied
	896	+	19 before any special adjustment for abnormal obsolescence. The
	897	+	20 limitation does not apply to equipment not placed in service,
	898	+	21 special tooling, and permanently retired depreciable personal
	899	+	22 property.
	900	+	23 (c) Depreciable personal property that is placed in service after
	901	+	24 January 1, 2025, is not subject to the minimum valuation limitation
	902	+	25 under this section. However, if depreciable personal property is
	903	+	26 placed in service after January 1, 2025, and:
	904	+	27 (1) is located in an existing tax increment allocation area for
	905	+	28 which the base assessed value is determined before January
	906	+	29 1, 2025; or
	907	+	30 (2) property tax revenue that is attributable to the depreciable
	908	+	31 personal property is pledged as payment for bonds, leases, or
	909	+	32 other obligations;
	910	+	33 the depreciable personal property remains subject to the minimum
	911	+	34 valuation limitations under this section.
	912	+	35 SECTION 15. IC 6-1.1-10.3-2 IS REPEALED [EFFECTIVE JULY
	913	+	36 1, 2027]. Sec. 2. As used in this chapter, "local income tax council"
	914	+	37 refers to the local income tax council established by IC 6-3.6-3-1 for a
	915	+	38 county.
	916	+	39 SECTION 16. IC 6-1.1-10.3-3, AS AMENDED BY P.L.197-2016,
	917	+	40 SECTION 9, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	918	+	41 JULY 1, 2027]: Sec. 3. As used in this chapter, "exemption ordinance"
	919	+	42 refers to an ordinance adopted under section 5 of this chapter by a local
	920	+	ES 1—LS 7244/DI 120 19
	921	+	1 income tax council (before July 1, 2027) or by a county adopting
	922	+	2 body specified in IC 6-3.6-3-1(a) (after June 30, 2027).
	923	+	3 SECTION 17. IC 6-1.1-10.3-5, AS AMENDED BY P.L.197-2016,
	924	+	4 SECTION 10, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	925	+	5 JULY 1, 2027]: Sec. 5. (a) A local income tax council county adopting
	926	+	6 body specified in IC 6-3.6-3-1(a) may adopt an exemption ordinance
	927	+	7 that exempts new personal property located in the county from property
	928	+	8 taxation as provided in section 6 of this chapter.
	929	+	9 (b) For purposes of adopting an exemption ordinance under this
	930	+	10 chapter, a local income tax council is comprised of the same members
	931	+	11 as the local income tax council that is established by IC 6-3.6-3-1 for
	932	+	12 the county, regardless of whether a local income tax is in effect in the
	933	+	13 county and regardless of how the local income tax in effect in the
	934	+	14 county is allocated. Except as provided in this chapter, the local income
	935	+	15 tax council county adopting body shall use the same procedures that
	936	+	16 apply to county adopting bodies under IC 6-3.6-3 when acting under
	937	+	17 this chapter.
	938	+	18 (c) Before adopting an exemption ordinance under this section, a
	939	+	19 local income tax council county adopting body must conduct a public
	940	+	20 hearing on the proposed exemption ordinance. The local income tax
	941	+	21 council county adopting body must publish notice of the public
	942	+	22 hearing in accordance with IC 5-3-1.
	943	+	23 (d) The local income tax council county adopting body shall
	944	+	24 provide a certified copy of an adopted exemption ordinance to the
	945	+	25 department of local government finance and the county auditor.
	946	+	26 SECTION 18. IC 6-1.1-10.3-7, AS AMENDED BY P.L.197-2016,
	947	+	27 SECTION 11, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	948	+	28 JULY 1, 2027]: Sec. 7. A local income tax council county adopting
	949	+	29 body specified in IC 6-3.6-3-1(a) may repeal or amend an exemption
	950	+	30 ordinance. However, if a local income tax council county adopting
	951	+	31 body repeals or amends an exemption ordinance, any new personal
	952	+	32 property that was exempt under the exemption ordinance on the date
	953	+	33 the new personal property was placed into service by a taxpayer
	954	+	34 remains exempt from property taxation, regardless of whether or not
	955	+	35 the ownership of the new personal property changes after the date the
	956	+	36 exemption ordinance is amended or repealed.
	957	+	37 SECTION 19. IC 6-1.1-12-0.7, AS AMENDED BY P.L.99-2007,
	958	+	38 SECTION 21, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	959	+	39 JULY 1, 2025]: Sec. 0.7. Any individual who is sixty-five (65) years of
	960	+	40 age, is blind, or has a disability (within the meaning of section 11 of
	961	+	41 this chapter, before its expiration) may appoint an individual eighteen
	962	+	42 (18) years of age or older to act on the individual's behalf for purposes
	963	+	ES 1—LS 7244/DI 120 20
	964	+	1 of filing property tax deduction statements for any deductions provided
	965	+	2 by this chapter. If a statement is filed by an appointee, the appointee's
	966	+	3 name, address, and telephone number must be included in the
	967	+	4 statement.
	968	+	5 SECTION 20. IC 6-1.1-12-9, AS AMENDED BY P.L.239-2023,
	969	+	6 SECTION 1, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	970	+	7 JANUARY 1, 2025 (RETROACTIVE)]: Sec. 9. (a) An individual may
	971	+	8 obtain a deduction from the assessed value of the individual's real
	972	+	9 property, or mobile home or manufactured home which is not assessed
	973	+	10 as real property, if:
	974	+	11 (1) the individual is at least sixty-five (65) years of age on or
	975	+	12 before December 31 of the calendar year preceding the year in
	976	+	13 which the deduction is claimed;
	977	+	14 (2) for assessment dates before January 1, 2020, the combined
	978	+	15 adjusted gross income (as defined in Section 62 of the Internal
	979	+	16 Revenue Code) of:
	980	+	17 (A) the individual and the individual's spouse; or
	981	+	18 (B) the individual and all other individuals with whom:
	982	+	19 (i) the individual shares ownership; or
	983	+	20 (ii) the individual is purchasing the property under a
	984	+	21 contract;
	985	+	22 as joint tenants or tenants in common;
	986	+	23 for the calendar year preceding the year in which the deduction is
	987	+	24 claimed did not exceed twenty-five thousand dollars ($25,000);
	988	+	25 (3) for assessment dates after December 31, 2019:
	989	+	26 (A) the individual had, in the case of an individual who filed
	990	+	27 a single return, adjusted gross income (as defined in Section
	991	+	28 62 of the Internal Revenue Code) not exceeding thirty
	992	+	29 thousand dollars ($30,000), and beginning for the January 1,
	993	+	30 2023, assessment date, and each assessment date thereafter,
	994	+	31 adjusted annually by an amount equal to the percentage cost
	995	+	32 of living increase applied for Social Security benefits for the
	996	+	33 immediately preceding calendar year;
	997	+	34 (B) the individual had, in the case of an individual who filed
	998	+	35 a joint income tax return with the individual's spouse,
	999	+	36 combined adjusted gross income (as defined in Section 62 of
	1000	+	37 the Internal Revenue Code) not exceeding forty thousand
	1001	+	38 dollars ($40,000), and beginning for the January 1, 2023,
	1002	+	39 assessment date, and each assessment date thereafter, adjusted
	1003	+	40 annually by an amount equal to the percentage cost of living
	1004	+	41 increase applied for Social Security benefits for the
	1005	+	42 immediately preceding calendar year; or
	1006	+	ES 1—LS 7244/DI 120 21
	1007	+	1 (C) the combined adjusted gross income (as defined in Section
	1008	+	2 62 of the Internal Revenue Code) of the individual and all
	1009	+	3 other individuals with whom:
	1010	+	4 (i) the individual shares ownership; or
	1011	+	5 (ii) the individual is purchasing the property under a
	1012	+	6 contract;
	1013	+	7 as joint tenants or tenants in common did not exceed forty
	1014	+	8 thousand dollars ($40,000), and beginning for the January 1,
	1015	+	9 2023, assessment date, and each assessment date thereafter,
	1016	+	10 adjusted annually by an amount equal to the percentage cost
	1017	+	11 of living increase applied for Social Security benefits for the
	1018	+	12 immediately preceding calendar year;
	1019	+	13 for the calendar year preceding by two (2) years the calendar year
	1020	+	14 in which the property taxes are first due and payable;
	1021	+	15 (4) the individual has owned the real property, mobile home, or
	1022	+	16 manufactured home for at least one (1) year before claiming the
	1023	+	17 deduction; or the individual has been buying the real property,
	1024	+	18 mobile home, or manufactured home under a contract that
	1025	+	19 provides that the individual is to pay the property taxes on the real
	1026	+	20 property, mobile home, or manufactured home for at least one (1)
	1027	+	21 year before claiming the deduction, and the contract or a
	1028	+	22 memorandum of the contract is recorded in the county recorder's
	1029	+	23 office;
	1030	+	24 (5) for assessment dates:
	1031	+	25 (A) before January 1, 2020, the individual and any individuals
	1032	+	26 covered by subdivision (2)(B) reside on the real property,
	1033	+	27 mobile home, or manufactured home; or
	1034	+	28 (B) after December 31, 2019, the individual and any
	1035	+	29 individuals covered by subdivision (3)(C) reside on the real
	1036	+	30 property, mobile home, or manufactured home;
	1037	+	31 (6) except as provided in subsection (i), the assessed value of the
	1038	+	32 real property, mobile home, or manufactured home does not
	1039	+	33 exceed two hundred forty thousand dollars ($240,000);
	1040	+	34 (7) the individual receives no other property tax deduction for the
	1041	+	35 year in which the deduction is claimed, except the deductions
	1042	+	36 provided by sections 37, (for assessment dates after February 28,
	1043	+	37 2008) 37.5, and 38 of this chapter; and
	1044	+	38 (8) the person:
	1045	+	39 (A) owns the real property, mobile home, or manufactured
	1046	+	40 home; or
	1047	+	41 (B) is buying the real property, mobile home, or manufactured
	1048	+	42 home under contract;
	1049	+	ES 1—LS 7244/DI 120 22
	1050	+	1 on the date the statement required by section 10.1 of this chapter
	1051	+	2 is filed.
	1052	+	3 For purposes of applying the annual cost of living increases described
	1053	+	4 in subdivision (3)(A) through (3)(C), the annual percentage increase is
	1054	+	5 applied to the adjusted amount of income from the immediately
	1055	+	6 preceding year.
	1056	+	7 (b) Except as provided in subsection (h), in the case of real property,
	1057	+	8 an individual's deduction under this section equals the lesser of:
	1058	+	9 (1) one-half (1/2) of the assessed value of the real property; or
	1059	+	10 (2) fourteen thousand dollars ($14,000).
	1060	+	11 (c) Except as provided in subsection (h) and section 40.5 of this
	1061	+	12 chapter, in the case of a mobile home that is not assessed as real
	1062	+	13 property or a manufactured home which is not assessed as real
	1063	+	14 property, an individual's deduction under this section equals the lesser
	1064	+	15 of:
	1065	+	16 (1) one-half (1/2) of the assessed value of the mobile home or
	1066	+	17 manufactured home; or
	1067	+	18 (2) fourteen thousand dollars ($14,000).
	1068	+	19 (d) An individual may not be denied the deduction provided under
	1069	+	20 this section because the individual is absent from the real property,
	1070	+	21 mobile home, or manufactured home while in a nursing home or
	1071	+	22 hospital.
	1072	+	23 (e) For purposes of this section, if real property, a mobile home, or
	1073	+	24 a manufactured home is owned by:
	1074	+	25 (1) tenants by the entirety;
	1075	+	26 (2) joint tenants; or
	1076	+	27 (3) tenants in common;
	1077	+	28 only one (1) deduction may be allowed. However, the age requirement
	1078	+	29 is satisfied if any one (1) of the tenants is at least sixty-five (65) years
	1079	+	30 of age.
	1080	+	31 (f) A surviving spouse is entitled to the deduction provided by this
	1081	+	32 section if:
	1082	+	33 (1) the surviving spouse is at least sixty (60) years of age on or
	1083	+	34 before December 31 of the calendar year preceding the year in
	1084	+	35 which the deduction is claimed;
	1085	+	36 (2) the surviving spouse's deceased husband or wife was at least
	1086	+	37 sixty-five (65) years of age at the time of a death;
	1087	+	38 (3) the surviving spouse has not remarried; and
	1088	+	39 (4) the surviving spouse satisfies the requirements prescribed in
	1089	+	40 subsection (a)(2) through (a)(8).
	1090	+	41 (g) An individual who has sold real property to another person
	1091	+	42 under a contract that provides that the contract buyer is to pay the
	1092	+	ES 1—LS 7244/DI 120 23
	1093	+	1 property taxes on the real property may not claim the deduction
	1094	+	2 provided under this section against that real property.
	1095	+	3 (h) In the case of tenants covered by subsection (a)(2)(B) or
	1096	+	4 (a)(3)(C), if all of the tenants are not at least sixty-five (65) years of
	1097	+	5 age, the deduction allowed under this section shall be reduced by an
	1098	+	6 amount equal to the deduction multiplied by a fraction. The numerator
	1099	+	7 of the fraction is the number of tenants who are not at least sixty-five
	1100	+	8 (65) years of age, and the denominator is the total number of tenants.
	1101	+	9 (i) For purposes of determining the assessed value of the real
	1102	+	10 property, mobile home, or manufactured home under subsection (a)(6)
	1103	+	11 for an individual who has received a deduction under this section in a
	1104	+	12 previous year, increases in assessed value that occur after the later of:
	1105	+	13 (1) December 31, 2019; or
	1106	+	14 (2) the first year that the individual has received the deduction;
	1107	+	15 are not considered unless the increase in assessed value is attributable
	1108	+	16 to substantial renovation or new improvements. Where there is an
	1109	+	17 increase in assessed value for purposes of the deduction under this
	1110	+	18 section, the assessor shall provide a report to the county auditor
	1111	+	19 describing the substantial renovation or new improvements, if any, that
	1112	+	20 were made to the property prior to the increase in assessed value.
	1113	+	21 (j) This section applies only to property taxes imposed for an
	1114	+	22 assessment date before January 1, 2025.
	1115	+	23 (k) This section expires January 1, 2027.
	1116	+	24 SECTION 21. IC 6-1.1-12-10.1, AS AMENDED BY P.L.136-2024,
	1117	+	25 SECTION 6, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	1118	+	26 JANUARY 1, 2025 (RETROACTIVE)]: Sec. 10.1. (a) Except as
	1119	+	27 provided in section 17.8 of this chapter and subject to section 45 of this
	1120	+	28 chapter, an individual who desires to claim the deduction provided by
	1121	+	29 section 9 of this chapter must file a sworn statement, on forms
	1122	+	30 prescribed by the department of local government finance, with the
	1123	+	31 auditor of the county in which the real property, mobile home, or
	1124	+	32 manufactured home is located. To obtain the deduction for a desired
	1125	+	33 calendar year in which property taxes are first due and payable, the
	1126	+	34 statement must be completed, dated, and filed with the county auditor
	1127	+	35 on or before January 15 of the calendar year in which the property taxes
	1128	+	36 are first due and payable. The statement may be filed in person or by
	1129	+	37 mail. If mailed, the mailing must be postmarked on or before the last
	1130	+	38 day for filing.
	1131	+	39 (b) The statement referred to in subsection (a) shall be in affidavit
	1132	+	40 form or require verification under penalties of perjury. The statement
	1133	+	41 must be filed in duplicate if the applicant owns, or is buying under a
	1134	+	42 contract, real property, a mobile home, or a manufactured home subject
	1135	+	ES 1—LS 7244/DI 120 24
	1136	+	1 to assessment in more than one (1) county or in more than one (1)
	1137	+	2 taxing district in the same county. The statement shall contain:
	1138	+	3 (1) the source and exact amount of gross income received by the
	1139	+	4 individual and the individual's spouse during the preceding
	1140	+	5 calendar year;
	1141	+	6 (2) the description and assessed value of the real property, mobile
	1142	+	7 home, or manufactured home;
	1143	+	8 (3) the individual's full name and complete residence address;
	1144	+	9 (4) the record number and page where the contract or
	1145	+	10 memorandum of the contract is recorded if the individual is
	1146	+	11 buying the real property, mobile home, or manufactured home on
	1147	+	12 contract; and
	1148	+	13 (5) any additional information which the department of local
	1149	+	14 government finance may require.
	1150	+	15 (c) In order to substantiate the deduction statement, the applicant
	1151	+	16 shall submit for inspection by the county auditor a copy of the
	1152	+	17 applicant's and a copy of the applicant's spouse's income tax returns
	1153	+	18 that were originally due in the calendar year immediately preceding the
	1154	+	19 desired calendar year in which the property taxes are first due and
	1155	+	20 payable and for which the applicant and the applicant's spouse desire
	1156	+	21 to claim the deduction. If either was not required to file an income tax
	1157	+	22 return, the applicant shall subscribe to that fact in the deduction
	1158	+	23 statement.
	1159	+	24 (d) This section applies only to property taxes imposed for an
	1160	+	25 assessment date before January 1, 2025.
	1161	+	26 (e) This section expires January 1, 2027.
	1162	+	27 SECTION 22. IC 6-1.1-12-11, AS AMENDED BY P.L.148-2015,
	1163	+	28 SECTION 6, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	1164	+	29 JANUARY 1, 2025 (RETROACTIVE)]: Sec. 11. (a) Except as
	1165	+	30 provided in section 40.5 of this chapter, an individual may have the
	1166	+	31 sum of twelve thousand four hundred eighty dollars ($12,480) deducted
	1167	+	32 from the assessed value of real property, mobile home not assessed as
	1168	+	33 real property, or manufactured home not assessed as real property that
	1169	+	34 the individual owns, or that the individual is buying under a contract
	1170	+	35 that provides that the individual is to pay property taxes on the real
	1171	+	36 property, mobile home, or manufactured home, if the contract or a
	1172	+	37 memorandum of the contract is recorded in the county recorder's office,
	1173	+	38 and if:
	1174	+	39 (1) the individual is blind or the individual has a disability;
	1175	+	40 (2) the real property, mobile home, or manufactured home is
	1176	+	41 principally used and occupied by the individual as the individual's
	1177	+	42 residence;
	1178	+	ES 1—LS 7244/DI 120 25
	1179	+	1 (3) the individual's taxable gross income for the calendar year
	1180	+	2 preceding the year in which the deduction is claimed did not
	1181	+	3 exceed seventeen thousand dollars ($17,000); and
	1182	+	4 (4) the individual:
	1183	+	5 (A) owns the real property, mobile home, or manufactured
	1184	+	6 home; or
	1185	+	7 (B) is buying the real property, mobile home, or manufactured
	1186	+	8 home under contract;
	1187	+	9 on the date the statement required by section 12 of this chapter is
	1188	+	10 filed.
	1189	+	11 (b) For purposes of this section, taxable gross income does not
	1190	+	12 include income which is not taxed under the federal income tax laws.
	1191	+	13 (c) For purposes of this section, "blind" has the same meaning as the
	1192	+	14 definition contained in IC 12-7-2-21(1).
	1193	+	15 (d) For purposes of this section, "individual with a disability" means
	1194	+	16 a person unable to engage in any substantial gainful activity by reason
	1195	+	17 of a medically determinable physical or mental impairment which:
	1196	+	18 (1) can be expected to result in death; or
	1197	+	19 (2) has lasted or can be expected to last for a continuous period of
	1198	+	20 not less than twelve (12) months.
	1199	+	21 (e) An individual with a disability filing a claim under this section
	1200	+	22 shall submit proof of the disability. Proof that a claimant is eligible to
	1201	+	23 receive disability benefits under the federal Social Security Act (42
	1202	+	24 U.S.C. 301 et seq.) shall constitute proof of disability for purposes of
	1203	+	25 this section.
	1204	+	26 (f) An individual with a disability not covered under the federal
	1205	+	27 Social Security Act shall be examined by a physician and the
	1206	+	28 individual's status as an individual with a disability determined by
	1207	+	29 using the same standards as used by the Social Security Administration.
	1208	+	30 The costs of this examination shall be borne by the claimant.
	1209	+	31 (g) An individual who has sold real property, a mobile home not
	1210	+	32 assessed as real property, or a manufactured home not assessed as real
	1211	+	33 property to another person under a contract that provides that the
	1212	+	34 contract buyer is to pay the property taxes on the real property, mobile
	1213	+	35 home, or manufactured home may not claim the deduction provided
	1214	+	36 under this section against that real property, mobile home, or
	1215	+	37 manufactured home.
	1216	+	38 (h) This section applies only to property taxes imposed for an
	1217	+	39 assessment date before January 1, 2025.
	1218	+	40 (i) This section expires January 1, 2027.
	1219	+	41 SECTION 23. IC 6-1.1-12-12, AS AMENDED BY P.L.136-2024,
	1220	+	42 SECTION 7, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	1221	+	ES 1—LS 7244/DI 120 26
	1222	+	1 JANUARY 1, 2025 (RETROACTIVE)]: Sec. 12. (a) Except as
	1223	+	2 provided in section 17.8 of this chapter and subject to section 45 of this
	1224	+	3 chapter, a person who desires to claim the deduction provided in
	1225	+	4 section 11 of this chapter must file an application, on forms prescribed
	1226	+	5 by the department of local government finance, with the auditor of the
	1227	+	6 county in which the real property, mobile home not assessed as real
	1228	+	7 property, or manufactured home not assessed as real property is
	1229	+	8 located. To obtain the deduction for a desired calendar year in which
	1230	+	9 property taxes are first due and payable, the application must be
	1231	+	10 completed, dated, and filed with the county auditor on or before
	1232	+	11 January 15 of the calendar year in which the property taxes are first due
	1233	+	12 and payable. The application may be filed in person or by mail. If
	1234	+	13 mailed, the mailing must be postmarked on or before the last day for
	1235	+	14 filing.
	1236	+	15 (b) Proof of blindness may be supported by:
	1237	+	16 (1) the records of the division of family resources or the division
	1238	+	17 of disability and rehabilitative services; or
	1239	+	18 (2) the written statement of a physician who is licensed by this
	1240	+	19 state and skilled in the diseases of the eye or of a licensed
	1241	+	20 optometrist.
	1242	+	21 (c) The application required by this section must contain the record
	1243	+	22 number and page where the contract or memorandum of the contract
	1244	+	23 is recorded if the individual is buying the real property, mobile home,
	1245	+	24 or manufactured home on a contract that provides that the individual
	1246	+	25 is to pay property taxes on the real property, mobile home, or
	1247	+	26 manufactured home.
	1248	+	27 (d) This section applies only to property taxes imposed for an
	1249	+	28 assessment date before January 1, 2025.
	1250	+	29 (e) This section expires January 1, 2027.
	1251	+	30 SECTION 24. IC 6-1.1-12-13, AS AMENDED BY
	1252	+	31 P.L.293-2013(ts), SECTION 1, IS AMENDED TO READ AS
	1253	+	32 FOLLOWS [EFFECTIVE JANUARY 1, 2025 (RETROACTIVE)]:
	1254	+	33 Sec. 13. (a) Except as provided in section 40.5 of this chapter, an
	1255	+	34 individual may have twenty-four thousand nine hundred sixty dollars
	1256	+	35 ($24,960) deducted from the assessed value of the taxable tangible
	1257	+	36 property that the individual owns, or real property, a mobile home not
	1258	+	37 assessed as real property, or a manufactured home not assessed as real
	1259	+	38 property that the individual is buying under a contract that provides
	1260	+	39 that the individual is to pay property taxes on the real property, mobile
	1261	+	40 home, or manufactured home, if the contract or a memorandum of the
	1262	+	41 contract is recorded in the county recorder's office and if:
	1263	+	42 (1) the individual served in the military or naval forces of the
	1264	+	ES 1—LS 7244/DI 120 27
	1265	+	1 United States during any of its wars;
	1266	+	2 (2) the individual received an honorable discharge;
	1267	+	3 (3) the individual has a disability with a service connected
	1268	+	4 disability of ten percent (10%) or more;
	1269	+	5 (4) the individual's disability is evidenced by:
	1270	+	6 (A) a pension certificate, an award of compensation, or a
	1271	+	7 disability compensation check issued by the United States
	1272	+	8 Department of Veterans Affairs; or
	1273	+	9 (B) a certificate of eligibility issued to the individual by the
	1274	+	10 Indiana department of veterans' affairs after the Indiana
	1275	+	11 department of veterans' affairs has determined that the
	1276	+	12 individual's disability qualifies the individual to receive a
	1277	+	13 deduction under this section; and
	1278	+	14 (5) the individual:
	1279	+	15 (A) owns the real property, mobile home, or manufactured
	1280	+	16 home; or
	1281	+	17 (B) is buying the real property, mobile home, or manufactured
	1282	+	18 home under contract;
	1283	+	19 on the date the statement required by section 15 of this chapter is
	1284	+	20 filed.
	1285	+	21 (b) The surviving spouse of an individual may receive the deduction
	1286	+	22 provided by this section if the individual satisfied the requirements of
	1287	+	23 subsection (a)(1) through (a)(4) at the time of death and the surviving
	1288	+	24 spouse satisfies the requirement of subsection (a)(5) at the time the
	1289	+	25 deduction statement is filed. The surviving spouse is entitled to the
	1290	+	26 deduction regardless of whether the property for which the deduction
	1291	+	27 is claimed was owned by the deceased veteran or the surviving spouse
	1292	+	28 before the deceased veteran's death.
	1293	+	29 (c) One who receives the deduction provided by this section may not
	1294	+	30 receive the deduction provided by section 16 of this chapter. However,
	1295	+	31 the individual may receive any other property tax deduction which the
	1296	+	32 individual is entitled to by law.
	1297	+	33 (d) An individual who has sold real property, a mobile home not
	1298	+	34 assessed as real property, or a manufactured home not assessed as real
	1299	+	35 property to another person under a contract that provides that the
	1300	+	36 contract buyer is to pay the property taxes on the real property, mobile
	1301	+	37 home, or manufactured home may not claim the deduction provided
	1302	+	38 under this section against that real property, mobile home, or
	1303	+	39 manufactured home.
	1304	+	40 (e) This section applies only to property taxes imposed for an
	1305	+	41 assessment date before January 1, 2025.
	1306	+	42 (f) This section expires January 1, 2027.
	1307	+	ES 1—LS 7244/DI 120 28
	1308	+	1 SECTION 25. IC 6-1.1-12-14, AS AMENDED BY P.L.136-2024,
	1309	+	2 SECTION 8, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	1310	+	3 JANUARY 1, 2025 (RETROACTIVE)]: Sec. 14. (a) Except as
	1311	+	4 provided in subsection (c) and except as provided in section 40.5 of
	1312	+	5 this chapter, an individual may have the sum of fourteen thousand
	1313	+	6 dollars ($14,000) deducted from the assessed value of the real property,
	1314	+	7 mobile home not assessed as real property, or manufactured home not
	1315	+	8 assessed as real property that the individual owns (or the real property,
	1316	+	9 mobile home not assessed as real property, or manufactured home not
	1317	+	10 assessed as real property that the individual is buying under a contract
	1318	+	11 that provides that the individual is to pay property taxes on the real
	1319	+	12 property, mobile home, or manufactured home if the contract or a
	1320	+	13 memorandum of the contract is recorded in the county recorder's office)
	1321	+	14 if:
	1322	+	15 (1) the individual served in the military or naval forces of the
	1323	+	16 United States for at least ninety (90) days;
	1324	+	17 (2) the individual received an honorable discharge;
	1325	+	18 (3) the individual either:
	1326	+	19 (A) has a total disability; or
	1327	+	20 (B) is at least sixty-two (62) years old and has a disability of at
	1328	+	21 least ten percent (10%);
	1329	+	22 (4) the individual's disability is evidenced by:
	1330	+	23 (A) a pension certificate or an award of compensation issued
	1331	+	24 by the United States Department of Veterans Affairs; or
	1332	+	25 (B) a certificate of eligibility issued to the individual by the
	1333	+	26 Indiana department of veterans' affairs after the Indiana
	1334	+	27 department of veterans' affairs has determined that the
	1335	+	28 individual's disability qualifies the individual to receive a
	1336	+	29 deduction under this section; and
	1337	+	30 (5) the individual:
	1338	+	31 (A) owns the real property, mobile home, or manufactured
	1339	+	32 home; or
	1340	+	33 (B) is buying the real property, mobile home, or manufactured
	1341	+	34 home under contract;
	1342	+	35 on the date the statement required by section 15 of this chapter is
	1343	+	36 filed.
	1344	+	37 (b) Except as provided in subsections (c) and (d), the surviving
	1345	+	38 spouse of an individual may receive the deduction provided by this
	1346	+	39 section if:
	1347	+	40 (1) the individual satisfied the requirements of subsection (a)(1)
	1348	+	41 through (a)(4) at the time of death; or
	1349	+	42 (2) the individual:
	1350	+	ES 1—LS 7244/DI 120 29
	1351	+	1 (A) was killed in action;
	1352	+	2 (B) died while serving on active duty in the military or naval
	1353	+	3 forces of the United States; or
	1354	+	4 (C) died while performing inactive duty training in the military
	1355	+	5 or naval forces of the United States; and
	1356	+	6 the surviving spouse satisfies the requirement of subsection (a)(5) at
	1357	+	7 the time the deduction statement is filed. The surviving spouse is
	1358	+	8 entitled to the deduction regardless of whether the property for which
	1359	+	9 the deduction is claimed was owned by the deceased veteran or the
	1360	+	10 surviving spouse before the deceased veteran's death.
	1361	+	11 (c) Except as provided in subsection (f), no one is entitled to the
	1362	+	12 deduction provided by this section if the assessed value of the
	1363	+	13 individual's Indiana real property, Indiana mobile home not assessed as
	1364	+	14 real property, and Indiana manufactured home not assessed as real
	1365	+	15 property, as shown by the tax duplicate, exceeds the assessed value
	1366	+	16 limit specified in subsection (d).
	1367	+	17 (d) Except as provided in subsection (f), for the:
	1368	+	18 (1) January 1, 2017, January 1, 2018, and January 1, 2019,
	1369	+	19 assessment dates, the assessed value limit for purposes of
	1370	+	20 subsection (c) is one hundred seventy-five thousand dollars
	1371	+	21 ($175,000);
	1372	+	22 (2) January 1, 2020, January 1, 2021, January 1, 2022, and
	1373	+	23 January 1, 2023, assessment dates, the assessed value limit for
	1374	+	24 purposes of subsection (c) is two hundred thousand dollars
	1375	+	25 ($200,000); and
	1376	+	26 (3) January 1, 2024, assessment date and for each assessment date
	1377	+	27 thereafter, the assessed value limit for purposes of subsection (c)
	1378	+	28 is two hundred forty thousand dollars ($240,000).
	1379	+	29 (e) An individual who has sold real property, a mobile home not
	1380	+	30 assessed as real property, or a manufactured home not assessed as real
	1381	+	31 property to another person under a contract that provides that the
	1382	+	32 contract buyer is to pay the property taxes on the real property, mobile
	1383	+	33 home, or manufactured home may not claim the deduction provided
	1384	+	34 under this section against that real property, mobile home, or
	1385	+	35 manufactured home.
	1386	+	36 (f) For purposes of determining the assessed value of the real
	1387	+	37 property, mobile home, or manufactured home under subsection (d) for
	1388	+	38 an individual who has received a deduction under this section in a
	1389	+	39 previous year, increases in assessed value that occur after the later of:
	1390	+	40 (1) December 31, 2019; or
	1391	+	41 (2) the first year that the individual has received the deduction;
	1392	+	42 are not considered unless the increase in assessed value is attributable
	1393	+	ES 1—LS 7244/DI 120 30
	1394	+	1 to substantial renovation or new improvements. Where there is an
	1395	+	2 increase in assessed value for purposes of the deduction under this
	1396	+	3 section, the assessor shall provide a report to the county auditor
	1397	+	4 describing the substantial renovation or new improvements, if any, that
	1398	+	5 were made to the property prior to the increase in assessed value.
	1399	+	6 (g) This section applies only to property taxes imposed for an
	1400	+	7 assessment date before January 1, 2025.
	1401	+	8 (h) This section expires January 1, 2027.
	1402	+	9 SECTION 26. IC 6-1.1-12-14.5, AS ADDED BY P.L.100-2016,
	1403	+	10 SECTION 2, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	1404	+	11 JANUARY 1, 2025 (RETROACTIVE)]: Sec. 14.5. (a) As used in this
	1405	+	12 section, "homestead" has the meaning set forth in IC 6-1.1-12-37.
	1406	+	13 section 37 of this chapter.
	1407	+	14 (b) An individual may claim a deduction from the assessed value of
	1408	+	15 the individual's homestead if:
	1409	+	16 (1) the individual served in the military or naval forces of the
	1410	+	17 United States for at least ninety (90) days;
	1411	+	18 (2) the individual received an honorable discharge;
	1412	+	19 (3) the individual has a disability of at least fifty percent (50%);
	1413	+	20 (4) the individual's disability is evidenced by:
	1414	+	21 (A) a pension certificate or an award of compensation issued
	1415	+	22 by the United States Department of Veterans Affairs; or
	1416	+	23 (B) a certificate of eligibility issued to the individual by the
	1417	+	24 Indiana department of veterans' affairs after the Indiana
	1418	+	25 department of veterans' affairs has determined that the
	1419	+	26 individual's disability qualifies the individual to receive a
	1420	+	27 deduction under this section; and
	1421	+	28 (5) the homestead was conveyed without charge to the individual
	1422	+	29 who is the owner of the homestead by an organization that is
	1423	+	30 exempt from income taxation under the federal Internal Revenue
	1424	+	31 Code.
	1425	+	32 (c) If an individual is entitled to a deduction from assessed value
	1426	+	33 under subsection (b) for the individual's homestead, the amount of the
	1427	+	34 deduction is determined as follows:
	1428	+	35 (1) If the individual is totally disabled, the deduction is equal to
	1429	+	36 one hundred percent (100%) of the assessed value of the
	1430	+	37 homestead.
	1431	+	38 (2) If the individual has a disability of at least ninety percent
	1432	+	39 (90%) but the individual is not totally disabled, the deduction is
	1433	+	40 equal to ninety percent (90%) of the assessed value of the
	1434	+	41 homestead.
	1435	+	42 (3) If the individual has a disability of at least eighty percent
	1436	+	ES 1—LS 7244/DI 120 31
	1437	+	1 (80%) but less than ninety percent (90%), the deduction is equal
	1438	+	2 to eighty percent (80%) of the assessed value of the homestead.
	1439	+	3 (4) If the individual has a disability of at least seventy percent
	1440	+	4 (70%) but less than eighty percent (80%), the deduction is equal
	1441	+	5 to seventy percent (70%) of the assessed value of the homestead.
	1442	+	6 (5) If the individual has a disability of at least sixty percent (60%)
	1443	+	7 but less than seventy percent (70%), the deduction is equal to
	1444	+	8 sixty percent (60%) of the assessed value of the homestead.
	1445	+	9 (6) If the individual has a disability of at least fifty percent (50%)
	1446	+	10 but less than sixty percent (60%), the deduction is equal to fifty
	1447	+	11 percent (50%) of the assessed value of the homestead.
	1448	+	12 (d) An individual who claims a deduction under this section for an
	1449	+	13 assessment date may not also claim a deduction under section 13 or 14
	1450	+	14 of this chapter (before their expiration) for that same assessment date.
	1451	+	15 (e) An individual who desires to claim the deduction under this
	1452	+	16 section must claim the deduction in the manner specified by the
	1453	+	17 department of local government finance.
	1454	+	18 SECTION 27. IC 6-1.1-12-15, AS AMENDED BY P.L.136-2024,
	1455	+	19 SECTION 9, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	1456	+	20 JANUARY 1, 2025 (RETROACTIVE)]: Sec. 15. (a) Except as
	1457	+	21 provided in section 17.8 of this chapter and subject to section 45 of this
	1458	+	22 chapter, an individual who desires to claim the deduction provided by
	1459	+	23 section 13 or 14 of this chapter must file a statement with the auditor
	1460	+	24 of the county in which the individual resides. To obtain the deduction
	1461	+	25 for a desired calendar year in which property taxes are first due and
	1462	+	26 payable, the statement must be completed, dated, and filed with the
	1463	+	27 county auditor on or before January 15 of the calendar year in which
	1464	+	28 the property taxes are first due and payable. The statement may be filed
	1465	+	29 in person or by mail. If mailed, the mailing must be postmarked on or
	1466	+	30 before the last day for filing. The statement shall contain a sworn
	1467	+	31 declaration that the individual is entitled to the deduction.
	1468	+	32 (b) In addition to the statement, the individual shall submit to the
	1469	+	33 county auditor for the auditor's inspection:
	1470	+	34 (1) a pension certificate, an award of compensation, or a disability
	1471	+	35 compensation check issued by the United States Department of
	1472	+	36 Veterans Affairs if the individual claims the deduction provided
	1473	+	37 by section 13 of this chapter;
	1474	+	38 (2) a pension certificate or an award of compensation issued by
	1475	+	39 the United States Department of Veterans Affairs if the individual
	1476	+	40 claims the deduction provided by section 14 of this chapter; or
	1477	+	41 (3) the appropriate certificate of eligibility issued to the individual
	1478	+	42 by the Indiana department of veterans' affairs if the individual
	1479	+	ES 1—LS 7244/DI 120 32
	1480	+	1 claims the deduction provided by section 13 or 14 of this chapter.
	1481	+	2 (c) If the individual claiming the deduction is under guardianship,
	1482	+	3 the guardian shall file the statement required by this section. If a
	1483	+	4 deceased veteran's surviving spouse is claiming the deduction, the
	1484	+	5 surviving spouse shall provide the documentation necessary to
	1485	+	6 establish that at the time of death the deceased veteran satisfied the
	1486	+	7 requirements of section 13(a)(1) through 13(a)(4) of this chapter,
	1487	+	8 section 14(a)(1) through 14(a)(4) of this chapter, or section 14(b)(2) of
	1488	+	9 this chapter, whichever applies.
	1489	+	10 (d) If the individual claiming a deduction under section 13 or 14 of
	1490	+	11 this chapter is buying real property, a mobile home not assessed as real
	1491	+	12 property, or a manufactured home not assessed as real property under
	1492	+	13 a contract that provides that the individual is to pay property taxes for
	1493	+	14 the real estate, mobile home, or manufactured home, the statement
	1494	+	15 required by this section must contain the record number and page
	1495	+	16 where the contract or memorandum of the contract is recorded.
	1496	+	17 (e) This section applies only to property taxes imposed for an
	1497	+	18 assessment date before January 1, 2025.
	1498	+	19 (f) This section expires January 1, 2027.
	1499	+	20 SECTION 28. IC 6-1.1-12-16, AS AMENDED BY P.L.1-2009,
	1500	+	21 SECTION 31, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	1501	+	22 JANUARY 1, 2025 (RETROACTIVE)]: Sec. 16. (a) Except as
	1502	+	23 provided in section 40.5 of this chapter, a surviving spouse may have
	1503	+	24 the sum of eighteen thousand seven hundred twenty dollars ($18,720)
	1504	+	25 deducted from the assessed value of his or her the surviving spouse's
	1505	+	26 tangible property, or real property, mobile home not assessed as real
	1506	+	27 property, or manufactured home not assessed as real property that the
	1507	+	28 surviving spouse is buying under a contract that provides that the
	1508	+	29 surviving spouse is to pay property taxes on the real property, mobile
	1509	+	30 home, or manufactured home, if the contract or a memorandum of the
	1510	+	31 contract is recorded in the county recorder's office, and if:
	1511	+	32 (1) the deceased spouse served in the military or naval forces of
	1512	+	33 the United States before November 12, 1918;
	1513	+	34 (2) the deceased spouse received an honorable discharge; and
	1514	+	35 (3) the surviving spouse:
	1515	+	36 (A) owns the real property, mobile home, or manufactured
	1516	+	37 home; or
	1517	+	38 (B) is buying the real property, mobile home, or manufactured
	1518	+	39 home under contract;
	1519	+	40 on the date the statement required by section 17 of this chapter is
	1520	+	41 filed.
	1521	+	42 (b) A surviving spouse who receives the deduction provided by this
	1522	+	ES 1—LS 7244/DI 120 33
	1523	+	1 section may not receive the deduction provided by section 13 of this
	1524	+	2 chapter. However, he or she the surviving spouse may receive any
	1525	+	3 other deduction which he or she the surviving spouse is entitled to by
	1526	+	4 law.
	1527	+	5 (c) An individual who has sold real property, a mobile home not
	1528	+	6 assessed as real property, or a manufactured home not assessed as real
	1529	+	7 property to another person under a contract that provides that the
	1530	+	8 contract buyer is to pay the property taxes on the real property, mobile
	1531	+	9 home, or manufactured home may not claim the deduction provided
	1532	+	10 under this section against that real property, mobile home, or
	1533	+	11 manufactured home.
	1534	+	12 (d) This section applies only to property taxes imposed for an
	1535	+	13 assessment date before January 1, 2025.
	1536	+	14 (e) This section expires January 1, 2027.
	1537	+	15 SECTION 29. IC 6-1.1-12-17, AS AMENDED BY P.L.136-2024,
	1538	+	16 SECTION 10, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	1539	+	17 JANUARY 1, 2025 (RETROACTIVE)]: Sec. 17. (a) Except as
	1540	+	18 provided in section 17.8 of this chapter and subject to section 45 of this
	1541	+	19 chapter, a surviving spouse who desires to claim the deduction
	1542	+	20 provided by section 16 of this chapter must file a statement with the
	1543	+	21 auditor of the county in which the surviving spouse resides. To obtain
	1544	+	22 the deduction for a desired calendar year in which property taxes are
	1545	+	23 first due and payable, the statement must be completed, dated, and filed
	1546	+	24 with the county auditor on or before January 15 of the calendar year in
	1547	+	25 which the property taxes are first due and payable. The statement may
	1548	+	26 be filed in person or by mail. If mailed, the mailing must be postmarked
	1549	+	27 on or before the last day for filing. The statement shall contain:
	1550	+	28 (1) a sworn statement that the surviving spouse is entitled to the
	1551	+	29 deduction; and
	1552	+	30 (2) the record number and page where the contract or
	1553	+	31 memorandum of the contract is recorded, if the individual is
	1554	+	32 buying the real property on a contract that provides that the
	1555	+	33 individual is to pay property taxes on the real property.
	1556	+	34 In addition to the statement, the surviving spouse shall submit to the
	1557	+	35 county auditor for the auditor's inspection a letter or certificate from the
	1558	+	36 United States Department of Veterans Affairs establishing the service
	1559	+	37 of the deceased spouse in the military or naval forces of the United
	1560	+	38 States before November 12, 1918.
	1561	+	39 (b) This section applies only to property taxes imposed for an
	1562	+	40 assessment date before January 1, 2025.
	1563	+	41 (c) This section expires January 1, 2027.
	1564	+	42 SECTION 30. IC 6-1.1-12-17.8, AS AMENDED BY THE
	1565	+	ES 1—LS 7244/DI 120 34
	1566	+	1 TECHNICAL CORRECTIONS BILL OF THE 2025 GENERAL
	1567	+	2 ASSEMBLY, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	1568	+	3 JANUARY 1, 2025 (RETROACTIVE)]: Sec. 17.8. (a) An individual
	1569	+	4 who receives a deduction provided under section 9 (before its
	1570	+	5 expiration), 11 (before its expiration), 13 (before its expiration), 14
	1571	+	6 (before its expiration), 16 (before its expiration), 17.4 (before its
	1572	+	7 expiration), or 37 of this chapter in a particular year and who remains
	1573	+	8 eligible for the deduction in the following year is not required to file a
	1574	+	9 statement to apply for the deduction in the following year. However, for
	1575	+	10 purposes of a deduction under section 37 of this chapter, the county
	1576	+	11 auditor may, in the county auditor's discretion, terminate the deduction
	1577	+	12 for assessment dates after January 15, 2012, if the individual does not
	1578	+	13 comply with the requirement in IC 6-1.1-22-8.1(b)(9) (expired January
	1579	+	14 1, 2015), as determined by the county auditor, before January 1, 2013.
	1580	+	15 Before the county auditor terminates the deduction because the
	1581	+	16 taxpayer claiming the deduction did not comply with the requirement
	1582	+	17 in IC 6-1.1-22-8.1(b)(9) (expired January 1, 2015) before January 1,
	1583	+	18 2013, the county auditor shall mail notice of the proposed termination
	1584	+	19 of the deduction to:
	1585	+	20 (1) the last known address of each person liable for any property
	1586	+	21 taxes or special assessment, as shown on the tax duplicate or
	1587	+	22 special assessment records; or
	1588	+	23 (2) the last known address of the most recent owner shown in the
	1589	+	24 transfer book.
	1590	+	25 (b) An individual who receives a deduction provided under section
	1591	+	26 9 (before its expiration), 11 (before its expiration), 13 (before its
	1592	+	27 expiration), 14 (before its expiration), 16 (before its expiration), or
	1593	+	28 17.4 (before its expiration) of this chapter in a particular year and who
	1594	+	29 becomes ineligible for the deduction in the following year shall notify
	1595	+	30 the auditor of the county in which the real property, mobile home, or
	1596	+	31 manufactured home for which the individual claims the deduction is
	1597	+	32 located of the individual's ineligibility in the year in which the
	1598	+	33 individual becomes ineligible. An individual who becomes ineligible
	1599	+	34 for a deduction under section 37 of this chapter shall notify the county
	1600	+	35 auditor of the county in which the property is located in conformity
	1601	+	36 with section 37 of this chapter.
	1602	+	37 (c) The auditor of each county shall, in a particular year, apply a
	1603	+	38 deduction provided under section 9 (before its expiration), 11 (before
	1604	+	39 its expiration), 13 (before its expiration), 14 (before its expiration),
	1605	+	40 16 (before its expiration), 17.4 (before its expiration), or 37 of this
	1606	+	41 chapter to each individual who received the deduction in the preceding
	1607	+	42 year unless the auditor determines that the individual is no longer
	1608	+	ES 1—LS 7244/DI 120 35
	1609	+	1 eligible for the deduction.
	1610	+	2 (d) An individual who receives a deduction provided under section
	1611	+	3 9 (before its expiration), 11 (before its expiration), 13 (before its
	1612	+	4 expiration), 14 (before its expiration), 16 (before its expiration),
	1613	+	5 17.4 (before its expiration), or 37 of this chapter for property that is
	1614	+	6 jointly held with another owner in a particular year and remains eligible
	1615	+	7 for the deduction in the following year is not required to file a
	1616	+	8 statement to reapply for the deduction following the removal of the
	1617	+	9 joint owner if:
	1618	+	10 (1) the individual is the sole owner of the property following the
	1619	+	11 death of the individual's spouse; or
	1620	+	12 (2) the individual is the sole owner of the property following the
	1621	+	13 death of a joint owner who was not the individual's spouse.
	1622	+	14 If a county auditor terminates a deduction under section 9 of this
	1623	+	15 chapter (before its expiration), a deduction under section 37 of this
	1624	+	16 chapter, or a credit under IC 6-1.1-20.6-8.5 after June 30, 2017, and
	1625	+	17 before May 1, 2019, because the taxpayer claiming the deduction or
	1626	+	18 credit did not comply with a requirement added to this subsection by
	1627	+	19 P.L.255-2017 to reapply for the deduction or credit, the county auditor
	1628	+	20 shall reinstate the deduction or credit if the taxpayer provides proof that
	1629	+	21 the taxpayer is eligible for the deduction or credit and is not claiming
	1630	+	22 the deduction or credit for any other property.
	1631	+	23 (e) A trust entitled to a deduction under section 9 (before its
	1632	+	24 expiration), 11 (before its expiration), 13 (before its expiration), 14
	1633	+	25 (before its expiration), 16 (before its expiration), 17.4 (before its
	1634	+	26 expiration), or 37 of this chapter for real property owned by the trust
	1635	+	27 and occupied by an individual in accordance with section 17.9 of this
	1636	+	28 chapter (before its expiration) is not required to file a statement to
	1637	+	29 apply for the deduction, if:
	1638	+	30 (1) the individual who occupies the real property receives a
	1639	+	31 deduction provided under section 9 (before its expiration), 11
	1640	+	32 (before its expiration), 13 (before its expiration), 14 (before its
	1641	+	33 expiration), 16 (before its expiration), 17.4 (before its
	1642	+	34 expiration), or 37 of this chapter in a particular year; and
	1643	+	35 (2) the trust remains eligible for the deduction in the following
	1644	+	36 year.
	1645	+	37 However, for purposes of a deduction under section 37 of this chapter,
	1646	+	38 the individuals that qualify the trust for a deduction must comply with
	1647	+	39 the requirement in IC 6-1.1-22-8.1(b)(9) (expired January 1, 2015)
	1648	+	40 before January 1, 2013.
	1649	+	41 (f) A cooperative housing corporation (as defined in 26 U.S.C. 216)
	1650	+	42 that is entitled to a deduction under section 37 of this chapter in the
	1651	+	ES 1—LS 7244/DI 120 36
	1652	+	1 immediately preceding calendar year for a homestead (as defined in
	1653	+	2 section 37 of this chapter) is not required to file a statement to apply for
	1654	+	3 the deduction for the current calendar year if the cooperative housing
	1655	+	4 corporation remains eligible for the deduction for the current calendar
	1656	+	5 year. However, the county auditor may, in the county auditor's
	1657	+	6 discretion, terminate the deduction for assessment dates after January
	1658	+	7 15, 2012, if the individual does not comply with the requirement in
	1659	+	8 IC 6-1.1-22-8.1(b)(9) (expired January 1, 2015), as determined by the
	1660	+	9 county auditor, before January 1, 2013. Before the county auditor
	1661	+	10 terminates a deduction because the taxpayer claiming the deduction did
	1662	+	11 not comply with the requirement in IC 6-1.1-22-8.1(b)(9) (expired
	1663	+	12 January 1, 2015) before January 1, 2013, the county auditor shall mail
	1664	+	13 notice of the proposed termination of the deduction to:
	1665	+	14 (1) the last known address of each person liable for any property
	1666	+	15 taxes or special assessment, as shown on the tax duplicate or
	1667	+	16 special assessment records; or
	1668	+	17 (2) the last known address of the most recent owner shown in the
	1669	+	18 transfer book.
	1670	+	19 (g) An individual who:
	1671	+	20 (1) was eligible for a homestead credit under IC 6-1.1-20.9
	1672	+	21 (repealed) for property taxes imposed for the March 1, 2007, or
	1673	+	22 January 15, 2008, assessment date; or
	1674	+	23 (2) would have been eligible for a homestead credit under
	1675	+	24 IC 6-1.1-20.9 (repealed) for property taxes imposed for the March
	1676	+	25 1, 2008, or January 15, 2009, assessment date if IC 6-1.1-20.9 had
	1677	+	26 not been repealed;
	1678	+	27 is not required to file a statement to apply for a deduction under section
	1679	+	28 37 of this chapter if the individual remains eligible for the deduction in
	1680	+	29 the current year. An individual who filed for a homestead credit under
	1681	+	30 IC 6-1.1-20.9 (repealed) for an assessment date after March 1, 2007 (if
	1682	+	31 the property is real property), or after January 1, 2008 (if the property
	1683	+	32 is personal property), shall be treated as an individual who has filed for
	1684	+	33 a deduction under section 37 of this chapter. However, the county
	1685	+	34 auditor may, in the county auditor's discretion, terminate the deduction
	1686	+	35 for assessment dates after January 15, 2012, if the individual does not
	1687	+	36 comply with the requirement in IC 6-1.1-22-8.1(b)(9) (expired January
	1688	+	37 1, 2015), as determined by the county auditor, before January 1, 2013.
	1689	+	38 Before the county auditor terminates the deduction because the
	1690	+	39 taxpayer claiming the deduction did not comply with the requirement
	1691	+	40 in IC 6-1.1-22-8.1(b)(9) (expired January 1, 2015) before January 1,
	1692	+	41 2013, the county auditor shall mail notice of the proposed termination
	1693	+	42 of the deduction to the last known address of each person liable for any
	1694	+	ES 1—LS 7244/DI 120 37
	1695	+	1 property taxes or special assessment, as shown on the tax duplicate or
	1696	+	2 special assessment records, or to the last known address of the most
	1697	+	3 recent owner shown in the transfer book.
	1698	+	4 (h) If a county auditor terminates a deduction because the taxpayer
	1699	+	5 claiming the deduction did not comply with the requirement in
	1700	+	6 IC 6-1.1-22-8.1(b)(9) (expired January 1, 2015) before January 1, 2013,
	1701	+	7 the county auditor shall reinstate the deduction if the taxpayer provides
	1702	+	8 proof that the taxpayer is eligible for the deduction and is not claiming
	1703	+	9 the deduction for any other property.
	1704	+	10 (i) A taxpayer described in section 37(q) 37(r) of this chapter is not
	1705	+	11 required to file a statement to apply for the deduction provided by
	1706	+	12 section 37 of this chapter if the property owned by the taxpayer remains
	1707	+	13 eligible for the deduction for that calendar year.
	1708	+	14 SECTION 31. IC 6-1.1-12-17.9, AS AMENDED BY P.L.190-2016,
	1709	+	15 SECTION 1, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	1710	+	16 JANUARY 1, 2025 (RETROACTIVE)]: Sec. 17.9. (a) A trust is
	1711	+	17 entitled to a deduction under section 9 (before its expiration), 11
	1712	+	18 (before its expiration), 13 (before its expiration), 14 (before its
	1713	+	19 expiration), 16 (before its expiration), or 17.4 (before its expiration)
	1714	+	20 of this chapter for real property owned by the trust and occupied by an
	1715	+	21 individual if the county auditor determines that the individual:
	1716	+	22 (1) upon verification in the body of the deed or otherwise, has
	1717	+	23 either:
	1718	+	24 (A) a beneficial interest in the trust; or
	1719	+	25 (B) the right to occupy the real property rent free under the
	1720	+	26 terms of a qualified personal residence trust created by the
	1721	+	27 individual under United States Treasury Regulation
	1722	+	28 25.2702-5(c)(2); and
	1723	+	29 (2) otherwise qualifies for the deduction.
	1724	+	30 (b) This section applies only to property taxes imposed for an
	1725	+	31 assessment date before January 1, 2025.
	1726	+	32 (c) This section expires January 1, 2027.
	1727	+	33 SECTION 32. IC 6-1.1-12-18, AS AMENDED BY P.L.181-2016,
	1728	+	34 SECTION 4, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	1729	+	35 JANUARY 1, 2025 (RETROACTIVE)]: Sec. 18. (a) This section
	1730	+	36 applies only to:
	1731	+	37 (1) rehabilitation of residential real property that occurs before
	1732	+	38 January 2, 2017; and
	1733	+	39 (2) property taxes imposed for an assessment date before
	1734	+	40 January 1, 2025.
	1735	+	41 (b) If the assessed value of residential real property described in
	1736	+	42 subsection (e) is increased because it has been rehabilitated, the owner
	1737	+	ES 1—LS 7244/DI 120 38
	1738	+	1 may have deducted from the assessed value of the property an amount
	1739	+	2 not to exceed the lesser of:
	1740	+	3 (1) the total increase in assessed value resulting from the
	1741	+	4 rehabilitation (excluding an increase in assessed value that occurs
	1742	+	5 after January 1, 2017); or
	1743	+	6 (2) eighteen thousand seven hundred twenty dollars ($18,720) per
	1744	+	7 rehabilitated dwelling unit.
	1745	+	8 The owner is entitled to this deduction annually for a five (5) year
	1746	+	9 period, or if subsection (f) applies, the period established under
	1747	+	10 subsection (f).
	1748	+	11 (c) For purposes of this section, the term "rehabilitation" means
	1749	+	12 significant repairs, replacements, or improvements to an existing
	1750	+	13 structure which are intended to increase the livability, utility, safety, or
	1751	+	14 value of the property under rules adopted by the department of local
	1752	+	15 government finance.
	1753	+	16 (d) For the purposes of this section, the term "owner" or "property
	1754	+	17 owner" includes any person who has the legal obligation, or has
	1755	+	18 otherwise assumed the obligation, to pay the real property taxes on the
	1756	+	19 rehabilitated property.
	1757	+	20 (e) The deduction provided by this section applies only:
	1758	+	21 (1) for the rehabilitation of residential real property which is
	1759	+	22 located within this state and which is described in one (1) of the
	1760	+	23 following classifications:
	1761	+	24 (A) A single family dwelling if before rehabilitation the
	1762	+	25 assessed value (excluding any exemptions or deductions) of
	1763	+	26 the improvements does not exceed thirty-seven thousand four
	1764	+	27 hundred forty dollars ($37,440).
	1765	+	28 (B) A two (2) family dwelling if before rehabilitation the
	1766	+	29 assessed value (excluding exemptions or deductions) of the
	1767	+	30 improvements does not exceed forty-nine thousand nine
	1768	+	31 hundred twenty dollars ($49,920).
	1769	+	32 (C) A dwelling with more than two (2) family units if before
	1770	+	33 rehabilitation the assessed value (excluding any exemptions or
	1771	+	34 deductions) of the improvements does not exceed eighteen
	1772	+	35 thousand seven hundred twenty dollars ($18,720) per dwelling
	1773	+	36 unit; and
	1774	+	37 (2) if the property owner:
	1775	+	38 (A) owns the residential real property; or
	1776	+	39 (B) is buying the residential real property under contract;
	1777	+	40 on the assessment date of the year in which an application must
	1778	+	41 be filed under section 20 of this chapter.
	1779	+	42 (f) A county, city, or town fiscal body may adopt an ordinance to
	1780	+	ES 1—LS 7244/DI 120 39
	1781	+	1 establish a deduction period that is longer than five (5) years but not to
	1782	+	2 exceed fifteen (15) years for any rehabilitated property covered by this
	1783	+	3 section that has also been determined to be abandoned or vacant for
	1784	+	4 purposes of IC 6-1.1-24.
	1785	+	5 (g) This section expires January 1, 2033. 2027.
	1786	+	6 SECTION 33. IC 6-1.1-12-21 IS AMENDED TO READ AS
	1787	+	7 FOLLOWS [EFFECTIVE JANUARY 1, 2025 (RETROACTIVE)]:
	1788	+	8 Sec. 21. When real property is reassessed because it has been
	1789	+	9 rehabilitated, the assessing official who, or the county property tax
	1790	+	10 assessment board of appeals which, makes the reassessment shall give
	1791	+	11 the owner notice of the property tax deductions provided by sections 18
	1792	+	12 and 22 of this chapter (before their expiration). The official or county
	1793	+	13 property tax assessment board of appeals shall attach the notice to the
	1794	+	14 reassessment notice required by IC 6-1.1-4-22.
	1795	+	15 SECTION 34. IC 6-1.1-12-26, AS AMENDED BY P.L.113-2010,
	1796	+	16 SECTION 25, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	1797	+	17 JANUARY 1, 2025 (RETROACTIVE)]: Sec. 26. (a) The owner of real
	1798	+	18 property, or a mobile home which is not assessed as real property,
	1799	+	19 which is equipped with a solar energy heating or cooling system may
	1800	+	20 have deducted annually from the assessed value of the real property or
	1801	+	21 mobile home an amount which is equal to the out-of-pocket
	1802	+	22 expenditures by the owner (or a previous owner) of the real property or
	1803	+	23 mobile home for:
	1804	+	24 (1) the components; and
	1805	+	25 (2) the labor involved in installing the components;
	1806	+	26 that are unique to the system and that are needed to collect, store, or
	1807	+	27 distribute solar energy.
	1808	+	28 (b) The tangible property to which subsection (a) applies includes
	1809	+	29 a solar thermal air system and any solar energy heating or cooling
	1810	+	30 system used for:
	1811	+	31 (1) domestic hot water or space heat, or both, including pool
	1812	+	32 heating; or
	1813	+	33 (2) preheating for an industrial process.
	1814	+	34 (c) Subsection (a) does not apply to tangible property that would not
	1815	+	35 be subject to assessment and taxation under this article if this section
	1816	+	36 did not apply.
	1817	+	37 (d) For purposes of subsection (a), proof of out-of-pocket
	1818	+	38 expenditures may be demonstrated by invoices or other evidence of a
	1819	+	39 purchase and installation, as determined under rules or guidelines
	1820	+	40 prescribed by the department of local government finance.
	1821	+	41 (e) This section applies only to property taxes imposed for an
	1822	+	42 assessment date before January 1, 2025.
	1823	+	ES 1—LS 7244/DI 120 40
	1824	+	1 (f) This section expires January 1, 2027.
	1825	+	2 SECTION 35. IC 6-1.1-12-26.1, AS ADDED BY P.L.137-2012,
	1826	+	3 SECTION 15, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	1827	+	4 JANUARY 1, 2025 (RETROACTIVE)]: Sec. 26.1. (a) This section
	1828	+	5 applies only to a solar power device that is installed after December 31,
	1829	+	6 2011.
	1830	+	7 (b) This section does not apply to a solar power device that is owned
	1831	+	8 or operated by a person that provides electricity at wholesale or retail
	1832	+	9 for consideration other than a person that:
	1833	+	10 (1) participates in a net metering or feed-in-tariff program offered
	1834	+	11 by an electric utility with respect to the solar power device; or
	1835	+	12 (2) is the owner or host of the solar power device site and a person
	1836	+	13 consumes on the site the equivalent amount of electricity that is
	1837	+	14 generated by the solar power device on an annual basis even if the
	1838	+	15 electricity is sold to a public utility, including a solar power
	1839	+	16 device directly serving a public utility's business operations site.
	1840	+	17 (c) For purposes of this section, "solar power device" means a
	1841	+	18 device, such as a solar thermal, a photovoltaic, or other solar energy
	1842	+	19 system, that is designed to use the radiant light or heat from the sun to
	1843	+	20 produce electricity.
	1844	+	21 (d) The owner of real property equipped with a solar power device
	1845	+	22 that is assessed as a real property improvement may have deducted
	1846	+	23 annually from the assessed value of the real property an amount equal
	1847	+	24 to:
	1848	+	25 (1) the assessed value of the real property with the solar power
	1849	+	26 device included; minus
	1850	+	27 (2) the assessed value of the real property without the solar power
	1851	+	28 device.
	1852	+	29 (e) The owner of a solar power device that is assessed as:
	1853	+	30 (1) distributable property under IC 6-1.1-8; or
	1854	+	31 (2) personal property;
	1855	+	32 may have deducted annually the assessed value of the solar power
	1856	+	33 device.
	1857	+	34 (f) This section applies only to property taxes imposed for an
	1858	+	35 assessment date before January 1, 2025.
	1859	+	36 (g) This section expires January 1, 2027.
	1860	+	37 SECTION 36. IC 6-1.1-12-27.1, AS AMENDED BY P.L.136-2024,
	1861	+	38 SECTION 11, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	1862	+	39 JANUARY 1, 2025 (RETROACTIVE)]: Sec. 27.1. (a) Except as
	1863	+	40 provided in sections 36 and 44 of this chapter and subject to section 45
	1864	+	41 of this chapter, a person who desires to claim the deduction provided
	1865	+	42 by section 26 or 26.1 of this chapter must file a certified statement in
	1866	+	ES 1—LS 7244/DI 120 41
	1867	+	1 duplicate, on forms prescribed by the department of local government
	1868	+	2 finance, with the auditor of the county in which the real property,
	1869	+	3 mobile home, manufactured home, or solar power device is subject to
	1870	+	4 assessment. To obtain the deduction for a desired calendar year in
	1871	+	5 which property taxes are first due and payable, the person must
	1872	+	6 complete, date, and file the certified statement with the county auditor
	1873	+	7 on or before January 15 of the calendar year in which the property taxes
	1874	+	8 are first due and payable. The person must:
	1875	+	9 (1) own the real property, mobile home, or manufactured home or
	1876	+	10 own the solar power device;
	1877	+	11 (2) be buying the real property, mobile home, manufactured
	1878	+	12 home, or solar power device under contract; or
	1879	+	13 (3) be leasing the real property from the real property owner and
	1880	+	14 be subject to assessment and property taxation with respect to the
	1881	+	15 solar power device;
	1882	+	16 on the date the statement is filed under this section. The statement may
	1883	+	17 be filed in person or by mail. If mailed, the mailing must be postmarked
	1884	+	18 on or before the last day for filing. On verification of the statement by
	1885	+	19 the assessor of the township in which the real property, mobile home,
	1886	+	20 manufactured home, or solar power device is subject to assessment, or
	1887	+	21 the county assessor if there is no township assessor for the township,
	1888	+	22 the county auditor shall allow the deduction.
	1889	+	23 (b) This section applies only to property taxes imposed for an
	1890	+	24 assessment date before January 1, 2025.
	1891	+	25 (c) This section expires January 1, 2027.
	1892	+	26 SECTION 37. IC 6-1.1-12-28.5, AS AMENDED BY P.L.146-2008,
	1893	+	27 SECTION 112, IS AMENDED TO READ AS FOLLOWS
	1894	+	28 [EFFECTIVE JANUARY 1, 2025 (RETROACTIVE)]: Sec. 28.5. (a)
	1895	+	29 For purposes of this section:
	1896	+	30 (1) "Hazardous waste" has the meaning set forth in
	1897	+	31 IC 13-11-2-99(a) and includes a waste determined to be a
	1898	+	32 hazardous waste under IC 13-22-2-3(b).
	1899	+	33 (2) "Resource recovery system" means tangible property directly
	1900	+	34 used to dispose of solid waste or hazardous waste by converting
	1901	+	35 it into energy or other useful products.
	1902	+	36 (3) "Solid waste" has the meaning set forth in IC 13-11-2-205(a)
	1903	+	37 but does not include dead animals or any animal solid or
	1904	+	38 semisolid wastes.
	1905	+	39 (b) Except as provided in this section, the owner of a resource
	1906	+	40 recovery system is entitled to an annual deduction in an amount equal
	1907	+	41 to ninety-five percent (95%) of the assessed value of the system if:
	1908	+	42 (1) the system was certified by the department of environmental
	1909	+	ES 1—LS 7244/DI 120 42
	1910	+	1 management for the 1993 assessment year or a prior assessment
	1911	+	2 year; and
	1912	+	3 (2) the owner filed a timely application for the deduction for the
	1913	+	4 1993 assessment year.
	1914	+	5 For purposes of this section, a system includes tangible property that
	1915	+	6 replaced tangible property in the system after the certification by the
	1916	+	7 department of environmental management.
	1917	+	8 (c) The owner of a resource recovery system that is directly used to
	1918	+	9 dispose of hazardous waste is not entitled to the deduction provided by
	1919	+	10 this section for a particular assessment year if during that assessment
	1920	+	11 year the owner:
	1921	+	12 (1) is convicted of any violation under IC 13-7-13-3 (repealed),
	1922	+	13 IC 13-7-13-4 (repealed), or a criminal statute under IC 13; or
	1923	+	14 (2) is subject to an order or a consent decree with respect to
	1924	+	15 property located in Indiana based upon a violation of a federal or
	1925	+	16 state rule, regulation, or statute governing the treatment, storage,
	1926	+	17 or disposal of hazardous wastes that had a major or moderate
	1927	+	18 potential for harm.
	1928	+	19 (d) The certification of a resource recovery system by the
	1929	+	20 department of environmental management for the 1993 assessment
	1930	+	21 year or a prior assessment year is valid through the 1997 assessment
	1931	+	22 year so long as the property is used as a resource recovery system. If
	1932	+	23 the property is no longer used for the purpose for which the property
	1933	+	24 was used when the property was certified, the owner of the property
	1934	+	25 shall notify the county auditor. However, the deduction from the
	1935	+	26 assessed value of the system is:
	1936	+	27 (1) ninety-five percent (95%) for the 1994 assessment year;
	1937	+	28 (2) ninety percent (90%) for the 1995 assessment year;
	1938	+	29 (3) seventy-five percent (75%) for the 1996 assessment year; and
	1939	+	30 (4) sixty percent (60%) for the 1997 assessment year.
	1940	+	31 Notwithstanding this section as it existed before 1995, for the 1994
	1941	+	32 assessment year, the portion of any tangible property comprising a
	1942	+	33 resource recovery system that was assessed and first deducted for the
	1943	+	34 1994 assessment year may not be deducted for property taxes first due
	1944	+	35 and payable in 1995 or later.
	1945	+	36 (e) In order to qualify for a deduction under this section, the person
	1946	+	37 who desires to claim the deduction must file an application with the
	1947	+	38 county auditor after February 28 and before May 16 of the current
	1948	+	39 assessment year. An application must be filed in each year for which
	1949	+	40 the person desires to obtain the deduction. The application may be filed
	1950	+	41 in person or by mail. If mailed, the mailing must be postmarked on or
	1951	+	42 before the last day for filing. If the application is not filed before the
	1952	+	ES 1—LS 7244/DI 120 43
	1953	+	1 applicable deadline under this subsection, the deduction is waived. The
	1954	+	2 application must be filed on a form prescribed by the department of
	1955	+	3 local government finance. The application for a resource recovery
	1956	+	4 system deduction must include:
	1957	+	5 (1) a certification by the department of environmental
	1958	+	6 management for the 1993 assessment year or a prior assessment
	1959	+	7 year as described in subsection (d); or
	1960	+	8 (2) the certification by the department of environmental
	1961	+	9 management for the 1993 assessment year as described in
	1962	+	10 subsection (g).
	1963	+	11 Beginning with the 1995 assessment year a person must also file an
	1964	+	12 itemized list of all property on which a deduction is claimed. The list
	1965	+	13 must include the date of purchase of the property and the cost to
	1966	+	14 acquire the property.
	1967	+	15 (f) Before July 1, 1995, the department of environmental
	1968	+	16 management shall transfer all the applications, records, or other
	1969	+	17 material the department has with respect to resource recovery system
	1970	+	18 deductions under this section for the 1993 and 1994 assessment years.
	1971	+	19 The township assessor, or the county assessor if there is no township
	1972	+	20 assessor for the township, shall verify each deduction application filed
	1973	+	21 under this section and the county auditor shall determine the deduction.
	1974	+	22 The county auditor shall send to the department of local government
	1975	+	23 finance a copy of each deduction application. The county auditor shall
	1976	+	24 notify the county property tax assessment board of appeals of all
	1977	+	25 deductions allowed under this section. A denial of a deduction claimed
	1978	+	26 under this subsection may be appealed as provided in IC 6-1.1-15. The
	1979	+	27 appeal is limited to a review of a determination made by the township
	1980	+	28 assessor, the county assessor, or the county auditor.
	1981	+	29 (g) Notwithstanding subsection (d), the certification for the 1993
	1982	+	30 assessment year of a resource recovery system in regard to which a
	1983	+	31 political subdivision is liable for the payment of the property taxes
	1984	+	32 remains valid at the ninety-five percent (95%) deduction level allowed
	1985	+	33 before 1994 as long as the political subdivision remains liable for the
	1986	+	34 payment of the property taxes on the system.
	1987	+	35 (h) This section applies only to property taxes imposed for an
	1988	+	36 assessment date before January 1, 2025.
	1989	+	37 (i) This section expires January 1, 2027.
	1990	+	38 SECTION 38. IC 6-1.1-12-29, AS AMENDED BY P.L.46-2011,
	1991	+	39 SECTION 1, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	1992	+	40 JANUARY 1, 2025 (RETROACTIVE)]: Sec. 29. (a) This section does
	1993	+	41 not apply to a wind power device that is owned or operated by:
	1994	+	42 (1) a public utility (as defined in IC 8-1-2-1(a)); or
	1995	+	ES 1—LS 7244/DI 120 44
	1996	+	1 (2) another entity that provides electricity at wholesale or retail
	1997	+	2 for consideration, other than a person who participates in a net
	1998	+	3 metering program offered by an electric utility.
	1999	+	4 This subsection shall be interpreted to clarify and not to change the
	2000	+	5 general assembly's intent with respect to this section.
	2001	+	6 (b) For purposes of this section, "wind power device" means a
	2002	+	7 device, such as a windmill or a wind turbine, that is designed to utilize
	2003	+	8 the kinetic energy of moving air to provide mechanical energy or to
	2004	+	9 produce electricity.
	2005	+	10 (c) The owner of real property, or a mobile home that is not assessed
	2006	+	11 as real property, that is equipped with a wind power device is entitled
	2007	+	12 to an annual property tax deduction. The amount of the deduction
	2008	+	13 equals the remainder of (1) the assessed value of the real property or
	2009	+	14 mobile home with the wind power device included, minus (2) the
	2010	+	15 assessed value of the real property or mobile home without the wind
	2011	+	16 power device.
	2012	+	17 (d) This section applies only to property taxes imposed for an
	2013	+	18 assessment date before January 1, 2025.
	2014	+	19 (e) This section expires January 1, 2027.
	2015	+	20 SECTION 39. IC 6-1.1-12-30, AS AMENDED BY P.L.136-2024,
	2016	+	21 SECTION 12, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	2017	+	22 JANUARY 1, 2025 (RETROACTIVE)]: Sec. 30. (a) Except as
	2018	+	23 provided in sections 36 and 44 of this chapter and subject to section 45
	2019	+	24 of this chapter, a person who desires to claim the deduction provided
	2020	+	25 by section 29 of this chapter must file a certified statement in duplicate,
	2021	+	26 on forms prescribed by the department of local government finance,
	2022	+	27 with the auditor of the county in which the real property or mobile
	2023	+	28 home is subject to assessment. To obtain the deduction for a desired
	2024	+	29 calendar year in which property taxes are first due and payable, the
	2025	+	30 person must complete, date, and file the statement with the county
	2026	+	31 auditor on or before January 15 of the calendar year in which the
	2027	+	32 property taxes are first due and payable. The person must:
	2028	+	33 (1) own the real property, mobile home, or manufactured home;
	2029	+	34 or
	2030	+	35 (2) be buying the real property, mobile home, or manufactured
	2031	+	36 home under contract;
	2032	+	37 on the date the statement is filed under this section. On verification of
	2033	+	38 the statement by the assessor of the township in which the real property
	2034	+	39 or mobile home is subject to assessment, or the county assessor if there
	2035	+	40 is no township assessor for the township, the county auditor shall allow
	2036	+	41 the deduction.
	2037	+	42 (b) This section applies only to property taxes imposed for an
	2038	+	ES 1—LS 7244/DI 120 45
	2039	+	1 assessment date before January 1, 2025.
	2040	+	2 (c) This section expires January 1, 2027.
	2041	+	3 SECTION 40. IC 6-1.1-12-33, AS AMENDED BY P.L.144-2008,
	2042	+	4 SECTION 32, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	2043	+	5 JANUARY 1, 2025 (RETROACTIVE)]: Sec. 33. (a) For purposes of
	2044	+	6 this section "hydroelectric power device" means a device which is
	2045	+	7 installed after December 31, 1981, and is designed to utilize the kinetic
	2046	+	8 power of moving water to provide mechanical energy or to produce
	2047	+	9 electricity.
	2048	+	10 (b) The owner of real property, or a mobile home that is not assessed
	2049	+	11 as real property, that is equipped with a hydroelectric power device is
	2050	+	12 annually entitled to a property tax deduction. The amount of the
	2051	+	13 deduction equals the remainder of:
	2052	+	14 (1) the assessed value of the real property or mobile home with
	2053	+	15 the hydroelectric power device; minus
	2054	+	16 (2) the assessed value of the real property or mobile home without
	2055	+	17 the hydroelectric power device.
	2056	+	18 (c) The deduction provided by this section applies only if the
	2057	+	19 property owner:
	2058	+	20 (1) owns the real property or mobile home; or
	2059	+	21 (2) is buying the real property or mobile home under contract;
	2060	+	22 on the date the statement is filed under section 35.5 of this chapter.
	2061	+	23 (d) This section applies only to property taxes imposed for an
	2062	+	24 assessment date before January 1, 2025.
	2063	+	25 (e) This section expires January 1, 2027.
	2064	+	26 SECTION 41. IC 6-1.1-12-34, AS AMENDED BY P.L.144-2008,
	2065	+	27 SECTION 33, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	2066	+	28 JANUARY 1, 2025 (RETROACTIVE)]: Sec. 34. (a) For purposes of
	2067	+	29 this section, "geothermal energy heating or cooling device" means a
	2068	+	30 device that is installed after December 31, 1981, and is designed to
	2069	+	31 utilize the natural heat from the earth to provide hot water, produce
	2070	+	32 electricity, or generate heating or cooling.
	2071	+	33 (b) The owner of real property, or a mobile home that is not assessed
	2072	+	34 as real property, that is equipped with a geothermal energy heating or
	2073	+	35 cooling device is annually entitled to a property tax deduction. The
	2074	+	36 amount of the deduction equals the remainder of: (1) the assessed value
	2075	+	37 of the real property or mobile home with the geothermal heating or
	2076	+	38 cooling device; minus (2) the assessed value of the real property or
	2077	+	39 mobile home without the geothermal heating or cooling device.
	2078	+	40 (c) The deduction provided by this section applies only if the
	2079	+	41 property owner:
	2080	+	42 (1) owns the real property or mobile home; or
	2081	+	ES 1—LS 7244/DI 120 46
	2082	+	1 (2) is buying the real property or mobile home under contract;
	2083	+	2 on the date the statement is filed under section 35.5 of this chapter.
	2084	+	3 (d) This section applies only to property taxes imposed for an
	2085	+	4 assessment date before January 1, 2025.
	2086	+	5 (e) This section expires January 1, 2027.
	2087	+	6 SECTION 42. IC 6-1.1-12-35.5, AS AMENDED BY P.L.136-2024,
	2088	+	7 SECTION 13, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	2089	+	8 JANUARY 1, 2025 (RETROACTIVE)]: Sec. 35.5. (a) Except as
	2090	+	9 provided in section 36 or 44 of this chapter and subject to section 45 of
	2091	+	10 this chapter, a person who desires to claim the deduction provided by
	2092	+	11 section 33 (before its expiration) or 34 (before its expiration) of this
	2093	+	12 chapter must file a certified statement in duplicate, on forms prescribed
	2094	+	13 by the department of local government finance and proof of
	2095	+	14 certification under subsection (b) with the auditor of the county in
	2096	+	15 which the property for which the deduction is claimed is subject to
	2097	+	16 assessment. To obtain the deduction for a desired calendar year in
	2098	+	17 which property taxes are first due and payable, the person must
	2099	+	18 complete, date, and file the certified statement with the county auditor
	2100	+	19 on or before January 15 of the calendar year in which the property taxes
	2101	+	20 are first due and payable. The statement may be filed in person or by
	2102	+	21 mail. If mailed, the mailing must be postmarked on or before the last
	2103	+	22 day for filing. On verification of the statement by the assessor of the
	2104	+	23 township in which the property for which the deduction is claimed is
	2105	+	24 subject to assessment, or the county assessor if there is no township
	2106	+	25 assessor for the township, the county auditor shall allow the deduction.
	2107	+	26 (b) The department of environmental management, upon application
	2108	+	27 by a property owner, shall determine whether a system or device
	2109	+	28 qualifies for a deduction provided by section 33 (before its expiration)
	2110	+	29 or 34 (before its expiration) of this chapter. If the department
	2111	+	30 determines that a system or device qualifies for a deduction, it shall
	2112	+	31 certify the system or device and provide proof of the certification to the
	2113	+	32 property owner. The department shall prescribe the form and manner
	2114	+	33 of the certification process required by this subsection.
	2115	+	34 (c) If the department of environmental management receives an
	2116	+	35 application for certification, the department shall determine whether
	2117	+	36 the system or device qualifies for a deduction. If the department fails
	2118	+	37 to make a determination under this subsection before December 31 of
	2119	+	38 the year in which the application is received, the system or device is
	2120	+	39 considered certified.
	2121	+	40 (d) A denial of a deduction claimed under section 33 (before its
	2122	+	41 expiration) or 34 (before its expiration) of this chapter may be
	2123	+	42 appealed as provided in IC 6-1.1-15. The appeal is limited to a review
	2124	+	ES 1—LS 7244/DI 120 47
	2125	+	1 of a determination made by the township assessor county property tax
	2126	+	2 assessment board of appeals, or department of local government
	2127	+	3 finance.
	2128	+	4 (e) Notwithstanding any other law, if there is a change in ownership
	2129	+	5 of real property, or a mobile home that is not assessed as real property:
	2130	+	6 (1) that is equipped with a geothermal energy heating or cooling
	2131	+	7 device; and
	2132	+	8 (2) whose previous owner received a property tax deduction under
	2133	+	9 section 34 of this chapter (before its expiration) for the
	2134	+	10 geothermal energy heating or cooling device prior to the change
	2135	+	11 in ownership;
	2136	+	12 the new owner shall be eligible for the property tax deduction following
	2137	+	13 the change in ownership and, in subsequent taxable years, shall not be
	2138	+	14 required to obtain a determination of qualification from the department
	2139	+	15 of environmental management under subsection (b) and shall not be
	2140	+	16 required to file a certified statement of qualification with the county
	2141	+	17 auditor under subsection (a) to remain eligible for the property tax
	2142	+	18 deduction.
	2143	+	19 (f) This section applies only to property taxes imposed for an
	2144	+	20 assessment date before January 1, 2025.
	2145	+	21 (g) This section expires January 1, 2027.
	2146	+	22 SECTION 43. IC 6-1.1-12-36, AS AMENDED BY P.L.214-2019,
	2147	+	23 SECTION 15, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	2148	+	24 JANUARY 1, 2025 (RETROACTIVE)]: Sec. 36. (a) A person who
	2149	+	25 receives a deduction provided under section 26 (before its expiration),
	2150	+	26 29 (before its expiration), 33 (before its expiration), 34 (before its
	2151	+	27 expiration), or 38 (before its expiration) of this chapter for a
	2152	+	28 particular year and who remains eligible for the deduction for the
	2153	+	29 following year is not required to file a statement to apply for the
	2154	+	30 deduction for the following year.
	2155	+	31 (b) A person who receives a deduction provided under section 26
	2156	+	32 (before its expiration), 29 (before its expiration), 33 (before its
	2157	+	33 expiration), 34 (before its expiration), or 38 (before its expiration)
	2158	+	34 of this chapter for a particular year and who becomes ineligible for the
	2159	+	35 deduction for the following year shall notify the auditor of the county
	2160	+	36 in which the real property or mobile home for which the person
	2161	+	37 received the deduction is located of the person's ineligibility before
	2162	+	38 March 31 of the year for which the person becomes ineligible.
	2163	+	39 (c) The auditor of each county shall, in a particular year, apply a
	2164	+	40 deduction provided under section 26 (before its expiration), 29
	2165	+	41 (before its expiration), 33 (before its expiration), 34 (before its
	2166	+	42 expiration), or 38 (before its expiration) of this chapter to each
	2167	+	ES 1—LS 7244/DI 120 48
	2168	+	1 person who received the deduction in the preceding year unless the
	2169	+	2 auditor determines that the person is no longer eligible for the
	2170	+	3 deduction.
	2171	+	4 (d) This section applies only to property taxes imposed for an
	2172	+	5 assessment date before January 1, 2025.
	2173	+	6 (e) This section expires January 1, 2027.
	2174	+	7 SECTION 44. IC 6-1.1-12-37, AS AMENDED BY P.L.156-2024,
	2175	+	8 SECTION 11, AND AS AMENDED BY P.L.136-2024, SECTION 14,
	2176	+	9 AND AS AMENDED BY THE TECHNICAL CORRECTIONS BILL
	2177	+	10 OF THE 2025 GENERAL ASSEMBLY, IS CORRECTED AND
	2178	+	11 AMENDED TO READ AS FOLLOWS [EFFECTIVE JANUARY 1,
	2179	+	12 2025 (RETROACTIVE)]: Sec. 37. (a) The following definitions apply
	2180	+	13 throughout this section:
	2181	+	14 (1) "Dwelling" means any of the following:
	2182	+	15 (A) Residential real property improvements that an individual
	2183	+	16 uses as the individual's residence, limited to a single house and
	2184	+	17 a single garage, regardless of whether the single garage is
	2185	+	18 attached to the single house or detached from the single house.
	2186	+	19 (B) A mobile home that is not assessed as real property that an
	2187	+	20 individual uses as the individual's residence.
	2188	+	21 (C) A manufactured home that is not assessed as real property
	2189	+	22 that an individual uses as the individual's residence.
	2190	+	23 (2) "Homestead" means an individual's principal place of
	2191	+	24 residence:
	2192	+	25 (A) that is located in Indiana;
	2193	+	26 (B) that:
	2194	+	27 (i) the individual owns;
	2195	+	28 (ii) the individual is buying under a contract recorded in the
	2196	+	29 county recorder's office, or evidenced by a memorandum of
	2197	+	30 contract recorded in the county recorder's office under
	2198	+	31 IC 36-2-11-20, that provides that the individual is to pay the
	2199	+	32 property taxes on the residence, and that obligates the owner
	2200	+	33 to convey title to the individual upon completion of all of the
	2201	+	34 individual's contract obligations;
	2202	+	35 (iii) the individual is entitled to occupy as a
	2203	+	36 tenant-stockholder (as defined in 26 U.S.C. 216) of a
	2204	+	37 cooperative housing corporation (as defined in 26 U.S.C.
	2205	+	38 216); or
	2206	+	39 (iv) is a residence described in section 17.9 of this chapter
	2207	+	40 (before its expiration) that is owned by a trust if the
	2208	+	41 individual is an individual described in section 17.9 of this
	2209	+	42 chapter (before its expiration); and
	2210	+	ES 1—LS 7244/DI 120 49
	2211	+	1 (C) that consists of a dwelling and includes up to one (1) acre
	2212	+	2 of land immediately surrounding that dwelling, and any of the
	2213	+	3 following improvements:
	2214	+	4 (i) Any number of decks, patios, gazebos, or pools.
	2215	+	5 (ii) One (1) additional building that is not part of the
	2216	+	6 dwelling if the building is predominantly used for a
	2217	+	7 residential purpose and is not used as an investment property
	2218	+	8 or as a rental property.
	2219	+	9 (iii) One (1) additional residential yard structure other than
	2220	+	10 a deck, patio, gazebo, or pool.
	2221	+	11 Except as provided in subsection (q), (r), the term does not
	2222	+	12 include property owned by a corporation, partnership, limited
	2223	+	13 liability company, or other entity not described in this
	2224	+	14 subdivision.
	2225	+	15 (b) Each year a homestead is eligible for a standard deduction from
	2226	+	16 the assessed value of the homestead for an assessment date. Except as
	2227	+	17 provided in subsection (m), (n), the deduction provided by this section
	2228	+	18 applies to property taxes first due and payable for an assessment date
	2229	+	19 only if an individual has an interest in the homestead described in
	2230	+	20 subsection (a)(2)(B) on:
	2231	+	21 (1) the assessment date; or
	2232	+	22 (2) any date in the same year after an assessment date that a
	2233	+	23 statement is filed under subsection (e) or section 44 of this
	2234	+	24 chapter, if the property consists of real property.
	2235	+	25 If more than one (1) individual or entity qualifies property as a
	2236	+	26 homestead under subsection (a)(2)(B) for an assessment date, only one
	2237	+	27 (1) standard deduction from the assessed value of the homestead may
	2238	+	28 be applied for the assessment date. Subject to subsection (c), the
	2239	+	29 auditor of the county shall record and make the deduction for the
	2240	+	30 individual or entity qualifying for the deduction.
	2241	+	31 (c) Except as provided in section 40.5 of this chapter, the total
	2242	+	32 amount of the deduction that a person may receive under this section
	2243	+	33 for a particular year is: the lesser of:
	2244	+	34 (1) for assessment dates before January 1, 2025, the lesser of:
	2245	+	35 (A) sixty percent (60%) of the assessed value of the real
	2246	+	36 property, mobile home not assessed as real property, or
	2247	+	37 manufactured home not assessed as real property; or
	2248	+	38 (B) forty-eight thousand dollars ($48,000); or
	2249	+	39 (2) for assessment dates:
	2250	+	40 (A) before January 1, 2023, forty-five thousand dollars
	2251	+	41 ($45,000); or
	2252	+	42 (B) after December 31, 2022, forty-eight thousand dollars
	2253	+	ES 1—LS 7244/DI 120 50
	2254	+	1 ($48,000).
	2255	+	2 (2) for assessment dates after December 31, 2024:
	2256	+	3 (A) in 2025, forty-eight thousand dollars ($48,000);
	2257	+	4 (B) in 2026, forty thousand dollars ($40,000);
	2258	+	5 (C) in 2027, thirty thousand dollars ($30,000);
	2259	+	6 (D) in 2028, twenty thousand dollars ($20,000); and
	2260	+	7 (E) in 2029, ten thousand dollars ($10,000).
	2261	+	8 Beginning with the 2030 assessment date, and each assessment date
	2262	+	9 thereafter, the deduction amount under this section is zero (0).
	2263	+	10 Application of the phase down under this section for assessment
	2264	+	11 dates after December 31, 2024, with regard to mobile homes that
	2265	+	12 are not assessed as real property and manufactured homes not
	2266	+	13 assessed as real property shall be construed and applied in the
	2267	+	14 same manner in terms of timing and consistent with its application
	2268	+	15 for real property.
	2269	+	16 (d) A person who has sold real property, a mobile home not assessed
	2270	+	17 as real property, or a manufactured home not assessed as real property
	2271	+	18 to another person under a contract that provides that the contract buyer
	2272	+	19 is to pay the property taxes on the real property, mobile home, or
	2273	+	20 manufactured home may not claim the deduction provided under this
	2274	+	21 section with respect to that real property, mobile home, or
	2275	+	22 manufactured home.
	2276	+	23 (e) Except as provided in sections 17.8 and 44 of this chapter and
	2277	+	24 subject to section 45 of this chapter, an individual who desires to claim
	2278	+	25 the deduction provided by this section must file a certified statement on
	2279	+	26 forms prescribed by the department of local government finance with
	2280	+	27 the auditor of the county in which the homestead is located. The
	2281	+	28 statement must include:
	2282	+	29 (1) the parcel number or key number of the property and the name
	2283	+	30 of the city, town, or township in which the property is located;
	2284	+	31 (2) the name of any other location in which the applicant or the
	2285	+	32 applicant's spouse owns, is buying, or has a beneficial interest in
	2286	+	33 residential real property;
	2287	+	34 (3) the names of:
	2288	+	35 (A) the applicant and the applicant's spouse (if any):
	2289	+	36 (i) as the names appear in the records of the United States
	2290	+	37 Social Security Administration for the purposes of the
	2291	+	38 issuance of a Social Security card and Social Security
	2292	+	39 number; or
	2293	+	40 (ii) that they use as their legal names when they sign their
	2294	+	41 names on legal documents;
	2295	+	42 if the applicant is an individual; or
	2296	+	ES 1—LS 7244/DI 120 51
	2297	+	1 (B) each individual who qualifies property as a homestead
	2298	+	2 under subsection (a)(2)(B) and the individual's spouse (if any):
	2299	+	3 (i) as the names appear in the records of the United States
	2300	+	4 Social Security Administration for the purposes of the
	2301	+	5 issuance of a Social Security card and Social Security
	2302	+	6 number; or
	2303	+	7 (ii) that they use as their legal names when they sign their
	2304	+	8 names on legal documents;
	2305	+	9 if the applicant is not an individual; and
	2306	+	10 (4) either:
	2307	+	11 (A) the last five (5) digits of the applicant's Social Security
	2308	+	12 number and the last five (5) digits of the Social Security
	2309	+	13 number of the applicant's spouse (if any); or
	2310	+	14 (B) if the applicant or the applicant's spouse (if any) does not
	2311	+	15 have a Social Security number, any of the following for that
	2312	+	16 individual:
	2313	+	17 (i) The last five (5) digits of the individual's driver's license
	2314	+	18 number.
	2315	+	19 (ii) The last five (5) digits of the individual's state
	2316	+	20 identification card number.
	2317	+	21 (iii) The last five (5) digits of a preparer tax identification
	2318	+	22 number that is obtained by the individual through the
	2319	+	23 Internal Revenue Service of the United States.
	2320	+	24 (iv) If the individual does not have a driver's license, a state
	2321	+	25 identification card, or an Internal Revenue Service preparer
	2322	+	26 tax identification number, the last five (5) digits of a control
	2323	+	27 number that is on a document issued to the individual by the
	2324	+	28 United States government.
	2325	+	29 If a form or statement provided to the county auditor under this section,
	2326	+	30 IC 6-1.1-22-8.1, or IC 6-1.1-22.5-12 includes the telephone number or
	2327	+	31 part or all of the Social Security number of a party or other number
	2328	+	32 described in subdivision (4)(B) of a party, the telephone number and
	2329	+	33 the Social Security number or other number described in subdivision
	2330	+	34 (4)(B) included are confidential. The statement may be filed in person
	2331	+	35 or by mail. If the statement is mailed, the mailing must be postmarked
	2332	+	36 on or before the last day for filing. The statement applies for that first
	2333	+	37 year and any succeeding year for which the deduction is allowed. To
	2334	+	38 obtain the deduction for a desired calendar year in which property
	2335	+	39 taxes are first due and payable, the statement must be completed and
	2336	+	40 dated in the immediately preceding calendar year and filed with the
	2337	+	41 county auditor on or before January 5 of the calendar year in which
	2338	+	42 the property taxes are first due and payable.
	2339	+	ES 1—LS 7244/DI 120 52
	2340	+	1 (f) To obtain the deduction for a desired calendar year under this
	2341	+	2 section in which property taxes are first due and payable, the
	2342	+	3 individual desiring to claim the deduction must do the following as
	2343	+	4 applicable:
	2344	+	5 (1) Complete, date, and file the certified statement described in
	2345	+	6 subsection (e) on or before January 15 of the calendar year in
	2346	+	7 which the property taxes are first due and payable.
	2347	+	8 (2) Satisfy any recording requirements on or before January 15
	2348	+	9 of the calendar year in which the property taxes are first due and
	2349	+	10 payable for a homestead described in subsection (a)(2).
	2350	+	11 (f) (g) Except as provided in subsection (k), (l), if a person who is
	2351	+	12 receiving, or seeks to receive, the deduction provided by this section in
	2352	+	13 the person's name:
	2353	+	14 (1) changes the use of the individual's property so that part or all
	2354	+	15 of the property no longer qualifies for the deduction under this
	2355	+	16 section; or
	2356	+	17 (2) is not eligible for a deduction under this section because the
	2357	+	18 person is already receiving:
	2358	+	19 (A) a deduction under this section in the person's name as an
	2359	+	20 individual or a spouse; or
	2360	+	21 (B) a deduction under the law of another state that is
	2361	+	22 equivalent to the deduction provided by this section;
	2362	+	23 the person must file a certified statement with the auditor of the county,
	2363	+	24 notifying the auditor of the person's ineligibility, not more than sixty
	2364	+	25 (60) days after the date of the change in eligibility. A person who fails
	2365	+	26 to file the statement required by this subsection may, under
	2366	+	27 IC 6-1.1-36-17, be liable for any additional taxes that would have been
	2367	+	28 due on the property if the person had filed the statement as required by
	2368	+	29 this subsection plus a civil penalty equal to ten percent (10%) of the
	2369	+	30 additional taxes due. The civil penalty imposed under this subsection
	2370	+	31 is in addition to any interest and penalties for a delinquent payment that
	2371	+	32 might otherwise be due. One percent (1%) of the total civil penalty
	2372	+	33 collected under this subsection shall be transferred by the county to the
	2373	+	34 department of local government finance for use by the department in
	2374	+	35 establishing and maintaining the homestead property data base under
	2375	+	36 subsection (i) (j) and, to the extent there is money remaining, for any
	2376	+	37 other purposes of the department. This amount becomes part of the
	2377	+	38 property tax liability for purposes of this article.
	2378	+	39 (g) (h) The department of local government finance may adopt rules
	2379	+	40 or guidelines concerning the application for a deduction under this
	2380	+	41 section.
	2381	+	42 (h) (i) This subsection does not apply to property in the first year for
	2382	+	ES 1—LS 7244/DI 120 53
	2383	+	1 which a deduction is claimed under this section if the sole reason that
	2384	+	2 a deduction is claimed on other property is that the individual or
	2385	+	3 married couple maintained a principal residence at the other property
	2386	+	4 on the assessment date in the same year in which an application for a
	2387	+	5 deduction is filed under this section or, if the application is for a
	2388	+	6 homestead that is assessed as personal property, on the assessment date
	2389	+	7 in the immediately preceding year and the individual or married couple
	2390	+	8 is moving the individual's or married couple's principal residence to the
	2391	+	9 property that is the subject of the application. Except as provided in
	2392	+	10 subsection (k), (l), the county auditor may not grant an individual or a
	2393	+	11 married couple a deduction under this section if:
	2394	+	12 (1) the individual or married couple, for the same year, claims the
	2395	+	13 deduction on two (2) or more different applications for the
	2396	+	14 deduction; and
	2397	+	15 (2) the applications claim the deduction for different property.
	2398	+	16 (i) (j) The department of local government finance shall provide
	2399	+	17 secure access to county auditors to a homestead property data base that
	2400	+	18 includes access to the homestead owner's name and the numbers
	2401	+	19 required from the homestead owner under subsection (e)(4) for the sole
	2402	+	20 purpose of verifying whether an owner is wrongly claiming a deduction
	2403	+	21 under this chapter or a credit under IC 6-1.1-20.4, IC 6-1.1-20.6, or
	2404	+	22 IC 6-3.6-5 (after December 31, 2016). (before its expiration). Each
	2405	+	23 county auditor shall submit data on deductions applicable to the current
	2406	+	24 tax year on or before March 15 of each year in a manner prescribed by
	2407	+	25 the department of local government finance.
	2408	+	26 (j) (k) A county auditor may require an individual to provide
	2409	+	27 evidence proving that the individual's residence is the individual's
	2410	+	28 principal place of residence as claimed in the certified statement filed
	2411	+	29 under subsection (e). The county auditor may limit the evidence that an
	2412	+	30 individual is required to submit to a state income tax return, a valid
	2413	+	31 driver's license, or a valid voter registration card showing that the
	2414	+	32 residence for which the deduction is claimed is the individual's
	2415	+	33 principal place of residence. The county auditor may not deny an
	2416	+	34 application filed under section 44 of this chapter because the applicant
	2417	+	35 does not have a valid driver's license or state identification card with
	2418	+	36 the address of the homestead property. The department of local
	2419	+	37 government finance shall work with county auditors to develop
	2420	+	38 procedures to determine whether a property owner that is claiming a
	2421	+	39 standard deduction or homestead credit is not eligible for the standard
	2422	+	40 deduction or homestead credit because the property owner's principal
	2423	+	41 place of residence is outside Indiana.
	2424	+	42 (k) (l) A county auditor shall grant an individual a deduction under
	2425	+	ES 1—LS 7244/DI 120 54
	2426	+	1 this section regardless of whether the individual and the individual's
	2427	+	2 spouse claim a deduction on two (2) different applications and each
	2428	+	3 application claims a deduction for different property if the property
	2429	+	4 owned by the individual's spouse is located outside Indiana and the
	2430	+	5 individual files an affidavit with the county auditor containing the
	2431	+	6 following information:
	2432	+	7 (1) The names of the county and state in which the individual's
	2433	+	8 spouse claims a deduction substantially similar to the deduction
	2434	+	9 allowed by this section.
	2435	+	10 (2) A statement made under penalty of perjury that the following
	2436	+	11 are true:
	2437	+	12 (A) That the individual and the individual's spouse maintain
	2438	+	13 separate principal places of residence.
	2439	+	14 (B) That neither the individual nor the individual's spouse has
	2440	+	15 an ownership interest in the other's principal place of
	2441	+	16 residence.
	2442	+	17 (C) That neither the individual nor the individual's spouse has,
	2443	+	18 for that same year, claimed a standard or substantially similar
	2444	+	19 deduction for any property other than the property maintained
	2445	+	20 as a principal place of residence by the respective individuals.
	2446	+	21 A county auditor may require an individual or an individual's spouse to
	2447	+	22 provide evidence of the accuracy of the information contained in an
	2448	+	23 affidavit submitted under this subsection. The evidence required of the
	2449	+	24 individual or the individual's spouse may include state income tax
	2450	+	25 returns, excise tax payment information, property tax payment
	2451	+	26 information, driver driver's license information, and voter registration
	2452	+	27 information.
	2453	+	28 (l) (m) If:
	2454	+	29 (1) a property owner files a statement under subsection (e) to
	2455	+	30 claim the deduction provided by this section for a particular
	2456	+	31 property; and
	2457	+	32 (2) the county auditor receiving the filed statement determines
	2458	+	33 that the property owner's property is not eligible for the deduction;
	2459	+	34 the county auditor shall inform the property owner of the county
	2460	+	35 auditor's determination in writing. If a property owner's property is not
	2461	+	36 eligible for the deduction because the county auditor has determined
	2462	+	37 that the property is not the property owner's principal place of
	2463	+	38 residence, the property owner may appeal the county auditor's
	2464	+	39 determination as provided in IC 6-1.1-15. The county auditor shall
	2465	+	40 inform the property owner of the owner's right to appeal when the
	2466	+	41 county auditor informs the property owner of the county auditor's
	2467	+	42 determination under this subsection.
	2468	+	ES 1—LS 7244/DI 120 55
	2469	+	1 (m) (n) An individual is entitled to the deduction under this section
	2470	+	2 for a homestead for a particular assessment date if:
	2471	+	3 (1) either:
	2472	+	4 (A) the individual's interest in the homestead as described in
	2473	+	5 subsection (a)(2)(B) is conveyed to the individual after the
	2474	+	6 assessment date, but within the calendar year in which the
	2475	+	7 assessment date occurs; or
	2476	+	8 (B) the individual contracts to purchase the homestead after
	2477	+	9 the assessment date, but within the calendar year in which the
	2478	+	10 assessment date occurs;
	2479	+	11 (2) on the assessment date:
	2480	+	12 (A) the property on which the homestead is currently located
	2481	+	13 was vacant land; or
	2482	+	14 (B) the construction of the dwelling that constitutes the
	2483	+	15 homestead was not completed; and
	2484	+	16 (3) either:
	2485	+	17 (A) the individual files the certified statement required by
	2486	+	18 subsection (e); or
	2487	+	19 (B) a sales disclosure form that meets the requirements of
	2488	+	20 section 44 of this chapter is submitted to the county assessor
	2489	+	21 on or before December 31 of the calendar year for the
	2490	+	22 individual's purchase of the homestead.
	2491	+	23 An individual who satisfies the requirements of subdivisions (1)
	2492	+	24 through (3) is entitled to the deduction under this section for the
	2493	+	25 homestead for the assessment date, even if on the assessment date the
	2494	+	26 property on which the homestead is currently located was vacant land
	2495	+	27 or the construction of the dwelling that constitutes the homestead was
	2496	+	28 not completed. The county auditor shall apply the deduction for the
	2497	+	29 assessment date and for the assessment date in any later year in which
	2498	+	30 the homestead remains eligible for the deduction. A homestead that
	2499	+	31 qualifies for the deduction under this section as provided in this
	2500	+	32 subsection is considered a homestead for purposes of section 37.5 of
	2501	+	33 this chapter and IC 6-1.1-20.6.
	2502	+	34 (n) (o) This subsection applies to an application for the deduction
	2503	+	35 provided by this section that is filed for an assessment date occurring
	2504	+	36 after December 31, 2013. Notwithstanding any other provision of this
	2505	+	37 section, an individual buying a mobile home that is not assessed as real
	2506	+	38 property or a manufactured home that is not assessed as real property
	2507	+	39 under a contract providing that the individual is to pay the property
	2508	+	40 taxes on the mobile home or manufactured home is not entitled to the
	2509	+	41 deduction provided by this section unless the parties to the contract
	2510	+	42 comply with IC 9-17-6-17.
	2511	+	ES 1—LS 7244/DI 120 56
	2512	+	1 (o) (p) This subsection:
	2513	+	2 (1) applies to an application for the deduction provided by this
	2514	+	3 section that is filed for an assessment date occurring after
	2515	+	4 December 31, 2013; and
	2516	+	5 (2) does not apply to an individual described in subsection (n).
	2517	+	6 (o).
	2518	+	7 The owner of a mobile home that is not assessed as real property or a
	2519	+	8 manufactured home that is not assessed as real property must attach a
	2520	+	9 copy of the owner's title to the mobile home or manufactured home to
	2521	+	10 the application for the deduction provided by this section.
	2522	+	11 (p) (q) For assessment dates after 2013, the term "homestead"
	2523	+	12 includes property that is owned by an individual who:
	2524	+	13 (1) is serving on active duty in any branch of the armed forces of
	2525	+	14 the United States;
	2526	+	15 (2) was ordered to transfer to a location outside Indiana; and
	2527	+	16 (3) was otherwise eligible, without regard to this subsection, for
	2528	+	17 the deduction under this section for the property for the
	2529	+	18 assessment date immediately preceding the transfer date specified
	2530	+	19 in the order described in subdivision (2).
	2531	+	20 For property to qualify under this subsection for the deduction provided
	2532	+	21 by this section, the individual described in subdivisions (1) through (3)
	2533	+	22 must submit to the county auditor a copy of the individual's transfer
	2534	+	23 orders or other information sufficient to show that the individual was
	2535	+	24 ordered to transfer to a location outside Indiana. The property continues
	2536	+	25 to qualify for the deduction provided by this section until the individual
	2537	+	26 ceases to be on active duty, the property is sold, or the individual's
	2538	+	27 ownership interest is otherwise terminated, whichever occurs first.
	2539	+	28 Notwithstanding subsection (a)(2), the property remains a homestead
	2540	+	29 regardless of whether the property continues to be the individual's
	2541	+	30 principal place of residence after the individual transfers to a location
	2542	+	31 outside Indiana. The property continues to qualify as a homestead
	2543	+	32 under this subsection if the property is leased while the individual is
	2544	+	33 away from Indiana and is serving on active duty, if the individual has
	2545	+	34 lived at the property at any time during the past ten (10) years.
	2546	+	35 Otherwise, the property ceases to qualify as a homestead under this
	2547	+	36 subsection if the property is leased while the individual is away from
	2548	+	37 Indiana. Property that qualifies as a homestead under this subsection
	2549	+	38 shall also be construed as a homestead for purposes of section 37.5 of
	2550	+	39 this chapter.
	2551	+	40 (q) (r) As used in this section, "homestead" includes property that
	2552	+	41 satisfies each of the following requirements:
	2553	+	42 (1) The property is located in Indiana and consists of a dwelling
	2554	+	ES 1—LS 7244/DI 120 57
	2555	+	1 and includes up to one (1) acre of land immediately surrounding
	2556	+	2 that dwelling, and any of the following improvements:
	2557	+	3 (A) Any number of decks, patios, gazebos, or pools.
	2558	+	4 (B) One (1) additional building that is not part of the dwelling
	2559	+	5 if the building is predominately used for a residential purpose
	2560	+	6 and is not used as an investment property or as a rental
	2561	+	7 property.
	2562	+	8 (C) One (1) additional residential yard structure other than a
	2563	+	9 deck, patio, gazebo, or pool.
	2564	+	10 (2) The property is the principal place of residence of an
	2565	+	11 individual.
	2566	+	12 (3) The property is owned by an entity that is not described in
	2567	+	13 subsection (a)(2)(B).
	2568	+	14 (4) The individual residing on the property is a shareholder,
	2569	+	15 partner, or member of the entity that owns the property.
	2570	+	16 (5) The property was eligible for the standard deduction under
	2571	+	17 this section on March 1, 2009.
	2572	+	18 SECTION 45. IC 6-1.1-12-37.5, AS AMENDED BY P.L.239-2023,
	2573	+	19 SECTION 2, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	2574	+	20 JANUARY 1, 2025 (RETROACTIVE)]: Sec. 37.5. (a) A person who
	2575	+	21 is entitled to a standard deduction from the assessed value of property
	2576	+	22 under section 37 of this chapter is also entitled to receive a
	2577	+	23 supplemental deduction from the assessed value of the homestead to
	2578	+	24 which the standard deduction applies after the application of the
	2579	+	25 standard deduction but before the application of any other deduction,
	2580	+	26 exemption, or credit for which the person is eligible.
	2581	+	27 (b) This subsection applies to taxes first due and payable before
	2582	+	28 January 1, 2026. The amount of the deduction under this section is
	2583	+	29 equal to the sum of the following:
	2584	+	30 (1) For property taxes first due and payable:
	2585	+	31 (A) before January 1, 2024, thirty-five percent (35%);
	2586	+	32 (B) in 2024, forty percent (40%); and
	2587	+	33 (C) in 2025, thirty-seven and five-tenths percent (37.5%); and
	2588	+	34 (D) after December 31, 2025, thirty-five percent (35%);
	2589	+	35 of the assessed value determined under subsection (a) that is not
	2590	+	36 more than six hundred thousand dollars ($600,000).
	2591	+	37 (2) For property taxes first due and payable:
	2592	+	38 (A) before January 1, 2024, twenty-five percent (25%);
	2593	+	39 (B) in 2024, thirty percent (30%); and
	2594	+	40 (C) in 2025, twenty-seven and five-tenths percent (27.5%);
	2595	+	41 and
	2596	+	42 (D) after December 31, 2025, twenty-five percent (25%);
	2597	+	ES 1—LS 7244/DI 120 58
	2598	+	1 of the assessed value determined under subsection (a) that is more
	2599	+	2 than six hundred thousand dollars ($600,000).
	2600	+	3 (c) This subsection applies to taxes first due and payable after
	2601	+	4 December 31, 2025. The amount of the deduction under this section
	2602	+	5 is equal to:
	2603	+	6 (1) the assessed value of property reduced by the deduction
	2604	+	7 amount under section 37 of this chapter for the property for
	2605	+	8 the particular tax year; multiplied by
	2606	+	9 (2) the following:
	2607	+	10 (A) Forty percent (40%) for taxes first due and payable in
	2608	+	11 2026.
	2609	+	12 (B) Forty-six percent (46%) for taxes first due and payable
	2610	+	13 in 2027.
	2611	+	14 (C) Fifty-two percent (52%) for taxes first due and payable
	2612	+	15 in 2028.
	2613	+	16 (D) Fifty-seven percent (57%) for taxes first due and
	2614	+	17 payable in 2029.
	2615	+	18 (E) Sixty-two percent (62%) for taxes first due and payable
	2616	+	19 in 2030.
	2617	+	20 (F) Sixty-six and seven-tenths percent (66.7%) for taxes
	2618	+	21 first due and payable in 2031, and each year thereafter.
	2619	+	22 However, the amount of the deduction under this section may not
	2620	+	23 exceed the amount equal to seventy-five percent (75%) of the gross
	2621	+	24 assessed value of the property.
	2622	+	25 (c) (d) The auditor of the county shall record and make the
	2623	+	26 deduction for the person qualifying for the deduction.
	2624	+	27 (d) (e) The deduction granted under this section shall not be
	2625	+	28 considered in applying section 40.5 of this chapter to the deductions
	2626	+	29 applicable to property. Section 40.5 of this chapter does not apply to
	2627	+	30 the deduction granted under this section.
	2628	+	31 SECTION 46. IC 6-1.1-12-38, AS AMENDED BY P.L.136-2024,
	2629	+	32 SECTION 15, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	2630	+	33 JANUARY 1, 2025 (RETROACTIVE)]: Sec. 38. (a) A person is
	2631	+	34 entitled to a deduction from the assessed value of the person's property
	2632	+	35 in an amount equal to the difference between:
	2633	+	36 (1) the assessed value of the person's property, including the
	2634	+	37 assessed value of the improvements made to comply with the
	2635	+	38 fertilizer storage rules adopted by the state chemist under
	2636	+	39 IC 15-16-2-44 and the pesticide storage rules adopted by the state
	2637	+	40 chemist under IC 15-16-4-52; minus
	2638	+	41 (2) the assessed value of the person's property, excluding the
	2639	+	42 assessed value of the improvements made to comply with the
	2640	+	ES 1—LS 7244/DI 120 59
	2641	+	1 fertilizer storage rules adopted by the state chemist under
	2642	+	2 IC 15-16-2-44 and the pesticide storage rules adopted by the state
	2643	+	3 chemist under IC 15-16-4-52.
	2644	+	4 (b) To obtain the deduction under this section, a person must file a
	2645	+	5 certified statement in duplicate, on forms prescribed by the department
	2646	+	6 of local government finance, with the auditor of the county in which the
	2647	+	7 property is subject to assessment. In addition to the certified statement,
	2648	+	8 the person must file a certification by the state chemist listing the
	2649	+	9 improvements that were made to comply with the fertilizer storage
	2650	+	10 rules adopted under IC 15-16-2-44 and the pesticide storage rules
	2651	+	11 adopted by the state chemist under IC 15-16-4-52. Subject to section
	2652	+	12 45 of this chapter, the statement must be completed, dated, and filed
	2653	+	13 with the county auditor on or before January 15 of the immediately
	2654	+	14 succeeding calendar year. Upon the verification of the statement and
	2655	+	15 certification by the assessor of the township in which the property is
	2656	+	16 subject to assessment, or the county assessor if there is no township
	2657	+	17 assessor for the township, the county auditor shall allow the deduction.
	2658	+	18 (c) The deduction provided by this section applies only if the
	2659	+	19 person:
	2660	+	20 (1) owns the property; or
	2661	+	21 (2) is buying the property under contract;
	2662	+	22 on the assessment date for which the deduction applies.
	2663	+	23 (d) This section applies only to property taxes imposed for an
	2664	+	24 assessment date before January 1, 2025.
	2665	+	25 (e) This section expires January 1, 2027.
	2666	+	26 SECTION 47. IC 6-1.1-12-40 IS AMENDED TO READ AS
	2667	+	27 FOLLOWS [EFFECTIVE JANUARY 1, 2025 (RETROACTIVE)]:
	2668	+	28 Sec. 40. (a) This section applies only to real property that is located in
	2669	+	29 an enterprise zone established in a county containing a consolidated
	2670	+	30 city.
	2671	+	31 (b) The owner of real property described in subsection (a) is entitled
	2672	+	32 to a deduction under this section if:
	2673	+	33 (1) an obsolescence depreciation adjustment for either functional
	2674	+	34 obsolescence or economic obsolescence was allowed for the
	2675	+	35 property for property taxes assessed in the year preceding the year
	2676	+	36 in which the owner purchased the property;
	2677	+	37 (2) the property owner submits an application requesting the
	2678	+	38 deduction to the fiscal body of the county in which the property
	2679	+	39 is located; and
	2680	+	40 (3) the fiscal body of the county approves the deduction.
	2681	+	41 (c) If a county fiscal body approves a deduction under this section,
	2682	+	42 it must notify the county auditor of the approval of the deduction.
	2683	+	ES 1—LS 7244/DI 120 60
	2684	+	1 (d) A deduction may be claimed under this section for not more than
	2685	+	2 four (4) years. The amount of the deduction under this section equals:
	2686	+	3 (1) the amount of the obsolescence depreciation adjustment for
	2687	+	4 either functional obsolescence or economic obsolescence that was
	2688	+	5 allowed for the property for property taxes assessed in the year
	2689	+	6 preceding the year in which the owner purchased the property;
	2690	+	7 multiplied by
	2691	+	8 (2) the following percentages:
	2692	+	9 (A) One hundred percent (100%), for property taxes assessed
	2693	+	10 in the year in which the owner purchased the property.
	2694	+	11 (B) Seventy-five percent (75%), for property taxes assessed in
	2695	+	12 the year after the year in which the owner purchased the
	2696	+	13 property.
	2697	+	14 (C) Fifty percent (50%), for property taxes assessed in the
	2698	+	15 second year after the year in which the owner purchased the
	2699	+	16 property.
	2700	+	17 (D) Twenty-five percent (25%), for property taxes assessed in
	2701	+	18 the third year after the year in which the owner purchased the
	2702	+	19 property.
	2703	+	20 (e) This section applies only to property taxes imposed for an
	2704	+	21 assessment date before January 1, 2025.
	2705	+	22 (f) This section expires January 1, 2027.
	2706	+	23 SECTION 48. IC 6-1.1-12-42, AS AMENDED BY P.L.146-2008,
	2707	+	24 SECTION 119, IS AMENDED TO READ AS FOLLOWS
	2708	+	25 [EFFECTIVE JANUARY 1, 2025 (RETROACTIVE)]: Sec. 42. (a) As
	2709	+	26 used in this section, "assessed value of inventory" means the assessed
	2710	+	27 value determined after the application of any deductions or adjustments
	2711	+	28 that apply by statute or rule to the assessment of inventory, other than
	2712	+	29 the deduction established in subsection (c).
	2713	+	30 (b) As used in this section, "inventory" has the meaning set forth in
	2714	+	31 IC 6-1.1-3-11 (repealed).
	2715	+	32 (c) A taxpayer is entitled to a deduction from assessed value equal
	2716	+	33 to one hundred percent (100%) of the taxpayer's assessed value of
	2717	+	34 inventory for assessments made in 2006 for property taxes first due and
	2718	+	35 payable in 2007.
	2719	+	36 (d) A taxpayer is not required to file an application to qualify for the
	2720	+	37 deduction established by this section.
	2721	+	38 (e) The department of local government finance shall incorporate
	2722	+	39 the deduction established by this section in the personal property return
	2723	+	40 form to be used each year for filing under IC 6-1.1-3-7 or
	2724	+	41 IC 6-1.1-3-7.5 to permit the taxpayer to enter the deduction on the
	2725	+	42 form. If a taxpayer fails to enter the deduction on the form, the
	2726	+	ES 1—LS 7244/DI 120 61
	2727	+	1 township assessor, or the county assessor if there is no township
	2728	+	2 assessor for the township, shall:
	2729	+	3 (1) determine the amount of the deduction; and
	2730	+	4 (2) within the period established in IC 6-1.1-16-1, issue a notice
	2731	+	5 of assessment to the taxpayer that reflects the application of the
	2732	+	6 deduction to the inventory assessment.
	2733	+	7 (f) The deduction established by this section must be applied to any
	2734	+	8 inventory assessment made by:
	2735	+	9 (1) an assessing official;
	2736	+	10 (2) a county property tax assessment board of appeals; or
	2737	+	11 (3) the department of local government finance.
	2738	+	12 (g) This section applies only to property taxes imposed for an
	2739	+	13 assessment date before January 1, 2025.
	2740	+	14 (h) This section expires January 1, 2027.
	2741	+	15 SECTION 49. IC 6-1.1-12-43, AS AMENDED BY P.L.174-2022,
	2742	+	16 SECTION 23, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	2743	+	17 JANUARY 1, 2025 (RETROACTIVE)]: Sec. 43. (a) For purposes of
	2744	+	18 this section:
	2745	+	19 (1) "benefit" refers to a deduction under section 9 (before its
	2746	+	20 expiration), 11 (before its expiration), 13 (before its
	2747	+	21 expiration), 14 (before its expiration), 16 (before its
	2748	+	22 expiration), 17.4 (before its expiration), 26 (before its
	2749	+	23 expiration), 29 (before its expiration), 33 (before its
	2750	+	24 expiration), 34 (before its expiration), 37, or 37.5 of this
	2751	+	25 chapter;
	2752	+	26 (2) "closing agent" means a person that closes a transaction;
	2753	+	27 (3) "customer" means an individual who obtains a loan in a
	2754	+	28 transaction; and
	2755	+	29 (4) "transaction" means a single family residential:
	2756	+	30 (A) first lien purchase money mortgage transaction; or
	2757	+	31 (B) refinancing transaction.
	2758	+	32 (b) Before closing a transaction after December 31, 2004, a closing
	2759	+	33 agent must provide to the customer the form referred to in subsection
	2760	+	34 (c).
	2761	+	35 (c) Before June 1, 2004, the department of local government finance
	2762	+	36 shall prescribe the form to be provided by closing agents to customers
	2763	+	37 under subsection (b). The department shall make the form available to
	2764	+	38 closing agents, county assessors, county auditors, and county treasurers
	2765	+	39 in hard copy and electronic form. County assessors, county auditors,
	2766	+	40 and county treasurers shall make the form available to the general
	2767	+	41 public. The form must:
	2768	+	42 (1) on one (1) side:
	2769	+	ES 1—LS 7244/DI 120 62
	2770	+	1 (A) list each benefit; and
	2771	+	2 (B) list the eligibility criteria for each benefit;
	2772	+	3 (2) on the other side indicate:
	2773	+	4 (A) each action by and each type of documentation from the
	2774	+	5 customer required to file for each benefit; and
	2775	+	6 (B) sufficient instructions and information to permit a party to
	2776	+	7 terminate a standard deduction under section 37 of this chapter
	2777	+	8 on any property on which the party or the spouse of the party
	2778	+	9 will no longer be eligible for the standard deduction under
	2779	+	10 section 37 of this chapter after the party or the party's spouse
	2780	+	11 begins to reside at the property that is the subject of the
	2781	+	12 closing, including an explanation of the tax consequences and
	2782	+	13 applicable penalties, if a party unlawfully claims a standard
	2783	+	14 deduction under section 37 of this chapter; and
	2784	+	15 (3) be printed in one (1) of two (2) or more colors prescribed by
	2785	+	16 the department of local government finance that distinguish the
	2786	+	17 form from other documents typically used in a closing referred to
	2787	+	18 in subsection (b).
	2788	+	19 (d) A closing agent:
	2789	+	20 (1) may reproduce the form referred to in subsection (c);
	2790	+	21 (2) in reproducing the form, must use a print color prescribed by
	2791	+	22 the department of local government finance; and
	2792	+	23 (3) is not responsible for the content of the form referred to in
	2793	+	24 subsection (c) and shall be held harmless by the department of
	2794	+	25 local government finance from any liability for the content of the
	2795	+	26 form.
	2796	+	27 (e) This subsection applies to a transaction that is closed after
	2797	+	28 December 31, 2009. In addition to providing the customer the form
	2798	+	29 described in subsection (c) before closing the transaction, a closing
	2799	+	30 agent shall do the following as soon as possible after the closing, and
	2800	+	31 within the time prescribed by the department of insurance under
	2801	+	32 IC 27-7-3-15.5:
	2802	+	33 (1) To the extent determinable, input the information described in
	2803	+	34 IC 27-7-3-15.5(c)(2) into the system maintained by the
	2804	+	35 department of insurance under IC 27-7-3-15.5.
	2805	+	36 (2) Submit the form described in IC 27-7-3-15.5(c) to the data
	2806	+	37 base described in IC 27-7-3-15.5(c)(2)(D).
	2807	+	38 (f) A closing agent to which this section applies shall document the
	2808	+	39 closing agent's compliance with this section with respect to each
	2809	+	40 transaction in the form of verification of compliance signed by the
	2810	+	41 customer.
	2811	+	42 (g) Subject to IC 27-7-3-15.5(d), a closing agent is subject to a civil
	2812	+	ES 1—LS 7244/DI 120 63
	2813	+	1 penalty of twenty-five dollars ($25) for each instance in which the
	2814	+	2 closing agent fails to comply with this section with respect to a
	2815	+	3 customer. The penalty:
	2816	+	4 (1) may be enforced by the state agency that has administrative
	2817	+	5 jurisdiction over the closing agent in the same manner that the
	2818	+	6 agency enforces the payment of fees or other penalties payable to
	2819	+	7 the agency; and
	2820	+	8 (2) shall be paid into:
	2821	+	9 (A) the state general fund, if the closing agent fails to comply
	2822	+	10 with subsection (b); or
	2823	+	11 (B) the home ownership education account established by
	2824	+	12 IC 5-20-1-27, if the closing agent fails to comply with
	2825	+	13 subsection (e) in a transaction that is closed after December
	2826	+	14 31, 2009.
	2827	+	15 (h) A closing agent is not liable for any other damages claimed by
	2828	+	16 a customer because of:
	2829	+	17 (1) the closing agent's mere failure to provide the appropriate
	2830	+	18 document to the customer under subsection (b); or
	2831	+	19 (2) with respect to a transaction that is closed after December 31,
	2832	+	20 2009, the closing agent's failure to input the information or submit
	2833	+	21 the form described in subsection (e).
	2834	+	22 (i) The state agency that has administrative jurisdiction over a
	2835	+	23 closing agent shall:
	2836	+	24 (1) examine the closing agent to determine compliance with this
	2837	+	25 section; and
	2838	+	26 (2) impose and collect penalties under subsection (g).
	2839	+	27 SECTION 50. IC 6-1.1-12-44, AS AMENDED BY P.L.136-2024,
	2840	+	28 SECTION 16, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	2841	+	29 JANUARY 1, 2025 (RETROACTIVE)]: Sec. 44. (a) A sales disclosure
	2842	+	30 form under IC 6-1.1-5.5:
	2843	+	31 (1) that is submitted:
	2844	+	32 (A) as a paper form; or
	2845	+	33 (B) electronically;
	2846	+	34 on or before January 15 of a calendar year in which property taxes
	2847	+	35 are first due and payable to the county assessor by or on behalf of
	2848	+	36 the purchaser of a homestead (as defined in section 37 of this
	2849	+	37 chapter) assessed as real property;
	2850	+	38 (2) that is accurate and complete;
	2851	+	39 (3) that is approved by the county assessor as eligible for filing
	2852	+	40 with the county auditor; and
	2853	+	41 (4) that is filed:
	2854	+	42 (A) as a paper form; or
	2855	+	ES 1—LS 7244/DI 120 64
	2856	+	1 (B) electronically;
	2857	+	2 with the county auditor by or on behalf of the purchaser;
	2858	+	3 constitutes an application for the deductions provided by sections 26
	2859	+	4 (before its expiration), 29 (before its expiration), 33 (before its
	2860	+	5 expiration), 34 (before its expiration), and 37 of this chapter with
	2861	+	6 respect to property taxes first due and payable in the calendar year
	2862	+	7 referred to in subdivision (1). The county auditor may not deny an
	2863	+	8 application for the deductions provided by section 37 of this chapter
	2864	+	9 because the applicant does not have a valid driver's license or state
	2865	+	10 identification card with the address of the homestead property.
	2866	+	11 (b) Except as provided in subsection (c), if:
	2867	+	12 (1) the county auditor receives in a calendar year a sales
	2868	+	13 disclosure form that meets the requirements of subsection (a); and
	2869	+	14 (2) the homestead for which the sales disclosure form is submitted
	2870	+	15 is otherwise eligible for a deduction referred to in subsection (a);
	2871	+	16 the county auditor shall apply the deduction to the homestead for
	2872	+	17 property taxes first due and payable in the calendar year for which the
	2873	+	18 homestead qualifies under subsection (a) and in any later year in which
	2874	+	19 the homestead remains eligible for the deduction.
	2875	+	20 (c) Subsection (b) does not apply if the county auditor, after
	2876	+	21 receiving a sales disclosure form from or on behalf of a purchaser
	2877	+	22 under subsection (a)(4), determines that the homestead is ineligible for
	2878	+	23 the deduction.
	2879	+	24 SECTION 51. IC 6-1.1-12-46, AS AMENDED BY P.L.174-2022,
	2880	+	25 SECTION 25, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	2881	+	26 JANUARY 1, 2025 (RETROACTIVE)]: Sec. 46. (a) This section
	2882	+	27 applies to real property for an assessment date in 2011 or a later year
	2883	+	28 if:
	2884	+	29 (1) the real property is not exempt from property taxation for the
	2885	+	30 assessment date;
	2886	+	31 (2) title to the real property is transferred after the assessment date
	2887	+	32 and on or before the December 31 that next succeeds the
	2888	+	33 assessment date;
	2889	+	34 (3) the transferee of the real property applies for an exemption
	2890	+	35 under IC 6-1.1-11 for the next succeeding assessment date; and
	2891	+	36 (4) the county property tax assessment board of appeals
	2892	+	37 determines that the real property is exempt from property taxation
	2893	+	38 for that next succeeding assessment date.
	2894	+	39 (b) For the assessment date referred to in subsection (a)(1), real
	2895	+	40 property is eligible for any deductions for which the transferor under
	2896	+	41 subsection (a)(2) was eligible for that assessment date under the
	2897	+	42 following:
	2898	+	ES 1—LS 7244/DI 120 65
	2899	+	1 (1) IC 6-1.1-12-1 (before its repeal).
	2900	+	2 (2) IC 6-1.1-12-9 (before its expiration).
	2901	+	3 (3) IC 6-1.1-12-11 (before its expiration).
	2902	+	4 (4) IC 6-1.1-12-13 (before its expiration).
	2903	+	5 (5) IC 6-1.1-12-14 (before its expiration).
	2904	+	6 (6) IC 6-1.1-12-16 (before its expiration).
	2905	+	7 (7) IC 6-1.1-12-17.4 (before its expiration).
	2906	+	8 (8) IC 6-1.1-12-18 (before its expiration).
	2907	+	9 (9) IC 6-1.1-12-22 (before its expiration).
	2908	+	10 (10) IC 6-1.1-12-37.
	2909	+	11 (11) IC 6-1.1-12-37.5.
	2910	+	12 (c) For the payment date applicable to the assessment date referred
	2911	+	13 to in subsection (a)(1), real property is eligible for the credit for
	2912	+	14 excessive residential property taxes under IC 6-1.1-20.6 for which the
	2913	+	15 transferor under subsection (a)(2) would be eligible for that payment
	2914	+	16 date if the transfer had not occurred.
	2915	+	17 SECTION 52. IC 6-1.1-12-47 IS ADDED TO THE INDIANA
	2916	+	18 CODE AS A NEW SECTION TO READ AS FOLLOWS
	2917	+	19 [EFFECTIVE JANUARY 1, 2025 (RETROACTIVE)]: Sec. 47. (a)
	2918	+	20 This section applies to assessment dates beginning after December
	2919	+	21 31, 2024.
	2920	+	22 (b) As used in the section, "eligible property" means all
	2921	+	23 property that is subject to the credit for excessive property taxes
	2922	+	24 under IC 6-1.1-20.6-7.5(a)(2) through IC 6-1.1-20.6-7.5(a)(4).
	2923	+	25 (c) A taxpayer is entitled to a deduction from the assessed value
	2924	+	26 of the taxpayer's eligible property after the application of any
	2925	+	27 other deductions that apply under this article equal to:
	2926	+	28 (1) six percent (6%) of the taxpayer's assessed value for
	2927	+	29 assessments made in 2025 for property taxes first due and
	2928	+	30 payable in 2026;
	2929	+	31 (2) twelve percent (12%) of the taxpayer's assessed value for
	2930	+	32 assessments made in 2026 for property taxes first due and
	2931	+	33 payable in 2027;
	2932	+	34 (3) nineteen percent (19%) of the taxpayer's assessed value
	2933	+	35 for assessments made in 2027 for property taxes first due and
	2934	+	36 payable in 2028;
	2935	+	37 (4) twenty-five percent (25%) of the taxpayer's assessed value
	2936	+	38 for assessments made in 2028 for property taxes first due and
	2937	+	39 payable in 2029;
	2938	+	40 (5) thirty percent (30%) of the taxpayer's assessed value for
	2939	+	41 assessments made in 2029 for property taxes first due and
	2940	+	42 payable in 2030; and
	2941	+	ES 1—LS 7244/DI 120 66
	2942	+	1 (6) thirty-three and four-tenths percent (33.4%) of the
	2943	+	2 taxpayer's assessed value for assessments made in 2030 for
	2944	+	3 property taxes first due and payable in 2031, and for
	2945	+	4 assessments made in each taxable year thereafter.
	2946	+	5 (d) A taxpayer is not required to file an application to qualify
	2947	+	6 for the deduction established by this section. A county auditor shall
	2948	+	7 apply the deduction to eligible property in the county as set forth
	2949	+	8 in this section.
	2950	+	9 (e) Application of the phased in deduction under this section for
	2951	+	10 assessment dates after December 31, 2024, with regard to mobile
	2952	+	11 homes that are not assessed as real property and manufactured
	2953	+	12 homes not assessed as real property shall be construed and applied
	2954	+	13 in the same manner in terms of timing and consistent with its
	2955	+	14 application for real property.
	2956	+	15 SECTION 53. IC 6-1.1-12.1-4.5, AS AMENDED BY P.L.8-2022,
	2957	+	16 SECTION 5, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	2958	+	17 JANUARY 1, 2025 (RETROACTIVE)]: Sec. 4.5. (a) An applicant
	2959	+	18 must provide a statement of benefits to the designating body. The
	2960	+	19 applicant must provide the completed statement of benefits form to the
	2961	+	20 designating body before the hearing specified in section 2.5(c) of this
	2962	+	21 chapter or before the installation of the new manufacturing equipment,
	2963	+	22 new farm equipment, new research and development equipment, new
	2964	+	23 logistical distribution equipment, or new information technology
	2965	+	24 equipment for which the person desires to claim a deduction under this
	2966	+	25 chapter. The department of local government finance shall prescribe a
	2967	+	26 form for the statement of benefits. The statement of benefits must
	2968	+	27 include the following information:
	2969	+	28 (1) A description of the new manufacturing equipment, new farm
	2970	+	29 equipment, new research and development equipment, new
	2971	+	30 logistical distribution equipment, or new information technology
	2972	+	31 equipment that the person proposes to acquire. A statement of
	2973	+	32 benefits for new farm equipment must describe each piece of new
	2974	+	33 farm equipment with sufficient detail to afford identification.
	2975	+	34 (2) With respect to:
	2976	+	35 (A) new manufacturing equipment not used to dispose of solid
	2977	+	36 waste or hazardous waste by converting the solid waste or
	2978	+	37 hazardous waste into energy or other useful products; and
	2979	+	38 (B) new farm equipment, new research and development
	2980	+	39 equipment, new logistical distribution equipment, or new
	2981	+	40 information technology equipment;
	2982	+	41 an estimate of the number of individuals who will be employed or
	2983	+	42 whose employment will be retained by the person as a result of
	2984	+	ES 1—LS 7244/DI 120 67
	2985	+	1 the installation of the new manufacturing equipment, new farm
	2986	+	2 equipment, new research and development equipment, new
	2987	+	3 logistical distribution equipment, or new information technology
	2988	+	4 equipment and an estimate of the annual salaries of these
	2989	+	5 individuals.
	2990	+	6 (3) An estimate of the cost of the new manufacturing equipment,
	2991	+	7 new farm equipment, new research and development equipment,
	2992	+	8 new logistical distribution equipment, or new information
	2993	+	9 technology equipment.
	2994	+	10 (4) With respect to new manufacturing equipment used to dispose
	2995	+	11 of solid waste or hazardous waste by converting the solid waste
	2996	+	12 or hazardous waste into energy or other useful products, an
	2997	+	13 estimate of the amount of solid waste or hazardous waste that will
	2998	+	14 be converted into energy or other useful products by the new
	2999	+	15 manufacturing equipment.
	3000	+	16 The statement of benefits may be incorporated in a designation
	3001	+	17 application. Notwithstanding any other law, a statement of benefits is
	3002	+	18 a public record that may be inspected and copied under IC 5-14-3-3.
	3003	+	19 (b) The designating body must review the statement of benefits
	3004	+	20 required under subsection (a). The designating body shall determine
	3005	+	21 whether an area should be designated an economic revitalization area
	3006	+	22 or whether the deduction shall be allowed, based on (and after it has
	3007	+	23 made) the following findings:
	3008	+	24 (1) Whether the estimate of the cost of the new manufacturing
	3009	+	25 equipment, new farm equipment, new research and development
	3010	+	26 equipment, new logistical distribution equipment, or new
	3011	+	27 information technology equipment is reasonable for equipment of
	3012	+	28 that type.
	3013	+	29 (2) With respect to:
	3014	+	30 (A) new manufacturing equipment not used to dispose of solid
	3015	+	31 waste or hazardous waste by converting the solid waste or
	3016	+	32 hazardous waste into energy or other useful products; and
	3017	+	33 (B) new farm equipment, new research and development
	3018	+	34 equipment, new logistical distribution equipment, or new
	3019	+	35 information technology equipment;
	3020	+	36 whether the estimate of the number of individuals who will be
	3021	+	37 employed or whose employment will be retained can be
	3022	+	38 reasonably expected to result from the installation of the new
	3023	+	39 manufacturing equipment, new farm equipment, new research and
	3024	+	40 development equipment, new logistical distribution equipment, or
	3025	+	41 new information technology equipment.
	3026	+	42 (3) Whether the estimate of the annual salaries of those
	3027	+	ES 1—LS 7244/DI 120 68
	3028	+	1 individuals who will be employed or whose employment will be
	3029	+	2 retained can be reasonably expected to result from the proposed
	3030	+	3 installation of new manufacturing equipment, new farm
	3031	+	4 equipment, new research and development equipment, new
	3032	+	5 logistical distribution equipment, or new information technology
	3033	+	6 equipment.
	3034	+	7 (4) With respect to new manufacturing equipment used to dispose
	3035	+	8 of solid waste or hazardous waste by converting the solid waste
	3036	+	9 or hazardous waste into energy or other useful products, whether
	3037	+	10 the estimate of the amount of solid waste or hazardous waste that
	3038	+	11 will be converted into energy or other useful products can be
	3039	+	12 reasonably expected to result from the installation of the new
	3040	+	13 manufacturing equipment.
	3041	+	14 (5) Whether any other benefits about which information was
	3042	+	15 requested are benefits that can be reasonably expected to result
	3043	+	16 from the proposed installation of new manufacturing equipment,
	3044	+	17 new farm equipment, new research and development equipment,
	3045	+	18 new logistical distribution equipment, or new information
	3046	+	19 technology equipment.
	3047	+	20 (6) Whether the totality of benefits is sufficient to justify the
	3048	+	21 deduction.
	3049	+	22 The designating body may not designate an area an economic
	3050	+	23 revitalization area or approve the deduction unless it makes the
	3051	+	24 findings required by this subsection in the affirmative.
	3052	+	25 (c) Except as provided in subsection (f), and subject to subsection
	3053	+	26 (g) and section 15 of this chapter, an owner of new manufacturing
	3054	+	27 equipment, new farm equipment, new research and development
	3055	+	28 equipment, new logistical distribution equipment, or new information
	3056	+	29 technology equipment whose statement of benefits is approved is
	3057	+	30 entitled to a deduction from the assessed value of that equipment for
	3058	+	31 the number of years determined by the designating body under section
	3059	+	32 17 or 18 of this chapter. Except as provided in subsection (d) and in
	3060	+	33 section 2(i)(3) of this chapter, and subject to subsection (g) and section
	3061	+	34 15 of this chapter, the amount of the deduction that an owner is entitled
	3062	+	35 to for a particular year equals the product of:
	3063	+	36 (1) the assessed value of the new manufacturing equipment, new
	3064	+	37 farm equipment, new research and development equipment, new
	3065	+	38 logistical distribution equipment, or new information technology
	3066	+	39 equipment in the year of deduction under the abatement schedule
	3067	+	40 established under section 17 or 18 of this chapter; multiplied by
	3068	+	41 (2) the percentage prescribed by the designating body under
	3069	+	42 section 17 or 18 of this chapter.
	3070	+	ES 1—LS 7244/DI 120 69
	3071	+	1 (d) With respect to new manufacturing equipment and new research
	3072	+	2 and development equipment installed before March 2, 2001, the
	3073	+	3 deduction under this section is the amount that causes the net assessed
	3074	+	4 value of the property after the application of the deduction under this
	3075	+	5 section to equal the net assessed value after the application of the
	3076	+	6 deduction under this section that results from computing:
	3077	+	7 (1) the deduction under this section as in effect on March 1, 2001;
	3078	+	8 and
	3079	+	9 (2) the assessed value of the property under 50 IAC 4.2, as in
	3080	+	10 effect on March 1, 2001, or, in the case of property subject to
	3081	+	11 IC 6-1.1-8, 50 IAC 5.1, as in effect on March 1, 2001.
	3082	+	12 (e) The designating body shall determine the number of years the
	3083	+	13 deduction is allowed under section 17 or 18 of this chapter. Except as
	3084	+	14 provided by section 18 of this chapter, the deduction may not be
	3085	+	15 allowed for more than ten (10) years. This determination shall be made:
	3086	+	16 (1) as part of the resolution adopted under section 2.5 of this
	3087	+	17 chapter; or
	3088	+	18 (2) by resolution adopted within sixty (60) days after receiving a
	3089	+	19 copy of a property owner's certified deduction application from
	3090	+	20 the county auditor. A certified copy of the resolution shall be sent
	3091	+	21 to the county auditor.
	3092	+	22 A determination about the number of years the deduction is allowed
	3093	+	23 that is made under subdivision (1) is final and may not be changed by
	3094	+	24 following the procedure under subdivision (2).
	3095	+	25 (f) The owner of new manufacturing equipment that is directly used
	3096	+	26 to dispose of hazardous waste is not entitled to the deduction provided
	3097	+	27 by this section for a particular assessment year if during that
	3098	+	28 assessment year the owner:
	3099	+	29 (1) is convicted of a criminal violation under IC 13, including
	3100	+	30 IC 13-7-13-3 (repealed) or IC 13-7-13-4 (repealed); or
	3101	+	31 (2) is subject to an order or a consent decree with respect to
	3102	+	32 property located in Indiana based on a violation of a federal or
	3103	+	33 state rule, regulation, or statute governing the treatment, storage,
	3104	+	34 or disposal of hazardous wastes that had a major or moderate
	3105	+	35 potential for harm.
	3106	+	36 (g) For purposes of subsection (c), the assessed value of new
	3107	+	37 manufacturing equipment, new farm equipment, new research and
	3108	+	38 development equipment, new logistical distribution equipment, or new
	3109	+	39 information technology equipment that is part of an owner's assessable
	3110	+	40 depreciable personal property in a single taxing district subject to the
	3111	+	41 valuation limitation in 50 IAC 4.2-4-9 IC 6-1.1-3-29 or 50 IAC 5.1-6-9
	3112	+	42 IC 6-1.1-8-45 is the product of:
	3113	+	ES 1—LS 7244/DI 120 70
	3114	+	1 (1) the assessed value of the equipment determined without
	3115	+	2 regard to the valuation limitation in 50 IAC 4.2-4-9 IC 6-1.1-3-29
	3116	+	3 or 50 IAC 5.1-6-9; IC 6-1.1-8-45; multiplied by
	3117	+	4 (2) the quotient of:
	3118	+	5 (A) the amount of the valuation limitation determined under
	3119	+	6 50 IAC 4.2-4-9 IC 6-1.1-3-29 or 50 IAC 5.1-6-9 IC 6-1.1-8-45
	3120	+	7 for all of the owner's depreciable personal property in the
	3121	+	8 taxing district; divided by
	3122	+	9 (B) the total true tax value of all of the owner's depreciable
	3123	+	10 personal property in the taxing district that is subject to the
	3124	+	11 valuation limitation in 50 IAC 4.2-4-9 IC 6-1.1-3-29 or 50
	3125	+	12 IAC 5.1-6-9 IC 6-1.1-8-45 determined:
	3126	+	13 (i) under the depreciation schedules in the rules of the
	3127	+	14 department of local government finance before any
	3128	+	15 adjustment for abnormal obsolescence; and
	3129	+	16 (ii) without regard to the valuation limitation in 50
	3130	+	17 IAC 4.2-4-9 IC 6-1.1-3-29 or 50 IAC 5.1-6-9.
	3131	+	18 IC 6-1.1-8-45.
	3132	+	19 SECTION 54. IC 6-1.1-12.1-6, AS AMENDED BY P.L.181-2016,
	3133	+	20 SECTION 12, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	3134	+	21 JANUARY 1, 2025 (RETROACTIVE)]: Sec. 6. (a) A property owner
	3135	+	22 may not receive a deduction under this chapter for repairs or
	3136	+	23 improvements to real property if the property owner receives a
	3137	+	24 deduction under either IC 6-1.1-12-18 (before its expiration) or
	3138	+	25 IC 6-1.1-12-22 (before its expiration) for those same repairs or
	3139	+	26 improvements. This subsection expires January 1, 2033.
	3140	+	27 (b) A property owner may not receive a deduction under this chapter
	3141	+	28 if the property owner receives a deduction under IC 6-1.1-12-28.5
	3142	+	29 (before its expiration) for the same property.
	3143	+	30 SECTION 55. IC 6-1.1-17-3, AS AMENDED BY P.L.220-2021,
	3144	+	31 SECTION 2, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	3145	+	32 JULY 1, 2025]: Sec. 3. (a) The proper officers of a political subdivision
	3146	+	33 shall formulate its estimated budget and its proposed tax rate and tax
	3147	+	34 levy on the form prescribed by the department of local government
	3148	+	35 finance and approved by the state board of accounts. In formulating a
	3149	+	36 political subdivision's estimated budget under this section, the proper
	3150	+	37 officers of the political subdivision must consider the net property tax
	3151	+	38 revenue that will be collected by the political subdivision during the
	3152	+	39 ensuing year, after taking into account the estimate by the department
	3153	+	40 of local government finance under IC 6-1.1-20.6-11.1 of the amount by
	3154	+	41 which the political subdivision's distribution of property taxes will be
	3155	+	42 reduced by credits under IC 6-1.1-20.6-9.5 in the ensuing year, after
	3156	+	ES 1—LS 7244/DI 120 71
	3157	+	1 taking into account the estimate by the department of local government
	3158	+	2 finance under section 0.7 of this chapter of the maximum amount of net
	3159	+	3 property tax revenue and miscellaneous revenue that the political
	3160	+	4 subdivision will receive in the ensuing year, and after taking into
	3161	+	5 account all payments for debt service obligations that are to be made
	3162	+	6 by the political subdivision during the ensuing year. The political
	3163	+	7 subdivision or appropriate fiscal body, if the political subdivision is
	3164	+	8 subject to section 20 of this chapter, shall submit the following
	3165	+	9 information to the department's computer gateway:
	3166	+	10 (1) The estimated budget.
	3167	+	11 (2) The estimated maximum permissible levy, as provided by the
	3168	+	12 department under IC 6-1.1-18.5-24.
	3169	+	13 (3) The current and proposed tax levies of each fund.
	3170	+	14 (4) The percentage change between the current and proposed tax
	3171	+	15 levies of each fund.
	3172	+	16 (5) The amount by which the political subdivision's distribution
	3173	+	17 of property taxes may be reduced by credits granted under
	3174	+	18 IC 6-1.1-20.6, as estimated by the department of local government
	3175	+	19 finance under IC 6-1.1-20.6-11.1.
	3176	+	20 (6) The amounts of excessive levy appeals to be requested.
	3177	+	21 (7) The time and place at which the political subdivision or
	3178	+	22 appropriate fiscal body will hold a public hearing on the items
	3179	+	23 described in subdivisions (1) through (6).
	3180	+	24 (8) The amount of any increase in the tax rate and tax levies
	3181	+	25 of the political subdivision in an ordinance adopted under
	3182	+	26 section 23 of this chapter.
	3183	+	27 (8) (9) The time and place at which the political subdivision or
	3184	+	28 appropriate fiscal body will meet to fix the budget, tax rate, and
	3185	+	29 levy under section 5 of this chapter.
	3186	+	30 (9) (10) The date, time, and place of the final adoption of the
	3187	+	31 budget, tax rate, and levy under section 5 of this chapter.
	3188	+	32 Except as provided in section 5.6(b) of this chapter, the political
	3189	+	33 subdivision or appropriate fiscal body shall submit this information to
	3190	+	34 the department's computer gateway at least ten (10) days before the
	3191	+	35 public hearing required by this subsection in the manner prescribed by
	3192	+	36 the department. If the date, time, or place of the final adoption
	3193	+	37 subsequently changes, the political subdivision shall update the
	3194	+	38 information submitted to the department's computer gateway. The
	3195	+	39 department shall make this information available to taxpayers, at least
	3196	+	40 ten (10) days before the public hearing, through its computer gateway
	3197	+	41 and provide a telephone number through which taxpayers may request
	3198	+	42 mailed copies of a political subdivision's information under this
	3199	+	ES 1—LS 7244/DI 120 72
	3200	+	1 subsection. The department's computer gateway must allow a taxpayer
	3201	+	2 to search for the information under this subsection by the taxpayer's
	3202	+	3 address. The department shall review only the submission to the
	3203	+	4 department's computer gateway for compliance with this section.
	3204	+	5 (b) The board of directors of a solid waste management district
	3205	+	6 established under IC 13-21 or IC 13-9.5-2 (before its repeal) may
	3206	+	7 conduct the public hearing required under subsection (a):
	3207	+	8 (1) in any county of the solid waste management district; and
	3208	+	9 (2) in accordance with the annual notice of meetings published
	3209	+	10 under IC 13-21-5-2.
	3210	+	11 (c) The trustee of each township in the county shall estimate the
	3211	+	12 amount necessary to meet the cost of township assistance in the
	3212	+	13 township for the ensuing calendar year. The township board shall,
	3213	+	14 subject to section 23 of this chapter, adopt with the township budget
	3214	+	15 a tax rate sufficient to meet the estimated cost of township assistance.
	3215	+	16 The taxes collected as a result of the tax rate adopted under this
	3216	+	17 subsection are credited to the township assistance fund.
	3217	+	18 (d) A political subdivision for which any of the information under
	3218	+	19 subsection (a) is not submitted to the department's computer gateway
	3219	+	20 in the manner prescribed by the department shall have its most recent
	3220	+	21 annual appropriations and annual tax levy continued for the ensuing
	3221	+	22 budget year.
	3222	+	23 (e) If a political subdivision or appropriate fiscal body timely
	3223	+	24 submits the information under subsection (a) but subsequently
	3224	+	25 discovers the information contains an error, the political subdivision or
	3225	+	26 appropriate fiscal body may submit amended information to the
	3226	+	27 department's computer gateway. However, submission of an
	3227	+	28 amendment to information described in subsection (a)(1) through (a)(7)
	3228	+	29 must occur at least ten (10) days before the public hearing held under
	3229	+	30 subsection (a), and submission of an amendment to information
	3230	+	31 described in subsection (a)(8) through (a)(9) must occur at least
	3231	+	32 twenty-four (24) hours before the time in which the meeting to fix the
	3232	+	33 budget, tax rate, and levy was originally advertised to commence.
	3233	+	34 (f) Each year, the governing body of a school corporation that
	3234	+	35 imposes property taxes to pay debt service on bonds or lease rentals on
	3235	+	36 a lease for a controlled project under IC 6-1.1-20, property taxes under
	3236	+	37 an operating referendum tax levy under IC 20-46-1, or property taxes
	3237	+	38 under a school safety referendum tax levy under IC 20-46-9, shall
	3238	+	39 submit the following information at least ten (10) days before the
	3239	+	40 public hearing required by subsection (a) in the manner prescribed by
	3240	+	41 the department:
	3241	+	42 (1) the purposes specified in the public question submitted to the
	3242	+	ES 1—LS 7244/DI 120 73
	3243	+	1 voters or any revenue spending plans adopted under
	3244	+	2 IC 6-1.1-20-13, IC 20-46-1-8, or IC 20-46-9-6 for:
	3245	+	3 (A) debt service on bonds or lease rentals on a lease for a
	3246	+	4 controlled project under IC 6-1.1-20;
	3247	+	5 (B) an operating referendum tax levy approved by the voters
	3248	+	6 of the school corporation under IC 20-46-1; or
	3249	+	7 (C) a school safety referendum tax levy approved by the voters
	3250	+	8 of the school corporation under IC 20-46-9;
	3251	+	9 as applicable; and
	3252	+	10 (2) the debt service levy fund, operating referendum tax levy
	3253	+	11 fund, or school safety referendum tax levy fund of the school
	3254	+	12 corporation, whichever is applicable;
	3255	+	13 to show whether the school corporation is using revenue collected from
	3256	+	14 the referendum tax levy in the amounts and for the purposes
	3257	+	15 established in the purposes specified in the public question submitted
	3258	+	16 to the voters or the revenue spending plan, as applicable. The
	3259	+	17 department shall make this information available to taxpayers at least
	3260	+	18 ten (10) days before the public hearing.
	3261	+	19 SECTION 56. IC 6-1.1-17-16, AS AMENDED BY P.L.9-2024,
	3262	+	20 SECTION 169, IS AMENDED TO READ AS FOLLOWS
	3263	+	21 [EFFECTIVE JULY 1, 2025]: Sec. 16. (a) The department of local
	3264	+	22 government finance shall certify the tax rates and tax levies for all
	3265	+	23 funds of political subdivisions subject to the department of local
	3266	+	24 government finance's review.
	3267	+	25 (b) For a fund of a political subdivision subject to levy limits under
	3268	+	26 IC 6-1.1-18.5-3, the department of local government finance shall
	3269	+	27 calculate and certify the allowable budget of the fund if the political
	3270	+	28 subdivision adopts a tax levy that exceeds the estimated maximum levy
	3271	+	29 limits as provided by the department of local government finance under
	3272	+	30 IC 6-1.1-18.5-24.
	3273	+	31 (c) For a fund of a political subdivision subject to levy limits under
	3274	+	32 IC 6-1.1-18.5-3 and for which the political subdivision adopts a tax
	3275	+	33 levy that is not more than the levy limits under IC 6-1.1-18.5-3, the
	3276	+	34 department of local government finance shall review the fund to ensure
	3277	+	35 the adopted budget is fundable based on the unit's adopted tax levy and
	3278	+	36 estimates of available revenues. If the adopted budget is fundable, the
	3279	+	37 department of local government finance shall use the adopted budget
	3280	+	38 as the approved appropriation for the fund for the budget year. As
	3281	+	39 needed, the political subdivision may complete the additional
	3282	+	40 appropriation process through IC 6-1.1-18-5 for these funds during the
	3283	+	41 budget year.
	3284	+	42 (d) For a fund of the political subdivision subject to levy limits
	3285	+	ES 1—LS 7244/DI 120 74
	3286	+	1 under IC 6-1.1-18.5-3 and for which the political subdivision adopts a
	3287	+	2 tax levy that is not more than the levy limits under IC 6-1.1-18.5-3, if
	3288	+	3 the department of local government finance has determined the adopted
	3289	+	4 budget is not fundable based on the unit's adopted tax levy and
	3290	+	5 estimates of available revenues, the department of local government
	3291	+	6 finance shall calculate and certify the allowable budget that is fundable
	3292	+	7 based on the adopted tax levy and the department's estimates of
	3293	+	8 available revenues.
	3294	+	9 (e) For all other funds of a political subdivision not described in
	3295	+	10 subsections (b), (c), and (d), the department of local government
	3296	+	11 finance shall certify a budget for the fund.
	3297	+	12 (f) Except as provided in section 16.1 of this chapter, the department
	3298	+	13 of local government finance is not required to hold a public hearing
	3299	+	14 before the department of local government finance reviews, revises,
	3300	+	15 reduces, or increases a political subdivision's budget by fund, tax rate,
	3301	+	16 or tax levy under this section.
	3302	+	17 (g) Except as provided in subsection (l), IC 20-46, or IC 6-1.1-18.5,
	3303	+	18 the department of local government finance may not increase a political
	3304	+	19 subdivision's budget by fund, tax rate, or tax levy to an amount which
	3305	+	20 exceeds the amount originally fixed by the political subdivision.
	3306	+	21 However, if the department of local government finance determines
	3307	+	22 that IC 5-3-1-2.3(b) applies to the tax rate, tax levy, or budget of the
	3308	+	23 political subdivision, the maximum amount by which the department
	3309	+	24 may increase the tax rate, tax levy, or budget is the amount originally
	3310	+	25 fixed by the political subdivision, and not the amount that was
	3311	+	26 incorrectly published or omitted in the notice described in
	3312	+	27 IC 5-3-1-2.3(b). The department of local government finance shall give
	3313	+	28 the political subdivision notification electronically in the manner
	3314	+	29 prescribed by the department of local government finance specifying
	3315	+	30 any revision, reduction, or increase the department proposes in a
	3316	+	31 political subdivision's tax levy or tax rate. The political subdivision has
	3317	+	32 ten (10) calendar days from the date the political subdivision receives
	3318	+	33 the notice to provide a response electronically in the manner prescribed
	3319	+	34 by the department of local government finance. The response may
	3320	+	35 include budget reductions, reallocation of levies, a revision in the
	3321	+	36 amount of miscellaneous revenues, and further review of any other
	3322	+	37 item about which, in the view of the political subdivision, the
	3323	+	38 department is in error. The department of local government finance
	3324	+	39 shall consider the adjustments as specified in the political subdivision's
	3325	+	40 response if the response is provided as required by this subsection and
	3326	+	41 shall deliver a final decision to the political subdivision. The
	3327	+	42 department of local government finance may not consider any
	3328	+	ES 1—LS 7244/DI 120 75
	3329	+	1 adjustments that are suggested by the political subdivision after the
	3330	+	2 expiration of the ten (10) day period allowed for the political
	3331	+	3 subdivision's response.
	3332	+	4 (h) The department of local government finance may not approve a
	3333	+	5 levy for lease payments by a city, town, county, library, or school
	3334	+	6 corporation if the lease payments are payable to a building corporation
	3335	+	7 for use by the building corporation for debt service on bonds and if:
	3336	+	8 (1) no bonds of the building corporation are outstanding; or
	3337	+	9 (2) the building corporation has enough legally available funds on
	3338	+	10 hand to redeem all outstanding bonds payable from the particular
	3339	+	11 lease rental levy requested.
	3340	+	12 (i) The department of local government finance shall certify its
	3341	+	13 action to:
	3342	+	14 (1) the county auditor;
	3343	+	15 (2) if the budget and levy of the political subdivision are being
	3344	+	16 continued:
	3345	+	17 (A) the state board of accounts;
	3346	+	18 (B) the state comptroller; and
	3347	+	19 (C) the department of state revenue;
	3348	+	20 (3) the political subdivision if the department acts pursuant to an
	3349	+	21 appeal initiated by the political subdivision; and
	3350	+	22 (4) a taxpayer that owns property that represents at least ten
	3351	+	23 percent (10%) of the taxable assessed valuation in the political
	3352	+	24 subdivision.
	3353	+	25 (j) The following may petition for judicial review of the final
	3354	+	26 determination of the department of local government finance under
	3355	+	27 subsection (i):
	3356	+	28 (1) If the department acts under an appeal initiated by a political
	3357	+	29 subdivision, the political subdivision.
	3358	+	30 (2) A taxpayer that owns property that represents at least ten
	3359	+	31 percent (10%) of the taxable assessed valuation in the political
	3360	+	32 subdivision.
	3361	+	33 The petition must be filed in the tax court not more than forty-five (45)
	3362	+	34 days after the department certifies its action under subsection (i).
	3363	+	35 (k) The department of local government finance is expressly
	3364	+	36 directed to complete the duties assigned to it under this section as
	3365	+	37 follows:
	3366	+	38 (1) Not later than December 31 of the year preceding that budget
	3367	+	39 year, unless subdivision (2) applies.
	3368	+	40 (2) Not later than January 15 of the budget year if any of the
	3369	+	41 following are true:
	3370	+	42 (A) A taxing unit in a county intends to issue debt after
	3371	+	ES 1—LS 7244/DI 120 76
	3372	+	1 December 1 in the year preceding the budget year and has
	3373	+	2 indicated its intent to issue debt after December 1 in the year
	3374	+	3 preceding the budget year as specified in section 5 of this
	3375	+	4 chapter.
	3376	+	5 (B) A taxing unit intends to file a shortfall appeal under
	3377	+	6 IC 6-1.1-18.5-16 and has indicated its intent to file a shortfall
	3378	+	7 appeal as specified in section 5 of this chapter.
	3379	+	8 (C) The deadline for a city in the county to fix the budget, tax
	3380	+	9 rate, and tax levy has been extended, in accordance with
	3381	+	10 section 5.2 of this chapter, due to the executive's veto of the
	3382	+	11 ordinance fixing the budget, tax rate, and tax levy.
	3383	+	12 (l) Subject to the provisions of all applicable statutes, and
	3384	+	13 notwithstanding IC 6-1.1-18-1, the department of local government
	3385	+	14 finance shall, unless the department finds extenuating circumstances,
	3386	+	15 increase a political subdivision's tax levy to an amount that exceeds the
	3387	+	16 amount originally advertised or adopted by the political subdivision if:
	3388	+	17 (1) the increase is requested in writing by the officers of the
	3389	+	18 political subdivision;
	3390	+	19 (2) the request includes:
	3391	+	20 (A) the corrected budget, tax rate, or levy, as applicable; and
	3392	+	21 (B) the time and place of the meeting described in subdivision
	3393	+	22 (4);
	3394	+	23 (3) the political subdivision publishes the requested increase on
	3395	+	24 the department's advertising website;
	3396	+	25 (4) the political subdivision adopts the needed changes to its
	3397	+	26 budget, tax levy, or rate in a public meeting of the governing
	3398	+	27 body; and
	3399	+	28 (5) notice is given to the county fiscal body of the department's
	3400	+	29 correction.
	3401	+	30 The political subdivision shall publish notice of the meeting described
	3402	+	31 in subdivision (4) on the Indiana transparency website in the manner
	3403	+	32 prescribed by the department not later than forty-eight (48) hours
	3404	+	33 (excluding weekends and holidays) before the meeting. If the
	3405	+	34 department increases a levy beyond what was advertised or adopted
	3406	+	35 under this subsection, it shall, unless the department finds extenuating
	3407	+	36 circumstances, reduce the certified levy affected below the maximum
	3408	+	37 allowable levy by the lesser of five percent (5%) of the difference
	3409	+	38 between the advertised or adopted levy and the increased levy, or one
	3410	+	39 hundred thousand dollars ($100,000).
	3411	+	40 (m) If the department of local government finance has
	3412	+	41 determined that the proposed tax levy for a political subdivision's
	3413	+	42 budget exceeds the permissible tax levy for the political subdivision
	3414	+	ES 1—LS 7244/DI 120 77
	3415	+	1 under section 23 of this chapter, the department of local
	3416	+	2 government finance shall calculate and certify the allowable tax
	3417	+	3 levy and tax rate for the political subdivision based on the
	3418	+	4 provisions in section 23 of this chapter.
	3419	+	5 SECTION 57. IC 6-1.1-17-17, AS AMENDED BY P.L.146-2008,
	3420	+	6 SECTION 161, IS AMENDED TO READ AS FOLLOWS
	3421	+	7 [EFFECTIVE JULY 1, 2025]: Sec. 17. Subject to the limitations
	3422	+	8 contained in IC 6-1.1-18.5 and IC 20-46, and notwithstanding section
	3423	+	9 23 of this chapter, the department of local government finance may at
	3424	+	10 any time increase the tax rate and tax levy of a political subdivision for
	3425	+	11 the following reasons:
	3426	+	12 (1) To pay the principal or interest upon a funding, refunding, or
	3427	+	13 judgment funding obligation of a political subdivision.
	3428	+	14 (2) To pay the interest or principal upon an outstanding obligation
	3429	+	15 of the political subdivision.
	3430	+	16 (3) To pay a judgment rendered against the political subdivision.
	3431	+	17 (4) To pay lease rentals that have become an obligation of the
	3432	+	18 political subdivision under IC 20-47-2 or IC 20-47-3.
	3433	+	19 SECTION 58. IC 6-1.1-17-23 IS ADDED TO THE INDIANA
	3434	+	20 CODE AS A NEW SECTION TO READ AS FOLLOWS
	3435	+	21 [EFFECTIVE JULY 1, 2025]: Sec. 23. (a) This section applies
	3436	+	22 beginning after December 31, 2028, to the formulation and
	3437	+	23 adoption of a budget, tax rate, and tax levy under this chapter.
	3438	+	24 (b) Notwithstanding any growth in a political subdivision's
	3439	+	25 assessed value in the previous year, the ad valorem property tax
	3440	+	26 levy for the budget of a political subdivision shall not exceed the ad
	3441	+	27 valorem property tax levy for its last preceding annual budget,
	3442	+	28 except as provided in subsections (c) and (d).
	3443	+	29 (c) The fiscal body of a political subdivision may by ordinance
	3444	+	30 authorize the proper officers of the political subdivision to
	3445	+	31 formulate and submit a budget, tax rate, and tax levy under section
	3446	+	32 3 of this chapter that exceeds the ad valorem property tax levy
	3447	+	33 restriction in subsection (b), subject to all other limits under this
	3448	+	34 article, if the following conditions are met:
	3449	+	35 (1) The fiscal body of the political subdivision must hold a
	3450	+	36 public hearing at which the only item on the agenda is the
	3451	+	37 proposal to adopt an ordinance under this subsection. The
	3452	+	38 hearing shall be conducted in accordance with IC 5-14-1.5,
	3453	+	39 and notice of the hearing shall be published in accordance
	3454	+	40 with IC 5-3-1.
	3455	+	41 (2) After conducting a public hearing under subdivision (1)
	3456	+	42 and subject to subdivision (3), the fiscal body of the political
	3457	+	ES 1—LS 7244/DI 120 78
	3458	+	1 subdivision may adopt an ordinance under this subsection,
	3459	+	2 which must contain:
	3460	+	3 (A) a general statement of the reasons for the tax levy and
	3461	+	4 tax rate increase;
	3462	+	5 (B) the dollar amount of the tax levy increase; and
	3463	+	6 (C) the percentage increase in the tax rate from the
	3464	+	7 previous year.
	3465	+	8 (3) An ordinance may not be adopted under this section after
	3466	+	9 the date that is fifteen (15) days before the public hearing
	3467	+	10 under section 3 of this chapter.
	3468	+	11 (d) If an ordinance is adopted by the fiscal body of a political
	3469	+	12 subdivision under subsection (c), the limitation in subsection (b)
	3470	+	13 shall not apply and instead the ad valorem property tax levy for
	3471	+	14 the budget of the political subdivision shall not exceed the sum of:
	3472	+	15 (1) the ad valorem property tax levy for the political
	3473	+	16 subdivision's last preceding annual budget; plus
	3474	+	17 (2) the additional ad valorem property tax levy authorized in
	3475	+	18 the ordinance adopted by the fiscal body under subsection (c);
	3476	+	19 subject to all other limits under this article.
	3477	+	20 (e) The provisions of this section shall be applied to decrease the
	3478	+	21 tax rate of each political subdivision in which there was an increase
	3479	+	22 in the political subdivision's assessed value in the previous year,
	3480	+	23 subject to subsections (c) and (d).
	3481	+	24 SECTION 59. IC 6-1.1-18.5-2, AS AMENDED BY P.L.239-2023,
	3482	+	25 SECTION 5, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	3483	+	26 UPON PASSAGE]: Sec. 2. (a) As used in this section, "Indiana
	3484	+	27 nonfarm personal income" means the estimate of total nonfarm
	3485	+	28 personal income for Indiana in a calendar year as computed by the
	3486	+	29 federal Bureau of Economic Analysis using any actual data for the
	3487	+	30 calendar year and any estimated data determined appropriate by the
	3488	+	31 federal Bureau of Economic Analysis.
	3489	+	32 (b) Except as provided in subsections (c) and (e), for purposes of
	3490	+	33 determining a civil taxing unit's maximum permissible ad valorem
	3491	+	34 property tax levy for an ensuing calendar year, the civil taxing unit
	3492	+	35 shall use the maximum levy growth quotient determined in the last
	3493	+	36 STEP of the following STEPS:
	3494	+	37 STEP ONE: For each of the six (6) calendar years immediately
	3495	+	38 preceding the year in which a budget is adopted under
	3496	+	39 IC 6-1.1-17-5 for the ensuing calendar year, divide the Indiana
	3497	+	40 nonfarm personal income for the calendar year by the Indiana
	3498	+	41 nonfarm personal income for the calendar year immediately
	3499	+	42 preceding that calendar year, rounding to the nearest
	3500	+	ES 1—LS 7244/DI 120 79
	3501	+	1 one-thousandth (0.001).
	3502	+	2 STEP TWO: Determine the sum of the STEP ONE results.
	3503	+	3 STEP THREE: Divide the STEP TWO result by six (6), rounding
	3504	+	4 to the nearest one-thousandth (0.001).
	3505	+	5 STEP FOUR: Determine the lesser of the following:
	3506	+	6 (A) The STEP THREE quotient.
	3507	+	7 (B) One and six-hundredths (1.06).
	3508	+	8 (c) Except as provided in subsection (f), a school corporation shall
	3509	+	9 use for its operations fund maximum levy calculation under
	3510	+	10 IC 20-46-8-1 the maximum levy growth quotient determined in the last
	3511	+	11 STEP of the following STEPS:
	3512	+	12 STEP ONE: Determine for each school corporation, the average
	3513	+	13 annual growth in net assessed value using the three (3) calendar
	3514	+	14 years immediately preceding the year in which a budget is
	3515	+	15 adopted under IC 6-1.1-17-5 for the ensuing calendar year.
	3516	+	16 STEP TWO: Determine the greater of:
	3517	+	17 (A) zero (0); or
	3518	+	18 (B) the STEP ONE amount minus the sum of:
	3519	+	19 (i) the maximum levy growth quotient determined under
	3520	+	20 subsection (b) minus one (1); plus
	3521	+	21 (ii) two-hundredths (0.02).
	3522	+	22 STEP THREE: Determine the lesser of:
	3523	+	23 (A) the STEP TWO amount; or
	3524	+	24 (B) four-hundredths (0.04).
	3525	+	25 STEP FOUR: Determine the sum of:
	3526	+	26 (A) the STEP THREE amount; plus
	3527	+	27 (B) the maximum levy growth quotient determined under
	3528	+	28 subsection (b).
	3529	+	29 STEP FIVE: Determine the greater of:
	3530	+	30 (A) the STEP FOUR amount; or
	3531	+	31 (B) the maximum levy growth quotient determined under
	3532	+	32 subsection (b).
	3533	+	33 (d) The budget agency shall provide the maximum levy growth
	3534	+	34 quotient for the ensuing year to civil taxing units, school corporations,
	3535	+	35 and the department of local government finance before July 1 of each
	3536	+	36 year.
	3537	+	37 (e) This subsection applies only for purposes of determining the
	3538	+	38 maximum levy growth quotient to be used in determining a civil taxing
	3539	+	39 unit's maximum permissible ad valorem property tax levy in calendar
	3540	+	40 years 2024, and 2025, and 2026. For purposes of determining the
	3541	+	41 maximum levy growth quotient in calendar years 2024, and 2025, and
	3542	+	42 2026, instead of the result determined in the last STEP in subsection
	3543	+	ES 1—LS 7244/DI 120 80
	3544	+	1 (b), the maximum levy growth quotient is determined in the last STEP
	3545	+	2 of the following STEPS:
	3546	+	3 STEP ONE: Determine the result of STEP FOUR of subsection
	3547	+	4 (b), calculated as if this subsection was not in effect.
	3548	+	5 STEP TWO: Subtract one (1) from the STEP ONE result.
	3549	+	6 STEP THREE: Multiply the STEP TWO result by eight-tenths
	3550	+	7 (0.8).
	3551	+	8 STEP FOUR: Add one (1) to the STEP THREE result.
	3552	+	9 STEP FIVE: Determine the lesser of:
	3553	+	10 (A) the STEP FOUR result; or
	3554	+	11 (B) one and four-hundredths (1.04).
	3555	+	12 (f) This subsection applies only for purposes of determining the
	3556	+	13 maximum levy growth quotient to be used in determining a school
	3557	+	14 corporation's operations fund maximum levy in calendar years 2024,
	3558	+	15 and 2025, and 2026. For purposes of determining the maximum levy
	3559	+	16 growth quotient in calendar years 2024, and 2025, and 2026, instead
	3560	+	17 of the result determined in the last STEP in subsection (c), the
	3561	+	18 maximum levy growth quotient is determined in the last STEP of the
	3562	+	19 following STEPS:
	3563	+	20 STEP ONE: Determine the result of STEP FIVE of subsection (c),
	3564	+	21 calculated as if this subsection was not in effect.
	3565	+	22 STEP TWO: Subtract one (1) from the STEP ONE result.
	3566	+	23 STEP THREE: Multiply the STEP TWO result by eight-tenths
	3567	+	24 (0.8).
	3568	+	25 STEP FOUR: Add one (1) to the STEP THREE result.
	3569	+	26 STEP FIVE: Determine the lesser of:
	3570	+	27 (A) the STEP FOUR result; or
	3571	+	28 (B) one and four-hundredths (1.04).
	3572	+	29 SECTION 60. IC 6-1.1-18.5-3, AS AMENDED BY P.L.247-2017,
	3573	+	30 SECTION 1, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	3574	+	31 JANUARY 1, 2028]: Sec. 3. (a) A civil taxing unit may not impose an
	3575	+	32 ad valorem property tax levy for an ensuing calendar year that exceeds
	3576	+	33 the amount determined in the last STEP of the following STEPS:
	3577	+	34 STEP ONE: Determine the civil taxing unit's maximum
	3578	+	35 permissible ad valorem property tax levy for the preceding
	3579	+	36 calendar year.
	3580	+	37 STEP TWO: Multiply the amount determined in STEP ONE by
	3581	+	38 the amount determined in the last STEP of section 2(b) of this
	3582	+	39 chapter.
	3583	+	40 STEP THREE: Determine the lesser of one and fifteen hundredths
	3584	+	41 (1.15) or the quotient (rounded to the nearest ten-thousandth
	3585	+	42 (0.0001)), of the assessed value of all taxable property subject to
	3586	+	ES 1—LS 7244/DI 120 81
	3587	+	1 the civil taxing unit's ad valorem property tax levy for the ensuing
	3588	+	2 calendar year, divided by the assessed value of all taxable
	3589	+	3 property that is subject to the civil taxing unit's ad valorem
	3590	+	4 property tax levy for the ensuing calendar year and that is
	3591	+	5 contained within the geographic area that was subject to the civil
	3592	+	6 taxing unit's ad valorem property tax levy in the preceding
	3593	+	7 calendar year.
	3594	+	8 STEP FOUR: Determine the greater of the amount determined in
	3595	+	9 STEP THREE or one (1).
	3596	+	10 STEP FIVE: Multiply the amount determined in STEP TWO by
	3597	+	11 the amount determined in STEP FOUR.
	3598	+	12 STEP SIX: Add the amount determined under STEP TWO to the
	3599	+	13 amount of an excessive levy appeal granted under section 13 of
	3600	+	14 this chapter for the ensuing calendar year.
	3601	+	15 STEP SEVEN: Determine the greater of STEP FIVE or STEP
	3602	+	16 SIX.
	3603	+	17 (b) This subsection applies only to a civil taxing unit that is located
	3604	+	18 in a county that is covered by IC 6-3.6-11-1. For purposes of subsection
	3605	+	19 (a), revenue under IC 6-3.6-6 that is applied for purposes of a levy
	3606	+	20 freeze shall not be included in the amount determined under STEP
	3607	+	21 ONE of subsection (a) for the civil taxing unit. Notwithstanding any
	3608	+	22 provision in this section, any other section of this chapter, or
	3609	+	23 IC 12-20-21-3.2, and except as provided in subsection (c), if the
	3610	+	24 adopting body has adopted a resolution specifying that any increase in
	3611	+	25 the maximum levy is to be funded using local income tax revenue, the
	3612	+	26 maximum permissible ad valorem property tax levy calculated under
	3613	+	27 this section for the ensuing calendar year for the civil taxing unit is
	3614	+	28 equal to the civil taxing unit's maximum permissible ad valorem
	3615	+	29 property tax levy for the current calendar year. If the adopting body has
	3616	+	30 adopted a resolution specifying that any increase in the maximum levy
	3617	+	31 is not to be funded using local income tax revenue, the maximum
	3618	+	32 permissible ad valorem property tax levy for the civil taxing unit is
	3619	+	33 equal to the civil taxing unit's maximum permissible ad valorem
	3620	+	34 property tax levy calculated under this section for the ensuing calendar
	3621	+	35 year.
	3622	+	36 (c) In the case of a civil taxing unit that:
	3623	+	37 (1) is partially located in a county that is covered by
	3624	+	38 IC 6-3.6-11-1; and
	3625	+	39 (2) is partially located in a county that is not described in
	3626	+	40 subdivision (1);
	3627	+	41 the department of local government finance shall, notwithstanding
	3628	+	42 subsection (b), adjust the portion of the civil taxing unit's maximum
	3629	+	ES 1—LS 7244/DI 120 82
	3630	+	1 permissible ad valorem property tax levy that is attributable (as
	3631	+	2 determined by the department of local government finance) to the
	3632	+	3 county or counties described in subdivision (2). The department of
	3633	+	4 local government finance shall adjust this portion of the civil taxing
	3634	+	5 unit's maximum permissible ad valorem property tax levy so that,
	3635	+	6 notwithstanding subsection (b), this portion is allowed to increase as
	3636	+	7 otherwise provided in this section. If the department of local
	3637	+	8 government finance increases the civil taxing unit's maximum
	3638	+	9 permissible ad valorem property tax levy under this subsection, any
	3639	+	10 additional property taxes imposed by the civil taxing unit under the
	3640	+	11 adjustment shall be paid only by the taxpayers in the county or counties
	3641	+	12 described in subdivision (2).
	3642	+	13 (b) In the case of a county that was covered by IC 6-3.6-11-1
	3643	+	14 (before its repeal), the maximum permissible property tax levy for
	3644	+	15 the civil taxing unit under STEP ONE of subsection (a) shall be
	3645	+	16 increased to the extent and in the amount that revenue from a levy
	3646	+	17 freeze was applied to adjust the civil taxing unit's maximum
	3647	+	18 permissible property tax levy in the tax year immediately
	3648	+	19 preceding the repeal of IC 6-3.6-11-1. The increase shall apply to
	3649	+	20 each tax year after the repeal. Notwithstanding any other provision
	3650	+	21 of law, if a county has a stabilization fund, the county may use
	3651	+	22 money from that fund for operations of the county in lieu of levy
	3652	+	23 increases pursuant to this subsection. A county to which this
	3653	+	24 subsection applies shall adopt a plan to phase in a multi-year
	3654	+	25 gradual spend down of money in its stabilization fund or other
	3655	+	26 available funds over a specified number of years that allows for the
	3656	+	27 gradual increase of the county's levy in combination with money
	3657	+	28 from its stabilization fund.
	3658	+	29 SECTION 61. IC 6-1.1-18.5-12, AS AMENDED BY P.L.156-2024,
	3659	+	30 SECTION 16, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	3660	+	31 JANUARY 1, 2026]: Sec. 12. (a) Any civil taxing unit that incurs
	3661	+	32 increased costs resulting from annexation, a natural disaster, an
	3662	+	33 accident, or another unanticipated emergency, and determines that
	3663	+	34 it cannot carry out its governmental functions for an ensuing calendar
	3664	+	35 year under the levy limitations imposed by section 3 or 25 of this
	3665	+	36 chapter, as applicable, may, subject to subsections (h) and (i):
	3666	+	37 (1) before October 20 of the calendar year immediately preceding
	3667	+	38 the ensuing calendar year; or
	3668	+	39 (2) in the case of a request described in section 16 of this chapter,
	3669	+	40 before December 31 of the calendar year immediately preceding
	3670	+	41 the ensuing calendar year;
	3671	+	42 appeal to the department of local government finance for relief from
	3672	+	ES 1—LS 7244/DI 120 83
	3673	+	1 those levy limitations. In the appeal the civil taxing unit must state that
	3674	+	2 it will be unable to carry out the governmental functions committed to
	3675	+	3 it by law unless it is given the authority that it is petitioning for. The
	3676	+	4 civil taxing unit must support these allegations by reasonably detailed
	3677	+	5 statements of fact.
	3678	+	6 (b) The department of local government finance shall immediately
	3679	+	7 proceed to the examination and consideration of the merits of the civil
	3680	+	8 taxing unit's appeal.
	3681	+	9 (c) In considering an appeal, the department of local government
	3682	+	10 finance has the power to conduct hearings, require any officer or
	3683	+	11 member of the appealing civil taxing unit to appear before it, or require
	3684	+	12 any officer or member of the appealing civil taxing unit to provide the
	3685	+	13 department with any relevant records or books.
	3686	+	14 (d) If an officer or member:
	3687	+	15 (1) fails to appear at a hearing after having been given written
	3688	+	16 notice requiring that person's attendance; or
	3689	+	17 (2) fails to produce the books and records that the department by
	3690	+	18 written notice required the officer or member to produce;
	3691	+	19 then the department may file an affidavit in the circuit court, superior
	3692	+	20 court, or probate court in the jurisdiction in which the officer or
	3693	+	21 member may be found setting forth the facts of the failure.
	3694	+	22 (e) Upon the filing of an affidavit under subsection (d), the court
	3695	+	23 shall promptly issue a summons, and the sheriff of the county within
	3696	+	24 which the court is sitting shall serve the summons. The summons must
	3697	+	25 command the officer or member to appear before the department to
	3698	+	26 provide information to the department or to produce books and records
	3699	+	27 for the department's use, as the case may be. Disobedience of the
	3700	+	28 summons constitutes, and is punishable as, a contempt of the court that
	3701	+	29 issued the summons.
	3702	+	30 (f) All expenses incident to the filing of an affidavit under
	3703	+	31 subsection (d) and the issuance and service of a summons shall be
	3704	+	32 charged to the officer or member against whom the summons is issued,
	3705	+	33 unless the court finds that the officer or member was acting in good
	3706	+	34 faith and with reasonable cause. If the court finds that the officer or
	3707	+	35 member was acting in good faith and with reasonable cause or if an
	3708	+	36 affidavit is filed and no summons is issued, the expenses shall be
	3709	+	37 charged against the county in which the affidavit was filed and shall be
	3710	+	38 allowed by the proper fiscal officers of that county.
	3711	+	39 (g) The fiscal officer of a civil taxing unit that appeals under section
	3712	+	40 16 of this chapter for relief from levy limitations shall immediately file
	3713	+	41 a copy of the appeal petition with the county auditor and the county
	3714	+	42 treasurer of the county in which the unit is located.
	3715	+	ES 1—LS 7244/DI 120 84
	3716	+	1 (h) This subsection applies to a civil taxing unit whose budget for
	3717	+	2 the upcoming year is subject to review by a fiscal body under:
	3718	+	3 (1) IC 6-1.1-17-20;
	3719	+	4 (2) IC 6-1.1-17-20.3; or
	3720	+	5 (3) IC 6-1.1-17-20.4.
	3721	+	6 A civil taxing unit described in this subsection may not submit an
	3722	+	7 appeal under this section unless the civil taxing unit receives approval
	3723	+	8 from the appropriate fiscal body to submit the appeal.
	3724	+	9 (i) A participating unit of a fire protection territory may not submit
	3725	+	10 an appeal under this section unless each participating unit of the fire
	3726	+	11 protection territory has adopted a resolution approving submission of
	3727	+	12 the appeal.
	3728	+	13 SECTION 62. IC 6-1.1-18.5-13, AS AMENDED BY P.L.174-2022,
	3729	+	14 SECTION 37, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	3730	+	15 JANUARY 1, 2026]: Sec. 13. (a) With respect to an appeal filed under
	3731	+	16 section 12 of this chapter, the department may find that a civil taxing
	3732	+	17 unit should receive any one (1) or more of the following types of the
	3733	+	18 following relief:
	3734	+	19 (1) Permission to the civil taxing unit to increase its levy in excess
	3735	+	20 of the limitations established under section 3 or 25 of this chapter,
	3736	+	21 as applicable, if in the judgment of the department the increase is
	3737	+	22 reasonably necessary due to increased costs of the civil taxing
	3738	+	23 unit resulting from annexation. consolidation, or other extensions
	3739	+	24 of governmental services by the civil taxing unit to additional
	3740	+	25 geographic areas. With respect to annexation, consolidation, or
	3741	+	26 other extensions of governmental services in a calendar year, If
	3742	+	27 those increased costs are incurred by the civil taxing unit in that
	3743	+	28 calendar year and more than one (1) immediately succeeding
	3744	+	29 calendar year, the unit may appeal under section 12 of this chapter
	3745	+	30 for permission to increase its levy under this subdivision based on
	3746	+	31 those increased costs in any of the following:
	3747	+	32 (A) The first calendar year in which those costs are incurred.
	3748	+	33 (B) One (1) or more of the immediately succeeding four (4)
	3749	+	34 calendar years.
	3750	+	35 (2) Permission to the civil taxing unit to increase its levy in excess
	3751	+	36 of the limitations established under section 3 or 25 of this chapter,
	3752	+	37 as applicable, if the department finds that the quotient determined
	3753	+	38 under STEP SIX of the following formula is equal to or greater
	3754	+	39 than one and two-hundredths (1.02):
	3755	+	40 STEP ONE: Determine the three (3) calendar years that most
	3756	+	41 immediately precede the ensuing calendar year.
	3757	+	42 STEP TWO: Compute separately, for each of the calendar
	3758	+	ES 1—LS 7244/DI 120 85
	3759	+	1 years determined in STEP ONE, the quotient (rounded to the
	3760	+	2 nearest ten-thousandth (0.0001)) of the sum of the civil taxing
	3761	+	3 unit's total assessed value of all taxable property divided by the
	3762	+	4 sum determined under this STEP for the calendar year
	3763	+	5 immediately preceding the particular calendar year.
	3764	+	6 STEP THREE: Divide the sum of the three (3) quotients
	3765	+	7 computed in STEP TWO by three (3).
	3766	+	8 STEP FOUR: Compute separately, for each of the calendar
	3767	+	9 years determined in STEP ONE, the quotient (rounded to the
	3768	+	10 nearest ten-thousandth (0.0001)) of the sum of the total
	3769	+	11 assessed value of all taxable property in all counties divided by
	3770	+	12 the sum determined under this STEP for the calendar year
	3771	+	13 immediately preceding the particular calendar year.
	3772	+	14 STEP FIVE: Divide the sum of the three (3) quotients
	3773	+	15 computed in STEP FOUR by three (3).
	3774	+	16 STEP SIX: Divide the STEP THREE amount by the STEP
	3775	+	17 FIVE amount.
	3776	+	18 The civil taxing unit may increase its levy by a percentage not
	3777	+	19 greater than the percentage by which the STEP THREE amount
	3778	+	20 exceeds the percentage by which the civil taxing unit may
	3779	+	21 increase its levy under section 3 or 25 of this chapter, as
	3780	+	22 applicable, based on the maximum levy growth quotient
	3781	+	23 determined under section 2 of this chapter.
	3782	+	24 (3) (2) A levy increase may be granted under this subdivision only
	3783	+	25 for property taxes first due and payable after December 31, 2008.
	3784	+	26 Permission to a civil taxing unit to increase its levy in excess of
	3785	+	27 the limitations established under section 3 or 25 of this chapter,
	3786	+	28 as applicable, if the department determines that the civil taxing
	3787	+	29 unit cannot carry out its governmental functions for an ensuing
	3788	+	30 calendar year under the levy limitations imposed by section 3 or
	3789	+	31 25 of this chapter, as applicable, due to a natural disaster, an
	3790	+	32 accident, or another unanticipated emergency.
	3791	+	33 (b) The department of local government finance shall increase the
	3792	+	34 maximum permissible ad valorem property tax levy under section 3 of
	3793	+	35 this chapter for the city of Goshen for 2012 and thereafter by an
	3794	+	36 amount equal to the greater of zero (0) or the result of:
	3795	+	37 (1) the city's total pension costs in 2009 for the 1925 police
	3796	+	38 pension fund (IC 36-8-6) and the 1937 firefighters' pension fund
	3797	+	39 (IC 36-8-7); minus
	3798	+	40 (2) the sum of:
	3799	+	41 (A) the total amount of state funds received in 2009 by the city
	3800	+	42 and used to pay benefits to members of the 1925 police
	3801	+	ES 1—LS 7244/DI 120 86
	3802	+	1 pension fund (IC 36-8-6) or the 1937 firefighters' pension fund
	3803	+	2 (IC 36-8-7); plus
	3804	+	3 (B) any previous permanent increases to the city's levy that
	3805	+	4 were authorized to account for the transfer to the state of the
	3806	+	5 responsibility to pay benefits to members of the 1925 police
	3807	+	6 pension fund (IC 36-8-6) and the 1937 firefighters' pension
	3808	+	7 fund (IC 36-8-7).
	3809	+	8 SECTION 63. IC 6-1.1-18.5-19 IS AMENDED TO READ AS
	3810	+	9 FOLLOWS [EFFECTIVE JANUARY 1, 2028]: Sec. 19. (a) If a
	3811	+	10 township levied an ad valorem property tax levy for a township
	3812	+	11 firefighting fund under IC 36-8-13-4 for calendar year 1989, the
	3813	+	12 maximum permissible ad valorem property tax levy that will apply to
	3814	+	13 the township's firefighting fund under section 3 of this chapter for
	3815	+	14 calendar year 1990 is the amount determined in STEP FIVE of the
	3816	+	15 following STEPS:
	3817	+	16 STEP ONE: Determine the part of the township's ad valorem
	3818	+	17 property tax levy for calendar year 1989 that was dedicated to the
	3819	+	18 township firefighting fund.
	3820	+	19 STEP TWO: If the township incurred any loans or bonded
	3821	+	20 indebtedness to pay for fire protection or emergency services
	3822	+	21 during the period from January 1, 1987, through December 31,
	3823	+	22 1989 (excluding loans or bonded indebtedness used to purchase
	3824	+	23 firefighting apparatus or equipment or housing), determine the
	3825	+	24 number of calendar years during that period in which the
	3826	+	25 township incurred the loans or bonded indebtedness.
	3827	+	26 STEP THREE: Calculate the quotient of:
	3828	+	27 (A) the total amounts of loans or bonded indebtedness
	3829	+	28 incurred by the township for fire protection and emergency
	3830	+	29 services during the period from January 1, 1987, through
	3831	+	30 December 31, 1989 (excluding loans or bonded indebtedness
	3832	+	31 used to purchase firefighting apparatus or equipment or
	3833	+	32 housing); divided by
	3834	+	33 (B) the number determined in STEP TWO.
	3835	+	34 STEP FOUR: Add the result determined in STEP ONE to the
	3836	+	35 result determined in STEP THREE.
	3837	+	36 STEP FIVE: Calculate the maximum ad valorem property tax levy
	3838	+	37 that would result from making the calculations contained in
	3839	+	38 section 3 of this chapter as those calculations apply to the
	3840	+	39 township, using the result obtained in STEP FOUR for the civil
	3841	+	40 taxing unit's maximum permissible ad valorem property tax levy
	3842	+	41 for the preceding calendar year under section 3(a) or 3(b) of this
	3843	+	42 chapter (as in effect at the time of the calculation), whichever
	3844	+	ES 1—LS 7244/DI 120 87
	3845	+	1 applies to the township.
	3846	+	2 If the amount determined under this subsection is substantially lower
	3847	+	3 than the township's normal expenditure patterns for fire protection and
	3848	+	4 emergency services (excluding the expenditures for the purchase of
	3849	+	5 firefighting apparatus or equipment or housing), the township may
	3850	+	6 appeal to the local government tax control board for an increase in the
	3851	+	7 1990 maximum permissible ad valorem property tax levy for its
	3852	+	8 township firefighting fund. In considering the appeal, the local
	3853	+	9 government tax control board shall consider other sources of revenue
	3854	+	10 used by the township during calendar year 1989 to fund fire protection
	3855	+	11 and emergency services that are also available for such funding in 1990
	3856	+	12 and thereafter and the board shall also consider any other relevant
	3857	+	13 factors.
	3858	+	14 (b) If a township did not have a township firefighting fund under
	3859	+	15 IC 36-8-13-4 for calendar year 1989, but appropriated funds for fire
	3860	+	16 protection or emergency services for that calendar year, the township's
	3861	+	17 maximum ad valorem property tax levy that will apply to the township's
	3862	+	18 firefighting fund under section 3 of this chapter for calendar year 1990
	3863	+	19 is the amount determined in STEP FIVE of the following STEPS:
	3864	+	20 STEP ONE: Determine the amount that the township appropriated
	3865	+	21 from its general fund for fire protection and emergency services
	3866	+	22 (excluding appropriations for the purchase of firefighting
	3867	+	23 apparatus or equipment or housing).
	3868	+	24 STEP TWO: If the township incurred any loans or bonded
	3869	+	25 indebtedness to pay for fire protection or emergency services
	3870	+	26 during the period from January 1, 1987, through December 31,
	3871	+	27 1989 (excluding loans or bonded indebtedness used to purchase
	3872	+	28 firefighting apparatus or equipment or housing), determine the
	3873	+	29 number of calendar years during that period in which the
	3874	+	30 township incurred the loans or bonded indebtedness.
	3875	+	31 STEP THREE: Calculate the quotient of:
	3876	+	32 (A) the total amounts of loans or bonded indebtedness
	3877	+	33 incurred by the township for fire protection and emergency
	3878	+	34 services during the period from January 1, 1987, through
	3879	+	35 December 31, 1989 (excluding loans or bonded indebtedness
	3880	+	36 used to purchase firefighting apparatus or equipment or
	3881	+	37 housing); divided by
	3882	+	38 (B) the number determined in STEP TWO.
	3883	+	39 STEP FOUR: Add the result of STEP ONE to the result of STEP
	3884	+	40 THREE.
	3885	+	41 STEP FIVE: Calculate the maximum ad valorem property tax levy
	3886	+	42 that would result from making the calculations contained in
	3887	+	ES 1—LS 7244/DI 120 88
	3888	+	1 section 3 of this chapter, as those calculations apply to the
	3889	+	2 township, using the result obtained in STEP FOUR for the civil
	3890	+	3 taxing unit's maximum permissible ad valorem property tax levy
	3891	+	4 for the preceding calendar year under section 3(a) or 3(b) of this
	3892	+	5 chapter (as in effect at the time of the calculation), whichever
	3893	+	6 applies to the township.
	3894	+	7 If the amount determined under this subsection is substantially lower
	3895	+	8 than the township's normal expenditure patterns for fire protection and
	3896	+	9 emergency services (excluding the expenditures for the purchase of
	3897	+	10 firefighting apparatus or equipment or housing), the township may
	3898	+	11 appeal to the local government tax control board for an increase in its
	3899	+	12 1990 maximum permissible levy for its township firefighting fund. In
	3900	+	13 considering the appeal, the local government tax control board shall
	3901	+	14 consider other sources of revenue used by the township during calendar
	3902	+	15 year 1989 to fund fire protection and emergency services that are also
	3903	+	16 available for such funding in 1990 and thereafter and the board shall
	3904	+	17 also consider any other relevant factors.
	3905	+	18 (c) If for calendar year 1989:
	3906	+	19 (1) a township had a township firefighting fund under
	3907	+	20 IC 36-8-13-4 but did not have an ad valorem property tax levy for
	3908	+	21 that fund; or
	3909	+	22 (2) a township did not have a township firefighting fund and
	3910	+	23 appropriated no money for fire protection or emergency services;
	3911	+	24 the township's maximum permissible ad valorem property tax levy for
	3912	+	25 its township firefighting fund shall be determined under section 7 of
	3913	+	26 this chapter in the calendar year in which the township first establishes
	3914	+	27 such a levy.
	3915	+	28 SECTION 64. IC 6-1.1-18.5-25, AS AMENDED BY P.L.236-2023,
	3916	+	29 SECTION 32, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	3917	+	30 JULY 1, 2025]: Sec. 25. (a) The ad valorem property tax levy limits
	3918	+	31 imposed under section 3 of this chapter do not apply to a municipality
	3919	+	32 in a year if all the following apply:
	3920	+	33 (1) The percentage growth in the municipality's assessed value for
	3921	+	34 the preceding year compared to the year before the preceding year
	3922	+	35 is at least two (2) times the maximum levy growth quotient
	3923	+	36 determined under section 2 of this chapter for the preceding year.
	3924	+	37 (2) The municipality's population increased by at least one
	3925	+	38 hundred fifty percent (150%) between the last two (2) decennial
	3926	+	39 censuses. The computation of an increase of one hundred fifty
	3927	+	40 percent (150%) under this subdivision shall be determined
	3928	+	41 according to the last STEP of the following STEPS:
	3929	+	42 STEP ONE: Determine the municipality's population as
	3930	+	ES 1—LS 7244/DI 120 89
	3931	+	1 tabulated following the first decennial census.
	3932	+	2 STEP TWO: Determine the municipality's population as
	3933	+	3 tabulated following the second decennial census.
	3934	+	4 STEP THREE: Multiply the amount determined under STEP
	3935	+	5 ONE by a factor of two and five-tenths (2.5).
	3936	+	6 STEP FOUR: Determine whether the population determined
	3937	+	7 under STEP TWO is greater than or equal to the STEP THREE
	3938	+	8 product.
	3939	+	9 (b) A municipality that meets all the requirements under subsection
	3940	+	10 (a) may increase its ad valorem property tax levy in excess of the limits
	3941	+	11 imposed under section 3 of this chapter by a percentage equal to the
	3942	+	12 lesser of:
	3943	+	13 (1) the percentage growth in the municipality's assessed value for
	3944	+	14 the preceding year compared to the year before the preceding
	3945	+	15 year; or
	3946	+	16 (2) six percent (6%).
	3947	+	17 (c) A municipality's maximum levy growth that results from either
	3948	+	18 annexation or the pass through of assessed value from a tax increment
	3949	+	19 financing district may not be included for the purposes of determining
	3950	+	20 a municipality's maximum levy growth under this section.
	3951	+	21 (d) This section applies to property tax levies imposed after
	3952	+	22 December 31, 2016, and before January 1, 2026.
	3953	+	23 (e) This section expires December 31, 2026.
	3954	+	24 SECTION 65. IC 6-1.1-20-1.1, AS AMENDED BY P.L.136-2024,
	3955	+	25 SECTION 22, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	3956	+	26 JULY 1, 2025]: Sec. 1.1. (a) As used in this chapter, "controlled
	3957	+	27 project" means any project financed by bonds or a lease, except for the
	3958	+	28 following:
	3959	+	29 (1) A project for which the political subdivision reasonably
	3960	+	30 expects to pay:
	3961	+	31 (A) debt service; or
	3962	+	32 (B) lease rentals;
	3963	+	33 from funds other than property taxes that are exempt from the
	3964	+	34 levy limitations of IC 6-1.1-18.5 or (before January 1, 2009)
	3965	+	35 IC 20-45-3. A project is not a controlled project even though the
	3966	+	36 political subdivision has pledged to levy property taxes to pay the
	3967	+	37 debt service or lease rentals if those other funds are insufficient.
	3968	+	38 (2) Subject to subsection (b), a project that will not cost the
	3969	+	39 political subdivision more than the lesser of the following:
	3970	+	40 (A) An amount equal to the following:
	3971	+	41 (i) In the case of an ordinance or resolution adopted before
	3972	+	42 January 1, 2018, making a preliminary determination to
	3973	+	ES 1—LS 7244/DI 120 90
	3974	+	1 issue bonds or enter into a lease for the project, two million
	3975	+	2 dollars ($2,000,000).
	3976	+	3 (ii) In the case of an ordinance or resolution adopted after
	3977	+	4 December 31, 2017, and before January 1, 2019, making a
	3978	+	5 preliminary determination to issue bonds or enter into a
	3979	+	6 lease for the project, five million dollars ($5,000,000).
	3980	+	7 (iii) In the case of an ordinance or resolution adopted in a
	3981	+	8 calendar year after December 31, 2018, making a
	3982	+	9 preliminary determination to issue bonds or enter into a
	3983	+	10 lease for the project, an amount (as determined by the
	3984	+	11 department of local government finance) equal to the result
	3985	+	12 of the maximum levy growth quotient determined under
	3986	+	13 IC 6-1.1-18.5-2 for the year multiplied by the amount
	3987	+	14 determined under this clause for the preceding calendar
	3988	+	15 year.
	3989	+	16 The department of local government finance shall publish the
	3990	+	17 threshold determined under item (iii) in the Indiana Register
	3991	+	18 under IC 4-22-7-7 not more than sixty (60) days after the date
	3992	+	19 the budget agency releases the maximum levy growth quotient
	3993	+	20 for the ensuing year under IC 6-1.1-18.5-2.
	3994	+	21 (B) An amount equal to the following:
	3995	+	22 (i) One percent (1%) of the total gross assessed value of
	3996	+	23 property within the political subdivision on the last
	3997	+	24 assessment date, if that total gross assessed value is more
	3998	+	25 than one hundred million dollars ($100,000,000).
	3999	+	26 (ii) One million dollars ($1,000,000), if the total gross
	4000	+	27 assessed value of property within the political subdivision
	4001	+	28 on the last assessment date is not more than one hundred
	4002	+	29 million dollars ($100,000,000).
	4003	+	30 (3) A project that is being refinanced for the purpose of providing
	4004	+	31 gross or net present value savings to taxpayers.
	4005	+	32 (4) A project for which bonds were issued or leases were entered
	4006	+	33 into before January 1, 1996, or where the state board of tax
	4007	+	34 commissioners has approved the issuance of bonds or the
	4008	+	35 execution of leases before January 1, 1996.
	4009	+	36 (5) A project that:
	4010	+	37 (A) is required by a court order holding that a federal law
	4011	+	38 mandates the project; or
	4012	+	39 (B) is in response to a court order holding that:
	4013	+	40 (i) a federal law has been violated; and
	4014	+	41 (ii) the project is to address the deficiency or violation.
	4015	+	42 (6) A project that is in response to:
	4016	+	ES 1—LS 7244/DI 120 91
	4017	+	1 (A) a natural disaster;
	4018	+	2 (B) an accident; or
	4019	+	3 (C) an emergency;
	4020	+	4 in the political subdivision that makes a building or facility
	4021	+	5 unavailable for its intended use.
	4022	+	6 (7) A project that was not a controlled project under this section
	4023	+	7 as in effect on June 30, 2008, and for which:
	4024	+	8 (A) the bonds or lease for the project were issued or entered
	4025	+	9 into before July 1, 2008; or
	4026	+	10 (B) the issuance of the bonds or the execution of the lease for
	4027	+	11 the project was approved by the department of local
	4028	+	12 government finance before July 1, 2008.
	4029	+	13 (8) A project of the Little Calumet River basin development
	4030	+	14 commission for which bonds are payable from special
	4031	+	15 assessments collected under IC 14-13-2-18.6.
	4032	+	16 (9) A project for engineering, land and right-of-way acquisition,
	4033	+	17 construction, resurfacing, maintenance, restoration, and
	4034	+	18 rehabilitation exclusively for or of:
	4035	+	19 (A) local road and street systems, including bridges that are
	4036	+	20 designated as being in a local road and street system;
	4037	+	21 (B) arterial road and street systems, including bridges that are
	4038	+	22 designated as being in an arterial road and street system; or
	4039	+	23 (C) any combination of local and arterial road and street
	4040	+	24 systems, including designated bridges.
	4041	+	25 (b) This subsection does not apply to a project for which a public
	4042	+	26 hearing to issue bonds or enter into a lease has been conducted under
	4043	+	27 IC 20-26-7-37 before July 1, 2023, or to a project for which an
	4044	+	28 ordinance or resolution making a preliminary determination to
	4045	+	29 issue bonds or enter into a lease is adopted after June 30, 2025. If:
	4046	+	30 (1) a political subdivision's total debt service tax rate is more than
	4047	+	31 forty cents ($0.40) per one hundred dollars ($100) of assessed
	4048	+	32 value; and
	4049	+	33 (2) subsection (a)(1) and subsection (a)(3) through (a)(9) are not
	4050	+	34 applicable;
	4051	+	35 the term includes any project to be financed by bonds or a lease,
	4052	+	36 including a project that does not otherwise meet the threshold amount
	4053	+	37 provided in subsection (a)(2). This subsection expires December 31,
	4054	+	38 2025. For purposes of this subsection, a political subdivision's total
	4055	+	39 debt service tax rate does not include a tax rate imposed in a
	4056	+	40 referendum debt service tax levy approved by voters.
	4057	+	41 (c) This subsection applies to a project for which an ordinance
	4058	+	42 or resolution making a preliminary determination to issue bonds
	4059	+	ES 1—LS 7244/DI 120 92
	4060	+	1 or enter into a lease is adopted after June 30, 2025. If subsection
	4061	+	2 (a)(1) and subsection (a)(3) through (a)(9) are not applicable, the
	4062	+	3 term includes any project to be financed by bonds or a lease,
	4063	+	4 including a project that does not otherwise meet the threshold
	4064	+	5 amount provided in subsection (a)(2), if:
	4065	+	6 (1) in the case of a school corporation, the school
	4066	+	7 corporation's total debt service tax rate is more than forty
	4067	+	8 cents ($0.40) per one hundred dollars ($100) of assessed value;
	4068	+	9 (2) in the case of a city, county, or town, the city's, county's, or
	4069	+	10 town's total debt service tax rate is more than twenty-five
	4070	+	11 cents ($0.25) per one hundred dollars ($100) of assessed value;
	4071	+	12 or
	4072	+	13 (3) in the case of a political subdivision not described in
	4073	+	14 subdivision (1) or (2), the political subdivision's total debt
	4074	+	15 service tax rate is more than five cents ($0.05) per one
	4075	+	16 hundred dollars ($100) of assessed value.
	4076	+	17 However, this subsection does not apply to a project for which a
	4077	+	18 public hearing to issue bonds or enter into a lease has been
	4078	+	19 conducted under IC 20-26-7-37 before July 1, 2025. For purposes
	4079	+	20 of this subsection, a political subdivision's total debt service tax
	4080	+	21 rate does not include a tax rate imposed in a referendum debt
	4081	+	22 service tax levy approved by voters.
	4082	+	23 SECTION 66. IC 6-1.1-20-3.1, AS AMENDED BY P.L.136-2024,
	4083	+	24 SECTION 23, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	4084	+	25 JULY 1, 2025]: Sec. 3.1. (a) Subject to section 3.5(a)(1)(C) of this
	4085	+	26 chapter, this section applies only to the following:
	4086	+	27 (1) A controlled project (as defined in section 1.1 of this chapter
	4087	+	28 as in effect June 30, 2008) for which the proper officers of a
	4088	+	29 political subdivision make a preliminary determination in the
	4089	+	30 manner described in subsection (b) before July 1, 2008.
	4090	+	31 (2) An elementary school building, middle school building, high
	4091	+	32 school building, or other school building for academic instruction
	4092	+	33 that:
	4093	+	34 (A) is a controlled project;
	4094	+	35 (B) will be used for any combination of kindergarten through
	4095	+	36 grade 12; and
	4096	+	37 (C) will not cost more than the lesser of the following:
	4097	+	38 (i) The threshold amount determined under this item. In the
	4098	+	39 case of an ordinance or resolution adopted before January 1,
	4099	+	40 2018, making a preliminary determination to issue bonds or
	4100	+	41 enter into a lease for the project, the threshold amount is ten
	4101	+	42 million dollars ($10,000,000). In the case of an ordinance or
	4102	+	ES 1—LS 7244/DI 120 93
	4103	+	1 resolution adopted after December 31, 2017, and before
	4104	+	2 January 1, 2019, making a preliminary determination to
	4105	+	3 issue bonds or enter into a lease for the project, the threshold
	4106	+	4 amount is fifteen million dollars ($15,000,000). In the case
	4107	+	5 of an ordinance or resolution adopted in a calendar year after
	4108	+	6 December 31, 2018, making a preliminary determination to
	4109	+	7 issue bonds or enter into a lease for the project, the threshold
	4110	+	8 amount is an amount (as determined by the department of
	4111	+	9 local government finance) equal to the result of the
	4112	+	10 maximum levy growth quotient determined under
	4113	+	11 IC 6-1.1-18.5-2 for the year multiplied by the threshold
	4114	+	12 amount determined under this item for the preceding
	4115	+	13 calendar year. In the case of a threshold amount determined
	4116	+	14 under this item that applies for a calendar year after
	4117	+	15 December 31, 2018, the department of local government
	4118	+	16 finance shall publish the threshold in the Indiana Register
	4119	+	17 under IC 4-22-7-7 not more than sixty (60) days after the
	4120	+	18 date the budget agency releases the maximum levy growth
	4121	+	19 quotient for the ensuing year under IC 6-1.1-18.5-2.
	4122	+	20 (ii) An amount equal to one percent (1%) of the total gross
	4123	+	21 assessed value of property within the political subdivision
	4124	+	22 on the last assessment date, if that total gross assessed value
	4125	+	23 is more than one billion dollars ($1,000,000,000), or ten
	4126	+	24 million dollars ($10,000,000), if the total gross assessed
	4127	+	25 value of property within the political subdivision on the last
	4128	+	26 assessment date is not more than one billion dollars
	4129	+	27 ($1,000,000,000).
	4130	+	28 (3) Any other controlled project that:
	4131	+	29 (A) is not a controlled project described in subdivision (1) or
	4132	+	30 (2); and
	4133	+	31 (B) will not cost the political subdivision more than the lesser
	4134	+	32 of the following:
	4135	+	33 (i) The threshold amount determined under this item. In the
	4136	+	34 case of an ordinance or resolution adopted before January 1,
	4137	+	35 2018, making a preliminary determination to issue bonds or
	4138	+	36 enter into a lease for the project, the threshold amount is
	4139	+	37 twelve million dollars ($12,000,000). In the case of an
	4140	+	38 ordinance or resolution adopted after December 31, 2017,
	4141	+	39 and before January 1, 2019, making a preliminary
	4142	+	40 determination to issue bonds or enter into a lease for the
	4143	+	41 project, the threshold amount is fifteen million dollars
	4144	+	42 ($15,000,000). In the case of an ordinance or resolution
	4145	+	ES 1—LS 7244/DI 120 94
	4146	+	1 adopted in a calendar year after December 31, 2018, making
	4147	+	2 a preliminary determination to issue bonds or enter into a
	4148	+	3 lease for the project, the threshold amount is an amount (as
	4149	+	4 determined by the department of local government finance)
	4150	+	5 equal to the result of the maximum levy growth quotient
	4151	+	6 determined under IC 6-1.1-18.5-2 for the year multiplied by
	4152	+	7 the threshold amount determined under this item for the
	4153	+	8 preceding calendar year. In the case of a threshold amount
	4154	+	9 determined under this item that applies for a calendar year
	4155	+	10 after December 31, 2018, the department of local
	4156	+	11 government finance shall publish the threshold in the
	4157	+	12 Indiana Register under IC 4-22-7-7 not more than sixty (60)
	4158	+	13 days after the date the budget agency releases the maximum
	4159	+	14 levy growth quotient for the ensuing year under
	4160	+	15 IC 6-1.1-18.5-2.
	4161	+	16 (ii) An amount equal to one percent (1%) of the total gross
	4162	+	17 assessed value of property within the political subdivision
	4163	+	18 on the last assessment date, if that total gross assessed value
	4164	+	19 is more than one hundred million dollars ($100,000,000), or
	4165	+	20 one million dollars ($1,000,000), if the total gross assessed
	4166	+	21 value of property within the political subdivision on the last
	4167	+	22 assessment date is not more than one hundred million
	4168	+	23 dollars ($100,000,000).
	4169	+	24 (4) A controlled project funded by debt service if the scope of the
	4170	+	25 project changes from the purpose of the project initially
	4171	+	26 advertised to taxpayers as determined under section 4.2(c) of this
	4172	+	27 chapter.
	4173	+	28 (5) This subdivision does not apply to a project for which a public
	4174	+	29 hearing to issue bonds or enter into a lease has been conducted
	4175	+	30 under IC 20-26-7-37 before July 1, 2023, or to a project for
	4176	+	31 which an ordinance or resolution making a preliminary
	4177	+	32 determination to issue bonds or enter into a lease is adopted
	4178	+	33 after June 30, 2025. Any other controlled project if both of the
	4179	+	34 following apply:
	4180	+	35 (A) The political subdivision's total debt service tax rate is
	4181	+	36 more than forty cents ($0.40) per one hundred dollars ($100)
	4182	+	37 of assessed value, but less than eighty cents ($0.80) per one
	4183	+	38 hundred dollars ($100) of assessed value.
	4184	+	39 (B) The controlled project is not otherwise described in section
	4185	+	40 3.5(a)(1) of this chapter.
	4186	+	41 This subdivision expires December 31, 2025. For purposes of this
	4187	+	42 subdivision, a political subdivision's total debt service tax rate
	4188	+	ES 1—LS 7244/DI 120 95
	4189	+	1 does not include a tax rate imposed in a referendum debt service
	4190	+	2 levy approved by voters.
	4191	+	3 (6) Any other controlled project if the following apply:
	4192	+	4 (A) An ordinance or resolution making a preliminary
	4193	+	5 determination to issue bonds or enter into a lease for the
	4194	+	6 project is adopted after June 30, 2025.
	4195	+	7 (B) The controlled project is not otherwise described in
	4196	+	8 section 3.5(a)(1) of this chapter.
	4197	+	9 (C) In the case of a:
	4198	+	10 (i) school corporation, the school corporation's total debt
	4199	+	11 service tax rate is more than forty cents ($0.40) per one
	4200	+	12 hundred dollars ($100) of assessed value, but not more
	4201	+	13 than seventy cents ($0.70) per one hundred dollars
	4202	+	14 ($100) of assessed value;
	4203	+	15 (ii) city, county, or town, the city's, county's, or town's
	4204	+	16 total debt service tax rate is more than twenty-five cents
	4205	+	17 ($0.25) per one hundred dollars ($100) of assessed value,
	4206	+	18 but not more than forty cents ($0.40) per one hundred
	4207	+	19 dollars ($100) of assessed value; or
	4208	+	20 (iii) political subdivision not described in item (i) or (ii),
	4209	+	21 the political subdivision's total debt service tax rate is
	4210	+	22 more than five cents ($0.05) per one hundred dollars
	4211	+	23 ($100) of assessed value, but not more than ten cents
	4212	+	24 ($0.10) per one hundred dollars ($100) of assessed value.
	4213	+	25 However, this subdivision does not apply to a project for
	4214	+	26 which a public hearing to issue bonds or enter into a lease has
	4215	+	27 been conducted under IC 20-26-7-37 before July 1, 2025. For
	4216	+	28 purposes of this subdivision, a political subdivision's total debt
	4217	+	29 service tax rate does not include a tax rate imposed in a
	4218	+	30 referendum debt service tax levy approved by voters.
	4219	+	31 (b) A political subdivision may not impose property taxes to pay
	4220	+	32 debt service on bonds or lease rentals on a lease for a controlled project
	4221	+	33 without completing the following procedures:
	4222	+	34 (1) The proper officers of a political subdivision shall publish
	4223	+	35 notice in accordance with IC 5-3-1 and send notice by first class
	4224	+	36 mail to the circuit court clerk and to any organization that delivers
	4225	+	37 to the officers, before January 1 of that year, an annual written
	4226	+	38 request for such notices of any meeting to consider adoption of a
	4227	+	39 resolution or an ordinance making a preliminary determination to
	4228	+	40 issue bonds or enter into a lease and shall conduct at least two (2)
	4229	+	41 public hearings on a preliminary determination before adoption
	4230	+	42 of the resolution or ordinance. The political subdivision must at
	4231	+	ES 1—LS 7244/DI 120 96
	4232	+	1 each of the public hearings on the preliminary determination
	4233	+	2 allow the public to testify regarding the preliminary determination
	4234	+	3 and must make the following information available to the public
	4235	+	4 at each of the public hearings on the preliminary determination,
	4236	+	5 in addition to any other information required by law:
	4237	+	6 (A) The result of the political subdivision's current and
	4238	+	7 projected annual debt service payments divided by the net
	4239	+	8 assessed value of taxable property within the political
	4240	+	9 subdivision.
	4241	+	10 (B) The result of:
	4242	+	11 (i) the sum of the political subdivision's outstanding long
	4243	+	12 term debt plus the outstanding long term debt of other taxing
	4244	+	13 units that include any of the territory of the political
	4245	+	14 subdivision; divided by
	4246	+	15 (ii) the net assessed value of taxable property within the
	4247	+	16 political subdivision.
	4248	+	17 (C) The information specified in subdivision (3)(A) through
	4249	+	18 (3)(H).
	4250	+	19 (2) When the proper officers of a political subdivision make a
	4251	+	20 preliminary determination to issue bonds or enter into a lease for
	4252	+	21 a controlled project, the officers shall give notice of the
	4253	+	22 preliminary determination by:
	4254	+	23 (A) publication in accordance with IC 5-3-1; and
	4255	+	24 (B) first class mail to the circuit court clerk and to the
	4256	+	25 organizations described in subdivision (1).
	4257	+	26 (3) A notice under subdivision (2) of the preliminary
	4258	+	27 determination of the political subdivision to issue bonds or enter
	4259	+	28 into a lease for a controlled project must include the following
	4260	+	29 information:
	4261	+	30 (A) The maximum term of the bonds or lease.
	4262	+	31 (B) The maximum principal amount of the bonds or the
	4263	+	32 maximum lease rental for the lease.
	4264	+	33 (C) The estimated interest rates that will be paid and the total
	4265	+	34 interest costs associated with the bonds or lease.
	4266	+	35 (D) The purpose of the bonds or lease.
	4267	+	36 (E) A statement that any owners of property within the
	4268	+	37 political subdivision or registered voters residing within the
	4269	+	38 political subdivision who want to initiate a petition and
	4270	+	39 remonstrance process against the proposed debt service or
	4271	+	40 lease payments must file a petition that complies with
	4272	+	41 subdivisions (4) and (5) not later than thirty (30) days after
	4273	+	42 publication in accordance with IC 5-3-1.
	4274	+	ES 1—LS 7244/DI 120 97
	4275	+	1 (F) With respect to bonds issued or a lease entered into to
	4276	+	2 open:
	4277	+	3 (i) a new school facility; or
	4278	+	4 (ii) an existing facility that has not been used for at least
	4279	+	5 three (3) years and that is being reopened to provide
	4280	+	6 additional classroom space;
	4281	+	7 the estimated costs the school corporation expects to incur
	4282	+	8 annually to operate the facility.
	4283	+	9 (G) A statement of whether the school corporation expects to
	4284	+	10 appeal for a new facility adjustment (as defined in
	4285	+	11 IC 20-45-1-16 (repealed) before January 1, 2009) for an
	4286	+	12 increased maximum permissible tuition support levy to pay the
	4287	+	13 estimated costs described in clause (F).
	4288	+	14 (H) The following information:
	4289	+	15 (i) The political subdivision's current debt service levy and
	4290	+	16 rate.
	4291	+	17 (ii) The estimated increase to the political subdivision's debt
	4292	+	18 service levy and rate that will result if the political
	4293	+	19 subdivision issues the bonds or enters into the lease.
	4294	+	20 (iii) The estimated amount of the political subdivision's debt
	4295	+	21 service levy and rate that will result during the following ten
	4296	+	22 (10) years if the political subdivision issues the bonds or
	4297	+	23 enters into the lease, after also considering any changes that
	4298	+	24 will occur to the debt service levy and rate during that
	4299	+	25 period on account of any outstanding bonds or lease
	4300	+	26 obligations that will mature or terminate during that period.
	4301	+	27 (I) The information specified in subdivision (1)(A) through
	4302	+	28 (1)(B).
	4303	+	29 (4) After notice is given, a petition requesting the application of
	4304	+	30 a petition and remonstrance process may be filed by the lesser of:
	4305	+	31 (A) five hundred (500) persons who are either owners of
	4306	+	32 property within the political subdivision or registered voters
	4307	+	33 residing within the political subdivision; or
	4308	+	34 (B) five percent (5%) of the registered voters residing within
	4309	+	35 the political subdivision.
	4310	+	36 (5) The state board of accounts shall design and, upon request by
	4311	+	37 the county voter registration office, deliver to the county voter
	4312	+	38 registration office or the county voter registration office's
	4313	+	39 designated printer the petition forms to be used solely in the
	4314	+	40 petition process described in this section. The county voter
	4315	+	41 registration office shall issue to an owner or owners of property
	4316	+	42 within the political subdivision or a registered voter residing
	4317	+	ES 1—LS 7244/DI 120 98
	4318	+	1 within the political subdivision the number of petition forms
	4319	+	2 requested by the owner or owners or the registered voter. Each
	4320	+	3 form must be accompanied by instructions detailing the
	4321	+	4 requirements that:
	4322	+	5 (A) the carrier and signers must be owners of property or
	4323	+	6 registered voters;
	4324	+	7 (B) the carrier must be a signatory on at least one (1) petition;
	4325	+	8 (C) after the signatures have been collected, the carrier must
	4326	+	9 swear or affirm before a notary public that the carrier
	4327	+	10 witnessed each signature; and
	4328	+	11 (D) govern the closing date for the petition period.
	4329	+	12 Persons requesting forms may be required to identify themselves
	4330	+	13 as owners of property or registered voters and may be allowed to
	4331	+	14 pick up additional copies to distribute to other owners of property
	4332	+	15 or registered voters. Each person signing a petition must indicate
	4333	+	16 whether the person is signing the petition as a registered voter
	4334	+	17 within the political subdivision or is signing the petition as the
	4335	+	18 owner of property within the political subdivision. A person who
	4336	+	19 signs a petition as a registered voter must indicate the address at
	4337	+	20 which the person is registered to vote. A person who signs a
	4338	+	21 petition as an owner of property must indicate the address of the
	4339	+	22 property owned by the person in the political subdivision.
	4340	+	23 (6) Each petition must be verified under oath by at least one (1)
	4341	+	24 qualified petitioner in a manner prescribed by the state board of
	4342	+	25 accounts before the petition is filed with the county voter
	4343	+	26 registration office under subdivision (7).
	4344	+	27 (7) Each petition must be filed with the county voter registration
	4345	+	28 office not more than thirty (30) days after publication under
	4346	+	29 subdivision (2) of the notice of the preliminary determination.
	4347	+	30 (8) The county voter registration office shall determine whether
	4348	+	31 each person who signed the petition is a registered voter.
	4349	+	32 However, after the county voter registration office has determined
	4350	+	33 that at least five hundred twenty-five (525) persons who signed
	4351	+	34 the petition are registered voters within the political subdivision,
	4352	+	35 the county voter registration office is not required to verify
	4353	+	36 whether the remaining persons who signed the petition are
	4354	+	37 registered voters. If the county voter registration office does not
	4355	+	38 determine that at least five hundred twenty-five (525) persons
	4356	+	39 who signed the petition are registered voters, the county voter
	4357	+	40 registration office shall, not more than fifteen (15) business days
	4358	+	41 after receiving a petition, forward a copy of the petition to the
	4359	+	42 county auditor. Not more than ten (10) business days after
	4360	+	ES 1—LS 7244/DI 120 99
	4361	+	1 receiving the copy of the petition, the county auditor shall provide
	4362	+	2 to the county voter registration office a statement verifying:
	4363	+	3 (A) whether a person who signed the petition as a registered
	4364	+	4 voter but is not a registered voter, as determined by the county
	4365	+	5 voter registration office, is the owner of property in the
	4366	+	6 political subdivision; and
	4367	+	7 (B) whether a person who signed the petition as an owner of
	4368	+	8 property within the political subdivision does in fact own
	4369	+	9 property within the political subdivision.
	4370	+	10 (9) The county voter registration office, not more than ten (10)
	4371	+	11 business days after determining that at least five hundred
	4372	+	12 twenty-five (525) persons who signed the petition are registered
	4373	+	13 voters or receiving the statement from the county auditor under
	4374	+	14 subdivision (8), as applicable, shall make the final determination
	4375	+	15 of the number of petitioners that are registered voters in the
	4376	+	16 political subdivision and, based on the statement provided by the
	4377	+	17 county auditor, the number of petitioners that own property within
	4378	+	18 the political subdivision. Whenever the name of an individual
	4379	+	19 who signs a petition form as a registered voter contains a minor
	4380	+	20 variation from the name of the registered voter as set forth in the
	4381	+	21 records of the county voter registration office, the signature is
	4382	+	22 presumed to be valid, and there is a presumption that the
	4383	+	23 individual is entitled to sign the petition under this section. Except
	4384	+	24 as otherwise provided in this chapter, in determining whether an
	4385	+	25 individual is a registered voter, the county voter registration office
	4386	+	26 shall apply the requirements and procedures used under IC 3 to
	4387	+	27 determine whether a person is a registered voter for purposes of
	4388	+	28 voting in an election governed by IC 3. However, an individual is
	4389	+	29 not required to comply with the provisions concerning providing
	4390	+	30 proof of identification to be considered a registered voter for
	4391	+	31 purposes of this chapter. A person is entitled to sign a petition
	4392	+	32 only one (1) time in a particular petition and remonstrance
	4393	+	33 process under this chapter, regardless of whether the person owns
	4394	+	34 more than one (1) parcel of real property, mobile home assessed
	4395	+	35 as personal property, or manufactured home assessed as personal
	4396	+	36 property, or a combination of those types of property within the
	4397	+	37 subdivision and regardless of whether the person is both a
	4398	+	38 registered voter in the political subdivision and the owner of
	4399	+	39 property within the political subdivision. Notwithstanding any
	4400	+	40 other provision of this section, if a petition is presented to the
	4401	+	41 county voter registration office within forty-five (45) days before
	4402	+	42 an election, the county voter registration office may defer acting
	4403	+	ES 1—LS 7244/DI 120 100
	4404	+	1 on the petition, and the time requirements under this section for
	4405	+	2 action by the county voter registration office do not begin to run
	4406	+	3 until five (5) days after the date of the election.
	4407	+	4 (10) The county voter registration office must file a certificate and
	4408	+	5 each petition with:
	4409	+	6 (A) the township trustee, if the political subdivision is a
	4410	+	7 township, who shall present the petition or petitions to the
	4411	+	8 township board; or
	4412	+	9 (B) the body that has the authority to authorize the issuance of
	4413	+	10 the bonds or the execution of a lease, if the political
	4414	+	11 subdivision is not a township;
	4415	+	12 within thirty-five (35) business days of the filing of the petition
	4416	+	13 requesting a petition and remonstrance process. The certificate
	4417	+	14 must state the number of petitioners that are owners of property
	4418	+	15 within the political subdivision and the number of petitioners who
	4419	+	16 are registered voters residing within the political subdivision.
	4420	+	17 If a sufficient petition requesting a petition and remonstrance process
	4421	+	18 is not filed by owners of property or registered voters as set forth in this
	4422	+	19 section, the political subdivision may issue bonds or enter into a lease
	4423	+	20 by following the provisions of law relating to the bonds to be issued or
	4424	+	21 lease to be entered into.
	4425	+	22 (c) A political subdivision may not divide a controlled project in
	4426	+	23 order to avoid the requirements of this section and section 3.2 of this
	4427	+	24 chapter. A person that owns property within a political subdivision or
	4428	+	25 a person that is a registered voter residing within a political subdivision
	4429	+	26 may file a petition with the department of local government finance
	4430	+	27 objecting that the political subdivision has divided a controlled project
	4431	+	28 in order to avoid the requirements of this section and section 3.2 of this
	4432	+	29 chapter. The petition must be filed not more than ten (10) days after the
	4433	+	30 political subdivision gives notice of the political subdivision's decision
	4434	+	31 to issue bonds or enter into leases for a capital project that the person
	4435	+	32 believes is the result of a division of a controlled project that is
	4436	+	33 prohibited by this subsection. If the department of local government
	4437	+	34 finance receives a petition under this subsection, the department shall
	4438	+	35 not later than thirty (30) days after receiving the petition make a final
	4439	+	36 determination on the issue of whether the political subdivision divided
	4440	+	37 a controlled project in order to avoid the requirements of this section
	4441	+	38 and section 3.2 of this chapter. If the department of local government
	4442	+	39 finance determines that a political subdivision divided a controlled
	4443	+	40 project in order to avoid the requirements of this section and section
	4444	+	41 3.2 of this chapter and the political subdivision continues to desire to
	4445	+	42 proceed with the project, the political subdivision shall fulfill the
	4446	+	ES 1—LS 7244/DI 120 101
	4447	+	1 requirements of this section and section 3.2 of this chapter, if
	4448	+	2 applicable, regardless of the cost of the project in dispute. A political
	4449	+	3 subdivision shall be considered to have divided a capital project in
	4450	+	4 order to avoid the requirements of this section and section 3.2 of this
	4451	+	5 chapter if the result of one (1) or more of the subprojects cannot
	4452	+	6 reasonably be considered an independently desirable end in itself
	4453	+	7 without reference to another capital project. This subsection does not
	4454	+	8 prohibit a political subdivision from undertaking a series of capital
	4455	+	9 projects in which the result of each capital project can reasonably be
	4456	+	10 considered an independently desirable end in itself without reference
	4457	+	11 to another capital project.
	4458	+	12 SECTION 67. IC 6-1.1-20-3.5, AS AMENDED BY P.L.136-2024,
	4459	+	13 SECTION 24, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	4460	+	14 JULY 1, 2025]: Sec. 3.5. (a) This section applies only to a controlled
	4461	+	15 project that meets the following conditions:
	4462	+	16 (1) The controlled project is described in one (1) of the following
	4463	+	17 categories:
	4464	+	18 (A) An elementary school building, middle school building,
	4465	+	19 high school building, or other school building for academic
	4466	+	20 instruction that will be used for any combination of
	4467	+	21 kindergarten through grade 12 and will cost more than the
	4468	+	22 lesser of the following:
	4469	+	23 (i) The threshold amount determined under this item. In the
	4470	+	24 case of an ordinance or resolution adopted before January 1,
	4471	+	25 2018, making a preliminary determination to issue bonds or
	4472	+	26 enter into a lease for the project, the threshold amount is ten
	4473	+	27 million dollars ($10,000,000). In the case of an ordinance or
	4474	+	28 resolution adopted after December 31, 2017, and before
	4475	+	29 January 1, 2019, making a preliminary determination to
	4476	+	30 issue bonds or enter into a lease for the project, the threshold
	4477	+	31 amount is fifteen million dollars ($15,000,000). In the case
	4478	+	32 of an ordinance or resolution adopted in a calendar year after
	4479	+	33 December 31, 2018, making a preliminary determination to
	4480	+	34 issue bonds or enter into a lease for the project, the threshold
	4481	+	35 amount is an amount (as determined by the department of
	4482	+	36 local government finance) equal to the result of the
	4483	+	37 maximum levy growth quotient determined under
	4484	+	38 IC 6-1.1-18.5-2 for the year multiplied by the threshold
	4485	+	39 amount determined under this item for the preceding
	4486	+	40 calendar year. In the case of a threshold amount determined
	4487	+	41 under this item that applies for a calendar year after
	4488	+	42 December 31, 2018, the department of local government
	4489	+	ES 1—LS 7244/DI 120 102
	4490	+	1 finance shall publish the threshold in the Indiana Register
	4491	+	2 under IC 4-22-7-7 not more than sixty (60) days after the
	4492	+	3 date the budget agency releases the maximum levy growth
	4493	+	4 quotient for the ensuing year under IC 6-1.1-18.5-2.
	4494	+	5 (ii) An amount equal to one percent (1%) of the total gross
	4495	+	6 assessed value of property within the political subdivision
	4496	+	7 on the last assessment date, if that total gross assessed value
	4497	+	8 is more than one billion dollars ($1,000,000,000), or ten
	4498	+	9 million dollars ($10,000,000), if the total gross assessed
	4499	+	10 value of property within the political subdivision on the last
	4500	+	11 assessment date is not more than one billion dollars
	4501	+	12 ($1,000,000,000).
	4502	+	13 (B) Any other controlled project that is not a controlled project
	4503	+	14 described in clause (A) and will cost the political subdivision
	4504	+	15 more than the lesser of the following:
	4505	+	16 (i) The threshold amount determined under this item. In the
	4506	+	17 case of an ordinance or resolution adopted before January 1,
	4507	+	18 2018, making a preliminary determination to issue bonds or
	4508	+	19 enter into a lease for the project, the threshold amount is
	4509	+	20 twelve million dollars ($12,000,000). In the case of an
	4510	+	21 ordinance or resolution adopted after December 31, 2017,
	4511	+	22 and before January 1, 2019, making a preliminary
	4512	+	23 determination to issue bonds or enter into a lease for the
	4513	+	24 project, the threshold amount is fifteen million dollars
	4514	+	25 ($15,000,000). In the case of an ordinance or resolution
	4515	+	26 adopted in a calendar year after December 31, 2018, making
	4516	+	27 a preliminary determination to issue bonds or enter into a
	4517	+	28 lease for the project, the threshold amount is an amount (as
	4518	+	29 determined by the department of local government finance)
	4519	+	30 equal to the result of the maximum levy growth quotient
	4520	+	31 determined under IC 6-1.1-18.5-2 for the year multiplied by
	4521	+	32 the threshold amount determined under this item for the
	4522	+	33 preceding calendar year. In the case of a threshold amount
	4523	+	34 determined under this item that applies for a calendar year
	4524	+	35 after December 31, 2018, the department of local
	4525	+	36 government finance shall publish the threshold in the
	4526	+	37 Indiana Register under IC 4-22-7-7 not more than sixty (60)
	4527	+	38 days after the date the budget agency releases the maximum
	4528	+	39 levy growth quotient for the ensuing year under
	4529	+	40 IC 6-1.1-18.5-2.
	4530	+	41 (ii) An amount equal to one percent (1%) of the total gross
	4531	+	42 assessed value of property within the political subdivision
	4532	+	ES 1—LS 7244/DI 120 103
	4533	+	1 on the last assessment date, if that total gross assessed value
	4534	+	2 is more than one hundred million dollars ($100,000,000), or
	4535	+	3 one million dollars ($1,000,000), if the total gross assessed
	4536	+	4 value of property within the political subdivision on the last
	4537	+	5 assessment date is not more than one hundred million
	4538	+	6 dollars ($100,000,000).
	4539	+	7 (C) Any other controlled project for which a political
	4540	+	8 subdivision adopts an ordinance or resolution making a
	4541	+	9 preliminary determination to issue bonds or enter into a lease
	4542	+	10 for the project, if the sum of:
	4543	+	11 (i) the cost of that controlled project; plus
	4544	+	12 (ii) the costs of all other controlled projects for which the
	4545	+	13 political subdivision has previously adopted within the
	4546	+	14 preceding three hundred sixty-five (365) days an ordinance
	4547	+	15 or resolution making a preliminary determination to issue
	4548	+	16 bonds or enter into a lease for those other controlled
	4549	+	17 projects;
	4550	+	18 exceeds twenty-five million dollars ($25,000,000).
	4551	+	19 (D) A controlled project funded by debt service if the scope of
	4552	+	20 the project changes from the purpose of the project initially
	4553	+	21 advertised to taxpayers as determined under section 4.3(c) of
	4554	+	22 this chapter.
	4555	+	23 (E) This clause does not apply to a project for which a public
	4556	+	24 hearing to issue bonds or enter into a lease has been conducted
	4557	+	25 under IC 20-26-7-37 before July 1, 2023, or to a project for
	4558	+	26 which an ordinance or resolution making a preliminary
	4559	+	27 determination to issue bonds or enter into a lease is
	4560	+	28 adopted after June 30, 2025. Except as provided in section
	4561	+	29 4.5 of this chapter, any other controlled project if the political
	4562	+	30 subdivision's total debt service tax rate is at least eighty cents
	4563	+	31 ($0.80) per one hundred dollars ($100) of assessed value. This
	4564	+	32 clause expires December 31, 2025. For purposes of this clause,
	4565	+	33 a political subdivision's total debt service tax rate does not
	4566	+	34 include a tax rate imposed in a referendum debt service tax
	4567	+	35 levy approved by voters.
	4568	+	36 (F) Except as provided in section 4.5 of this chapter, any
	4569	+	37 other project for which an ordinance or resolution making
	4570	+	38 a preliminary determination to issue bonds or enter into a
	4571	+	39 lease is adopted after June 30, 2025, if:
	4572	+	40 (i) in the case of a school corporation, the school
	4573	+	41 corporation's total debt service tax rate is more than
	4574	+	42 seventy cents ($0.70) per one hundred dollars ($100) of
	4575	+	ES 1—LS 7244/DI 120 104
	4576	+	1 assessed value;
	4577	+	2 (ii) in the case of a city, county, or town, the city's,
	4578	+	3 county's, or town's total debt service tax rate is more
	4579	+	4 than forty cents ($0.40) per one hundred dollars ($100)
	4580	+	5 of assessed value; or
	4581	+	6 (iii) in the case of a political subdivision not described in
	4582	+	7 item (i) or (ii), the political subdivision's total debt
	4583	+	8 service tax rate is more than ten cents ($0.10) per one
	4584	+	9 hundred dollars ($100) of assessed value.
	4585	+	10 However, this clause does not apply to a project for which
	4586	+	11 a public hearing to issue bonds or enter into a lease has
	4587	+	12 been conducted under IC 20-26-7-37 before July 1, 2025.
	4588	+	13 For purposes of this clause, a political subdivision's total
	4589	+	14 debt service tax rate does not include a tax rate imposed in
	4590	+	15 a referendum debt service tax levy approved by voters.
	4591	+	16 (2) The proper officers of the political subdivision make a
	4592	+	17 preliminary determination after June 30, 2008, in the manner
	4593	+	18 described in subsection (b) to issue bonds or enter into a lease for
	4594	+	19 the controlled project.
	4595	+	20 (b) Subject to subsection (d), a political subdivision may not impose
	4596	+	21 property taxes to pay debt service on bonds or lease rentals on a lease
	4597	+	22 for a controlled project without completing the following procedures:
	4598	+	23 (1) The proper officers of a political subdivision shall publish
	4599	+	24 notice in accordance with IC 5-3-1 and send notice by first class
	4600	+	25 mail to the circuit court clerk and to any organization that delivers
	4601	+	26 to the officers, before January 1 of that year, an annual written
	4602	+	27 request for notices of any meeting to consider the adoption of an
	4603	+	28 ordinance or a resolution making a preliminary determination to
	4604	+	29 issue bonds or enter into a lease and shall conduct at least two (2)
	4605	+	30 public hearings on the preliminary determination before adoption
	4606	+	31 of the ordinance or resolution. The political subdivision must at
	4607	+	32 each of the public hearings on the preliminary determination
	4608	+	33 allow the public to testify regarding the preliminary determination
	4609	+	34 and must make the following information available to the public
	4610	+	35 at each of the public hearings on the preliminary determination,
	4611	+	36 in addition to any other information required by law:
	4612	+	37 (A) The result of the political subdivision's current and
	4613	+	38 projected annual debt service payments divided by the net
	4614	+	39 assessed value of taxable property within the political
	4615	+	40 subdivision.
	4616	+	41 (B) The result of:
	4617	+	42 (i) the sum of the political subdivision's outstanding long
	4618	+	ES 1—LS 7244/DI 120 105
	4619	+	1 term debt plus the outstanding long term debt of other taxing
	4620	+	2 units that include any of the territory of the political
	4621	+	3 subdivision; divided by
	4622	+	4 (ii) the net assessed value of taxable property within the
	4623	+	5 political subdivision.
	4624	+	6 (C) The information specified in subdivision (3)(A) through
	4625	+	7 (3)(G).
	4626	+	8 (2) If the proper officers of a political subdivision make a
	4627	+	9 preliminary determination to issue bonds or enter into a lease, the
	4628	+	10 officers shall give notice of the preliminary determination by:
	4629	+	11 (A) publication in accordance with IC 5-3-1; and
	4630	+	12 (B) first class mail to the circuit court clerk and to the
	4631	+	13 organizations described in subdivision (1).
	4632	+	14 (3) A notice under subdivision (2) of the preliminary
	4633	+	15 determination of the political subdivision to issue bonds or enter
	4634	+	16 into a lease must include the following information:
	4635	+	17 (A) The maximum term of the bonds or lease.
	4636	+	18 (B) The maximum principal amount of the bonds or the
	4637	+	19 maximum lease rental for the lease.
	4638	+	20 (C) The estimated interest rates that will be paid and the total
	4639	+	21 interest costs associated with the bonds or lease.
	4640	+	22 (D) The purpose of the bonds or lease.
	4641	+	23 (E) A statement that the proposed debt service or lease
	4642	+	24 payments must be approved in an election on a local public
	4643	+	25 question held under section 3.6 of this chapter.
	4644	+	26 (F) With respect to bonds issued or a lease entered into to
	4645	+	27 open:
	4646	+	28 (i) a new school facility; or
	4647	+	29 (ii) an existing facility that has not been used for at least
	4648	+	30 three (3) years and that is being reopened to provide
	4649	+	31 additional classroom space;
	4650	+	32 the estimated costs the school corporation expects to annually
	4651	+	33 incur to operate the facility.
	4652	+	34 (G) The following information:
	4653	+	35 (i) The political subdivision's current debt service levy and
	4654	+	36 rate.
	4655	+	37 (ii) The estimated increase to the political subdivision's debt
	4656	+	38 service levy and rate that will result if the political
	4657	+	39 subdivision issues the bonds or enters into the lease.
	4658	+	40 (iii) The estimated amount of the political subdivision's debt
	4659	+	41 service levy and rate that will result during the following ten
	4660	+	42 (10) years if the political subdivision issues the bonds or
	4661	+	ES 1—LS 7244/DI 120 106
	4662	+	1 enters into the lease, after also considering any changes that
	4663	+	2 will occur to the debt service levy and rate during that
	4664	+	3 period on account of any outstanding bonds or lease
	4665	+	4 obligations that will mature or terminate during that period.
	4666	+	5 (H) The information specified in subdivision (1)(A) through
	4667	+	6 (1)(B).
	4668	+	7 (4) This subdivision does not apply to a controlled project
	4669	+	8 described in subsection (a)(1)(E) (before its expiration) or
	4670	+	9 subsection (a)(1)(F). After notice is given, a petition requesting
	4671	+	10 the application of the local public question process under section
	4672	+	11 3.6 of this chapter may be filed by the lesser of:
	4673	+	12 (A) five hundred (500) persons who are either owners of
	4674	+	13 property within the political subdivision or registered voters
	4675	+	14 residing within the political subdivision; or
	4676	+	15 (B) five percent (5%) of the registered voters residing within
	4677	+	16 the political subdivision.
	4678	+	17 (5) This subdivision does not apply to a controlled project
	4679	+	18 described in subsection (a)(1)(E) (before its expiration) or
	4680	+	19 subsection (a)(1)(F). The state board of accounts shall design
	4681	+	20 and, upon request by the county voter registration office, deliver
	4682	+	21 to the county voter registration office or the county voter
	4683	+	22 registration office's designated printer the petition forms to be
	4684	+	23 used solely in the petition process described in this section. The
	4685	+	24 county voter registration office shall issue to an owner or owners
	4686	+	25 of property within the political subdivision or a registered voter
	4687	+	26 residing within the political subdivision the number of petition
	4688	+	27 forms requested by the owner or owners or the registered voter.
	4689	+	28 Each form must be accompanied by instructions detailing the
	4690	+	29 requirements that:
	4691	+	30 (A) the carrier and signers must be owners of property or
	4692	+	31 registered voters;
	4693	+	32 (B) the carrier must be a signatory on at least one (1) petition;
	4694	+	33 (C) after the signatures have been collected, the carrier must
	4695	+	34 swear or affirm before a notary public that the carrier
	4696	+	35 witnessed each signature; and
	4697	+	36 (D) govern the closing date for the petition period.
	4698	+	37 Persons requesting forms may be required to identify themselves
	4699	+	38 as owners of property or registered voters and may be allowed to
	4700	+	39 pick up additional copies to distribute to other owners of property
	4701	+	40 or registered voters. Each person signing a petition must indicate
	4702	+	41 whether the person is signing the petition as a registered voter
	4703	+	42 within the political subdivision or is signing the petition as the
	4704	+	ES 1—LS 7244/DI 120 107
	4705	+	1 owner of property within the political subdivision. A person who
	4706	+	2 signs a petition as a registered voter must indicate the address at
	4707	+	3 which the person is registered to vote. A person who signs a
	4708	+	4 petition as an owner of property must indicate the address of the
	4709	+	5 property owned by the person in the political subdivision.
	4710	+	6 (6) This subdivision does not apply to a controlled project
	4711	+	7 described in subsection (a)(1)(E) (before its expiration) or
	4712	+	8 subsection (a)(1)(F). Each petition must be verified under oath
	4713	+	9 by at least one (1) qualified petitioner in a manner prescribed by
	4714	+	10 the state board of accounts before the petition is filed with the
	4715	+	11 county voter registration office under subdivision (7).
	4716	+	12 (7) This subdivision does not apply to a controlled project
	4717	+	13 described in subsection (a)(1)(E) (before its expiration) or
	4718	+	14 subsection (a)(1)(F). Each petition must be filed with the county
	4719	+	15 voter registration office not more than thirty (30) days after
	4720	+	16 publication under subdivision (2) of the notice of the preliminary
	4721	+	17 determination.
	4722	+	18 (8) This subdivision does not apply to a controlled project
	4723	+	19 described in subsection (a)(1)(E) (before its expiration) or
	4724	+	20 subsection (a)(1)(F). The county voter registration office shall
	4725	+	21 determine whether each person who signed the petition is a
	4726	+	22 registered voter. However, after the county voter registration
	4727	+	23 office has determined that at least five hundred twenty-five (525)
	4728	+	24 persons who signed the petition are registered voters within the
	4729	+	25 political subdivision, the county voter registration office is not
	4730	+	26 required to verify whether the remaining persons who signed the
	4731	+	27 petition are registered voters. If the county voter registration
	4732	+	28 office does not determine that at least five hundred twenty-five
	4733	+	29 (525) persons who signed the petition are registered voters, the
	4734	+	30 county voter registration office, not more than fifteen (15)
	4735	+	31 business days after receiving a petition, shall forward a copy of
	4736	+	32 the petition to the county auditor. Not more than ten (10) business
	4737	+	33 days after receiving the copy of the petition, the county auditor
	4738	+	34 shall provide to the county voter registration office a statement
	4739	+	35 verifying:
	4740	+	36 (A) whether a person who signed the petition as a registered
	4741	+	37 voter but is not a registered voter, as determined by the county
	4742	+	38 voter registration office, is the owner of property in the
	4743	+	39 political subdivision; and
	4744	+	40 (B) whether a person who signed the petition as an owner of
	4745	+	41 property within the political subdivision does in fact own
	4746	+	42 property within the political subdivision.
	4747	+	ES 1—LS 7244/DI 120 108
	4748	+	1 (9) This subdivision does not apply to a controlled project
	4749	+	2 described in subsection (a)(1)(E) (before its expiration) or
	4750	+	3 subsection (a)(1)(F). The county voter registration office, not
	4751	+	4 more than ten (10) business days after determining that at least
	4752	+	5 five hundred twenty-five (525) persons who signed the petition
	4753	+	6 are registered voters or after receiving the statement from the
	4754	+	7 county auditor under subdivision (8), as applicable, shall make
	4755	+	8 the final determination of whether a sufficient number of persons
	4756	+	9 have signed the petition. Whenever the name of an individual who
	4757	+	10 signs a petition form as a registered voter contains a minor
	4758	+	11 variation from the name of the registered voter as set forth in the
	4759	+	12 records of the county voter registration office, the signature is
	4760	+	13 presumed to be valid, and there is a presumption that the
	4761	+	14 individual is entitled to sign the petition under this section. Except
	4762	+	15 as otherwise provided in this chapter, in determining whether an
	4763	+	16 individual is a registered voter, the county voter registration office
	4764	+	17 shall apply the requirements and procedures used under IC 3 to
	4765	+	18 determine whether a person is a registered voter for purposes of
	4766	+	19 voting in an election governed by IC 3. However, an individual is
	4767	+	20 not required to comply with the provisions concerning providing
	4768	+	21 proof of identification to be considered a registered voter for
	4769	+	22 purposes of this chapter. A person is entitled to sign a petition
	4770	+	23 only one (1) time in a particular referendum process under this
	4771	+	24 chapter, regardless of whether the person owns more than one (1)
	4772	+	25 parcel of real property, mobile home assessed as personal
	4773	+	26 property, or manufactured home assessed as personal property or
	4774	+	27 a combination of those types of property within the political
	4775	+	28 subdivision and regardless of whether the person is both a
	4776	+	29 registered voter in the political subdivision and the owner of
	4777	+	30 property within the political subdivision. Notwithstanding any
	4778	+	31 other provision of this section, if a petition is presented to the
	4779	+	32 county voter registration office within forty-five (45) days before
	4780	+	33 an election, the county voter registration office may defer acting
	4781	+	34 on the petition, and the time requirements under this section for
	4782	+	35 action by the county voter registration office do not begin to run
	4783	+	36 until five (5) days after the date of the election.
	4784	+	37 (10) This subdivision does not apply to a controlled project
	4785	+	38 described in subsection (a)(1)(E) (before its expiration) or
	4786	+	39 subsection (a)(1)(F). The county voter registration office must
	4787	+	40 file a certificate and each petition with:
	4788	+	41 (A) the township trustee, if the political subdivision is a
	4789	+	42 township, who shall present the petition or petitions to the
	4790	+	ES 1—LS 7244/DI 120 109
	4791	+	1 township board; or
	4792	+	2 (B) the body that has the authority to authorize the issuance of
	4793	+	3 the bonds or the execution of a lease, if the political
	4794	+	4 subdivision is not a township;
	4795	+	5 within thirty-five (35) business days of the filing of the petition
	4796	+	6 requesting the referendum process. The certificate must state the
	4797	+	7 number of petitioners who are owners of property within the
	4798	+	8 political subdivision and the number of petitioners who are
	4799	+	9 registered voters residing within the political subdivision.
	4800	+	10 (11) This subdivision does not apply to a controlled project
	4801	+	11 described in subsection (a)(1)(E) (before its expiration) or
	4802	+	12 subsection (a)(1)(F). If a sufficient petition requesting the local
	4803	+	13 public question process is not filed by owners of property or
	4804	+	14 registered voters as set forth in this section, the political
	4805	+	15 subdivision may issue bonds or enter into a lease by following the
	4806	+	16 provisions of law relating to the bonds to be issued or lease to be
	4807	+	17 entered into.
	4808	+	18 (c) If the proper officers of a political subdivision make a
	4809	+	19 preliminary determination to issue bonds or enter into a lease, the
	4810	+	20 officers shall provide to the county auditor:
	4811	+	21 (1) a copy of the notice required by subsection (b)(2); and
	4812	+	22 (2) any other information the county auditor requires to fulfill the
	4813	+	23 county auditor's duties under section 3.6 of this chapter.
	4814	+	24 (d) In addition to the procedures in subsection (b), if any capital
	4815	+	25 improvement components addressed in the most recent:
	4816	+	26 (1) threat assessment of the buildings within the school
	4817	+	27 corporation; or
	4818	+	28 (2) school safety plan (as described in IC 20-26-18.2-2(b));
	4819	+	29 concerning a particular school have not been completed or require
	4820	+	30 additional funding to be completed, before the school corporation may
	4821	+	31 impose property taxes to pay debt service on bonds or lease rentals for
	4822	+	32 a lease for a controlled project, and in addition to any other components
	4823	+	33 of the controlled project, the controlled project must include any capital
	4824	+	34 improvements necessary to complete those components described in
	4825	+	35 subdivisions (1) and (2) that have not been completed or that require
	4826	+	36 additional funding to be completed.
	4827	+	37 (e) In addition to the other procedures in this section, an ordinance
	4828	+	38 or resolution making a preliminary determination to issue bonds or
	4829	+	39 enter into leases that is considered for adoption must include a
	4830	+	40 statement of:
	4831	+	41 (1) the maximum annual debt service for the controlled project for
	4832	+	42 each year in which the debt service will be paid; and
	4833	+	ES 1—LS 7244/DI 120 110
	4834	+	1 (2) the schedule of the estimated annual tax levy and rate over a
	4835	+	2 ten (10) year period;
	4836	+	3 factoring in changes that will occur to the debt service levy and tax rate
	4837	+	4 during the period on account of any outstanding bonds or lease
	4838	+	5 obligations that will mature or terminate during the period.
	4839	+	6 SECTION 68. IC 6-1.1-20-3.6, AS AMENDED BY P.L.136-2024,
	4840	+	7 SECTION 25, AND AS AMENDED BY P.L.156-2024, SECTION 17,
	4841	+	8 AND AS AMENDED BY THE TECHNICAL CORRECTIONS BILL
	4842	+	9 OF THE 2025 GENERAL ASSEMBLY, IS CORRECTED AND
	4843	+	10 AMENDED TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2025]:
	4844	+	11 Sec. 3.6. (a) Except as provided in sections 3.7 and 3.8 of this chapter,
	4845	+	12 this section applies only to a controlled project described in section
	4846	+	13 3.5(a) of this chapter.
	4847	+	14 (b) In the case of a controlled project:
	4848	+	15 (1) described in section 3.5(a)(1)(A) through 3.5(a)(1)(C) of this
	4849	+	16 chapter, if a sufficient petition requesting the application of the
	4850	+	17 local public question process has been filed as set forth in section
	4851	+	18 3.5 of this chapter; or
	4852	+	19 (2) described in section 3.5(a)(1)(D) 3.5(a)(1)(E) (before its
	4853	+	20 expiration) or 3.5(a)(1)(F) of this chapter; (before its expiration);
	4854	+	21 a political subdivision may not impose property taxes to pay debt
	4855	+	22 service on bonds or lease rentals on a lease for a controlled project
	4856	+	23 unless the political subdivision's proposed debt service or lease rental
	4857	+	24 is approved in an election on a local public question held under this
	4858	+	25 section.
	4859	+	26 (c) Except as provided in subsection (k), the following question
	4860	+	27 shall be submitted to the eligible voters at the election conducted under
	4861	+	28 this section:
	4862	+	29 "Shall ________ (insert the name of the political subdivision)
	4863	+	30 increase property taxes paid to the _______ (insert the type of
	4864	+	31 taxing unit) by homeowners and businesses? If this public
	4865	+	32 question is approved by the voters, the average property tax paid
	4866	+	33 to the _______ (insert the type of taxing unit) per year on a
	4867	+	34 residence would increase by ______% (insert the estimated
	4868	+	35 average percentage of property tax increase paid to the political
	4869	+	36 subdivision on a residence within the political subdivision as
	4870	+	37 determined under subsection (n)) and the average property tax
	4871	+	38 paid to the _____ (insert the type of taxing unit) per year on a
	4872	+	39 business property would increase by ______% (insert the
	4873	+	40 estimated average percentage of property tax increase paid to the
	4874	+	41 political subdivision on a business property within the political
	4875	+	42 subdivision as determined under subsection (o)). The political
	4876	+	ES 1—LS 7244/DI 120 111
	4877	+	1 subdivision may issue bonds or enter into a lease to ________
	4878	+	2 (insert a brief description of the controlled project), which is
	4879	+	3 estimated to cost _______ (insert the total cost of the project)
	4880	+	4 over ______ (insert number of years to bond maturity or
	4881	+	5 termination of lease) years. The most recent property tax
	4882	+	6 referendum within the boundaries of the political subdivision for
	4883	+	7 which this public question is being considered was proposed by
	4884	+	8 ________ (insert name of political subdivision) in ______ (insert
	4885	+	9 year of most recent property tax referendum) and ________
	4886	+	10 (insert whether the measure passed or failed).".
	4887	+	11 "Shall ________ (insert the name of the political subdivision)
	4888	+	12 increase property taxes paid to the _______ (insert the type of
	4889	+	13 political subdivision) for no more than ______ (insert the
	4890	+	14 number of years immediately following the holding of the
	4891	+	15 referendum) years for the purpose of funding _______ (insert
	4892	+	16 a brief description of the project use or purpose) for which the
	4893	+	17 principal debt amount for the project will cost no more than
	4894	+	18 ______ (insert the total cost of the project principal amount)
	4895	+	19 and the financing cost including interest and fees will cost no
	4896	+	20 more than an additional ______ (insert the total financing
	4897	+	21 costs including interest and fees) and is estimated to increase
	4898	+	22 the property taxes paid to the ______ (insert the type of
	4899	+	23 political subdivision) by imposing a property tax rate that
	4900	+	24 results in a maximum annual amount that does not exceed
	4901	+	25 ______ (insert maximum amount of annual levy). If this
	4902	+	26 capital referendum public question is approved by the voters,
	4903	+	27 for a median residence of ______ (insert the political
	4904	+	28 subdivision's median household assessed value, rounded up to
	4905	+	29 the next fifty thousand dollars ($50,000)), the property's
	4906	+	30 annual property tax bill would increase by ______ (insert
	4907	+	31 dollar amount, rounded up to the next whole dollar) per
	4908	+	32 year.".
	4909	+	33 The public question must appear on the ballot in the form approved by
	4910	+	34 the county election board. If the political subdivision proposing to issue
	4911	+	35 bonds or enter into a lease is located in more than one (1) county, the
	4912	+	36 county election board of each county shall jointly approve the form of
	4913	+	37 the public question that will appear on the ballot in each county. The
	4914	+	38 form approved by the county election board may differ from the
	4915	+	39 language certified to the county election board by the county auditor.
	4916	+	40 If the county election board approves the language of a public question
	4917	+	41 under this subsection, the county election board shall submit the
	4918	+	42 language and the certification of the county auditor described in
	4919	+	ES 1—LS 7244/DI 120 112
	4920	+	1 subsection (p) to the department of local government finance for
	4921	+	2 review.
	4922	+	3 (d) The department of local government finance shall review the
	4923	+	4 language of the public question to evaluate whether the description of
	4924	+	5 the controlled project is accurate and is not biased against either a vote
	4925	+	6 in favor of the controlled project or a vote against the controlled
	4926	+	7 project. The department of local government finance shall post the
	4927	+	8 estimated average percentage of property tax increases to be paid to a
	4928	+	9 political subdivision on a residence and business property that are
	4929	+	10 certified by the county auditor under subsection (p) on the department's
	4930	+	11 Internet web site. website. The department of local government finance
	4931	+	12 may either approve the ballot language as submitted or recommend that
	4932	+	13 the ballot language be modified as necessary to ensure that the
	4933	+	14 description of the controlled project is accurate and is not biased. The
	4934	+	15 department of local government finance shall certify its approval or
	4935	+	16 recommendations to the county auditor and the county election board
	4936	+	17 not more than ten (10) days after both the certification of the county
	4937	+	18 auditor described in subsection (p) and the language of the public
	4938	+	19 question is are submitted to the department for review. If the
	4939	+	20 department of local government finance recommends a modification to
	4940	+	21 the ballot language, the county election board shall, after reviewing the
	4941	+	22 recommendations of the department of local government finance,
	4942	+	23 submit modified ballot language to the department for the department's
	4943	+	24 approval or recommendation of any additional modifications. The
	4944	+	25 public question may not be certified by the county auditor under
	4945	+	26 subsection (e) unless the department of local government finance has
	4946	+	27 first certified the department's final approval of the ballot language for
	4947	+	28 the public question.
	4948	+	29 (e) The county auditor shall certify the finally approved public
	4949	+	30 question under IC 3-10-9-3 to the county election board of each county
	4950	+	31 in which the political subdivision is located. The certification must
	4951	+	32 occur not later than noon August 1.
	4952	+	33 (1) seventy-four (74) days before a primary election if the public
	4953	+	34 question is to be placed on the primary or municipal primary
	4954	+	35 election ballot; or
	4955	+	36 (2) August 1 if the public question is to be placed on the general
	4956	+	37 or municipal election ballot.
	4957	+	38 Subject to the certification requirements and deadlines under this
	4958	+	39 subsection and except as provided in subsection (j), the public question
	4959	+	40 shall be placed on the ballot at the next primary election, general
	4960	+	41 election. or municipal election in which all voters of the political
	4961	+	42 subdivision are entitled to vote. However, if a primary election, general
	4962	+	ES 1—LS 7244/DI 120 113
	4963	+	1 election, or municipal election will not be held during the first year in
	4964	+	2 which the public question is eligible to be placed on the ballot under
	4965	+	3 this section and if the political subdivision requests the public question
	4966	+	4 to be placed on the ballot at a special election, the public question shall
	4967	+	5 be placed on the ballot at a special election to be held on the first
	4968	+	6 Tuesday after the first Monday in May or November of the year. The
	4969	+	7 certification must occur not later than noon seventy-four (74) days
	4970	+	8 before a special election to be held in May (if the special election is to
	4971	+	9 be held in May) or noon on August 1 (if the special election is to be
	4972	+	10 held in November). The fiscal body of the political subdivision that
	4973	+	11 requests the special election shall pay the costs of holding the special
	4974	+	12 election. The county election board shall give notice under IC 5-3-1 of
	4975	+	13 a special election conducted under this subsection. A special election
	4976	+	14 conducted under this subsection is under the direction of the county
	4977	+	15 election board. The county election board shall take all steps necessary
	4978	+	16 to carry out the special election.
	4979	+	17 (f) The circuit court clerk shall certify the results of the public
	4980	+	18 question to the following:
	4981	+	19 (1) The county auditor of each county in which the political
	4982	+	20 subdivision is located.
	4983	+	21 (2) The department of local government finance.
	4984	+	22 (g) Subject to the requirements of IC 6-1.1-18.5-8, the political
	4985	+	23 subdivision may issue the proposed bonds or enter into the proposed
	4986	+	24 lease rental if a majority of the eligible voters voting on the public
	4987	+	25 question vote in favor of the public question.
	4988	+	26 (h) If a majority of the eligible voters voting on the public question
	4989	+	27 vote in opposition to the public question, both of the following apply:
	4990	+	28 (1) The political subdivision may not issue the proposed bonds or
	4991	+	29 enter into the proposed lease rental.
	4992	+	30 (2) Another public question under this section on the same or a
	4993	+	31 substantially similar project may not be submitted to the voters
	4994	+	32 earlier than:
	4995	+	33 (A) except as provided in clause (B), seven hundred (700)
	4996	+	34 days after the date of the public question; or
	4997	+	35 (B) three hundred fifty (350) days after the date of the election,
	4998	+	36 if a petition that meets the requirements of subsection (m) is
	4999	+	37 submitted to the county auditor.
	5000	+	38 (i) IC 3, to the extent not inconsistent with this section, applies to an
	5001	+	39 election held under this section.
	5002	+	40 (j) A political subdivision may not divide a controlled project in
	5003	+	41 order to avoid the requirements of this section and section 3.5 of this
	5004	+	42 chapter. A person that owns property within a political subdivision or
	5005	+	ES 1—LS 7244/DI 120 114
	5006	+	1 a person that is a registered voter residing within a political subdivision
	5007	+	2 may file a petition with the department of local government finance
	5008	+	3 objecting that the political subdivision has divided a controlled project
	5009	+	4 into two (2) or more capital projects in order to avoid the requirements
	5010	+	5 of this section and section 3.5 of this chapter. The petition must be filed
	5011	+	6 not more than ten (10) days after the political subdivision gives notice
	5012	+	7 of the political subdivision's decision under section 3.5 of this chapter
	5013	+	8 or a determination under section 5 of this chapter to issue bonds or
	5014	+	9 enter into leases for a capital project that the person believes is the
	5015	+	10 result of a division of a controlled project that is prohibited by this
	5016	+	11 subsection. If the department of local government finance receives a
	5017	+	12 petition under this subsection, the department shall not later than thirty
	5018	+	13 (30) days after receiving the petition make a final determination on the
	5019	+	14 issue of whether the political subdivision divided a controlled project
	5020	+	15 in order to avoid the requirements of this section and section 3.5 of this
	5021	+	16 chapter. If the department of local government finance determines that
	5022	+	17 a political subdivision divided a controlled project in order to avoid the
	5023	+	18 requirements of this section and section 3.5 of this chapter and the
	5024	+	19 political subdivision continues to desire to proceed with the project, the
	5025	+	20 political subdivision may appeal the determination of the department
	5026	+	21 of local government finance to the Indiana board of tax review. A
	5027	+	22 political subdivision shall be considered to have divided a capital
	5028	+	23 project in order to avoid the requirements of this section and section
	5029	+	24 3.5 of this chapter if the result of one (1) or more of the subprojects
	5030	+	25 cannot reasonably be considered an independently desirable end in
	5031	+	26 itself without reference to another capital project. This subsection does
	5032	+	27 not prohibit a political subdivision from undertaking a series of capital
	5033	+	28 projects in which the result of each capital project can reasonably be
	5034	+	29 considered an independently desirable end in itself without reference
	5035	+	30 to another capital project.
	5036	+	31 (k) This subsection applies to a political subdivision for which a
	5037	+	32 petition requesting a public question has been submitted under section
	5038	+	33 3.5 of this chapter. The legislative body (as defined in IC 36-1-2-9) of
	5039	+	34 the political subdivision may adopt a resolution to withdraw a
	5040	+	35 controlled project from consideration in a public question. If the
	5041	+	36 legislative body provides a certified copy of the resolution to the county
	5042	+	37 auditor and the county election board not later than sixty-three (63)
	5043	+	38 days before the election at which the public question would be on the
	5044	+	39 ballot, the public question on the controlled project shall not be placed
	5045	+	40 on the ballot and the public question on the controlled project shall not
	5046	+	41 be held, regardless of whether the county auditor has certified the
	5047	+	42 public question to the county election board. If the withdrawal of a
	5048	+	ES 1—LS 7244/DI 120 115
	5049	+	1 public question under this subsection requires the county election
	5050	+	2 board to reprint ballots, the political subdivision withdrawing the
	5051	+	3 public question shall pay the costs of reprinting the ballots. If a political
	5052	+	4 subdivision withdraws a public question under this subsection that
	5053	+	5 would have been held at a special election and the county election
	5054	+	6 board has printed the ballots before the legislative body of the political
	5055	+	7 subdivision provides a certified copy of the withdrawal resolution to
	5056	+	8 the county auditor and the county election board, the political
	5057	+	9 subdivision withdrawing the public question shall pay the costs
	5058	+	10 incurred by the county in printing the ballots. If a public question on a
	5059	+	11 controlled project is withdrawn under this subsection, a public question
	5060	+	12 under this section on the same controlled project or a substantially
	5061	+	13 similar controlled project may not be submitted to the voters earlier
	5062	+	14 than three hundred fifty (350) days after the date the resolution
	5063	+	15 withdrawing the public question is adopted.
	5064	+	16 (l) If a public question regarding a controlled project is placed on
	5065	+	17 the ballot to be voted on at an election under this section, the political
	5066	+	18 subdivision shall submit to the department of local government finance,
	5067	+	19 at least thirty (30) days before the election, the following information
	5068	+	20 regarding the proposed controlled project for posting on the
	5069	+	21 department's Internet web site: website:
	5070	+	22 (1) The cost per square foot of any buildings being constructed as
	5071	+	23 part of the controlled project.
	5072	+	24 (2) The effect that approval of the controlled project would have
	5073	+	25 on the political subdivision's property tax rate.
	5074	+	26 (3) The maximum term of the bonds or lease.
	5075	+	27 (4) The maximum principal amount of the bonds or the maximum
	5076	+	28 lease rental for the lease.
	5077	+	29 (5) The estimated interest rates that will be paid and the total
	5078	+	30 interest costs associated with the bonds or lease.
	5079	+	31 (6) The purpose of the bonds or lease.
	5080	+	32 (7) In the case of a controlled project proposed by a school
	5081	+	33 corporation:
	5082	+	34 (A) the current and proposed square footage of school building
	5083	+	35 space per student;
	5084	+	36 (B) enrollment patterns within the school corporation; and
	5085	+	37 (C) the age and condition of the current school facilities.
	5086	+	38 (m) If a majority of the eligible voters voting on the public question
	5087	+	39 vote in opposition to the public question, a petition may be submitted
	5088	+	40 to the county auditor to request that the limit under subsection
	5089	+	41 (h)(2)(B) apply to the holding of a subsequent public question by the
	5090	+	42 political subdivision. If such a petition is submitted to the county
	5091	+	ES 1—LS 7244/DI 120 116
	5092	+	1 auditor and is signed by the lesser of:
	5093	+	2 (1) five hundred (500) persons who are either owners of property
	5094	+	3 within the political subdivision or registered voters residing
	5095	+	4 within the political subdivision; or
	5096	+	5 (2) five percent (5%) of the registered voters residing within the
	5097	+	6 political subdivision;
	5098	+	7 the limit under subsection (h)(2)(B) applies to the holding of a second
	5099	+	8 public question by the political subdivision and the limit under
	5100	+	9 subsection (h)(2)(A) does not apply to the holding of a second public
	5101	+	10 question by the political subdivision.
	5102	+	11 (n) At the request of a political subdivision that proposes to impose
	5103	+	12 property taxes to pay debt service on bonds or lease rentals on a lease
	5104	+	13 for a controlled project, the county auditor of a county in which the
	5105	+	14 political subdivision is located shall determine the estimated average
	5106	+	15 percentage of property tax increase on a homestead to be paid to the
	5107	+	16 political subdivision that must be included in the public question under
	5108	+	17 subsection (c) as follows:
	5109	+	18 STEP ONE: Determine the average assessed value of a homestead
	5110	+	19 located within the political subdivision.
	5111	+	20 STEP TWO: For purposes of determining the net assessed value
	5112	+	21 of the average homestead located within the political subdivision,
	5113	+	22 subtract:
	5114	+	23 (A) an amount for the homestead standard deduction under
	5115	+	24 IC 6-1.1-12-37 as if the homestead described in STEP ONE
	5116	+	25 was eligible for the deduction; and
	5117	+	26 (B) an amount for the supplemental homestead deduction
	5118	+	27 under IC 6-1.1-12-37.5 as if the homestead described in STEP
	5119	+	28 ONE was eligible for the deduction;
	5120	+	29 from the result of STEP ONE.
	5121	+	30 STEP THREE: Divide the result of STEP TWO by one hundred
	5122	+	31 (100).
	5123	+	32 STEP FOUR: Determine the overall average tax rate per one
	5124	+	33 hundred dollars ($100) of assessed valuation for the current year
	5125	+	34 imposed on property located within the political subdivision.
	5126	+	35 STEP FIVE: For purposes of determining net property tax liability
	5127	+	36 of the average homestead located within the political subdivision:
	5128	+	37 (A) multiply the result of STEP THREE by the result of STEP
	5129	+	38 FOUR; and
	5130	+	39 (B) as appropriate, apply any currently applicable county
	5131	+	40 property tax credit rates and the credit for excessive property
	5132	+	41 taxes under IC 6-1.1-20.6-7.5(a)(1).
	5133	+	42 STEP SIX: Determine the amount of the political subdivision's
	5134	+	ES 1—LS 7244/DI 120 117
	5135	+	1 part of the result determined in STEP FIVE.
	5136	+	2 STEP SEVEN: Determine the estimated tax rate that will be
	5137	+	3 imposed if the public question is approved by the voters.
	5138	+	4 STEP EIGHT: Multiply the result of STEP SEVEN by the result
	5139	+	5 of STEP THREE.
	5140	+	6 STEP NINE: Divide the result of STEP EIGHT by the result of
	5141	+	7 STEP SIX, expressed as a percentage.
	5142	+	8 (o) At the request of a political subdivision that proposes to impose
	5143	+	9 property taxes to pay debt service on bonds or lease rentals on a lease
	5144	+	10 for a controlled project, the county auditor of a county in which the
	5145	+	11 political subdivision is located shall determine the estimated average
	5146	+	12 percentage of property tax increase on a business property to be paid
	5147	+	13 to the political subdivision that must be included in the public question
	5148	+	14 under subsection (c) as follows:
	5149	+	15 STEP ONE: Determine the average assessed value of business
	5150	+	16 property located within the political subdivision.
	5151	+	17 STEP TWO: Divide the result of STEP ONE by one hundred
	5152	+	18 (100).
	5153	+	19 STEP THREE: Determine the overall average tax rate per one
	5154	+	20 hundred dollars ($100) of assessed valuation for the current year
	5155	+	21 imposed on property located within the political subdivision.
	5156	+	22 STEP FOUR: For purposes of determining net property tax
	5157	+	23 liability of the average business property located within the
	5158	+	24 political subdivision:
	5159	+	25 (A) multiply the result of STEP TWO by the result of STEP
	5160	+	26 THREE; and
	5161	+	27 (B) as appropriate, apply any currently applicable county
	5162	+	28 property tax credit rates and the credit for excessive property
	5163	+	29 taxes under IC 6-1.1-20.6-7.5 as if the applicable percentage
	5164	+	30 was three percent (3%).
	5165	+	31 STEP FIVE: Determine the amount of the political subdivision's
	5166	+	32 part of the result determined in STEP FOUR.
	5167	+	33 STEP SIX: Determine the estimated tax rate that will be imposed
	5168	+	34 if the public question is approved by the voters.
	5169	+	35 STEP SEVEN: Multiply the result of STEP TWO by the result of
	5170	+	36 STEP SIX.
	5171	+	37 STEP EIGHT: Divide the result of STEP SEVEN by the result of
	5172	+	38 STEP FIVE, expressed as a percentage.
	5173	+	39 (p) The county auditor shall certify the estimated average
	5174	+	40 percentage of property tax increase on a homestead to be paid to the
	5175	+	41 political subdivision determined under subsection (n), and the
	5176	+	42 estimated average percentage of property tax increase on a business
	5177	+	ES 1—LS 7244/DI 120 118
	5178	+	1 property to be paid to the political subdivision determined under
	5179	+	2 subsection (o), in a manner prescribed by the department of local
	5180	+	3 government finance, and provide the certification to the political
	5181	+	4 subdivision that proposes to impose property taxes. The political
	5182	+	5 subdivision shall provide the certification to the county election board
	5183	+	6 and include the estimated average percentages in the language of the
	5184	+	7 public question at the time the language of the public question is
	5185	+	8 submitted to the county election board for approval as described in
	5186	+	9 subsection (c).
	5187	+	10 SECTION 69. IC 6-1.1-20-4.1 IS ADDED TO THE INDIANA
	5188	+	11 CODE AS A NEW SECTION TO READ AS FOLLOWS
	5189	+	12 [EFFECTIVE JULY 1, 2025]: Sec. 4.1. This section applies to all
	5190	+	13 school corporations. During the calendar year immediately
	5191	+	14 succeeding the final calendar year in which a school corporation's
	5192	+	15 previously approved controlled project referendum tax levy is
	5193	+	16 imposed under this chapter, the school corporation may not adopt
	5194	+	17 a resolution under section 3.5 of this chapter making a preliminary
	5195	+	18 determination to issue bonds or enter into a lease or adopt a
	5196	+	19 resolution to extend a referendum tax levy under this chapter.
	5197	+	20 SECTION 70. IC 6-1.1-20-4.3, AS ADDED BY P.L.136-2024,
	5198	+	21 SECTION 27, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	5199	+	22 JULY 1, 2025]: Sec. 4.3. (a) This section applies only if, with respect
	5200	+	23 to a particular controlled project that fulfilled the referendum process
	5201	+	24 under sections 3.5 and 3.6 of this chapter, the political subdivision
	5202	+	25 subsequently changes the scope of the controlled project beyond that
	5203	+	26 initially presented.
	5204	+	27 (b) Notwithstanding any other provision in this chapter, if at least
	5205	+	28 ten (10) persons who are either owners of property within the political
	5206	+	29 subdivision or registered voters residing within the political
	5207	+	30 subdivision file a petition with the proper officers of the political
	5208	+	31 subdivision contending that the scope of a controlled project has
	5209	+	32 changed from how it was initially presented, the proper officers of the
	5210	+	33 political subdivision shall hold a public hearing to determine whether
	5211	+	34 any change in scope is significant enough to warrant a new referendum
	5212	+	35 process. A petition under this subsection must be filed not later than
	5213	+	36 one (1) year after the controlled project received final approval.
	5214	+	37 (c) Notwithstanding any other provision in this chapter, if it is
	5215	+	38 determined at the hearing described in subsection (b) that the political
	5216	+	39 subdivision has subsequently changed the scope of a controlled project
	5217	+	40 beyond that initially presented as described in subsection (a), the
	5218	+	41 following procedures apply:
	5219	+	42 (1) A petition requesting the application of the local public
	5220	+	ES 1—LS 7244/DI 120 119
	5221	+	1 question process under this section may be filed using, and in
	5222	+	2 compliance with, the provisions that initially applied to the
	5223	+	3 particular controlled project under section 3.5 of this chapter. For
	5224	+	4 purposes of this subdivision, the relevant provisions in section 3.5
	5225	+	5 of this chapter shall be construed in a manner consistent with this
	5226	+	6 section.
	5227	+	7 (2) If a sufficient petition requesting the application of the local
	5228	+	8 public question process for purposes of this section has been filed
	5229	+	9 under subdivision (1), the following question shall be submitted
	5230	+	10 to the eligible voters at the election conducted under this section:
	5231	+	11 "On ______ (insert date) the voters approved a public question to
	5232	+	12 increase property taxes paid to the _______ (insert the type of
	5233	+	13 taxing unit) by homeowners and businesses. The political
	5234	+	14 subdivision has determined that the scope of the project for which
	5235	+	15 the pubic question was placed on the ballot has changed beyond
	5236	+	16 that initially presented. To fund the increase in the scope of the
	5237	+	17 project, the average property tax paid to the _______ (insert the
	5238	+	18 type of taxing unit) per year on a residence is estimated to
	5239	+	19 increase by ______% (insert the estimated average percentage of
	5240	+	20 property tax increase paid to the political subdivision on a
	5241	+	21 residence within the political subdivision) and the average
	5242	+	22 property tax paid to the _____ (insert the type of taxing unit) per
	5243	+	23 year on a business property would increase by ______% (insert
	5244	+	24 the estimated average percentage of property tax increase paid to
	5245	+	25 the political subdivision on a business property within the
	5246	+	26 political subdivision). Shall ________ (insert the name of the
	5247	+	27 political subdivision) increase property taxes paid to the _______
	5248	+	28 (insert the type of taxing unit) by homeowners and businesses to
	5249	+	29 fund the increase in the scope of the project previously approved?
	5250	+	30 If this public question is approved by the voters, the average
	5251	+	31 property tax paid to the _______ (insert the type of taxing unit)
	5252	+	32 per year on a residence would increase by ______% (insert the
	5253	+	33 estimated average percentage of property tax increase paid to the
	5254	+	34 political subdivision on a residence within the political
	5255	+	35 subdivision) and the average property tax paid to the _____
	5256	+	36 (insert the type of taxing unit) per year on a business property
	5257	+	37 would increase by ______% (insert the estimated average
	5258	+	38 percentage of property tax increase paid to the political
	5259	+	39 subdivision on a business property within the political
	5260	+	40 subdivision).".
	5261	+	41 "Shall ________ (insert the name of the political subdivision)
	5262	+	42 increase property taxes paid to the _______ (insert the type of
	5263	+	ES 1—LS 7244/DI 120 120
	5264	+	1 political subdivision) for no more than ______ (insert the
	5265	+	2 number of years immediately following the holding of the
	5266	+	3 referendum) years for the purpose of funding _______ (insert
	5267	+	4 a brief description of the project use or purpose) for which the
	5268	+	5 principal debt amount for the project will cost no more than
	5269	+	6 ______ (insert the total cost of the project principal amount)
	5270	+	7 and the financing cost including interest and fees will cost no
	5271	+	8 more than an additional ______ (insert the total financing
	5272	+	9 costs including interest and fees) and is estimated to increase
	5273	+	10 the property taxes paid to the ______ (insert the type of
	5274	+	11 political subdivision) by imposing a property tax rate that
	5275	+	12 results in a maximum annual amount that does not exceed
	5276	+	13 ______ (insert maximum amount of annual levy). If this
	5277	+	14 capital referendum public question is approved by the voters,
	5278	+	15 for a median residence of ______ (insert the political
	5279	+	16 subdivision's median household assessed value, rounded up to
	5280	+	17 the next fifty thousand dollars ($50,000)), the property's
	5281	+	18 annual property tax bill would increase by ______ (insert
	5282	+	19 dollar amount, rounded up to the next whole dollar) per
	5283	+	20 year.".
	5284	+	21 (3) The public question must appear on the ballot in the form
	5285	+	22 approved by the county election board. If the political subdivision
	5286	+	23 in which the particular controlled project is located in more than
	5287	+	24 one (1) county, the county election board of each county shall
	5288	+	25 jointly approve the form of the public question that will appear on
	5289	+	26 the ballot in each county. The form approved by the county
	5290	+	27 election board may differ from the language certified to the
	5291	+	28 county election board by the county auditor. If the county election
	5292	+	29 board approves the language of a public question under this
	5293	+	30 subsection, the county election board shall submit the language to
	5294	+	31 the department of local government finance for review.
	5295	+	32 (4) The department of local government finance shall review the
	5296	+	33 language of the public question to evaluate whether the
	5297	+	34 description of the controlled project is accurate and is not biased
	5298	+	35 against either a vote in favor of the controlled project or a vote
	5299	+	36 against the controlled project. The department of local
	5300	+	37 government finance may either approve the ballot language as
	5301	+	38 submitted or recommend that the ballot language be modified as
	5302	+	39 necessary to ensure that the description of the controlled project
	5303	+	40 is accurate and is not biased. The department of local government
	5304	+	41 finance shall certify its approval or recommendations to the
	5305	+	42 county auditor and the county election board not more than ten
	5306	+	ES 1—LS 7244/DI 120 121
	5307	+	1 (10) days after the language of the public question is submitted to
	5308	+	2 the department for review. If the department of local government
	5309	+	3 finance recommends a modification to the ballot language, the
	5310	+	4 county election board shall, after reviewing the recommendations
	5311	+	5 of the department of local government finance, submit modified
	5312	+	6 ballot language to the department for the department's approval
	5313	+	7 or recommendation of any additional modifications. The public
	5314	+	8 question may not be certified by the county auditor under
	5315	+	9 subdivision (5) unless the department of local government finance
	5316	+	10 has first certified the department's final approval of the ballot
	5317	+	11 language for the public question.
	5318	+	12 (5) The county auditor shall certify the finally approved public
	5319	+	13 question under IC 3-10-9-3 to the county election board of each
	5320	+	14 county in which the political subdivision is located. The
	5321	+	15 certification must occur not later than noon August 1.
	5322	+	16 (A) seventy-four (74) days before a primary election if the
	5323	+	17 public question is to be placed on the primary or municipal
	5324	+	18 primary election ballot; or
	5325	+	19 (B) August 1 if the public question is to be placed on the
	5326	+	20 general or municipal election ballot.
	5327	+	21 (6) The public question shall be placed on the ballot at the next
	5328	+	22 primary election, general election or municipal election in which
	5329	+	23 all voters of the political subdivision are entitled to vote.
	5330	+	24 However, if a primary election, general election, or municipal
	5331	+	25 election will not be held during the first year in which the public
	5332	+	26 question is eligible to be placed on the ballot under this section
	5333	+	27 and if the political subdivision requests the public question to be
	5334	+	28 placed on the ballot at a special election, the public question shall
	5335	+	29 be placed on the ballot at a special election to be held on the first
	5336	+	30 Tuesday after the first Monday in May or November of the year.
	5337	+	31 The certification must occur not later than noon seventy-four (74)
	5338	+	32 days before a special election to be held in May (if the special
	5339	+	33 election is to be held in May) or noon on August 1 (if the special
	5340	+	34 election is to be held in November). The fiscal body of the
	5341	+	35 political subdivision that requests the special election shall pay
	5342	+	36 the costs of holding the special election. The county election
	5343	+	37 board shall give notice under IC 5-3-1 of a special election
	5344	+	38 conducted under this subsection. A special election conducted
	5345	+	39 under this subsection is under the direction of the county election
	5346	+	40 board. The county election board shall take all steps necessary to
	5347	+	41 carry out the special election.
	5348	+	42 (7) The circuit court clerk shall certify the results of the public
	5349	+	ES 1—LS 7244/DI 120 122
	5350	+	1 question to the following:
	5351	+	2 (A) The county auditor of each county in which the political
	5352	+	3 subdivision is located.
	5353	+	4 (B) The department of local government finance.
	5354	+	5 (8) IC 3, to the extent not inconsistent with this section, applies to
	5355	+	6 an election held under this section.
	5356	+	7 (9) If a majority of the eligible voters voting on the public
	5357	+	8 question vote in opposition to the public question, or if a petition
	5358	+	9 is not filed under subdivision (1), the political subdivision may
	5359	+	10 not proceed with the changed scope of the controlled project. In
	5360	+	11 that case, the political subdivision may either:
	5361	+	12 (A) proceed with the controlled project as it was initially
	5362	+	13 presented; or
	5363	+	14 (B) terminate the controlled project as it was initially
	5364	+	15 presented and initiate procedures for the controlled project that
	5365	+	16 reflects the change in scope.
	5366	+	17 (10) If a majority of the eligible voters voting on the public
	5367	+	18 question vote in favor of the public question, the political
	5368	+	19 subdivision may impose property taxes to fund the increase in the
	5369	+	20 scope of the controlled project previously approved.
	5370	+	21 SECTION 71. IC 6-1.1-20-4.5, AS AMENDED BY P.L.136-2024,
	5371	+	22 SECTION 28, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	5372	+	23 JULY 1, 2025]: Sec. 4.5. (a) As used in this section, "maintenance
	5373	+	24 emergency" refers to a response to a condition that is not otherwise
	5374	+	25 subject to the application of section 1.1(a)(6) of this chapter and
	5375	+	26 includes:
	5376	+	27 (1) repair of a boiler or chiller system;
	5377	+	28 (2) roof repair;
	5378	+	29 (3) storm damage repair; or
	5379	+	30 (4) any other repair that the department determines is a
	5380	+	31 maintenance emergency for which waiver of the application of
	5381	+	32 section 3.5(a)(1)(E) (before its expiration) or 3.5(a)(1)(F) of this
	5382	+	33 chapter (before its expiration) is warranted.
	5383	+	34 (b) A political subdivision may submit a request to the department
	5384	+	35 to waive the application of section 3.5(a)(1)(E) (before its expiration)
	5385	+	36 or 3.5(a)(1)(F) of this chapter, (before its expiration), if the proposed
	5386	+	37 controlled project of the political subdivision is to address a
	5387	+	38 maintenance emergency with respect to a building owned or leased by
	5388	+	39 the political subdivision.
	5389	+	40 (c) The department shall require the political subdivision to submit
	5390	+	41 any information that the department considers necessary to determine
	5391	+	42 whether the condition that the political subdivision contends is a
	5392	+	ES 1—LS 7244/DI 120 123
	5393	+	1 maintenance emergency.
	5394	+	2 (d) The department shall review a request and issue a determination
	5395	+	3 not later than forty-five (45) days after the department receives a
	5396	+	4 request under this section determining whether the condition that the
	5397	+	5 political subdivision contends is a maintenance emergency is sufficient
	5398	+	6 to waive the application of section 3.5(a)(1)(E) (before its expiration)
	5399	+	7 or 3.5(a)(1)(F) of this chapter. (before its expiration). If the department
	5400	+	8 determines that the condition is a maintenance emergency then section
	5401	+	9 3.5(a)(1)(E) (before its expiration) or 3.5(a)(1)(F) of this chapter
	5402	+	10 (before its expiration) is waived and does not apply to the proposed
	5403	+	11 controlled project.
	5404	+	12 (e) A waiver of the application of section 3.5(a)(1)(E) (before its
	5405	+	13 expiration) or 3.5(a)(1)(F) of this chapter (before its expiration) in
	5406	+	14 accordance with this section may not be construed as a waiver of any
	5407	+	15 other requirement of this chapter with respect to the proposed
	5408	+	16 controlled project.
	5409	+	17 (f) This section expires December 31, 2025.
	5410	+	18 SECTION 72. IC 6-1.1-20-4.6 IS ADDED TO THE INDIANA
	5411	+	19 CODE AS A NEW SECTION TO READ AS FOLLOWS
	5412	+	20 [EFFECTIVE JULY 1, 2025]: Sec. 4.6. Each year, the county
	5413	+	21 auditor, with cooperation from the department of local
	5414	+	22 government finance, shall determine the tax rate needed to raise
	5415	+	23 the maximum amount of the annual levy for the year as described
	5416	+	24 under sections 3.6 and 4.3 of this chapter, as applicable, and
	5417	+	25 determine all other information needed for the ballot language in
	5418	+	26 those sections.
	5419	+	27 SECTION 73. IC 6-1.1-20.6-3, AS AMENDED BY P.L.197-2016,
	5420	+	28 SECTION 17, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	5421	+	29 UPON PASSAGE]: Sec. 3. As used in this chapter, "property tax
	5422	+	30 liability" means, for purposes of:
	5423	+	31 (1) this chapter, other than section 7.7 or 8.5 of this chapter,
	5424	+	32 liability for the tax imposed on property under this article
	5425	+	33 determined after application of all credits and deductions under
	5426	+	34 this article or IC 6-3.6, except the credit under granted by
	5427	+	35 section 7 or 7.5 of this chapter, but does not include any interest
	5428	+	36 or penalty imposed under this article; and
	5429	+	37 (2) section 8.5 of this chapter, liability for the tax imposed on
	5430	+	38 property under this article determined after application of all
	5431	+	39 credits and deductions under this article or IC 6-3.6, including the
	5432	+	40 credit credits granted by section sections 7, or 7.5, and 7.7 of this
	5433	+	41 chapter, but not including the credit granted under section 8.5 of
	5434	+	42 this chapter or any interest or penalty imposed under this article;
	5435	+	ES 1—LS 7244/DI 120 124
	5436	+	1 and
	5437	+	2 (3) section 7.7 of this chapter, liability for the tax imposed on
	5438	+	3 property under this article determined after application of all
	5439	+	4 credits and deductions under this article or IC 6-3.6, including
	5440	+	5 the credit granted by section 7 or 7.5 of this chapter, but not
	5441	+	6 including the credits granted under section 7.7 or 8.5 of this
	5442	+	7 chapter or any interest or penalty imposed under this article.
	5443	+	8 SECTION 74. IC 6-1.1-20.6-7.7 IS ADDED TO THE INDIANA
	5444	+	9 CODE AS A NEW SECTION TO READ AS FOLLOWS
	5445	+	10 [EFFECTIVE UPON PASSAGE]: Sec. 7.7. (a) This section applies
	5446	+	11 for property taxes first due and payable in calendar years
	5447	+	12 beginning after December 31, 2025.
	5448	+	13 (b) A person who qualifies for a standard deduction from the
	5449	+	14 assessed value of the person's homestead under IC 6-1.1-12-37 (or
	5450	+	15 is married at the time of death to a deceased spouse who qualifies
	5451	+	16 for a standard deduction under IC 6-1.1-12-37 for the person's
	5452	+	17 homestead) is also entitled to receive a supplemental homestead
	5453	+	18 credit under this section against the person's property tax liability
	5454	+	19 on the same homestead to which the standard deduction applies.
	5455	+	20 (c) The amount of the credit is equal to the lesser of:
	5456	+	21 (1) the result of:
	5457	+	22 (A) the property tax liability first due and payable on the
	5458	+	23 homestead property for the calendar year; multiplied by
	5459	+	24 (B) one-tenth (0.1); or
	5460	+	25 (2) three hundred dollars ($300).
	5461	+	26 (d) Property taxes imposed after being approved by the voters
	5462	+	27 in a referendum or local public question shall not be considered for
	5463	+	28 purposes of calculating a person's credit under this section.
	5464	+	29 (e) A person is not required to file an application for the credit
	5465	+	30 under this section. The county auditor shall:
	5466	+	31 (1) identify the property in the county eligible for the credit
	5467	+	32 under this section; and
	5468	+	33 (2) apply the credit under this section to property tax liability
	5469	+	34 on the identified property.
	5470	+	35 SECTION 75. IC 6-1.1-20.6-8.5, AS AMENDED BY P.L.239-2023,
	5471	+	36 SECTION 12, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	5472	+	37 JANUARY 1, 2025 (RETROACTIVE)]: Sec. 8.5. (a) This section
	5473	+	38 applies to an individual who:
	5474	+	39 (1) qualified for a standard deduction granted under
	5475	+	40 IC 6-1.1-12-37 for the individual's homestead property in the
	5476	+	41 immediately preceding calendar year (or was married at the time
	5477	+	42 of death to a deceased spouse who qualified for a standard
	5478	+	ES 1—LS 7244/DI 120 125
	5479	+	1 deduction granted under IC 6-1.1-12-37 for the individual's
	5480	+	2 homestead property in the immediately preceding calendar year);
	5481	+	3 (2) qualifies for a standard deduction granted under
	5482	+	4 IC 6-1.1-12-37 for the same homestead property in the current
	5483	+	5 calendar year;
	5484	+	6 (3) is or will be at least sixty-five (65) years of age on or before
	5485	+	7 December 31 of the calendar year immediately preceding the
	5486	+	8 current calendar year; and
	5487	+	9 (4) had:
	5488	+	10 (A) in the case of an individual who filed a single return,
	5489	+	11 adjusted gross income (as defined in Section 62 of the Internal
	5490	+	12 Revenue Code) not exceeding thirty thousand dollars
	5491	+	13 ($30,000), sixty thousand dollars ($60,000), and beginning
	5492	+	14 for the January 1, 2023, assessment date, and each assessment
	5493	+	15 date thereafter, adjusted annually by an amount equal to the
	5494	+	16 percentage cost of living increase applied for Social Security
	5495	+	17 benefits for the immediately preceding calendar year; or
	5496	+	18 (B) in the case of an individual who filed a joint income tax
	5497	+	19 return with the individual's spouse, combined adjusted gross
	5498	+	20 income (as defined in Section 62 of the Internal Revenue
	5499	+	21 Code) not exceeding forty thousand dollars ($40,000), seventy
	5500	+	22 thousand dollars ($70,000), and beginning for the January 1,
	5501	+	23 2023, assessment date, and each assessment date thereafter,
	5502	+	24 adjusted annually by an amount equal to the percentage cost
	5503	+	25 of living increase applied for Social Security benefits for the
	5504	+	26 immediately preceding calendar year;
	5505	+	27 for the calendar year preceding by two (2) years the calendar year
	5506	+	28 in which property taxes are first due and payable.
	5507	+	29 For purposes of applying the annual cost of living increases described
	5508	+	30 in subdivision (4)(A) and (4)(B), the annual percentage increase is
	5509	+	31 applied to the adjusted amount of income from the immediately
	5510	+	32 preceding year.
	5511	+	33 (b) Except as provided in subsection (g), this section does not apply
	5512	+	34 if:
	5513	+	35 (1) for an individual who received a credit under this section
	5514	+	36 before January 1, 2020, the gross assessed value of the homestead
	5515	+	37 on the assessment date for which property taxes are imposed is at
	5516	+	38 least two hundred thousand dollars ($200,000);
	5517	+	39 (2) for an individual who initially applies for a credit under this
	5518	+	40 section after December 31, 2019, and before January 1, 2023, the
	5519	+	41 assessed value of the individual's Indiana real property is at least
	5520	+	42 two hundred thousand dollars ($200,000); or
	5521	+	ES 1—LS 7244/DI 120 126
	5522	+	1 (3) for an individual who initially applies for a credit under this
	5523	+	2 section after December 31, 2022, and before January 1, 2025,
	5524	+	3 the assessed value of the individual's Indiana real property is at
	5525	+	4 least two hundred forty thousand dollars ($240,000).
	5526	+	5 (c) An individual is entitled to an additional credit under this section
	5527	+	6 for property taxes first due and payable for a calendar year on a
	5528	+	7 homestead if:
	5529	+	8 (1) the individual and the homestead qualify for the credit under
	5530	+	9 subsection (a) for the calendar year;
	5531	+	10 (2) the homestead is not disqualified for the credit under
	5532	+	11 subsection (b) for the calendar year; and
	5533	+	12 (3) the filing requirements under subsection (e) are met.
	5534	+	13 (d) The amount of the credit is equal to the greater of zero (0) or the
	5535	+	14 result of:
	5536	+	15 (1) the property tax liability first due and payable on the
	5537	+	16 homestead property for the calendar year; minus
	5538	+	17 (2) the result of:
	5539	+	18 (A) the property tax liability first due and payable on the
	5540	+	19 qualified homestead property for the immediately preceding
	5541	+	20 year after the application of the credit granted under this
	5542	+	21 section for that year; multiplied by
	5543	+	22 (B) one and two hundredths (1.02).
	5544	+	23 However, property tax liability imposed on any improvements to or
	5545	+	24 expansion of the homestead property after the assessment date for
	5546	+	25 which property tax liability described in subdivision (2) was imposed
	5547	+	26 shall not be considered in determining the credit granted under this
	5548	+	27 section in the current calendar year.
	5549	+	28 (e) Applications for a credit under this section shall be filed in the
	5550	+	29 manner provided for an application for a deduction under IC 6-1.1-12-9
	5551	+	30 (before its expiration). However, an individual who remains eligible
	5552	+	31 for the credit in the following year is not required to file a statement to
	5553	+	32 apply for the credit in the following year. An individual who receives
	5554	+	33 a credit under this section in a particular year and who becomes
	5555	+	34 ineligible for the credit in the following year shall notify the auditor of
	5556	+	35 the county in which the homestead is located of the individual's
	5557	+	36 ineligibility not later than sixty (60) days after the individual becomes
	5558	+	37 ineligible.
	5559	+	38 (f) The auditor of each county shall, in a particular year, apply a
	5560	+	39 credit provided under this section to each individual who received the
	5561	+	40 credit in the preceding year unless the auditor determines that the
	5562	+	41 individual is no longer eligible for the credit.
	5563	+	42 (g) For purposes of determining the:
	5564	+	ES 1—LS 7244/DI 120 127
	5565	+	1 (1) assessed value of the homestead on the assessment date for
	5566	+	2 which property taxes are imposed under subsection (b)(1);
	5567	+	3 (2) assessed value of the individual's Indiana real property under
	5568	+	4 subsection (b)(2); or
	5569	+	5 (3) assessed value of the individual's Indiana real property under
	5570	+	6 subsection (b)(3);
	5571	+	7 for an individual who has received a credit under this section in a
	5572	+	8 previous year, increases in assessed value that occur after the later of
	5573	+	9 December 31, 2019, or the first year that the individual has received
	5574	+	10 the credit are not considered unless the increase in assessed value is
	5575	+	11 attributable to substantial renovation or new improvements. Where
	5576	+	12 there is an increase in assessed value for purposes of the credit under
	5577	+	13 this section, the assessor shall provide a report to the county auditor
	5578	+	14 describing the substantial renovation or new improvements, if any, that
	5579	+	15 were made to the property prior to the increase in assessed value.
	5580	+	16 SECTION 76. IC 6-1.1-22-8.1, AS AMENDED BY P.L.159-2020,
	5581	+	17 SECTION 44, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	5582	+	18 JULY 1, 2026]: Sec. 8.1. (a) The county treasurer shall:
	5583	+	19 (1) except as provided in subsection (h), mail to the last known
	5584	+	20 address of each person liable for any property taxes or special
	5585	+	21 assessment, as shown on the tax duplicate or special assessment
	5586	+	22 records, or to the last known address of the most recent owner
	5587	+	23 shown in the transfer book; and
	5588	+	24 (2) transmit by written, electronic, or other means to a mortgagee
	5589	+	25 maintaining an escrow account for a person who is liable for any
	5590	+	26 property taxes or special assessments, as shown on the tax
	5591	+	27 duplicate or special assessment records;
	5592	+	28 a statement in the form required under subsection (b).
	5593	+	29 (b) The department of local government finance shall prescribe a
	5594	+	30 form, subject to the approval of the state board of accounts, for the
	5595	+	31 statement under subsection (a) that includes at least the following:
	5596	+	32 (1) A statement of the taxpayer's current and delinquent taxes and
	5597	+	33 special assessments.
	5598	+	34 (2) A breakdown showing the total property tax and special
	5599	+	35 assessment liability and the amount of the taxpayer's liability that
	5600	+	36 will be distributed to each taxing unit in the county.
	5601	+	37 (3) An itemized listing for each property tax levy, including:
	5602	+	38 (A) the amount of the tax rate;
	5603	+	39 (B) the entity levying the tax owed; and
	5604	+	40 (C) the dollar amount of the tax owed.
	5605	+	41 (4) Information designed to show the manner in which the taxes
	5606	+	42 and special assessments billed in the tax statement are to be used.
	5607	+	ES 1—LS 7244/DI 120 128
	5608	+	1 (5) Information regarding how a taxpayer can obtain information
	5609	+	2 regarding the taxpayer's notice of assessment or reassessment
	5610	+	3 under IC 6-1.1-4-22.
	5611	+	4 (6) A comparison showing any change in the assessed valuation
	5612	+	5 for the property as compared to the previous year.
	5613	+	6 (7) A comparison showing any change in the property tax and
	5614	+	7 special assessment liability for the property as compared to the
	5615	+	8 previous year. The information required under this subdivision
	5616	+	9 must identify:
	5617	+	10 (A) the amount of the taxpayer's liability distributable to each
	5618	+	11 taxing unit in which the property is located in the current year
	5619	+	12 and in the previous year; and
	5620	+	13 (B) the percentage change, if any, in the amount of the
	5621	+	14 taxpayer's liability distributable to each taxing unit in which
	5622	+	15 the property is located from the previous year to the current
	5623	+	16 year.
	5624	+	17 (8) An explanation of the following:
	5625	+	18 (A) Homestead credits under IC 6-1.1-20.4, IC 6-3.6-5 (before
	5626	+	19 its expiration), or another law that are available in the taxing
	5627	+	20 district where the property is located.
	5628	+	21 (B) All property tax deductions that are available in the taxing
	5629	+	22 district where the property is located.
	5630	+	23 (C) The procedure and deadline for filing for any available
	5631	+	24 homestead credits under IC 6-1.1-20.4, IC 6-3.6-5 (before its
	5632	+	25 expiration), or another law and each deduction.
	5633	+	26 (D) The procedure that a taxpayer must follow to:
	5634	+	27 (i) appeal a current assessment; or
	5635	+	28 (ii) petition for the correction of an error related to the
	5636	+	29 taxpayer's property tax and special assessment liability.
	5637	+	30 (E) The forms that must be filed for an appeal or a petition
	5638	+	31 described in clause (D).
	5639	+	32 (F) The procedure and deadline that a taxpayer must follow
	5640	+	33 and the forms that must be used if a credit or deduction has
	5641	+	34 been granted for the property and the taxpayer is no longer
	5642	+	35 eligible for the credit or deduction.
	5643	+	36 (G) Notice that an appeal described in clause (D) requires
	5644	+	37 evidence relevant to the true tax value of the taxpayer's
	5645	+	38 property as of the assessment date that is the basis for the taxes
	5646	+	39 payable on that property.
	5647	+	40 The department of local government finance shall provide the
	5648	+	41 explanation required by this subdivision to each county treasurer.
	5649	+	42 (9) A checklist that shows:
	5650	+	ES 1—LS 7244/DI 120 129
	5651	+	1 (A) homestead credits under IC 6-1.1-20.4, IC 6-3.6-5 (before
	5652	+	2 its expiration), or another law and all property tax deductions;
	5653	+	3 and
	5654	+	4 (B) whether each homestead credit and property tax deduction
	5655	+	5 applies in the current statement for the property transmitted
	5656	+	6 under subsection (a).
	5657	+	7 (10) A remittance coupon indicating the payment amounts due at
	5658	+	8 each payment due date and other information determined by the
	5659	+	9 department of local government finance.
	5660	+	10 (c) The county treasurer shall mail or transmit the statement one (1)
	5661	+	11 time each year on or before April 15. Whenever a person's tax liability
	5662	+	12 for a year is due in one (1) installment under IC 6-1.1-7-7 or section 9
	5663	+	13 of this chapter, a statement that is mailed must include the date on
	5664	+	14 which the installment is due and denote the amount of money to be
	5665	+	15 paid for the installment. Whenever a person's tax liability is due in two
	5666	+	16 (2) installments, a statement that is mailed must contain the dates on
	5667	+	17 which the first and second installments are due and denote the amount
	5668	+	18 of money to be paid for each installment. If a statement is returned to
	5669	+	19 the county treasurer as undeliverable and the forwarding order is
	5670	+	20 expired, the county treasurer shall notify the county auditor of this fact.
	5671	+	21 Upon receipt of the county treasurer's notice, the county auditor may,
	5672	+	22 at the county auditor's discretion, treat the property as not being eligible
	5673	+	23 for any deductions under IC 6-1.1-12 or any homestead credits under
	5674	+	24 IC 6-1.1-20.4 and IC 6-3.6-5 (before its expiration).
	5675	+	25 (d) All payments of property taxes and special assessments shall be
	5676	+	26 made to the county treasurer. The county treasurer, when authorized by
	5677	+	27 the board of county commissioners, may open temporary offices for the
	5678	+	28 collection of taxes in cities and towns in the county other than the
	5679	+	29 county seat.
	5680	+	30 (e) The county treasurer, county auditor, and county assessor shall
	5681	+	31 cooperate to generate the information to be included in the statement
	5682	+	32 under subsection (b).
	5683	+	33 (f) The information to be included in the statement under subsection
	5684	+	34 (b) must be simply and clearly presented and understandable to the
	5685	+	35 average individual.
	5686	+	36 (g) After December 31, 2007, a reference in a law or rule to
	5687	+	37 IC 6-1.1-22-8 (expired January 1, 2008, and repealed) shall be treated
	5688	+	38 as a reference to this section.
	5689	+	39 (h) Transmission of statements and other information under this
	5690	+	40 subsection applies in a county only if the county legislative body adopts
	5691	+	41 an authorizing ordinance. Subject to subsection (i), in a county in
	5692	+	42 which an ordinance is adopted under this subsection for property taxes
	5693	+	ES 1—LS 7244/DI 120 130
	5694	+	1 and special assessments, a person may, in any manner permitted by
	5695	+	2 subsection (n), direct the county treasurer and county auditor to
	5696	+	3 transmit the following to the person by electronic mail:
	5697	+	4 (1) A statement that would otherwise be sent by the county
	5698	+	5 treasurer to the person by regular mail under subsection (a)(1),
	5699	+	6 including a statement that reflects installment payment due dates
	5700	+	7 under section 9.5 or 9.7 of this chapter.
	5701	+	8 (2) A provisional tax statement that would otherwise be sent by
	5702	+	9 the county treasurer to the person by regular mail under
	5703	+	10 IC 6-1.1-22.5-6.
	5704	+	11 (3) A reconciling tax statement that would otherwise be sent by
	5705	+	12 the county treasurer to the person by regular mail under any of the
	5706	+	13 following:
	5707	+	14 (A) Section 9 of this chapter.
	5708	+	15 (B) Section 9.7 of this chapter.
	5709	+	16 (C) IC 6-1.1-22.5-12, including a statement that reflects
	5710	+	17 installment payment due dates under IC 6-1.1-22.5-18.5.
	5711	+	18 (4) Any other information that:
	5712	+	19 (A) concerns the property taxes or special assessments; and
	5713	+	20 (B) would otherwise be sent:
	5714	+	21 (i) by the county treasurer or the county auditor to the person
	5715	+	22 by regular mail; and
	5716	+	23 (ii) before the last date the property taxes or special
	5717	+	24 assessments may be paid without becoming delinquent.
	5718	+	25 The information listed in this subsection may be transmitted to a person
	5719	+	26 by using electronic mail that provides a secure Internet link to the
	5720	+	27 information.
	5721	+	28 (i) For property with respect to which more than one (1) person is
	5722	+	29 liable for property taxes and special assessments, subsection (h) applies
	5723	+	30 only if all the persons liable for property taxes and special assessments
	5724	+	31 designate the electronic mail address for only one (1) individual
	5725	+	32 authorized to receive the statements and other information referred to
	5726	+	33 in subsection (h).
	5727	+	34 (j) The department of local government finance shall create a form
	5728	+	35 to be used to implement subsection (h). The county treasurer and
	5729	+	36 county auditor shall:
	5730	+	37 (1) make the form created under this subsection available to the
	5731	+	38 public;
	5732	+	39 (2) transmit a statement or other information by electronic mail
	5733	+	40 under subsection (h) to a person who files, on or before March 15,
	5734	+	41 the form created under this subsection:
	5735	+	42 (A) with the county treasurer; or
	5736	+	ES 1—LS 7244/DI 120 131
	5737	+	1 (B) with the county auditor; and
	5738	+	2 (3) publicize the availability of the electronic mail option under
	5739	+	3 this subsection through appropriate media in a manner reasonably
	5740	+	4 designed to reach members of the public.
	5741	+	5 (k) The form referred to in subsection (j) must:
	5742	+	6 (1) explain that a form filed as described in subsection (j)(2)
	5743	+	7 remains in effect until the person files a replacement form to:
	5744	+	8 (A) change the person's electronic mail address; or
	5745	+	9 (B) terminate the electronic mail option under subsection (h);
	5746	+	10 and
	5747	+	11 (2) allow a person to do at least the following with respect to the
	5748	+	12 electronic mail option under subsection (h):
	5749	+	13 (A) Exercise the option.
	5750	+	14 (B) Change the person's electronic mail address.
	5751	+	15 (C) Terminate the option.
	5752	+	16 (D) For a person other than an individual, designate the
	5753	+	17 electronic mail address for only one (1) individual authorized
	5754	+	18 to receive the statements and other information referred to in
	5755	+	19 subsection (h).
	5756	+	20 (E) For property with respect to which more than one (1)
	5757	+	21 person is liable for property taxes and special assessments,
	5758	+	22 designate the electronic mail address for only one (1)
	5759	+	23 individual authorized to receive the statements and other
	5760	+	24 information referred to in subsection (h).
	5761	+	25 (l) The form created under subsection (j) is considered filed with the
	5762	+	26 county treasurer or the county auditor on the postmark date or on the
	5763	+	27 date it is electronically submitted. If the postmark is missing or
	5764	+	28 illegible, the postmark is considered to be one (1) day before the date
	5765	+	29 of receipt of the form by the county treasurer or the county auditor.
	5766	+	30 (m) The county treasurer shall maintain a record that shows at least
	5767	+	31 the following:
	5768	+	32 (1) Each person to whom a statement or other information is
	5769	+	33 transmitted by electronic mail under this section.
	5770	+	34 (2) The information included in the statement.
	5771	+	35 (3) Whether the county treasurer received a notice that the
	5772	+	36 person's electronic mail was undeliverable.
	5773	+	37 (n) A person may direct the county treasurer and county auditor to
	5774	+	38 transmit information by electronic mail under subsection (h) on a form
	5775	+	39 prescribed by the department submitted:
	5776	+	40 (1) in person;
	5777	+	41 (2) by mail; or
	5778	+	42 (3) in an online format developed by the county and approved by
	5779	+	ES 1—LS 7244/DI 120 132
	5780	+	1 the department.
	5781	+	2 SECTION 77. IC 6-1.1-22.5-8, AS AMENDED BY P.L.93-2024,
	5782	+	3 SECTION 47, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	5783	+	4 JULY 1, 2026]: Sec. 8. (a) Subject to subsection (c), a provisional
	5784	+	5 statement must:
	5785	+	6 (1) be on a form prescribed by the department of local
	5786	+	7 government finance;
	5787	+	8 (2) except as provided in rules adopted under section 20 of this
	5788	+	9 chapter and subsection (b):
	5789	+	10 (A) for property taxes first due and payable after 2010 and
	5790	+	11 billed using a provisional statement under section 6 of this
	5791	+	12 chapter, indicate:
	5792	+	13 (i) that the first installment of the taxpayer's tax liability is
	5793	+	14 an amount equal to fifty percent (50%) of the tax liability
	5794	+	15 that was payable in the same year as the assessment date for
	5795	+	16 the property for which the provisional statement is issued,
	5796	+	17 subject to any adjustments to the tax liability authorized by
	5797	+	18 the department of local government finance under
	5798	+	19 subsection (e) and approved by the county treasurer; and
	5799	+	20 (ii) that the second installment is either the amount specified
	5800	+	21 in a reconciling statement or, if a reconciling statement is
	5801	+	22 not sent until after the second installment is due, an amount
	5802	+	23 equal to fifty percent (50%) of the tax liability that was
	5803	+	24 payable in the same year as the assessment date for the
	5804	+	25 property for which the provisional statement is issued,
	5805	+	26 subject to any adjustments to the tax liability authorized by
	5806	+	27 the department of local government finance under
	5807	+	28 subsection (e) and approved by the county treasurer; and
	5808	+	29 (B) for property taxes billed using a provisional statement
	5809	+	30 under section 6.5 of this chapter, except as provided in
	5810	+	31 subsection (d), indicate tax liability in an amount determined
	5811	+	32 by the department of local government finance based on:
	5812	+	33 (i) subject to subsection (c), for the cross-county entity, the
	5813	+	34 property tax rate of the cross-county entity for taxes first due
	5814	+	35 and payable in the immediately preceding calendar year; and
	5815	+	36 (ii) for all other taxing units that make up the taxing district
	5816	+	37 or taxing districts that comprise the cross-county area, the
	5817	+	38 property tax rates of the taxing units for taxes first due and
	5818	+	39 payable in the current calendar year;
	5819	+	40 (3) indicate:
	5820	+	41 (A) that the tax liability under the provisional statement is
	5821	+	42 determined as described in subdivision (2); and
	5822	+	ES 1—LS 7244/DI 120 133
	5823	+	1 (B) that property taxes billed on the provisional statement:
	5824	+	2 (i) are due and payable in the same manner as property taxes
	5825	+	3 billed on a tax statement under IC 6-1.1-22-8.1; and
	5826	+	4 (ii) will be credited against a reconciling statement;
	5827	+	5 (4) for property taxes billed using a provisional statement under
	5828	+	6 section 6 of this chapter, include a statement in the following or
	5829	+	7 a substantially similar form, as determined by the department of
	5830	+	8 local government finance:
	5831	+	9 "Under Indiana law, ________ County (insert county) has sent
	5832	+	10 provisional statements. The statement is due to be paid in
	5833	+	11 installments on __________ (insert date) and ________ (insert
	5834	+	12 date). The first installment is equal to fifty percent (50%) of your
	5835	+	13 tax liability for taxes payable in ______ (insert year), subject to
	5836	+	14 adjustment to the tax liability authorized by the department of
	5837	+	15 local government finance and approved by the county treasurer.
	5838	+	16 The second installment is either the amount specified in a
	5839	+	17 reconciling statement that will be sent to you, or (if a reconciling
	5840	+	18 statement is not sent until after the second installment is due) an
	5841	+	19 amount equal to fifty percent (50%) of your tax liability for taxes
	5842	+	20 payable in ______ (insert year), subject to adjustment to the tax
	5843	+	21 liability authorized by the department of local government finance
	5844	+	22 and approved by the county treasurer. After the abstract of
	5845	+	23 property is complete, you will receive a reconciling statement in
	5846	+	24 the amount of your actual tax liability for taxes payable in ______
	5847	+	25 (insert year) minus the amount you pay under this provisional
	5848	+	26 statement.";
	5849	+	27 (5) for property taxes billed using a provisional statement under
	5850	+	28 section 6.5 of this chapter, include a statement in the following or
	5851	+	29 a substantially similar form, as determined by the department of
	5852	+	30 local government finance:
	5853	+	31 "Under Indiana law, ________ County (insert county) has elected
	5854	+	32 to send provisional statements for the territory of
	5855	+	33 __________________ (insert cross-county entity) located in
	5856	+	34 ________ County (insert county) because the property tax rate for
	5857	+	35 ________________ (insert cross-county entity) was not available
	5858	+	36 in time to prepare final tax statements. The statement is due to be
	5859	+	37 paid in installments on __________ (insert date) and _________
	5860	+	38 (insert date). The statement is based on the property tax rate of
	5861	+	39 _________________ (insert cross-county entity) for taxes first
	5862	+	40 due and payable in _____ (insert immediately preceding calendar
	5863	+	41 year). After the property tax rate of ________________ (insert
	5864	+	42 cross-county entity) is determined, you will receive a reconciling
	5865	+	ES 1—LS 7244/DI 120 134
	5866	+	1 statement in the amount of your actual tax liability for taxes
	5867	+	2 payable in _____ (insert year) minus the amount you pay under
	5868	+	3 this provisional statement.";
	5869	+	4 (6) indicate any adjustment to tax liability under subdivision (2)
	5870	+	5 authorized by the department of local government finance under
	5871	+	6 subsection (e) and approved by the county treasurer for:
	5872	+	7 (A) delinquent:
	5873	+	8 (i) taxes; and
	5874	+	9 (ii) special assessments;
	5875	+	10 (B) penalties; and
	5876	+	11 (C) interest;
	5877	+	12 (7) in the case of a reconciling statement only, include:
	5878	+	13 (A) a checklist that shows:
	5879	+	14 (i) homestead credits under IC 6-1.1-20.4, IC 6-3.6-5
	5880	+	15 (before its expiration), or another law and all property tax
	5881	+	16 deductions; and
	5882	+	17 (ii) whether each homestead credit and property tax
	5883	+	18 deduction were applied in the current provisional statement;
	5884	+	19 (B) an explanation of the procedure and deadline that a
	5885	+	20 taxpayer must follow and the forms that must be used if a
	5886	+	21 credit or deduction has been granted for the property and the
	5887	+	22 taxpayer is no longer eligible for the credit or deduction; and
	5888	+	23 (C) an explanation of the tax consequences and applicable
	5889	+	24 penalties if a taxpayer unlawfully claims a standard deduction
	5890	+	25 under IC 6-1.1-12-37 on:
	5891	+	26 (i) more than one (1) parcel of property; or
	5892	+	27 (ii) property that is not the taxpayer's principal place of
	5893	+	28 residence or is otherwise not eligible for a standard
	5894	+	29 deduction; and
	5895	+	30 (8) include any other information the county treasurer requires.
	5896	+	31 (b) The county may apply a standard deduction, supplemental
	5897	+	32 standard deduction, or homestead credit calculated by the county's
	5898	+	33 property system on a provisional bill for a qualified property. If a
	5899	+	34 provisional bill has been used for property tax billings for two (2)
	5900	+	35 consecutive years and a property qualifies for a standard deduction,
	5901	+	36 supplemental standard deduction, or homestead credit for the second
	5902	+	37 year a provisional bill is used, the county shall apply the standard
	5903	+	38 deduction, supplemental standard deduction, or homestead credit
	5904	+	39 calculated by the county's property system on the provisional bill.
	5905	+	40 (c) For purposes of this section, property taxes that are:
	5906	+	41 (1) first due and payable in the current calendar year on a
	5907	+	42 provisional statement under section 6 or 6.5 of this chapter; and
	5908	+	ES 1—LS 7244/DI 120 135
	5909	+	1 (2) based on property taxes first due and payable in the
	5910	+	2 immediately preceding calendar year or on a percentage of those
	5911	+	3 property taxes;
	5912	+	4 are determined after excluding from the property taxes first due and
	5913	+	5 payable in the immediately preceding calendar year property taxes
	5914	+	6 imposed by one (1) or more taxing units in which the tangible property
	5915	+	7 is located that are attributable to a levy that no longer applies for
	5916	+	8 property taxes first due and payable in the current calendar year.
	5917	+	9 (d) If there was no property tax rate of the cross-county entity for
	5918	+	10 taxes first due and payable in the immediately preceding calendar year
	5919	+	11 for use under subsection (a)(2)(B), the department of local government
	5920	+	12 finance shall provide an estimated tax rate calculated to approximate
	5921	+	13 the actual tax rate that will apply when the tax rate is finally
	5922	+	14 determined.
	5923	+	15 (e) The department of local government finance shall:
	5924	+	16 (1) authorize the types of adjustments to tax liability that a county
	5925	+	17 treasurer may approve under subsection (a)(2)(A) including:
	5926	+	18 (A) adjustments for any new construction on the property or
	5927	+	19 any damage to the property;
	5928	+	20 (B) any necessary adjustments for credits, deductions, or the
	5929	+	21 local income tax;
	5930	+	22 (C) adjustments to include current year special assessments or
	5931	+	23 exclude special assessments payable in the year of the
	5932	+	24 assessment date but not payable in the current year;
	5933	+	25 (D) adjustments to include delinquent:
	5934	+	26 (i) taxes; and
	5935	+	27 (ii) special assessments;
	5936	+	28 (E) adjustments to include penalties that are due and owing;
	5937	+	29 and
	5938	+	30 (F) adjustments to include interest that is due and owing; and
	5939	+	31 (2) notify county treasurers in writing of the types of adjustments
	5940	+	32 authorized under subdivision (1).
	5941	+	33 SECTION 78. IC 6-1.1-30-20 IS ADDED TO THE INDIANA
	5942	+	34 CODE AS A NEW SECTION TO READ AS FOLLOWS
	5943	+	35 [EFFECTIVE UPON PASSAGE]: Sec. 20. (a) The department shall
	5944	+	36 develop and maintain a property tax transparency portal on the
	5945	+	37 department's current website through which taxpayers may:
	5946	+	38 (1) compare the property tax liability in their current tax
	5947	+	39 statement compared to their potential property tax liability
	5948	+	40 based on changes under a proposed tax rate; and
	5949	+	41 (2) provide taxpayer feedback to the department and local
	5950	+	42 units.
	5951	+	ES 1—LS 7244/DI 120 136
	5952	+	1 (b) The department shall make the portal available for taxpayer
	5953	+	2 use not later than January 1, 2026.
	5954	+	3 SECTION 79. IC 6-1.1-31-14 IS ADDED TO THE INDIANA
	5955	+	4 CODE AS A NEW SECTION TO READ AS FOLLOWS
	5956	+	5 [EFFECTIVE JANUARY 1, 2025 (RETROACTIVE)]: Sec. 14. The
	5957	+	6 department of local government finance shall develop or amend
	5958	+	7 forms and returns for property taxation of assessable depreciable
	5959	+	8 personal property to reflect the enactment of IC 6-1.1-3-29 and the
	5960	+	9 enactment of IC 6-1.1-8-45.
	5961	+	10 SECTION 80. IC 6-1.1-36-17, AS AMENDED BY P.L.85-2017,
	5962	+	11 SECTION 21, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	5963	+	12 JULY 1, 2026]: Sec. 17. (a) As used in this section, "nonreverting
	5964	+	13 fund" refers to a nonreverting fund established under subsection (d).
	5965	+	14 (b) If a county auditor makes a determination that property was not
	5966	+	15 eligible for a standard deduction under IC 6-1.1-12-37 in a particular
	5967	+	16 year within three (3) years after the date on which taxes for the
	5968	+	17 particular year are first due, the county auditor may issue a notice of
	5969	+	18 taxes, interest, and penalties due to the owner that improperly received
	5970	+	19 the standard deduction and include a statement that the payment is to
	5971	+	20 be made payable to the county auditor. The additional taxes and civil
	5972	+	21 penalties that result from the removal of the deduction, if any, are
	5973	+	22 imposed for property taxes first due and payable for an assessment date
	5974	+	23 occurring before the earlier of the date of the notation made under
	5975	+	24 subsection (c)(2)(A) or the date a notice of an ineligible homestead lien
	5976	+	25 is recorded under subsection (e)(2) in the office of the county recorder.
	5977	+	26 The notice must require full payment of the amount owed within:
	5978	+	27 (1) one (1) year with no penalties and interest, if:
	5979	+	28 (A) the taxpayer did not comply with the requirement to return
	5980	+	29 the homestead verification form under IC 6-1.1-22-8.1(b)(9)
	5981	+	30 (expired January 1, 2015); and
	5982	+	31 (B) the county auditor allowed the taxpayer to receive the
	5983	+	32 standard deduction in error; or
	5984	+	33 (2) thirty (30) days, if subdivision (1) does not apply.
	5985	+	34 With respect to property subject to a determination made under this
	5986	+	35 subsection that is owned by a bona fide purchaser without knowledge
	5987	+	36 of the determination, no lien attaches for any additional taxes and civil
	5988	+	37 penalties that result from the removal of the deduction.
	5989	+	38 (c) If a county auditor issues a notice of taxes, interest, and penalties
	5990	+	39 due to an owner under subsection (b), the county auditor shall:
	5991	+	40 (1) notify the county treasurer of the determination; and
	5992	+	41 (2) do one (1) or more of the following:
	5993	+	42 (A) Make a notation on the tax duplicate that the property is
	5994	+	ES 1—LS 7244/DI 120 137
	5995	+	1 ineligible for the standard deduction and indicate the date the
	5996	+	2 notation is made.
	5997	+	3 (B) Record a notice of an ineligible homestead lien under
	5998	+	4 subsection (e)(2).
	5999	+	5 (d) Each county auditor shall establish a nonreverting fund. Upon
	6000	+	6 collection of the adjustment in tax due (and any interest and penalties
	6001	+	7 on that amount) after the termination of a deduction or credit as
	6002	+	8 specified in subsection (b), the county treasurer shall deposit that
	6003	+	9 amount:
	6004	+	10 (1) in the nonreverting fund, if the county contains a consolidated
	6005	+	11 city; or
	6006	+	12 (2) if the county does not contain a consolidated city:
	6007	+	13 (A) in the nonreverting fund, to the extent that the amount
	6008	+	14 collected, after deducting the direct cost of any contract,
	6009	+	15 including contract related expenses, under which the
	6010	+	16 contractor is required to identify homestead deduction
	6011	+	17 eligibility, does not cause the total amount deposited in the
	6012	+	18 nonreverting fund under this subsection for the year during
	6013	+	19 which the amount is collected to exceed one hundred thousand
	6014	+	20 dollars ($100,000); or
	6015	+	21 (B) in the county general fund, to the extent that the amount
	6016	+	22 collected exceeds the amount that may be deposited in the
	6017	+	23 nonreverting fund under clause (A).
	6018	+	24 (e) Any part of the amount due under subsection (b) that is not
	6019	+	25 collected by the due date is subject to collection under one (1) or more
	6020	+	26 of the following:
	6021	+	27 (1) After being placed on the tax duplicate for the affected
	6022	+	28 property and collected in the same manner as other property taxes.
	6023	+	29 (2) Through a notice of an ineligible homestead lien recorded in
	6024	+	30 the county recorder's office without charge.
	6025	+	31 The adjustment in tax due (and any interest and penalties on that
	6026	+	32 amount) after the termination of a deduction or credit as specified in
	6027	+	33 subsection (b) shall be deposited as specified in subsection (d) only in
	6028	+	34 the first year in which that amount is collected. Upon the collection of
	6029	+	35 the amount due under subsection (b) or the release of a lien recorded
	6030	+	36 under subdivision (2), the county auditor shall submit the appropriate
	6031	+	37 documentation to the county recorder, who shall amend the information
	6032	+	38 recorded under subdivision (2) without charge to indicate that the lien
	6033	+	39 has been released or the amount has been paid in full.
	6034	+	40 (f) The amount to be deposited in the nonreverting fund or the
	6035	+	41 county general fund under subsection (d) includes adjustments in the
	6036	+	42 tax due as a result of the termination of deductions or credits available
	6037	+	ES 1—LS 7244/DI 120 138
	6038	+	1 only for property that satisfies the eligibility for a standard deduction
	6039	+	2 under IC 6-1.1-12-37, including the following:
	6040	+	3 (1) Supplemental deductions under IC 6-1.1-12-37.5.
	6041	+	4 (2) Homestead credits under IC 6-1.1-20.4, IC 6-3.6-5 (before its
	6042	+	5 expiration), IC 6-3.6-11-3 (before its expiration), or any other
	6043	+	6 law.
	6044	+	7 (3) Credit for excessive property taxes under IC 6-1.1-20.6-7.5 or
	6045	+	8 IC 6-1.1-20.6-8.5.
	6046	+	9 Any amount paid that exceeds the amount required to be deposited
	6047	+	10 under subsection (d)(1) or (d)(2) shall be distributed as property taxes.
	6048	+	11 (g) Money deposited under subsection (d)(1) or (d)(2) shall be
	6049	+	12 treated as miscellaneous revenue. Distributions shall be made from the
	6050	+	13 nonreverting fund established under this section upon appropriation by
	6051	+	14 the county fiscal body and shall be made only for the following
	6052	+	15 purposes:
	6053	+	16 (1) Fees and other costs incurred by the county auditor to discover
	6054	+	17 property that is eligible for a standard deduction under
	6055	+	18 IC 6-1.1-12-37.
	6056	+	19 (2) Other expenses of the office of the county auditor.
	6057	+	20 The amount of deposits in a reverting fund, the balance of a
	6058	+	21 nonreverting fund, and expenditures from a reverting fund may not be
	6059	+	22 considered in establishing the budget of the office of the county auditor
	6060	+	23 or in setting property tax levies that will be used in any part to fund the
	6061	+	24 office of the county auditor.
	6062	+	25 SECTION 81. IC 6-1.1-37-4 IS AMENDED TO READ AS
	6063	+	26 FOLLOWS [EFFECTIVE JANUARY 1, 2025 (RETROACTIVE)]:
	6064	+	27 Sec. 4. A person who makes a false statement, with intent to obtain the
	6065	+	28 property tax deduction provided in either IC 6-1.1-12-13 or
	6066	+	29 IC 6-1.1-12-14 (before their expiration), when he the person is not
	6067	+	30 entitled to the deduction, commits a Class B misdemeanor.
	6068	+	31 SECTION 82. IC 6-1.1-40-10, AS AMENDED BY
	6069	+	32 P.L.212-2018(ss), SECTION 16, IS AMENDED TO READ AS
	6070	+	33 FOLLOWS [EFFECTIVE JANUARY 1, 2025 (RETROACTIVE)]:
	6071	+	34 Sec. 10. (a) The deduction under this section applies only to new
	6072	+	35 manufacturing equipment installed before July 1, 2018.
	6073	+	36 (b) Subject to subsection (e), an owner of new manufacturing
	6074	+	37 equipment whose statement of benefits is approved is entitled to a
	6075	+	38 deduction from the assessed value of that equipment for a period of ten
	6076	+	39 (10) years. Except as provided in subsections (c) and (d), and subject
	6077	+	40 to subsection (e) and section 14 of this chapter, for the first five (5)
	6078	+	41 years, the amount of the deduction for new manufacturing equipment
	6079	+	42 that an owner is entitled to for a particular year equals the assessed
	6080	+	ES 1—LS 7244/DI 120 139
	6081	+	1 value of the new manufacturing equipment. Subject to subsection (e)
	6082	+	2 and section 14 of this chapter, for the sixth through the tenth year, the
	6083	+	3 amount of the deduction equals the product of:
	6084	+	4 (1) the assessed value of the new manufacturing equipment;
	6085	+	5 multiplied by
	6086	+	6 (2) the percentage prescribed in the following table:
	6087	+	7 YEAR OF DEDUCTION PERCENTAGE
	6088	+	8 6th 100%
	6089	+	9 7th 95%
	6090	+	10 8th 80%
	6091	+	11 9th 65%
	6092	+	12 10th 50%
	6093	+	13 11th and thereafter 0%
	6094	+	14 (c) A deduction under this section is not allowed in the first year the
	6095	+	15 deduction is claimed for new manufacturing equipment to the extent
	6096	+	16 that it would cause the assessed value of all of the personal property of
	6097	+	17 the owner in the taxing district in which the equipment is located to be
	6098	+	18 less than the assessed value of all of the personal property of the owner
	6099	+	19 in that taxing district in the immediately preceding year.
	6100	+	20 (d) If a deduction is not fully allowed under subsection (c) in the
	6101	+	21 first year the deduction is claimed, then the percentages specified in
	6102	+	22 subsection (b) apply in the subsequent years to the amount of deduction
	6103	+	23 that was allowed in the first year.
	6104	+	24 (e) For purposes of subsection (b), the assessed value of new
	6105	+	25 manufacturing equipment that is part of an owner's assessable
	6106	+	26 depreciable personal property in a single taxing district subject to the
	6107	+	27 valuation limitation in 50 IAC 4.2-4-9 IC 6-1.1-3-29 or 50 IAC 5.1-6-9
	6108	+	28 IC 6-1.1-8-45 is the product of:
	6109	+	29 (1) the assessed value of the equipment (excluding equipment
	6110	+	30 installed after June 30, 2018) determined without regard to the
	6111	+	31 valuation limitation in 50 IAC 4.2-4-9 IC 6-1.1-3-29 or 50
	6112	+	32 IAC 5.1-6-9; IC 6-1.1-8-45; multiplied by
	6113	+	33 (2) the quotient of:
	6114	+	34 (A) the amount of the valuation limitation determined under
	6115	+	35 50 IAC 4.2-4-9 IC 6-1.1-3-29 or 50 IAC 5.1-6-9 IC 6-1.1-8-45
	6116	+	36 for all of the owner's depreciable personal property in the
	6117	+	37 taxing district; divided by
	6118	+	38 (B) the total true tax value of all of the owner's depreciable
	6119	+	39 personal property in the taxing district that is subject to the
	6120	+	40 valuation limitation in 50 IAC 4.2-4-9 IC 6-1.1-3-29 or 50
	6121	+	41 IAC 5.1-6-9 IC 6-1.1-8-45 determined:
	6122	+	42 (i) under the depreciation schedules in the rules of the
	6123	+	ES 1—LS 7244/DI 120 140
	6124	+	1 department of local government finance before any
	6125	+	2 adjustment for abnormal obsolescence; and
	6126	+	3 (ii) without regard to the valuation limitation in 50
	6127	+	4 IAC 4.2-4-9 IC 6-1.1-3-29 or 50 IAC 5.1-6-9.
	6128	+	5 IC 6-1.1-8-45.
	6129	+	6 SECTION 83. IC 6-1.1-42-22, AS AMENDED BY P.L.181-2016,
	6130	+	7 SECTION 13, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	6131	+	8 JANUARY 1, 2025 (RETROACTIVE)]: Sec. 22. (a) The designating
	6132	+	9 body shall determine whether to approve a deduction.
	6133	+	10 (b) A designating body may not grant a deduction for a facility
	6134	+	11 described in IC 6-1.1-12.1-3(e).
	6135	+	12 (c) A property owner may not receive a deduction under this chapter
	6136	+	13 for repairs or improvements to real property if the owner receives a
	6137	+	14 deduction under either IC 6-1.1-12.1, IC 6-1.1-12-18 (before its
	6138	+	15 expiration), IC 6-1.1-12-22 (before its expiration), or IC 6-1.1-12-28.5
	6139	+	16 (before its expiration) for the same property.
	6140	+	17 (d) A designating body may approve a deduction only if the
	6141	+	18 following findings are made in the affirmative:
	6142	+	19 (1) The applicant:
	6143	+	20 (A) has never had an ownership interest in an entity that
	6144	+	21 contributed; and
	6145	+	22 (B) has not contributed;
	6146	+	23 a contaminant (as defined in IC 13-11-2-42) that is the subject of
	6147	+	24 the voluntary remediation, as determined under the written
	6148	+	25 standards adopted by the department of environmental
	6149	+	26 management.
	6150	+	27 (2) The proposed improvement or property will be located in a
	6151	+	28 zone.
	6152	+	29 (3) The estimate of the value of the remediation and
	6153	+	30 redevelopment is reasonable for projects of that nature.
	6154	+	31 (4) The estimate of the number of individuals who will be
	6155	+	32 employed or whose employment will be retained can be
	6156	+	33 reasonably expected to result from the proposed described
	6157	+	34 remediation and redevelopment.
	6158	+	35 (5) The estimate of the annual salaries of those individuals who
	6159	+	36 will be employed or whose employment will be retained can be
	6160	+	37 reasonably expected to result from the proposed described
	6161	+	38 remediation and redevelopment.
	6162	+	39 (6) Any other benefits about which information was requested are
	6163	+	40 benefits that can be reasonably expected to result from the
	6164	+	41 proposed described remediation and redevelopment.
	6165	+	42 (7) The totality of benefits is sufficient to justify the deduction.
	6166	+	ES 1—LS 7244/DI 120 141
	6167	+	1 SECTION 84. IC 6-1.1-51.3 IS ADDED TO THE INDIANA CODE
	6168	+	2 AS A NEW CHAPTER TO READ AS FOLLOWS [EFFECTIVE
	6169	+	3 JANUARY 1, 2025 (RETROACTIVE)]:
	6170	+	4 Chapter 51.3 Local Property Tax Credits
	6171	+	5 Sec. 0.5. Each credit against local property taxes to which an
	6172	+	6 individual is entitled for a particular year under this chapter shall
	6173	+	7 be applied to an individual's property tax liability for the year after
	6174	+	8 the application of any credit under IC 6-1.1-20.6-7.5, but before
	6175	+	9 application of any other credits under this article or IC 6-3.6.
	6176	+	10 Sec. 1. (a) An individual is entitled to a credit against local
	6177	+	11 property taxes imposed on the individual's real property, or mobile
	6178	+	12 home or manufactured home within the county, if:
	6179	+	13 (1) the individual is at least sixty-five (65) years of age on or
	6180	+	14 before December 31 of the calendar year preceding the year
	6181	+	15 in which the credit is claimed;
	6182	+	16 (2) the individual has owned the real property, mobile home,
	6183	+	17 or manufactured home for at least one (1) year before
	6184	+	18 claiming the credit; or the individual has been buying the real
	6185	+	19 property, mobile home, or manufactured home under a
	6186	+	20 contract that provides that the individual is to pay the
	6187	+	21 property taxes on the real property, mobile home, or
	6188	+	22 manufactured home for at least one (1) year before claiming
	6189	+	23 the credit, and the contract or a memorandum of the contract
	6190	+	24 is recorded in the county recorder's office;
	6191	+	25 (3) the individual:
	6192	+	26 (A) owns the real property, mobile home, or manufactured
	6193	+	27 home; or
	6194	+	28 (B) is buying the real property, mobile home, or
	6195	+	29 manufactured home under contract;
	6196	+	30 on the date the credit is claimed; and
	6197	+	31 (4) the:
	6198	+	32 (A) individual had, in the case of an individual who filed a
	6199	+	33 single return, adjusted gross income (as defined in Section
	6200	+	34 62 of the Internal Revenue Code) not exceeding sixty
	6201	+	35 thousand dollars ($60,000);
	6202	+	36 (B) individual had, in the case of an individual who filed a
	6203	+	37 joint income tax return with the individual's spouse,
	6204	+	38 combined adjusted gross income (as defined in Section 62
	6205	+	39 of the Internal Revenue Code) not exceeding seventy
	6206	+	40 thousand dollars ($70,000); or
	6207	+	41 (C) combined adjusted gross income (as defined in Section
	6208	+	42 62 of the Internal Revenue Code) of the individual and all
	6209	+	ES 1—LS 7244/DI 120 142
	6210	+	1 other individuals with whom:
	6211	+	2 (i) the individual shares ownership; or
	6212	+	3 (ii) the individual is purchasing the property under a
	6213	+	4 contract;
	6214	+	5 as joint tenants or tenants in common did not exceed
	6215	+	6 seventy thousand dollars ($70,000);
	6216	+	7 for the calendar year preceding by two (2) years the calendar
	6217	+	8 year in which the property taxes are first due and payable.
	6218	+	9 (b) The amount of the credit is equal to one hundred fifty dollars
	6219	+	10 ($150).
	6220	+	11 (c) An individual may not be denied the credit provided under
	6221	+	12 this section because the individual is absent from the real property,
	6222	+	13 mobile home, or manufactured home while in a nursing home or
	6223	+	14 hospital.
	6224	+	15 (d) For purposes of this section, if real property, a mobile home,
	6225	+	16 or a manufactured home is owned by:
	6226	+	17 (1) tenants by the entirety;
	6227	+	18 (2) joint tenants; or
	6228	+	19 (3) tenants in common;
	6229	+	20 only one (1) credit may be allowed. However, the age requirement
	6230	+	21 is satisfied if any one (1) of the tenants is at least sixty-five (65)
	6231	+	22 years of age.
	6232	+	23 (e) A surviving spouse is entitled to the credit provided by this
	6233	+	24 section if:
	6234	+	25 (1) the surviving spouse is at least sixty (60) years of age on or
	6235	+	26 before December 31 of the calendar year preceding the year
	6236	+	27 in which the credit is claimed;
	6237	+	28 (2) the surviving spouse's deceased husband or wife was at
	6238	+	29 least sixty-five (65) years of age at the time of a death; and
	6239	+	30 (3) the surviving spouse has not remarried.
	6240	+	31 (f) An individual who has sold real property to another person
	6241	+	32 under a contract that provides that the contract buyer is to pay the
	6242	+	33 property taxes on the real property may not claim the credit
	6243	+	34 provided under this section against that real property.
	6244	+	35 (g) If individuals share ownership or are purchasing the
	6245	+	36 property under a contract as joint tenants or tenants in common
	6246	+	37 and all of the tenants are not at least sixty-five (65) years of age, the
	6247	+	38 credit allowed under this section shall be reduced by an amount
	6248	+	39 equal to the credit multiplied by a fraction. The numerator of the
	6249	+	40 fraction is the number of tenants who are not at least sixty-five (65)
	6250	+	41 years of age, and the denominator is the total number of tenants.
	6251	+	42 (h) An individual wishing to claim a credit under this section
	6252	+	ES 1—LS 7244/DI 120 143
	6253	+	1 must file a statement, on forms prescribed by the department of
	6254	+	2 local government finance, with the county auditor and provide
	6255	+	3 documentation necessary to substantiate the individual's eligibility
	6256	+	4 for the credit. The statement must be completed and dated on or
	6257	+	5 before January 15 of the calendar year in which the property taxes
	6258	+	6 are first due and payable. The statement may be filed in person or
	6259	+	7 by mail. If mailed, the mailing must be postmarked on or before
	6260	+	8 the last day for filing. An individual who remains eligible for the
	6261	+	9 credit in the following year is not required to file a statement to
	6262	+	10 apply for the credit in the following year. However, an individual
	6263	+	11 who receives a credit under this section in a particular year and
	6264	+	12 who becomes ineligible for the credit in the following year shall
	6265	+	13 notify the auditor of the county in which the homestead is located
	6266	+	14 of the individual's ineligibility not later than sixty (60) days after
	6267	+	15 the individual becomes ineligible.
	6268	+	16 Sec. 2. (a) An individual is entitled to a credit against local
	6269	+	17 property taxes imposed on the individual's real property, or mobile
	6270	+	18 home or manufactured home within the county, if:
	6271	+	19 (1) the individual is blind or the individual has a disability;
	6272	+	20 (2) the real property, mobile home, or manufactured home is
	6273	+	21 principally used and occupied by the individual as the
	6274	+	22 individual's residence; and
	6275	+	23 (3) the individual:
	6276	+	24 (A) owns the real property, mobile home, or manufactured
	6277	+	25 home; or
	6278	+	26 (B) is buying the real property, mobile home, or
	6279	+	27 manufactured home under contract;
	6280	+	28 on the date the credit is claimed, and in the case of clause (B),
	6281	+	29 the contract or a memorandum of the contract is recorded in
	6282	+	30 the county recorder's office.
	6283	+	31 (b) The amount of the credit is equal to one hundred twenty-five
	6284	+	32 dollars ($125).
	6285	+	33 (c) For purposes of this section, "blind" has the same meaning
	6286	+	34 as the definition contained in IC 12-7-2-21(1).
	6287	+	35 (d) For purposes of this section, "individual with a disability"
	6288	+	36 means a person unable to engage in any substantial gainful activity
	6289	+	37 by reason of a medically determinable physical or mental
	6290	+	38 impairment which:
	6291	+	39 (1) can be expected to result in death; or
	6292	+	40 (2) has lasted or can be expected to last for a continuous
	6293	+	41 period of not less than twelve (12) months.
	6294	+	42 (e) An individual with a disability filing a claim under this
	6295	+	ES 1—LS 7244/DI 120 144
	6296	+	1 section shall submit proof of the disability. Proof that a claimant is
	6297	+	2 eligible to receive disability benefits under the federal Social
	6298	+	3 Security Act (42 U.S.C. 301 et seq.) shall constitute proof of
	6299	+	4 disability for purposes of this section.
	6300	+	5 (f) An individual with a disability not covered under the federal
	6301	+	6 Social Security Act shall be examined by a physician and the
	6302	+	7 individual's status as an individual with a disability determined by
	6303	+	8 using the same standards as used by the Social Security
	6304	+	9 Administration. The costs of this examination shall be borne by the
	6305	+	10 claimant.
	6306	+	11 (g) An individual who receives the credit provided by this
	6307	+	12 section may not receive the credit provided by IC 6-1.1-20.6-8.5.
	6308	+	13 However, the individual may receive any other property tax credit
	6309	+	14 that the individual is entitled to by law.
	6310	+	15 (h) An individual who has sold real property, a mobile home not
	6311	+	16 assessed as real property, or a manufactured home not assessed as
	6312	+	17 real property to another person under a contract that provides that
	6313	+	18 the contract buyer is to pay the property taxes on the real
	6314	+	19 property, mobile home, or manufactured home may not claim the
	6315	+	20 credit provided under this section against that real property,
	6316	+	21 mobile home, or manufactured home.
	6317	+	22 (i) An individual wishing to claim a credit under this section
	6318	+	23 must file a statement, on forms prescribed by the department of
	6319	+	24 local government finance, with the county auditor and provide
	6320	+	25 documentation necessary to substantiate the individual's eligibility
	6321	+	26 for the credit. The statement must be completed and dated on or
	6322	+	27 before January 15 of the calendar year in which the property taxes
	6323	+	28 are first due and payable. The statement may be filed in person or
	6324	+	29 by mail. If mailed, the mailing must be postmarked on or before
	6325	+	30 the last day for filing. An individual who remains eligible for the
	6326	+	31 credit in the following year is not required to file a statement to
	6327	+	32 apply for the credit in the following year. However, an individual
	6328	+	33 who receives a credit under this section in a particular year and
	6329	+	34 who becomes ineligible for the credit in the following year shall
	6330	+	35 notify the auditor of the county in which the homestead is located
	6331	+	36 of the individual's ineligibility not later than sixty (60) days after
	6332	+	37 the individual becomes ineligible.
	6333	+	38 Sec. 3. (a) An individual is entitled to a credit against local
	6334	+	39 property taxes imposed on the individual's real property, or mobile
	6335	+	40 home or manufactured home within the county, if:
	6336	+	41 (1) the individual served in the military or naval forces of the
	6337	+	42 United States for at least ninety (90) days;
	6338	+	ES 1—LS 7244/DI 120 145
	6339	+	1 (2) the individual received an honorable discharge;
	6340	+	2 (3) the individual either:
	6341	+	3 (A) has a total disability; or
	6342	+	4 (B) is at least sixty-two (62) years of age and has a
	6343	+	5 disability of at least ten percent (10%);
	6344	+	6 (4) the individual's disability is evidenced by:
	6345	+	7 (A) a pension certificate or an award of compensation
	6346	+	8 issued by the United States Department of Veterans
	6347	+	9 Affairs; or
	6348	+	10 (B) a certificate of eligibility issued to the individual by the
	6349	+	11 Indiana department of veterans' affairs after the Indiana
	6350	+	12 department of veterans' affairs has determined that the
	6351	+	13 individual's disability qualifies the individual to receive a
	6352	+	14 credit under this section; and
	6353	+	15 (5) the individual:
	6354	+	16 (A) owns the real property, mobile home, or manufactured
	6355	+	17 home; or
	6356	+	18 (B) is buying the real property, mobile home, or
	6357	+	19 manufactured home under contract;
	6358	+	20 on the date the credit is claimed, and in the case of clause (B),
	6359	+	21 the contract or a memorandum of the contract is recorded in
	6360	+	22 the county recorder's office.
	6361	+	23 (b) The amount of the credit is equal to one hundred fifty dollars
	6362	+	24 ($150).
	6363	+	25 (c) The surviving spouse of an individual may receive the credit
	6364	+	26 provided by this section if:
	6365	+	27 (1) the individual satisfied the requirements of subsection
	6366	+	28 (a)(1) through (a)(4) at the time of death; or
	6367	+	29 (2) the individual:
	6368	+	30 (A) was killed in action;
	6369	+	31 (B) died while serving on active duty in the military or
	6370	+	32 naval forces of the United States; or
	6371	+	33 (C) died while performing inactive duty training in the
	6372	+	34 military or naval forces of the United States; and
	6373	+	35 the surviving spouse satisfies the requirement of subsection (a)(5)
	6374	+	36 at the time the credit is claimed. The surviving spouse is entitled to
	6375	+	37 the credit regardless of whether the property for which the credit
	6376	+	38 is claimed was owned by the deceased veteran or the surviving
	6377	+	39 spouse before the deceased veteran's death.
	6378	+	40 (d) An individual who receives the credit provided by this
	6379	+	41 section may not receive the credit provided by section 1 of this
	6380	+	42 chapter. However, the individual may receive any other property
	6381	+	ES 1—LS 7244/DI 120 146
	6382	+	1 tax credit that the individual is entitled to by law.
	6383	+	2 (e) An individual who has sold real property or a mobile home
	6384	+	3 or manufactured home to another person under a contract that
	6385	+	4 provides that the contract buyer is to pay the property taxes on the
	6386	+	5 real property, mobile home, or manufactured home may not claim
	6387	+	6 the credit provided under this section against that real property,
	6388	+	7 mobile home, or manufactured home.
	6389	+	8 (f) An individual wishing to claim a credit under this section
	6390	+	9 must file a statement, on forms prescribed by the department of
	6391	+	10 local government finance, with the county auditor and provide
	6392	+	11 documentation necessary to substantiate the individual's eligibility
	6393	+	12 for the credit. The statement must be completed and dated on or
	6394	+	13 before January 15 of the calendar year in which the property taxes
	6395	+	14 are first due and payable. The statement may be filed in person or
	6396	+	15 by mail. If mailed, the mailing must be postmarked on or before
	6397	+	16 the last day for filing. An individual who remains eligible for the
	6398	+	17 credit in the following year is not required to file a statement to
	6399	+	18 apply for the credit in the following year. However, an individual
	6400	+	19 who receives a credit under this section in a particular year and
	6401	+	20 who becomes ineligible for the credit in the following year shall
	6402	+	21 notify the auditor of the county in which the homestead is located
	6403	+	22 of the individual's ineligibility not later than sixty (60) days after
	6404	+	23 the individual becomes ineligible.
	6405	+	24 Sec. 4. (a) An individual is entitled to a credit against local
	6406	+	25 property taxes imposed on the individual's real property, or mobile
	6407	+	26 home or manufactured home within the county, if:
	6408	+	27 (1) the individual served in the military or naval forces of the
	6409	+	28 United States during any of its wars;
	6410	+	29 (2) the individual received an honorable discharge;
	6411	+	30 (3) the individual has a disability with a service connected
	6412	+	31 disability of ten percent (10%) or more;
	6413	+	32 (4) the individual's disability is evidenced by:
	6414	+	33 (A) a pension certificate, an award of compensation, or a
	6415	+	34 disability compensation check issued by the United States
	6416	+	35 Department of Veterans Affairs; or
	6417	+	36 (B) a certificate of eligibility issued to the individual by the
	6418	+	37 Indiana department of veterans' affairs after the Indiana
	6419	+	38 department of veterans' affairs has determined that the
	6420	+	39 individual's disability qualifies the individual to receive a
	6421	+	40 credit under this section; and
	6422	+	41 (5) the individual:
	6423	+	42 (A) owns the real property, mobile home, or manufactured
	6424	+	ES 1—LS 7244/DI 120 147
	6425	+	1 home; or
	6426	+	2 (B) is buying the real property, mobile home, or
	6427	+	3 manufactured home under contract;
	6428	+	4 on the date the credit is claimed, and in the case of clause (B),
	6429	+	5 the contract or a memorandum of the contract is recorded in
	6430	+	6 the county recorder's office.
	6431	+	7 (b) The amount of the credit is equal to two hundred fifty
	6432	+	8 dollars ($250).
	6433	+	9 (c) The surviving spouse of an individual may receive the credit
	6434	+	10 provided by this section if the individual satisfied the requirements
	6435	+	11 of subsection (a)(1) through (a)(4) at the time of death and the
	6436	+	12 surviving spouse satisfies the requirement of subsection (a)(5) at
	6437	+	13 the time the credit is claimed. The surviving spouse is entitled to
	6438	+	14 the credit regardless of whether the property for which the credit
	6439	+	15 is claimed was owned by the deceased veteran or the surviving
	6440	+	16 spouse before the deceased veteran's death.
	6441	+	17 (d) An individual who receives the credit provided by this
	6442	+	18 section may not receive the credit provided by section 1 of this
	6443	+	19 chapter. However, the individual may receive any other property
	6444	+	20 tax credit that the individual is entitled to by law.
	6445	+	21 (e) An individual who has sold real property or a mobile home
	6446	+	22 or manufactured home to another person under a contract that
	6447	+	23 provides that the contract buyer is to pay the property taxes on the
	6448	+	24 real property, mobile home, or manufactured home may not claim
	6449	+	25 the credit provided under this section against that real property,
	6450	+	26 mobile home, or manufactured home.
	6451	+	27 (f) An individual wishing to claim a credit under this section
	6452	+	28 must file a statement, on forms prescribed by the department of
	6453	+	29 local government finance, with the county auditor and provide
	6454	+	30 documentation necessary to substantiate the individual's eligibility
	6455	+	31 for the credit. The statement must be completed and dated on or
	6456	+	32 before January 15 of the calendar year in which the property taxes
	6457	+	33 are first due and payable. The statement may be filed in person or
	6458	+	34 by mail. If mailed, the mailing must be postmarked on or before
	6459	+	35 the last day for filing. An individual who remains eligible for the
	6460	+	36 credit in the following year is not required to file a statement to
	6461	+	37 apply for the credit in the following year. However, an individual
	6462	+	38 who receives a credit under this section in a particular year and
	6463	+	39 who becomes ineligible for the credit in the following year shall
	6464	+	40 notify the auditor of the county in which the homestead is located
	6465	+	41 of the individual's ineligibility not later than sixty (60) days after
	6466	+	42 the individual becomes ineligible.
	6467	+	ES 1—LS 7244/DI 120 148
	6468	+	1 SECTION 85. IC 6-1.1-52 IS ADDED TO THE INDIANA CODE
	6469	+	2 AS A NEW CHAPTER TO READ AS FOLLOWS [EFFECTIVE
	6470	+	3 JULY 1, 2025]:
	6471	+	4 Chapter 52. County Option Homestead Property Tax Deferral
	6472	+	5 Program
	6473	+	6 Sec. 1. As used in this chapter, "homestead" means a homestead
	6474	+	7 as defined in IC 6-1.1-12-37.
	6475	+	8 Sec. 2. As used in this chapter, "homestead property tax
	6476	+	9 liability" refers to a liability for property taxes:
	6477	+	10 (1) that are assessed on tangible property that is a homestead,
	6478	+	11 including all tangible property, regardless of type, located in
	6479	+	12 any parcel that contains the homestead; and
	6480	+	13 (2) that would be first due and payable in a certain year if the
	6481	+	14 property taxes were not deferred under this chapter.
	6482	+	15 The term refers to a property tax liability after the application of
	6483	+	16 all deductions and credits for which the homestead is eligible.
	6484	+	17 Sec. 3. As used in this chapter, "property taxes" refers to ad
	6485	+	18 valorem property taxes. The term does not include special
	6486	+	19 assessments, fees, or charges that are included by law on a tax
	6487	+	20 statement issued under IC 6-1.1-22-8.1 or IC 6-1.1-22.5.
	6488	+	21 Sec. 4. As used in this chapter, "qualified individual" means an
	6489	+	22 individual who:
	6490	+	23 (1) has a qualified interest in a homestead on the assessment
	6491	+	24 date for which homestead property tax liability is imposed;
	6492	+	25 (2) has held a qualified interest in the homestead for at least
	6493	+	26 five (5) years before first applying for a deferral of homestead
	6494	+	27 property tax liability;
	6495	+	28 (3) uses the homestead in which the individual has a qualified
	6496	+	29 interest as the individual's principal place of residence. An
	6497	+	30 individual shall be treated as using a homestead as the
	6498	+	31 individual's principal place of residence if the individual:
	6499	+	32 (A) is absent from the homestead while in a health care
	6500	+	33 facility (as defined in IC 16-18-2-161 or IC 16-28-13-0.5)
	6501	+	34 for which payment is received from the United States
	6502	+	35 Department of Health and Human Services for the
	6503	+	36 individual's care; but
	6504	+	37 (B) used the homestead as the individual's principal place
	6505	+	38 of residence immediately before being admitted to a health
	6506	+	39 care facility (as defined in IC 16-18-2-161 or
	6507	+	40 IC 16-28-13-0.5);
	6508	+	41 (4) is not delinquent in the payment of any property taxes,
	6509	+	42 special assessments, or fees or charges that are included by
	6510	+	ES 1—LS 7244/DI 120 149
	6511	+	1 law on a tax statement issued under IC 6-1.1-22-8.1 or
	6512	+	2 IC 6-1.1-22.5; and
	6513	+	3 (5) meets any other qualifications that a county may choose to
	6514	+	4 require in an ordinance adopted under this chapter, which
	6515	+	5 may include:
	6516	+	6 (A) an age requirement for senior citizens;
	6517	+	7 (B) an assessed value limitation (such as an assessed value
	6518	+	8 limit of three hundred thousand dollars ($300,000));
	6519	+	9 (C) veteran status; or
	6520	+	10 (D) an income based limitation.
	6521	+	11 Sec. 5. As used in this chapter, "qualified interest" means the
	6522	+	12 following:
	6523	+	13 (1) An ownership interest in a homestead.
	6524	+	14 (2) An interest in a contract for the purchase of a homestead
	6525	+	15 that:
	6526	+	16 (A) is recorded in the county recorder's office; and
	6527	+	17 (B) provides that a person purchasing the homestead is to
	6528	+	18 pay the property taxes on the homestead.
	6529	+	19 Sec. 6. (a) A county fiscal body may adopt an ordinance to
	6530	+	20 establish a homestead property tax deferral program to be
	6531	+	21 administered by the county treasurer as provided in this chapter.
	6532	+	22 (b) An ordinance adopted under this section must apply to all of
	6533	+	23 the territory of the county and allow a qualified individual to apply
	6534	+	24 for and receive deferral of the qualified individual's homestead
	6535	+	25 property tax liability as set forth in this chapter.
	6536	+	26 (c) For a homestead property tax deferral program to be first
	6537	+	27 applicable to property taxes first due and payable in a particular
	6538	+	28 calendar year, the county fiscal body must adopt the ordinance to
	6539	+	29 establish the homestead property tax deferral program not later
	6540	+	30 than November 1 of the immediately preceding calendar year.
	6541	+	31 Sec. 7. (a) Beginning with property taxes first due and payable
	6542	+	32 in 2026, and subject to subsection (g), a qualified individual in a
	6543	+	33 county with a homestead property tax deferral program may apply
	6544	+	34 to the county auditor to defer the due date for the qualified
	6545	+	35 individual's homestead property tax liability as permitted under
	6546	+	36 this chapter.
	6547	+	37 (b) A qualified individual may defer at least one hundred dollars
	6548	+	38 ($100), but not more than five hundred dollars ($500), of the
	6549	+	39 qualified individual's homestead property tax liability in a given
	6550	+	40 calendar year.
	6551	+	41 (c) Except as provided in subsections (d) and (f), amounts
	6552	+	42 deferred under this chapter for prior years may continue to
	6553	+	ES 1—LS 7244/DI 120 150
	6554	+	1 accumulate until the delayed due date under this chapter.
	6555	+	2 (d) A qualified individual may not defer more than ten thousand
	6556	+	3 dollars ($10,000) of the qualified individual's homestead property
	6557	+	4 tax liability over consecutive years.
	6558	+	5 (e) The county treasurer may accrue interest on a qualified
	6559	+	6 individual's deferred tax balance amount on a monthly basis not to
	6560	+	7 exceed four percent (4%) beginning on the date of the deferral.
	6561	+	8 (f) No deferral of homestead property tax liability shall be
	6562	+	9 granted if the total amount of deferred taxes under this chapter
	6563	+	10 plus the total amount of all other liens on the homestead property
	6564	+	11 plus the outstanding principal on all mortgages on the homestead
	6565	+	12 property exceed one hundred percent (100%) of the homestead's
	6566	+	13 assessed value.
	6567	+	14 (g) To be eligible for the homestead property tax deferral
	6568	+	15 program, a qualified individual must:
	6569	+	16 (1) submit with the homestead property tax deferral program
	6570	+	17 application the written approval of any holder of a lien on the
	6571	+	18 homestead property; and
	6572	+	19 (2) agree to not pay the individual's remaining non-deferred
	6573	+	20 payments by escrow.
	6574	+	21 Sec. 8. (a) Before October 1, 2025, the department of local
	6575	+	22 government finance shall prescribe and make available to the
	6576	+	23 public a tax deferral loan application and agreement that must be
	6577	+	24 used for purposes of this chapter.
	6578	+	25 (b) A qualified individual wishing to obtain a deferral of
	6579	+	26 homestead property tax liability for a calendar year must file with
	6580	+	27 the county auditor a completed loan application on or before
	6581	+	28 January 15 of the calendar year in which the property taxes are
	6582	+	29 first due and payable and enter into a tax deferral agreement with
	6583	+	30 the county auditor before March 1 of that year. Any recording fees
	6584	+	31 required by a county recorder to file the application shall be paid
	6585	+	32 by the taxpayer.
	6586	+	33 (c) An application for a deferral must be filed with the county
	6587	+	34 auditor in the county where the homestead is located. Upon the
	6588	+	35 filing of an application, the county auditor shall immediately:
	6589	+	36 (1) notify the county treasurer and transmit the information
	6590	+	37 that the county treasurer needs to match the application with
	6591	+	38 the county treasurer's records related to the homestead; and
	6592	+	39 (2) review the application to determine:
	6593	+	40 (A) whether the applicant qualifies for a deferral; and
	6594	+	41 (B) the amount that may be deferred.
	6595	+	42 (d) After an initial application, an applicant remains eligible for
	6596	+	ES 1—LS 7244/DI 120 151
	6597	+	1 a deferral in subsequent years so long as the applicant continues to
	6598	+	2 meet the eligibility requirements for deferral under this chapter.
	6599	+	3 Sec. 9. (a) If the applicant is qualified for a deferral, the county
	6600	+	4 auditor shall:
	6601	+	5 (1) approve the deferral in the lesser of:
	6602	+	6 (A) the amount requested by the applicant, which may not
	6603	+	7 be less than one hundred dollars ($100); or
	6604	+	8 (B) the maximum amount, which is five hundred dollars
	6605	+	9 ($500);
	6606	+	10 (2) provide for the recording of the deferral in the county
	6607	+	11 recorder's office specifying the amount of property tax
	6608	+	12 deferred; and
	6609	+	13 (3) notify the county treasurer and the department of local
	6610	+	14 government finance of the amount deferred.
	6611	+	15 (b) An applicant must enter into a tax deferral agreement with
	6612	+	16 the county auditor for each year that homestead property taxes are
	6613	+	17 deferred under this chapter.
	6614	+	18 (c) The recording of a deferral in the county recorder's office
	6615	+	19 shall constitute a lien on the homestead property.
	6616	+	20 Sec. 10. (a) Property taxes deferred under this chapter are due
	6617	+	21 and payable one hundred eighty (180) days after the date on which
	6618	+	22 a deferral termination event occurs.
	6619	+	23 (b) Subject to subsection (c), a deferral termination event occurs
	6620	+	24 on the earlier of the following dates:
	6621	+	25 (1) The first date on which the qualified individual who had a
	6622	+	26 qualified interest in the homestead when the property taxes
	6623	+	27 were deferred:
	6624	+	28 (A) ceases to use the homestead as the individual's
	6625	+	29 principal place of residence as provided in section 4(3) of
	6626	+	30 this chapter; or
	6627	+	31 (B) no longer has a qualified interest in the homestead.
	6628	+	32 (2) The date of the death of the qualified individual who had
	6629	+	33 a qualified interest in the homestead when property taxes
	6630	+	34 were deferred.
	6631	+	35 (c) This subsection applies only to a surviving spouse who was
	6632	+	36 not a qualified individual on the date on which property taxes were
	6633	+	37 deferred. If a deceased individual was a qualified individual on the
	6634	+	38 date on which property taxes were deferred, the deceased
	6635	+	39 individual's surviving spouse shall be treated after the deceased
	6636	+	40 individual's death as if the surviving spouse had been a qualified
	6637	+	41 individual on the date on which property taxes were deferred if:
	6638	+	42 (1) the homestead was the surviving spouse's principal place
	6639	+	ES 1—LS 7244/DI 120 152
	6640	+	1 of residence when the deceased qualified individual died; and
	6641	+	2 (2) the surviving spouse has a qualified interest in the
	6642	+	3 homestead not later than the later of:
	6643	+	4 (A) the date of the deceased individual's death; or
	6644	+	5 (B) the date on which the estate of the deceased individual
	6645	+	6 transfers any part of the ownership of the homestead from
	6646	+	7 the estate.
	6647	+	8 Sec. 11. Deferred property taxes and accrued interest may be
	6648	+	9 paid at any time on or before the delayed due date under section 10
	6649	+	10 of this chapter. Payment of deferred property taxes after the
	6650	+	11 delayed due date shall be collected in the same manner as
	6651	+	12 delinquent property taxes.
	6652	+	13 Sec. 12. (a) If a payment of deferred property taxes is made, the
	6653	+	14 county treasurer shall notify the county auditor, the county
	6654	+	15 recorder, and the state board of accounts on the form and in the
	6655	+	16 manner prescribed by the state board of accounts. Notice to the
	6656	+	17 county recorder must be in the form of a release of the lien on the
	6657	+	18 homestead for the deferred property taxes. Any payment of
	6658	+	19 deferred property taxes made within a particular installment
	6659	+	20 period must be delineated by taxing district throughout the
	6660	+	21 settlement process.
	6661	+	22 (b) When payment of deferred property taxes is made, the
	6662	+	23 deferred property taxes shall be apportioned and distributed
	6663	+	24 among the respective funds of the taxing units in the same manner
	6664	+	25 as other property taxes are apportioned and distributed in the
	6665	+	26 calendar year in which the payment of deferred property taxes is
	6666	+	27 made.
	6667	+	28 Sec. 13. Whenever an individual who is a qualified individual on
	6668	+	29 an assessment date for which property taxes were deferred:
	6669	+	30 (1) ceases to use the homestead as the individual's principal
	6670	+	31 place of residence as provided in section 4(3) of this chapter;
	6671	+	32 (2) ceases to have a qualified interest in the homestead; or
	6672	+	33 (3) changes the individual's qualified interest in the
	6673	+	34 homestead;
	6674	+	35 or a surviving spouse becomes a qualified individual, a person
	6675	+	36 responsible for paying the property taxes on the homestead shall
	6676	+	37 notify the county auditor in the county where the homestead is
	6677	+	38 located on the form and in the manner prescribed by the
	6678	+	39 department of local government finance. The county auditor shall
	6679	+	40 review the information filed under this section to determine
	6680	+	41 whether a deferral termination event has occurred.
	6681	+	42 Sec. 14. (a) If, as the result of the filing of information with the
	6682	+	ES 1—LS 7244/DI 120 153
	6683	+	1 county auditor or on the county auditor's own motion, the county
	6684	+	2 auditor determines that a deferral termination event has occurred,
	6685	+	3 the county auditor shall notify the county treasurer, the county
	6686	+	4 recorder, and the department of local government finance on the
	6687	+	5 form and in the manner prescribed by the department of local
	6688	+	6 government finance.
	6689	+	7 (b) A county auditor shall give written notice of each
	6690	+	8 determination under this chapter to the qualified individuals for
	6691	+	9 the affected homestead.
	6692	+	10 Sec. 15. The county recorder shall record the following without
	6693	+	11 charge in the miscellaneous records of the county recorder:
	6694	+	12 (1) A statement of the amount of property tax deferred.
	6695	+	13 (2) A statement of payment of deferred property taxes.
	6696	+	14 (3) A notice of termination of a deferral.
	6697	+	15 SECTION 86. IC 6-3-2-27.5, AS ADDED BY P.L.194-2023,
	6698	+	16 SECTION 16, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	6699	+	17 JULY 1, 2027]: Sec. 27.5. (a) As used in this section, "compensation"
	6700	+	18 means any wages, salaries, tips, or similar income that is subject to the
	6701	+	19 withholding requirements under IC 6-3-4-8, or would otherwise be
	6702	+	20 subject to the withholding requirements under IC 6-3-4-8 if not for the
	6703	+	21 application of:
	6704	+	22 (1) IC 6-3-4-8(d);
	6705	+	23 (2) IC 6-3-5; or
	6706	+	24 (3) this section.
	6707	+	25 (b) As used in this section, "professional athlete" means:
	6708	+	26 (1) an athlete, other than a team member (as defined in section
	6709	+	27 2.7(a)(4) of this chapter) or a race team member (as defined in
	6710	+	28 section 3.2(a)(4) of this chapter), who performs services in a
	6711	+	29 professional athletic event for compensation;
	6712	+	30 (2) a team member (as defined in section 2.7(a)(4) of this chapter)
	6713	+	31 who has at least one (1) duty day in Indiana during a taxable year;
	6714	+	32 or
	6715	+	33 (3) a race team member (as defined in section 3.2(a)(4) of this
	6716	+	34 chapter) who has at least one (1) duty day in Indiana during a
	6717	+	35 taxable year.
	6718	+	36 (c) As used in this section, "professional entertainer" means a
	6719	+	37 person who performs services in the professional performing arts for
	6720	+	38 compensation on a per-event basis.
	6721	+	39 (d) As used in this section, "public figure" means a person of
	6722	+	40 prominence who performs services at discrete events, including
	6723	+	41 speeches, public appearances, and similar events, for compensation on
	6724	+	42 a per-event basis.
	6725	+	ES 1—LS 7244/DI 120 154
	6726	+	1 (e) As used in this section, "time and attendance system" means a
	6727	+	2 system:
	6728	+	3 (1) through which an employee is required, on a contemporaneous
	6729	+	4 basis, to record the employee's work location for each day worked
	6730	+	5 outside the state in which the employee's employment duties are
	6731	+	6 primarily performed; and
	6732	+	7 (2) which is designed to allow the employer to allocate the
	6733	+	8 employee's compensation for income tax purposes among all
	6734	+	9 states in which the employee performs employment duties.
	6735	+	10 (f) Except as provided in subsection (j), compensation is exempt
	6736	+	11 from the adjusted gross income tax imposed under this article and
	6737	+	12 IC 6-3.6 if all of the following conditions are met:
	6738	+	13 (1) The individual is not a resident of Indiana at any time during
	6739	+	14 the calendar year in which the employee performs employment
	6740	+	15 duties.
	6741	+	16 (2) The individual receives compensation for employment duties
	6742	+	17 performed by the individual in Indiana for thirty (30) days or less
	6743	+	18 during the calendar year.
	6744	+	19 (3) The compensation is not paid for employment duties
	6745	+	20 performed by the individual in the individual's capacity as a
	6746	+	21 professional athlete, professional entertainer, or public figure.
	6747	+	22 (g) Except as otherwise provided in this section, an employer is not
	6748	+	23 required to withhold taxes imposed under this article or IC 6-3.6 from
	6749	+	24 compensation paid to an employee described in subsection (f).
	6750	+	25 However, if the number of days that an employee performs
	6751	+	26 employment duties in Indiana exceeds thirty (30) days, the employer
	6752	+	27 shall withhold and remit tax to the state of Indiana from all
	6753	+	28 compensation paid to the employee for every day on which the
	6754	+	29 employee performed employment duties in Indiana, including the first
	6755	+	30 thirty (30) days.
	6756	+	31 (h) The department may not require payment of any penalties
	6757	+	32 otherwise applicable for a failure to deduct and withhold income taxes
	6758	+	33 under IC 6-3-4-8, if, when making the determination of whether
	6759	+	34 withholding was required, either of the following applied:
	6760	+	35 (1) The employer relied on a time and attendance system
	6761	+	36 maintained by the employer specifically designed to allocate
	6762	+	37 employee wages for income tax purposes among all taxing
	6763	+	38 jurisdictions in which the employee performs employment duties
	6764	+	39 for the employer.
	6765	+	40 (2) The employer did not maintain a time and attendance system
	6766	+	41 and the employer relied on the employee's annual determination
	6767	+	42 of the time the employee expected to spend performing
	6768	+	ES 1—LS 7244/DI 120 155
	6769	+	1 employment duties in Indiana, if:
	6770	+	2 (A) the employer did not have actual knowledge of fraud on
	6771	+	3 the part of the employee in making the determination; and
	6772	+	4 (B) the employer and the employee did not collude to evade
	6773	+	5 taxation in making the determination.
	6774	+	6 An employer's maintaining of records as described in subdivision (1)
	6775	+	7 does not preclude an employer's ability to rely on an employee's
	6776	+	8 determination of the time the employee expected to spend performing
	6777	+	9 employment duties in Indiana as described in subdivision (2) when
	6778	+	10 making the determination of whether withholding is required.
	6779	+	11 (i) For purposes of this section:
	6780	+	12 (1) subject to subdivision (3), an employee shall be considered
	6781	+	13 present and performing employment duties within Indiana if the
	6782	+	14 employee performs more of the employee's employment duties
	6783	+	15 within Indiana than in any other state during a particular day;
	6784	+	16 (2) any portion of the day during which an employee is in transit
	6785	+	17 may not be considered in determining the location of the
	6786	+	18 employee's performance of employment duties; and
	6787	+	19 (3) if an employee performs employment duties in the employee's
	6788	+	20 state of residence and in only one (1) nonresident state during a
	6789	+	21 particular day, the employee shall be considered to have
	6790	+	22 performed more of the employee's employment duties in the
	6791	+	23 nonresident state than in the state of residence for that day.
	6792	+	24 (j) The following apply for purposes of this section:
	6793	+	25 (1) If an individual receives compensation for employment duties
	6794	+	26 performed by the individual both:
	6795	+	27 (A) in the individual's capacity as a professional athlete,
	6796	+	28 professional entertainer, or public figure; and
	6797	+	29 (B) in some capacity other than the individual's capacity as a
	6798	+	30 professional athlete, professional entertainer, or public figure;
	6799	+	31 the exemption under this section may not be applied to the portion
	6800	+	32 of compensation described in clause (B).
	6801	+	33 (2) If an employee is working at a location other than a physical
	6802	+	34 location of the employer, the employee shall be considered to be
	6803	+	35 working in the state or states in which the services for the
	6804	+	36 employer are performed, regardless of the physical location of the
	6805	+	37 employer.
	6806	+	38 (3) If an individual performs employment duties in Indiana for
	6807	+	39 more than thirty (30) days during a calendar year, compensation
	6808	+	40 received by the individual is not eligible for the exemption under
	6809	+	41 this section.
	6810	+	42 (4) If an individual performs substantially similar job duties for an
	6811	+	ES 1—LS 7244/DI 120 156
	6812	+	1 employer both while designated as an employee and in some
	6813	+	2 capacity other than as an employee during a calendar year, the
	6814	+	3 number of days for which the individual shall be considered to
	6815	+	4 have worked in Indiana with regard to that employer must be
	6816	+	5 determined by aggregating the days for which the individual
	6817	+	6 performed duties for the employer, whether designated as an
	6818	+	7 employee or not.
	6819	+	8 (5) If an employer or individual reasonably believes that an
	6820	+	9 individual is an employee for a calendar year but the individual is
	6821	+	10 later determined to not be an employee, the individual:
	6822	+	11 (A) is subject to tax under this article and IC 6-3.6 on any
	6823	+	12 income that otherwise would have been exempt under this
	6824	+	13 section; and
	6825	+	14 (B) is not subject to penalties under IC 6-3-4-4.1 or
	6826	+	15 IC 6-8.1-10-2.1 based on the inclusion of amounts claimed as
	6827	+	16 exempt under this section as income.
	6828	+	17 (6) If an individual is not a resident of Indiana, amounts paid for
	6829	+	18 vacation, sick, personal, or any other type of leave may not be
	6830	+	19 considered as compensation in Indiana, and any day for which a
	6831	+	20 type of leave is used may not be considered as a day for which the
	6832	+	21 individual performed services for an employer unless the
	6833	+	22 individual performed services for the employer in Indiana on that
	6834	+	23 day and the day would otherwise be counted as a day of services
	6835	+	24 performed in Indiana under this section.
	6836	+	25 (7) The exemption provided under this section shall not apply to
	6837	+	26 an individual's compensation that is deferred or delayed from a
	6838	+	27 previous calendar year to a subsequent calendar year unless:
	6839	+	28 (A) the individual was exempt from taxation under this section
	6840	+	29 on the compensation for the calendar year in which the
	6841	+	30 compensation was earned; and
	6842	+	31 (B) the individual is not a resident of Indiana when the
	6843	+	32 individual includes the compensation in the individual's
	6844	+	33 federal gross income.
	6845	+	34 (k) Nothing in this section may be construed to prevent an
	6846	+	35 individual from being considered a local taxpayer (as defined in
	6847	+	36 IC 6-3.6-2-13(2)), (as defined in IC 6-3.6), regardless of whether the
	6848	+	37 individual's compensation is exempt under this section.
	6849	+	38 SECTION 87. IC 6-3.5-4-1, AS AMENDED BY P.L.256-2017,
	6850	+	39 SECTION 3, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	6851	+	40 JULY 1, 2027]: Sec. 1. The following definitions apply throughout this
	6852	+	41 chapter:
	6853	+	42 (1) "Adopting entity" means either the county council or the local
	6854	+	ES 1—LS 7244/DI 120 157
	6855	+	1 income tax council established by IC 6-3.6-3-1 for the county,
	6856	+	2 whichever adopts an ordinance to impose a surtax first. the
	6857	+	3 adopting body specified in IC 6-3.6-3-1(a).
	6858	+	4 (2) "County council" includes the city-county council of a county
	6859	+	5 that contains a consolidated city of the first class.
	6860	+	6 (3) "Vehicle" has the meaning set forth in IC 6-6-5-1(b).
	6861	+	7 (4) "Net vehicle excise tax" means the tax due under IC 6-6-5
	6862	+	8 after the application of the adjustments and credits provided by
	6863	+	9 that chapter.
	6864	+	10 (5) "Surtax" means the county vehicle excise tax imposed by an
	6865	+	11 adopting entity under this chapter.
	6866	+	12 (6) "Transportation asset management plan" includes planning for
	6867	+	13 drainage systems and rights-of-way that affect transportation
	6868	+	14 assets.
	6869	+	15 SECTION 88. IC 6-3.5-4-1.1, AS AMENDED BY P.L.197-2016,
	6870	+	16 SECTION 35, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	6871	+	17 JULY 1, 2027]: Sec. 1.1. For purposes of acting as the adopting entity
	6872	+	18 under this chapter, a local income tax council is comprised of the same
	6873	+	19 members as the local income tax council that is established by
	6874	+	20 IC 6-3.6-3-1 for the county. The local income tax council adopting
	6875	+	21 entity shall use the same procedures that apply under IC 6-3.6-3 when
	6876	+	22 acting as an adopting entity under this chapter.
	6877	+	23 SECTION 89. IC 6-3.5-5-1, AS AMENDED BY P.L.256-2017,
	6878	+	24 SECTION 7, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	6879	+	25 JULY 1, 2027]: Sec. 1. The following definitions apply throughout this
	6880	+	26 chapter:
	6881	+	27 (1) "Adopting entity" means either the county council or the local
	6882	+	28 income tax council established by IC 6-3.6-3-1 for the county,
	6883	+	29 whichever adopts an ordinance to impose a wheel tax first. the
	6884	+	30 adopting body specified in IC 6-3.6-3-1(a).
	6885	+	31 (2) "Bus" has the meaning set forth in IC 9-13-2-17.
	6886	+	32 (3) "Commercial vehicle" has the meaning set forth in
	6887	+	33 IC 6-6-5.5-1(b).
	6888	+	34 (4) "County council" includes the city-county council of a county
	6889	+	35 that contains a consolidated city of the first class.
	6890	+	36 (5) "In-state miles" has the meaning set forth in IC 6-6-5.5-1(b).
	6891	+	37 (6) "Political subdivision" has the meaning set forth in
	6892	+	38 IC 34-6-2-110.
	6893	+	39 (7) "Recreational vehicle" has the meaning set forth in
	6894	+	40 IC 9-13-2-150.
	6895	+	41 (8) "School bus" has the meaning set forth in IC 9-13-2-161(a).
	6896	+	42 (9) "Semitrailer" has the meaning set forth in IC 9-13-2-164(a).
	6897	+	ES 1—LS 7244/DI 120 158
	6898	+	1 (10) "State agency" has the meaning set forth in IC 34-6-2-141.
	6899	+	2 (11) "Tractor" has the meaning set forth in IC 9-13-2-180.
	6900	+	3 (12) "Trailer" has the meaning set forth in IC 9-13-2-184(a).
	6901	+	4 (13) "Transportation asset management plan" includes planning
	6902	+	5 for drainage systems and rights-of-way that affect transportation
	6903	+	6 assets.
	6904	+	7 (14) "Truck" has the meaning set forth in IC 9-13-2-188(a).
	6905	+	8 (15) "Wheel tax" means the tax imposed under this chapter.
	6906	+	9 SECTION 90. IC 6-3.5-5-1.1, AS AMENDED BY P.L.197-2016,
	6907	+	10 SECTION 37, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	6908	+	11 JULY 1, 2027]: Sec. 1.1. For purposes of acting as the adopting entity
	6909	+	12 under this chapter, a local income tax council is comprised of the same
	6910	+	13 members as the local income tax council that is established by
	6911	+	14 IC 6-3.6-3-1 for the county. The local income tax council adopting
	6912	+	15 entity shall use the same procedures that apply under IC 6-3.6-3 when
	6913	+	16 acting as an adopting entity under this chapter.
	6914	+	17 SECTION 91. IC 6-3.6-1-1, AS AMENDED BY P.L.130-2018,
	6915	+	18 SECTION 28, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	6916	+	19 JULY 1, 2027]: Sec. 1. (a) The purpose of this article is to consolidate
	6917	+	20 and simplify the various local income tax laws (referred to as a "former
	6918	+	21 tax" in this article) that are in effect on May 1, 2016, into a uniform law
	6919	+	22 that transitions each county from the former taxes to the tax governed
	6920	+	23 by this article.
	6921	+	24 (b) Notwithstanding the effective date of the repeal of the former tax
	6922	+	25 laws on January 1, 2017, an adopting body may not adopt any
	6923	+	26 ordinances under a former tax after June 30, 2016. In addition,
	6924	+	27 notwithstanding the effective date of this article being July 1, 2015, an
	6925	+	28 adopting body may not take any action under this article before July 1,
	6926	+	29 2016.
	6927	+	30 (c) To carry out the transition, the office of management and budget,
	6928	+	31 along with the appropriate state agencies and in cooperation with each
	6929	+	32 county, shall do the following:
	6930	+	33 (1) Document all terms, conditions, limitations, and obligations
	6931	+	34 that exist under the former taxes.
	6932	+	35 (2) Categorize the tax rate under the former taxes into the
	6933	+	36 appropriate tax rate or rates under this article to provide revenue
	6934	+	37 for all the same purposes for which revenue under a former tax
	6935	+	38 was used in 2016, except to the extent required under this article
	6936	+	39 and to the extent that an adopting body takes action under this
	6937	+	40 article after June 30, 2016, to change the purposes and allocation
	6938	+	41 of the revenue as permitted under this article. Matching the
	6939	+	42 purposes of a former tax to the purposes under this article,
	6940	+	ES 1—LS 7244/DI 120 159
	6941	+	1 including the apportionment, allocation, and distribution of
	6942	+	2 revenue under this article shall be accomplished by using the best
	6943	+	3 information available. These purposes include, but are not limited
	6944	+	4 to, one (1) or more of the following:
	6945	+	5 (A) Property tax credits using the options set forth in
	6946	+	6 IC 6-3.6-5 (before its expiration). This categorization is
	6947	+	7 limited to former tax rates that were dedicated to providing
	6948	+	8 credits against property taxes under IC 6-3.5-1.1-26 (repealed),
	6949	+	9 IC 6-3.5-6 (repealed), or IC 6-3.5-7 (repealed).
	6950	+	10 (B) School corporation distributions and additional revenue.
	6951	+	11 All former tax rates not used for a specified project or
	6952	+	12 categorized under clause (A) shall be categorized under
	6953	+	13 IC 6-3.6-6 using the former tax rates or dollar amounts that
	6954	+	14 were dedicated for school corporation distributions, public
	6955	+	15 safety, economic development, and certified shares.
	6956	+	16 (C) A special purpose project (IC 6-3.6-7) using the former tax
	6957	+	17 rate that was dedicated to the project.
	6958	+	18 (d) The transition under this article shall be completed by August 1,
	6959	+	19 2016, for purposes of local government budgets for 2017 and for
	6960	+	20 purposes of the distribution and allocation of revenue under this article
	6961	+	21 after December 31, 2016.
	6962	+	22 SECTION 92. IC 6-3.6-1-1.5, AS ADDED BY P.L.197-2016,
	6963	+	23 SECTION 41, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	6964	+	24 JULY 1, 2027]: Sec. 1.5. (a) In counties that adopted a homestead
	6965	+	25 credit under IC 6-3.5-6-13 (before its repeal January 1, 2017), the
	6966	+	26 transition from the former taxes to the taxes governed under this article
	6967	+	27 shall include the transition of the homestead credit under IC 6-3.5-6-13
	6968	+	28 (before its repeal January 1, 2017) to a property tax relief rate under
	6969	+	29 IC 6-3.6-5 (before its expiration).
	6970	+	30 (b) To accomplish the transition under this section, the department
	6971	+	31 of local government finance shall determine the portion of the income
	6972	+	32 tax rate under IC 6-3.5-6-8 (before its repeal January 1, 2017) that is
	6973	+	33 attributable to the homestead credit approved under IC 6-3.5-6-13
	6974	+	34 (before its repeal January 1, 2017) and shall allocate that portion of the
	6975	+	35 income tax rate that is attributable to the homestead credit under
	6976	+	36 IC 6-3.5-6-13 (before its repeal January 1, 2017) to the property tax
	6977	+	37 relief rate under IC 6-3.6-5 (before its expiration).
	6978	+	38 (c) The department of local government finance shall notify each
	6979	+	39 affected county of the rate that will be allocated to the property tax
	6980	+	40 relief rate not later than July 1, 2016. In addition, the department of
	6981	+	41 local government finance shall notify the state budget agency of the
	6982	+	42 transition under this section.
	6983	+	ES 1—LS 7244/DI 120 160
	6984	+	1 (d) The approval of the local income tax council is not required for
	6985	+	2 the transition of the homestead credit under IC 6-3.5-6-13 (before its
	6986	+	3 repeal January 1, 2017) to a property tax relief rate as set forth in this
	6987	+	4 section.
	6988	+	5 (d) This section expires July 1, 2028.
	6989	+	6 SECTION 93. IC 6-3.6-1-3, AS AMENDED BY P.L.197-2016,
	6990	+	7 SECTION 42, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	6991	+	8 JULY 1, 2027]: Sec. 3. (a) Except to the extent that taxes imposed in
	6992	+	9 a county under or determined under:
	6993	+	10 (1) IC 6-3.5-1.1 (repealed);
	6994	+	11 (2) IC 6-3.5-1.5 (repealed);
	6995	+	12 (3) IC 6-3.5-6 (repealed); or
	6996	+	13 (4) IC 6-3.5-7 (repealed);
	6997	+	14 are increased, decreased, or rescinded under this article, the total tax
	6998	+	15 rate in effect in a county under the provisions described in subdivisions
	6999	+	16 (1) through (4) on May 1, 2016, continue in effect after May 1, 2016,
	7000	+	17 and shall be treated as taxes imposed under this article.
	7001	+	18 (b) Notwithstanding subsection (a) or any other provision of this
	7002	+	19 article, a property tax relief rate imposed in a county under
	7003	+	20 IC 6-3.6-5 (before its expiration) expires December 31, 2027.
	7004	+	21 SECTION 94. IC 6-3.6-1-4, AS AMENDED BY P.L.197-2016,
	7005	+	22 SECTION 43, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	7006	+	23 JULY 1, 2027]: Sec. 4. Notwithstanding:
	7007	+	24 (1) IC 6-3.5-1.1 (repealed);
	7008	+	25 (2) IC 6-3.5-1.5 (repealed);
	7009	+	26 (3) IC 6-3.5-6 (repealed); or
	7010	+	27 (4) IC 6-3.5-7 (repealed);
	7011	+	28 a change in a tax imposed under a provision described in subdivisions
	7012	+	29 (1) through (4), credits related to property taxes provided under
	7013	+	30 IC 6-3.6-5 (before its expiration), allocations of tax revenue, and
	7014	+	31 pledges for payment from tax revenue after December 31, 2016, must
	7015	+	32 be made under this article and not under the provisions described in
	7016	+	33 subdivisions (1) through (4).
	7017	+	34 SECTION 95. IC 6-3.6-2-2, AS AMENDED BY P.L.239-2017,
	7018	+	35 SECTION 14, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	7019	+	36 JANUARY 1, 2028]: Sec. 2. "Adjusted gross income" has the meaning
	7020	+	37 set forth in IC 6-3-1-3.5. However:
	7021	+	38 (1) except as provided in subdivision (3), in the case of a local
	7022	+	39 taxpayer who is not treated as a resident local taxpayer of a
	7023	+	40 county, the term includes only adjusted gross income derived
	7024	+	41 from the taxpayer's principal place of business or employment;
	7025	+	42 (2) (1) in the case of a resident local taxpayer of Perry County, the
	7026	+	ES 1—LS 7244/DI 120 161
	7027	+	1 term does not include adjusted gross income described in
	7028	+	2 IC 6-3.6-8-7; and
	7029	+	3 (3) (2) in the case of a local taxpayer described in section 13(3)
	7030	+	4 of this chapter, the term includes only that part of the individual's
	7031	+	5 total income that:
	7032	+	6 (A) is apportioned to Indiana under IC 6-3-2-2.7 or
	7033	+	7 IC 6-3-2-3.2; and
	7034	+	8 (B) is paid to the individual as compensation for services
	7035	+	9 rendered in the county (or municipality in the case of a local
	7036	+	10 income tax imposed under IC 6-3.6-6-22) as a team member
	7037	+	11 or race team member.
	7038	+	12 SECTION 96. IC 6-3.6-2-4 IS REPEALED [EFFECTIVE JULY 1,
	7039	+	13 2027]. Sec. 4. "Attributed allocation amount" equals the sum of the
	7040	+	14 following:
	7041	+	15 (1) The allocation amount of the civil taxing unit for that calendar
	7042	+	16 year.
	7043	+	17 (2) In the case of a county taxing unit, the welfare allocation
	7044	+	18 amount.
	7045	+	19 SECTION 97. IC 6-3.6-2-5, AS ADDED BY P.L.243-2015,
	7046	+	20 SECTION 10, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	7047	+	21 JULY 1, 2027]: Sec. 5. "Certified distribution" refers to the amount
	7048	+	22 certified under IC 6-3.6-9-5(b), IC 6-3.6-9-5(a), as adjusted under
	7049	+	23 IC 6-3.6-9.
	7050	+	24 SECTION 98. IC 6-3.6-2-7.4, AS AMENDED BY P.L.137-2024,
	7051	+	25 SECTION 1, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	7052	+	26 UPON PASSAGE]: Sec. 7.4. "County with a single voting bloc" means
	7053	+	27 a county that has a local income tax council in which one (1) city that
	7054	+	28 is a member of the local income tax council or one (1) town that is a
	7055	+	29 member of the local income tax council is allocated more than fifty
	7056	+	30 percent (50%) of the total one hundred (100) votes allocated under
	7057	+	31 IC 6-3.6-3-6(d). This section expires May 31, 2025. 2027.
	7058	+	32 SECTION 99. IC 6-3.6-2-12 IS REPEALED [EFFECTIVE JULY
	7059	+	33 1, 2027]. Sec. 12. "Local income tax council" means a council
	7060	+	34 established by IC 6-3.6-3-1.
	7061	+	35 SECTION 100. IC 6-3.6-2-13, AS AMENDED BY P.L.239-2017,
	7062	+	36 SECTION 15, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	7063	+	37 JANUARY 1, 2028]: Sec. 13. "Local taxpayer" as it relates to a
	7064	+	38 particular county, means any of the following:
	7065	+	39 (1) As it relates to a particular county (or municipality in the
	7066	+	40 case of a local income tax imposed under IC 6-3.6-6-22), an
	7067	+	41 individual who resides in that county (or municipality in the
	7068	+	42 case of a local income tax imposed under IC 6-3.6-6-22) on the
	7069	+	ES 1—LS 7244/DI 120 162
	7070	+	1 date specified in IC 6-3.6-8-3.
	7071	+	2 (2) As it relates to a particular county, an individual who
	7072	+	3 maintains the taxpayer's principal place of business or
	7073	+	4 employment in that county on the date specified in IC 6-3.6-8-3
	7074	+	5 and who does not reside on that same date in another county in
	7075	+	6 Indiana in which a tax under this article is in effect. However, for
	7076	+	7 purposes of a local income tax imposed by a municipality
	7077	+	8 under IC 6-3.6-6-22, the term does not include an individual
	7078	+	9 described in this subdivision.
	7079	+	10 (3) As it relates to a particular county, and only for purposes
	7080	+	11 of a rate imposed by a county under 6-3.6-6-2(b)(3), the term
	7081	+	12 includes an individual who:
	7082	+	13 (A) has income apportioned to Indiana as:
	7083	+	14 (i) a team member under IC 6-3-2-2.7; or
	7084	+	15 (ii) a race team member under IC 6-3-2-3.2;
	7085	+	16 for services rendered in the county; and
	7086	+	17 (B) is not described in subdivision (1) or (2).
	7087	+	18 SECTION 101. IC 6-3.6-2-15, AS ADDED BY P.L.243-2015,
	7088	+	19 SECTION 10, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	7089	+	20 JANUARY 1, 2028]: Sec. 15. "Resident local taxpayer", as it relates to
	7090	+	21 a particular county (or municipality in the case of a local income tax
	7091	+	22 imposed under IC 6-3.6-6-22), means any local taxpayer who resides
	7092	+	23 in that county (or municipality in the case of a local income tax
	7093	+	24 imposed under IC 6-3.6-6-22) on the date specified in IC 6-3.6-8-3.
	7094	+	25 SECTION 102. IC 6-3.6-3-1, AS AMENDED BY P.L.137-2024,
	7095	+	26 SECTION 2, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	7096	+	27 JULY 1, 2027]: Sec. 1. (a) The fiscal body of the county is the
	7097	+	28 adopting body for a county.
	7098	+	29 (b) The fiscal body of the city or town is the adopting body for
	7099	+	30 a city or town for purposes of adopting a municipal rate under
	7100	+	31 IC 6-3.6-6-22. following is the adopting body for a county:
	7101	+	32 (1) The local income tax council in a county in which the county
	7102	+	33 income tax council adopted either:
	7103	+	34 (A) a county option income tax under IC 6-3.5-6 (repealed)
	7104	+	35 that was in effect on January 1, 2015; or
	7105	+	36 (B) a county economic development income tax for the county
	7106	+	37 under IC 6-3.5-7 (repealed) that was in effect on January 1,
	7107	+	38 2015.
	7108	+	39 (2) The county fiscal body in any other county.
	7109	+	40 (3) The county fiscal body for purposes of adopting a rate
	7110	+	41 dedicated to paying for a PSAP in the county as permitted by
	7111	+	42 IC 6-3.6-6-2.5.
	7112	+	ES 1—LS 7244/DI 120 163
	7113	+	1 (4) The county fiscal body for purposes of adopting a rate
	7114	+	2 dedicated to paying for acute care hospitals in the county as
	7115	+	3 permitted by IC 6-3.6-6-2.6.
	7116	+	4 (5) The county fiscal body for purposes of adopting a rate
	7117	+	5 dedicated to paying for correctional facilities and rehabilitation
	7118	+	6 facilities in the county as permitted by IC 6-3.6-6-2.7.
	7119	+	7 (b) A local income tax council is established for each county. The
	7120	+	8 membership of each county's local income tax council consists of the
	7121	+	9 fiscal body of the county and the fiscal body of each city or town that
	7122	+	10 lies either partially or entirely within that county.
	7123	+	11 SECTION 103. IC 6-3.6-3-3, AS AMENDED BY P.L.236-2023,
	7124	+	12 SECTION 75, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	7125	+	13 JULY 1, 2027]: Sec. 3. (a) Except as provided in subsection (f), an
	7126	+	14 ordinance adopted by a county under this article takes effect as
	7127	+	15 provided in this section.
	7128	+	16 (b) An ordinance that adopts, increases, decreases, or rescinds a tax
	7129	+	17 or a tax rate takes effect as follows:
	7130	+	18 (1) An ordinance adopted after December 31 of the immediately
	7131	+	19 preceding year and before September 1 of the current year takes
	7132	+	20 effect on October 1 of the current year.
	7133	+	21 (2) An ordinance adopted after August 31 and before November
	7134	+	22 1 of the current year takes effect on January 1 of the following
	7135	+	23 year.
	7136	+	24 (3) An ordinance adopted after October 31 of the current year and
	7137	+	25 before January 1 of the following year takes effect on October 1
	7138	+	26 of the following year.
	7139	+	27 (1) An ordinance adopted on or before October 1 of a
	7140	+	28 calendar year shall take effect on January 1 of the calendar
	7141	+	29 year that immediately succeeds the year in which the
	7142	+	30 ordinance is adopted.
	7143	+	31 (2) An ordinance adopted after October 1 of a calendar year
	7144	+	32 shall take effect on January 1 of the second succeeding
	7145	+	33 calendar year following the year the ordinance is adopted.
	7146	+	34 However, an ordinance adopted to impose a tax rate under
	7147	+	35 IC 6-3.6-6-2(b)(3) or IC 6-3.6-6-2(b)(4) must be adopted on or
	7148	+	36 before October 1 of a calendar year.
	7149	+	37 (c) An ordinance that grants, increases, decreases, rescinds, or
	7150	+	38 changes a credit against the property tax liability of a taxpayer under
	7151	+	39 IC 6-3.6-5 (before its expiration) takes effect as follows:
	7152	+	40 (1) An ordinance adopted after December 31 of the immediately
	7153	+	41 preceding year and before November 2 of the current year takes
	7154	+	42 effect on January 1 of, and applies to property taxes first due and
	7155	+	ES 1—LS 7244/DI 120 164
	7156	+	1 payable in, the year immediately following the year in which the
	7157	+	2 ordinance is adopted.
	7158	+	3 (2) An ordinance adopted after November 1 of the current year
	7159	+	4 and before January 1 of the immediately succeeding year takes
	7160	+	5 effect on January 1 of, and applies to property taxes first due and
	7161	+	6 payable in, the year that follows the current year by two (2) years.
	7162	+	7 This subsection expires December 31, 2027.
	7163	+	8 (d) An ordinance that grants, increases, decreases, rescinds, or
	7164	+	9 changes a distribution or allocation of taxes takes effect as follows:
	7165	+	10 (1) An ordinance adopted after December 31 of the immediately
	7166	+	11 preceding year and before November 2 of the current year takes
	7167	+	12 effect January 1 of the year immediately following the year in
	7168	+	13 which the ordinance is adopted.
	7169	+	14 (2) An ordinance adopted after November 1 of the current year
	7170	+	15 and before January 1 of the immediately succeeding year takes
	7171	+	16 effect January 1 of the year that follows the current year by two
	7172	+	17 (2) years.
	7173	+	18 (1) An ordinance adopted on or before October 1 of a
	7174	+	19 calendar year shall take effect on January 1 of the calendar
	7175	+	20 year that immediately succeeds the year in which the
	7176	+	21 ordinance is adopted.
	7177	+	22 (2) An ordinance adopted after October 1 of a calendar year
	7178	+	23 shall take effect on January 1 of the second succeeding
	7179	+	24 calendar year following the year the ordinance is adopted.
	7180	+	25 (e) An ordinance not described in subsections (b) through (d) takes
	7181	+	26 effect as provided under IC 36 for other ordinances of the
	7182	+	27 governmental entity adopting the ordinance.
	7183	+	28 (f) An ordinance described in section 7(e) or 7.5(e) of this chapter
	7184	+	29 that changes a tax rate or changes the allocation of revenue received
	7185	+	30 from a tax rate does not take effect as provided under this section if the
	7186	+	31 county adopting body fails to meet the required deadlines for notice
	7187	+	32 described in section 7(e) or 7.5(e) of this chapter. If an ordinance does
	7188	+	33 not take effect, the tax rate or allocation, as applicable, that is subject
	7189	+	34 to the proposed change in the ordinance shall be the lesser of the:
	7190	+	35 (1) applicable distribution schedule for the certified distribution
	7191	+	36 for the upcoming calendar year; or
	7192	+	37 (2) applicable distribution schedule for the certified distribution
	7193	+	38 for the current calendar year;
	7194	+	39 unless, or until, a subsequent ordinance is adopted and the required
	7195	+	40 deadlines for notice described in section 7(e) or 7.5(e) of this chapter
	7196	+	41 are met. This subsection expires January 1, 2025.
	7197	+	42 SECTION 104. IC 6-3.6-3-3.3 IS ADDED TO THE INDIANA
	7198	+	ES 1—LS 7244/DI 120 165
	7199	+	1 CODE AS A NEW SECTION TO READ AS FOLLOWS
	7200	+	2 [EFFECTIVE JULY 1, 2027]: Sec. 3.3. (a) This section applies to an
	7201	+	3 ordinance adopted by a city or town that adopts, increases,
	7202	+	4 decreases, or rescinds a tax or a tax rate under IC 6-3.6-6-22.
	7203	+	5 (b) An ordinance adopted by a city or town on or before
	7204	+	6 October 1 of a calendar year shall take effect on January 1 of the
	7205	+	7 calendar year that immediately succeeds the year in which the
	7206	+	8 ordinance is adopted.
	7207	+	9 (c) An ordinance adopted by a city or town after October 1 of a
	7208	+	10 calendar year shall take effect on January 1 of the second
	7209	+	11 succeeding calendar year following the year the ordinance is
	7210	+	12 adopted.
	7211	+	13 SECTION 105. IC 6-3.6-3-4, AS AMENDED BY P.L.236-2023,
	7212	+	14 SECTION 76, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	7213	+	15 JULY 1, 2027]: Sec. 4. (a) Except for a tax rate that has an expiration
	7214	+	16 date, and except as provided in section 3(f) of this chapter (before its
	7215	+	17 expiration), a tax rate remains in effect until the effective date of an
	7216	+	18 ordinance that increases, decreases, or rescinds that tax rate.
	7217	+	19 (b) A tax rate may not be changed more than once each year under
	7218	+	20 this article.
	7219	+	21 (c) A local income tax expenditure tax rate that is imposed in a
	7220	+	22 county under IC 6-3.6-6 continues in effect after December 31,
	7221	+	23 2027, only if the adopting body adopts an ordinance to renew the
	7222	+	24 expenditure tax rate beginning January 1, 2028. An ordinance
	7223	+	25 under this subsection must be adopted by the adopting body on or
	7224	+	26 before October 1, 2027, as set forth in section 3(b)(1) of this
	7225	+	27 chapter. However, this subsection shall not be construed to
	7226	+	28 prohibit an adopting body that fails to adopt an ordinance to
	7227	+	29 continue an expenditure tax rate after December 31, 2027, from
	7228	+	30 adopting an ordinance under this article to impose, renew, or
	7229	+	31 modify an expenditure tax rate under IC 6-3.6-6 beginning
	7230	+	32 January 1, 2029, or any year thereafter.
	7231	+	33 SECTION 106. IC 6-3.6-3-5, AS AMENDED BY P.L.137-2024,
	7232	+	34 SECTION 3, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	7233	+	35 JULY 1, 2027]: Sec. 5. (a) The auditor of a county (or the fiscal
	7234	+	36 officer of a municipality in the case of a local income tax imposed
	7235	+	37 under IC 6-3.6-6-22) shall record all votes taken on ordinances
	7236	+	38 presented for a vote under this article and not more than ten (10) days
	7237	+	39 after the vote, send a certified copy of the results to:
	7238	+	40 (1) the commissioner of the department of state revenue; and
	7239	+	41 (2) the commissioner of the department of local government
	7240	+	42 finance;
	7241	+	ES 1—LS 7244/DI 120 166
	7242	+	1 in an electronic format approved by the commissioner of the
	7243	+	2 department of local government finance.
	7244	+	3 (b) Except as provided in subsection (c), this subsection applies only
	7245	+	4 to a county that has a local income tax council. The county auditor may
	7246	+	5 cease sending certified copies after the county auditor sends a certified
	7247	+	6 copy of results showing that members of the local income tax council
	7248	+	7 have cast a majority of the votes on the local income tax council for or
	7249	+	8 against the proposed ordinance.
	7250	+	9 (c) This subsection applies only to a county with a single voting bloc
	7251	+	10 that proposes to increase (but not decrease) a tax rate in the county. The
	7252	+	11 county auditor may cease sending certified copies of the votes on the
	7253	+	12 local income tax council voting as a whole under section 9.5 of this
	7254	+	13 chapter after the county auditor sends a certified copy of results
	7255	+	14 showing that the individuals who sit on the fiscal bodies of the county,
	7256	+	15 cities, and towns that are members of the local income tax council have
	7257	+	16 cast a majority of the votes on the local income tax council voting as a
	7258	+	17 whole under section 9.5 of this chapter for or against the proposed
	7259	+	18 ordinance. This subsection expires May 31, 2025.
	7260	+	19 SECTION 107. IC 6-3.6-3-6 IS REPEALED [EFFECTIVE JULY
	7261	+	20 1, 2027]. Sec. 6. (a) This section applies to a county in which the
	7262	+	21 county adopting body is a local income tax council.
	7263	+	22 (b) In the case of a city or town that lies within more than one (1)
	7264	+	23 county, the county auditor of each county shall base the allocations
	7265	+	24 required by subsections (d) and (e) on the population of that part of the
	7266	+	25 city or town that lies within the county for which the allocations are
	7267	+	26 being made.
	7268	+	27 (c) Each local income tax council has a total of one hundred (100)
	7269	+	28 votes.
	7270	+	29 (d) Each county, city, or town that is a member of a local income tax
	7271	+	30 council is allocated a percentage of the total one hundred (100) votes
	7272	+	31 that may be cast. The percentage that a city or town is allocated for a
	7273	+	32 year equals the same percentage that the population of the city or town
	7274	+	33 bears to the population of the county. The percentage that the county
	7275	+	34 is allocated for a year equals the same percentage that the population
	7276	+	35 of all areas in the county not located in a city or town bears to the
	7277	+	36 population of the county.
	7278	+	37 (e) This subsection applies only to a county with a single voting
	7279	+	38 bloc. Each individual who sits on the fiscal body of a county, city, or
	7280	+	39 town that is a member of the local income tax council is allocated for
	7281	+	40 a year the number of votes equal to the total number of votes allocated
	7282	+	41 to the particular county, city, or town under subsection (d) divided by
	7283	+	42 the number of members on the fiscal body of the county, city, or town.
	7284	+	ES 1—LS 7244/DI 120 167
	7285	+	1 This subsection expires May 31, 2025.
	7286	+	2 (f) On or before January 1 of each year, the county auditor shall
	7287	+	3 certify to each member of the local income tax council the number of
	7288	+	4 votes, rounded to the nearest one hundredth (0.01), each member has
	7289	+	5 for that year.
	7290	+	6 (g) This subsection applies only to a county with a single voting
	7291	+	7 bloc. On or before January 1 of each year, in addition to the
	7292	+	8 certification to each member of the local income tax council under
	7293	+	9 subsection (f), the county auditor shall certify to each individual who
	7294	+	10 sits on the fiscal body of each county, city, or town that is a member of
	7295	+	11 the local income tax council the number of votes, rounded to the
	7296	+	12 nearest one hundredth (0.01), each individual has under subsection (e)
	7297	+	13 for that year. This subsection expires May 31, 2025.
	7298	+	14 SECTION 108. IC 6-3.6-3-7 IS REPEALED [EFFECTIVE JULY
	7299	+	15 1, 2027]. Sec. 7. (a) This section applies to a county in which the
	7300	+	16 county adopting body is a local income tax council.
	7301	+	17 (b) Before a member of the local income tax council may propose
	7302	+	18 an ordinance under section 8 of this chapter, or vote on a proposed
	7303	+	19 ordinance (including a proposed ordinance under section 8(e) of this
	7304	+	20 chapter that is being considered by the local income tax council as a
	7305	+	21 whole as required under section 9.5 of this chapter (before its
	7306	+	22 expiration)), the member must hold a public hearing on the proposed
	7307	+	23 ordinance and provide the public with notice of the time and place
	7308	+	24 where the public hearing will be held.
	7309	+	25 (c) The notice required by subsection (b) must be given in
	7310	+	26 accordance with IC 5-3-1 and include the proposed ordinance or
	7311	+	27 resolution to propose an ordinance.
	7312	+	28 (d) In addition to the notice required by subsection (b), the adopting
	7313	+	29 body shall also provide a copy of the notice to all taxing units in the
	7314	+	30 county at least ten (10) days before the public hearing.
	7315	+	31 (e) If a county adopting body makes any fiscal decision that has a
	7316	+	32 financial impact to an underlying local taxing unit, the decision must
	7317	+	33 be made, and notice must be given to the affected local taxing unit, by
	7318	+	34 August 1 of a year. If a county adopting body passes an ordinance
	7319	+	35 changing the allocation of local income tax revenue to a local taxing
	7320	+	36 unit, the county adopting body must provide direct notice, in addition
	7321	+	37 to the public notice described in subsection (b), to the affected local
	7322	+	38 taxing unit within fifteen (15) days of the passage of the ordinance. The
	7323	+	39 county adopting body must provide confirmation to the department of
	7324	+	40 state revenue and the department of local government finance that
	7325	+	41 direct notice was provided to the affected local taxing units within
	7326	+	42 fifteen (15) days of the passage of the ordinance.
	7327	+	ES 1—LS 7244/DI 120 168
	7328	+	1 SECTION 109. IC 6-3.6-3-8 IS REPEALED [EFFECTIVE JULY
	7329	+	2 1, 2027]. Sec. 8. (a) This section applies to a county in which the
	7330	+	3 county adopting body is a local income tax council.
	7331	+	4 (b) Except as provided in subsection (e), any member of a local
	7332	+	5 income tax council may present an ordinance for passage. To do so, the
	7333	+	6 member must adopt a resolution to propose the ordinance to the local
	7334	+	7 income tax council and distribute a copy of the proposed ordinance to
	7335	+	8 the county auditor. The county auditor shall treat any proposed
	7336	+	9 ordinance distributed to the auditor under this section as a casting of all
	7337	+	10 that member's votes in favor of the proposed ordinance.
	7338	+	11 (c) Except as provided in subsection (f), the county auditor shall
	7339	+	12 deliver copies of a proposed ordinance the auditor receives to all
	7340	+	13 members of the local income tax council within ten (10) days after
	7341	+	14 receipt. Subject to subsection (d), once a member receives a proposed
	7342	+	15 ordinance from the county auditor, the member shall vote on it within
	7343	+	16 thirty (30) days after receipt.
	7344	+	17 (d) Except as provided in subsection (h), if, before the elapse of
	7345	+	18 thirty (30) days after receipt of a proposed ordinance, the county
	7346	+	19 auditor notifies the member that the members of the local income tax
	7347	+	20 council have cast a majority of the votes on the local income tax
	7348	+	21 council for or against the proposed ordinance the member need not
	7349	+	22 vote on the proposed ordinance.
	7350	+	23 (e) This subsection applies only to a county with a single voting bloc
	7351	+	24 that proposes to increase (but not decrease) a tax rate in the county. The
	7352	+	25 fiscal body of any county, city, or town that is a member of a local
	7353	+	26 income tax council may adopt a resolution to propose an ordinance to
	7354	+	27 increase a tax rate in the county to be voted on by the local income tax
	7355	+	28 council as a whole as required under section 9.5 of this chapter and
	7356	+	29 distribute a copy of the proposed ordinance to the county auditor. The
	7357	+	30 county auditor shall treat the vote tally on the resolution adopted under
	7358	+	31 this subsection for each individual who is a member of the fiscal body
	7359	+	32 of the county, city, or town as the voting record for that individual
	7360	+	33 either for or against the ordinance being proposed for consideration by
	7361	+	34 the local income tax council as a whole under section 9.5 of this
	7362	+	35 chapter. This subsection expires May 31, 2025.
	7363	+	36 (f) This subsection applies only to a county with a single voting bloc
	7364	+	37 that proposes to increase (but not decrease) a tax rate in the county. The
	7365	+	38 county auditor shall deliver copies of a proposed ordinance the auditor
	7366	+	39 receives under subsection (e) to the fiscal officers of all members of the
	7367	+	40 local income tax council (other than the member proposing the
	7368	+	41 ordinance under subsection (e)) within ten (10) days after receipt.
	7369	+	42 Subject to subsection (h), once a member receives a proposed
	7370	+	ES 1—LS 7244/DI 120 169
	7371	+	1 ordinance from the county auditor, the member shall vote on it within
	7372	+	2 thirty (30) days after receipt. This subsection expires May 31, 2025.
	7373	+	3 (g) This subsection applies only to a county with a single voting
	7374	+	4 bloc that proposes to increase (but not decrease) a tax rate in the
	7375	+	5 county. The fiscal body of each county, city, or town voting on a
	7376	+	6 resolution to propose an ordinance under subsection (e), or voting on
	7377	+	7 a proposed ordinance being considered by the local income tax council
	7378	+	8 as a whole under section 9.5 of this chapter, must take a roll call vote
	7379	+	9 on the resolution or the proposed ordinance. If an individual who sits
	7380	+	10 on the fiscal body is absent from the meeting in which a vote is taken
	7381	+	11 or abstains from voting on the resolution or proposed ordinance, the
	7382	+	12 fiscal officer of the county, city, or town shall nevertheless consider
	7383	+	13 that individual's vote as a "no" vote against the resolution or the
	7384	+	14 proposed ordinance being considered, whichever is applicable, for
	7385	+	15 purposes of the vote tally under this section and shall note on the vote
	7386	+	16 tally that the individual's "no" vote is due to absence or abstention. The
	7387	+	17 fiscal body of each county, city, or town shall certify the roll call vote
	7388	+	18 on a resolution or a proposed ordinance, either for or against, to the
	7389	+	19 county auditor as set forth under this chapter. This subsection expires
	7390	+	20 May 31, 2025.
	7391	+	21 (h) This subsection applies only to a county with a single voting
	7392	+	22 bloc that proposes to increase (but not decrease) a tax rate in the
	7393	+	23 county. If, before the elapse of thirty (30) days after receipt of a
	7394	+	24 proposed ordinance under subsection (e), the county auditor notifies
	7395	+	25 the member that the individuals who sit on the fiscal bodies of the
	7396	+	26 county, cities, and towns that are members of the local income tax
	7397	+	27 council have cast a majority of the votes on the local income tax
	7398	+	28 council for or against a proposed ordinance voting as a whole under
	7399	+	29 section 9.5 of this chapter, the member need not vote on the proposed
	7400	+	30 ordinance under subsection (e). This subsection expires May 31, 2025.
	7401	+	31 SECTION 110. IC 6-3.6-3-9 IS REPEALED [EFFECTIVE JULY
	7402	+	32 1, 2027]. Sec. 9. (a) Except as provided in subsection (d), this section
	7403	+	33 applies to a county in which the county adopting body is a local income
	7404	+	34 tax council.
	7405	+	35 (b) A member of the local income tax council may exercise its votes
	7406	+	36 by passing a resolution and transmitting the resolution to the county
	7407	+	37 auditor.
	7408	+	38 (c) A resolution passed by a member of the local income tax council
	7409	+	39 exercises all votes of the member on the proposed ordinance, and those
	7410	+	40 votes may not be changed during the year.
	7411	+	41 (d) This section does not apply to a county in which the county
	7412	+	42 adopting body is a local income tax council to which section 9.5 of this
	7413	+	ES 1—LS 7244/DI 120 170
	7414	+	1 chapter applies. This subsection expires May 31, 2024.
	7415	+	2 SECTION 111. IC 6-3.6-3-9.5, AS AMENDED BY P.L.137-2024,
	7416	+	3 SECTION 6, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	7417	+	4 UPON PASSAGE]: Sec. 9.5. (a) This section applies to a county:
	7418	+	5 (1) in which the county adopting body is a local income tax
	7419	+	6 council;
	7420	+	7 (2) that is a county with a single voting bloc; and
	7421	+	8 (3) that proposes to increase a tax rate in the county.
	7422	+	9 However, the provisions under section 9 of this chapter shall apply to
	7423	+	10 a county described in subdivisions (1) and (2) that proposes to decrease
	7424	+	11 a tax rate in the county.
	7425	+	12 (b) A local income tax council described in subsection (a) must vote
	7426	+	13 as a whole to exercise its authority to increase a tax rate under this
	7427	+	14 article.
	7428	+	15 (c) A resolution passed by the fiscal body of a county, city, or town
	7429	+	16 that is a member of the local income tax council exercises the vote of
	7430	+	17 each individual who sits on the fiscal body of the county, city, or town
	7431	+	18 on the proposed ordinance, and the individual's vote may not be
	7432	+	19 changed during the year.
	7433	+	20 (d) This section expires May 31, 2025. 2027.
	7434	+	21 SECTION 112. IC 6-3.6-3-10 IS REPEALED [EFFECTIVE JULY
	7435	+	22 1, 2027]. Sec. 10. (a) This section applies to a county in which the
	7436	+	23 county adopting body is a local income tax council.
	7437	+	24 (b) A local income tax council may pass only one (1) ordinance
	7438	+	25 adopting, increasing, decreasing, or rescinding a tax in one (1) year.
	7439	+	26 Once the ordinance has been passed, the county auditor shall:
	7440	+	27 (1) cease distributing those types of proposed ordinances for the
	7441	+	28 rest of the year; and
	7442	+	29 (2) withdraw from the membership any other of those types of
	7443	+	30 proposed ordinances.
	7444	+	31 Any votes subsequently received by the county auditor on those types
	7445	+	32 of proposed ordinances during that same year are void.
	7446	+	33 (c) The local income tax council may not vote on, nor may the
	7447	+	34 county auditor distribute to the members of the local income tax
	7448	+	35 council, any proposed ordinance during a year, if previously during that
	7449	+	36 same year the county auditor received and distributed to the members
	7450	+	37 of the local income tax council a proposed ordinance whose passage
	7451	+	38 would have substantially the same effect.
	7452	+	39 SECTION 113. IC 6-3.6-4-1, AS ADDED BY P.L.243-2015,
	7453	+	40 SECTION 10, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	7454	+	41 JANUARY 1, 2028]: Sec. 1. (a) Except as otherwise provided in
	7455	+	42 IC 6-3.6-6-22, a tax is imposed on the adjusted gross income of local
	7456	+	ES 1—LS 7244/DI 120 171
	7457	+	1 taxpayers at a tax rate that is a sum of the tax rates imposed by the
	7458	+	2 county's adopting body and in effect in the county.
	7459	+	3 (b) Except as otherwise provided in IC 6-3.6-6-22, the combined
	7460	+	4 tax rates imposed under IC 6-3.6-5 (before its expiration), IC 6-3.6-6,
	7461	+	5 and IC 6-3.6-7 constitute the tax imposed on the adjusted gross income
	7462	+	6 of local taxpayers in the county.
	7463	+	7 (c) In addition to the tax imposed in the county under subsection
	7464	+	8 (a), a tax is imposed on the adjusted gross income of local
	7465	+	9 taxpayers in a municipality at a tax rate that is imposed by the
	7466	+	10 municipality under IC 6-3.6-6-22 and in effect in the municipality.
	7467	+	11 SECTION 114. IC 6-3.6-4-2, AS ADDED BY P.L.243-2015,
	7468	+	12 SECTION 10, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	7469	+	13 JANUARY 1, 2028]: Sec. 2. Subject to section 3 of this chapter, a tax
	7470	+	14 rate authorized under IC 6-3.6-5, IC 6-3.6-6 or IC 6-3.6-7 may be
	7471	+	15 adopted, increased, decreased, or rescinded without adopting,
	7472	+	16 increasing, decreasing, or rescinding a tax rate authorized by either of
	7473	+	17 the two (2) other chapters. chapter. However, an adopting body may:
	7474	+	18 (1) adopt, increase, decrease, or rescind a tax authorized under a
	7475	+	19 particular chapter of this article; and
	7476	+	20 (2) adopt, increase, decrease, or rescind a tax authorized under
	7477	+	21 another chapter of this article;
	7478	+	22 in the same ordinance.
	7479	+	23 SECTION 115. IC 6-3.6-4-3, AS ADDED BY P.L.243-2015,
	7480	+	24 SECTION 10, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	7481	+	25 JANUARY 1, 2028]: Sec. 3. If there are bonds or leases outstanding
	7482	+	26 that are payable from a tax imposed under IC 6-3.5-1.1 (before its
	7483	+	27 repeal January 1, 2017), IC 6-3.5-6 (before its repeal January 1, 2017),
	7484	+	28 IC 6-3.5-7 (before its repeal January 1, 2017), IC 6-3.6-6, or IC 6-3.6-7,
	7485	+	29 (but not IC 6-3.6-5), the adopting body may not reduce the tax rate
	7486	+	30 below a rate that would produce one and twenty-five hundredths (1.25)
	7487	+	31 times the total of the highest annual outstanding debt service plus the
	7488	+	32 highest annual lease payments plus any amount required under the
	7489	+	33 agreements for the bonds or leases to be deposited in a sinking fund or
	7490	+	34 other reserve, unless:
	7491	+	35 (1) the adopting body; or
	7492	+	36 (2) any city, town, or county;
	7493	+	37 pledges all or a part of its share of revenues from the tax imposed under
	7494	+	38 IC 6-3.6-6 or IC 6-3.6-7 (but not IC 6-3.6-5) for the life of the bonds or
	7495	+	39 the term of the lease, in an amount that is sufficient, when combined
	7496	+	40 with the amount pledged by the city, town, or county that issued the
	7497	+	41 bonds, to produce one and twenty-five hundredths (1.25) times the total
	7498	+	42 of the highest annual outstanding debt service plus the highest annual
	7499	+	ES 1—LS 7244/DI 120 172
	7500	+	1 lease payments plus the amount required under the agreements for the
	7501	+	2 bonds or leases to be deposited in a sinking fund or other reserve.
	7502	+	3 SECTION 116. IC 6-3.6-5-7 IS ADDED TO THE INDIANA CODE
	7503	+	4 AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JULY
	7504	+	5 1, 2027]: Sec. 7. This chapter expires December 31, 2027.
	7505	+	6 SECTION 117. IC 6-3.6-6-0.5 IS ADDED TO THE INDIANA
	7506	+	7 CODE AS A NEW SECTION TO READ AS FOLLOWS
	7507	+	8 [EFFECTIVE JULY 1, 2027]: Sec. 0.5. As used in this chapter,
	7508	+	9 "nonmunicipal civil taxing unit" means townships, libraries, and
	7509	+	10 all other civil taxing units that imposed an ad valorem property tax
	7510	+	11 levy in the county for the calendar year preceding the distribution
	7511	+	12 year, except that the term does not include counties, cities, towns,
	7512	+	13 or school corporations. The term does include those civil taxing
	7513	+	14 units whose budgets require binding review by another local unit.
	7514	+	15 SECTION 118. IC 6-3.6-6-2, AS ADDED BY P.L.243-2015,
	7515	+	16 SECTION 10, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	7516	+	17 JULY 1, 2027]: Sec. 2. (a) This section applies to all counties.
	7517	+	18 (b) The adopting body may impose a tax rate under this chapter that
	7518	+	19 does not exceed:
	7519	+	20 (1) two and five-tenths percent (2.5%) in all counties other than
	7520	+	21 Marion County; and
	7521	+	22 (2) two and seventy-five hundredths percent (2.75%) in Marion
	7522	+	23 County;
	7523	+	24 on the adjusted gross income of local taxpayers in the county served by
	7524	+	25 the adopting body.
	7525	+	26 (b) The adopting body may by ordinance and subject to
	7526	+	27 subsections (c) through (e) impose one (1) or more of the following
	7527	+	28 component rates not to exceed a total expenditure tax rate under
	7528	+	29 this chapter of two and nine-tenths percent (2.9%) on the adjusted
	7529	+	30 gross income of taxpayers who reside in the county:
	7530	+	31 (1) A tax rate not to exceed one and two-tenths percent (1.2%)
	7531	+	32 for general purpose revenue for county services (as provided
	7532	+	33 in section 4 of this chapter), subject to subsection (c).
	7533	+	34 (2) A tax rate not to exceed four-tenths of one percent (0.4%)
	7534	+	35 for providers of fire protection and emergency medical
	7535	+	36 services located within the county (as provided in section 4.3
	7536	+	37 of this chapter), subject to subsection (c).
	7537	+	38 (3) A tax rate not to exceed two-tenths of one percent (0.2%)
	7538	+	39 for general purpose revenue for distribution to nonmunicipal
	7539	+	40 civil taxing units (excluding fire protection districts) located
	7540	+	41 within the county (as provided in section 4.5 of this chapter),
	7541	+	42 subject to subsection (c).
	7542	+	ES 1—LS 7244/DI 120 173
	7543	+	1 (4) A tax rate not to exceed one and two-tenths percent (1.2%)
	7544	+	2 for general purpose revenue for municipal services for
	7545	+	3 distribution to municipalities located within the county that
	7546	+	4 are not eligible to adopt a municipal tax rate under section 22
	7547	+	5 of this chapter or that have made an election under section
	7548	+	6 23(b)(3) of this chapter to be treated as such.
	7549	+	7 (c) The combined component rates imposed by an adopting
	7550	+	8 body under subsection (b)(1) through (b)(3) shall not exceed one
	7551	+	9 and seven-tenths percent (1.7%).
	7552	+	10 (d) A tax rate adopted under subsection (b)(4) may only be
	7553	+	11 imposed on taxpayers who do not reside in a municipality that is
	7554	+	12 eligible to adopt a municipal tax rate under section 22 of this
	7555	+	13 chapter.
	7556	+	14 (e) Beginning after December 31, 2030, a tax rate imposed under
	7557	+	15 subsection (b) shall expire on December 31 of each calendar year.
	7558	+	16 An adopting body wishing to continue, increase, or decrease a tax
	7559	+	17 rate in the succeeding year must pass an ordinance to readopt a tax
	7560	+	18 rate in accordance with IC 6-3.6-3-3. This subsection applies
	7561	+	19 regardless of whether there is a modification in the tax rate or the
	7562	+	20 component rates or the rates are unchanged from the previous
	7563	+	21 year.
	7564	+	22 SECTION 119. IC 6-3.6-6-2.5 IS REPEALED [EFFECTIVE
	7565	+	23 JANUARY 1, 2028]. Sec. 2.5. (a) This section applies to a county in
	7566	+	24 which the adopting body:
	7567	+	25 (1) is the local income tax council; and
	7568	+	26 (2) did not allocate the revenue under this chapter from an
	7569	+	27 expenditure rate of at least one-tenth of one percent (0.1%) to pay
	7570	+	28 for a PSAP in the county for a year.
	7571	+	29 (b) A county fiscal body may adopt an ordinance to impose a tax
	7572	+	30 rate for a PSAP in the county. The tax rate must be in increments of
	7573	+	31 one-hundredth of one percent (0.01%) and may not exceed one-tenth
	7574	+	32 of one percent (0.1%).
	7575	+	33 (c) The revenue generated by a tax rate imposed under this section
	7576	+	34 must be distributed directly to the county before the remainder of the
	7577	+	35 expenditure rate revenue is distributed. The revenue shall be
	7578	+	36 maintained in a separate dedicated county fund and used only for
	7579	+	37 paying for a PSAP in the county.
	7580	+	38 SECTION 120. IC 6-3.6-6-2.6 IS REPEALED [EFFECTIVE
	7581	+	39 JANUARY 1, 2028]. Sec. 2.6. (a) As used in this section, "acute care
	7582	+	40 hospital" means an acute care hospital that is:
	7583	+	41 (1) established and operated under IC 16-22-2, IC 16-22-8, or
	7584	+	42 IC 16-23; and
	7585	+	ES 1—LS 7244/DI 120 174
	7586	+	1 (2) licensed under IC 16-21.
	7587	+	2 (b) A county fiscal body may adopt an ordinance to impose a tax
	7588	+	3 rate for acute care hospitals located in the county. The tax rate must be
	7589	+	4 in increments of one-hundredth of one percent (0.01%) and may not
	7590	+	5 exceed one-tenth of one percent (0.1%).
	7591	+	6 (c) The revenue generated by a tax rate imposed under this section
	7592	+	7 must be distributed directly to the county before the remainder of the
	7593	+	8 expenditure rate revenue is distributed. The revenue shall be
	7594	+	9 maintained in a separate dedicated county fund and used only for the
	7595	+	10 operating expenses of the acute care hospital located in the county.
	7596	+	11 SECTION 121. IC 6-3.6-6-2.7 IS REPEALED [EFFECTIVE
	7597	+	12 JANUARY 1, 2028]. Sec. 2.7. (a) A county fiscal body may adopt an
	7598	+	13 ordinance to impose a tax rate for correctional facilities and
	7599	+	14 rehabilitation facilities in the county. The tax rate must be in
	7600	+	15 increments of:
	7601	+	16 (1) in the case of a county with bonds or lease agreements
	7602	+	17 outstanding on July 1, 2023, for which a pledge of tax revenue
	7603	+	18 from revenue received under a tax rate imposed under this section
	7604	+	19 is made, one-hundredth of one percent (0.01%) and may not
	7605	+	20 exceed three-tenths of one percent (0.3%); and
	7606	+	21 (2) in the case of a county with no bonds or lease agreements
	7607	+	22 outstanding on July 1, 2023, for which a pledge of tax revenue
	7608	+	23 from revenue received under a tax rate imposed under this section
	7609	+	24 is made, one-hundredth of one percent (0.01%) and may not
	7610	+	25 exceed two-tenths of one percent (0.2%).
	7611	+	26 (b) The tax rate imposed under this section may not be in effect for
	7612	+	27 more than:
	7613	+	28 (1) twenty-two (22) years, in the case of a tax rate imposed in an
	7614	+	29 ordinance adopted before January 1, 2019; or
	7615	+	30 (2) twenty-five (25) years, in the case of a tax rate imposed in an
	7616	+	31 ordinance adopted on or after January 1, 2019.
	7617	+	32 (c) The revenue generated by a tax rate imposed under this section
	7618	+	33 must be distributed directly to the county before the remainder of the
	7619	+	34 expenditure rate revenue is distributed. The revenue shall be
	7620	+	35 maintained in a separate dedicated county fund and used by the county
	7621	+	36 only for paying for correctional facilities and rehabilitation facilities in
	7622	+	37 the county.
	7623	+	38 (d) If a county fiscal body imposes a tax rate:
	7624	+	39 (1) under subsection (a)(1) or (a)(2) in an increment that does not
	7625	+	40 exceed two-tenths of one percent (0.2%), one hundred percent
	7626	+	41 (100%) of the revenue collected from the total tax rate; or
	7627	+	42 (2) under subsection (a)(1) in an increment that exceeds
	7628	+	ES 1—LS 7244/DI 120 175
	7629	+	1 two-tenths of one percent (0.2%):
	7630	+	2 (A) one hundred percent (100%) of the revenue collected from
	7631	+	3 that portion of the total tax rate that does not exceed an
	7632	+	4 increment of two-tenths of one percent (0.2%); and
	7633	+	5 (B) no revenue collected from that portion of the total tax rate
	7634	+	6 that exceeds an increment of two-tenths of one percent (0.2%);
	7635	+	7 may be used for operating expenses for correctional facilities and
	7636	+	8 rehabilitation facilities in the county.
	7637	+	9 SECTION 122. IC 6-3.6-6-2.8 IS REPEALED [EFFECTIVE
	7638	+	10 JANUARY 1, 2028]. Sec. 2.8. (a) As used in this section, "emergency
	7639	+	11 medical services" has the meaning set forth in IC 16-18-2-110.
	7640	+	12 (b) The fiscal body of a county may adopt an ordinance to impose
	7641	+	13 a tax rate for emergency medical services in the county. The tax rate
	7642	+	14 must be in increments of one-hundredth of one percent (0.01%) and
	7643	+	15 may not exceed two-tenths of one percent (0.2%). The tax rate may not
	7644	+	16 be in effect for more than twenty-five (25) years.
	7645	+	17 (c) The revenue generated by a tax rate imposed under this section
	7646	+	18 must be distributed directly to the county before the remainder of the
	7647	+	19 expenditure rate revenue is distributed. The revenue shall be
	7648	+	20 maintained in a separate dedicated county fund and used by the county
	7649	+	21 only for paying for operating costs incurred by the county for
	7650	+	22 emergency medical services that are provided throughout the county.
	7651	+	23 SECTION 123. IC 6-3.6-6-2.9 IS REPEALED [EFFECTIVE
	7652	+	24 JANUARY 1, 2028]. Sec. 2.9. (a) For purposes of this section,
	7653	+	25 "courtroom costs" includes staffing costs only for the court reporter,
	7654	+	26 court bailiff, or court administrator.
	7655	+	27 (b) A county fiscal body may adopt an ordinance to impose a tax
	7656	+	28 rate for:
	7657	+	29 (1) in the case of a tax rate adopted under this section before
	7658	+	30 January 1, 2024, county staff expenses of the state judicial system
	7659	+	31 in the county; or
	7660	+	32 (2) in the case of a tax rate adopted under this section after
	7661	+	33 December 31, 2023, courtroom costs of the state judicial system
	7662	+	34 in the county.
	7663	+	35 The tax rate must be in increments of one-hundredth of one percent
	7664	+	36 (0.01%) and may not exceed two-tenths of one percent (0.2%). The tax
	7665	+	37 rate may not be in effect for more than twenty-five (25) years.
	7666	+	38 (c) The revenue generated by a tax rate imposed under this section
	7667	+	39 must be distributed directly to the county before the remainder of the
	7668	+	40 expenditure rate revenue is distributed. The revenue shall be
	7669	+	41 maintained in a separate dedicated county fund. The revenue shall be
	7670	+	42 used by the county:
	7671	+	ES 1—LS 7244/DI 120 176
	7672	+	1 (1) in the case of a tax rate adopted under this section before
	7673	+	2 January 1, 2024, only for paying for county staff expenses of the
	7674	+	3 state judicial system in the county; and
	7675	+	4 (2) in the case of a tax rate adopted under this section after
	7676	+	5 December 31, 2023, only for paying the courtroom costs of the
	7677	+	6 state judicial system in the county.
	7678	+	7 (d) This subsection applies to a tax rate adopted under subsection
	7679	+	8 (b)(1). The local income tax revenue budgeted and spent under this
	7680	+	9 section by each county may not comprise more than fifty percent (50%)
	7681	+	10 of the county's total budgeted operational staffing expenses related to
	7682	+	11 the state judicial system in any given year.
	7683	+	12 (e) This subsection applies to a tax rate adopted under subsection
	7684	+	13 (b)(2). The local income tax revenue spent under this section by each
	7685	+	14 county may not comprise more than fifty percent (50%) of the county's
	7686	+	15 total operational staffing expenses related to the courtroom costs of the
	7687	+	16 state judicial system in any given year.
	7688	+	17 (f) Counties that enact an ordinance to impose a tax rate under this
	7689	+	18 section shall annually report the following information for the prior
	7690	+	19 calendar year by May 1 to the justice reinvestment advisory council
	7691	+	20 established by IC 33-38-9.5-2:
	7692	+	21 (1) The types of court positions paid with local income tax
	7693	+	22 revenue generated by this section.
	7694	+	23 (2) The number of court positions by type paid for with local
	7695	+	24 income tax revenue generated by this section.
	7696	+	25 (3) The average salary by type of court position paid for with local
	7697	+	26 income tax revenue generated by this section.
	7698	+	27 (4) The county's total budgeted and actual staffing expenses or
	7699	+	28 courtroom costs, whichever is applicable, related to the state
	7700	+	29 judicial system.
	7701	+	30 (5) The county's portion of local income tax revenue that was
	7702	+	31 actually spent on staffing expenses or courtroom costs, whichever
	7703	+	32 is applicable, related to the state judicial system.
	7704	+	33 (g) The justice reinvestment advisory council shall annually compile
	7705	+	34 and report to the legislative council prior to July 1 of each year the
	7706	+	35 information required in subsection (f) for each county. The report must
	7707	+	36 be in an electronic format under IC 5-14-6.
	7708	+	37 SECTION 124. IC 6-3.6-6-3, AS AMENDED BY P.L.137-2024,
	7709	+	38 SECTION 9, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	7710	+	39 JULY 1, 2027]: Sec. 3. (a) Revenue raised from a tax imposed under
	7711	+	40 this chapter shall be treated as follows:
	7712	+	41 (1) To make the following distributions:
	7713	+	42 (A) If an ordinance described in section 2.5 of this chapter is
	7714	+	ES 1—LS 7244/DI 120 177
	7715	+	1 in effect in a county, to make a distribution to the county equal
	7716	+	2 to the amount of revenue generated by the rate imposed under
	7717	+	3 section 2.5 of this chapter.
	7718	+	4 (B) If an ordinance described in section 2.6 of this chapter is
	7719	+	5 in effect in a county, to make a distribution to the county equal
	7720	+	6 to the amount of revenue generated by the rate imposed under
	7721	+	7 section 2.6 of this chapter.
	7722	+	8 (C) If an ordinance described in section 2.7 of this chapter is
	7723	+	9 in effect in a county, to make a distribution to the county equal
	7724	+	10 to the amount of revenue generated by the rate imposed under
	7725	+	11 section 2.7 of this chapter.
	7726	+	12 (D) If an ordinance described in section 2.8 of this chapter is
	7727	+	13 in effect in a county, to make a distribution to the county equal
	7728	+	14 to the amount of revenue generated by the rate imposed under
	7729	+	15 section 2.8 of this chapter.
	7730	+	16 (2) After making the distributions described in subdivision (1), if
	7731	+	17 any, to make distributions to school corporations and civil taxing
	7732	+	18 units in counties that formerly imposed a tax under IC 6-3.5-1.1
	7733	+	19 (repealed). The revenue categorized from the next twenty-five
	7734	+	20 hundredths percent (0.25%) of the rate for a former tax adopted
	7735	+	21 under IC 6-3.5-1.1 (repealed) shall be allocated to school
	7736	+	22 corporations and civil taxing units. The amount of the allocation
	7737	+	23 to a school corporation or civil taxing unit shall be determined
	7738	+	24 using the allocation amounts for civil taxing units and school
	7739	+	25 corporations in the county.
	7740	+	26 (3) After making the distributions described in subdivisions (1)
	7741	+	27 and (2), the remaining revenue shall be treated as additional
	7742	+	28 revenue (referred to as "additional revenue" in this chapter).
	7743	+	29 Additional revenue may not be considered by the department of
	7744	+	30 local government finance in determining:
	7745	+	31 (A) any taxing unit's maximum permissible property tax levy
	7746	+	32 limit under IC 6-1.1-18.5; or
	7747	+	33 (B) the approved property tax rate for any fund.
	7748	+	34 (b) (a) In the case of a civil taxing unit that has pledged the tax from
	7749	+	35 additional general purpose revenue for the payment of bonds, leases,
	7750	+	36 or other obligations as reported by the civil taxing unit under IC 5-1-18,
	7751	+	37 the adopting body may not under section 4 of this chapter, reduce the
	7752	+	38 proportional allocation of the additional general purpose revenue that
	7753	+	39 was allocated in the preceding year if the reduction for that year would
	7754	+	40 result in an amount less than the amount necessary for the payment of
	7755	+	41 bonds, leases, or other obligations payable or required to be deposited
	7756	+	42 in a sinking fund or other reserve in that year for the bonds, leases, or
	7757	+	ES 1—LS 7244/DI 120 178
	7758	+	1 other obligations for which the tax from additional general purpose
	7759	+	2 revenue has been pledged. To inform an adopting body with regard to
	7760	+	3 allocations that affect the payment of bonds, leases, or other
	7761	+	4 obligations, a taxing unit may provide the adopting body with
	7762	+	5 information regarding any outstanding bonds, leases, or other
	7763	+	6 obligations that are secured by additional general purpose revenue.
	7764	+	7 The information must be provided before the date of the public hearing
	7765	+	8 at which the adopting body may change the allocation of additional
	7766	+	9 general purpose revenue under section 4 of this chapter.
	7767	+	10 (b) In the case of a civil taxing unit that is obligated to make
	7768	+	11 payments to the northwest Indiana regional development authority
	7769	+	12 from general purpose revenue for the payment of bonds, leases, or
	7770	+	13 other obligations related to northwest Indiana rail projects (as
	7771	+	14 defined in IC 5-1.3-2-14) and projects described in IC 36-7.5-4-2.5,
	7772	+	15 the adopting body may not reduce the proportional allocation
	7773	+	16 amounts of the general purpose revenue as allocated in the
	7774	+	17 immediately preceding year if the reduction would result in an
	7775	+	18 allocation that is less than the amount necessary for the civil taxing
	7776	+	19 unit to make the payments to the northwest Indiana regional
	7777	+	20 development authority for the payment of the bonds, leases, or
	7778	+	21 other obligations.
	7779	+	22 SECTION 125. IC 6-3.6-6-3.1 IS ADDED TO THE INDIANA
	7780	+	23 CODE AS A NEW SECTION TO READ AS FOLLOWS
	7781	+	24 [EFFECTIVE JULY 1, 2025]: Sec. 3.1. (a) As used in this section,
	7782	+	25 "homestead" has the meaning set forth in IC 6-1.1-12-37.
	7783	+	26 (b) A county fiscal body may adopt an ordinance to impose a tax
	7784	+	27 rate for the purpose of funding property tax homestead credits to
	7785	+	28 reduce the property tax liability of taxpayers who own homesteads
	7786	+	29 that are:
	7787	+	30 (1) located in the county; and
	7788	+	31 (2) eligible for a credit under IC 6-1.1-20.6-7.5 that limits the
	7789	+	32 taxpayer's property tax liability for the property to one
	7790	+	33 percent (1%).
	7791	+	34 Revenue collected from a tax rate imposed under this section may
	7792	+	35 only be used to fund replacement of the county's property tax levy.
	7793	+	36 Property taxes imposed due to a referendum in which a majority
	7794	+	37 of the voters in the taxing unit imposing the property taxes
	7795	+	38 approved the property taxes are not eligible for a credit under this
	7796	+	39 section.
	7797	+	40 (c) The tax rate must be in increments of one-hundredth of one
	7798	+	41 percent (0.01%) and may not exceed three-tenths of one percent
	7799	+	42 (0.3%).
	7800	+	ES 1—LS 7244/DI 120 179
	7801	+	1 (d) A tax imposed under this section shall be treated as property
	7802	+	2 taxes for all purposes. However, the department of local
	7803	+	3 government finance may not reduce:
	7804	+	4 (1) any taxing unit's maximum permissible property tax levy
	7805	+	5 limit under IC 6-1.1-18.5; or
	7806	+	6 (2) the approved property tax levy or rate for any fund;
	7807	+	7 by the amount of any credits granted under this chapter.
	7808	+	8 (e) The homestead credits shall be applied to the net property
	7809	+	9 taxes due on the homestead after the application of any credit
	7810	+	10 granted under IC 6-1.1, including any credit granted under
	7811	+	11 IC 6-1.1-20.4 and IC 6-1.1-20.6.
	7812	+	12 (f) The property tax credits must be applied uniformly to
	7813	+	13 provide a homestead credit for homesteads in the county.
	7814	+	14 (g) The county auditor shall allocate the amount of revenue
	7815	+	15 applied as tax credits under this section to the taxing units that
	7816	+	16 imposed the eligible property taxes against which the credits are
	7817	+	17 applied.
	7818	+	18 (h) The department of local government finance shall assist
	7819	+	19 county fiscal bodies and county auditors in calculating credit
	7820	+	20 percentages and amounts.
	7821	+	21 (i) Notwithstanding any provision to the contrary in this
	7822	+	22 chapter, a tax imposed under this section:
	7823	+	23 (1) may be imposed on the adjusted gross income of taxpayers
	7824	+	24 before January 1, 2028; and
	7825	+	25 (2) terminates and may not be imposed on the adjusted gross
	7826	+	26 income of taxpayers after December 31, 2027.
	7827	+	27 (j) This section expires January 1, 2028.
	7828	+	28 SECTION 126. IC 6-3.6-6-4, AS AMENDED BY P.L.247-2017,
	7829	+	29 SECTION 15, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	7830	+	30 JULY 1, 2027]: Sec. 4. (a) General purpose revenue raised from a
	7831	+	31 tax rate under section 2(b)(1) of this chapter must be distributed
	7832	+	32 directly to the county. The money may be used by the county fiscal
	7833	+	33 body for any of the purposes of the county, including for:
	7834	+	34 (1) public safety, including funding for a PSAP;
	7835	+	35 (2) economic development purposes described in IC 6-3.6-10;
	7836	+	36 (3) acute care hospitals;
	7837	+	37 (4) correctional facilities and rehabilitation facilities;
	7838	+	38 (5) county staff expenses of the state judicial system; and
	7839	+	39 (6) homestead property tax credits to fund replacement of the
	7840	+	40 county's property tax levy.
	7841	+	41 (b) The adopting body shall, by ordinance, determine how the
	7842	+	42 additional general purpose revenue from a tax under this chapter must
	7843	+	ES 1—LS 7244/DI 120 180
	7844	+	1 be allocated in subsequent years. The allocations are subject to
	7845	+	2 IC 6-3.6-11. The ordinance must be adopted as provided in IC 6-3.6-3
	7846	+	3 and takes effect and applies as specified in IC 6-3.6-3-3. The ordinance
	7847	+	4 continues to apply thereafter until it is rescinded or modified. The
	7848	+	5 revenue must be allocated among one (1) or more of the following uses
	7849	+	6 as provided in this chapter:
	7850	+	7 (1) Public safety.
	7851	+	8 (2) Economic development projects.
	7852	+	9 (3) Certified shares.
	7853	+	10 The ordinance must describe the allocation of additional revenue by
	7854	+	11 use of percentages.
	7855	+	12 SECTION 127. IC 6-3.6-6-4.3 IS ADDED TO THE INDIANA
	7856	+	13 CODE AS A NEW SECTION TO READ AS FOLLOWS
	7857	+	14 [EFFECTIVE JULY 1, 2027]: Sec. 4.3. (a) Revenue raised from a tax
	7858	+	15 rate for fire protection and emergency medical services under
	7859	+	16 section 2(b)(2) of this chapter shall be distributed by the county to
	7860	+	17 each fire protection district, fire protection territory, and
	7861	+	18 municipal fire department located within the county. At the
	7862	+	19 discretion of the county council, the county may distribute revenue
	7863	+	20 raised from a tax rate for fire protection and emergency medical
	7864	+	21 services under section 2(b)(2) of this chapter to township fire
	7865	+	22 departments and volunteer fire departments.
	7866	+	23 (b) Revenue raised from a tax rate for fire protection and
	7867	+	24 emergency medical services under section 2(b)(2) of this chapter
	7868	+	25 shall be allocated to each fire protection district, fire protection
	7869	+	26 territory, municipal fire department, and, if applicable, township
	7870	+	27 fire departments and volunteer fire departments, based on the
	7871	+	28 following formula:
	7872	+	29 STEP ONE: For each provider of fire protection and
	7873	+	30 emergency medical services located within the county that is
	7874	+	31 eligible to receive revenue under this section, determine the
	7875	+	32 population living within the service boundaries of the
	7876	+	33 provider using the most recent federal decennial census.
	7877	+	34 STEP TWO: For each provider of fire protection and
	7878	+	35 emergency medical services located within the county that is
	7879	+	36 eligible to receive revenue under this section, determine the
	7880	+	37 number of square miles within the service boundaries of the
	7881	+	38 provider.
	7882	+	39 STEP THREE: For each provider of fire protection and
	7883	+	40 emergency medical services located within the county that is
	7884	+	41 eligible to receive revenue under this section, determine the
	7885	+	42 product of:
	7886	+	ES 1—LS 7244/DI 120 181
	7887	+	1 (A) the STEP TWO amount; multiplied by
	7888	+	2 (B) twenty (20).
	7889	+	3 STEP FOUR: For each provider of fire protection and
	7890	+	4 emergency medical services located within the county that is
	7891	+	5 eligible to receive revenue under this section, determine the
	7892	+	6 sum of:
	7893	+	7 (A) the STEP ONE result; plus
	7894	+	8 (B) the STEP THREE result.
	7895	+	9 STEP FIVE: Determine the sum total of the STEP FOUR
	7896	+	10 results for each provider of fire protection and emergency
	7897	+	11 medical services located within the county that is eligible to
	7898	+	12 receive revenue under this section.
	7899	+	13 STEP SIX: The percentage of revenue that shall be
	7900	+	14 distributed to each provider of fire protection and emergency
	7901	+	15 medical services located within the county that is eligible to
	7902	+	16 receive revenue under this section is equal to:
	7903	+	17 (A) the STEP FOUR result for the provider; divided by
	7904	+	18 (B) the STEP FIVE result.
	7905	+	19 SECTION 128. IC 6-3.6-6-4.5 IS ADDED TO THE INDIANA
	7906	+	20 CODE AS A NEW SECTION TO READ AS FOLLOWS
	7907	+	21 [EFFECTIVE JULY 1, 2027]: Sec. 4.5. (a) Revenue raised from a tax
	7908	+	22 rate for nonmunicipal civil taxing units under section 2(b)(3) of this
	7909	+	23 chapter may be distributed by the county to nonmunicipal civil
	7910	+	24 taxing units subject to the provisions of this section.
	7911	+	25 (b) Subject to the maximum aggregate tax rate of not more than
	7912	+	26 two-tenths of one percent (0.2%) under section 2(b)(3) of this
	7913	+	27 chapter, the adopting body may adopt a tax rate for each type of
	7914	+	28 nonmunicipal civil taxing unit, which may not exceed more than
	7915	+	29 five-hundredths of one percent (0.05%) for any given unit type.
	7916	+	30 The revenue raised from a tax rate for a specific type of
	7917	+	31 nonmunicipal civil taxing unit shall be allocated to all
	7918	+	32 nonmunicipal civil taxing units of that same type located within the
	7919	+	33 county on a pro rata per capita basis, subject to subsection (e).
	7920	+	34 (c) A county solid waste management district (as defined in
	7921	+	35 IC 13-11-2-47) or a joint solid waste management district (as
	7922	+	36 defined in IC 13-11-2-113) is not an eligible nonmunicipal civil
	7923	+	37 taxing unit for the purpose of receiving an allocation of general
	7924	+	38 purpose revenue under this chapter unless a majority of the
	7925	+	39 members of each of the county fiscal bodies of the counties within
	7926	+	40 the district passes a resolution approving the distribution.
	7927	+	41 (d) A resolution passed by a county fiscal body under subsection
	7928	+	42 (c) may:
	7929	+	ES 1—LS 7244/DI 120 182
	7930	+	1 (1) expire on a date specified in the resolution; or
	7931	+	2 (2) remain in effect until the county fiscal body revokes or
	7932	+	3 rescinds the resolution.
	7933	+	4 (e) A nonmunicipal civil taxing unit wishing to receive a share
	7934	+	5 of revenue under this section in a year must adopt a resolution
	7935	+	6 requesting the distribution from the county and must provide a
	7936	+	7 certified copy of the resolution to the adopting body not later than
	7937	+	8 July 1 of the year immediately preceding the distribution year. Not
	7938	+	9 later than August 1 of the year immediately preceding the
	7939	+	10 distribution year, the adopting body shall hold a public hearing on
	7940	+	11 the resolution requesting the distribution and provide the public
	7941	+	12 with notice of the time and place where the public hearing will be
	7942	+	13 held. The notice must be given in accordance with IC 5-3-1 and
	7943	+	14 include a description of the resolution requesting the distribution
	7944	+	15 from the county.
	7945	+	16 (f) If a nonmunicipal civil taxing unit adopts a resolution under
	7946	+	17 this subsection and provides the resolution to the adopting body as
	7947	+	18 set forth in this subsection, the county shall distribute to the
	7948	+	19 nonmunicipal civil taxing unit an amount of revenue raised from
	7949	+	20 the tax rate under section 2(b)(3) of this chapter for the
	7950	+	21 distribution year as set forth in subsection (f).
	7951	+	22 (g) If one (1) or more, but not all, nonmunicipal civil taxing
	7952	+	23 units adopt a resolution under subsection (e) requesting a
	7953	+	24 distribution in a given year, the county may either distribute the
	7954	+	25 total amount of revenue raised from the tax rate under section
	7955	+	26 2(b)(3) of this chapter to only those nonmunicipal civil taxing units
	7956	+	27 that have provided a resolution request, or the county may
	7957	+	28 distribute the total amount of revenue raised from a tax rate under
	7958	+	29 section 2(b)(3) of this chapter to all nonmunicipal civil taxing units
	7959	+	30 as set forth in this section. If no nonmunicipal civil taxing units
	7960	+	31 adopt a resolution to request a distribution in a given year, the
	7961	+	32 county may retain the revenue raised from a tax rate for
	7962	+	33 nonmunicipal civil taxing units for that year and use the revenue
	7963	+	34 as general purpose revenue for the county under section 4 of this
	7964	+	35 chapter.
	7965	+	36 SECTION 129. IC 6-3.6-6-6.1 IS ADDED TO THE INDIANA
	7966	+	37 CODE AS A NEW SECTION TO READ AS FOLLOWS
	7967	+	38 [EFFECTIVE JULY 1, 2027]: Sec. 6.1. (a) Revenue raised from a tax
	7968	+	39 rate for certain cities and towns under section 2(b)(4) of this
	7969	+	40 chapter may be distributed by the county to those cities and towns
	7970	+	41 subject to the provisions of this section.
	7971	+	42 (b) Subject to subsection (g), the revenue raised from a tax rate
	7972	+	ES 1—LS 7244/DI 120 183
	7973	+	1 under section 2(b)(4) of this chapter shall be allocated to the cities
	7974	+	2 and towns based on the population of the city or the population of
	7975	+	3 the town, whichever is applicable, compared to the population of
	7976	+	4 all the cities or the population of all the towns, whichever is
	7977	+	5 applicable, that are eligible for a distribution, subject to subsection
	7978	+	6 (d). For purposes of this determination, if the boundaries of a city
	7979	+	7 or town are located in more than one (1) county, only the portion
	7980	+	8 of the population of the city or town that is located within the
	7981	+	9 county imposing the tax rate under section 2(b)(4) of this chapter
	7982	+	10 shall be considered.
	7983	+	11 (c) The money may be used by the city or town fiscal body for
	7984	+	12 any of the purposes of the city or town, including public safety (as
	7985	+	13 defined in IC 6-3.6-2-14) and economic development purposes
	7986	+	14 described in IC 6-3.6-10. The city or town fiscal body may pledge
	7987	+	15 its general purpose revenue to the payment of bonds or to lease
	7988	+	16 payments as set forth in this chapter.
	7989	+	17 (d) An eligible city or town wishing to receive a share of revenue
	7990	+	18 under this section in a year must adopt a resolution requesting the
	7991	+	19 distribution from the county and must provide a certified copy of
	7992	+	20 the resolution to the adopting body not later than July 1 of the year
	7993	+	21 immediately preceding the distribution year. Not later than August
	7994	+	22 1 of the year immediately preceding the distribution year, the
	7995	+	23 adopting body shall hold a public hearing on the resolution
	7996	+	24 requesting the distribution and provide the public with notice of
	7997	+	25 the time and place where the public hearing will be held. The notice
	7998	+	26 must be given in accordance with IC 5-3-1 and include a
	7999	+	27 description of the resolution requesting the distribution from the
	8000	+	28 county.
	8001	+	29 (e) Subject to subsection (g), if an eligible city or town adopts a
	8002	+	30 resolution under this subsection and provides the resolution to the
	8003	+	31 adopting body as set forth in this subsection, the county shall
	8004	+	32 distribute to the eligible city or town unit an amount of revenue
	8005	+	33 raised from the tax rate under section 2(b)(4) of this chapter for
	8006	+	34 the distribution year as set forth in subsection (f).
	8007	+	35 (f) Subject to subsection (g), if one (1) or more, but not all,
	8008	+	36 eligible cities or towns adopt a resolution under subsection (d)
	8009	+	37 requesting a distribution in a given year, the county may either
	8010	+	38 distribute the total amount of revenue raised from the tax rate
	8011	+	39 under section 2(b)(4) of this chapter to only those eligible cities or
	8012	+	40 towns that have provided a resolution request, or the county may
	8013	+	41 distribute the total amount of revenue raised from a tax rate under
	8014	+	42 section 2(b)(4) of this chapter to all eligible cities or towns as set
	8015	+	ES 1—LS 7244/DI 120 184
	8016	+	1 forth in this section. If no eligible city or town adopts a resolution
	8017	+	2 to request a distribution in a given year, the county may retain the
	8018	+	3 revenue raised from a tax rate for the eligible city or town for that
	8019	+	4 year and use the revenue as general purpose revenue for the county
	8020	+	5 under section 4 of this chapter.
	8021	+	6 (g) Notwithstanding any provision to the contrary in this
	8022	+	7 section, if an adopting body that imposes a tax rate of one and
	8023	+	8 two-tenths percent (1.2%) under section 2(b)(1) of this chapter
	8024	+	9 subsequently adopts an ordinance to concurrently impose a tax
	8025	+	10 rate under section 2(b)(4) of this chapter:
	8026	+	11 (1) seventy-five percent (75%) of the revenue received from
	8027	+	12 the tax rate imposed under section 2(b)(4) of this chapter shall
	8028	+	13 be retained by the county and may be used for the purposes
	8029	+	14 described in section 4 of this chapter; and
	8030	+	15 (2) twenty-five percent (25%) of the revenue received from
	8031	+	16 the tax rate imposed under section 2(b)(4) of this chapter shall
	8032	+	17 be distributed among the eligible cities and towns as set forth
	8033	+	18 in this section and may be used for the purposes set forth in
	8034	+	19 this section.
	8035	+	20 However, the adopting body may, by ordinance, determine to
	8036	+	21 allocate any percentage of the revenue that would otherwise be
	8037	+	22 retained by the county under subdivision (1) to instead be allocated
	8038	+	23 among the eligible cities and towns under subdivision (2).
	8039	+	24 SECTION 130. IC 6-3.6-6-8, AS AMENDED BY P.L.101-2024,
	8040	+	25 SECTION 2, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	8041	+	26 JULY 1, 2027]: Sec. 8. (a) This section applies to the allocation of
	8042	+	27 additional revenue from a tax under this chapter to public safety
	8043	+	28 purposes. Funding dedicated for a PSAP under a former tax continues
	8044	+	29 to apply under this chapter until it is rescinded or modified. If funding
	8045	+	30 was not dedicated for a PSAP under a former tax, the adopting body
	8046	+	31 may adopt a resolution providing that all or part of the additional
	8047	+	32 revenue allocated to public safety is to be dedicated for a PSAP. The
	8048	+	33 resolution first applies in the following year and then thereafter until it
	8049	+	34 is rescinded or modified. Funding dedicated for a PSAP shall be
	8050	+	35 allocated and distributed as provided in IC 6-3.6-11-4.
	8051	+	36 (b) Except as provided in subsections (c) and (d), the amount of the
	8052	+	37 certified distribution that is allocated to public safety purposes, and
	8053	+	38 after making allocations under IC 6-3.6-11, shall be allocated to the
	8054	+	39 county and to each municipality in the county that is carrying out or
	8055	+	40 providing at least one (1) public safety purpose. For purposes of this
	8056	+	41 subsection, in the case of a consolidated city, the total property taxes
	8057	+	42 imposed by the consolidated city include the property taxes imposed by
	8058	+	ES 1—LS 7244/DI 120 185
	8059	+	1 the consolidated city and all special taxing districts (except for a public
	8060	+	2 library district, a public transportation corporation, and a health and
	8061	+	3 hospital corporation), and all special service districts. The amount
	8062	+	4 allocated under this subsection to a county or municipality is equal to
	8063	+	5 the result of:
	8064	+	6 (1) the amount of the remaining certified distribution that is
	8065	+	7 allocated to public safety purposes; multiplied by
	8066	+	8 (2) a fraction equal to:
	8067	+	9 (A) in the case of a county that initially imposed a rate for
	8068	+	10 public safety under IC 6-3.5-6 (repealed), the result of the total
	8069	+	11 property taxes imposed in the county by the county or
	8070	+	12 municipality for the calendar year preceding the distribution
	8071	+	13 year, divided by the sum of the total property taxes imposed in
	8072	+	14 the county by the county and each municipality in the county
	8073	+	15 that is entitled to a distribution under this section for that
	8074	+	16 calendar year; or
	8075	+	17 (B) in the case of a county that initially imposed a rate for
	8076	+	18 public safety under IC 6-3.5-1.1 (repealed) or a county that did
	8077	+	19 not impose a rate for public safety under either IC 6-3.5-1.1
	8078	+	20 (repealed) or IC 6-3.5-6 (repealed), the result of the attributed
	8079	+	21 allocation amount of the county or municipality for the
	8080	+	22 calendar year preceding the distribution year, divided by the
	8081	+	23 sum of the attributed allocation amounts of the county and
	8082	+	24 each municipality in the county that is entitled to a distribution
	8083	+	25 under this section for that calendar year.
	8084	+	26 (c) (a) A fire department, volunteer fire department, or emergency
	8085	+	27 medical services provider that:
	8086	+	28 (1) provides fire protection or emergency medical services within
	8087	+	29 the county; and
	8088	+	30 (2) is operated by or serves a political subdivision that is not
	8089	+	31 otherwise entitled to receive a distribution of tax revenue under
	8090	+	32 this section;
	8091	+	33 may, before July 1 of a year, apply to the adopting body for a
	8092	+	34 distribution of tax revenue under this section 4.3 of this chapter during
	8093	+	35 the following calendar year. The adopting body shall review an
	8094	+	36 application submitted under this subsection. However, after giving
	8095	+	37 notice under IC 5-3-1, the adopting body shall review an application by
	8096	+	38 a township that provided fire protection or emergency medical services
	8097	+	39 in the most recent calendar year and imposed a property tax levy for the
	8098	+	40 provision of fire protection or emergency medical services within the
	8099	+	41 county in the most recent calendar year at a public hearing. The
	8100	+	42 adopting body may review multiple applications submitted under this
	8101	+	ES 1—LS 7244/DI 120 186
	8102	+	1 subsection at one (1) public hearing. If applicable, a township shall
	8103	+	2 present and explain its application at the public hearing. Not later than
	8104	+	3 ten (10) days after the public hearing, if applicable, but before
	8105	+	4 September 1 of a year, the adopting body may adopt a resolution
	8106	+	5 requiring that one (1) or more of the applicants shall receive a specified
	8107	+	6 amount of the tax revenue to be distributed under this section 4.3 of
	8108	+	7 this chapter during the following calendar year. The adopting body
	8109	+	8 shall provide a copy of the resolution to the county auditor and the
	8110	+	9 department of local government finance not more than fifteen (15) days
	8111	+	10 after the resolution is adopted. A resolution adopted under this
	8112	+	11 subsection and provided in a timely manner to the county auditor and
	8113	+	12 the department applies only to distributions in the following calendar
	8114	+	13 year. Any amount of tax revenue distributed under this subsection to a
	8115	+	14 fire department, volunteer fire department, or emergency medical
	8116	+	15 services provider shall be distributed before the remainder of the tax
	8117	+	16 revenue is allocated under subsection (b).
	8118	+	17 (d) (b) A township fire department, volunteer fire department, fire
	8119	+	18 protection territory, or fire protection district that:
	8120	+	19 (1) provides fire protection or emergency medical services within
	8121	+	20 a county; and
	8122	+	21 (2) is operated by or serves a political subdivision;
	8123	+	22 may, before July 1 of a year, apply to the adopting body for a
	8124	+	23 distribution of tax revenue under this section 4.3 of this chapter during
	8125	+	24 the following calendar year. The adopting body shall review an
	8126	+	25 application submitted under this subsection. However, after giving
	8127	+	26 notice under IC 5-3-1, the adopting body shall review an application
	8128	+	27 submitted by a township that provided fire protection or emergency
	8129	+	28 medical services in the most recent calendar year and that imposed a
	8130	+	29 property tax levy for the provision of fire protection or emergency
	8131	+	30 medical services within the county in the most recent calendar year at
	8132	+	31 a public hearing. The adopting body may review multiple applications
	8133	+	32 submitted under this subsection at one (1) public hearing. If applicable,
	8134	+	33 a township shall present and explain its application at the public
	8135	+	34 hearing. From the amount of the certified distribution that is allocated
	8136	+	35 to public safety purposes, and after making allocations under
	8137	+	36 IC 6-3.6-11, the adopting body may adopt a resolution that one (1) or
	8138	+	37 more township fire departments, volunteer fire departments, fire
	8139	+	38 protection territories, or fire protection districts shall receive an amount
	8140	+	39 of the tax revenue to be distributed under this section 4.3 of this
	8141	+	40 chapter during the following calendar year up to one hundred percent
	8142	+	41 (100%) of the revenue collected from that portion of the tax rate
	8143	+	42 imposed for allocations for public safety purposes that does not exceed
	8144	+	ES 1—LS 7244/DI 120 187
	8145	+	1 a rate of five one-hundredths of one percent (0.05%). A resolution
	8146	+	2 adopted under this subsection must include information on the service
	8147	+	3 area for each township fire department, volunteer fire department, fire
	8148	+	4 protection territory, or fire protection district, as applicable. Any
	8149	+	5 distribution under this subsection must be based on the assessed value
	8150	+	6 of real property, not including land, that is served by each township fire
	8151	+	7 department, volunteer fire department, fire protection territory, or fire
	8152	+	8 protection district, as applicable. The adopting body shall provide a
	8153	+	9 copy of the resolution to the county auditor and the department of local
	8154	+	10 government finance not more than fifteen (15) days after the resolution
	8155	+	11 is adopted. A resolution adopted under this subsection and provided in
	8156	+	12 a timely manner to the county auditor and the department applies only
	8157	+	13 to distributions in the following calendar year. Any amount of tax
	8158	+	14 revenue distributed under this subsection to a township fire department,
	8159	+	15 volunteer fire department, fire protection territory, or fire protection
	8160	+	16 district, as applicable, shall be distributed before the remainder of the
	8161	+	17 tax revenue is allocated under subsection (b).
	8162	+	18 SECTION 131. IC 6-3.6-6-8.5, AS AMENDED BY P.L.104-2022,
	8163	+	19 SECTION 28, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	8164	+	20 JULY 1, 2027]: Sec. 8.5. (a) This section applies only to Marion
	8165	+	21 County.
	8166	+	22 (b) The adopting body may allocate additional general purpose
	8167	+	23 revenue to fund the operation of a public library in Marion County as
	8168	+	24 provided in an election, if any, made by the county fiscal body under
	8169	+	25 IC 36-3-7-6. An allocation under this section shall be made from the
	8170	+	26 part of the additional revenue that would otherwise be allocated as
	8171	+	27 certified shares.
	8172	+	28 (c) The adopting body may allocate additional general purpose
	8173	+	29 revenue to fund the operation of a public transportation corporation as
	8174	+	30 provided in an election, if any, made by the county fiscal body under
	8175	+	31 IC 36-9-4-42. An allocation under this section shall be made from the
	8176	+	32 part of the additional revenue that would otherwise be allocated as
	8177	+	33 certified shares.
	8178	+	34 (d) The adopting body may allocate additional general purpose
	8179	+	35 revenue to fund the operation of a public communications systems and
	8180	+	36 computer facilities district as provided in an election, if any, made by
	8181	+	37 the county fiscal body under IC 36-8-15-19(b). The additional revenue
	8182	+	38 shall be allocated and distributed before the allocation and distribution
	8183	+	39 of the remaining tax revenue under this chapter.
	8184	+	40 SECTION 132. IC 6-3.6-6-9 IS REPEALED [EFFECTIVE JULY
	8185	+	41 1, 2027]. Sec. 9. (a) This section applies to the allocation of additional
	8186	+	42 revenue from a tax under this chapter for economic development
	8187	+	ES 1—LS 7244/DI 120 188
	8188	+	1 purposes.
	8189	+	2 (b) Money designated for economic development purposes shall be
	8190	+	3 allocated to the county, cities, and towns for use by the taxing unit's
	8191	+	4 fiscal body for any of the purposes described in IC 6-3.6-10. Except as
	8192	+	5 provided in subsections (c) and (d) and IC 6-3.6-11, and subject to
	8193	+	6 adjustment as provided in IC 36-8-19-7.5, the amount of the certified
	8194	+	7 distribution allocated to economic development purposes that the
	8195	+	8 county and each city or town in a county is entitled to receive each
	8196	+	9 month of each year equals the amount determined using the following
	8197	+	10 formula:
	8198	+	11 STEP ONE: Determine the sum of:
	8199	+	12 (A) the total property taxes being imposed by the county, city,
	8200	+	13 or town during the calendar year preceding the distribution
	8201	+	14 year; plus
	8202	+	15 (B) for a county, the welfare allocation amount.
	8203	+	16 STEP TWO: Determine the quotient of:
	8204	+	17 (A) The STEP ONE amount; divided by
	8205	+	18 (B) the sum of the total property taxes that are first due and
	8206	+	19 payable to the county and all cities and towns of the county
	8207	+	20 during the calendar year preceding the distribution year plus
	8208	+	21 the welfare allocation amount.
	8209	+	22 STEP THREE: Determine the product of:
	8210	+	23 (A) the amount of the certified distribution allocated to
	8211	+	24 economic development purposes for that month; multiplied by
	8212	+	25 (B) the STEP TWO amount.
	8213	+	26 (c) The body imposing the tax may adopt an ordinance before
	8214	+	27 August 2 of a year to provide for a distribution of the amount allocated
	8215	+	28 to economic development purposes based on population instead of a
	8216	+	29 distribution under subsection (b). The following apply if an ordinance
	8217	+	30 is adopted under this subsection:
	8218	+	31 (1) The ordinance is effective January 1 of the following year.
	8219	+	32 (2) The amount of the certified distribution allocated to economic
	8220	+	33 development purposes that the county and each city and town in
	8221	+	34 the county are entitled to receive during each month of each year
	8222	+	35 equals the product of:
	8223	+	36 (A) the amount of the certified distribution that is allocated to
	8224	+	37 economic development purposes for the month; multiplied by
	8225	+	38 (B) the quotient of:
	8226	+	39 (i) for a city or town, the population of the city or the town
	8227	+	40 that is located in the county and for a county, the population
	8228	+	41 of the part of the county that is not located in a city or town;
	8229	+	42 divided by
	8230	+	ES 1—LS 7244/DI 120 189
	8231	+	1 (ii) the population of the entire county.
	8232	+	2 (3) The ordinance may be made irrevocable for the duration of
	8233	+	3 specified lease rental or debt service payments.
	8234	+	4 (d) In a county having a consolidated city, only the consolidated city
	8235	+	5 is entitled to the amount of the certified distribution that is allocated to
	8236	+	6 economic development purposes.
	8237	+	7 SECTION 133. IC 6-3.6-6-9.5, AS ADDED BY P.L.243-2015,
	8238	+	8 SECTION 10, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	8239	+	9 JULY 1, 2027]: Sec. 9.5. (a) The executive of a county, city, or town
	8240	+	10 may:
	8241	+	11 (1) adopt a capital improvement plan specifying the uses of the
	8242	+	12 additional general purpose revenue to be allocated for economic
	8243	+	13 development purposes; or
	8244	+	14 (2) designate the county or a city or town in the county as the
	8245	+	15 recipient of all or a part of its share of the additional general
	8246	+	16 purpose revenue that is distributed to it for economic
	8247	+	17 development purposes.
	8248	+	18 (b) If a designation is made under subsection (a)(2), the county
	8249	+	19 treasurer shall transfer the share or part of the share to the designated
	8250	+	20 unit unless that unit does not have a capital improvement plan.
	8251	+	21 (c) A county, city, or town that fails to adopt a capital improvement
	8252	+	22 plan may not receive
	8253	+	23 (1) its fractional amount of the additional revenue to be allocated
	8254	+	24 for economic development purposes; or
	8255	+	25 (2) any amount designated under subsection (a)(2)
	8256	+	26 for the year or years in which the unit does not have a plan. The county
	8257	+	27 treasurer shall retain the amounts not distributed for such a unit in a
	8258	+	28 separate account until the unit adopts a plan. Interest on the separate
	8259	+	29 account becomes part of the account. If a unit fails to adopt a plan for
	8260	+	30 a period of three (3) years, the balance in the separate account shall be
	8261	+	31 distributed to the other units in the county in the same manner that
	8262	+	32 other additional general purpose revenue allocated for economic
	8263	+	33 development purposes is distributed.
	8264	+	34 (d) A capital improvement plan must include the following
	8265	+	35 components:
	8266	+	36 (1) Identification and general description of each project that
	8267	+	37 would be funded by other additional general purpose revenue
	8268	+	38 allocated for economic development purposes.
	8269	+	39 (2) The estimated total cost of the project.
	8270	+	40 (3) Identification of all sources of funds expected to be used for
	8271	+	41 each project.
	8272	+	42 (4) The planning, development, and construction schedule of each
	8273	+	ES 1—LS 7244/DI 120 190
	8274	+	1 project.
	8275	+	2 (e) A capital improvement plan:
	8276	+	3 (1) must encompass a period of not less than two (2) years; and
	8277	+	4 (2) must incorporate projects the cost of which is at least
	8278	+	5 seventy-five percent (75%) of the fractional amount of additional
	8279	+	6 general purpose revenue allocated for economic development
	8280	+	7 purposes that is expected to be received by the county, city, or
	8281	+	8 town in that period.
	8282	+	9 (f) In making a designation under subsection (a)(2), the executive
	8283	+	10 must specify the purpose and duration of the designation. If the
	8284	+	11 designation is made to provide for the payment of lease rentals or bond
	8285	+	12 payments, the executive may specify that the designation and its
	8286	+	13 duration are irrevocable.
	8287	+	14 SECTION 134. IC 6-3.6-6-10 IS REPEALED [EFFECTIVE JULY
	8288	+	15 1, 2027]. Sec. 10. (a) This section applies to additional revenue from
	8289	+	16 a tax under this chapter that is allocated for certified shares.
	8290	+	17 (b) Additional revenue remaining from a tax imposed under this
	8291	+	18 chapter, after deducting the amounts allocated to public safety purposes
	8292	+	19 and economic development purposes, shall be allocated among the civil
	8293	+	20 taxing units as certified shares.
	8294	+	21 SECTION 135. IC 6-3.6-6-11 IS REPEALED [EFFECTIVE JULY
	8295	+	22 1, 2027]. Sec. 11. (a) Except as provided in this chapter and
	8296	+	23 IC 6-3.6-11, this section applies to an allocation of certified shares in
	8297	+	24 all counties.
	8298	+	25 (b) Any civil taxing unit that imposed an ad valorem property tax
	8299	+	26 levy in the county for the calendar year preceding the distribution year
	8300	+	27 is eligible for an allocation for the distribution year under this chapter.
	8301	+	28 (c) A school corporation is not a civil taxing unit for the purpose of
	8302	+	29 receiving an allocation of certified shares under this chapter. The
	8303	+	30 distributions to school corporations and civil taxing units in counties
	8304	+	31 that formerly imposed a tax under IC 6-3.5-1.1 (repealed) as provided
	8305	+	32 in section 3(a)(2) of this chapter is not considered an allocation of
	8306	+	33 certified shares. A school corporation's allocation amount for purposes
	8307	+	34 of section 3(a)(2) of this chapter shall be determined under section 12
	8308	+	35 of this chapter.
	8309	+	36 (d) A county solid waste management district (as defined in
	8310	+	37 IC 13-11-2-47) or a joint solid waste management district (as defined
	8311	+	38 in IC 13-11-2-113) is not a civil taxing unit for the purpose of receiving
	8312	+	39 an allocation of certified shares under this chapter unless a majority of
	8313	+	40 the members of each of the county fiscal bodies of the counties within
	8314	+	41 the district passes a resolution approving the distribution.
	8315	+	42 (e) A resolution passed by a county fiscal body under subsection (d)
	8316	+	ES 1—LS 7244/DI 120 191
	8317	+	1 may:
	8318	+	2 (1) expire on a date specified in the resolution; or
	8319	+	3 (2) remain in effect until the county fiscal body revokes or
	8320	+	4 rescinds the resolution.
	8321	+	5 SECTION 136. IC 6-3.6-6-12 IS REPEALED [EFFECTIVE JULY
	8322	+	6 1, 2027]. Sec. 12. (a) Except as provided in this chapter and
	8323	+	7 IC 6-3.6-11, this section applies to an allocation of certified shares in
	8324	+	8 all counties.
	8325	+	9 (b) The allocation amount of a civil taxing unit during a calendar
	8326	+	10 year must be based on the amounts for the calendar year preceding the
	8327	+	11 distribution year and is equal to the amount determined using the
	8328	+	12 following formula:
	8329	+	13 STEP ONE: Determine the sum of the total property taxes being
	8330	+	14 imposed by the civil taxing unit.
	8331	+	15 STEP TWO: Determine the sum of the following:
	8332	+	16 (A) Amounts appropriated from property taxes to pay the
	8333	+	17 principal of or interest on any debenture or other debt
	8334	+	18 obligation issued after June 30, 2005, other than an obligation
	8335	+	19 described in subsection (c).
	8336	+	20 (B) Amounts appropriated from property taxes to make
	8337	+	21 payments on any lease entered into after June 30, 2005, other
	8338	+	22 than a lease described in subsection (d).
	8339	+	23 STEP THREE: Subtract the STEP TWO amount from the STEP
	8340	+	24 ONE amount.
	8341	+	25 STEP FOUR: Determine the sum of:
	8342	+	26 (A) the STEP THREE amount; plus
	8343	+	27 (B) the civil taxing unit's certified shares plus the amount
	8344	+	28 distributed under section 3(a)(2) of this chapter for the
	8345	+	29 previous calendar year.
	8346	+	30 The allocation amount is subject to adjustment as provided in
	8347	+	31 IC 36-8-19-7.5.
	8348	+	32 (c) Except as provided in this subsection, an appropriation for the
	8349	+	33 calendar year preceding the distribution year from property taxes to
	8350	+	34 repay interest and principal of a debt obligation is not deducted from
	8351	+	35 the allocation amount for a civil taxing unit if:
	8352	+	36 (1) the debt obligation was issued; and
	8353	+	37 (2) the proceeds were appropriated from property taxes;
	8354	+	38 to refund or otherwise refinance a debt obligation or a lease issued
	8355	+	39 before July 1, 2005. However, an appropriation from property taxes
	8356	+	40 related to a debt obligation issued after June 30, 2005, is deducted if
	8357	+	41 the debt extends payments on a debt or lease beyond the time in which
	8358	+	42 the debt or lease would have been payable if the debt or lease had not
	8359	+	ES 1—LS 7244/DI 120 192
	8360	+	1 been refinanced or increases the total amount that must be paid on a
	8361	+	2 debt or lease in excess of the amount that would have been paid if the
	8362	+	3 debt or lease had not been refinanced. The amount of the deduction is
	8363	+	4 the annual amount for each year of the extension period or the annual
	8364	+	5 amount of the increase over the amount that would have been paid.
	8365	+	6 (d) Except as provided in this subsection, an appropriation for the
	8366	+	7 calendar year preceding the distribution year from property taxes to
	8367	+	8 make payments on a lease is not deducted from the allocation amount
	8368	+	9 for a civil taxing unit if:
	8369	+	10 (1) the lease was issued; and
	8370	+	11 (2) the proceeds were appropriated from property taxes;
	8371	+	12 to refinance a debt obligation or lease issued before July 1, 2005.
	8372	+	13 However, an appropriation from property taxes related to a lease
	8373	+	14 entered into after June 30, 2005, is deducted if the lease extends
	8374	+	15 payments on a debt or lease beyond the time in which the debt or lease
	8375	+	16 would have been payable if the debt or lease had not been refinanced
	8376	+	17 or increases the total amount that must be paid on a debt or lease in
	8377	+	18 excess of the amount that would have been paid if the debt or lease had
	8378	+	19 not been refinanced. The amount of the deduction is the annual amount
	8379	+	20 for each year of the extension period or the annual amount of the
	8380	+	21 increase over the amount that would have been paid.
	8381	+	22 SECTION 137. IC 6-3.6-6-14 IS REPEALED [EFFECTIVE JULY
	8382	+	23 1, 2027]. Sec. 14. (a) This section applies to an allocation of certified
	8383	+	24 shares in a county other than Marion County.
	8384	+	25 (b) Subject to this chapter, certified shares must be allocated among
	8385	+	26 civil taxing units based on the attributed allocation amount.
	8386	+	27 (c) The amount of certified shares to be allocated to each civil
	8387	+	28 taxing unit is equal to:
	8388	+	29 (1) the total amount of the certified distribution that is allocated
	8389	+	30 to certified shares for the county for the month; multiplied by
	8390	+	31 (2) the quotient of:
	8391	+	32 (A) the attributed allocation amount for the civil taxing unit in
	8392	+	33 the county during the calendar year; divided by
	8393	+	34 (B) the sum of the attributed allocation amounts for all civil
	8394	+	35 taxing units in the county during the calendar year.
	8395	+	36 SECTION 138. IC 6-3.6-6-15 IS REPEALED [EFFECTIVE JULY
	8396	+	37 1, 2027]. Sec. 15. (a) This section applies to an allocation or
	8397	+	38 distribution, or both, of certified shares that is required to be made to
	8398	+	39 a civil taxing unit in a county other than Marion County.
	8399	+	40 (b) IC 36-8-19-7.5 applies to the adjustment of the amounts
	8400	+	41 distributed to a civil taxing unit that participates in a fire protection
	8401	+	42 territory.
	8402	+	ES 1—LS 7244/DI 120 193
	8403	+	1 SECTION 139. IC 6-3.6-6-16 IS REPEALED [EFFECTIVE JULY
	8404	+	2 1, 2027]. Sec. 16. IC 6-3.6-11 applies to the allocation of certified
	8405	+	3 shares in Marion County.
	8406	+	4 SECTION 140. IC 6-3.6-6-17, AS ADDED BY P.L.243-2015,
	8407	+	5 SECTION 10, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	8408	+	6 JULY 1, 2027]: Sec. 17. A county, city, town, or nonmunicipal civil
	8409	+	7 taxing unit may use its certified shares general purpose revenue for
	8410	+	8 any of the purposes of the civil taxing unit.
	8411	+	9 SECTION 141. IC 6-3.6-6-18, AS ADDED BY P.L.243-2015,
	8412	+	10 SECTION 10, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	8413	+	11 JULY 1, 2027]: Sec. 18. (a) A county, city, town, or nonmunicipal
	8414	+	12 civil taxing unit may pledge its certified shares general purpose
	8415	+	13 revenue to the payment of bonds or to lease payments for:
	8416	+	14 (1) any purpose of the civil taxing unit;
	8417	+	15 (2) any purpose of another governmental entity located in any part
	8418	+	16 in the county, including a governmental entity organized on a
	8419	+	17 regional basis; or
	8420	+	18 (3) any purpose for which certified shares general purpose
	8421	+	19 revenue may be used by the unit under IC 6-3.6-10. this
	8422	+	20 chapter.
	8423	+	21 (b) The pledge must be approved in an ordinance adopted by the
	8424	+	22 fiscal body of the political subdivision.
	8425	+	23 SECTION 142. IC 6-3.6-6-19, AS ADDED BY P.L.243-2015,
	8426	+	24 SECTION 10, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	8427	+	25 JULY 1, 2027]: Sec. 19. (a) A county, city, town, or nonmunicipal
	8428	+	26 civil taxing unit may distribute any part of its certified shares general
	8429	+	27 purpose revenue to any governmental entity located in any part of its
	8430	+	28 county to:
	8431	+	29 (1) carry out a joint purpose; or
	8432	+	30 (2) fund the purposes of the other governmental entity;
	8433	+	31 including a governmental entity organized on a regional basis to serve
	8434	+	32 an area in more than one (1) county.
	8435	+	33 (b) The distribution must be authorized by ordinance of the fiscal
	8436	+	34 body of the civil taxing unit to which the revenue is allocated by this
	8437	+	35 chapter. An ordinance must specify the purpose of the designation and
	8438	+	36 its duration.
	8439	+	37 (c) The fiscal body officer of the civil taxing unit may direct the
	8440	+	38 county auditor in accordance with the ordinance to withhold from the
	8441	+	39 civil taxing unit's allocation the amount that is the subject of the
	8442	+	40 ordinance and distribute the amount directly to the other governmental
	8443	+	41 entity authorized to receive the money.
	8444	+	42 SECTION 143. IC 6-3.6-6-20 IS REPEALED [EFFECTIVE JULY
	8445	+	ES 1—LS 7244/DI 120 194
	8446	+	1 1, 2027]. Sec. 20. (a) This section does not apply to distributions of
	8447	+	2 revenue under section 9 of this chapter.
	8448	+	3 (b) This section applies only to the following:
	8449	+	4 (1) Any allocation or distribution of revenue under section 3(a)(2)
	8450	+	5 of this chapter that is made on the basis of property tax levies in
	8451	+	6 counties that formerly imposed a tax under IC 6-3.5-1.1 (before
	8452	+	7 its repeal January 1, 2017).
	8453	+	8 (2) Any allocation or distribution of revenue under section 3(a)(3)
	8454	+	9 of this chapter that is made on the basis of property tax levies in
	8455	+	10 counties that formerly imposed a tax under IC 6-3.5-6 (before its
	8456	+	11 repeal January 1, 2017).
	8457	+	12 (c) Subject to subsection (b), if a school corporation or civil taxing
	8458	+	13 unit of an adopting county does not impose a property tax levy that is
	8459	+	14 first due and payable in the calendar year preceding the year in which
	8460	+	15 revenue under section 3(a)(2) or 3(a)(3) of this chapter is being
	8461	+	16 allocated or distributed, that school corporation or civil taxing unit is
	8462	+	17 entitled to receive a part of the revenue under section 3(a)(2) or 3(a)(3)
	8463	+	18 of this chapter (as appropriate) to be distributed within the county. The
	8464	+	19 fractional amount that such a school corporation or civil taxing unit is
	8465	+	20 entitled to receive each month during that calendar year equals the
	8466	+	21 product of:
	8467	+	22 (1) the amount of revenue under section 3(a)(2) or 3(a)(3) of this
	8468	+	23 chapter to be distributed on the basis of property tax levies during
	8469	+	24 that month; multiplied by
	8470	+	25 (2) a fraction. The numerator of the fraction equals the budget of
	8471	+	26 that school corporation or civil taxing unit for the distribution
	8472	+	27 year. The denominator of the fraction equals the aggregate
	8473	+	28 budgets of all school corporations or civil taxing units of that
	8474	+	29 county for the distribution year.
	8475	+	30 (d) Subject to subsection (b), if for a calendar year a school
	8476	+	31 corporation or civil taxing unit is allocated a part of a county's revenue
	8477	+	32 under section 3(a)(2) or 3(a)(3) of this chapter by subsection (c), the
	8478	+	33 calculations used to determine the shares of revenue of all other school
	8479	+	34 corporations and civil taxing units under section 3(a)(2) or 3(a)(3) of
	8480	+	35 this chapter (as appropriate) shall be changed each month for that same
	8481	+	36 year by reducing the amount of revenue to be distributed by the amount
	8482	+	37 of revenue under section 3(a)(2) or 3(a)(3) of this chapter allocated
	8483	+	38 under subsection (c) for that same month. The department of local
	8484	+	39 government finance shall make any adjustments required by this
	8485	+	40 subsection and provide them to the appropriate county auditors.
	8486	+	41 SECTION 144. IC 6-3.6-6-21, AS ADDED BY P.L.229-2017,
	8487	+	42 SECTION 31, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	8488	+	ES 1—LS 7244/DI 120 195
	8489	+	1 JULY 1, 2027]: Sec. 21. A county, city, town, or nonmunicipal civil
	8490	+	2 taxing unit may contribute any part of its certified shares general
	8491	+	3 purpose revenue to the regional development infrastructure fund
	8492	+	4 established by IC 36-9-43-9. The contribution must be approved in an
	8493	+	5 ordinance adopted by the fiscal body of the political subdivision.
	8494	+	6 SECTION 145. IC 6-3.6-6-21.2 IS REPEALED [EFFECTIVE JULY
	8495	+	7 1, 2027]. Sec. 21.2. A school corporation that receives a distribution of
	8496	+	8 revenue under section 3 of this chapter may allocate the revenue among
	8497	+	9 any of its funds.
	8498	+	10 SECTION 146. IC 6-3.6-6-21.3, AS ADDED BY P.L.137-2024,
	8499	+	11 SECTION 10, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	8500	+	12 JULY 1, 2027]: Sec. 21.3. (a) This section applies to distributions of
	8501	+	13 revenue before January 1, 2028. This section:
	8502	+	14 (1) does not apply to:
	8503	+	15 (A) distributions made under this chapter to a civil taxing unit
	8504	+	16 for fire protection services within a fire protection territory
	8505	+	17 established under IC 36-8-19; or
	8506	+	18 (B) distributions of revenue under section 9 of this chapter
	8507	+	19 (before its repeal); and
	8508	+	20 (2) applies only to the following:
	8509	+	21 (A) Any allocation or distribution of revenue under section
	8510	+	22 3(a)(2) of this chapter (as in effect before July 1, 2027) that
	8511	+	23 is made on the basis of property tax levies in counties that
	8512	+	24 formerly imposed a tax under IC 6-3.5-1.1 (before its repeal on
	8513	+	25 January 1, 2017).
	8514	+	26 (B) Any allocation or distribution of revenue under section
	8515	+	27 3(a)(3) of this chapter (as in effect before July 1, 2027) that
	8516	+	28 is made on the basis of property tax levies in counties that
	8517	+	29 formerly imposed a tax under IC 6-3.5-6 (before its repeal on
	8518	+	30 January 1, 2017).
	8519	+	31 (b) Subject to subsection (a), if two (2) or more:
	8520	+	32 (1) school corporations; or
	8521	+	33 (2) civil taxing units;
	8522	+	34 of an adopting county merge or consolidate to form a single school
	8523	+	35 corporation or civil taxing unit, the school corporation or civil taxing
	8524	+	36 unit that is in existence on January 1 of the current year is entitled to
	8525	+	37 the combined pro rata distribution of the revenue under section 3(a)(2)
	8526	+	38 or 3(a)(3) (as in effect before July 1, 2027) of this chapter (as
	8527	+	39 appropriate) allocated to each applicable school corporation or civil
	8528	+	40 taxing unit in existence on January 1 of the immediately preceding
	8529	+	41 calendar year prior to the merger or consolidation.
	8530	+	42 (c) The department of local government finance shall make
	8531	+	ES 1—LS 7244/DI 120 196
	8532	+	1 adjustments to civil taxing units in accordance with IC 6-1.1-18.5-7.
	8533	+	2 SECTION 147. IC 6-3.6-6-22 IS ADDED TO THE INDIANA
	8534	+	3 CODE AS A NEW SECTION TO READ AS FOLLOWS
	8535	+	4 [EFFECTIVE JULY 1, 2027]: Sec. 22. (a) As used in this section,
	8536	+	5 "municipality" means only a city or town that:
	8537	+	6 (1) has a population of three thousand five hundred (3,500) or
	8538	+	7 more; and
	8539	+	8 (2) in the case of a city or town whose population decreased in
	8540	+	9 the most recent federal decennial census from three thousand
	8541	+	10 five hundred (3,500) or more to less than three thousand five
	8542	+	11 hundred (3,500), has elected by ordinance to continue to use
	8543	+	12 its previous population of three thousand five hundred (3,500)
	8544	+	13 or more as set forth in section 23(b)(2) of this chapter for
	8545	+	14 purposes of the allocation determination under section 6.1 of
	8546	+	15 this chapter.
	8547	+	16 The term does not include a city or town that has made an election
	8548	+	17 under section 23(b)(3) of this chapter.
	8549	+	18 (b) Beginning after December 31, 2027, the fiscal body of a
	8550	+	19 municipality may by ordinance and subject to subsection (e),
	8551	+	20 impose a local income tax rate on the adjusted gross income of
	8552	+	21 local taxpayers in the municipality that does not exceed one and
	8553	+	22 two-tenths percent (1.2%).
	8554	+	23 (c) The following apply if a municipality imposes a local income
	8555	+	24 tax rate under this section:
	8556	+	25 (1) A local income tax rate imposed by a municipality under
	8557	+	26 this section applies only to local taxpayers within the territory
	8558	+	27 of the municipality.
	8559	+	28 (2) The local income tax is imposed in addition to a tax
	8560	+	29 imposed by the county in which the municipality is located in
	8561	+	30 accordance with IC 6-3.6-4-1(a) and IC 6-3.6-4-1(c).
	8562	+	31 (3) The following provisions of this article apply to a local
	8563	+	32 income tax rate imposed by a municipality under subsection
	8564	+	33 (b):
	8565	+	34 (A) IC 6-3.6-3 (adoption of the tax), including the effective
	8566	+	35 date of an ordinance under IC 6-3.6-3-3.3.
	8567	+	36 (B) IC 6-3.6-4 (imposition of the tax), except that
	8568	+	37 IC 6-3.6-4-2 and IC 6-3.6-4-3 do not apply.
	8569	+	38 (C) IC 6-3.6-8 (administration of the tax).
	8570	+	39 (4) A local income tax rate imposed by a municipality shall
	8571	+	40 apply to professional athletes who compete in the
	8572	+	41 municipality, unless exempted under IC 6-3-2-27.5 or other
	8573	+	42 provision of law.
	8574	+	ES 1—LS 7244/DI 120 197
	8575	+	1 (d) The amount of the tax revenue that is from the local income
	8576	+	2 tax rate imposed under this section and that is collected for a
	8577	+	3 calendar year shall be treated as general purpose revenue and
	8578	+	4 must be distributed to the fiscal officer of the municipality that
	8579	+	5 imposed the tax before July 1 of the next calendar year.
	8580	+	6 (e) Beginning after December 31, 2030, a tax rate imposed under
	8581	+	7 subsection (b) shall expire on December 31 of each calendar year.
	8582	+	8 A municipality wishing to continue, increase, or decrease a tax rate
	8583	+	9 in the succeeding year must pass an ordinance to readopt a tax rate
	8584	+	10 in accordance with IC 6-3.6-3-3.3. This subsection applies
	8585	+	11 regardless of whether there is a modification in the tax rate or the
	8586	+	12 rate is unchanged from the previous year.
	8587	+	13 SECTION 148. IC 6-3.6-6-23 IS ADDED TO THE INDIANA
	8588	+	14 CODE AS A NEW SECTION TO READ AS FOLLOWS
	8589	+	15 [EFFECTIVE JULY 1, 2027]: Sec. 23. (a) This section applies in
	8590	+	16 determining the population of a city or town for the purposes of
	8591	+	17 this chapter.
	8592	+	18 (b) The following apply:
	8593	+	19 (1) Except as provided in subdivisions (2) and (3), the
	8594	+	20 population of a city or town is the population of the city or
	8595	+	21 town that is reported by the 2020 federal decennial census.
	8596	+	22 (2) Beginning after 2030, if the population of a city or town:
	8597	+	23 (A) increases from a population of less than three thousand
	8598	+	24 five hundred (3,500), as reported by the immediately
	8599	+	25 preceding federal decennial census, to a population of
	8600	+	26 three thousand five hundred (3,500) or more, as reported
	8601	+	27 by the most recent federal decennial census, or, if
	8602	+	28 applicable, any corrected population count (as defined in
	8603	+	29 IC 1-1-3.5-1.5) issued for the city or town in the year
	8604	+	30 succeeding the most recent federal decennial census; or
	8605	+	31 (B) decreases from a population of three thousand five
	8606	+	32 hundred (3,500) or more, as reported by the immediately
	8607	+	33 preceding federal decennial census, to a population of less
	8608	+	34 than three thousand five hundred (3,500), as reported by
	8609	+	35 the most recent federal decennial census, or, if applicable,
	8610	+	36 any corrected population count (as defined in
	8611	+	37 IC 1-1-3.5-1.5) issued for the city or town in the year
	8612	+	38 succeeding the most recent federal decennial census;
	8613	+	39 the fiscal body of the city or town may adopt an ordinance on
	8614	+	40 or before September 1 of the calendar year immediately
	8615	+	41 succeeding the most recent federal decennial census to
	8616	+	42 continue to use the population of the city or town as reported
	8617	+	ES 1—LS 7244/DI 120 198
	8618	+	1 by the immediately preceding federal decennial census and
	8619	+	2 the resulting determination for the city or town under section
	8620	+	3 22 of this chapter, notwithstanding the increase or decrease in
	8621	+	4 its population as reported by the most recent federal
	8622	+	5 decennial census as described in this subdivision. An
	8623	+	6 ordinance adopted under this subdivision shall take effect on
	8624	+	7 January 1 of the calendar year that immediately succeeds the
	8625	+	8 year in which the ordinance is adopted. The fiscal officer of
	8626	+	9 the city or town shall provide a certified copy of an ordinance
	8627	+	10 adopted under this subdivision to the department of local
	8628	+	11 government finance.
	8629	+	12 (3) This subdivision applies only to cities and towns with a
	8630	+	13 population of more than three thousand five hundred (3,500)
	8631	+	14 but less than seven thousand (7,000). Notwithstanding any
	8632	+	15 other provision, a fiscal body of a city or town may adopt an
	8633	+	16 ordinance to elect to be treated as if the city's or town's
	8634	+	17 population is less than three thousand five hundred (3,500) for
	8635	+	18 purposes of a county local income tax rate and distribution
	8636	+	19 under this chapter. An ordinance adopted under this
	8637	+	20 subdivision shall take effect on January 1 of the calendar year
	8638	+	21 that immediately succeeds the year in which the ordinance is
	8639	+	22 adopted. The fiscal officer of the city or town shall provide a
	8640	+	23 certified copy of an ordinance adopted under this subdivision
	8641	+	24 to the department of local government finance. An ordinance
	8642	+	25 adopted by a city or town under this subdivision is not
	8643	+	26 revocable and shall not expire following the next federal
	8644	+	27 decennial census.
	8645	+	28 SECTION 149. IC 6-3.6-7-9, AS AMENDED BY P.L.239-2023,
	8646	+	29 SECTION 14, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	8647	+	30 JULY 1, 2027]: Sec. 9. (a) This section applies only to Hancock
	8648	+	31 County.
	8649	+	32 (b) The county fiscal body may, by ordinance, allocate part of the
	8650	+	33 tax rate imposed under IC 6-3.6-5 (before its expiration), not to
	8651	+	34 exceed a tax rate of fifteen hundredths percent (0.15%), to a property
	8652	+	35 tax credit against the property tax liability imposed for public libraries
	8653	+	36 in the county, if all territory in the county is included in a library
	8654	+	37 district. The county treasurer shall establish a library property tax
	8655	+	38 replacement fund to be used only for the purposes described in this
	8656	+	39 section. Tax revenues derived from the part of the tax rate imposed
	8657	+	40 under IC 6-3-5 IC 6-3.6-5 (before its expiration) that is designated for
	8658	+	41 property tax replacement credits under this section shall be deposited
	8659	+	42 in the library property tax replacement fund. Any interest earned on
	8660	+	ES 1—LS 7244/DI 120 199
	8661	+	1 money in the library property tax replacement fund shall be credited to
	8662	+	2 the library property tax replacement fund.
	8663	+	3 (c) The amount of property tax replacement credits that each public
	8664	+	4 library in the county is entitled to receive during a calendar year under
	8665	+	5 this section (before the expiration of IC 6-3.6-5) equals the lesser of:
	8666	+	6 (1) the product of:
	8667	+	7 (A) the amount of revenue deposited by the county auditor in
	8668	+	8 the library property tax replacement fund; multiplied by
	8669	+	9 (B) a fraction described as follows:
	8670	+	10 (i) The numerator of the fraction equals the sum of the total
	8671	+	11 property taxes that would have been collected by the public
	8672	+	12 library during the previous calendar year from taxpayers
	8673	+	13 located within the library district if the property tax
	8674	+	14 replacement under this section had not been in effect.
	8675	+	15 (ii) The denominator of the fraction equals the sum of the
	8676	+	16 total property taxes that would have been collected during
	8677	+	17 the previous year from taxpayers located within the county
	8678	+	18 by all public libraries that are eligible to receive property tax
	8679	+	19 replacement credits under this section if the property tax
	8680	+	20 replacement under this section had not been in effect; or
	8681	+	21 (2) the total property taxes that would otherwise be collected by
	8682	+	22 the public library for the calendar year if the property tax
	8683	+	23 replacement credit under this section were not in effect.
	8684	+	24 The department of local government finance shall make any
	8685	+	25 adjustments necessary to account for the expansion of a library district.
	8686	+	26 However, a public library is eligible to receive property tax
	8687	+	27 replacement credits under this section only if it has entered into
	8688	+	28 reciprocal borrowing agreements with all other public libraries in the
	8689	+	29 county. If the total amount of tax revenue deposited by the county
	8690	+	30 auditor in the library property tax replacement fund for a calendar year
	8691	+	31 exceeds the total property tax liability that would otherwise be imposed
	8692	+	32 for public libraries in the county for the year, the excess must remain
	8693	+	33 in the library property tax replacement fund and may be used for library
	8694	+	34 property tax replacement purposes in the following calendar year.
	8695	+	35 (d) A public library receiving property tax replacement credits under
	8696	+	36 this section shall allocate the credits among each fund for which a
	8697	+	37 distinct property tax levy is imposed in proportion to the property taxes
	8698	+	38 levied for each fund. However, if a public library did not impose a
	8699	+	39 property tax levy during the previous calendar year or did not impose
	8700	+	40 a property tax levy for a particular fund during the previous calendar
	8701	+	41 year, but the public library is imposing a property tax levy in the
	8702	+	42 current calendar year or is imposing a property tax levy for the
	8703	+	ES 1—LS 7244/DI 120 200
	8704	+	1 particular fund in the current calendar year, the department of local
	8705	+	2 government finance shall adjust the amount of property tax
	8706	+	3 replacement credits allocated among the various funds of the public
	8707	+	4 library and shall provide the adjustment to the county auditor. If a
	8708	+	5 public library receiving property tax replacement credits under this
	8709	+	6 section does not impose a property tax levy for a particular fund that is
	8710	+	7 first due and payable in a calendar year in which the property tax
	8711	+	8 replacement credits are being distributed, the public library is not
	8712	+	9 required to allocate to that fund a part of the property tax replacement
	8713	+	10 credits to be distributed to the public library. Notwithstanding
	8714	+	11 IC 6-1.1-20-1.1(a)(1), a public library that receives property tax
	8715	+	12 replacement credits under this section is subject to the procedures for
	8716	+	13 the issuance of bonds set forth in IC 6-1.1-20.
	8717	+	14 (e) A public library shall treat property tax replacement credits
	8718	+	15 received during a particular calendar year under this section as a part
	8719	+	16 of the public library's property tax levy for each fund for that same
	8720	+	17 calendar year for purposes of fixing the public library's budget and for
	8721	+	18 purposes of the property tax levy limits imposed by IC 6-1.1-18.5.
	8722	+	19 (f) For the purpose of allocating tax revenue under IC 6-3.6-6 and
	8723	+	20 computing and distributing tax revenue under IC 6-5.5 or IC 6-6-5, the
	8724	+	21 property tax replacement credits that are received under this section
	8725	+	22 shall be treated as though they were property taxes that were due and
	8726	+	23 payable during that same calendar year.
	8727	+	24 SECTION 150. IC 6-3.6-7-28, AS AMENDED BY P.L.136-2024,
	8728	+	25 SECTION 30, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	8729	+	26 JULY 1, 2027]: Sec. 28. (a) This section applies to Grant County and
	8730	+	27 only if the local income tax council county adopting body repeals
	8731	+	28 provisions of its local income tax ordinance providing that under
	8732	+	29 IC 6-3.6-10-2(7) one-hundredth of one percent (0.01%) of the county's
	8733	+	30 special purpose rate revenue is used to fund the Grant County
	8734	+	31 Economic Growth Council, Inc.
	8735	+	32 (b) The local income tax council county adopting body may, by
	8736	+	33 ordinance, determine that additional local income tax revenue is
	8737	+	34 needed in the county to do the following:
	8738	+	35 (1) Finance, construct, acquire, improve, renovate, and equip the
	8739	+	36 county jail, including costs related to the demolition of existing
	8740	+	37 buildings, the acquisition of land, and any other reasonably
	8741	+	38 related costs.
	8742	+	39 (2) Repay bonds issued or leases entered into for the purposes
	8743	+	40 described in subdivision (1).
	8744	+	41 (c) If the local income tax council county adopting body makes the
	8745	+	42 determination set forth in subsection (b), the local income tax council
	8746	+	ES 1—LS 7244/DI 120 201
	8747	+	1 county adopting body may impose a tax on the adjusted gross income
	8748	+	2 of local taxpayers at a tax rate that does not exceed the lesser of the
	8749	+	3 following:
	8750	+	4 (1) Five-tenths percent (0.5%).
	8751	+	5 (2) The rate necessary to carry out the purposes described in this
	8752	+	6 section.
	8753	+	7 The tax rate may not be greater than the rate necessary to pay for the
	8754	+	8 purposes described in subsection (b).
	8755	+	9 (d) The tax rate used to pay for the purposes described in subsection
	8756	+	10 (b)(1) and (b)(2) may be imposed only until the latest of the following
	8757	+	11 dates:
	8758	+	12 (1) The date on which the financing, construction, acquisition,
	8759	+	13 improvement, renovation, and equipping of the facilities as
	8760	+	14 described in subsection (b) are completed.
	8761	+	15 (2) The date on which the last of any bonds issued (including
	8762	+	16 refunding bonds) or leases entered into to finance the
	8763	+	17 construction, acquisition, improvement, renovation, and
	8764	+	18 equipping of the facilities described in subsection (b) are fully
	8765	+	19 paid.
	8766	+	20 (3) The date on which an ordinance adopted under subsection (c)
	8767	+	21 is rescinded.
	8768	+	22 (e) The tax rate under this section may be imposed beginning in the
	8769	+	23 year following the year the ordinance is adopted and until the date on
	8770	+	24 which the ordinance adopted under this section is rescinded.
	8771	+	25 (f) The term of a bond issued (including any refunding bond) or a
	8772	+	26 lease entered into under subsection (b) may not exceed twenty-five (25)
	8773	+	27 years.
	8774	+	28 (g) The county treasurer shall establish a county jail revenue fund
	8775	+	29 to be used only for the purposes described in this section. Local income
	8776	+	30 tax revenues derived from the tax rate imposed under this section shall
	8777	+	31 be deposited in the county jail revenue fund.
	8778	+	32 (h) Local income tax revenues derived from the tax rate imposed
	8779	+	33 under this section:
	8780	+	34 (1) may be used only for the purposes described in this section;
	8781	+	35 (2) may not be considered by the department of local government
	8782	+	36 finance in determining the county's maximum permissible
	8783	+	37 property tax levy limit under IC 6-1.1-18.5; and
	8784	+	38 (3) may be pledged to the repayment of bonds issued or leases
	8785	+	39 entered into for the purposes described in subsection (b).
	8786	+	40 (i) Grant County possesses unique governmental challenges and
	8787	+	41 opportunities due to deficiencies in the current county jail. The use of
	8788	+	42 local income tax revenues as provided in this section is necessary for
	8789	+	ES 1—LS 7244/DI 120 202
	8790	+	1 the county to provide adequate jail capacity in the county and to
	8791	+	2 maintain low property tax rates essential to economic development.
	8792	+	3 The use of local income tax revenues as provided in this section to pay
	8793	+	4 any bonds issued or leases entered into to finance the construction,
	8794	+	5 acquisition, improvement, renovation, and equipping of the facilities
	8795	+	6 described in subsection (b), rather than the use of property taxes,
	8796	+	7 promotes those purposes.
	8797	+	8 (j) Money accumulated from the local income tax rate imposed
	8798	+	9 under this section after the termination of the tax under this section
	8799	+	10 shall be transferred to the county rainy day fund under IC 36-1-8-5.1.
	8800	+	11 SECTION 151. IC 6-3.6-8-3, AS ADDED BY P.L.243-2015,
	8801	+	12 SECTION 10, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	8802	+	13 JANUARY 1, 2028]: Sec. 3. (a) For purposes of this article, an
	8803	+	14 individual shall be treated as a resident of the county (or the
	8804	+	15 municipality in the case of a local income tax imposed under
	8805	+	16 IC 6-3.6-6-22) in which the individual:
	8806	+	17 (1) maintains a home, if the individual maintains only one (1)
	8807	+	18 home in Indiana;
	8808	+	19 (2) if subdivision (1) does not apply, is registered to vote;
	8809	+	20 (3) if subdivision (1) or (2) does not apply, registers the
	8810	+	21 individual's personal automobile; or
	8811	+	22 (4) spent the majority of the individual's time in Indiana during
	8812	+	23 the taxable year in question, if subdivision (1), (2), or (3) does not
	8813	+	24 apply.
	8814	+	25 (b) The residence or principal place of business or employment of
	8815	+	26 an individual is to be determined on January 1 of the calendar year in
	8816	+	27 which the individual's taxable year commences. If an individual
	8817	+	28 changes the location of the individual's residence or principal place of
	8818	+	29 employment or business to another county (or municipality in the
	8819	+	30 case of a local income tax imposed under IC 6-3.6-6-22) in Indiana
	8820	+	31 during a calendar year, the individual's liability for tax is not affected.
	8821	+	32 (c) Notwithstanding subsection (b), if an individual becomes a local
	8822	+	33 taxpayer for purposes of IC 36-7-27 during a calendar year because the
	8823	+	34 individual
	8824	+	35 (1) changes the location of the individual's residence to a county
	8825	+	36 or municipality in which the individual begins employment or
	8826	+	37 business at a qualified economic development tax project (as
	8827	+	38 defined in IC 36-7-27-9), or
	8828	+	39 (2) changes the location of the individual's principal place of
	8829	+	40 employment or business to a qualified economic development tax
	8830	+	41 project and does not reside in another county in which a tax is in
	8831	+	42 effect;
	8832	+	ES 1—LS 7244/DI 120 203
	8833	+	1 the individual's adjusted gross income attributable to employment or
	8834	+	2 business at the qualified economic development tax project is taxable
	8835	+	3 only by the county or municipality containing the qualified economic
	8836	+	4 development tax project.
	8837	+	5 SECTION 152. IC 6-3.6-8-4, AS ADDED BY P.L.243-2015,
	8838	+	6 SECTION 10, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	8839	+	7 JULY 1, 2027]: Sec. 4. (a) Using procedures provided under this
	8840	+	8 chapter, the adopting body of any adopting county or municipality
	8841	+	9 may pass an ordinance to enter into reciprocity agreements with the
	8842	+	10 taxing authority of any city, town, municipality, county, or other similar
	8843	+	11 local governmental entity of any other state. The reciprocity
	8844	+	12 agreements must provide that the income of resident local taxpayers is
	8845	+	13 exempt from income taxation by the other local governmental entity to
	8846	+	14 the extent income of the residents of the other local governmental
	8847	+	15 entity is exempt from the tax in the adopting county or municipality.
	8848	+	16 (b) A reciprocity agreement adopted under this section may not
	8849	+	17 become effective until it is also made effective in the other local
	8850	+	18 governmental entity that is a party to the agreement.
	8851	+	19 (c) The form and effective date of any reciprocity agreement
	8852	+	20 described in this section must be approved by the department.
	8853	+	21 SECTION 153. IC 6-3.6-8-5, AS AMENDED BY P.L.197-2016,
	8854	+	22 SECTION 64, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	8855	+	23 JANUARY 1, 2028]: Sec. 5. (a) Except as otherwise provided in
	8856	+	24 subsection (b) and the other provisions of this article, all provisions of
	8857	+	25 the adjusted gross income tax law (IC 6-3) concerning:
	8858	+	26 (1) definitions;
	8859	+	27 (2) declarations of estimated tax;
	8860	+	28 (3) filing of returns;
	8861	+	29 (4) deductions or exemptions from adjusted gross income;
	8862	+	30 (5) remittances;
	8863	+	31 (6) incorporation of the provisions of the Internal Revenue Code;
	8864	+	32 (7) penalties and interest; and
	8865	+	33 (8) exclusion of military pay credits for withholding;
	8866	+	34 apply to the imposition, collection, and administration of the tax
	8867	+	35 imposed by this article.
	8868	+	36 (b) IC 6-3-3-3, IC 6-3-3-5, and IC 6-3-5-1 do not apply to the tax
	8869	+	37 imposed by this article.
	8870	+	38 (c) Notwithstanding subsections (a) and (b), each employer shall
	8871	+	39 report to the department of state revenue the amount of withholdings
	8872	+	40 attributable to each county (or each municipality in the case of a
	8873	+	41 local income tax imposed under IC 6-3.6-6-22). This report shall be
	8874	+	42 submitted to the department of state revenue:
	8875	+	ES 1—LS 7244/DI 120 204
	8876	+	1 (1) each time the employer remits to the department the tax that
	8877	+	2 is withheld; and
	8878	+	3 (2) annually along with the employer's annual withholding report.
	8879	+	4 SECTION 154. IC 6-3.6-9-1, AS AMENDED BY P.L.165-2021,
	8880	+	5 SECTION 93, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	8881	+	6 JULY 1, 2027]: Sec. 1. (a) The budget agency shall maintain an
	8882	+	7 accounting for each county imposing a tax based on annual returns
	8883	+	8 filed by or for county taxpayers. Any undistributed amounts so
	8884	+	9 accounted for shall be held in reserve for the respective counties
	8885	+	10 separate from the state general fund.
	8886	+	11 (b) Undistributed amounts shall be invested by the treasurer of state
	8887	+	12 and the income earned shall be credited to the counties based on each
	8888	+	13 county's undistributed amount.
	8889	+	14 (c) This section expires December 31, 2027.
	8890	+	15 SECTION 155. IC 6-3.6-9-1.1 IS ADDED TO THE INDIANA
	8891	+	16 CODE AS A NEW SECTION TO READ AS FOLLOWS
	8892	+	17 [EFFECTIVE JULY 1, 2027]: Sec. 1.1. As used in this chapter, "state
	8893	+	18 and local income tax holding account" refers to the state and local
	8894	+	19 income tax holding account established by section 20 of this
	8895	+	20 chapter.
	8896	+	21 SECTION 156. IC 6-3.6-9-4, AS AMENDED BY P.L.137-2022,
	8897	+	22 SECTION 54, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	8898	+	23 JULY 1, 2027]: Sec. 4. Revenue derived from the imposition of the tax
	8899	+	24 shall, in the manner prescribed by this chapter, be distributed to the
	8900	+	25 county that imposed it. The amount that is to be distributed to a county
	8901	+	26 during an ensuing calendar year equals the amount of tax revenue that
	8902	+	27 the budget agency determines has been:
	8903	+	28 (1) attributed to that county for a taxable year ending in a calendar
	8904	+	29 year preceding the calendar year in which the determination is
	8905	+	30 made; and
	8906	+	31 (2) reported on an annual return or amended return filed by or for
	8907	+	32 a county taxpayer and processed by the department in the state
	8908	+	33 fiscal year ending before July 1, or for a federal income tax
	8909	+	34 deadline set after July 1, a date set by the department for a period
	8910	+	35 of not more than sixty (60) days beyond the federal deadline, of
	8911	+	36 the calendar year in which the determination is made;
	8912	+	37 without adjustment based on the enactment of a tax rate change
	8913	+	38 under IC 6-3.6-6-2 or IC 6-3.6-6-22 in the first preceding calendar
	8914	+	39 year it becomes effective.
	8915	+	40 SECTION 157. IC 6-3.6-9-4.1, AS ADDED BY P.L.165-2021,
	8916	+	41 SECTION 95, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	8917	+	42 JULY 1, 2027]: Sec. 4.1. The budget agency shall adjust the amounts
	8918	+	ES 1—LS 7244/DI 120 205
	8919	+	1 determined under section 4 of this chapter for the credits claimed
	8920	+	2 against local income taxes under IC 6-3.6-8-6 and IC 6-3.1-19. The
	8921	+	3 adjustments made by the budget agency may be phased-in over several
	8922	+	4 fiscal calendar years until the credits are fully accounted for.
	8923	+	5 SECTION 158. IC 6-3.6-9-5, AS AMENDED BY P.L.32-2021,
	8924	+	6 SECTION 13, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	8925	+	7 JULY 1, 2027]: Sec. 5. (a) Before August 2 of each calendar year, the
	8926	+	8 budget agency shall provide to the department of local government
	8927	+	9 finance and the county auditor of each adopting county an estimate of
	8928	+	10 the amount determined under section 4 of this chapter that will be
	8929	+	11 distributed to the county, based on known tax rates. Subject to
	8930	+	12 subsection (c), not later than fifteen (15) days after receiving the
	8931	+	13 estimate of the certified distribution, the department of local
	8932	+	14 government finance shall determine for each taxing unit and notify the
	8933	+	15 county auditor of the estimated amount of property tax credits, school
	8934	+	16 distributions, public safety revenue, economic development revenue,
	8935	+	17 certified shares, and special purpose revenue that will be distributed to
	8936	+	18 the taxing unit under this chapter during the ensuing calendar year. Not
	8937	+	19 later than thirty (30) days after receiving the department's estimate, the
	8938	+	20 county auditor shall notify each taxing unit of the amounts estimated
	8939	+	21 for the taxing unit.
	8940	+	22 (b) (a) Before October 1 of each calendar year, the budget agency
	8941	+	23 shall certify to the department of local government finance and the
	8942	+	24 county auditor of each adopting county
	8943	+	25 (1) the amount determined under section sections 4 and 4.1 of
	8944	+	26 this chapter. and
	8945	+	27 (2) the amount of interest in the county's account that has accrued
	8946	+	28 and has not been included in a certification made in a preceding
	8947	+	29 year.
	8948	+	30 The amount certified is the county's certified distribution for the
	8949	+	31 immediately succeeding calendar year. The amount certified shall be
	8950	+	32 adjusted, as necessary, under sections 6, 7, and 8 6 and 7 of this
	8951	+	33 chapter. Subject to subsection (d), (b), not later than fifteen (15) days
	8952	+	34 thirty (30) days after receiving the amount of the certified distribution,
	8953	+	35 the department of local government finance shall determine for each
	8954	+	36 taxing unit and notify the county auditor of the certified amount of
	8955	+	37 property tax credits, school distributions, public safety revenue,
	8956	+	38 economic development revenue, certified shares, and special purpose
	8957	+	39 revenue that will be distributed to the taxing unit under this chapter
	8958	+	40 during the ensuing calendar year. Not later than thirty (30) days after
	8959	+	41 receiving the department's estimate, the county auditor shall notify each
	8960	+	42 taxing unit of the certified amounts for the taxing unit.
	8961	+	ES 1—LS 7244/DI 120 206
	8962	+	1 (c) This subsection applies to Lake County. When the department
	8963	+	2 of local government finance notifies the county auditor of the estimated
	8964	+	3 amount of property tax credits, school distributions, public safety
	8965	+	4 revenue, economic development revenue, certified shares, and special
	8966	+	5 purpose revenue that will be distributed to the taxing unit under this
	8967	+	6 chapter during the ensuing calendar year, the department of local
	8968	+	7 government finance shall also determine the amount of additional
	8969	+	8 revenue allocated for economic development purposes that will be
	8970	+	9 distributed to each civil taxing unit, reduced by an amount that is equal
	8971	+	10 to the following percentages of the tax revenue that would otherwise be
	8972	+	11 allocated for economic development purposes and distributed to the
	8973	+	12 civil taxing unit:
	8974	+	13 (1) For Lake County, an amount equal to twenty-five percent
	8975	+	14 (25%).
	8976	+	15 (2) For Crown Point, an amount equal to ten percent (10%).
	8977	+	16 (3) For Dyer, an amount equal to fifteen percent (15%).
	8978	+	17 (4) For Gary, an amount equal to seven and five-tenths percent
	8979	+	18 (7.5%).
	8980	+	19 (5) For Hammond, an amount equal to fifteen percent (15%).
	8981	+	20 (6) For Highland, an amount equal to twelve percent (12%).
	8982	+	21 (7) For Hobart, an amount equal to eighteen percent (18%).
	8983	+	22 (8) For Lake Station, an amount equal to twenty percent (20%).
	8984	+	23 (9) For Lowell, an amount equal to fifteen percent (15%).
	8985	+	24 (10) For Merrillville, an amount equal to twenty-two percent
	8986	+	25 (22%).
	8987	+	26 (11) For Munster, an amount equal to thirty-four percent (34%).
	8988	+	27 (12) For New Chicago, an amount equal to one percent (1%).
	8989	+	28 (13) For Schererville, an amount equal to ten percent (10%).
	8990	+	29 (14) For Schneider, an amount equal to twenty percent (20%).
	8991	+	30 (15) For Whiting, an amount equal to twenty-five percent (25%).
	8992	+	31 (16) For Winfield, an amount equal to fifteen percent (15%).
	8993	+	32 The department of local government finance shall notify the county
	8994	+	33 auditor of the amounts of the reductions and the remaining amounts to
	8995	+	34 be distributed.
	8996	+	35 (d) (b) This subsection applies to Lake County. When the
	8997	+	36 department of local government finance notifies the county auditor of
	8998	+	37 the certified amount of property tax credits, school distributions, public
	8999	+	38 safety revenue, economic development revenue, certified shares, and
	9000	+	39 special purpose revenue that will be distributed to the taxing unit under
	9001	+	40 this chapter during the ensuing calendar year, the department of local
	9002	+	41 government finance shall also determine the amount of additional
	9003	+	42 revenue general purpose revenue allocated for economic development
	9004	+	ES 1—LS 7244/DI 120 207
	9005	+	1 purposes that will be distributed to each civil taxing unit, reduced by
	9006	+	2 an amount that is equal to the following percentages of the tax revenue
	9007	+	3 that would otherwise be allocated for economic development purposes
	9008	+	4 and distributed to the civil taxing unit:
	9009	+	5 (1) For Lake County, an amount equal to twenty-five percent
	9010	+	6 (25%).
	9011	+	7 (2) For Crown Point, an amount equal to ten percent (10%).
	9012	+	8 (3) For Dyer, an amount equal to fifteen percent (15%).
	9013	+	9 (4) For Gary, an amount equal to seven and five-tenths percent
	9014	+	10 (7.5%).
	9015	+	11 (5) For Hammond, an amount equal to fifteen percent (15%).
	9016	+	12 (6) For Highland, an amount equal to twelve percent (12%).
	9017	+	13 (7) For Hobart, an amount equal to eighteen percent (18%).
	9018	+	14 (8) For Lake Station, an amount equal to twenty percent (20%).
	9019	+	15 (9) For Lowell, an amount equal to fifteen percent (15%).
	9020	+	16 (10) For Merrillville, an amount equal to twenty-two percent
	9021	+	17 (22%).
	9022	+	18 (11) For Munster, an amount equal to thirty-four percent (34%).
	9023	+	19 (12) For New Chicago, an amount equal to one percent (1%).
	9024	+	20 (13) For Schererville, an amount equal to ten percent (10%).
	9025	+	21 (14) For Schneider, an amount equal to twenty percent (20%).
	9026	+	22 (15) For Whiting, an amount equal to twenty-five percent (25%).
	9027	+	23 (16) For Winfield, an amount equal to fifteen percent (15%).
	9028	+	24 The department of local government finance shall notify the county
	9029	+	25 auditor of the remaining amounts to be distributed and the amounts of
	9030	+	26 the reductions that will be withheld under IC 6-3.6-11-5.5.
	9031	+	27 SECTION 159. IC 6-3.6-9-6, AS ADDED BY P.L.243-2015,
	9032	+	28 SECTION 10, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	9033	+	29 JULY 1, 2027]: Sec. 6. The budget agency shall certify an amount less
	9034	+	30 than the amount determined under section 5(b) 5(a) of this chapter if
	9035	+	31 the budget agency determines that the reduced distribution is necessary
	9036	+	32 to offset overpayments made in a calendar year before the calendar year
	9037	+	33 of the distribution. The budget agency may reduce the amount of the
	9038	+	34 certified distribution over several calendar years so that any
	9039	+	35 overpayments are offset over several years rather than in one (1) lump
	9040	+	36 sum.
	9041	+	37 SECTION 160. IC 6-3.6-9-7, AS ADDED BY P.L.243-2015,
	9042	+	38 SECTION 10, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	9043	+	39 JULY 1, 2027]: Sec. 7. (a) The budget agency shall adjust the certified
	9044	+	40 distribution of a county to correct for any clerical or mathematical
	9045	+	41 errors made in any previous certification under this section. The budget
	9046	+	42 agency may reduce the amount of the certified distribution over several
	9047	+	ES 1—LS 7244/DI 120 208
	9048	+	1 calendar years so that any adjustment under this subsection is offset
	9049	+	2 over several years rather than in one (1) lump sum.
	9050	+	3 (b) The budget agency may not reduce, adjust, or modify a
	9051	+	4 certified distribution of a county after it has been presented as part
	9052	+	5 of the report to the budget committee for the immediately
	9053	+	6 succeeding calendar year under section 21 of this chapter, except
	9054	+	7 in the case of clerical and mathematical errors.
	9055	+	8 SECTION 161. IC 6-3.6-9-8 IS REPEALED [EFFECTIVE JULY
	9056	+	9 1, 2027]. Sec. 8. This section applies to a county that imposes,
	9057	+	10 increases, decreases, or rescinds a tax or tax rate under this article
	9058	+	11 before November 1 in the same calendar year in which the budget
	9059	+	12 agency makes a certification under this section. The budget agency
	9060	+	13 shall adjust the certified distribution of a county to provide for a
	9061	+	14 distribution in the immediately following calendar year and in each
	9062	+	15 calendar year thereafter. The budget agency shall provide for a full
	9063	+	16 transition to certification of distributions as provided in section 4(1)
	9064	+	17 through 4(2) of this chapter in the manner provided in section 6 of this
	9065	+	18 chapter. If the county imposes, increases, decreases, or rescinds a tax
	9066	+	19 or tax rate under this article after the date for which a certification
	9067	+	20 under section 5(b) of this chapter is based, the budget agency shall
	9068	+	21 adjust the certified distribution of the county after October 1 and before
	9069	+	22 December 1 of the calendar year. The adjustment must reflect any other
	9070	+	23 adjustment required under sections 6 and 7 of this chapter. The
	9071	+	24 adjusted certification shall be treated as the county's certified
	9072	+	25 distribution for the immediately succeeding calendar year. The budget
	9073	+	26 agency shall certify the adjusted certified distribution to the county
	9074	+	27 auditor for the county and provide the county council with an
	9075	+	28 informative summary of the calculations that revises the informative
	9076	+	29 summary provided in section 9 of this chapter and reflects the changes
	9077	+	30 made in the adjustment.
	9078	+	31 SECTION 162. IC 6-3.6-9-8.5 IS REPEALED [EFFECTIVE JULY
	9079	+	32 1, 2027]. Sec. 8.5. (a) The budget agency shall before February 1,
	9080	+	33 2018, transfer to the state general fund from each county's trust account
	9081	+	34 established under IC 6-3.6 an amount equal to:
	9082	+	35 (1) the amount of the county's certified distribution under IC 6-3.6
	9083	+	36 that is allocated to certified shares under IC 6-3.6-6 for calendar
	9084	+	37 year 2017; multiplied by
	9085	+	38 (2) five-tenths of one percent (0.5%);
	9086	+	39 to reimburse the state general fund for expenditures related to the
	9087	+	40 department's information technology modernization project.
	9088	+	41 (b) To the extent that the balance in a county's trust account is
	9089	+	42 insufficient for the budget agency to make the entire amount of the
	9090	+	ES 1—LS 7244/DI 120 209
	9091	+	1 transfer required under subsection (a) before February 1, 2018, the
	9092	+	2 budget agency shall make any remaining part of the required transfer
	9093	+	3 from the county's trust account in subsequent years on a schedule
	9094	+	4 determined by the budget agency until the entire amount of the
	9095	+	5 required transfer has been made.
	9096	+	6 SECTION 163. IC 6-3.6-9-9, AS AMENDED BY P.L.257-2019,
	9097	+	7 SECTION 72, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	9098	+	8 JULY 1, 2027]: Sec. 9. The budget agency shall provide the adopting
	9099	+	9 body with an informative summary of the calculations used to
	9100	+	10 determine the certified distribution. The summary of calculations must
	9101	+	11 include:
	9102	+	12 (1) the amount reported on individual income tax returns
	9103	+	13 processed by the department during the previous fiscal year;
	9104	+	14 (2) adjustments for over distributions in prior years; and
	9105	+	15 (3) adjustments for clerical or mathematical errors in prior years.
	9106	+	16 and
	9107	+	17 (4) adjustments for tax rate changes.
	9108	+	18 SECTION 164. IC 6-3.6-9-10, AS AMENDED BY P.L.137-2024,
	9109	+	19 SECTION 13, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	9110	+	20 JULY 1, 2027]: Sec. 10. The budget agency shall also certify
	9111	+	21 information concerning the part of the certified distribution that is
	9112	+	22 attributable to each of the following:
	9113	+	23 (1) The tax rate imposed under IC 6-3.6-5 (before its expiration).
	9114	+	24 This subdivision expires July 1, 2028.
	9115	+	25 (2) The tax rate imposed under IC 6-3.6-6, separately stating:
	9116	+	26 (A) the part of the distribution attributable to a tax rate
	9117	+	27 imposed under IC 6-3.6-6-2.5 (before its repeal);
	9118	+	28 (B) the part of the distribution attributable to a tax rate
	9119	+	29 imposed under IC 6-3.6-6-2.6 (before its repeal); and
	9120	+	30 (C) the part of the distribution attributable to a tax rate
	9121	+	31 imposed under IC 6-3.6-6-2.7 (before its repeal);
	9122	+	32 (D) the part of the distribution attributable to a tax rate
	9123	+	33 imposed under IC 6-3.6-6-2.8 (before its repeal); and
	9124	+	34 (E) the part of the distribution attributable to a tax rate
	9125	+	35 imposed under IC 6-3.6-6-2.9 (before its repeal).
	9126	+	36 (3) Each tax rate imposed under IC 6-3.6-7.
	9127	+	37 (4) In the case of Marion County, the local income taxes paid by
	9128	+	38 local taxpayers described in IC 6-3.6-2-13(3).
	9129	+	39 The amount certified shall be adjusted to reflect any adjustment in the
	9130	+	40 certified distribution under this chapter.
	9131	+	41 SECTION 165. IC 6-3.6-9-11, AS AMENDED BY P.L.197-2016,
	9132	+	42 SECTION 67, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	9133	+	ES 1—LS 7244/DI 120 210
	9134	+	1 JULY 1, 2027]: Sec. 11. The information described in sections 9 and
	9135	+	2 10 of this chapter must be certified to the county auditor, to the fiscal
	9136	+	3 officer of each taxing unit in the county, and to the department of local
	9137	+	4 government finance not later than the later of the following:
	9138	+	5 (1) October 1 of each calendar year.
	9139	+	6 (2) Thirty (30) days after the adopting body certifies a new rate to
	9140	+	7 the budget agency.
	9141	+	8 SECTION 166. IC 6-3.6-9-12, AS ADDED BY P.L.243-2015,
	9142	+	9 SECTION 10, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	9143	+	10 JULY 1, 2027]: Sec. 12. One-twelfth (1/12) of each adopting county's
	9144	+	11 certified distribution for a calendar year shall be distributed:
	9145	+	12 (1) before January 1, 2028, from its trust account established
	9146	+	13 under this chapter; and
	9147	+	14 (2) after December 31, 2027, from the state and local income
	9148	+	15 tax holding account established under this chapter;
	9149	+	16 to the appropriate county treasurer on the first regular business day of
	9150	+	17 each month of that calendar year.
	9151	+	18 SECTION 167. IC 6-3.6-9-13, AS AMENDED BY P.L.9-2024,
	9152	+	19 SECTION 192, IS AMENDED TO READ AS FOLLOWS
	9153	+	20 [EFFECTIVE JULY 1, 2027]: Sec. 13. (a) All distributions from a trust
	9154	+	21 account established under this chapter shall be made by warrants issued
	9155	+	22 by the state comptroller to the treasurer of state ordering the
	9156	+	23 appropriate payments.
	9157	+	24 (b) This section expires December 31, 2027.
	9158	+	25 SECTION 168. IC 6-3.6-9-14 IS REPEALED [EFFECTIVE JULY
	9159	+	26 1, 2027]. Sec. 14. Before November 2 of each year, the budget agency
	9160	+	27 shall submit a report to each county auditor indicating the balance in
	9161	+	28 the county's trust account as of the cutoff date set by the budget agency.
	9162	+	29 SECTION 169. IC 6-3.6-9-15 IS REPEALED [EFFECTIVE
	9163	+	30 JANUARY 1, 2028]. Sec. 15. (a) If the budget agency determines that
	9164	+	31 the balance in a county trust account exceeds fifteen percent (15%) of
	9165	+	32 the certified distributions to be made to the county in the determination
	9166	+	33 year, the budget agency shall make a supplemental distribution to the
	9167	+	34 county from the county's trust account. The budget agency shall use the
	9168	+	35 trust account balance as of December 31 of the year that precedes the
	9169	+	36 determination year by two (2) years (referred to as the "trust account
	9170	+	37 balance year" in this section).
	9171	+	38 (b) A supplemental distribution described in subsection (a) must be:
	9172	+	39 (1) made at the same time as the determinations are provided to
	9173	+	40 the county auditor under subsection (d)(3); and
	9174	+	41 (2) allocated in the same manner as certified distributions for the
	9175	+	42 purposes described in this article.
	9176	+	ES 1—LS 7244/DI 120 211
	9177	+	1 (c) The amount of a supplemental distribution described in
	9178	+	2 subsection (a) is equal to the amount by which:
	9179	+	3 (1) the balance in the county trust account; minus
	9180	+	4 (2) the amount of any supplemental or special distribution that has
	9181	+	5 not yet been accounted for in the last known balance of the
	9182	+	6 county's trust account;
	9183	+	7 exceeds fifteen percent (15%) of the certified distributions to be made
	9184	+	8 to the county in the determination year.
	9185	+	9 (d) For a county that qualifies for a supplemental distribution under
	9186	+	10 this section in a year, the following apply:
	9187	+	11 (1) Before February 15, the budget agency shall update the
	9188	+	12 information described in section 9 of this chapter to include the
	9189	+	13 excess account balances to be distributed under this section.
	9190	+	14 (2) Before May 2, the budget agency shall provide the amount of
	9191	+	15 the supplemental distribution for the county to the department of
	9192	+	16 local government finance and to the county auditor.
	9193	+	17 (3) The department of local government finance shall determine
	9194	+	18 for the county and each taxing unit within the county:
	9195	+	19 (A) the amount and allocation of the supplemental distribution
	9196	+	20 attributable to the taxes that were imposed as of December 31
	9197	+	21 of the trust account balance year, including any specific
	9198	+	22 distributions for that year; and
	9199	+	23 (B) the amount of the allocation for each of the purposes set
	9200	+	24 forth in this article, using the allocation percentages in effect
	9201	+	25 in the trust account balance year.
	9202	+	26 The department of local government finance shall provide these
	9203	+	27 determinations to the county auditor before May 16 of the
	9204	+	28 determination year.
	9205	+	29 (4) Before June 1, the county auditor shall distribute to each
	9206	+	30 taxing unit the amount of the supplemental distribution that is
	9207	+	31 allocated to the taxing unit under subdivision (3). However, for a
	9208	+	32 county with a former tax to provide for a levy freeze under
	9209	+	33 IC 6-3.6-11-1, the supplemental distribution shall first be
	9210	+	34 distributed as determined in any resolution adopted under
	9211	+	35 IC 6-3.6-11-1(d).
	9212	+	36 For determinations before 2019, the tax rates in effect under and the
	9213	+	37 allocation methods specified in the former income tax laws shall be
	9214	+	38 used for the determinations under subdivision (3).
	9215	+	39 (e) For any part of a supplemental distribution attributable to
	9216	+	40 property tax credits under a former income tax or IC 6-3.6-5, the
	9217	+	41 adopting body for the county may allocate the supplemental
	9218	+	42 distribution to property tax credits for not more than the three (3) years
	9219	+	ES 1—LS 7244/DI 120 212
	9220	+	1 after the year the supplemental distribution is received.
	9221	+	2 (f) Any income earned on money held in a trust account established
	9222	+	3 for a county under this chapter shall be deposited in that trust account.
	9223	+	4 SECTION 170. IC 6-3.6-9-16, AS ADDED BY P.L.243-2015,
	9224	+	5 SECTION 10, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	9225	+	6 JULY 1, 2027]: Sec. 16. Upon receipt, each monthly payment of a
	9226	+	7 county's certified distribution or supplemental distribution shall be
	9227	+	8 allocated and distributed to the appropriate entities in accordance with
	9228	+	9 this article and the allocation ordinances adopted under this article.
	9229	+	10 SECTION 171. IC 6-3.6-9-17.5 IS ADDED TO THE INDIANA
	9230	+	11 CODE AS A NEW SECTION TO READ AS FOLLOWS
	9231	+	12 [EFFECTIVE JULY 1, 2027]: Sec. 17.5. After December 31, 2027,
	9232	+	13 the county's certified distribution amount for 2028 shall be
	9233	+	14 maintained in the accounting for the county under section 21 of
	9234	+	15 this chapter and transferred as set forth in section 21 of this
	9235	+	16 chapter.
	9236	+	17 SECTION 172. IC 6-3.6-9-20 IS ADDED TO THE INDIANA
	9237	+	18 CODE AS A NEW SECTION TO READ AS FOLLOWS
	9238	+	19 [EFFECTIVE JULY 1, 2027]: Sec. 20. (a) The state and local income
	9239	+	20 tax holding account is established within the state general fund for
	9240	+	21 the purposes of this chapter. The budget agency shall administer
	9241	+	22 the account. The account consists of the following:
	9242	+	23 (1) Money transferred to the account under section 21 of this
	9243	+	24 chapter.
	9244	+	25 (2) Money transferred to the account from any other source.
	9245	+	26 (3) Interest that accrues from money in the account.
	9246	+	27 (b) The treasurer of state shall invest the money in the account
	9247	+	28 not currently needed for the purposes of the account in the same
	9248	+	29 manner as other public funds may be invested.
	9249	+	30 (c) Money in the account is continuously appropriated for the
	9250	+	31 purposes of this chapter.
	9251	+	32 (d) Money in the account at the end of a state fiscal year does
	9252	+	33 not revert to the state general fund.
	9253	+	34 (e) Money transferred to the account shall be distributed and
	9254	+	35 allocated as set forth in this chapter.
	9255	+	36 (f) The budget director shall have the discretion to manage
	9256	+	37 transfers of money into and out of the account based on the current
	9257	+	38 process used for continuous assessment of revenue flows and
	9258	+	39 reconciliation based on the latest data.
	9259	+	40 SECTION 173. IC 6-3.6-9-21 IS ADDED TO THE INDIANA
	9260	+	41 CODE AS A NEW SECTION TO READ AS FOLLOWS
	9261	+	42 [EFFECTIVE JULY 1, 2027]: Sec. 21. (a) The budget agency shall
	9262	+	ES 1—LS 7244/DI 120 213
	9263	+	1 maintain an accounting for each county imposing a tax based on
	9264	+	2 annual returns filed by or for county taxpayers. Beginning after
	9265	+	3 December 31, 2027, any undistributed amounts so accounted shall
	9266	+	4 be held for purposes of the state and local income tax holding
	9267	+	5 account.
	9268	+	6 (b) After December 1 but before December 31 of each year, the
	9269	+	7 budget agency shall present to the budget committee a report of the
	9270	+	8 following:
	9271	+	9 (1) An estimate of the monthly certified distribution amounts
	9272	+	10 for the immediately succeeding calendar year.
	9273	+	11 (2) A description of the method used to determine the monthly
	9274	+	12 estimates under subdivision (1).
	9275	+	13 (c) Beginning in 2028, and in each calendar year thereafter, the
	9276	+	14 budget agency shall each month transfer to the state and local
	9277	+	15 income tax holding account the amount determined for the month
	9278	+	16 under subsection (b)(1) for distribution under this chapter.
	9279	+	17 (d) In the case of a county that imposes a tax rate under
	9280	+	18 IC 6-3.6-6-2 or a municipality that imposes a tax rate under
	9281	+	19 IC 6-3.6-6-22 beginning after December 31, 2027, the budget
	9282	+	20 agency shall withhold, from each of the first three (3) annual
	9283	+	21 certified distributions resulting from the tax rate, an amount equal
	9284	+	22 to five percent (5%) of the county's or municipality's, as
	9285	+	23 applicable, annual certified distribution resulting from the tax rate.
	9286	+	24 The amounts withheld under this subsection shall be credited to the
	9287	+	25 respective county's or municipality's trust account.
	9288	+	26 SECTION 174. IC 6-3.6-10-2, AS AMENDED BY P.L.247-2017,
	9289	+	27 SECTION 23, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	9290	+	28 JANUARY 1, 2028]: Sec. 2. A county, city, or town may use revenue
	9291	+	29 allocated for economic development purposes under IC 6-3.6-6-9
	9292	+	30 IC 6-3.6-6 for any combination of the following purposes:
	9293	+	31 (1) To pay all or a part of the interest owed by a private developer
	9294	+	32 or user on a loan extended by a financial institution or other
	9295	+	33 lender to the developer or user if the proceeds of the loan are or
	9296	+	34 are to be used to finance an economic development project.
	9297	+	35 (2) For the retirement of bonds for economic development
	9298	+	36 projects.
	9299	+	37 (3) For leases or for leases or bonds entered into or issued before
	9300	+	38 the date the county economic development income tax (IC 6-3.5-7
	9301	+	39 repealed) was imposed if the purpose of the lease or bonds would
	9302	+	40 have qualified as a purpose under this article at the time the lease
	9303	+	41 was entered into or the bonds were issued.
	9304	+	42 (4) The construction or acquisition of, or remedial action with
	9305	+	ES 1—LS 7244/DI 120 214
	9306	+	1 respect to, a capital project for which the unit is empowered to
	9307	+	2 issue general obligation bonds or establish a fund under any
	9308	+	3 statute listed in IC 6-1.1-18.5-9.8.
	9309	+	4 (5) The retirement of bonds issued under any provision of Indiana
	9310	+	5 law for a capital project.
	9311	+	6 (6) The payment of lease rentals under any statute for a capital
	9312	+	7 project.
	9313	+	8 (7) Contract payments to a nonprofit corporation whose primary
	9314	+	9 corporate purpose is to assist government in planning and
	9315	+	10 implementing economic development projects.
	9316	+	11 (8) Operating expenses of a governmental entity that plans or
	9317	+	12 implements economic development projects.
	9318	+	13 (9) Funding of a revolving fund established under IC 5-1-14-14.
	9319	+	14 (10) For a regional venture capital fund or a local venture capital
	9320	+	15 fund.
	9321	+	16 (11) For any lawful purpose for which money in any of its other
	9322	+	17 funds may be used.
	9323	+	18 SECTION 175. IC 6-3.6-10-3, AS ADDED BY P.L.243-2015,
	9324	+	19 SECTION 10, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	9325	+	20 JANUARY 1, 2028]: Sec. 3. (a) The fiscal body of a county, city, or
	9326	+	21 town may issue bonds payable from revenue under IC 6-3.6-6. The
	9327	+	22 bonds must be for economic development projects.
	9328	+	23 (b) The fiscal body of a county, city, or town may issue bonds
	9329	+	24 payable from revenue described in section 2 of this chapter for any
	9330	+	25 capital project for which the fiscal body is authorized to issue general
	9331	+	26 obligation bonds. The bonds issued under this section may be payable
	9332	+	27 from the tax if the county option income tax (IC 6-3.5-6 repealed), the
	9333	+	28 county adjusted gross income tax (IC 6-3.5-1.1 repealed), or a tax
	9334	+	29 under IC 6-3.6-6 is also in effect in the county at the time the bonds are
	9335	+	30 issued.
	9336	+	31 (c) If there are bonds outstanding that have been issued under this
	9337	+	32 section, or leases in effect under section 4 of this chapter, the adopting
	9338	+	33 body may not reduce the tax imposed under IC 6-3.6-6, or an allocation
	9339	+	34 under IC 6-3.6-6-9, IC 6-3.6-6, or certified shares general purpose
	9340	+	35 revenue pledged to repay bonds, as appropriate, below a rate that
	9341	+	36 would produce one and twenty-five hundredths (1.25) times the total
	9342	+	37 of the highest annual debt service on the bonds to their final maturity,
	9343	+	38 plus the highest annual lease payments, unless:
	9344	+	39 (1) the body that imposed a tax under IC 6-3.6-6; or
	9345	+	40 (2) any city, town, or county;
	9346	+	41 pledges all or a part of its certified shares general purpose revenue for
	9347	+	42 the life of the bonds or the term of the lease, in an amount that is
	9348	+	ES 1—LS 7244/DI 120 215
	9349	+	1 sufficient, when combined with the amount pledged by the city, town,
	9350	+	2 or county that issued the bonds, to produce one and twenty-five
	9351	+	3 hundredths (1.25) times the total of the highest outstanding annual debt
	9352	+	4 service plus the highest annual lease payments.
	9353	+	5 (d) For purposes of subsection (c), the determination of a tax rate
	9354	+	6 sufficient to produce one and twenty-five hundredths (1.25) times the
	9355	+	7 total of the highest outstanding annual debt service plus the highest
	9356	+	8 annual lease payments must be based on an average of the immediately
	9357	+	9 preceding three (3) years tax collections, if the tax has been imposed
	9358	+	10 for the last preceding three (3) years. If the tax has not been imposed
	9359	+	11 for the last preceding three (3) years, the body that imposed the tax may
	9360	+	12 not reduce the rate below a rate that would produce one and twenty-five
	9361	+	13 hundredths (1.25) times the total of the highest annual debt service,
	9362	+	14 plus the highest annual lease payments, based upon a study by a
	9363	+	15 qualified public accountant or financial advisor.
	9364	+	16 (e) IC 6-1.1-20 does not apply to the issuance of bonds under this
	9365	+	17 section.
	9366	+	18 (f) Bonds issued under this section may be sold at a public sale in
	9367	+	19 accordance with IC 5-1-11 or may be sold at a negotiated sale.
	9368	+	20 (g) After a sale of bonds under this section, the county auditor shall
	9369	+	21 prepare a debt service schedule for the bonds.
	9370	+	22 (h) The general assembly covenants that it will not repeal or amend
	9371	+	23 this article in a manner that would adversely affect owners of
	9372	+	24 outstanding bonds issued, or payment of any lease rentals due, under
	9373	+	25 this section.
	9374	+	26 SECTION 176. IC 6-3.6-10-5, AS ADDED BY P.L.243-2015,
	9375	+	27 SECTION 10, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	9376	+	28 JANUARY 1, 2028]: Sec. 5. Notwithstanding any other law and
	9377	+	29 subject to IC 6-3.6-6-18(b), if a civil taxing unit desires to issue
	9378	+	30 obligations, or enter into leases, payable wholly or in part by the taxes
	9379	+	31 imposed under IC 6-3.6-6 or IC 6-3.6-7, (but not IC 6-3.6-5), the
	9380	+	32 obligations of the civil taxing unit or any lessor may be sold at public
	9381	+	33 sale in accordance with IC 5-1-11 or at negotiated sale.
	9382	+	34 SECTION 177. IC 6-3.6-10-6, AS ADDED BY P.L.243-2015,
	9383	+	35 SECTION 10, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	9384	+	36 JANUARY 1, 2028]: Sec. 6. (a) A pledge of revenues from a tax
	9385	+	37 imposed under IC 6-3.6-6 or IC 6-3.6-7 (but not IC 6-3.6-5 before its
	9386	+	38 expiration) is enforceable in accordance with IC 5-1-14.
	9387	+	39 (b) With respect to obligations for which a pledge has been made
	9388	+	40 under IC 6-3.6-6 or IC 6-3.6-7 (but not IC 6-3.6-5 before its
	9389	+	41 expiration), the general assembly covenants with the county and the
	9390	+	42 purchasers or owners of those obligations that this article will not be
	9391	+	ES 1—LS 7244/DI 120 216
	9392	+	1 repealed or amended in any manner that will adversely affect the tax
	9393	+	2 collected under this article as long as the principal of or interest on
	9394	+	3 those obligations is unpaid.
	9395	+	4 SECTION 178. IC 6-3.6-10-9 IS ADDED TO THE INDIANA
	9396	+	5 CODE AS A NEW SECTION TO READ AS FOLLOWS
	9397	+	6 [EFFECTIVE MAY 10, 2025 (RETROACTIVE)]: Sec. 9. (a)
	9398	+	7 Notwithstanding any other law, for bonds, leases, or any other
	9399	+	8 obligations incurred after May 9, 2025, a county, city, town, and
	9400	+	9 any other taxing unit may not pledge for payment from tax
	9401	+	10 revenue received under this article an amount that exceeds an
	9402	+	11 amount equal to twenty-five percent (25%) of the taxing unit's
	9403	+	12 certified distribution under this article.
	9404	+	13 (b) This section expires July 1, 2027.
	9405	+	14 SECTION 179. IC 6-3.6-11-1 IS REPEALED [EFFECTIVE
	9406	+	15 JANUARY 1, 2028]. Sec. 1. (a) This section applies to any county that
	9407	+	16 imposed a former tax to provide for a levy freeze.
	9408	+	17 (b) The tax rate used to provide for a levy freeze shall be part of the
	9409	+	18 tax rate under IC 6-3.6-6. The maximum tax rate that may be applied
	9410	+	19 for a levy freeze is one percent (1%). The levy freeze tax rate may be
	9411	+	20 increased but not decreased or rescinded unless an adopting body
	9412	+	21 adopts a resolution to request approval from the department of local
	9413	+	22 government finance to lower the levy freeze tax rate.
	9414	+	23 (c) The department of local government finance shall approve a
	9415	+	24 lower levy freeze tax rate if it finds that the lower rate, in addition to:
	9416	+	25 (1) the supplemental distribution as determined in a resolution
	9417	+	26 adopted under subsection (d); and
	9418	+	27 (2) the amount in the stabilization fund established under
	9419	+	28 IC 6-3.5-1.1-24 (repealed) or IC 6-3.5-6-30 (repealed), as
	9420	+	29 applicable;
	9421	+	30 would fund the levy freeze dollar amount (the total amount of foregone
	9422	+	31 maximum levy increases for all taxing units for all years). If the
	9423	+	32 department approves a lower levy freeze tax rate, the adopting body
	9424	+	33 must adopt an ordinance to lower the levy freeze tax rate before the
	9425	+	34 lower rate may take effect. The county shall provide the department
	9426	+	35 with a determination of the amount in the stabilization funds for
	9427	+	36 purposes of this subsection.
	9428	+	37 (d) A county may adopt a resolution to require that a supplemental
	9429	+	38 distribution amount to be distributed under IC 6-3.6-9-15(d)(4) shall
	9430	+	39 first be used to lower the levy freeze tax rate in subsection (c). If a
	9431	+	40 resolution is adopted, the supplemental distribution under
	9432	+	41 IC 6-3.6-9-15(d)(4) shall first be used to lower a county's levy freeze
	9433	+	42 tax rate and any additional supplemental distribution calculated that is
	9434	+	ES 1—LS 7244/DI 120 217
	9435	+	1 above the amount needed to lower the levy freeze tax rate shall be
	9436	+	2 distributed to each taxing unit as provided under IC 6-3.6-9-15(d)(4).
	9437	+	3 (e) The revenue from the tax rate shall continue to be applied under
	9438	+	4 this article as it was applied under the former tax, including the use of
	9439	+	5 a stabilization fund.
	9440	+	6 (f) The distributions of income tax revenue attributable to a levy
	9441	+	7 freeze tax rate shall be made before allocating or distributing the
	9442	+	8 remaining revenue under IC 6-3.6-6 or applying the property tax credits
	9443	+	9 funded by a tax rate under IC 6-3.6-5.
	9444	+	10 SECTION 180. IC 6-3.6-11-3, AS AMENDED BY P.L.197-2016,
	9445	+	11 SECTION 70, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	9446	+	12 JULY 1, 2027]: Sec. 3. (a) This section applies to Lake County's
	9447	+	13 categorizations, allocations, and distributions under IC 6-3.6-5 (before
	9448	+	14 its expiration).
	9449	+	15 (b) The rate under the former tax in Lake County that was used for
	9450	+	16 any of the following shall be categorized under IC 6-3.6-5 (before its
	9451	+	17 expiration), and the Lake County council may adopt an ordinance
	9452	+	18 providing that the revenue from the tax rate under this section may be
	9453	+	19 used for any of the following:
	9454	+	20 (1) To reduce all property tax levies imposed by the county by the
	9455	+	21 granting of property tax replacement credits against those
	9456	+	22 property tax levies.
	9457	+	23 (2) To provide local property tax replacement credits in Lake
	9458	+	24 County in the following manner:
	9459	+	25 (A) The tax revenue under this section that is collected from
	9460	+	26 taxpayers within a particular municipality in Lake County (as
	9461	+	27 determined by the department of state revenue based on the
	9462	+	28 department's best estimate) shall be used only to provide a
	9463	+	29 local property tax credit against property taxes imposed by that
	9464	+	30 municipality.
	9465	+	31 (B) The tax revenue under this section that is collected from
	9466	+	32 taxpayers within the unincorporated area of Lake County (as
	9467	+	33 determined by the department of state revenue) shall be used
	9468	+	34 only to provide a local property tax credit against property
	9469	+	35 taxes imposed by the county. The local property tax credit for
	9470	+	36 the unincorporated area of Lake County shall be available only
	9471	+	37 to those taxpayers within the unincorporated area of the
	9472	+	38 county.
	9473	+	39 (3) To provide property tax credits in the following manner:
	9474	+	40 (A) Sixty percent (60%) of the tax revenue shall be used as
	9475	+	41 provided in subdivision (2).
	9476	+	42 (B) Forty percent (40%) of the tax revenue shall be used to
	9477	+	ES 1—LS 7244/DI 120 218
	9478	+	1 provide property tax replacement credits against property tax
	9479	+	2 levies of the county and each township and municipality in the
	9480	+	3 county. The percentage of the tax revenue distributed under
	9481	+	4 this item that shall be used as credits against the county's
	9482	+	5 levies or against a particular township's or municipality's levies
	9483	+	6 is equal to the percentage determined by dividing the
	9484	+	7 population of the county, township, or municipality by the sum
	9485	+	8 of the total population of the county, each township in the
	9486	+	9 county, and each municipality in the county.
	9487	+	10 The Lake County council shall determine whether the credits under
	9488	+	11 subdivision (1), (2), or (3) shall be provided to homesteads, to all
	9489	+	12 qualified residential property, or to all taxpayers. The department of
	9490	+	13 local government finance, with the assistance of the budget agency,
	9491	+	14 shall certify to the county auditor and the fiscal body of the county and
	9492	+	15 each township and municipality in the county the amount of property
	9493	+	16 tax credits under this section. The tax revenue under this section that
	9494	+	17 is used to provide credits under this section shall be treated for all
	9495	+	18 purposes as property tax levies but shall not be considered for purposes
	9496	+	19 of computing the maximum permissible property tax levy under
	9497	+	20 IC 6-1.1-18.5-3 or the credit under IC 6-1.1-20.6.
	9498	+	21 (c) Any ordinance adopted under subsection (b) expires
	9499	+	22 December 31, 2027.
	9500	+	23 (d) This section expires July 1, 2028.
	9501	+	24 SECTION 181. IC 6-3.6-11-4, AS AMENDED BY P.L.247-2017,
	9502	+	25 SECTION 25, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	9503	+	26 JANUARY 1, 2028]: Sec. 4. This section applies to the allocation of
	9504	+	27 the tax revenue under IC 6-3.6-6 that is dedicated to public safety and
	9505	+	28 funding for a PSAP (as defined in IC 36-8-16.7-20) that is part of the
	9506	+	29 statewide 911 system (as defined in IC 36-8-16.7-22) and located
	9507	+	30 within the county. as provided in IC 6-3.6-6-8. This tax revenue shall
	9508	+	31 be allocated and distributed to the PSAP before the allocation and
	9509	+	32 distribution to any taxing units of the remaining tax revenue allocated
	9510	+	33 to public safety as provided in IC 6-3.6-6.
	9511	+	34 SECTION 182. IC 6-3.6-11-5.5, AS AMENDED BY P.L.9-2024,
	9512	+	35 SECTION 193, IS AMENDED TO READ AS FOLLOWS
	9513	+	36 [EFFECTIVE JANUARY 1, 2028]: Sec. 5.5. (a) This section applies
	9514	+	37 to Lake County for purposes of categorizations, allocations, and
	9515	+	38 distributions of additional revenue general purpose revenue that is
	9516	+	39 allocated each year for economic development purposes. under
	9517	+	40 IC 6-3.6-6-9 and of certified shares under IC 6-3.6-6. Additional
	9518	+	41 revenue General purpose revenue that is allocated each year for
	9519	+	42 economic development purposes by a civil taxing unit listed in
	9520	+	ES 1—LS 7244/DI 120 219
	9521	+	1 IC 6-3.6-9-5(d) IC 6-3.6-9-5(b) must first be used to provide funding
	9522	+	2 for a rail project (as defined in IC 36-7.5-1-13.5).
	9523	+	3 (b) Before the state comptroller may make a certified distribution of
	9524	+	4 additional revenue general purpose revenue allocated for economic
	9525	+	5 development purposes, under IC 6-3.6-6-9, the state comptroller shall
	9526	+	6 withhold the total amount determined by the department of local
	9527	+	7 government finance under IC 6-3.6-9-5(d) IC 6-3.6-9-5(b) from the
	9528	+	8 certified distribution allocated to economic development. The amount
	9529	+	9 withheld by the state comptroller under this section shall be paid to the
	9530	+	10 secretary-treasurer of the northwest Indiana regional development
	9531	+	11 authority (IC 36-7.5) before a certified distribution allocated to
	9532	+	12 economic development is made to the county and before the county
	9533	+	13 auditor may otherwise allocate or distribute tax revenue under this
	9534	+	14 article.
	9535	+	15 SECTION 183. IC 6-3.6-11-6, AS AMENDED BY P.L.9-2024,
	9536	+	16 SECTION 194, IS AMENDED TO READ AS FOLLOWS
	9537	+	17 [EFFECTIVE JANUARY 1, 2028]: Sec. 6. (a) This section applies to
	9538	+	18 Lake County, LaPorte County, Porter County, and any municipality in
	9539	+	19 those counties that is a member of the northwest Indiana regional
	9540	+	20 development authority (IC 36-7.5) for purposes of categorizations,
	9541	+	21 allocations, and distributions of additional revenue general purpose
	9542	+	22 revenue that is allocated each year for economic development purposes
	9543	+	23 under IC 6-3.6-6-9. IC 6-3.6-6.
	9544	+	24 (b) This subsection applies only to Lake County. The county or a
	9545	+	25 city described in IC 36-7.5-2-3(b) may use additional revenue general
	9546	+	26 purpose revenue that is allocated each year for economic development
	9547	+	27 purposes under IC 6-3.6-6-9 IC 6-3.6-6 for making transfers required
	9548	+	28 by IC 36-7.5-4-2 or to provide rail project funding under IC 36-7.5-4.5.
	9549	+	29 The additional revenue general purpose revenue allocated for
	9550	+	30 economic development and used to make the transfers required by
	9551	+	31 IC 36-7.5-4-2 or to provide rail project funding shall be paid by the
	9552	+	32 treasurer of state to the treasurer of the northwest Indiana regional
	9553	+	33 development authority before certified distributions are made to the
	9554	+	34 county or any cities or towns in the county. The county or a city or town
	9555	+	35 in the county may use additional revenue that is allocated each year for
	9556	+	36 economic development purposes under IC 6-3.6-6-9 to provide
	9557	+	37 homestead credits in the county, city, or town. The following apply to
	9558	+	38 homestead credits provided under this subsection:
	9559	+	39 (1) The county, city, or town fiscal body must adopt an ordinance
	9560	+	40 authorizing the homestead credits. The ordinance must specify the
	9561	+	41 amount of additional revenue that will be used to provide
	9562	+	42 homestead credits in the following year.
	9563	+	ES 1—LS 7244/DI 120 220
	9564	+	1 (2) The county, city, or town fiscal body that adopts an ordinance
	9565	+	2 under this subsection must forward a copy of the ordinance to the
	9566	+	3 county auditor and the department of local government finance
	9567	+	4 not more than thirty (30) days after the ordinance is adopted.
	9568	+	5 (3) The homestead credits must be applied uniformly to provide
	9569	+	6 a homestead credit for homesteads in the county, city, or town.
	9570	+	7 (4) The homestead credits shall be treated for all purposes as
	9571	+	8 property tax levies.
	9572	+	9 (5) The homestead credits shall be applied to the net property
	9573	+	10 taxes due on the homestead after the application of all other
	9574	+	11 assessed value deductions or property tax deductions and credits
	9575	+	12 that apply to the amount owed under IC 6-1.1.
	9576	+	13 (6) The state comptroller shall determine the homestead credit
	9577	+	14 percentage for a particular year based on the amount of additional
	9578	+	15 revenue that will be used under this subsection to provide
	9579	+	16 homestead credits in that year.
	9580	+	17 (c) This subsection applies only to Porter County. From the
	9581	+	18 general purpose revenue received each year from the rate imposed
	9582	+	19 under IC 6-3.6-6, the first three million five hundred thousand
	9583	+	20 dollars ($3,500,000) shall be used by the county to make transfers
	9584	+	21 as required under IC 36-7.5-4-2 to the northwest Indiana regional
	9585	+	22 development authority before any certified distributions are made
	9586	+	23 to the county unit or any other taxing unit in the county. The
	9587	+	24 adopting body for Porter County may not reduce the proportional
	9588	+	25 allocation of the general purpose revenue allocated to Porter
	9589	+	26 County if the reduction would result in an amount less than the
	9590	+	27 amount necessary for Porter County to fulfill its obligation to the
	9591	+	28 northwest Indiana regional development authority to pay to
	9592	+	29 support northwest Indiana rail projects (as defined in
	9593	+	30 IC 5-1.3-2-14) and projects described in IC 36-7.5-4-2.5.
	9594	+	31 (c) This subsection applies only to LaPorte County as follows:
	9595	+	32 (1) This subsection applies if:
	9596	+	33 (A) the county fiscal body has adopted an ordinance under
	9597	+	34 IC 36-7.5-2-3(d) providing that the county is joining the
	9598	+	35 northwest Indiana regional development authority; and
	9599	+	36 (B) the fiscal body of the city described in IC 36-7.5-2-3(d)
	9600	+	37 has adopted an ordinance under IC 36-7.5-2-3(d) providing
	9601	+	38 that the city is joining the development authority.
	9602	+	39 (2) Additional revenue that is allocated each year for economic
	9603	+	40 development purposes under IC 6-3.6-6-9 may be used by a
	9604	+	41 county or a city described in IC 36-7.5-2-3(d) for making transfers
	9605	+	42 required by IC 36-7.5-4-2. In addition, if the allocation of
	9606	+	ES 1—LS 7244/DI 120 221
	9607	+	1 additional revenue for economic development purposes under
	9608	+	2 IC 6-3.6-6-9 is increased in the county, the first three million five
	9609	+	3 hundred thousand dollars ($3,500,000) of the tax revenue that
	9610	+	4 results each year from the allocation increase shall be used by the
	9611	+	5 county only to make the county's transfer required by
	9612	+	6 IC 36-7.5-4-2 and shall be paid by the treasurer of state to the
	9613	+	7 treasurer of the northwest Indiana regional development authority
	9614	+	8 under IC 36-7.5-4-2 before certified distributions are made to the
	9615	+	9 county or any cities or towns in the county.
	9616	+	10 (3) All of the additional revenue allocated for economic
	9617	+	11 development purposes under IC 6-3.6-6-9 that results each year
	9618	+	12 from an allocation increase described in subdivision (2) and that
	9619	+	13 is in excess of the first three million five hundred thousand dollars
	9620	+	14 ($3,500,000) must be used by the county and cities and towns in
	9621	+	15 the county for homestead credits under this subsection. The
	9622	+	16 following apply to homestead credits provided under this
	9623	+	17 subsection:
	9624	+	18 (A) The homestead credits must be applied uniformly to
	9625	+	19 provide a homestead credit for homesteads in the county, city,
	9626	+	20 or town.
	9627	+	21 (B) The homestead credits shall be treated for all purposes as
	9628	+	22 property tax levies.
	9629	+	23 (C) The homestead credits shall be applied to the net property
	9630	+	24 taxes due on the homestead after the application of all other
	9631	+	25 assessed value deductions or property tax deductions and
	9632	+	26 credits that apply to the amount owed under IC 6-1.1.
	9633	+	27 (D) The state comptroller shall determine the homestead credit
	9634	+	28 percentage for a particular year based on the amount of
	9635	+	29 additional revenue that will be used under this subdivision to
	9636	+	30 provide homestead credits in that year.
	9637	+	31 (d) This subsection applies only to Porter County. The additional
	9638	+	32 revenue designated each year for economic development purposes
	9639	+	33 under IC 6-3.6-6 shall be allocated and used as follows:
	9640	+	34 (1) First, the revenue attributable to an income tax rate of
	9641	+	35 twenty-five hundredths percent (0.25%) shall be allocated to the
	9642	+	36 county and cities and towns as provided in IC 6-3.6-6-9.
	9643	+	37 (2) Second, the next three million five hundred thousand dollars
	9644	+	38 ($3,500,000) of the revenue shall be used for the county or for
	9645	+	39 eligible municipalities (as defined in IC 36-7.5-1-11.3) in the
	9646	+	40 county, to make transfers as provided in and required under
	9647	+	41 IC 36-7.5-4-2. The additional revenue used to make the transfers
	9648	+	42 as provided in IC 36-7.5-4-2 shall be paid by the treasurer of state
	9649	+	ES 1—LS 7244/DI 120 222
	9650	+	1 to the treasurer of the northwest Indiana regional development
	9651	+	2 authority before certified distributions are made to the county or
	9652	+	3 any taxing unit in the county. If Porter County ceases to be a
	9653	+	4 member of the northwest Indiana regional development authority
	9654	+	5 under IC 36-7.5 but two (2) or more municipalities in the county
	9655	+	6 have become members of the northwest Indiana regional
	9656	+	7 development authority as authorized by IC 36-7.5-2-3(h), the
	9657	+	8 treasurer of state shall continue to transfer this amount to the
	9658	+	9 treasurer of the northwest Indiana regional development authority
	9659	+	10 under IC 36-7.5-4-2.
	9660	+	11 (3) Third, except as provided in IC 36-7.5-3-5, all of the revenue
	9661	+	12 each year that is in excess of the amounts described in
	9662	+	13 subdivisions (1) and (2) must be used by the county and cities and
	9663	+	14 towns in the county for homestead credits. The following apply to
	9664	+	15 homestead credits provided under this subdivision:
	9665	+	16 (A) The homestead credits must be applied uniformly to
	9666	+	17 provide a homestead credit for homesteads in the county, city,
	9667	+	18 or town.
	9668	+	19 (B) The homestead credits shall be treated for all purposes as
	9669	+	20 property tax levies.
	9670	+	21 (C) The homestead credits shall be applied to the net property
	9671	+	22 taxes due on the homestead after the application of all other
	9672	+	23 assessed value deductions or property tax deductions and
	9673	+	24 credits that apply to the amount owed under IC 6-1.1.
	9674	+	25 (D) The state comptroller shall determine the homestead credit
	9675	+	26 percentage for a particular year based on the amount of
	9676	+	27 additional revenue that will be used under this subdivision to
	9677	+	28 provide homestead credits in that year.
	9678	+	29 (e) (d) A transfer made on behalf of a city, town, or county under
	9679	+	30 this section after December 31, 2018, is to be considered a payment for
	9680	+	31 services provided to residents by a rail project as those services are
	9681	+	32 rendered.
	9682	+	33 (f) (e) A pledge by the northwest Indiana regional development
	9683	+	34 authority of transferred revenue under this section to the payment of
	9684	+	35 bonds, leases, or obligations under this article or IC 5-1.3:
	9685	+	36 (1) constitutes the obligations of the northwest Indiana regional
	9686	+	37 development authority; and
	9687	+	38 (2) does not constitute an indebtedness of:
	9688	+	39 (A) a county or municipality described in this section; or
	9689	+	40 (B) the state;
	9690	+	41 within the meaning or application of any constitutional or
	9691	+	42 statutory provision or limitation.
	9692	+	ES 1—LS 7244/DI 120 223
	9693	+	1 (g) (f) Neither the transfer of revenue nor the pledge of revenue
	9694	+	2 transferred under this section is an impairment of contract within the
	9695	+	3 meaning or application of any constitutional provision or limitation
	9696	+	4 because of the following:
	9697	+	5 (1) The statutes governing local income taxes, including the
	9698	+	6 transferred revenue, have been the subject of legislation annually
	9699	+	7 since 1973, and during that time the statutes have been revised,
	9700	+	8 amended, expanded, limited, and recodified dozens of times.
	9701	+	9 (2) Owners of bonds, leases, or other obligations to which local
	9702	+	10 income tax revenues have been pledged recognize that the
	9703	+	11 regulation of local income taxes has been extensive and
	9704	+	12 consistent.
	9705	+	13 (3) All bonds, leases, or other obligations, due to their essential
	9706	+	14 contractual nature, are subject to relevant state and federal law
	9707	+	15 that is enacted after the date of a contract.
	9708	+	16 (4) The state has a legitimate interest in assisting the northwest
	9709	+	17 Indiana regional development authority in financing rail projects
	9710	+	18 (as defined in IC 36-7.5-1-13.5).
	9711	+	19 (h) (g) All proceedings had and actions described in this section are
	9712	+	20 valid pledges under IC 5-1-14-4 as of the date of those pledges or
	9713	+	21 actions and are hereby legalized and declared valid if taken before
	9714	+	22 March 15, 2018.
	9715	+	23 SECTION 184. IC 6-3.6-11-7, AS AMENDED BY P.L.9-2024,
	9716	+	24 SECTION 195, IS AMENDED TO READ AS FOLLOWS
	9717	+	25 [EFFECTIVE JANUARY 1, 2028]: Sec. 7. (a) This section applies to
	9718	+	26 a civil taxing unit that has previously:
	9719	+	27 (1) entered into an interlocal cooperation or similar agreement;
	9720	+	28 (2) adopted an ordinance or resolution; or
	9721	+	29 (3) taken any other action;
	9722	+	30 offering to provide revenue to support and finance a rail project or rail
	9723	+	31 projects (as defined under IC 36-7.5-1-13.5).
	9724	+	32 (b) The additional revenue general purpose revenue that would
	9725	+	33 otherwise be allocated to a civil taxing unit described in subsection (a)
	9726	+	34 shall be withheld under section 5.5 of this chapter by the state
	9727	+	35 comptroller and shall be paid by the state comptroller to the
	9728	+	36 secretary-treasurer of the northwest Indiana regional development
	9729	+	37 authority under IC 36-7.5-4-2 before certified distributions are made to
	9730	+	38 the county and before the county auditor may allocate or distribute tax
	9731	+	39 revenue under this article to any civil taxing unit in the county or
	9732	+	40 counties in which the unit is located.
	9733	+	41 (c) Amounts:
	9734	+	42 (1) withheld under section 5.5 of this chapter; and
	9735	+	ES 1—LS 7244/DI 120 224
	9736	+	1 (2) transferred on behalf of a civil taxing unit under this section;
	9737	+	2 after December 31, 2018, are considered to be a payment for services
	9738	+	3 provided to residents by a rail project as such services are rendered.
	9739	+	4 (d) A pledge by the northwest Indiana regional development
	9740	+	5 authority of withheld or transferred revenue received under this chapter
	9741	+	6 to the payment of bonds, leases, or obligations under IC 36-7.5 or
	9742	+	7 IC 5-1.3:
	9743	+	8 (1) constitutes the obligations of the northwest Indiana regional
	9744	+	9 development authority; and
	9745	+	10 (2) does not constitute an indebtedness of:
	9746	+	11 (A) a unit described in this section; or
	9747	+	12 (B) the state;
	9748	+	13 within the meaning or application of any constitutional or
	9749	+	14 statutory provision or limitation.
	9750	+	15 (e) Neither the withholding or transfer of revenue nor the pledge of
	9751	+	16 revenue withheld or transferred under this chapter is an impairment of
	9752	+	17 contract within the meaning or application of any constitutional
	9753	+	18 provision or limitation because of the following:
	9754	+	19 (1) The statutes governing local income taxes, including the
	9755	+	20 withheld or transferred revenue, have been the subject of
	9756	+	21 legislation annually since 1973, and during that time the statutes
	9757	+	22 have been revised, amended, expanded, limited, and recodified
	9758	+	23 dozens of times.
	9759	+	24 (2) Owners of bonds, leases, or other obligations to which local
	9760	+	25 income tax revenues have been pledged recognize that the
	9761	+	26 regulation of local income taxes has been extensive and
	9762	+	27 consistent.
	9763	+	28 (3) All bonds, leases, or other obligations, due to their essential
	9764	+	29 contractual nature, are subject to relevant state and federal law
	9765	+	30 that is enacted after the date of a contract.
	9766	+	31 (4) The state has a legitimate interest in assisting the northwest
	9767	+	32 Indiana regional development authority in financing rail projects
	9768	+	33 (as defined in IC 36-7.5-1-13.5).
	9769	+	34 (f) All:
	9770	+	35 (1) agreements;
	9771	+	36 (2) ordinances or resolutions; and
	9772	+	37 (3) proceedings had and actions described in this chapter;
	9773	+	38 are valid pledges under IC 5-1-14-4 as of the date of those pledges or
	9774	+	39 actions and are hereby legalized and declared valid if taken before
	9775	+	40 April 30, 2019.
	9776	+	41 SECTION 185. IC 6-3.6-11-7.5, AS AMENDED BY P.L.9-2024,
	9777	+	42 SECTION 196, IS AMENDED TO READ AS FOLLOWS
	9778	+	ES 1—LS 7244/DI 120 225
	9779	+	1 [EFFECTIVE JANUARY 1, 2028]: Sec. 7.5. (a) An action challenging
	9780	+	2 any action taken under section 5.5, 5.7, 6, or 7 of this chapter to
	9781	+	3 withhold or transfer revenue to the secretary-treasurer of the northwest
	9782	+	4 Indiana regional developmental authority (IC 36-7.5) from a county's
	9783	+	5 certified distribution must be brought within ten (10) days after the date
	9784	+	6 on which the county auditor notifies the secretary-treasurer of the
	9785	+	7 northwest Indiana regional development authority (IC 36-7.5) of the
	9786	+	8 amount of certified tax revenue that will be distributed under
	9787	+	9 IC 6-3.6-9-5(d). IC 6-3.6-9-5(b).
	9788	+	10 (b) A court shall require a plaintiff to provide a bond with surety in
	9789	+	11 an amount equal to the total amounts of tax revenue estimated to be
	9790	+	12 withheld or transferred by the state comptroller from the date of the
	9791	+	13 filing until December 31, 2049.
	9792	+	14 (c) The burden of proof in an action under this section is on the
	9793	+	15 plaintiff.
	9794	+	16 (d) If the defendant prevails in an action under this section, the court
	9795	+	17 shall award attorney's fees to the defendant.
	9796	+	18 SECTION 186. IC 6-6-5-5, AS AMENDED BY P.L.256-2017,
	9797	+	19 SECTION 26, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	9798	+	20 JANUARY 1, 2027]: Sec. 5. A person that owns a vehicle and that is
	9799	+	21 entitled to a property tax deduction under IC 6-1.1-12-13,
	9800	+	22 IC 6-1.1-12-14, or IC 6-1.1-12-16 (before their expiration) is entitled
	9801	+	23 to a credit against the vehicle excise tax as follows: Any remaining
	9802	+	24 deduction from assessed valuation to which the person is entitled,
	9803	+	25 applicable to property taxes payable in the year in which the excise tax
	9804	+	26 imposed by this chapter is due, after allowance of the deduction on real
	9805	+	27 estate and personal property owned by the person, shall reduce the
	9806	+	28 vehicle excise tax in the amount of two dollars ($2) on each one
	9807	+	29 hundred dollars ($100) of taxable value or major portion thereof. The
	9808	+	30 county auditor shall, upon request, furnish a certified statement to the
	9809	+	31 person verifying the credit allowable under this section, and the
	9810	+	32 statement shall be presented to and retained by the bureau to support
	9811	+	33 the credit.
	9812	+	34 SECTION 187. IC 6-6-5-5.2, AS AMENDED BY P.L.256-2017,
	9813	+	35 SECTION 27, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	9814	+	36 JANUARY 1, 2027]: Sec. 5.2. (a) This section applies to a registration
	9815	+	37 year beginning after December 31, 2013.
	9816	+	38 (b) Subject to subsection (d), an individual may claim a credit
	9817	+	39 against the tax imposed by this chapter upon a vehicle owned by the
	9818	+	40 individual if the individual is eligible for the credit under any of the
	9819	+	41 following:
	9820	+	42 (1) The individual meets all the following requirements:
	9821	+	ES 1—LS 7244/DI 120 226
	9822	+	1 (A) The individual served in the military or naval forces of the
	9823	+	2 United States during any of its wars.
	9824	+	3 (B) The individual received an honorable discharge.
	9825	+	4 (C) The individual has a disability with a service connected
	9826	+	5 disability of ten percent (10%) or more.
	9827	+	6 (D) The individual's disability is evidenced by:
	9828	+	7 (i) a pension certificate, an award of compensation, or a
	9829	+	8 disability compensation check issued by the United States
	9830	+	9 Department of Veterans Affairs; or
	9831	+	10 (ii) a certificate of eligibility issued to the individual by the
	9832	+	11 Indiana department of veterans' affairs after the Indiana
	9833	+	12 department of veterans' affairs has determined that the
	9834	+	13 individual's disability qualifies the individual to receive a
	9835	+	14 credit under this section.
	9836	+	15 (E) The individual does not own property to which a property
	9837	+	16 tax deduction may be applied under IC 6-1.1-12-13 (before its
	9838	+	17 expiration).
	9839	+	18 (2) The individual meets all the following requirements:
	9840	+	19 (A) The individual served in the military or naval forces of the
	9841	+	20 United States for at least ninety (90) days.
	9842	+	21 (B) The individual received an honorable discharge.
	9843	+	22 (C) The individual either:
	9844	+	23 (i) has a total disability; or
	9845	+	24 (ii) is at least sixty-two (62) years of age and has a disability
	9846	+	25 of at least ten percent (10%).
	9847	+	26 (D) The individual's disability is evidenced by:
	9848	+	27 (i) a pension certificate or an award of compensation issued
	9849	+	28 by the United States Department of Veterans Affairs; or
	9850	+	29 (ii) a certificate of eligibility issued to the individual by the
	9851	+	30 Indiana department of veterans' affairs after the Indiana
	9852	+	31 department of veterans' affairs has determined that the
	9853	+	32 individual's disability qualifies the individual to receive a
	9854	+	33 credit under this section.
	9855	+	34 (E) The individual does not own property to which a property
	9856	+	35 tax deduction may be applied under IC 6-1.1-12-14 (before its
	9857	+	36 expiration).
	9858	+	37 (3) The individual meets both of the following requirements:
	9859	+	38 (A) The individual is the surviving spouse of any of the
	9860	+	39 following:
	9861	+	40 (i) An individual who would have been eligible for a credit
	9862	+	41 under this section if the individual had been alive in 2013
	9863	+	42 and this section had been in effect in 2013.
	9864	+	ES 1—LS 7244/DI 120 227
	9865	+	1 (ii) An individual who received a credit under this section in
	9866	+	2 the previous calendar year.
	9867	+	3 (iii) A World War I veteran.
	9868	+	4 (B) The individual does not own property to which a property
	9869	+	5 tax deduction may be applied under IC 6-1.1-12-13,
	9870	+	6 IC 6-1.1-12-14, or IC 6-1.1-12-16 (before their expiration).
	9871	+	7 (c) The amount of the credit that may be claimed under this section
	9872	+	8 is equal to the lesser of the following:
	9873	+	9 (1) The amount of the excise tax liability for the individual's
	9874	+	10 vehicle as determined under section 3 or 3.5 of this chapter, as
	9875	+	11 applicable.
	9876	+	12 (2) Seventy dollars ($70).
	9877	+	13 (d) The maximum number of motor vehicles for which an individual
	9878	+	14 may claim a credit under this section is two (2).
	9879	+	15 (e) An individual may not claim a credit under both:
	9880	+	16 (1) this section; and
	9881	+	17 (2) section 5 of this chapter.
	9882	+	18 (f) The credit allowed by this section must be claimed on a form
	9883	+	19 prescribed by the bureau. An individual claiming the credit must attach
	9884	+	20 to the form an affidavit from the county auditor stating that the
	9885	+	21 claimant does not own property to which a property tax deduction may
	9886	+	22 be applied under IC 6-1.1-12-13, IC 6-1.1-12-14, or IC 6-1.1-12-16
	9887	+	23 (before their expiration).
	9888	+	24 SECTION 188. IC 6-6-6.5-13, AS AMENDED BY P.L.1-2009,
	9889	+	25 SECTION 55, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	9890	+	26 JANUARY 1, 2027]: Sec. 13. (a) As the basis for measuring the tax
	9891	+	27 imposed by this chapter, the department shall classify every taxable
	9892	+	28 aircraft in its proper class according to the following classification
	9893	+	29 plan:
	9894	+	30 CLASS DESCRIPTION
	9895	+	31 A Piston-driven
	9896	+	32 B Piston-driven,
	9897	+	33 and Pressurized
	9898	+	34 C Turbine driven
	9899	+	35 or other Powered
	9900	+	36 D Homebuilt, Gliders, or
	9901	+	37 Hot Air Balloons
	9902	+	38 (b) The tax imposed under this chapter is based on the age, class,
	9903	+	39 and maximum landing weight of the taxable aircraft. The amount of tax
	9904	+	40 imposed on the taxable aircraft is based on the following table:
	9905	+	41 Age Class A Class B Class C Class D
	9906	+	42 0-4 $.04/lb $.065/lb $.09/lb $.0175/lb
	9907	+	ES 1—LS 7244/DI 120 228
	9908	+	1 5-8 $.035/lb $.055/lb $.08/lb $.015/lb
	9909	+	2 9-12 $.03/lb $.05/lb $.07/lb $.0125/lb
	9910	+	3 13-16 $.025/lb $.025/lb $.025/lb$.01/lb
	9911	+	4 17-25 $.02/lb $.02/lb $.02/lb $.0075/lb
	9912	+	5 over 25$.01/lb $.01/lb $.01/lb $.005/lb
	9913	+	6 (c) An aircraft owner, who sells an aircraft on which the owner has
	9914	+	7 paid the tax imposed under this chapter, is entitled to a credit for the
	9915	+	8 tax paid. The credit equals excise tax paid on the aircraft that was sold,
	9916	+	9 times the lesser of:
	9917	+	10 (1) ninety percent (90%); or
	9918	+	11 (2) ten percent (10%) times the number of months remaining in
	9919	+	12 the registration year after the sale of the aircraft.
	9920	+	13 The credit may only be used to reduce the tax imposed under this
	9921	+	14 chapter on another aircraft purchased by that owner during the
	9922	+	15 registration year in which the credit accrues. A person may not receive
	9923	+	16 a refund for a credit under this subsection.
	9924	+	17 (d) A person who is entitled to a property tax deduction under
	9925	+	18 IC 6-1.1-12-13 or IC 6-1.1-12-14 (before their expiration) is entitled
	9926	+	19 to a credit against the tax imposed on the person's aircraft under this
	9927	+	20 chapter. The credit equals the amount of the property tax deduction to
	9928	+	21 which the person is entitled under IC 6-1.1-12-13 and IC 6-1.1-12-14
	9929	+	22 (before their expiration) minus the amount of that deduction used to
	9930	+	23 offset the person's property taxes or vehicle excise taxes, times seven
	9931	+	24 hundredths (.07). The credit may not exceed the amount of the tax due
	9932	+	25 under this chapter. The county auditor shall, upon the person's request,
	9933	+	26 furnish a certified statement showing the credit allowable under this
	9934	+	27 subsection. The department may not allow a credit under this
	9935	+	28 subsection until the auditor's statement has been filed in the
	9936	+	29 department's office.
	9937	+	30 SECTION 189. IC 6-8.1-6-9 IS ADDED TO THE INDIANA CODE
	9938	+	31 AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JULY
	9939	+	32 1, 2025]: Sec. 9. Beginning with the individual adjusted gross
	9940	+	33 income tax return for taxable years beginning in 2025, the
	9941	+	34 department of state revenue shall include on the adjusted gross
	9942	+	35 income tax return a requirement that the taxpayer identify the
	9943	+	36 address of the taxpayer's principal place of residence.
	9944	+	37 SECTION 190. IC 6-9-10.5-8, AS AMENDED BY P.L.197-2016,
	9945	+	38 SECTION 78, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	9946	+	39 JULY 1, 2027]: Sec. 8. (a) If the tax levied under section 6 of this
	9947	+	40 chapter is increased by an ordinance adopted by the county fiscal body
	9948	+	41 after June 30, 2011, the county treasurer shall establish a county
	9949	+	42 promotion fund. The county treasurer shall deposit in the county
	9950	+	ES 1—LS 7244/DI 120 229
	9951	+	1 promotion fund the difference between:
	9952	+	2 (1) the amount received under section 6 of this chapter; minus
	9953	+	3 (2) the amount deposited in the lake enhancement fund under
	9954	+	4 section 7(c) of this chapter.
	9955	+	5 (b) In a county in which a commission has been established under
	9956	+	6 section 9 of this chapter, the county auditor shall issue a warrant
	9957	+	7 directing the county treasurer to transfer money from the county
	9958	+	8 promotion fund to the commission's treasurer if the commission
	9959	+	9 submits a written request for the transfer.
	9960	+	10 (c) Money in a county promotion fund, or money transferred from
	9961	+	11 such a fund under subsection (b), may be expended only to promote
	9962	+	12 and encourage conventions, visitors, tourism, and economic
	9963	+	13 development within the county. Expenditures that may be made under
	9964	+	14 this subsection include expenditures for advertising, promotional
	9965	+	15 activities, trade shows, special events, and recreation, and expenditures
	9966	+	16 that are authorized by IC 6-3.6-10-2 with respect to the county's
	9967	+	17 additional revenue that is allocated for economic development
	9968	+	18 purposes under IC 6-3.6-6-9. IC 6-3.6-6.
	9969	+	19 SECTION 191. IC 8-5-15-5, AS AMENDED BY P.L.108-2019,
	9970	+	20 SECTION 150, IS AMENDED TO READ AS FOLLOWS
	9971	+	21 [EFFECTIVE MAY 10, 2025 (RETROACTIVE)]: Sec. 5. (a) The
	9972	+	22 board has all powers reasonably necessary to carry out the purpose of
	9973	+	23 this chapter including the following powers:
	9974	+	24 (1) To receive federal, state, county, and municipal funds, or
	9975	+	25 private contributions and disburse them for the purpose of aiding
	9976	+	26 commuter transportation systems serving the district.
	9977	+	27 (2) To monitor and evaluate the use of funds granted or
	9978	+	28 distributed by the district.
	9979	+	29 (3) To apply for federal, state, municipal, or county funds for the
	9980	+	30 purpose of rendering assistance to commuter transportation
	9981	+	31 systems.
	9982	+	32 (4) To coordinate its plans and activities with:
	9983	+	33 (A) any public transportation authority serving one (1) or more
	9984	+	34 counties that are served by the system and through which the
	9985	+	35 system passes;
	9986	+	36 (B) the Indiana department of transportation;
	9987	+	37 (C) regional planning commissions serving any portion of the
	9988	+	38 district;
	9989	+	39 (D) units of county and municipal government included in the
	9990	+	40 district; and
	9991	+	41 (E) any regional transportation authority, transit authority, or
	9992	+	42 like governmental unit in another state if the commuter
	9993	+	ES 1—LS 7244/DI 120 230
	9994	+	1 transportation system crosses the boundary of the state or
	9995	+	2 serves another.
	9996	+	3 (5) To purchase, lease, or lease with option to purchase capital
	9997	+	4 equipment in aid of any system of commuter transportation
	9998	+	5 operating in the district, and lease the equipment to the system
	9999	+	6 under conditions and for a term to be determined by the board.
	10000	+	7 (6) As a municipal corporation, to sue and be sued.
	10001	+	8 (7) To conduct public hearings to accomplish the purpose of this
	10002	+	9 chapter.
	10003	+	10 (8) To seek and accept the assistance of any public or publicly
	10004	+	11 funded agency in carrying out its functions and duties.
	10005	+	12 (9) To enter into agreements with either private or public agencies
	10006	+	13 for any purpose required to accomplish the intent of this chapter.
	10007	+	14 The board may enter into a trust indenture or any other agreement
	10008	+	15 with the board for depositories in order to obtain a loan or a loan
	10009	+	16 guarantee under IC 5-13-12-11.
	10010	+	17 (10) To set levels of service and rates notwithstanding IC 8-3-1,
	10011	+	18 for transportation of passengers subject to section 7 of this
	10012	+	19 chapter.
	10013	+	20 (11) To expend funds granted to the district from any source for
	10014	+	21 the purpose of paying reasonable administrative expenses.
	10015	+	22 (12) To purchase, acquire, lease, or lease with option to purchase
	10016	+	23 all or any part of the assets of a railroad that is providing
	10017	+	24 commuter transportation services within the district and to
	10018	+	25 purchase or acquire all or any part of the issued and outstanding
	10019	+	26 stock of a railroad that is providing commuter transportation
	10020	+	27 services within the district.
	10021	+	28 (13) To own all or any part of the capital stock or assets of a
	10022	+	29 railroad that is providing commuter transportation services within
	10023	+	30 the district, and to operate either directly, by management
	10024	+	31 contract, or by lease any such railroad.
	10025	+	32 (14) Subject to section 5.3 of this chapter, to issue revenue
	10026	+	33 bonds of the district payable solely from revenues for the purpose
	10027	+	34 of paying all or any part of the cost of acquiring the capital stock
	10028	+	35 of a railroad company, all or any part of the assets of a railroad, or
	10029	+	36 any property, real or personal, for the purposes of this chapter.
	10030	+	37 (15) To acquire, lease, construct, maintain, repair, police, and
	10031	+	38 operate a railroad and to establish rules for the use of the railroad
	10032	+	39 and other properties subject to the jurisdiction and control of the
	10033	+	40 board.
	10034	+	41 (16) To acquire and dispose of real and personal property in the
	10035	+	42 exercise of its powers and the performance of its duties under this
	10036	+	ES 1—LS 7244/DI 120 231
	10037	+	1 chapter.
	10038	+	2 (17) To lease to others for development or operation all or any
	10039	+	3 part of a railroad on such terms and conditions as the board
	10040	+	4 considers advisable.
	10041	+	5 (18) To make and enter into all contracts, undertakings, and
	10042	+	6 agreements necessary or incidental to the performance of its
	10043	+	7 duties and the execution of its powers under this chapter.
	10044	+	8 (19) To employ, subject to sections 18 and 19 of this chapter, an
	10045	+	9 executive director or manager, consulting engineers,
	10046	+	10 superintendents, and such other engineers, construction and
	10047	+	11 accounting experts, attorneys, and other employees and agents as
	10048	+	12 may be necessary in its judgment, and to fix their compensation.
	10049	+	13 (20) To negotiate and enter into agreements for railroad trackage
	10050	+	14 rights regardless of the location of the track.
	10051	+	15 (21) To authorize the Indiana department of transportation to
	10052	+	16 exercise all or a part of the powers of the board under this chapter
	10053	+	17 or IC 5-1.3 that are necessary or desirable to accomplish the
	10054	+	18 purposes of this chapter or IC 5-1.3, subject, in each case, to the
	10055	+	19 agreement of the Indiana department of transportation.
	10056	+	20 (22) To do all other acts necessary or reasonably incident to
	10057	+	21 carrying out the purpose of this chapter.
	10058	+	22 (b) Notwithstanding the powers granted to the board in subsection
	10059	+	23 (a), the district does not have the power to levy taxes.
	10060	+	24 (c) In the event the board of trustees determines that the commuter
	10061	+	25 transportation system or the railroad owned by the district cannot
	10062	+	26 continue to provide adequate transportation service, or the district is
	10063	+	27 terminated, the board may, subject to the conditions of any state or
	10064	+	28 federal grant used to purchase equipment or property, dispose of any
	10065	+	29 properties of the district.
	10066	+	30 (d) In the event the district is dissolved, ninety percent (90%) of the
	10067	+	31 proceeds shall be paid to the state and ten percent (10%) to the counties
	10068	+	32 in proportion to their contributions.
	10069	+	33 (e) In the exercise of any of the powers granted to the board in
	10070	+	34 subsection (a), the board is not subject to any other laws related to
	10071	+	35 commuter transportation systems or railroads.
	10072	+	36 SECTION 192. IC 8-5-15-5.3 IS ADDED TO THE INDIANA
	10073	+	37 CODE AS A NEW SECTION TO READ AS FOLLOWS
	10074	+	38 [EFFECTIVE MAY 10, 2025 (RETROACTIVE)]: Sec. 5.3.
	10075	+	39 Notwithstanding any other law, the northern Indiana commuter
	10076	+	40 transportation district established under this chapter may not issue
	10077	+	41 new bonds, new notes, or other new evidences of indebtedness after
	10078	+	42 May 9, 2025, that are payable in whole or in part from amounts
	10079	+	ES 1—LS 7244/DI 120 232
	10080	+	1 distributed to the northern Indiana commuter transportation
	10081	+	2 district from the commuter rail service fund (IC 8-3-1.5-20.5) or
	10082	+	3 the electric rail service fund (IC 8-3-1.5-20.6). However, this
	10083	+	4 section may not be construed to prohibit the refinancing of
	10084	+	5 outstanding indebtedness originally incurred before May 10, 2025.
	10085	+	6 SECTION 193. IC 8-5-15-5.4 IS AMENDED TO READ AS
	10086	+	7 FOLLOWS [EFFECTIVE MAY 10, 2025 (RETROACTIVE)]: Sec.
	10087	+	8 5.4. (a) Subject to section 5.3 of this chapter, the board may provide
	10088	+	9 by resolution, at one (1) time or from time to time, for the issuance of
	10089	+	10 revenue bonds of the district for the purpose of paying all or any part
	10090	+	11 of the cost of a railroad project. The principal of and the interest on the
	10091	+	12 bonds are payable solely from the revenues specifically pledged to the
	10092	+	13 payment thereof. The bonds of each issue shall be dated, bear interest
	10093	+	14 at any rate, and mature at a time or times not exceeding forty (40) years
	10094	+	15 from the date thereof, as may be determined by the board, and may be
	10095	+	16 made redeemable before maturity, at the option of the board, at such
	10096	+	17 price or prices and under such terms and conditions as may be fixed by
	10097	+	18 the board in the authorizing resolution.
	10098	+	19 (b) The board shall determine the form of the bonds, including any
	10099	+	20 interest coupons to be attached to the bonds, and shall fix the
	10100	+	21 denomination or denominations of the bonds and the place or places of
	10101	+	22 payment of principal and interest.
	10102	+	23 (c) The bonds shall be issued in the name of the district and
	10103	+	24 executed by the manual or facsimile signature of the president of the
	10104	+	25 board. The manual or facsimile seal of the district shall be affixed or
	10105	+	26 imprinted on the bonds and attested by the manual or facsimile
	10106	+	27 signature of the secretary of the district. However, one (1) of the
	10107	+	28 signatures must be manual, unless the bonds are authenticated by the
	10108	+	29 manual signature of an authorized representative of a trustee for the
	10109	+	30 bondholders. Any coupons attached to the bonds must bear the
	10110	+	31 facsimile signature of the treasurer of the board. In case any officer
	10111	+	32 whose signature or a facsimile of whose signature appears on any
	10112	+	33 bonds or coupons ceases to be an officer before the delivery of the
	10113	+	34 bonds, the signature or facsimile shall nevertheless be considered valid
	10114	+	35 and sufficient for all purposes the same as if he had remained in office
	10115	+	36 until the delivery. The bonds must contain on their face a statement to
	10116	+	37 the effect that the bonds, as to both principal and interest, are payable
	10117	+	38 solely from the revenues pledged for their payment.
	10118	+	39 (d) All bonds issued under this chapter have all the qualities and
	10119	+	40 incidents of negotiable instruments under the negotiable instruments
	10120	+	41 law of Indiana.
	10121	+	42 (e) The bonds may be issued in coupon, registered, or book entry
	10122	+	ES 1—LS 7244/DI 120 233
	10123	+	1 form, or any combination of these, as the board may determine, and
	10124	+	2 provision may be made for the registration of any coupon bonds as to
	10125	+	3 principal alone and also as to both principal and interest, and for the
	10126	+	4 reconversion into coupon bonds of any bonds registered as to both
	10127	+	5 principal and interest.
	10128	+	6 (f) The board may sell the bonds in such manner and for such price
	10129	+	7 as it may determine to be in the best interest of the district, either at
	10130	+	8 public sale under IC 5-1-11 or at private sale.
	10131	+	9 (g) The board may issue bonds under this chapter only after
	10132	+	10 obtaining approval of the issuance by the Indiana department of
	10133	+	11 transportation. Before giving approval, the Indiana department of
	10134	+	12 transportation shall give due consideration to any contract terms and
	10135	+	13 conditions that impinge on the continuation of revenues for the term of
	10136	+	14 any bond.
	10137	+	15 (h) This chapter constitutes full and complete authority for the
	10138	+	16 issuance of bonds. No law, procedure or proceedings, publications,
	10139	+	17 notices, consents, approvals, orders, acts, or things by the board or any
	10140	+	18 other officer, department, agency or instrumentality of the state, county,
	10141	+	19 or any municipality shall be required to issue such bonds except as may
	10142	+	20 be prescribed in this chapter.
	10143	+	21 (i) Bonds issued under the provisions of this section shall constitute
	10144	+	22 legal investments for any private trust funds, and the funds of any
	10145	+	23 banks, trust companies, insurance companies, building and loan
	10146	+	24 associations, credit unions, banks of discount and deposit, savings
	10147	+	25 banks, loans and trust and safe deposit companies, rural loan and
	10148	+	26 savings associations, guaranty loan and savings associations, mortgage
	10149	+	27 guaranty companies, small loan companies, industrial loan and
	10150	+	28 investment companies, and any other financial institutions organized
	10151	+	29 under the laws of the state of Indiana.
	10152	+	30 (j) Bonds may not be sold to purchase or lease assets or purchase
	10153	+	31 capital stock of a railroad unless the board has a written undertaking
	10154	+	32 from the seller or lessor that the seller or lessor will take no direct
	10155	+	33 action calculated to cause the reduction of levels of freight service
	10156	+	34 being rendered or revenues being generated on any such railroad for a
	10157	+	35 period of time not less than the term of the bonds.
	10158	+	36 SECTION 194. IC 8-9.5-8-17, AS AMENDED BY P.L.99-2007,
	10159	+	37 SECTION 34, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	10160	+	38 JANUARY 1, 2027]: Sec. 17. The authority shall study and implement
	10161	+	39 programs to assist in the transportation of military veterans or
	10162	+	40 individuals with a disability (as defined in IC 6-1.1-12-11 before its
	10163	+	41 expiration) who travel on a toll road to or from a hospital for
	10164	+	42 treatment. However, a program may not be inconsistent with the trust
	10165	+	ES 1—LS 7244/DI 120 234
	10166	+	1 indenture securing the bonds of the toll road.
	10167	+	2 SECTION 195. IC 8-18-22-6, AS AMENDED BY P.L.256-2017,
	10168	+	3 SECTION 96, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	10169	+	4 JULY 1, 2027]: Sec. 6. (a) Except as provided in subsection (b), the
	10170	+	5 county fiscal body may pledge revenues for the payment of principal
	10171	+	6 and interest on the bonds and for other purposes under the ordinance
	10172	+	7 as provided by IC 5-1-14-4, including revenues from the following
	10173	+	8 sources:
	10174	+	9 (1) The motor vehicle highway account.
	10175	+	10 (2) The local road and street account.
	10176	+	11 (3) The county vehicle excise tax.
	10177	+	12 (4) The county wheel tax.
	10178	+	13 (5) The local income tax (IC 6-3.6).
	10179	+	14 (6) Assessments.
	10180	+	15 (7) Any other unappropriated or unencumbered money.
	10181	+	16 (b) The county fiscal body may not pledge to levy ad valorem
	10182	+	17 property taxes for these purposes, except for revenues from the
	10183	+	18 following:
	10184	+	19 (1) IC 8-16-3.
	10185	+	20 (2) IC 8-16-3.1.
	10186	+	21 (c) If the county fiscal body has pledged revenues from the local
	10187	+	22 income tax as set forth in subsection (a), the local income tax council
	10188	+	23 (as defined in IC 6-3.6-2-12) county fiscal body may covenant that the
	10189	+	24 council county fiscal body will not repeal or modify the tax in a
	10190	+	25 manner that would adversely affect owners of outstanding bonds issued
	10191	+	26 under this chapter. The local income tax council county fiscal body
	10192	+	27 may make the covenant by adopting an ordinance using procedures
	10193	+	28 described in IC 6-3.6-3.
	10194	+	29 SECTION 196. IC 8-22-3.5-9, AS AMENDED BY P.L.174-2022,
	10195	+	30 SECTION 50, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	10196	+	31 JULY 1, 2027]: Sec. 9. (a) As used in this section, "base assessed
	10197	+	32 value" means, subject to subsection (k):
	10198	+	33 (1) the net assessed value of all the tangible property as finally
	10199	+	34 determined for the assessment date immediately preceding the
	10200	+	35 effective date of the allocation provision of the commission's
	10201	+	36 resolution adopted under section 5 or 9.5 of this chapter,
	10202	+	37 notwithstanding the date of the final action taken under section 6
	10203	+	38 of this chapter; plus
	10204	+	39 (2) to the extent it is not included in subdivision (1), the net
	10205	+	40 assessed value of property that is assessed as residential property
	10206	+	41 under the rules of the department of local government finance,
	10207	+	42 within the airport development zone, as finally determined for the
	10208	+	ES 1—LS 7244/DI 120 235
	10209	+	1 current assessment date.
	10210	+	2 However, subdivision (2) applies only to an airport development zone
	10211	+	3 established after June 30, 1997, and the portion of an airport
	10212	+	4 development zone established before June 30, 1997, that is added to an
	10213	+	5 existing airport development zone.
	10214	+	6 (b) A resolution adopted under section 5 of this chapter and
	10215	+	7 confirmed under section 6 of this chapter must include a provision with
	10216	+	8 respect to the allocation and distribution of property taxes for the
	10217	+	9 purposes and in the manner provided in this section.
	10218	+	10 (c) The allocation provision must:
	10219	+	11 (1) apply to the entire airport development zone; and
	10220	+	12 (2) require that any property tax on taxable tangible property
	10221	+	13 subsequently levied by or for the benefit of any public body
	10222	+	14 entitled to a distribution of property taxes in the airport
	10223	+	15 development zone be allocated and distributed as provided in
	10224	+	16 subsections (d) and (e).
	10225	+	17 (d) Except as otherwise provided in this section:
	10226	+	18 (1) the proceeds of the taxes attributable to the lesser of:
	10227	+	19 (A) the assessed value of the tangible property for the
	10228	+	20 assessment date with respect to which the allocation and
	10229	+	21 distribution is made; or
	10230	+	22 (B) the base assessed value;
	10231	+	23 shall be allocated and, when collected, paid into the funds of the
	10232	+	24 respective taxing units; and
	10233	+	25 (2) the excess of the proceeds of the property taxes imposed for
	10234	+	26 the assessment date with respect to which the allocation and
	10235	+	27 distribution are made that are attributable to taxes imposed after
	10236	+	28 being approved by the voters in a referendum or local public
	10237	+	29 question conducted after April 30, 2010, not otherwise included
	10238	+	30 in subdivision (1) shall be allocated to and, when collected, paid
	10239	+	31 into the funds of the taxing unit for which the referendum or local
	10240	+	32 public question was conducted.
	10241	+	33 (e) All of the property tax proceeds in excess of those described in
	10242	+	34 subsection (d) shall be allocated to the eligible entity for the airport
	10243	+	35 development zone and, when collected, paid into special funds as
	10244	+	36 follows:
	10245	+	37 (1) The commission may determine that a portion of tax proceeds
	10246	+	38 shall be allocated to a training grant fund to be expended by the
	10247	+	39 commission without appropriation solely for the purpose of
	10248	+	40 reimbursing training expenses incurred by public or private
	10249	+	41 entities in the training of employees for the qualified airport
	10250	+	42 development project.
	10251	+	ES 1—LS 7244/DI 120 236
	10252	+	1 (2) The commission may determine that a portion of tax proceeds
	10253	+	2 shall be allocated to a debt service fund and dedicated to the
	10254	+	3 payment of principal and interest on revenue bonds or a loan
	10255	+	4 contract of the board of aviation commissioners or airport
	10256	+	5 authority for a qualified airport development project, to the
	10257	+	6 payment of leases for a qualified airport development project, or
	10258	+	7 to the payment of principal and interest on bonds issued by an
	10259	+	8 eligible entity to pay for qualified airport development projects in
	10260	+	9 the airport development zone or serving the airport development
	10261	+	10 zone.
	10262	+	11 (3) The commission may determine that a part of the tax proceeds
	10263	+	12 shall be allocated to a project fund and used to pay expenses
	10264	+	13 incurred by the commission for a qualified airport development
	10265	+	14 project that is in the airport development zone or is serving the
	10266	+	15 airport development zone.
	10267	+	16 (4) Except as provided in subsection (f), all remaining tax
	10268	+	17 proceeds after allocations are made under subdivisions (1), (2),
	10269	+	18 and (3) shall be allocated to a project fund and dedicated to the
	10270	+	19 reimbursement of expenditures made by the commission for a
	10271	+	20 qualified airport development project that is in the airport
	10272	+	21 development zone or is serving the airport development zone.
	10273	+	22 (f) Before July 15 of each year, the commission shall do the
	10274	+	23 following:
	10275	+	24 (1) Determine the amount, if any, by which tax proceeds allocated
	10276	+	25 to the project fund in subsection (e)(3) in the following year will
	10277	+	26 exceed the amount necessary to satisfy amounts required under
	10278	+	27 subsection (e).
	10279	+	28 (2) Provide a written notice to the county auditor and the officers
	10280	+	29 who are authorized to fix budgets, tax rates, and tax levies under
	10281	+	30 IC 6-1.1-17-5 for each of the other taxing units that is wholly or
	10282	+	31 partly located within the allocation area. The notice must:
	10283	+	32 (A) state the amount, if any, of excess tax proceeds that the
	10284	+	33 commission has determined may be allocated to the respective
	10285	+	34 taxing units in the manner prescribed in subsection (d)(1); or
	10286	+	35 (B) state that the commission has determined that there are no
	10287	+	36 excess tax proceeds that may be allocated to the respective
	10288	+	37 taxing units in the manner prescribed in subsection (d)(1).
	10289	+	38 The county auditor shall allocate to the respective taxing units the
	10290	+	39 amount, if any, of excess tax proceeds determined by the
	10291	+	40 commission.
	10292	+	41 (g) When money in the debt service fund and in the project fund is
	10293	+	42 sufficient to pay all outstanding principal and interest (to the earliest
	10294	+	ES 1—LS 7244/DI 120 237
	10295	+	1 date on which the obligations can be redeemed) on revenue bonds
	10296	+	2 issued by the board of aviation commissioners or airport authority for
	10297	+	3 the financing of qualified airport development projects, all lease rentals
	10298	+	4 payable on leases of qualified airport development projects, and all
	10299	+	5 costs and expenditures associated with all qualified airport
	10300	+	6 development projects, money in the debt service fund and in the project
	10301	+	7 fund in excess of those amounts shall be paid to the respective taxing
	10302	+	8 units in the manner prescribed by subsection (d)(1).
	10303	+	9 (h) Property tax proceeds allocable to the debt service fund under
	10304	+	10 subsection (e)(2) must, subject to subsection (g), be irrevocably
	10305	+	11 pledged by the eligible entity for the purpose set forth in subsection
	10306	+	12 (e)(2).
	10307	+	13 (i) Notwithstanding any other law, each assessor shall, upon petition
	10308	+	14 of the commission, reassess the taxable tangible property situated upon
	10309	+	15 or in, or added to, the airport development zone effective on the next
	10310	+	16 assessment date after the petition.
	10311	+	17 (j) Notwithstanding any other law, the assessed value of all taxable
	10312	+	18 tangible property in the airport development zone, for purposes of tax
	10313	+	19 limitation, property tax replacement, and formulation of the budget, tax
	10314	+	20 rate, and tax levy for each political subdivision in which the property
	10315	+	21 is located is the lesser of:
	10316	+	22 (1) the assessed value of the tangible property as valued without
	10317	+	23 regard to this section; or
	10318	+	24 (2) the base assessed value.
	10319	+	25 (k) If the commission confirms, or modifies and confirms, a
	10320	+	26 resolution under section 6 of this chapter and the commission makes
	10321	+	27 either of the filings required under section 6(c) of this chapter after the
	10322	+	28 first anniversary of the effective date of the allocation provision, the
	10323	+	29 auditor of the county in which the airport development zone is located
	10324	+	30 shall compute the base assessed value for the allocation area using the
	10325	+	31 assessment date immediately preceding the later of:
	10326	+	32 (1) the date on which the documents are filed with the county
	10327	+	33 auditor; or
	10328	+	34 (2) the date on which the documents are filed with the department
	10329	+	35 of local government finance.
	10330	+	36 (l) For an airport development zone established after June 30, 2024,
	10331	+	37 "residential property" refers to the assessed value of property that is
	10332	+	38 allocated to the one percent (1%) homestead land and improvement
	10333	+	39 categories in the county tax and billing software system, along with the
	10334	+	40 residential assessed value as defined for purposes of calculating the
	10335	+	41 rate for the local income tax property tax relief credit designated for
	10336	+	42 residential property under IC 6-3.6-5-6(d)(3) (before its expiration).
	10337	+	ES 1—LS 7244/DI 120 238
	10338	+	1 SECTION 197. IC 12-20-25-34, AS AMENDED BY P.L.197-2016,
	10339	+	2 SECTION 103, IS AMENDED TO READ AS FOLLOWS
	10340	+	3 [EFFECTIVE JULY 1, 2027]: Sec. 34. The financial plan adopted
	10341	+	4 under section 33 of this chapter may include the following:
	10342	+	5 (1) The adoption in the current year of a local income tax rate
	10343	+	6 under IC 6-3.6 not to exceed one percent (1%). If a local income
	10344	+	7 tax rate is imposed under this chapter, the ordinance must specify
	10345	+	8 whether any revenue in excess of the rate needed to carry out the
	10346	+	9 financial plan is to be used for property tax relief (IC 6-3.6-5)
	10347	+	10 (before its expiration) or as additional revenue (IC 6-3.6-6). The
	10348	+	11 revenue from the tax rate under this section shall be distributed as
	10349	+	12 provided in this chapter. The adoption of a local income tax rate
	10350	+	13 under this chapter is in addition to the local income tax rate under
	10351	+	14 IC 6-3.6 that may already be in effect in the county.
	10352	+	15 (2) The payment of township assistance with county money.
	10353	+	16 (3) The elimination or reduction of township assistance services
	10354	+	17 not required under this article.
	10355	+	18 SECTION 198. IC 12-20-25-35, AS AMENDED BY P.L.197-2016,
	10356	+	19 SECTION 104, IS AMENDED TO READ AS FOLLOWS
	10357	+	20 [EFFECTIVE JULY 1, 2027]: Sec. 35. (a) The control board shall
	10358	+	21 report the following to the county fiscal body:
	10359	+	22 (1) The audit findings of the management committee.
	10360	+	23 (2) The financial plan adopted under section 33 of this chapter.
	10361	+	24 (b) Not more than thirty (30) days after notice, the county fiscal
	10362	+	25 body shall adopt one (1) of the following:
	10363	+	26 (1) An ordinance adopting the financial plan adopted by the
	10364	+	27 control board.
	10365	+	28 (2) An ordinance rejecting the financial plan adopted by the
	10366	+	29 control board.
	10367	+	30 (c) Notwithstanding IC 6-3.6-3, if:
	10368	+	31 (1) the financial plan adopted under section 33 of this chapter
	10369	+	32 includes a local income tax rate; and
	10370	+	33 (2) the fiscal body adopts an ordinance adopting the financial plan
	10371	+	34 under subsection (b);
	10372	+	35 the local income tax rate is imposed at the rate adopted in the financial
	10373	+	36 plan. Subject to the requirements of this chapter and notwithstanding
	10374	+	37 that the local income tax council may be the adopting body specified
	10375	+	38 in IC 6-3.6-3-1, the county fiscal body, rather than the local income tax
	10376	+	39 council, has the authority granted to a local income tax council by
	10377	+	40 IC 6-3.6-3 as long as the local income tax rate imposed under this
	10378	+	41 chapter remains in effect.
	10379	+	42 SECTION 199. IC 14-33-7-3 IS AMENDED TO READ AS
	10380	+	ES 1—LS 7244/DI 120 239
	10381	+	1 FOLLOWS [EFFECTIVE JANUARY 1, 2025 (RETROACTIVE)]:
	10382	+	2 Sec. 3. (a) Except as provided in subsection (b), in all districts
	10383	+	3 described in IC 14-33-9-4, the special benefits tax rate may not exceed
	10384	+	4 six and sixty-seven hundredths cents ($0.0667) on each one hundred
	10385	+	5 dollars ($100) of assessed valuation of property in the taxing district.
	10386	+	6 (b) This subsection applies to a district established after
	10387	+	7 December 31, 2024. The special benefits tax rate may not exceed
	10388	+	8 five cents ($0.05) on each one hundred dollars ($100) of assessed
	10389	+	9 valuation of property in the taxing district.
	10390	+	10 SECTION 200. IC 20-23-19 IS ADDED TO THE INDIANA CODE
	10391	+	11 AS A NEW CHAPTER TO READ AS FOLLOWS [EFFECTIVE
	10392	+	12 UPON PASSAGE]:
	10393	+	13 Chapter 19. Dissolution of Union School Corporation
	10394	+	14 Sec. 1. As used in this chapter, "annex" has the meaning set
	10395	+	15 forth in IC 20-23-5-2.
	10396	+	16 Sec. 2. The Union School Corporation and the governing body
	10397	+	17 of the Union School Corporation are dissolved on July 1, 2027.
	10398	+	18 Sec. 3. (a) On July 1, 2027, the territory of the Union School
	10399	+	19 Corporation is annexed as follows:
	10400	+	20 (1) All of the territory of the Union School Corporation that
	10401	+	21 is located in Henry County is annexed to the Blue River
	10402	+	22 Valley Schools School Corporation.
	10403	+	23 (2) All of the territory of the Union School Corporation that
	10404	+	24 is located in Randolph County is annexed to the Monroe
	10405	+	25 Central School Corporation.
	10406	+	26 (b) The Union School Corporation may not, after July 1, 2025,
	10407	+	27 do any of the following:
	10408	+	28 (1) Issue new bonds.
	10409	+	29 (2) Enter into a lease.
	10410	+	30 (3) Otherwise incur any new obligations.
	10411	+	31 Sec. 4. (a) Notwithstanding IC 20-26-7.1, the governing body of
	10412	+	32 the Union School Corporation, before its dissolution under this
	10413	+	33 chapter, shall offer for sale and sell in the open market any
	10414	+	34 building and real property owned by the Union School
	10415	+	35 Corporation.
	10416	+	36 (b) If the governing body is unable to sell a building described
	10417	+	37 in subsection (a), the governing body of the Union School
	10418	+	38 Corporation shall make the building available for purchase as
	10419	+	39 provided under IC 20-26-7.1.
	10420	+	40 (c) If the governing body of the Union School Corporation does
	10421	+	41 not sell a building or any real property described in subsection (a),
	10422	+	42 the governing body shall transfer ownership of the building and
	10423	+	ES 1—LS 7244/DI 120 240
	10424	+	1 any real property to the governing body of the Monroe Central
	10425	+	2 School Corporation.
	10426	+	3 (d) Notwithstanding IC 20-26-7.1, the governing body of the
	10427	+	4 Monroe Central School Corporation may offer for sale and sell any
	10428	+	5 building or real property transferred under subsection (c) in the
	10429	+	6 open market.
	10430	+	7 Sec. 5. (a) The governing body of the Union School Corporation
	10431	+	8 shall use any unencumbered funds and assets, including buses or
	10432	+	9 other personal property, owned or held by the Union School
	10433	+	10 Corporation to pay existing debts or liabilities of the Union School
	10434	+	11 Corporation.
	10435	+	12 (b) If funds and assets described in subsection (a) are
	10436	+	13 insufficient to pay all the existing debts or liabilities of the Union
	10437	+	14 School Corporation, there is appropriated on June 1, 2027, to the
	10438	+	15 Union School Corporation from the state general fund an amount
	10439	+	16 sufficient to pay off all existing debts of the Union School
	10440	+	17 Corporation.
	10441	+	18 Sec. 6. (a) If the Union School Corporation has any remaining
	10442	+	19 unencumbered funds or assets after all debts of the Union School
	10443	+	20 Corporation are paid, the remaining unencumbered funds or assets
	10444	+	21 must be divided for transfer to the Blue River Valley Schools
	10445	+	22 School Corporation and the Monroe Central School Corporation
	10446	+	23 as follows:
	10447	+	24 STEP ONE: Determine the total assessed value of all property
	10448	+	25 subject to taxation by the Union School Corporation.
	10449	+	26 STEP TWO: Determine the total assessed value of all
	10450	+	27 property subject to taxation by the Union School Corporation
	10451	+	28 that is located in Henry County.
	10452	+	29 STEP THREE: Determine the total assessed value of all
	10453	+	30 property subject to taxation by the Union School Corporation
	10454	+	31 that is located in Randolph County.
	10455	+	32 STEP FOUR: Calculate the quotient of:
	10456	+	33 (A) STEP TWO; divided by
	10457	+	34 (B) STEP ONE.
	10458	+	35 STEP FIVE: Calculate the quotient of:
	10459	+	36 (A) STEP THREE; divided by
	10460	+	37 (B) STEP ONE.
	10461	+	38 STEP SIX: Determine the product of:
	10462	+	39 (A) the amount or value of any remaining unencumbered
	10463	+	40 funds or assets of the Union School Corporation;
	10464	+	41 multiplied by
	10465	+	42 (B) STEP FOUR.
	10466	+	ES 1—LS 7244/DI 120 241
	10467	+	1 STEP SEVEN: Determine the product of:
	10468	+	2 (A) the amount or value of any remaining unencumbered
	10469	+	3 funds or assets of the Union School Corporation;
	10470	+	4 multiplied by
	10471	+	5 (B) STEP FIVE.
	10472	+	6 (b) The governing body of the Union School Corporation shall
	10473	+	7 do the following:
	10474	+	8 (1) Determine the amount of the fair market value of each
	10475	+	9 remaining unencumbered asset owned by the Union School
	10476	+	10 Corporation.
	10477	+	11 (2) Transfer the following not later than June 30, 2027:
	10478	+	12 (A) The amount of any funds plus assets, as applicable, that
	10479	+	13 is equal to the product determined under STEP SIX of
	10480	+	14 subsection (a) to the Blue River Valley Schools School
	10481	+	15 Corporation.
	10482	+	16 (B) The amount of any funds plus assets, as applicable, that
	10483	+	17 is equal to the product determined under STEP SEVEN of
	10484	+	18 subsection (a) to the Monroe Central School Corporation.
	10485	+	19 Sec. 7. (a) With the addition of the annexed territory under this
	10486	+	20 chapter, the governing body of the Blue River Valley Schools
	10487	+	21 School Corporation shall, not later than July 1, 2025, begin the
	10488	+	22 process of adopting a plan, as needed, to determine the manner in
	10489	+	23 which the governing body shall be constituted.
	10490	+	24 (b) With the addition of the annexed territory under this
	10491	+	25 chapter, the governing body of the Monroe Central School
	10492	+	26 Corporation shall, not later than July 1, 2025, begin the process of
	10493	+	27 adopting a plan, as needed, to determine the manner in which the
	10494	+	28 governing body shall be constituted.
	10495	+	29 (c) Except as provided in subsection (d), the plan shall be
	10496	+	30 adopted in accordance with the requirements and procedures of
	10497	+	31 IC 20-23-8.
	10498	+	32 (d) The adoption of a plan under IC 20-23-8-10 and the
	10499	+	33 submission of the plan to the state board under IC 20-23-8-15 are
	10500	+	34 the only procedures required when an existing plan is changed as
	10501	+	35 described in IC 20-23-5-11(b).
	10502	+	36 (e) A plan described in subsection (a) or (b) must be adopted
	10503	+	37 and effective not later than May 15, 2027.
	10504	+	38 Sec. 8. For purposes of meeting the requirements of IC 3-8-1-34,
	10505	+	39 an individual residing in territory annexed under section 3 of this
	10506	+	40 chapter is considered a resident of the Blue River Valley Schools
	10507	+	41 School Corporation or the Monroe Central School Corporation,
	10508	+	42 whichever is applicable, during the time period in which the
	10509	+	ES 1—LS 7244/DI 120 242
	10510	+	1 individual resided in the territory before the annexation.
	10511	+	2 Sec. 9. This subsection applies to the second installment of
	10512	+	3 property taxes first due and payable in 2027. In the case of
	10513	+	4 property tax revenue that, if not for the application of this chapter,
	10514	+	5 is collected for Union School Corporation that is attributable to
	10515	+	6 tangible property located in Randolph County, the Randolph
	10516	+	7 County auditor shall distribute the property tax revenue instead to
	10517	+	8 Monroe Central School Corporation. In the case of property tax
	10518	+	9 revenue that, if not for the application of this chapter, is collected
	10519	+	10 for Union School Corporation that is attributable to tangible
	10520	+	11 property located in Henry County, the Henry County auditor shall
	10521	+	12 distribute the property tax revenue instead to Blue River Valley
	10522	+	13 School Corporation.
	10523	+	14 Sec. 10. This chapter expires July 1, 2028.
	10524	+	15 SECTION 201. IC 20-24-3-19 IS ADDED TO THE INDIANA
	10525	+	16 CODE AS A NEW SECTION TO READ AS FOLLOWS
	10526	+	17 [EFFECTIVE JULY 1, 2025]: Sec. 19. (a) This section applies to a
	10527	+	18 charter school that receives property tax revenue under any statute
	10528	+	19 referred to in IC 20-24-7-6.1 or IC 20-24-7-6.2.
	10529	+	20 (b) As used in this section, "executive" has the meaning set forth
	10530	+	21 in IC 36-1-2-5.
	10531	+	22 (c) The county executive of the county in which the charter
	10532	+	23 school organizer is incorporated shall appoint one (1) individual to
	10533	+	24 serve as a member of the charter school board.
	10534	+	25 (d) In the case of a charter school organizer that operates more
	10535	+	26 than one (1) charter school located in more than one (1) county, the
	10536	+	27 county executive of the county in which the charter school is
	10537	+	28 incorporated shall appoint the member under this section.
	10538	+	29 (e) The following may not be appointed to a governing board
	10539	+	30 under this section:
	10540	+	31 (1) An individual currently serving on the governing body of
	10541	+	32 a school corporation.
	10542	+	33 (2) An individual currently employed by a school corporation.
	10543	+	34 (f) A county executive may designate an individual who already
	10544	+	35 serves on the governing board of the charter school as the county
	10545	+	36 executive's appointee under subsection (c).
	10546	+	37 SECTION 202. IC 20-24-4-1, AS AMENDED BY P.L.150-2024,
	10547	+	38 SECTION 13, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	10548	+	39 JULY 1, 2025]: Sec. 1. (a) A charter must meet the following
	10549	+	40 requirements:
	10550	+	41 (1) Be a written instrument.
	10551	+	42 (2) Be executed by an authorizer and an organizer.
	10552	+	ES 1—LS 7244/DI 120 243
	10553	+	1 (3) Confer certain rights, franchises, privileges, and obligations
	10554	+	2 on a charter school.
	10555	+	3 (4) Confirm the status of a charter school as a public school.
	10556	+	4 (5) Subject to subdivision (6)(E), be granted for:
	10557	+	5 (A) not less than three (3) years or more than fifteen (15)
	10558	+	6 years; and
	10559	+	7 (B) a fixed number of years agreed to by the authorizer and the
	10560	+	8 organizer.
	10561	+	9 (6) Provide for the following:
	10562	+	10 (A) A review by the authorizer of the charter school's
	10563	+	11 performance, including the progress of the charter school in
	10564	+	12 achieving the academic goals set forth in the charter, at least
	10565	+	13 one (1) time in each five (5) year period while the charter is in
	10566	+	14 effect.
	10567	+	15 (B) Renewal, if the authorizer and the organizer agree to renew
	10568	+	16 the charter.
	10569	+	17 (C) The renewal application must include guidance from the
	10570	+	18 authorizer, and the guidance must include the performance
	10571	+	19 criteria that will guide the authorizer's renewal decisions.
	10572	+	20 (D) The renewal application process must, at a minimum,
	10573	+	21 provide an opportunity for the charter school to:
	10574	+	22 (i) present additional evidence, beyond the data contained in
	10575	+	23 the performance report, supporting its case for charter
	10576	+	24 renewal;
	10577	+	25 (ii) describe improvements undertaken or planned for the
	10578	+	26 charter school; and
	10579	+	27 (iii) detail the charter school's plans for the next charter
	10580	+	28 term.
	10581	+	29 (E) Not later than the end of the calendar year in which the
	10582	+	30 charter school seeks renewal of a charter, the governing board
	10583	+	31 of a charter school seeking renewal shall submit a renewal
	10584	+	32 application to the charter authorizer under the renewal
	10585	+	33 application guidance issued by the authorizer. The authorizer
	10586	+	34 shall make a final ruling on the renewal application not later
	10587	+	35 than April 1 after the filing of the renewal application. A
	10588	+	36 renewal granted under this clause is not subject to the three (3)
	10589	+	37 year minimum described in subdivision (5). The April 1
	10590	+	38 deadline does not apply to any review or appeal of a final
	10591	+	39 ruling. After the final ruling is issued, the charter school may
	10592	+	40 obtain further review by the authorizer of the authorizer's final
	10593	+	41 ruling in accordance with the terms of the charter school's
	10594	+	42 charter and the protocols of the authorizer.
	10595	+	ES 1—LS 7244/DI 120 244
	10596	+	1 (7) Specify the grounds for the authorizer to:
	10597	+	2 (A) revoke the charter before the end of the term for which the
	10598	+	3 charter is granted; or
	10599	+	4 (B) not renew a charter.
	10600	+	5 (8) Set forth the methods by which the charter school will be held
	10601	+	6 accountable for achieving the educational mission and goals of
	10602	+	7 the charter school, including the following:
	10603	+	8 (A) Evidence of improvement in:
	10604	+	9 (i) assessment measures, including the statewide assessment
	10605	+	10 program measures;
	10606	+	11 (ii) attendance rates;
	10607	+	12 (iii) graduation rates (if appropriate);
	10608	+	13 (iv) increased numbers of Indiana diplomas with a Core 40
	10609	+	14 designation or increased numbers of Indiana diploma
	10610	+	15 designations established under IC 20-19-2-21 and other
	10611	+	16 college and career ready indicators including advanced
	10612	+	17 placement participation and passage, dual credit
	10613	+	18 participation and passage, and International Baccalaureate
	10614	+	19 participation and passage (if appropriate);
	10615	+	20 (v) increased numbers of Indiana diplomas with Core 40
	10616	+	21 with academic honors and technical honors designations (if
	10617	+	22 appropriate);
	10618	+	23 (vi) student academic growth;
	10619	+	24 (vii) financial performance and stability; and
	10620	+	25 (viii) governing board performance and stewardship,
	10621	+	26 including compliance with applicable laws, rules and
	10622	+	27 regulations, and charter terms.
	10623	+	28 (B) Evidence of progress toward reaching the educational
	10624	+	29 goals set by the organizer.
	10625	+	30 (9) Describe the method to be used to monitor the charter
	10626	+	31 school's:
	10627	+	32 (A) compliance with applicable law; and
	10628	+	33 (B) performance in meeting targeted educational performance.
	10629	+	34 (10) Specify that the authorizer and the organizer may amend the
	10630	+	35 charter during the term of the charter by mutual consent and
	10631	+	36 describe the process for amending the charter.
	10632	+	37 (11) Describe specific operating requirements, including all the
	10633	+	38 matters set forth in the application for the charter.
	10634	+	39 (12) Specify a date when the charter school will:
	10635	+	40 (A) begin school operations; and
	10636	+	41 (B) have students attending the charter school.
	10637	+	42 (13) Specify that records of a charter school relating to the
	10638	+	ES 1—LS 7244/DI 120 245
	10639	+	1 school's operation and charter are subject to inspection and
	10640	+	2 copying to the same extent that records of a public school are
	10641	+	3 subject to inspection and copying under IC 5-14-3.
	10642	+	4 (14) Specify that records provided by the charter school to the
	10643	+	5 department or authorizer that relate to compliance by the
	10644	+	6 organizer with the terms of the charter or applicable state or
	10645	+	7 federal laws are subject to inspection and copying in accordance
	10646	+	8 with IC 5-14-3.
	10647	+	9 (15) Specify that the charter school is subject to the requirements
	10648	+	10 of IC 5-14-1.5.
	10649	+	11 (16) This subdivision applies to a charter established or renewed
	10650	+	12 for an adult high school after June 30, 2014. The charter must
	10651	+	13 require:
	10652	+	14 (A) that the school will offer flexible scheduling;
	10653	+	15 (B) that students will not complete the majority of instruction
	10654	+	16 of the school's curriculum online or through remote
	10655	+	17 instruction;
	10656	+	18 (C) that the school will offer dual credit or industry
	10657	+	19 certification course work that aligns with career pathways as
	10658	+	20 recommended by the Indiana career council established by
	10659	+	21 IC 22-4.5-9-3 (expired); and
	10660	+	22 (D) a plan:
	10661	+	23 (i) to support successful program completion and to assist
	10662	+	24 transition of graduates to the workforce or to a
	10663	+	25 postsecondary education upon receiving a diploma from the
	10664	+	26 adult high school; and
	10665	+	27 (ii) to review individual student accomplishments and
	10666	+	28 success after a student receives a diploma from the adult
	10667	+	29 high school.
	10668	+	30 (17) In the case of a charter school that is subject to
	10669	+	31 IC 20-24-3-19, the charter must confirm that at least one (1)
	10670	+	32 member of the governing board of the charter school will be
	10671	+	33 appointed in accordance with IC 20-24-3-19.
	10672	+	34 (b) A charter school shall set annual performance targets in
	10673	+	35 conjunction with the charter school's authorizer. The annual
	10674	+	36 performance targets shall be designed to help each school meet
	10675	+	37 applicable federal, state, and authorizer expectations.
	10676	+	38 SECTION 203. IC 20-24-7-6, AS AMENDED BY P.L.189-2023,
	10677	+	39 SECTION 4, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	10678	+	40 JULY 1, 2025]: Sec. 6. (a) With the approval of a majority of the
	10679	+	41 members of the governing body, a school corporation may distribute a
	10680	+	42 proportionate share of the school corporation's operations fund to a
	10681	+	ES 1—LS 7244/DI 120 246
	10682	+	1 charter school. A charter school may elect to distribute a proportionate
	10683	+	2 share of the charter school's operations fund to the school corporation
	10684	+	3 in whose district the charter school is located.
	10685	+	4 (b) Except as provided in IC 20-46-1-21 and IC 20-46-9-22, a
	10686	+	5 governing body may distribute money that is received as part of a tax
	10687	+	6 levy collected under IC 20-46-1 from the school corporation's
	10688	+	7 education fund to a charter school, excluding a virtual charter school,
	10689	+	8 in the manner provided by IC 20-46-1-8(e).
	10690	+	9 (c) Except as provided in IC 20-46-1-21 and IC 20-46-9-22, a
	10691	+	10 governing body may distribute money from the school safety
	10692	+	11 referendum tax levy fund to a charter school, excluding a virtual
	10693	+	12 charter school, in the manner prescribed by IC 20-46-9-6(b).
	10694	+	13 SECTION 204. IC 20-24-7-6.1, AS ADDED BY P.L.201-2023,
	10695	+	14 SECTION 153, IS AMENDED TO READ AS FOLLOWS
	10696	+	15 [EFFECTIVE JULY 1, 2025]: Sec. 6.1. (a) This section applies to
	10697	+	16 revenue collected:
	10698	+	17 (1) after June 30, 2024, and before January 1, 2028, from a tax
	10699	+	18 levy imposed under IC 20-46-8 by the governing body of a school
	10700	+	19 corporation described in IC 20-46-8-11.2(a); and
	10701	+	20 (2) after December 31, 2027, in the case of a tax levy imposed
	10702	+	21 under IC 20-46-8 by the governing body of a school
	10703	+	22 corporation.
	10704	+	23 (b) Beginning In calendar year 2025, 2026, and 2027, and each year
	10705	+	24 thereafter, the county auditor shall distribute money that is received as
	10706	+	25 part of a tax levy collected under IC 20-46-8 to an eligible charter
	10707	+	26 school, excluding a virtual charter school and adult high school, for
	10708	+	27 deposit in the charter school's operations fund created under
	10709	+	28 IC 20-40-18-1. The distributions shall be made at the same time that
	10710	+	29 tax levy revenue is required to be distributed to school corporations.
	10711	+	30 (c) Beginning in calendar year 2028, and each year thereafter,
	10712	+	31 the county auditor shall distribute money that is received as part
	10713	+	32 of a tax levy collected under IC 20-46-8 to an eligible charter
	10714	+	33 school, excluding a virtual charter school and adult high school, in
	10715	+	34 the manner prescribed by IC 20-46-8-12 for deposit in the charter
	10716	+	35 school's operations fund created under IC 20-40-18-1. The
	10717	+	36 distributions shall be made at the same time that tax levy revenue
	10718	+	37 is required to be distributed to school corporations.
	10719	+	38 SECTION 205. IC 20-24-7-6.2, AS ADDED BY P.L.189-2023,
	10720	+	39 SECTION 5, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	10721	+	40 JULY 1, 2025]: Sec. 6.2. (a) This section applies to a levy:
	10722	+	41 (1) resulting from a resolution to place a referendum on the ballot
	10723	+	42 adopted by the governing body under IC 20-46-1-8,
	10724	+	ES 1—LS 7244/DI 120 247
	10725	+	1 IC 20-46-1-8.5, IC 20-46-9-6, or IC 20-46-9-7 after May 10,
	10726	+	2 2023, for counties described in IC 20-46-1-21(a) and
	10727	+	3 IC 20-46-9-22(a); or
	10728	+	4 (2) if the:
	10729	+	5 (A) governing body of the school corporation approves the
	10730	+	6 referendum levy in a resolution adopted under
	10731	+	7 IC 20-46-1-8 or IC 20-46-1-8.5; and
	10732	+	8 (B) referendum levy is imposed for the first time with
	10733	+	9 property taxes first due and payable in a calendar year
	10734	+	10 beginning after December 31, 2027.
	10735	+	11 (b) The county auditor in the county in which the applicable school
	10736	+	12 corporation is located shall distribute money that is received as part of
	10737	+	13 a tax levy collected under IC 20-46-1 to an applicable charter school,
	10738	+	14 excluding a virtual charter school or adult high school, in the manner
	10739	+	15 provided by IC 20-46-1-21.
	10740	+	16 (c) The county auditor in the county in which the applicable school
	10741	+	17 corporation is located shall distribute money that is received as part of
	10742	+	18 a tax levy collected under IC 20-46-9 to an applicable charter school,
	10743	+	19 excluding a virtual charter school or adult high school, in the manner
	10744	+	20 prescribed by IC 20-46-9-22.
	10745	+	21 (d) A charter school that may receive money from a school
	10746	+	22 corporation's tax levy collected under IC 20-46-1 or a school safety
	10747	+	23 referendum tax levy under IC 20-46-9 may not promote a position on
	10748	+	24 is prohibited from promoting a referendum in the same manner as a
	10749	+	25 school corporation is prohibited from promoting a position on a
	10750	+	26 referendum under IC 20-46-1-20.
	10751	+	27 (e) If a charter school receives a distribution from a school
	10752	+	28 corporation from the school corporation's tax levy collected under
	10753	+	29 IC 20-46-1 or a school safety referendum tax levy under IC 20-46-9,
	10754	+	30 the charter school must post the following on the charter school's
	10755	+	31 website:
	10756	+	32 (1) The specific purposes for which the revenue received from the
	10757	+	33 tax levy will be used.
	10758	+	34 (2) An estimate of the annual dollar amounts that will be
	10759	+	35 expended for each purpose described in subdivision (1).
	10760	+	36 SECTION 206. IC 20-24-7-17 IS ADDED TO THE INDIANA
	10761	+	37 CODE AS A NEW SECTION TO READ AS FOLLOWS
	10762	+	38 [EFFECTIVE JULY 1, 2025]: Sec. 17. (a) This section is in addition
	10763	+	39 to any other requirement imposed on a charter school with respect
	10764	+	40 to the closure of a charter school, including the payment of any
	10765	+	41 outstanding debts.
	10766	+	42 (b) At the time of the closure of a charter school, the charter
	10767	+	ES 1—LS 7244/DI 120 248
	10768	+	1 school shall return any money remaining unexpended from any
	10769	+	2 distribution of property tax revenue received from a levy referred
	10770	+	3 to in sections 6.1 and 6.2 of this chapter to the school corporation
	10771	+	4 that made the distribution. A charter school that closes is not
	10772	+	5 entitled to any future distributions of property tax revenue from a
	10773	+	6 levy referred to in sections 6.1 and 6.2 of this chapter.
	10774	+	7 (c) If a charter school has outstanding debt at the time of the
	10775	+	8 closure, the charter school must satisfy the outstanding debt in
	10776	+	9 accordance with the following:
	10777	+	10 (1) If the charter school owns the building but did not
	10778	+	11 purchase the building under IC 20-26-7.1, the charter school
	10779	+	12 must first sell the building and apply the proceeds received
	10780	+	13 from the sale to pay off the outstanding debt.
	10781	+	14 (2) If subdivision (1) does not apply, the charter school must
	10782	+	15 satisfy the debt by means of any other revenue source legally
	10783	+	16 available to the charter school.
	10784	+	17 (d) A charter school that closes must notify the county auditor
	10785	+	18 of the county in which the charter school is located of the closure
	10786	+	19 and provide the county auditor with a copy of the:
	10787	+	20 (1) charter school authorizer's decision;
	10788	+	21 (2) charter school's governing body's vote determining; or
	10789	+	22 (3) minutes of the meeting at which the charter school's
	10790	+	23 governing body made the decision;
	10791	+	24 to close the charter school.
	10792	+	25 SECTION 207. IC 20-25.7-5-3, AS AMENDED BY P.L.162-2024,
	10793	+	26 SECTION 10, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	10794	+	27 JULY 1, 2025]: Sec. 3. (a) For as long as a charter school remains a
	10795	+	28 participating innovation network charter school:
	10796	+	29 (1) the school corporation may provide transportation for students
	10797	+	30 attending the participating innovation network charter school;
	10798	+	31 (2) the school corporation may maintain and repair the buildings
	10799	+	32 and grounds used by the participating innovation network charter
	10800	+	33 school consistent with the maintenance and repair to the school
	10801	+	34 corporation's other buildings and grounds;
	10802	+	35 (3) the school corporation may enter into an agreement to transfer
	10803	+	36 the ownership of a school corporation facility to the organizer;
	10804	+	37 and
	10805	+	38 (4) the school corporation may not alter the use of the facility
	10806	+	39 occupied by the participating innovation network charter school
	10807	+	40 without written agreement from the organizer.
	10808	+	41 (b) If an organizer contracts with a school corporation for goods or
	10809	+	42 services, the school corporation may not charge the organizer more for
	10810	+	ES 1—LS 7244/DI 120 249
	10811	+	1 the goods or services than the school corporation pays for the goods or
	10812	+	2 services. A school corporation may not require an organizer to contract
	10813	+	3 for specific goods or services provided by the school corporation or any
	10814	+	4 other entity.
	10815	+	5 (c) A school corporation and an organizer may negotiate to require
	10816	+	6 specific services with regard to a participating innovation network
	10817	+	7 charter school during the term of an agreement. However, an organizer
	10818	+	8 must be able to select the service provider for the services.
	10819	+	9 (d) For as long as a charter school remains a participating
	10820	+	10 innovation network charter school, the school corporation may
	10821	+	11 distribute money levied as property taxes to the charter school. Property
	10822	+	12 taxes distributed to a charter school must be used only for a purpose for
	10823	+	13 which the property taxes could have been used by the school
	10824	+	14 corporation. Property taxes distributed under this subsection may
	10825	+	15 supplement services and property provided under subsection (a) or (b).
	10826	+	16 The parties may jointly modify an agreement described in section 2 of
	10827	+	17 this chapter to implement this subsection.
	10828	+	18 (e) An agreement concerning the transfer of ownership of a school
	10829	+	19 corporation facility described in subsection (a) is not subject to
	10830	+	20 IC 20-26-7.1.
	10831	+	21 (f) Unless an agreement entered into before July 1, 2024, between
	10832	+	22 a board and an organizer provides otherwise, a school corporation may
	10833	+	23 not charge an organizer an amount for goods and services that is
	10834	+	24 greater than the amount of the operations fund property tax levy the
	10835	+	25 organizer receives under IC 20-46-8-11.2 or IC 20-46-8-12 for the
	10836	+	26 participating innovation network charter school.
	10837	+	27 SECTION 208. IC 20-26-7-18, AS AMENDED BY P.L.250-2023,
	10838	+	28 SECTION 19, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	10839	+	29 JULY 1, 2025]: Sec. 18. Subject to IC 5-1-11.5, a school corporation
	10840	+	30 may issue and sell bonds under the general statutes governing the
	10841	+	31 issuance of bonds to purchase and improve buildings or lands, or both.
	10842	+	32 All laws relating to approval (if required) in a local public question
	10843	+	33 under IC 6-1.1-20, including the requirement that a local public
	10844	+	34 question may be placed on the ballot only at a general election, the
	10845	+	35 filing of petitions, remonstrances, and objecting petitions, giving
	10846	+	36 notices of the filing of petitions, the determination to issue bonds, and
	10847	+	37 the appropriation of the proceeds of the bonds are applicable to the
	10848	+	38 issuance of bonds under section 17 of this chapter.
	10849	+	39 SECTION 209. IC 20-26-7.1-1, AS AMENDED BY P.L.36-2024,
	10850	+	40 SECTION 3, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	10851	+	41 JULY 1, 2025]: Sec. 1. (a) For purposes of this section, "charter
	10852	+	42 school" does not include a virtual charter school or an adult high
	10853	+	ES 1—LS 7244/DI 120 250
	10854	+	1 school.
	10855	+	2 (b) This chapter does not apply to the following:
	10856	+	3 (1) A school building that since July 1, 2011, is leased or loaned
	10857	+	4 by the school corporation that owns the school building to another
	10858	+	5 entity, if the entity is not a building corporation or other entity that
	10859	+	6 is related in any way to, or created by, the school corporation or
	10860	+	7 the governing body.
	10861	+	8 (2) A school corporation to which all of the following apply:
	10862	+	9 (A) The county auditor distributes revenue after May 10, 2023,
	10863	+	10 as required under IC 20-46-1-21 or IC 20-46-1-22 to each
	10864	+	11 eligible charter school. described in IC 20-46-1-21(b).
	10865	+	12 (B) If the school corporation listed in IC 20-46-9-22 receives
	10866	+	13 revenue from a school safety referendum tax levy under
	10867	+	14 IC 20-46-9, the county auditor distributes revenue after May
	10868	+	15 10, 2023, as required under IC 20-46-9-22 to each charter
	10869	+	16 school described in IC 20-46-9-22(b).
	10870	+	17 The above subdivisions are intended to apply retroactively. No
	10871	+	18 referendums or distributed revenue prior to May 10, 2023, are
	10872	+	19 effective to provide exemption from this chapter.
	10873	+	20 (3) A school corporation to which all of the following apply:
	10874	+	21 (A) The school corporation approves a resolution after May
	10875	+	22 10, 2023, to impose an operating referendum tax levy under
	10876	+	23 IC 20-46-1 after May 10, 2023, that includes sharing the
	10877	+	24 revenue from the referendum tax levy in the amounts
	10878	+	25 described in clause (B) with each charter school that:
	10879	+	26 (i) a student who resides within the attendance area of the
	10880	+	27 school corporation attends; and
	10881	+	28 (ii) elects to participate in the referendum.
	10882	+	29 The above subdivisions are intended to apply retroactively. No
	10883	+	30 resolutions, referendums, or distributed revenue prior to May 10,
	10884	+	31 2023, are effective to provide exemption from this chapter.
	10885	+	32 (B) The amount of referendum tax levy revenue that the school
	10886	+	33 corporation is required to share with each charter school under
	10887	+	34 the resolution described in clause (A) is equal to the amount
	10888	+	35 determined applying the applicable formula under
	10889	+	36 IC 20-46-1-21(d). IC 20-46-1-21 or IC 20-46-1-22.
	10890	+	37 (C) The referendum tax levy described in clause (A) is
	10891	+	38 approved by the voters.
	10892	+	39 (D) The school corporation distributes the amounts described
	10893	+	40 in clause (B) to each charter school described in clause (A).
	10894	+	41 (E) If the school corporation receives revenue from a school
	10895	+	42 safety referendum tax levy under IC 20-46-9, the school
	10896	+	ES 1—LS 7244/DI 120 251
	10897	+	1 corporation shares the revenue from the school safety
	10898	+	2 referendum tax levy with each charter school that:
	10899	+	3 (i) a student who resides within the attendance area of the
	10900	+	4 school corporation attends; and
	10901	+	5 (ii) elects to participate in the referendum;
	10902	+	6 in an amount equal to the amount determined applying the
	10903	+	7 formula under IC 20-46-9-22(d).
	10904	+	8 (c) In order for any payment to a charter school to qualify as sharing
	10905	+	9 of proceeds from a referendum for purposes of exemption from
	10906	+	10 IC 20-26-7.1, the referendum must have been passed with prior notice
	10907	+	11 to voters of all amounts of referendum proceeds to be paid to charter
	10908	+	12 schools. Any claim of exemption based on payment of proceeds from
	10909	+	13 a referendum passed without such notice is void.
	10910	+	14 SECTION 210. IC 20-40-2-2, AS AMENDED BY P.L.201-2023,
	10911	+	15 SECTION 181, IS AMENDED TO READ AS FOLLOWS
	10912	+	16 [EFFECTIVE JULY 1, 2025]: Sec. 2. (a) The governing body of each
	10913	+	17 school corporation shall establish an education fund for the payment of
	10914	+	18 expenses that are allocated to student instruction and learning under
	10915	+	19 IC 20-42.5.
	10916	+	20 (b) The governing body of a charter school that receives a
	10917	+	21 distribution of revenue received from a tax levy under IC 20-46-8-11.2
	10918	+	22 or IC 20-46-8-12 shall establish an education fund for the payment of
	10919	+	23 expenses that are allocated to student instruction and learning under
	10920	+	24 IC 20-42.5.
	10921	+	25 SECTION 211. IC 20-40-3-5, AS AMENDED BY P.L.189-2023,
	10922	+	26 SECTION 28, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	10923	+	27 JULY 1, 2025]: Sec. 5. (a) Money in the fund may be used for any
	10924	+	28 lawful school expenses, including making a transfer to the school
	10925	+	29 corporation's education fund (IC 20-40-2) or operations fund
	10926	+	30 (IC 20-40-18).
	10927	+	31 (b) Except as provided in IC 20-46-1-21, a school corporation may
	10928	+	32 distribute proceeds of a tax levy collected under IC 20-46-1 that is
	10929	+	33 transferred to the school corporation's education fund to a charter
	10930	+	34 school, excluding a virtual charter school, that is located within the
	10931	+	35 attendance area of the school corporation.
	10932	+	36 SECTION 212. IC 20-40-18-1, AS AMENDED BY P.L.201-2023,
	10933	+	37 SECTION 185, IS AMENDED TO READ AS FOLLOWS
	10934	+	38 [EFFECTIVE JULY 1, 2025]: Sec. 1. (a) The governing body of each
	10935	+	39 school corporation shall create an operations fund to be used by the
	10936	+	40 school corporation after December 31, 2018.
	10937	+	41 (b) The governing body of each charter school that receives a
	10938	+	42 distribution of revenue received from a tax levy under IC 20-46-8-11.2
	10939	+	ES 1—LS 7244/DI 120 252
	10940	+	1 or IC 20-46-8-12 shall create an operations fund to be used by the
	10941	+	2 charter school after December 31, 2024.
	10942	+	3 SECTION 213. IC 20-40-18-2, AS AMENDED BY P.L.201-2023,
	10943	+	4 SECTION 186, IS AMENDED TO READ AS FOLLOWS
	10944	+	5 [EFFECTIVE JULY 1, 2025]: Sec. 2. (a) The operations fund shall be
	10945	+	6 used to deposit the following after December 31, 2018, in the case of
	10946	+	7 a school corporation:
	10947	+	8 (1) Revenue from the school corporation's operations fund
	10948	+	9 property tax levy under IC 20-46-8.
	10949	+	10 (2) The sum of the following excise tax revenue received for
	10950	+	11 deposit in the fund in the calendar year in which the school year
	10951	+	12 begins:
	10952	+	13 (A) Financial institutions excise tax (IC 6-5.5).
	10953	+	14 (B) Motor vehicle excise taxes (IC 6-6-5).
	10954	+	15 (C) Commercial vehicle excise taxes (IC 6-6-5.5).
	10955	+	16 (D) Boat excise tax (IC 6-6-11).
	10956	+	17 (E) Aircraft license excise tax (IC 6-6-6.5).
	10957	+	18 (3) Transfers from the education fund (IC 20-40-2) or the
	10958	+	19 operating referendum tax levy fund (IC 20-40-3), if any.
	10959	+	20 (4) Allocations of local income taxes to the school corporation
	10960	+	21 under IC 6-3.6-6, if any.
	10961	+	22 (b) In the case of a charter school, the operations fund shall be
	10962	+	23 used to deposit amounts distributed to the charter school under
	10963	+	24 IC 20-46-8-11.2 or IC 20-46-8-12 after December 31, 2024.
	10964	+	25 SECTION 214. IC 20-40-18-10.5, AS ADDED BY P.L.201-2023,
	10965	+	26 SECTION 187, IS AMENDED TO READ AS FOLLOWS
	10966	+	27 [EFFECTIVE JULY 1, 2025]: Sec. 10.5. (a) This section applies only
	10967	+	28 to eligible charter schools that receive amounts distributed under
	10968	+	29 IC 20-46-8-11.2 or IC 20-46-8-12.
	10969	+	30 (b) For purposes of this section, "charter board" means the
	10970	+	31 governing body of the organizer (as defined in IC 20-24-1-7) of an
	10971	+	32 eligible charter school.
	10972	+	33 (c) The operations fund may be used only to do the following:
	10973	+	34 (1) Carry out a capital projects plan under the following
	10974	+	35 conditions:
	10975	+	36 (A) The plan must include all proposed expenditures that
	10976	+	37 exceed ten thousand dollars ($10,000) and are for:
	10977	+	38 (i) capital assets; or
	10978	+	39 (ii) projects that are considered capital in nature, including
	10979	+	40 technology related projects.
	10980	+	41 (B) If a charter school wants to use money in the operations
	10981	+	42 fund during the year to pay for any items listed in clause (E)
	10982	+	ES 1—LS 7244/DI 120 253
	10983	+	1 that are considered capital in nature, the charter board must
	10984	+	2 approve a plan following a public hearing. The charter school
	10985	+	3 shall post the proposed plan or proposed amended plan on the
	10986	+	4 charter school's website before the hearing. The charter school
	10987	+	5 shall submit the proposed capital projects plan to the
	10988	+	6 department of local government finance's computer gateway
	10989	+	7 at least ten (10) days before the public hearing. The
	10990	+	8 department of local government finance shall make the
	10991	+	9 proposed plan available at least ten (10) days before the
	10992	+	10 hearing, through the department's computer gateway. If an
	10993	+	11 amendment to a capital projects plan is proposed, the charter
	10994	+	12 board must declare the nature of and need for the amendment
	10995	+	13 in the plan amendment.
	10996	+	14 (C) If a charter board adopts a plan under clause (B), the
	10997	+	15 charter school must then submit the plan to the department of
	10998	+	16 local government finance for inclusion on the department's
	10999	+	17 computer gateway not later than thirty (30) days after adoption
	11000	+	18 of the plan. The department of local government finance shall
	11001	+	19 immediately make the proposed plan available through the
	11002	+	20 gateway website.
	11003	+	21 (D) This clause applies to an amendment to a plan that is
	11004	+	22 required because of an emergency that results in costs that
	11005	+	23 exceed the amount accumulated in the fund for repair,
	11006	+	24 replacement, or site acquisition that is necessitated by an
	11007	+	25 emergency. The charter board is not required to comply with
	11008	+	26 clause (C). If the charter board determines that an emergency
	11009	+	27 exists, the governing body may adopt an amendment to the
	11010	+	28 plan. An amendment to a plan is not subject to the deadline
	11011	+	29 and procedures for adoption of a plan described in this
	11012	+	30 subdivision.
	11013	+	31 (E) This clause sets forth an exclusive list of the expenditures
	11014	+	32 that may be made from the operations fund under clause (B),
	11015	+	33 as set forth in the charter board's plan or amended plan.
	11016	+	34 Subject to the expenditures that are identified in the charter
	11017	+	35 school's plan or amended plan, the operations fund shall be
	11018	+	36 used for the following:
	11019	+	37 (i) Site acquisition.
	11020	+	38 (ii) Site development.
	11021	+	39 (iii) Building acquisition, construction, replacement,
	11022	+	40 renovation, remodeling, improvement, and maintenance,
	11023	+	41 including building materials and employment services.
	11024	+	42 (iv) Rental of real estate, buildings, facilities, and
	11025	+	ES 1—LS 7244/DI 120 254
	11026	+	1 equipment.
	11027	+	2 (v) To repair and replace buildings and to repair and replace
	11028	+	3 building fixtures that are owned or leased by the charter
	11029	+	4 school and of a type constituting loss capable of being
	11030	+	5 covered by casualty insurance.
	11031	+	6 (vi) Purchase, lease, repair, or maintenance of equipment,
	11032	+	7 including maintenance vehicles to be used by the charter
	11033	+	8 school. However, the fund may not be used to pay for the
	11034	+	9 purchase, lease, repair, or maintenance of vehicles that are
	11035	+	10 not maintenance vehicles, or equipment to be used primarily
	11036	+	11 for interscholastic or extracurricular activities.
	11037	+	12 (vii) Service contracts for janitorial and custodial services,
	11038	+	13 maintenance services, snow and ice removal services, trash
	11039	+	14 removal services, mowing and lawn care services, pest
	11040	+	15 control services, and any other routine services normally
	11041	+	16 required in the maintenance or upkeep of charter school
	11042	+	17 facilities.
	11043	+	18 (viii) Repair, replacement, or site acquisition that is
	11044	+	19 necessitated by an emergency.
	11045	+	20 (ix) Construction, repair, replacement, remodeling, or
	11046	+	21 maintenance of a school sports facility.
	11047	+	22 (x) Utilities.
	11048	+	23 (xi) Property and casualty insurance.
	11049	+	24 (xii) Purchase, lease, upgrade, maintenance, or repair
	11050	+	25 technology that will not be allocated to student instruction
	11051	+	26 and learning, to include computer hardware, computer
	11052	+	27 software, wiring and computer networks, and
	11053	+	28 communication access systems used to connect with
	11054	+	29 computer networks or electronic gateways; services of
	11055	+	30 full-time or part-time computer maintenance employees;
	11056	+	31 conducting nonrecurring inservice technology training of
	11057	+	32 school employees; implementing the technology preparation
	11058	+	33 curriculum; participating in a program to provide
	11059	+	34 educational technologies, including computers in the homes
	11060	+	35 of students (commonly referred to as "the buddy system
	11061	+	36 project") under IC 20-20-13-6, the 4R's technology program,
	11062	+	37 or any other program under the educational technology
	11063	+	38 program described in IC 20-20-13; and obtaining any
	11064	+	39 combination of equipment or services in the preceding two
	11065	+	40 (2) categories of this item.
	11066	+	41 (xiii) Services of charter school employees who perform
	11067	+	42 services considered to be a skilled trade by the United States
	11068	+	ES 1—LS 7244/DI 120 255
	11069	+	1 Department of Labor, Employment and Training
	11070	+	2 Administration. For purposes of this item, skilled trade
	11071	+	3 services do not include janitorial or comparable routine
	11072	+	4 services normally provided in the daily operation of school
	11073	+	5 facilities or equipment. Payment may be made for employee
	11074	+	6 services only if the employees perform construction of,
	11075	+	7 renovation of, remodeling of, repair of, or maintenance on
	11076	+	8 the facilities and equipment of the charter school.
	11077	+	9 (2) Pay transportation costs under the following conditions:
	11078	+	10 (A) A charter school shall use the operations fund to pay the
	11079	+	11 transportation costs attributable to transportation of school
	11080	+	12 children as specified in clause (B).
	11081	+	13 (B) Only the following costs are payable from the fund:
	11082	+	14 (i) Salaries paid to bus drivers, transportation supervisors,
	11083	+	15 mechanics and garage employees, clerks, and other
	11084	+	16 transportation related employees.
	11085	+	17 (ii) Contracted transportation services.
	11086	+	18 (iii) Wages of independent contractors.
	11087	+	19 (iv) Contracts with common carriers.
	11088	+	20 (v) Student fares.
	11089	+	21 (vi) Transportation related insurance.
	11090	+	22 (vii) Other expenses of operating the school corporation's
	11091	+	23 transportation service, including gasoline, lubricants, tires,
	11092	+	24 repairs, contracted repairs, parts, supplies, equipment, and
	11093	+	25 other related expenses.
	11094	+	26 (C) Percentages or parts of salaries of teaching personnel or
	11095	+	27 principals are not attributable to transportation. However, parts
	11096	+	28 of salaries of instructional aides who are assigned to assist
	11097	+	29 with the school transportation program are attributable to
	11098	+	30 transportation. The costs described in this clause (other than
	11099	+	31 instructional aide costs) may not be budgeted for payment or
	11100	+	32 paid from the fund.
	11101	+	33 (D) Costs for a calendar year are those costs attributable to
	11102	+	34 transportation for students during the school year ending in the
	11103	+	35 calendar year.
	11104	+	36 (3) Carry out a school bus replacement plan approved by the
	11105	+	37 charter school board under the following conditions:
	11106	+	38 (A) Before a charter school may use money in the operations
	11107	+	39 fund for replacing school buses, a resolution approving the
	11108	+	40 school bus replacement plan or amended plan must be
	11109	+	41 submitted to the department of local government finance.
	11110	+	42 (B) The department of local government finance shall
	11111	+	ES 1—LS 7244/DI 120 256
	11112	+	1 prescribe the format of the plan. A plan must apply to at least
	11113	+	2 the five (5) budget years immediately following the year the
	11114	+	3 plan is adopted and include at least an estimate for each year
	11115	+	4 to which it applies of the nature and amount of proposed
	11116	+	5 expenditures from the fund, and if the school corporation is
	11117	+	6 seeking to acquire or contract for transportation services that
	11118	+	7 will provide additional school buses or school buses with a
	11119	+	8 larger seating capacity as compared with the number and type
	11120	+	9 of school buses from the prior school year, evidence of a
	11121	+	10 demand for increased transportation services within the school
	11122	+	11 corporation. However, the evidence requirement regarding a
	11123	+	12 contract for transportation services does not apply if contracted
	11124	+	13 transportation services are not paid from the fund.
	11125	+	14 (C) If the charter school is seeking to require a contractor to
	11126	+	15 replace a school bus, evidence that the need exists for the
	11127	+	16 replacement of the school bus. This clause does not apply if
	11128	+	17 contracted transportation services are not paid from the
	11129	+	18 operations fund.
	11130	+	19 (D) Evidence that the charter school that seeks to acquire
	11131	+	20 additional school buses under this subdivision is acquiring or
	11132	+	21 contracting for the school buses only for the purposes
	11133	+	22 specified in clause (B) or for replacement purposes.
	11134	+	23 (E) If a charter school wants to use money in the operations
	11135	+	24 fund during the year to pay for school bus replacement, the
	11136	+	25 governing body must adopt a resolution approving the bus
	11137	+	26 replacement plan or amended plan. The charter school shall
	11138	+	27 post the proposed plan or proposed amended plan on the
	11139	+	28 charter school's website before the hearing. The governing
	11140	+	29 body must hold a hearing on the adoption of the plan. The
	11141	+	30 charter school shall submit the proposed school bus
	11142	+	31 replacement plan or amended plan to the department of local
	11143	+	32 government finance's computer gateway at least ten (10) days
	11144	+	33 before the hearing on the adoption of the plan. The department
	11145	+	34 of local government finance shall make the proposed plan
	11146	+	35 available to taxpayers, at least ten (10) days before the hearing,
	11147	+	36 through the department's computer gateway. If an amendment
	11148	+	37 to a bus replacement plan is being proposed, the charter school
	11149	+	38 must declare the nature of and the need for the amendment in
	11150	+	39 the resolution to adopt the amendment to the plan.
	11151	+	40 (4) Pay expenses that are allocated to overhead and operational
	11152	+	41 expenditures.
	11153	+	42 (5) Establish, maintain, and equip a public playground.
	11154	+	ES 1—LS 7244/DI 120 257
	11155	+	1 SECTION 215. IC 20-46-1-8, AS AMENDED BY P.L.162-2024,
	11156	+	2 SECTION 25, AND AS AMENDED BY P.L.36-2024, SECTION 10,
	11157	+	3 AND AS AMENDED BY P.L.104-2024, SECTION 51, AND AS
	11158	+	4 AMENDED BY THE TECHNICAL CORRECTIONS BILL OF THE
	11159	+	5 2025 GENERAL ASSEMBLY, IS CORRECTED AND AMENDED
	11160	+	6 TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2025]: Sec. 8. (a)
	11161	+	7 Subject to subsections (e), (f), and (g) (b), (e), and (f) and this chapter,
	11162	+	8 the governing body of a school corporation may adopt a resolution to
	11163	+	9 place a referendum under this chapter on the ballot for any of the
	11164	+	10 following purposes:
	11165	+	11 (1) The governing body of the school corporation determines that
	11166	+	12 it cannot, in a calendar year, carry out its public educational duty
	11167	+	13 unless it imposes a referendum tax levy under this chapter.
	11168	+	14 (2) The governing body of the school corporation determines that
	11169	+	15 a referendum tax levy under this chapter should be imposed to
	11170	+	16 replace property tax revenue that the school corporation will not
	11171	+	17 receive because of the application of the credit under
	11172	+	18 IC 6-1.1-20.6.
	11173	+	19 (3) Except for resolutions described in subsection (b), the
	11174	+	20 governing body makes the determination required under
	11175	+	21 subdivision (1) or (2) and determines to share a portion of the
	11176	+	22 referendum proceeds with a charter school, excluding a virtual
	11177	+	23 charter school, in the manner prescribed in subsection (e).
	11178	+	24 (b) A resolution for a referendum for a county described in:
	11179	+	25 (1) section 21 of this chapter; that is adopted after May 10, 2023,
	11180	+	26 or
	11181	+	27 (2) section 22 of this chapter;
	11182	+	28 shall specify that a portion of the proceeds collected from the proposed
	11183	+	29 levy will be distributed to applicable charter schools in the manner
	11184	+	30 described under section 21 of this chapter.
	11185	+	31 (c) The governing body of the school corporation shall certify a
	11186	+	32 copy of the resolution to place a referendum on the ballot to the
	11187	+	33 following:
	11188	+	34 (1) The department of local government finance, including:
	11189	+	35 (A) the language for the question required by section 10 of this
	11190	+	36 chapter, or in the case of a resolution to extend a referendum
	11191	+	37 levy certified to the department of local government finance
	11192	+	38 after March 15, 2016, section 10.1 of this chapter; and
	11193	+	39 (B) a copy of the revenue spending plan adopted under
	11194	+	40 subsection (g). (f).
	11195	+	41 The language of the public question must include the estimated
	11196	+	42 average percentage increases certified by the county auditor under
	11197	+	ES 1—LS 7244/DI 120 258
	11198	+	1 section 10(e) or 10.1(f) of this chapter, as applicable. The
	11199	+	2 governing body of the school corporation shall also provide the
	11200	+	3 county auditor's certification described in section 10(e) or 10.1(f)
	11201	+	4 of this chapter, as applicable. The department of local government
	11202	+	5 finance shall post the values certified by the county auditor to the
	11203	+	6 department's website. The department shall review the language
	11204	+	7 for compliance with section 10 or 10.1 of this chapter, whichever
	11205	+	8 is applicable, and either approve or reject the language. The
	11206	+	9 department shall send its decision to the governing body of the
	11207	+	10 school corporation not more than ten (10) days after both the
	11208	+	11 certification of the county auditor described in section 10(e) or
	11209	+	12 10.1(f) of this chapter, as applicable, and the resolution is are
	11210	+	13 submitted to the department. If the language is approved, the
	11211	+	14 governing body of the school corporation shall certify a copy of
	11212	+	15 the resolution, including the language for the question and the
	11213	+	16 department's approval.
	11214	+	17 (2) The county fiscal body of each county in which the school
	11215	+	18 corporation is located (for informational purposes only).
	11216	+	19 (3) The circuit court clerk of each county in which the school
	11217	+	20 corporation is located.
	11218	+	21 (d) If a school safety referendum tax levy under IC 20-46-9 has been
	11219	+	22 approved by the voters in a school corporation at any time in the
	11220	+	23 previous three (3) years, the school corporation may not:
	11221	+	24 (1) adopt a resolution to place a referendum under this chapter on
	11222	+	25 the ballot; or
	11223	+	26 (2) otherwise place a referendum under this chapter on the ballot.
	11224	+	27 (e) Except as provided in section 21 of this chapter, the resolution
	11225	+	28 described in subsection (a) must indicate whether proceeds in the
	11226	+	29 school corporation's education fund collected from a tax levy under this
	11227	+	30 chapter will be used to provide a distribution to a charter school or
	11228	+	31 charter schools, excluding a virtual charter school, under IC 20-40-3-5
	11229	+	32 as well as the amount that will be distributed to the particular charter
	11230	+	33 school or charter schools. A school corporation may request from the
	11231	+	34 designated charter school or charter schools any financial
	11232	+	35 documentation necessary to demonstrate the financial need of the
	11233	+	36 charter school or charter schools. Distribution to a charter school of
	11234	+	37 proceeds from a referendum held before May 10, 2023, does not
	11235	+	38 provide exemption from this chapter.
	11236	+	39 (f) This subsection applies to a resolution described in subsection
	11237	+	40 (a) for a county described in section 21(a) of this chapter that is
	11238	+	41 adopted after May 10, 2023. The resolution described in subsection (a)
	11239	+	42 shall include a projection of the amount that the school corporation
	11240	+	ES 1—LS 7244/DI 120 259
	11241	+	1 expects to be distributed to a particular charter school, excluding
	11242	+	2 virtual charter schools or adult high schools, under section 21 of this
	11243	+	3 chapter if the charter school voluntarily elects to participate in the
	11244	+	4 referendum in the manner described in subsection (i). At least sixty
	11245	+	5 (60) days before the resolution described in subsection (a) is voted on
	11246	+	6 by the governing body, the school corporation shall contact the
	11247	+	7 department to determine the number of students in kindergarten
	11248	+	8 through grade 12 who have legal settlement in the school corporation
	11249	+	9 but attend a charter school, excluding virtual charter schools or adult
	11250	+	10 high schools, and who receive not more than fifty percent (50%) virtual
	11251	+	11 instruction. The department shall provide the school corporation with
	11252	+	12 the number of students with legal settlement in the school corporation
	11253	+	13 who attend a charter school, and who receive not more than fifty
	11254	+	14 percent (50%) virtual instruction, which shall be disaggregated for each
	11255	+	15 particular charter school, excluding a virtual charter school or adult
	11256	+	16 high school. The projection may include an expected increase in
	11257	+	17 charter schools during the term the levy is imposed under this chapter.
	11258	+	18 The department of local government finance shall prescribe the manner
	11259	+	19 in which the projection shall be calculated. The governing body shall
	11260	+	20 take into consideration the projection when adopting the revenue
	11261	+	21 spending plan under subsection (g).
	11262	+	22 (e) This subsection applies to a resolution described in section 21
	11263	+	23 or 22 of this chapter. Not later than sixty (60) days before the
	11264	+	24 resolution is voted on by the governing body, the school
	11265	+	25 corporation shall contact the department to determine the
	11266	+	26 following:
	11267	+	27 (1) In the case of a resolution described in section 22 of this
	11268	+	28 chapter, whether the school corporation is exempt from
	11269	+	29 revenue sharing requirements under section 22(a)(2) of this
	11270	+	30 chapter. If the school corporation is determined to be exempt,
	11271	+	31 the department shall notify the school corporation, and the
	11272	+	32 school corporation is not required to contact charter schools
	11273	+	33 concerning participation under subsection (h), shall exclude
	11274	+	34 distributions to charter schools under section 22 of this
	11275	+	35 chapter, and shall exclude charter schools from the projection
	11276	+	36 described in this subsection.
	11277	+	37 (2) If the school corporation is not determined to be exempt
	11278	+	38 from revenue sharing requirements under subdivision (1), the
	11279	+	39 number of students in kindergarten through grade 12 who:
	11280	+	40 (A) have legal settlement in the school corporation but
	11281	+	41 attend a charter school, excluding virtual charter schools
	11282	+	42 or adult high schools; and
	11283	+	ES 1—LS 7244/DI 120 260
	11284	+	1 (B) receive not more than fifty percent (50%) virtual
	11285	+	2 instruction.
	11286	+	3 Not later than ten (10) days after receiving the request, the
	11287	+	4 department shall provide the school corporation with the requested
	11288	+	5 information, which shall be disaggregated for each particular
	11289	+	6 charter school. Subject to subsection (h), the resolution shall
	11290	+	7 include a projection of the amount that the school corporation
	11291	+	8 expects, based on the information provided by the department
	11292	+	9 under this subsection, to be distributed to a particular charter
	11293	+	10 school under section 21 or 22 of this chapter.
	11294	+	11 (g) (f) As part of the resolution described in subsection (a), the
	11295	+	12 governing body of the school corporation shall adopt a revenue
	11296	+	13 spending plan for the proposed referendum tax levy that includes:
	11297	+	14 (1) an estimate of the amount of annual revenue expected to be
	11298	+	15 collected if a levy is imposed under this chapter;
	11299	+	16 (2) the specific purposes for which the revenue collected from a
	11300	+	17 levy imposed under this chapter will be used;
	11301	+	18 (3) an estimate of the annual dollar amounts that will be expended
	11302	+	19 for each purpose described in subdivision (2); and
	11303	+	20 (4) for a resolution for a referendum that is adopted after May 10,
	11304	+	21 2023, for a county described in section 21(a) section 21 or 22 of
	11305	+	22 this chapter, the projected revenue that shall be distributed to
	11306	+	23 charter schools. as provided in subsections (f) and (i). The
	11307	+	24 revenue spending plan shall also take into consideration
	11308	+	25 deviations in the proposed revenue spending plan if the actual
	11309	+	26 charter school distributions exceed or are lower than the projected
	11310	+	27 charter school distributions described in subsection (f). (e). The
	11311	+	28 resolution shall include for each charter school that elects to
	11312	+	29 participate under subsection (i) (h) information described in
	11313	+	30 subdivisions (1) through (3).
	11314	+	31 (h) (g) A school corporation shall specify in its proposed budget the
	11315	+	32 school corporation's revenue spending plan adopted under subsection
	11316	+	33 (g) (f) and annually present the revenue spending plan at its public
	11317	+	34 hearing on the proposed budget under IC 6-1.1-17-3.
	11318	+	35 (i) This subsection applies to a resolution described in subsection
	11319	+	36 (a) for a county described in section 21(a) of this chapter that is
	11320	+	37 adopted after May 10, 2023. At least forty-five (45) days before the
	11321	+	38 resolution described in subsection (a) is voted on by the governing
	11322	+	39 body, the school corporation shall contact each charter school,
	11323	+	40 excluding virtual charter schools or adult high schools, disclosed by the
	11324	+	41 department to the school corporation under subsection (f) to determine
	11325	+	42 whether the charter school will participate in the referendum. The
	11326	+	ES 1—LS 7244/DI 120 261
	11327	+	1 notice must include the total amount of the school corporation's
	11328	+	2 expected need, the corresponding estimate for that amount divided by
	11329	+	3 the number of students enrolled in the school corporation, and the date
	11330	+	4 on which the governing body of the school corporation will vote on the
	11331	+	5 resolution. The charter school must respond in writing to the school
	11332	+	6 corporation, which may be by electronic mail addressed to the
	11333	+	7 superintendent of the school corporation, at least fifteen (15) days
	11334	+	8 prior to the date that the resolution described in subsection (a) is to be
	11335	+	9 voted on by the governing body. If the charter school elects to not
	11336	+	10 participate in the referendum, the school corporation may exclude
	11337	+	11 distributions to the charter school under section 21 of this chapter and
	11338	+	12 from the projection described in subsection (f). If the charter school
	11339	+	13 elects to participate in the referendum, the charter school may receive
	11340	+	14 distributions under section 21 of this chapter and must be included in
	11341	+	15 the projection described in subsection (f). In addition, a charter school
	11342	+	16 that elects to participate in the referendum under this subsection shall
	11343	+	17 contribute a proportionate share of the cost to conduct the referendum
	11344	+	18 based on the total combined ADM of the school corporation and any
	11345	+	19 participating charter schools.
	11346	+	20 (h) This subsection applies to a resolution described in section
	11347	+	21 21 or 22 of this chapter. Except as provided in subsection (e), not
	11348	+	22 later than forty-five (45) days before the resolution is voted on by
	11349	+	23 the governing body, the school corporation shall contact each
	11350	+	24 charter school disclosed by the department to the school
	11351	+	25 corporation under subsection (e) to determine whether the charter
	11352	+	26 school will:
	11353	+	27 (1) in the case of a resolution described in section 21 of this
	11354	+	28 chapter, elect to participate; or
	11355	+	29 (2) in the case of a resolution described in section 22 of this
	11356	+	30 chapter, elect to not participate;
	11357	+	31 in the referendum. The notice must include the total amount of the
	11358	+	32 school corporation's expected need, the corresponding estimate for
	11359	+	33 that amount divided by the number of students enrolled in the
	11360	+	34 school corporation, and the date on which the governing body of
	11361	+	35 the school corporation will vote on the resolution. Not later than
	11362	+	36 thirty (30) days prior to the date that the resolution is to be voted
	11363	+	37 on by the governing body, the charter school must respond in
	11364	+	38 writing to the school corporation and to the department, which
	11365	+	39 may be by electronic mail, and, in the case of the school
	11366	+	40 corporation, addressed to the superintendent of the school
	11367	+	41 corporation. A charter school that elects to not participate in the
	11368	+	42 referendum may not subsequently change that election during the
	11369	+	ES 1—LS 7244/DI 120 262
	11370	+	1 term of the referendum.
	11371	+	2 (i) If a charter school will not participate in the referendum, the
	11372	+	3 school corporation shall exclude distributions to the charter school
	11373	+	4 under this chapter and from the projection described in subsection
	11374	+	5 (e). If a charter school will participate in the referendum, the
	11375	+	6 charter school:
	11376	+	7 (1) must be included in the projection described in subsection
	11377	+	8 (e); and
	11378	+	9 (2) shall contribute a proportionate share of the cost to
	11379	+	10 conduct the referendum based on the total combined ADM of
	11380	+	11 the school corporation and any participating charter schools.
	11381	+	12 (j) This subsection applies to a resolution described in subsection
	11382	+	13 (a) for a county described in section 21(a) section 21 or 22 of this
	11383	+	14 chapter. that is adopted after May 10, 2023. At least thirty (30) days
	11384	+	15 before the resolution described in subsection (a) referendum submitted
	11385	+	16 to the voters under this chapter is voted on by the governing body,
	11386	+	17 public in a primary or general election, the school corporation that is
	11387	+	18 pursuing the resolution referendum and any charter school that has
	11388	+	19 elected to will participate under subsection (i) (h) shall post a
	11389	+	20 referendum disclosure statement on each school's respective website
	11390	+	21 that contains the following information:
	11391	+	22 (1) The salaries of all employees employed by position within the
	11392	+	23 school corporation or charter school listed from highest salary to
	11393	+	24 lowest salary and a link to Gateway Indiana for access to
	11394	+	25 individual salaries.
	11395	+	26 (2) An acknowledgment that the school corporation or charter
	11396	+	27 school is not committing any crime described in IC 35-44.1-1.
	11397	+	28 (3) A link to the school corporation's or charter school's most
	11398	+	29 recent state board of accounts audit on the state board of accounts'
	11399	+	30 website.
	11400	+	31 (4) The current enrollment of the school corporation or charter
	11401	+	32 school disaggregated by student group and race.
	11402	+	33 (5) The school corporation's or charter school's high school
	11403	+	34 graduation rate.
	11404	+	35 (6) The school corporation's or charter school's annual retention
	11405	+	36 rate for teachers for the previous five (5) years.
	11406	+	37 (k) Not later than July 15, 2025, the department of education
	11407	+	38 shall prescribe the manner in which a projection described in
	11408	+	39 subsection (e) shall be calculated.
	11409	+	40 (l) A charter school that begins operations after a resolution
	11410	+	41 under this section or section 8.5 of this chapter is voted on by the
	11411	+	42 governing body for a particular referendum may not receive an
	11412	+	ES 1—LS 7244/DI 120 263
	11413	+	1 option to elect to participate in that referendum during the term of
	11414	+	2 that referendum.
	11415	+	3 SECTION 216. IC 20-46-1-8.5, AS AMENDED BY P.L.189-2023,
	11416	+	4 SECTION 31, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	11417	+	5 JULY 1, 2025]: Sec. 8.5. (a) A resolution to extend a referendum levy
	11418	+	6 must be:
	11419	+	7 (1) adopted by the governing body of a school corporation; and
	11420	+	8 (2) approved in a referendum under this chapter;
	11421	+	9 before December 31 of the final calendar year in which the school
	11422	+	10 corporation's previously approved referendum levy is imposed under
	11423	+	11 this chapter.
	11424	+	12 (b) For a resolution described in section 21 or 22 of this chapter
	11425	+	13 that is adopted under this section, after May 10, 2023, for a county
	11426	+	14 described in section 21(a) of this chapter, the resolution must include
	11427	+	15 the projected charter school distributions described in section 8(f) 8(e)
	11428	+	16 of this chapter and indicate the distributions to applicable charter
	11429	+	17 schools in accordance with section 21 of this chapter.
	11430	+	18 SECTION 217. IC 20-46-1-10, AS AMENDED BY P.L.189-2023,
	11431	+	19 SECTION 32, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	11432	+	20 JULY 1, 2025]: Sec. 10. (a) This section does not apply to a
	11433	+	21 referendum on a resolution certified to the department of local
	11434	+	22 government finance after March 15, 2016, to extend a referendum levy.
	11435	+	23 (b) The question to be submitted to the voters in the referendum
	11436	+	24 must read as follows:
	11437	+	25 "Shall the school corporation increase property taxes paid to
	11438	+	26 schools by homeowners and businesses for _____ (insert number
	11439	+	27 of years) years immediately following the holding of the
	11440	+	28 referendum for the purpose of funding ______ (insert short
	11441	+	29 description of purposes)? If this public question is approved by
	11442	+	30 the voters, the average property tax paid to schools per year on a
	11443	+	31 residence would increase by ______% (insert the estimated
	11444	+	32 average percentage of property tax increase paid to schools on a
	11445	+	33 residence within the school corporation as determined under
	11446	+	34 subsection (c)) and the average property tax paid to schools per
	11447	+	35 year on a business property would increase by ______% (insert
	11448	+	36 the estimated average percentage of property tax increase paid to
	11449	+	37 schools on a business property within the school corporation as
	11450	+	38 determined under subsection (d)). The most recent property tax
	11451	+	39 referendum proposed by the school corporation was held in
	11452	+	40 ______ (insert year) and ________ (insert whether the measure
	11453	+	41 passed or failed).".
	11454	+	42 "Shall ________ (insert the name of the school corporation)
	11455	+	ES 1—LS 7244/DI 120 264
	11456	+	1 increase property taxes paid to the school corporation for no
	11457	+	2 more than ______ (insert the number of years immediately
	11458	+	3 following the holding of the referendum) years for the
	11459	+	4 purpose of funding _______ (insert a brief description of the
	11460	+	5 purposes) by imposing a property tax rate that does not
	11461	+	6 exceed ______ (insert property tax rate) and results in a
	11462	+	7 maximum annual amount that does not exceed ______ (insert
	11463	+	8 maximum amount of annual levy). If this operating
	11464	+	9 referendum public question is approved by the voters, for a
	11465	+	10 median residence of ______ (insert the school corporation's
	11466	+	11 median household assessed value, rounded up to the next fifty
	11467	+	12 thousand dollars ($50,000)), the property's annual property
	11468	+	13 tax bill would increase by ______ (insert dollar amount,
	11469	+	14 rounded up to the next whole dollar) per year. (If, in the
	11470	+	15 previous five (5) years, the school corporation has conducted
	11471	+	16 an operating referendum public question, the following shall
	11472	+	17 also be included in the ballot language.) The most recent
	11473	+	18 operating referendum public question proposed by the school
	11474	+	19 corporation was held in ______ (insert year) and ______
	11475	+	20 (insert whether the measure passed or failed).".
	11476	+	21 (c) At the request of the governing body of a school corporation that
	11477	+	22 proposes to impose property taxes under this chapter, the county
	11478	+	23 auditor of the county in which the school corporation is located shall
	11479	+	24 determine the estimated average percentage of property tax increase on
	11480	+	25 a homestead to be paid to schools that must be included in the public
	11481	+	26 question under subsection (b) as follows:
	11482	+	27 STEP ONE: Determine the average assessed value of a homestead
	11483	+	28 located within the school corporation.
	11484	+	29 STEP TWO: For purposes of determining the net assessed value
	11485	+	30 of the average homestead located within the school corporation,
	11486	+	31 subtract:
	11487	+	32 (A) an amount for the homestead standard deduction under
	11488	+	33 IC 6-1.1-12-37 as if the homestead described in STEP ONE
	11489	+	34 was eligible for the deduction; and
	11490	+	35 (B) an amount for the supplemental homestead deduction
	11491	+	36 under IC 6-1.1-12-37.5 as if the homestead described in STEP
	11492	+	37 ONE was eligible for the deduction;
	11493	+	38 from the result of STEP ONE.
	11494	+	39 STEP THREE: Divide the result of STEP TWO by one hundred
	11495	+	40 (100).
	11496	+	41 STEP FOUR: Determine the overall average tax rate per one
	11497	+	42 hundred dollars ($100) of assessed valuation for the current year
	11498	+	ES 1—LS 7244/DI 120 265
	11499	+	1 imposed on property located within the school corporation.
	11500	+	2 STEP FIVE: For purposes of determining net property tax liability
	11501	+	3 of the average homestead located within the school corporation:
	11502	+	4 (A) multiply the result of STEP THREE by the result of STEP
	11503	+	5 FOUR; and
	11504	+	6 (B) as appropriate, apply any currently applicable county
	11505	+	7 property tax credit rates and the credit for excessive property
	11506	+	8 taxes under IC 6-1.1-20.6-7.5(a)(1).
	11507	+	9 STEP SIX: Determine the amount of the school corporation's part
	11508	+	10 of the result determined in STEP FIVE.
	11509	+	11 STEP SEVEN: Multiply:
	11510	+	12 (A) the tax rate that will be imposed if the public question is
	11511	+	13 approved by the voters; by
	11512	+	14 (B) the result of STEP THREE.
	11513	+	15 STEP EIGHT: Divide the result of STEP SEVEN by the result of
	11514	+	16 STEP SIX, expressed as a percentage.
	11515	+	17 (d) At the request of the governing body of a school corporation that
	11516	+	18 proposes to impose property taxes under this chapter, the county
	11517	+	19 auditor of the county in which the school corporation is located shall
	11518	+	20 determine the estimated average percentage of property tax increase on
	11519	+	21 a business property to be paid to schools that must be included in the
	11520	+	22 public question under subsection (b) as follows:
	11521	+	23 STEP ONE: Determine the average assessed value of business
	11522	+	24 property located within the school corporation.
	11523	+	25 STEP TWO: Divide the result of STEP ONE by one hundred
	11524	+	26 (100).
	11525	+	27 STEP THREE: Determine the overall average tax rate per one
	11526	+	28 hundred dollars ($100) of assessed valuation for the current year
	11527	+	29 imposed on property located within the school corporation.
	11528	+	30 STEP FOUR: For purposes of determining net property tax
	11529	+	31 liability of the average business property located within the school
	11530	+	32 corporation:
	11531	+	33 (A) multiply the result of STEP TWO by the result of STEP
	11532	+	34 THREE; and
	11533	+	35 (B) as appropriate, apply any currently applicable county
	11534	+	36 property tax credit rates and the credit for excessive property
	11535	+	37 taxes under IC 6-1.1-20.6-7.5 as if the applicable percentage
	11536	+	38 was three percent (3%).
	11537	+	39 STEP FIVE: Determine the amount of the school corporation's
	11538	+	40 part of the result determined in STEP FOUR.
	11539	+	41 STEP SIX: Multiply:
	11540	+	42 (A) the result of STEP TWO; by
	11541	+	ES 1—LS 7244/DI 120 266
	11542	+	1 (B) the tax rate that will be imposed if the public question is
	11543	+	2 approved by the voters.
	11544	+	3 STEP SEVEN: Divide the result of STEP SIX by the result of
	11545	+	4 STEP FIVE, expressed as a percentage.
	11546	+	5 (e) The county auditor shall certify the estimated average percentage
	11547	+	6 of property tax increase on a homestead to be paid to schools
	11548	+	7 determined under subsection (c), and the estimated average percentage
	11549	+	8 of property tax increase on a business property to be paid to schools
	11550	+	9 determined under subsection (d), in a manner prescribed by the
	11551	+	10 department of local government finance, and provide the certification
	11552	+	11 to the governing body of the school corporation that proposes to impose
	11553	+	12 property taxes.
	11554	+	13 SECTION 218. IC 20-46-1-10.1, AS AMENDED BY P.L.236-2023,
	11555	+	14 SECTION 154, IS AMENDED TO READ AS FOLLOWS
	11556	+	15 [EFFECTIVE JULY 1, 2025]: Sec. 10.1. (a) This section applies only
	11557	+	16 to a referendum to allow a school corporation to extend a referendum
	11558	+	17 levy.
	11559	+	18 (b) The question to be submitted to the voters in the referendum
	11560	+	19 must read as follows:
	11561	+	20 "Shall the school corporation continue to impose increased
	11562	+	21 property taxes paid to the school corporation by homeowners and
	11563	+	22 businesses for _____ (insert number of years) years immediately
	11564	+	23 following the holding of the referendum for the purpose of
	11565	+	24 funding ______ (insert short description of purposes)? The
	11566	+	25 property tax increase requested in this referendum was originally
	11567	+	26 approved by the voters in _______ (insert the year in which the
	11568	+	27 referendum tax levy was approved) and if extended will increase
	11569	+	28 the average property tax paid to the school corporation per year on
	11570	+	29 a residence within the school corporation by ______% (insert the
	11571	+	30 estimated average percentage of property tax increase on a
	11572	+	31 residence within the school corporation) and if extended will
	11573	+	32 increase the average property tax paid to the school corporation
	11574	+	33 per year on a business property within the school corporation by
	11575	+	34 ______% (insert the estimated average percentage of property tax
	11576	+	35 increase on a business within the school corporation).".
	11577	+	36 "Shall _______ (insert the name of the school corporation)
	11578	+	37 continue to increase property taxes paid to the school
	11579	+	38 corporation for no more than _____ (insert the number of
	11580	+	39 years immediately following the holding of the referendum)
	11581	+	40 years for the purpose of funding _____________ (insert brief
	11582	+	41 description of the purposes) by imposing a property tax rate
	11583	+	42 that does not exceed ______ (insert property tax rate) and
	11584	+	ES 1—LS 7244/DI 120 267
	11585	+	1 results in a maximum annual amount that does not exceed
	11586	+	2 ______ (insert maximum amount of annual levy). If this
	11587	+	3 operating referendum public question is NOT approved by
	11588	+	4 the voters, for a median residence of __________ (insert the
	11589	+	5 school corporation's median household assessed value,
	11590	+	6 rounded up to the next fifty thousand dollars ($50,000)), the
	11591	+	7 property's annual tax bill would decrease by ______ (insert
	11592	+	8 dollar amount, rounded up to the next whole dollar) per year.
	11593	+	9 If this operating referendum public question is approved by
	11594	+	10 the voters, it would be a renewal of the most recent operating
	11595	+	11 referendum public question passed in ______ (insert year the
	11596	+	12 original operating referendum public question passed) with a
	11597	+	13 property tax rate of ______ (insert property tax rate of the
	11598	+	14 original operating referendum public question).".
	11599	+	15 (c) The number of years for which a referendum tax levy may be
	11600	+	16 extended if the public question under this section is approved may not
	11601	+	17 exceed eight (8) years.
	11602	+	18 (d) At the request of the governing body of a school corporation that
	11603	+	19 proposes to impose property taxes under this chapter, the county
	11604	+	20 auditor of the county in which the school corporation is located shall
	11605	+	21 determine the estimated average percentage of property tax increase on
	11606	+	22 a homestead to be paid to the school corporation that must be included
	11607	+	23 in the public question under subsection (b) as follows:
	11608	+	24 STEP ONE: Determine the average assessed value of a homestead
	11609	+	25 located within the school corporation.
	11610	+	26 STEP TWO: For purposes of determining the net assessed value
	11611	+	27 of the average homestead located within the school corporation,
	11612	+	28 subtract:
	11613	+	29 (A) an amount for the homestead standard deduction under
	11614	+	30 IC 6-1.1-12-37 as if the homestead described in STEP ONE
	11615	+	31 was eligible for the deduction; and
	11616	+	32 (B) an amount for the supplemental homestead deduction
	11617	+	33 under IC 6-1.1-12-37.5 as if the homestead described in STEP
	11618	+	34 ONE was eligible for the deduction;
	11619	+	35 from the result of STEP ONE.
	11620	+	36 STEP THREE: Divide the result of STEP TWO by one hundred
	11621	+	37 (100).
	11622	+	38 STEP FOUR: Determine the overall average tax rate per one
	11623	+	39 hundred dollars ($100) of assessed valuation for the current year
	11624	+	40 imposed on property located within the school corporation.
	11625	+	41 STEP FIVE: For purposes of determining net property tax liability
	11626	+	42 of the average homestead located within the school corporation:
	11627	+	ES 1—LS 7244/DI 120 268
	11628	+	1 (A) multiply the result of STEP THREE by the result of STEP
	11629	+	2 FOUR; and
	11630	+	3 (B) as appropriate, apply any currently applicable county
	11631	+	4 property tax credit rates and the credit for excessive property
	11632	+	5 taxes under IC 6-1.1-20.6-7.5(a)(1).
	11633	+	6 STEP SIX: Determine the amount of the school corporation's part
	11634	+	7 of the result determined in STEP FIVE.
	11635	+	8 STEP SEVEN: Multiply:
	11636	+	9 (A) the tax rate that will be imposed if the public question is
	11637	+	10 approved by the voters; by
	11638	+	11 (B) the result of STEP THREE.
	11639	+	12 STEP EIGHT: Divide the result of STEP SEVEN by the result of
	11640	+	13 STEP SIX, expressed as a percentage.
	11641	+	14 (e) At the request of the governing body of a school corporation that
	11642	+	15 proposes to impose property taxes under this chapter, the county
	11643	+	16 auditor of the county in which the school corporation is located shall
	11644	+	17 determine the estimated average percentage of property tax increase on
	11645	+	18 a business property to be paid to the school corporation that must be
	11646	+	19 included in the public question under subsection (b) as follows:
	11647	+	20 STEP ONE: Determine the average assessed value of business
	11648	+	21 property located within the school corporation.
	11649	+	22 STEP TWO: Divide the result of STEP ONE by one hundred
	11650	+	23 (100).
	11651	+	24 STEP THREE: Determine the overall average tax rate per one
	11652	+	25 hundred dollars ($100) of assessed valuation for the current year
	11653	+	26 imposed on property located within the school corporation.
	11654	+	27 STEP FOUR: For purposes of determining net property tax
	11655	+	28 liability of the average business property located within the school
	11656	+	29 corporation:
	11657	+	30 (A) multiply the result of STEP TWO by the result of STEP
	11658	+	31 THREE; and
	11659	+	32 (B) as appropriate, apply any currently applicable county
	11660	+	33 property tax credit rates and the credit for excessive property
	11661	+	34 taxes under IC 6-1.1-20.6-7.5 as if the applicable percentage
	11662	+	35 was three percent (3%).
	11663	+	36 STEP FIVE: Determine the amount of the school corporation's
	11664	+	37 part of the result determined in STEP FOUR.
	11665	+	38 STEP SIX: Multiply:
	11666	+	39 (A) the result of STEP TWO; by
	11667	+	40 (B) the tax rate that will be imposed if the public question is
	11668	+	41 approved by the voters.
	11669	+	42 STEP SEVEN: Divide the result of STEP SIX by the result of
	11670	+	ES 1—LS 7244/DI 120 269
	11671	+	1 STEP FIVE, expressed as a percentage.
	11672	+	2 (f) The county auditor shall certify the estimated average percentage
	11673	+	3 of property tax increase on a homestead to be paid to the school
	11674	+	4 corporation determined under subsection (d), and the estimated average
	11675	+	5 percentage of property tax increase on a business property to be paid
	11676	+	6 to the school corporation determined under subsection (e), in a manner
	11677	+	7 prescribed by the department of local government finance, and provide
	11678	+	8 the certification to the governing body of the school corporation that
	11679	+	9 proposes to impose property taxes.
	11680	+	10 SECTION 219. IC 20-46-1-10.3 IS ADDED TO THE INDIANA
	11681	+	11 CODE AS A NEW SECTION TO READ AS FOLLOWS
	11682	+	12 [EFFECTIVE JULY 1, 2025]: Sec. 10.3. Each year, the county
	11683	+	13 auditor, with cooperation from the department of local
	11684	+	14 government finance, shall determine the tax rate needed to raise
	11685	+	15 the maximum amount of the annual levy for the year as described
	11686	+	16 under section 10 or 10.1 of this chapter, as applicable, and shall
	11687	+	17 determine all other information needed for the ballot language in
	11688	+	18 those sections.
	11689	+	19 SECTION 220. IC 20-46-1-14, AS AMENDED BY P.L.227-2023,
	11690	+	20 SECTION 135, IS AMENDED TO READ AS FOLLOWS
	11691	+	21 [EFFECTIVE JULY 1, 2025]: Sec. 14. (a) The referendum shall be
	11692	+	22 held in the next primary election general election, or municipal election
	11693	+	23 as provided under IC 3-10-9-3(b), in which all the registered voters
	11694	+	24 who are residents of the appellant school corporation are entitled to
	11695	+	25 vote after certification of the question. under IC 3-10-9-3. The
	11696	+	26 certification of the question must occur not later than noon
	11697	+	27 (1) seventy-four (74) days before a primary election if the
	11698	+	28 question is to be placed on the primary or municipal primary
	11699	+	29 election ballot; or
	11700	+	30 (2) August 1. if the question is to be placed on the general or
	11701	+	31 municipal election ballot.
	11702	+	32 (b) However, if a primary election, general election, or municipal
	11703	+	33 election will not be held during the first year in which the public
	11704	+	34 question is eligible to be placed on the ballot under this chapter and if
	11705	+	35 the appellant school corporation requests the public question to be
	11706	+	36 placed on the ballot at a special election, the public question shall be
	11707	+	37 placed on the ballot at a special election to be held on the first Tuesday
	11708	+	38 after the first Monday in May or November of the year. The
	11709	+	39 certification must occur not later than noon:
	11710	+	40 (1) seventy-four (74) days before a special election to be held in
	11711	+	41 May (if the special election is to be held in May); or
	11712	+	42 (2) on August 1 (if the special election is to be held in
	11713	+	ES 1—LS 7244/DI 120 270
	11714	+	1 November).
	11715	+	2 (c) If the referendum is not conducted at a primary election, general
	11716	+	3 election, or municipal election, the appellant school corporation in
	11717	+	4 which the referendum is to be held shall pay all the costs of holding the
	11718	+	5 referendum.
	11719	+	6 SECTION 221. IC 20-46-1-21, AS ADDED BY P.L.189-2023,
	11720	+	7 SECTION 34, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	11721	+	8 JANUARY 1, 2025 (RETROACTIVE)]: Sec. 21. (a) This section:
	11722	+	9 (1) except as provided in subdivision (2), applies to revenue
	11723	+	10 received from a resolution that is approved by the governing body
	11724	+	11 to impose a referendum levy under section 8 or 8.5 of this chapter
	11725	+	12 after May 10, 2023, for a school corporation located in:
	11726	+	13 (1) (A) Lake County;
	11727	+	14 (2) (B) Marion County;
	11728	+	15 (3) (C) St. Joseph County; or
	11729	+	16 (4) (D) Vanderburgh County;
	11730	+	17 through the full term of the referendum levy; and
	11731	+	18 (2) does not apply to revenue received from a referendum levy
	11732	+	19 if:
	11733	+	20 (A) the governing body of the school corporation approves
	11734	+	21 the referendum levy in a resolution adopted under section
	11735	+	22 8 or 8.5 of this chapter; and
	11736	+	23 (B) the referendum levy is imposed for the first time with
	11737	+	24 property taxes first due and payable in a calendar year
	11738	+	25 beginning after December 31, 2027.
	11739	+	26 (b) Subject to subsections (f) and (h), the county auditor in the
	11740	+	27 county in which the school corporation is located shall distribute an
	11741	+	28 amount of revenue as provided under subsection (d) (e) from the
	11742	+	29 revenue collected from a tax levy imposed under this chapter by a
	11743	+	30 school corporation that is attributable to the territory of the school
	11744	+	31 corporation that is located within the boundaries of a county listed
	11745	+	32 in subsection (a)(1) to each charter school, excluding virtual charter
	11746	+	33 schools or adult high schools, that a student who resides within the
	11747	+	34 attendance area of the school corporation attends if the charter school
	11748	+	35 elects to participate in the referendum under section 8(i) 8(h) of this
	11749	+	36 chapter.
	11750	+	37 (c) The department shall provide the county auditor with data and
	11751	+	38 information necessary for the county auditor to determine:
	11752	+	39 (1) which charter schools are eligible to receive a distribution
	11753	+	40 under this section; and
	11754	+	41 (2) the number of students who:
	11755	+	42 (A) reside within the attendance area of the school corporation
	11756	+	ES 1—LS 7244/DI 120 271
	11757	+	1 who are included in the ADM for each charter school,
	11758	+	2 excluding virtual charter schools or adult high schools,
	11759	+	3 described in subdivision (1); and
	11760	+	4 (B) receive not more than fifty percent (50%) virtual
	11761	+	5 instruction.
	11762	+	6 (c) (d) The following schools are not eligible to receive a
	11763	+	7 distribution under this section:
	11764	+	8 (1) A virtual charter school.
	11765	+	9 (2) An adult high school.
	11766	+	10 (d) (e) For the purposes of the calculations made in this subsection,
	11767	+	11 each eligible school that has entered into an agreement with a school
	11768	+	12 corporation to participate as a participating innovation network charter
	11769	+	13 school under IC 20-25.7-5 is considered to have an ADM that is
	11770	+	14 separate from the school corporation. The amount that the county
	11771	+	15 auditor shall distribute to a charter school, excluding virtual charter
	11772	+	16 schools or adult high schools, under this section is the amount
	11773	+	17 determined in the last STEP of the following STEPS:
	11774	+	18 STEP ONE: Determine, for each charter school, excluding virtual
	11775	+	19 charter schools or adult high schools, that is eligible to receive a
	11776	+	20 distribution under this section, the number of students who reside
	11777	+	21 within the attendance area of the school corporation who are
	11778	+	22 currently included in the ADM of the charter school and receive
	11779	+	23 not more than fifty percent (50%) virtual instruction.
	11780	+	24 STEP TWO: Determine the sum of:
	11781	+	25 (A) the current ADM count for the school corporation; plus
	11782	+	26 (B) total number of all students who reside within the
	11783	+	27 attendance area of the school corporation who are currently
	11784	+	28 included in the ADM of a charter school, and receive not
	11785	+	29 more than fifty percent (50%) virtual instruction,
	11786	+	30 excluding virtual charter schools or adult high schools.
	11787	+	31 STEP THREE: Determine the result of:
	11788	+	32 (A) the STEP ONE amount; divided by
	11789	+	33 (B) the STEP TWO amount.
	11790	+	34 STEP FOUR: Determine the result of:
	11791	+	35 (A) the sum of:
	11792	+	36 (i) the STEP THREE amount; plus
	11793	+	37 (ii) any amount withheld in the previous year under
	11794	+	38 subsection (i); multiplied by
	11795	+	39 (B) the amount collected by the county auditor during the most
	11796	+	40 recent installment period that is attributable to the territory
	11797	+	41 of the school corporation that is located within the
	11798	+	42 boundaries of a county listed in subsection (a).
	11799	+	ES 1—LS 7244/DI 120 272
	11800	+	1 (f) A charter school is not eligible for a distribution under this
	11801	+	2 section from property tax revenue collected from a particular
	11802	+	3 referendum levy if the charter school does not have a certified fall
	11803	+	4 ADM count in the calendar year immediately preceding the
	11804	+	5 calendar year in which the public question for the referendum
	11805	+	6 appears on the ballot.
	11806	+	7 (g) Not later than August 15, 2025, and not later than August 15
	11807	+	8 of each calendar year thereafter, the department shall provide to
	11808	+	9 each school corporation and eligible charter school an estimate of
	11809	+	10 the amount of property tax levy revenue the school corporation
	11810	+	11 and charter school are expected to receive under this section in the
	11811	+	12 subsequent calendar year based on the most recent fall ADM
	11812	+	13 count.
	11813	+	14 (h) This subsection applies beginning with distributions of
	11814	+	15 property tax revenue under this section in 2026 and thereafter. In
	11815	+	16 order to receive a distribution under this section, the governing
	11816	+	17 body of a charter school shall, not later than October 15, 2025, and
	11817	+	18 not later than October 15 of each calendar year thereafter, adopt
	11818	+	19 a budget for the current school year. Not later than ten (10) days
	11819	+	20 before its adoption, the budget must be fixed and presented to the
	11820	+	21 charter board in a public meeting in the county in which the
	11821	+	22 charter school is incorporated. Not later than November 1, 2025,
	11822	+	23 and not later than November 1 of each calendar year thereafter,
	11823	+	24 the governing body of the charter school shall submit:
	11824	+	25 (1) the budget that is adopted under this subsection;
	11825	+	26 (2) the dates on which each requirement under this subsection
	11826	+	27 were met; and
	11827	+	28 (3) a statement from the governing body of the charter school
	11828	+	29 attesting that the dates provided in subdivision (2) are true
	11829	+	30 and accurate and that the budget was properly adopted under
	11830	+	31 this subsection;
	11831	+	32 to the charter authorizer for review and to the department of local
	11832	+	33 government finance to be posted publicly on the computer gateway
	11833	+	34 under IC 6-1.1-17-3.
	11834	+	35 (i) If a charter school does not satisfy the requirements of
	11835	+	36 subsection (h) to receive distributions under this section during a
	11836	+	37 calendar year, as determined by the department of local
	11837	+	38 government finance, the charter school may not receive a
	11838	+	39 distribution of property tax revenue in that calendar year and the
	11839	+	40 county auditor shall withhold the charter school's distribution
	11840	+	41 amount. The department of local government finance's
	11841	+	42 determination of compliance consists only of a confirmation that
	11842	+	ES 1—LS 7244/DI 120 273
	11843	+	1 the adopted budget and attestation statement are submitted not
	11844	+	2 later than the applicable date under subsection (h). Any
	11845	+	3 distribution amount withheld under this subsection shall be:
	11846	+	4 (1) added to the property tax revenue collections as described
	11847	+	5 in STEP TWO of subsection (e); and
	11848	+	6 (2) distributed among the school corporation and remaining
	11849	+	7 charter schools according to subsection (e);
	11850	+	8 in the calendar year that immediately follows the calendar year in
	11851	+	9 which the distribution amount was withheld.
	11852	+	10 SECTION 222. IC 20-46-1-22 IS ADDED TO THE INDIANA
	11853	+	11 CODE AS A NEW SECTION TO READ AS FOLLOWS
	11854	+	12 [EFFECTIVE JULY 1, 2025]: Sec. 22. (a) This section applies to
	11855	+	13 revenue received from a referendum levy if both of the following
	11856	+	14 apply:
	11857	+	15 (1) The:
	11858	+	16 (A) governing body of the school corporation approves the
	11859	+	17 referendum levy in a resolution adopted under section 8 or
	11860	+	18 8.5 of this chapter; and
	11861	+	19 (B) resulting referendum levy is imposed for the first time
	11862	+	20 with property taxes first due and payable in a calendar
	11863	+	21 year beginning after December 31, 2027.
	11864	+	22 (2) The number of students who have legal settlement in the
	11865	+	23 school corporation but attend a charter school, excluding
	11866	+	24 virtual charter schools and adult high schools, and receive not
	11867	+	25 more than fifty percent (50%) virtual instruction is at least
	11868	+	26 the greater of:
	11869	+	27 (A) one hundred (100) students; or
	11870	+	28 (B) two percent (2%) of the school corporation's spring
	11871	+	29 ADM count, excluding students who receive more than
	11872	+	30 fifty percent (50%) virtual instruction.
	11873	+	31 (b) As used in this section, "eligible charter school" means a
	11874	+	32 charter school attended by a student who:
	11875	+	33 (1) has legal settlement in a school corporation that imposes
	11876	+	34 a referendum levy under this chapter; and
	11877	+	35 (2) receives not more than fifty percent (50%) virtual
	11878	+	36 instruction.
	11879	+	37 However, the term does not include a virtual charter school or an
	11880	+	38 adult high school.
	11881	+	39 (c) The following schools are not eligible to receive, and may not
	11882	+	40 be considered in a calculation made for purposes of, a distribution
	11883	+	41 under this section:
	11884	+	42 (1) A virtual charter school.
	11885	+	ES 1—LS 7244/DI 120 274
	11886	+	1 (2) An adult high school.
	11887	+	2 (d) Subject to subsections (j) and (l), the county auditor in the
	11888	+	3 county in which the school corporation is located shall distribute
	11889	+	4 to each eligible charter school, in the manner provided under this
	11890	+	5 section, an amount of revenue received from a tax levy imposed by
	11891	+	6 a school corporation under this chapter unless the charter school
	11892	+	7 elects to not participate in the referendum under section 8(h) of
	11893	+	8 this chapter.
	11894	+	9 (e) For the purposes of the calculations made in this section,
	11895	+	10 each eligible charter school that has entered into an agreement
	11896	+	11 with a school corporation to participate as a participating
	11897	+	12 innovation network charter school under IC 20-25.7-5 is
	11898	+	13 considered to have an ADM that is separate from the school
	11899	+	14 corporation.
	11900	+	15 (f) Not later than January 1, 2028, and not later than January
	11901	+	16 1 of each year thereafter, the department, in consultation with the
	11902	+	17 department of local government finance, shall determine, for each
	11903	+	18 school corporation, the corresponding percentages of revenue
	11904	+	19 received from the tax levy that must be distributed among the
	11905	+	20 school corporation and each eligible charter school according to
	11906	+	21 the following formula:
	11907	+	22 STEP ONE: Determine, for each eligible charter school, the
	11908	+	23 number of students who:
	11909	+	24 (A) have legal settlement within the school corporation;
	11910	+	25 (B) are currently included in the fall ADM count for the
	11911	+	26 charter school; and
	11912	+	27 (C) receive not more than fifty percent (50%) virtual
	11913	+	28 instruction.
	11914	+	29 STEP TWO: Determine the sum of:
	11915	+	30 (A) the aggregate of the STEP ONE results for all eligible
	11916	+	31 charter schools with respect to the school corporation; plus
	11917	+	32 (B) the fall ADM count for the school corporation for
	11918	+	33 students receiving not more than fifty percent (50%)
	11919	+	34 virtual instruction.
	11920	+	35 STEP THREE: For each eligible charter school, determine the
	11921	+	36 result of:
	11922	+	37 (A) the applicable STEP ONE amount; divided by
	11923	+	38 (B) the STEP TWO amount;
	11924	+	39 expressed as a percentage.
	11925	+	40 STEP FOUR: Determine the sum of all the amounts computed
	11926	+	41 under STEP THREE and subtract the result from one
	11927	+	42 hundred percent (100%).
	11928	+	ES 1—LS 7244/DI 120 275
	11929	+	1 (g) The department shall provide to the county auditor,
	11930	+	2 immediately after calculation under subsection (g):
	11931	+	3 (1) each eligible charter school and the eligible charter
	11932	+	4 school's corresponding percentage calculated under STEP
	11933	+	5 THREE of subsection (f); and
	11934	+	6 (2) the percentage calculated under STEP FOUR of
	11935	+	7 subsection (f) for the school corporation.
	11936	+	8 (h) Subject to subsections (k) and (m), when the county auditor
	11937	+	9 distributes property tax revenue, the county auditor shall
	11938	+	10 distribute to the school corporation and each eligible charter
	11939	+	11 school the amount determined in the last STEP of the following
	11940	+	12 STEPS:
	11941	+	13 STEP ONE: Determine the amount collected in the most
	11942	+	14 recent installment period by the school corporation from the
	11943	+	15 school corporation's referendum levy imposed under this
	11944	+	16 chapter.
	11945	+	17 STEP TWO: To determine the distribution for the school
	11946	+	18 corporation and each eligible charter school, determine the
	11947	+	19 result of:
	11948	+	20 (A) the sum of:
	11949	+	21 (i) the STEP ONE result; plus
	11950	+	22 (ii) any amount withheld in the previous year under
	11951	+	23 subsection (k); multiplied by
	11952	+	24 (B) the following percentage:
	11953	+	25 (i) In the case of an eligible charter school, the charter
	11954	+	26 school's percentage under STEP THREE of subsection
	11955	+	27 (f).
	11956	+	28 (ii) In the case of the school corporation, the school
	11957	+	29 corporation's percentage under STEP FOUR of
	11958	+	30 subsection (f).
	11959	+	31 (i) Not later than August 15, 2027, and not later than August 15
	11960	+	32 of each calendar year thereafter, the department shall provide to
	11961	+	33 each school corporation and each eligible charter school an
	11962	+	34 estimate of the amount of property tax levy revenue the school
	11963	+	35 corporation and eligible charter school are expected to receive
	11964	+	36 under this section in the subsequent calendar year based on the
	11965	+	37 most recent fall ADM count.
	11966	+	38 (j) This subsection applies beginning with distributions of
	11967	+	39 property tax revenue under this section in 2028 and thereafter. In
	11968	+	40 order to receive a distribution under this section, the governing
	11969	+	41 body of an eligible charter school shall, not later than October 15,
	11970	+	42 2027, and not later than October 15 of each calendar year
	11971	+	ES 1—LS 7244/DI 120 276
	11972	+	1 thereafter, adopt a budget for the current school year. Not later
	11973	+	2 than ten (10) days before its adoption, the budget must be fixed and
	11974	+	3 presented to the charter board in a public meeting in the county in
	11975	+	4 which the eligible charter school is incorporated. Not later than
	11976	+	5 November 1, 2027, and not later than November 1 of each calendar
	11977	+	6 year thereafter, the governing body of the charter school shall
	11978	+	7 submit:
	11979	+	8 (1) the budget that is adopted under this subsection;
	11980	+	9 (2) the dates on which each requirement under this subsection
	11981	+	10 were met; and
	11982	+	11 (3) a statement from the governing body of the charter school
	11983	+	12 attesting that the dates provided in subdivision (2) are true
	11984	+	13 and accurate and that the budget was properly adopted under
	11985	+	14 this subsection;
	11986	+	15 to the charter authorizer for review and to the department of local
	11987	+	16 government finance to be posted publicly on the computer gateway
	11988	+	17 under IC 6-1.1-17-3.
	11989	+	18 (k) If an eligible charter school does not satisfy the requirements
	11990	+	19 of subsection (j) to receive distributions under this section during
	11991	+	20 a calendar year, as determined by the department of local
	11992	+	21 government finance, the eligible charter school may not receive a
	11993	+	22 distribution of property tax revenue in that calendar year and the
	11994	+	23 county auditor shall withhold the eligible charter school's
	11995	+	24 distribution amount. The department of local government finance's
	11996	+	25 determination of compliance consists only of a confirmation that
	11997	+	26 the adopted budget and attestation statement are submitted not
	11998	+	27 later than the applicable date under subsection (j). Any
	11999	+	28 distribution amount withheld under this subsection shall be:
	12000	+	29 (1) added to the property tax revenue collections as described
	12001	+	30 in STEP TWO of subsection (h); and
	12002	+	31 (2) distributed among the school corporation and eligible
	12003	+	32 charter schools according to subsection (h);
	12004	+	33 in the calendar year that immediately follows the calendar year in
	12005	+	34 which the distribution amount was withheld.
	12006	+	35 (l) A charter school is not eligible for a distribution under this
	12007	+	36 section from property tax revenue collected from a particular
	12008	+	37 referendum levy if the charter school does not have a certified fall
	12009	+	38 ADM count in the calendar year immediately preceding the
	12010	+	39 calendar year in which the public question for the referendum
	12011	+	40 appears on the ballot.
	12012	+	41 SECTION 223. IC 20-46-8-1, AS AMENDED BY P.L.104-2022,
	12013	+	42 SECTION 129, IS AMENDED TO READ AS FOLLOWS
	12014	+	ES 1—LS 7244/DI 120 277
	12015	+	1 [EFFECTIVE JULY 1, 2025]: Sec. 1. (a) A school corporation may
	12016	+	2 impose an annual property tax levy for its operations fund.
	12017	+	3 (b) For property taxes first due and payable in 2019, the maximum
	12018	+	4 permissible property tax levy a school corporation may impose for its
	12019	+	5 operations fund (IC 20-40-18) is the following:
	12020	+	6 STEP ONE: Determine the sum of the following:
	12021	+	7 (A) The 2018 maximum permissible transportation levy
	12022	+	8 determined under IC 20-46-4 (repealed January 1, 2019).
	12023	+	9 (B) The 2018 maximum permissible school bus replacement
	12024	+	10 levy determined under IC 20-46-5 (repealed January 1, 2019).
	12025	+	11 (C) The 2018 amount that would be raised from a capital
	12026	+	12 projects fund tax rate equal to the sum of:
	12027	+	13 (i) the maximum capital projects fund rate that the school
	12028	+	14 corporation was authorized to impose for 2018 under
	12029	+	15 IC 20-46-6 (repealed January 1, 2019), after any adjustment
	12030	+	16 under IC 6-1.1-18-12 (but excluding any rate imposed for
	12031	+	17 qualified utility and insurance costs); plus
	12032	+	18 (ii) the capital projects fund rate imposed for qualified utility
	12033	+	19 and insurance costs in 2018.
	12034	+	20 (D) For school corporations described in IC 36-10-13-7, the
	12035	+	21 2018 levy as provided in section 6 of this chapter (repealed
	12036	+	22 January 1, 2019) to provide funding for an art association.
	12037	+	23 (E) For a school corporation in a county having a population
	12038	+	24 of more than two hundred fifty thousand (250,000) and less
	12039	+	25 than three hundred thousand (300,000), the 2018 levy as
	12040	+	26 provided in section 7 of this chapter (repealed January 1,
	12041	+	27 2019) to provide funding for a historical society.
	12042	+	28 (F) For a school corporation described in IC 36-10-14-1, the
	12043	+	29 2018 levy as provided in section 8 of this chapter (repealed
	12044	+	30 January 1, 2019) to provide funding for a public playground.
	12045	+	31 STEP TWO: Determine the product of:
	12046	+	32 (A) The amount determined in STEP ONE, after eliminating
	12047	+	33 the effects of temporary excessive levy appeals and any other
	12048	+	34 temporary adjustments made to each of these levies for 2018
	12049	+	35 (regardless of whether the school corporation imposed the
	12050	+	36 entire amount of that maximum permissible levy for the
	12051	+	37 previous year); multiplied by
	12052	+	38 (B) the maximum levy growth quotient determined under
	12053	+	39 IC 6-1.1-18.5-2.
	12054	+	40 STEP THREE: Determine the result of the following:
	12055	+	41 (A) Determine the sum of:
	12056	+	42 (i) the amount determined in STEP TWO; plus
	12057	+	ES 1—LS 7244/DI 120 278
	12058	+	1 (ii) the amount granted due to an appeal to increase the levy
	12059	+	2 for transportation for 2019.
	12060	+	3 (B) Make the school bus replacement adjustment for 2019.
	12061	+	4 (c) After 2019, the maximum permissible property tax levy a school
	12062	+	5 corporation may impose for its operations fund for a particular year is
	12063	+	6 the following:
	12064	+	7 STEP ONE: Determine the product of:
	12065	+	8 (A) the maximum permissible property tax levy for the school
	12066	+	9 corporation's operations fund for the previous year, after
	12067	+	10 eliminating the effects of temporary excessive levy appeals
	12068	+	11 and any other temporary adjustments made to the levy for the
	12069	+	12 previous year (regardless of whether the school corporation
	12070	+	13 imposed the entire amount of the maximum permissible levy
	12071	+	14 for the previous year); multiplied by
	12072	+	15 (B) the maximum levy growth quotient determined under
	12073	+	16 IC 6-1.1-18.5-2.
	12074	+	17 STEP TWO: Determine the result of the following:
	12075	+	18 (A) Determine the sum of:
	12076	+	19 (i) the amount determined in STEP ONE; plus
	12077	+	20 (ii) the amount granted due to an appeal to increase the
	12078	+	21 maximum permissible operations fund levy for the year
	12079	+	22 under section 3 of this chapter for transportation (before its
	12080	+	23 expiration).
	12081	+	24 (B) Make the school bus replacement adjustment permitted by
	12082	+	25 section 3 of this chapter.
	12083	+	26 SECTION 224. IC 20-46-8-3, AS AMENDED BY P.L.156-2024,
	12084	+	27 SECTION 29, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	12085	+	28 JULY 1, 2025]: Sec. 3. (a) This section applies to property tax levies
	12086	+	29 imposed before January 1, 2026.
	12087	+	30 (b) Subject to subsection (b), (c), a school corporation may appeal
	12088	+	31 to the department of local government finance under IC 6-1.1-19 to
	12089	+	32 increase the school corporation's maximum permissible operations fund
	12090	+	33 levy. The appeal must be filed with the department of local government
	12091	+	34 finance before October 20 of the year before the increase is proposed
	12092	+	35 to take effect. To be granted an increase by the department of local
	12093	+	36 government finance, the school corporation must establish that the
	12094	+	37 increase is necessary because of either or both of the following:
	12095	+	38 (1) A cost increase of at least ten percent (10%) over the
	12096	+	39 preceding year for at least one (1) of the following:
	12097	+	40 (A) A fuel expense increase.
	12098	+	41 (B) A cost increase due to an increase in the number of
	12099	+	42 students enrolled in the school corporation who need
	12100	+	ES 1—LS 7244/DI 120 279
	12101	+	1 transportation or an increase in the mileage traveled by the
	12102	+	2 school corporation's buses compared with the previous year.
	12103	+	3 (C) A cost increase due to an increase in the number of
	12104	+	4 students enrolled in special education who need transportation
	12105	+	5 or an increase in the mileage traveled by the school
	12106	+	6 corporation's buses due to students enrolled in special
	12107	+	7 education as compared with the previous year.
	12108	+	8 (D) Increased transportation operating costs due to compliance
	12109	+	9 with a court ordered desegregation plan.
	12110	+	10 (E) A cost increase due to the closure of a school building
	12111	+	11 within the school corporation that results in a significant
	12112	+	12 increase in the distances that students must be transported to
	12113	+	13 attend another school building.
	12114	+	14 (F) A cost increase due to restructuring or redesigning
	12115	+	15 transportation services due to a need for additional, expanded,
	12116	+	16 consolidated, or modified routes.
	12117	+	17 (G) A labor cost increase due to a labor shortage affecting the
	12118	+	18 school corporation's ability to hire qualified transportation
	12119	+	19 employees.
	12120	+	20 To obtain the increase, the school corporation must establish that
	12121	+	21 it will be unable to provide transportation services without an
	12122	+	22 increase.
	12123	+	23 (2) A cost increase associated with the school corporation's bus
	12124	+	24 replacement plan adopted or amended under IC 20-40-18-9 (after
	12125	+	25 December 31, 2018). To obtain the increase, the school
	12126	+	26 corporation must show that the school corporation must incur
	12127	+	27 reasonable and necessary expenses to acquire additional buses
	12128	+	28 under the plan.
	12129	+	29 The department of local government finance may grant a levy increase
	12130	+	30 that is less than the increase requested by the school corporation. If the
	12131	+	31 department of local government finance determines that a permanent
	12132	+	32 increase in the maximum permissible levy is necessary, the increase
	12133	+	33 granted under this section shall be added to the school corporation's
	12134	+	34 maximum permissible operations fund levy as provided in section 1 of
	12135	+	35 this chapter.
	12136	+	36 (b) (c) This subsection applies to a school corporation whose budget
	12137	+	37 for the upcoming year is subject to review by a fiscal body under
	12138	+	38 IC 6-1.1-17-20. A school corporation described in this subsection may
	12139	+	39 not submit an appeal under this section unless the school corporation
	12140	+	40 receives approval from the fiscal body to submit the appeal.
	12141	+	41 (d) This section expires December 31, 2026.
	12142	+	42 SECTION 225. IC 20-46-8-11.2, AS AMENDED BY P.L.36-2024,
	12143	+	ES 1—LS 7244/DI 120 280
	12144	+	1 SECTION 11, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	12145	+	2 JANUARY 1, 2025 (RETROACTIVE)]: Sec. 11.2. (a) This section
	12146	+	3 applies only to revenue collected after June 30, 2024, and before
	12147	+	4 January 1, 2028, from a tax levy imposed under this chapter by a
	12148	+	5 school corporation located in:
	12149	+	6 (1) Lake County;
	12150	+	7 (2) Marion County;
	12151	+	8 (3) St. Joseph County; or
	12152	+	9 (4) Vanderburgh County.
	12153	+	10 However, this section does not apply to, and distributions are not
	12154	+	11 required for, a school corporation that is designated as a distressed
	12155	+	12 political subdivision under IC 6-1.1-20.3.
	12156	+	13 (b) Beginning In calendar year 2025, and each year thereafter, and
	12157	+	14 subject to subsections (c), and (h), the county For distributions made
	12158	+	15 in:
	12159	+	16 (1) calendar year 2025, and subject to subsection (c); and
	12160	+	17 (2) calendar years 2026 and 2027, and subject to subsections
	12161	+	18 (c), (h), and (i);
	12162	+	19 the county auditor shall distribute to each charter school that is
	12163	+	20 eligible for a distribution under subsection (d), and as provided
	12164	+	21 under subsection (f), an amount of revenue received from a tax levy
	12165	+	22 imposed by a school corporation under this chapter to each charter
	12166	+	23 school that is eligible for a distribution under subsection (d) and as set
	12167	+	24 forth in subsection (f). that is attributable to the territory of the
	12168	+	25 school corporation that is located within the boundaries of a county
	12169	+	26 listed in subsection (a).
	12170	+	27 (c) The following schools are not eligible to receive a distribution
	12171	+	28 under this section:
	12172	+	29 (1) A virtual charter school.
	12173	+	30 (2) An adult high school.
	12174	+	31 (d) Not later than thirty (30) days before the date that the county
	12175	+	32 auditor distributes money for a school corporation's operations fund
	12176	+	33 (IC 20-40-18) under IC 6-1.1-27, March 1, 2025, January 1, 2026,
	12177	+	34 and January 1, 2027, the department, in consultation with the
	12178	+	35 department of local government finance, shall determine the
	12179	+	36 corresponding percentages of revenue received from the tax levy that
	12180	+	37 are attributable to the territory of the school corporation that is
	12181	+	38 located within the boundaries of a county listed in subsection (a)
	12182	+	39 and must be distributed among the school corporation and each eligible
	12183	+	40 charter school according to the following formula:
	12184	+	41 STEP ONE: Determine each charter school that:
	12185	+	42 (A) is located in the same county as the school corporation;
	12186	+	ES 1—LS 7244/DI 120 281
	12187	+	1 and
	12188	+	2 (B) provides not more than fifty percent (50%) virtual
	12189	+	3 instruction for its students.
	12190	+	4 STEP TWO: Determine, for each charter school described in
	12191	+	5 STEP ONE, the number of students who:
	12192	+	6 (A) have legal settlement within the school corporation;
	12193	+	7 (B) are currently included in the fall ADM for the charter
	12194	+	8 school; and
	12195	+	9 (C) receive not more than fifty percent (50%) virtual
	12196	+	10 instruction.
	12197	+	11 STEP THREE: Determine the sum of:
	12198	+	12 (A) the aggregate of the STEP TWO results for all applicable
	12199	+	13 charter schools; plus
	12200	+	14 (B) the fall ADM count for the school corporation for students
	12201	+	15 receiving not more than fifty percent (50%) virtual instruction.
	12202	+	16 STEP FOUR: For each charter school described in STEP ONE,
	12203	+	17 determine the result of:
	12204	+	18 (A) the applicable STEP TWO amount; divided by
	12205	+	19 (B) the STEP THREE amount;
	12206	+	20 expressed as a percentage.
	12207	+	21 STEP FIVE: Determine the sum of all the amounts computed
	12208	+	22 under STEP FOUR and subtract the result from one hundred
	12209	+	23 percent (100%).
	12210	+	24 (e) The department shall provide to the county auditor, immediately
	12211	+	25 after calculation under subsection (d): and in the form prescribed by the
	12212	+	26 county auditor:
	12213	+	27 (1) each charter school determined under STEP ONE of
	12214	+	28 subsection (d) and the charter school's corresponding percentage
	12215	+	29 calculated under STEP FOUR of subsection (d); and
	12216	+	30 (2) the percentage calculated under STEP FIVE of subsection (d)
	12217	+	31 for the school corporation.
	12218	+	32 (f) Subject to subsection (i), the county auditor shall distribute to
	12219	+	33 the school corporation and each applicable charter school the amount
	12220	+	34 determined, for each settlement period described in IC 6-1.1-27-1,
	12221	+	35 in the last STEP of the following STEPS:
	12222	+	36 STEP ONE: For each school corporation, determine a base
	12223	+	37 property tax levy amount calculated as:
	12224	+	38 (A) the sum of the school corporation's operations fund
	12225	+	39 property tax levies that are attributable to the territory of
	12226	+	40 the school corporation that is located within the
	12227	+	41 boundaries of a county listed in subsection (a) and collected
	12228	+	42 under this chapter for the applicable settlement period as
	12229	+	ES 1—LS 7244/DI 120 282
	12230	+	1 described in IC 6-1.1-27-1 in calendar years 2021, 2022, and
	12231	+	2 2023; divided by
	12232	+	3 (B) three (3).
	12233	+	4 STEP TWO: For each school corporation, determine an
	12234	+	5 incremental property tax levy amount calculated as:
	12235	+	6 (A) the school corporation's operations fund property tax levy
	12236	+	7 collections that are attributable to the territory of the
	12237	+	8 school corporation that is located within the boundaries of
	12238	+	9 a county listed in subsection (a) for the applicable
	12239	+	10 settlement period as described in IC 6-1.1-27-1 in the
	12240	+	11 current calendar year; minus
	12241	+	12 (B) the school corporation's base property tax levy collections
	12242	+	13 determined for the applicable settlement period as
	12243	+	14 described in IC 6-1.1-27-1 under STEP ONE.
	12244	+	15 STEP THREE: For the school corporation and each applicable
	12245	+	16 charter school, determine the result of:
	12246	+	17 (A) the sum of:
	12247	+	18 (i) the incremental amount determined under STEP TWO;
	12248	+	19 plus
	12249	+	20 (ii) any distribution amount withheld under subsection
	12250	+	21 (i); multiplied by
	12251	+	22 (B) the following percentage:
	12252	+	23 (i) In the case of an applicable charter school, the charter
	12253	+	24 school's percentage under STEP FOUR of subsection (d).
	12254	+	25 (ii) In the case of the school corporation, the school
	12255	+	26 corporation's percentage under STEP FIVE of subsection
	12256	+	27 (d).
	12257	+	28 (g) Before October 1, 2024, and before October 1 of each year
	12258	+	29 thereafter, August 15, 2025, and August 15, 2026, the department
	12259	+	30 shall provide to each school corporation and each eligible charter
	12260	+	31 school an estimate of the amount of property tax levy revenue the
	12261	+	32 school corporation and charter school are expected to receive under
	12262	+	33 this section based on the most recent fall ADM count.
	12263	+	34 (h) This subsection applies to distributions of property tax
	12264	+	35 revenue under this section in 2026 and 2027. In order to receive a
	12265	+	36 distribution under this section in 2026 and 2027, the governing body
	12266	+	37 of an eligible charter school shall, before November 1, 2024, and
	12267	+	38 before November 1 of each year thereafter, October 15, 2025, and
	12268	+	39 October 15, 2026, adopt a budget for the current school year. Not
	12269	+	40 later than ten (10) days before its adoption, the budget must be fixed
	12270	+	41 and presented to the charter board in a public meeting in the county in
	12271	+	42 which the charter school is incorporated. A budget that is adopted
	12272	+	ES 1—LS 7244/DI 120 283
	12273	+	1 under this subsection must be submitted to the charter authorizer for
	12274	+	2 review and to the department of local government finance to be posted
	12275	+	3 publicly on the computer gateway under IC 6-1.1-17-3 not later than:
	12276	+	4 (1) to receive distributions in 2026, November 1, 2025; and
	12277	+	5 (2) to receive distributions in 2027, November 1, 2026.
	12278	+	6 In addition to the adopted budget, the governing body of the
	12279	+	7 charter school shall also submit to the charter authorizer, and to
	12280	+	8 the department of local government finance to be posted publicly
	12281	+	9 on the computer gateway under IC 6-1.1-17-3, the dates on which
	12282	+	10 each requirement under this subsection was met and a statement
	12283	+	11 from the governing body of the charter school attesting that those
	12284	+	12 dates are true and accurate and that the budget was properly
	12285	+	13 adopted under this subsection.
	12286	+	14 (i) Before April 1, 2025, and before April 1 of each year thereafter,
	12287	+	15 the county auditor shall provide each school corporation and each
	12288	+	16 eligible charter school the actual amount of property tax levy revenue
	12289	+	17 the school corporation and charter school are expected to receive under
	12290	+	18 this section.
	12291	+	19 (i) This subsection applies to distributions of property tax
	12292	+	20 revenue under this section in 2026 and 2027. If an eligible charter
	12293	+	21 school does not satisfy the requirements of subsection (h) to receive
	12294	+	22 distributions under this section during a calendar year, as
	12295	+	23 determined by the department of local government finance, the
	12296	+	24 charter school may not receive a distribution of property tax
	12297	+	25 revenue in that calendar year and the county auditor shall
	12298	+	26 withhold the charter school's distribution amount. The department
	12299	+	27 of local government finance's determination of compliance consists
	12300	+	28 only of a confirmation that the adopted budget and attestation
	12301	+	29 statement are submitted not later than the applicable date under
	12302	+	30 subsection (h). Any distribution amount that must be withheld
	12303	+	31 from distribution to any particular charter school under this
	12304	+	32 subsection in:
	12305	+	33 (1) calendar year 2026 shall be added to the incremental
	12306	+	34 amount as described in STEP TWO of subsection (f) and
	12307	+	35 distributed among the school corporation and remaining
	12308	+	36 charter schools according to subsection (f) in calendar year
	12309	+	37 2027; and
	12310	+	38 (2) calendar year 2027 shall be added to the incremental
	12311	+	39 amount as described in STEP TWO of subsection (f) and
	12312	+	40 distributed among the school corporation and remaining
	12313	+	41 charter schools according to subsection (f) in calendar year
	12314	+	42 2027.
	12315	+	ES 1—LS 7244/DI 120 284
	12316	+	1 SECTION 226. IC 20-46-8-12 IS ADDED TO THE INDIANA
	12317	+	2 CODE AS A NEW SECTION TO READ AS FOLLOWS
	12318	+	3 [EFFECTIVE JULY 1, 2025]: Sec. 12. (a) This section applies to
	12319	+	4 revenue collected after December 31, 2027, from a tax levy imposed
	12320	+	5 under this chapter only if the number of students who have legal
	12321	+	6 settlement in a school corporation but attend a charter school,
	12322	+	7 excluding virtual charter schools and adult high schools, and
	12323	+	8 receive not more than fifty percent (50%) virtual instruction, is at
	12324	+	9 least the greater of:
	12325	+	10 (1) one hundred (100) students; or
	12326	+	11 (2) two percent (2%) of the school corporation's spring ADM
	12327	+	12 count, excluding students who receive more than fifty percent
	12328	+	13 (50%) virtual instruction.
	12329	+	14 (b) As used in this section, "eligible charter school" means a
	12330	+	15 charter school attended by a student who:
	12331	+	16 (1) has legal settlement in a school corporation that imposes
	12332	+	17 a tax levy under this chapter; and
	12333	+	18 (2) receives not more than fifty percent (50%) virtual
	12334	+	19 instruction.
	12335	+	20 However, the term does not include a virtual charter school or an
	12336	+	21 adult high school.
	12337	+	22 (c) The following schools are not eligible to receive, and may not
	12338	+	23 be considered in a calculation made for purposes of, a distribution
	12339	+	24 under this section:
	12340	+	25 (1) A virtual charter school.
	12341	+	26 (2) An adult high school.
	12342	+	27 (d) Beginning in calendar year 2028, and in each calendar year
	12343	+	28 thereafter, and subject to subsection (j), the county auditor shall
	12344	+	29 distribute to each eligible charter school in the manner provided
	12345	+	30 under this section an amount of revenue received from a tax levy
	12346	+	31 imposed by a school corporation under this chapter.
	12347	+	32 (e) For the purposes of the calculations made in this section,
	12348	+	33 each eligible charter school that has entered into an agreement
	12349	+	34 with a school corporation to participate as a participating
	12350	+	35 innovation network charter school under IC 20-25.7-5 is
	12351	+	36 considered to have an ADM that is separate from the school
	12352	+	37 corporation.
	12353	+	38 (f) Not later than January 1, 2028, and not later than January
	12354	+	39 1 of each year thereafter, the department, in consultation with the
	12355	+	40 department of local government finance, shall determine, for each
	12356	+	41 school corporation, the corresponding percentages of revenue
	12357	+	42 received from the tax levy that must be distributed among the
	12358	+	ES 1—LS 7244/DI 120 285
	12359	+	1 school corporation and each eligible charter school according to
	12360	+	2 the following formula:
	12361	+	3 STEP ONE: Determine, for each eligible charter school, the
	12362	+	4 number of students who:
	12363	+	5 (A) have legal settlement within the school corporation;
	12364	+	6 (B) are currently included in the fall ADM count for the
	12365	+	7 charter school; and
	12366	+	8 (C) receive not more than fifty percent (50%) virtual
	12367	+	9 instruction.
	12368	+	10 STEP TWO: Determine the sum of:
	12369	+	11 (A) the aggregate of the STEP ONE results for all eligible
	12370	+	12 charter schools with respect to the school corporation; plus
	12371	+	13 (B) the fall ADM count for the school corporation for
	12372	+	14 students receiving not more than fifty percent (50%)
	12373	+	15 virtual instruction.
	12374	+	16 STEP THREE: For each eligible charter school, determine the
	12375	+	17 result of:
	12376	+	18 (A) the applicable STEP ONE amount; divided by
	12377	+	19 (B) the STEP TWO amount;
	12378	+	20 expressed as a percentage.
	12379	+	21 STEP FOUR: Determine the sum of all the amounts computed
	12380	+	22 under STEP THREE and subtract the result from one
	12381	+	23 hundred percent (100%).
	12382	+	24 (g) The department shall provide to the county auditor,
	12383	+	25 immediately after calculation under subsection (f):
	12384	+	26 (1) each eligible charter school and the eligible charter
	12385	+	27 school's corresponding percentage calculated under STEP
	12386	+	28 THREE of subsection (f); and
	12387	+	29 (2) the percentage calculated under STEP FOUR of
	12388	+	30 subsection (f) for the school corporation.
	12389	+	31 (h) Subject to subsections (j) and (l), the county auditor shall
	12390	+	32 distribute to the school corporation and each eligible charter
	12391	+	33 school the amount determined in the last STEP of the following
	12392	+	34 STEPS:
	12393	+	35 STEP ONE: Determine the amount collected in the most
	12394	+	36 recent installment period by the school corporation from the
	12395	+	37 school corporation's operations fund levy imposed under this
	12396	+	38 chapter.
	12397	+	39 STEP TWO: To determine the distribution for the school
	12398	+	40 corporation and each eligible charter school, determine the
	12399	+	41 result of:
	12400	+	42 (A) the sum of:
	12401	+	ES 1—LS 7244/DI 120 286
	12402	+	1 (i) the STEP ONE result; plus
	12403	+	2 (ii) any amount withheld in the previous year under
	12404	+	3 subsection (k); multiplied by
	12405	+	4 (B) the following percentage:
	12406	+	5 (i) In the case of an eligible charter school, the charter
	12407	+	6 school's percentage under STEP THREE of subsection
	12408	+	7 (f).
	12409	+	8 (ii) In the case of the school corporation, the school
	12410	+	9 corporation's percentage under STEP FOUR of
	12411	+	10 subsection (f).
	12412	+	11 (i) Not later than August 15, 2027, and not later than August 15
	12413	+	12 of each calendar year thereafter, the department shall provide to
	12414	+	13 each school corporation and each eligible charter school an
	12415	+	14 estimate of the amount of property tax levy revenue the school
	12416	+	15 corporation and eligible charter school are expected to receive
	12417	+	16 under this section in the subsequent calendar year based on the
	12418	+	17 most recent fall ADM count.
	12419	+	18 (j) Beginning with distributions of property tax revenue under
	12420	+	19 this section in 2028 and thereafter, in order to receive a
	12421	+	20 distribution under this section, the governing body of an eligible
	12422	+	21 charter school shall, not later than October 15, 2027, and not later
	12423	+	22 than October 15 of each calendar year thereafter, adopt a budget
	12424	+	23 for the current school year. Not later than ten (10) days before its
	12425	+	24 adoption, the budget must be fixed and presented to the charter
	12426	+	25 board in a public meeting in the county in which the eligible
	12427	+	26 charter school is incorporated. Not later than November 1, 2027,
	12428	+	27 and not later than November 1 of each calendar year thereafter,
	12429	+	28 the governing body of the charter school shall submit:
	12430	+	29 (1) the budget that is adopted under this subsection;
	12431	+	30 (2) the dates on which each requirement under this subsection
	12432	+	31 was met; and
	12433	+	32 (3) a statement from the governing body of the charter school
	12434	+	33 attesting that the dates provided in subdivision (2) are true
	12435	+	34 and accurate and that the budget was properly adopted under
	12436	+	35 this subsection;
	12437	+	36 to the charter authorizer for review and to the department of local
	12438	+	37 government finance to be posted publicly on the computer gateway
	12439	+	38 under IC 6-1.1-17-3.
	12440	+	39 (k) If an eligible charter school does not satisfy the requirements
	12441	+	40 of subsection (j) to receive distributions under this section during
	12442	+	41 a calendar year, as determined by the department of local
	12443	+	42 government finance, the eligible charter school may not receive a
	12444	+	ES 1—LS 7244/DI 120 287
	12445	+	1 distribution of property tax revenue in that calendar year and the
	12446	+	2 county auditor shall withhold the eligible charter school's
	12447	+	3 distribution amount. The department of local government finance's
	12448	+	4 determination of compliance consists only of a confirmation that
	12449	+	5 the adopted budget and attestation statement are submitted not
	12450	+	6 later than the applicable date under subsection (j). Any
	12451	+	7 distribution amount withheld under this subsection shall be:
	12452	+	8 (1) added to the property tax revenue collections as described
	12453	+	9 in STEP TWO of subsection (h); and
	12454	+	10 (2) distributed among the school corporation and remaining
	12455	+	11 eligible charter schools according to subsection (h);
	12456	+	12 in the calendar year that immediately follows the calendar year in
	12457	+	13 which the distribution amount was withheld.
	12458	+	14 (l) This subsection applies only to distributions under subsection
	12459	+	15 (h) in calendar years 2028, 2029, and 2030 to an eligible charter
	12460	+	16 school. Instead of the amount determined under subsection (h) for
	12461	+	17 a distribution to a particular eligible charter school from the
	12462	+	18 revenue collected from the tax levy imposed under this chapter by
	12463	+	19 a particular school corporation, the county auditor shall make
	12464	+	20 distributions according to the following:
	12465	+	21 (1) For a distribution in 2028, the county auditor shall
	12466	+	22 distribute an amount for a particular eligible charter school
	12467	+	23 equal to:
	12468	+	24 (A) the applicable result of STEP TWO of subsection (h)
	12469	+	25 for the eligible charter school; multiplied by
	12470	+	26 (B) twenty-five hundredths (0.25).
	12471	+	27 (2) For a distribution in 2029, the county auditor shall
	12472	+	28 distribute an amount for a particular eligible charter school
	12473	+	29 equal to:
	12474	+	30 (A) the applicable result of STEP TWO of subsection (h)
	12475	+	31 for the eligible charter school; multiplied by
	12476	+	32 (B) five-tenths (0.5).
	12477	+	33 (3) For a distribution in 2030, the county auditor shall
	12478	+	34 distribute an amount for a particular eligible charter school
	12479	+	35 equal to:
	12480	+	36 (A) the applicable result of STEP TWO of subsection (h)
	12481	+	37 for the eligible charter school; multiplied by
	12482	+	38 (B) seventy-five hundredths (0.75).
	12483	+	39 Any amount of property tax revenue collected from the tax levy
	12484	+	40 imposed under this chapter by a particular school corporation that
	12485	+	41 remains after making the distributions according to this subsection
	12486	+	42 shall be distributed to the school corporation and are in addition
	12487	+	ES 1—LS 7244/DI 120 288
	12488	+	1 to the amount distributed to the school corporation under
	12489	+	2 subsection (h) for the applicable year. This subsection expires July
	12490	+	3 1, 2032.
	12491	+	4 SECTION 227. IC 20-46-9-6, AS AMENDED BY P.L.162-2024,
	12492	+	5 SECTION 26, AND AS AMENDED BY P.L.156-2024, SECTION 30,
	12493	+	6 AND AS AMENDED BY THE TECHNICAL CORRECTIONS BILL
	12494	+	7 OF THE 2025 GENERAL ASSEMBLY, IS CORRECTED AND
	12495	+	8 AMENDED TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2025]:
	12496	+	9 Sec. 6. (a) Subject to this chapter, the governing body of a school
	12497	+	10 corporation may adopt a resolution to place a referendum under this
	12498	+	11 chapter on the ballot if the governing body of the school corporation
	12499	+	12 determines that a referendum levy should be imposed for measures to
	12500	+	13 improve school safety as described in IC 20-40-20-6(a) or
	12501	+	14 IC 20-40-20-6(b).
	12502	+	15 (b) Except as provided in section 22 of this chapter, a school
	12503	+	16 corporation may, with the approval of the majority of members of the
	12504	+	17 governing body, distribute a portion of the proceeds of a tax levy
	12505	+	18 collected under this chapter that is deposited in the fund to a charter
	12506	+	19 school, excluding a virtual charter school, that is located within the
	12507	+	20 attendance area of the school corporation, to be used by the charter
	12508	+	21 school for the purposes described in IC 20-40-20-6(a).
	12509	+	22 (c) This subsection applies to a resolution described in subsection
	12510	+	23 (a) that is adopted after May 10, 2023, in a county described in section
	12511	+	24 22(a) of this chapter. A resolution shall specify that a portion of the
	12512	+	25 proceeds of the proposed levy will be distributed to applicable charter
	12513	+	26 schools in the manner described under section 22 of this chapter if the
	12514	+	27 charter school voluntarily elects to participate in the referendum in the
	12515	+	28 manner described in subsection (i).
	12516	+	29 (d) This subsection applies to a resolution described in subsection
	12517	+	30 (a) that is adopted after May 10, 2023, in a county described in section
	12518	+	31 22(a) of this chapter. The resolution described in subsection (a) shall
	12519	+	32 include a projection of the amount that the school corporation expects
	12520	+	33 to be distributed to a particular charter school, excluding virtual charter
	12521	+	34 schools or adult high schools, under section 22 of this chapter that
	12522	+	35 elects to participate in the referendum under subsection (i). At least
	12523	+	36 sixty (60) days before the resolution described in subsection (a) is
	12524	+	37 voted on by the governing body, the school corporation shall contact
	12525	+	38 the department to determine the number of students in kindergarten
	12526	+	39 through grade 12 who have legal settlement in the school corporation
	12527	+	40 but attend a charter school, excluding virtual charter schools or adult
	12528	+	41 high schools, and who receive not more than fifty percent (50%) virtual
	12529	+	42 instruction. The department shall provide the school corporation with
	12530	+	ES 1—LS 7244/DI 120 289
	12531	+	1 the number of students with legal settlement in the school corporation
	12532	+	2 who attend a charter school, which shall be disaggregated for each
	12533	+	3 particular charter school, excluding a virtual charter school or adult
	12534	+	4 high school. The projection may include an expected increase in
	12535	+	5 charter schools during the term the levy is imposed. The department of
	12536	+	6 local government finance shall prescribe the manner in which the
	12537	+	7 projection shall be calculated. The governing body shall take into
	12538	+	8 consideration the projection when adopting the revenue spending plan
	12539	+	9 under subsection (g).
	12540	+	10 (e) The governing body of the school corporation shall certify a
	12541	+	11 copy of the resolution to the following:
	12542	+	12 (1) The department of local government finance, including:
	12543	+	13 (A) the language for the question required by section 9 of this
	12544	+	14 chapter, or in the case of a resolution to extend a referendum
	12545	+	15 levy certified to the department of local government finance,
	12546	+	16 section 10 of this chapter; and
	12547	+	17 (B) a copy of the revenue spending plan adopted under
	12548	+	18 subsection (g).
	12549	+	19 The language of the public question must include the estimated
	12550	+	20 average percentage increases certified by the county auditor under
	12551	+	21 section 9(d) or 10(f) of this chapter, as applicable. The governing
	12552	+	22 body of the school corporation shall also provide the county
	12553	+	23 auditor's certification described in section 9(d) or 10(f) of this
	12554	+	24 chapter, as applicable. The department of local government
	12555	+	25 finance shall post the values certified by the county auditor to the
	12556	+	26 department's website. The department shall review the language
	12557	+	27 for compliance with section 9 or 10 of this chapter, whichever is
	12558	+	28 applicable, and either approve or reject the language. The
	12559	+	29 department shall send its decision to the governing body of the
	12560	+	30 school corporation not more than ten (10) days after both the
	12561	+	31 certification of the county auditor described in section 9(d) or
	12562	+	32 10(f) of this chapter, as applicable, and the resolution is are
	12563	+	33 submitted to the department. If the language is approved, the
	12564	+	34 governing body of the school corporation shall certify a copy of
	12565	+	35 the resolution, including the language for the question and the
	12566	+	36 department's approval.
	12567	+	37 (2) The county fiscal body of each county in which the school
	12568	+	38 corporation is located (for informational purposes only).
	12569	+	39 (3) The circuit court clerk of each county in which the school
	12570	+	40 corporation is located.
	12571	+	41 (f) Except as provided in section 22 of this chapter, the resolution
	12572	+	42 described in subsection (a) must indicate whether proceeds in the
	12573	+	ES 1—LS 7244/DI 120 290
	12574	+	1 school corporation's fund collected from a tax levy under this chapter
	12575	+	2 will be used to provide a distribution to a charter school or charter
	12576	+	3 schools, excluding a virtual charter school, under IC 20-40-20-6(b) as
	12577	+	4 well as the amount that will be distributed to the particular charter
	12578	+	5 school or charter schools. A school corporation may request from the
	12579	+	6 designated charter school or charter schools any financial
	12580	+	7 documentation necessary to demonstrate the financial need of the
	12581	+	8 charter school or charter schools.
	12582	+	9 (g) As part of the resolution described in subsection (a), the
	12583	+	10 governing body of the school corporation shall adopt a revenue
	12584	+	11 spending plan for the proposed referendum tax levy that includes:
	12585	+	12 (1) an estimate of the amount of annual revenue expected to be
	12586	+	13 collected if a levy is imposed under this chapter;
	12587	+	14 (2) the specific purposes described in IC 20-40-20-6 for which the
	12588	+	15 revenue collected from a levy imposed under this chapter will be
	12589	+	16 used;
	12590	+	17 (3) an estimate of the annual dollar amounts that will be expended
	12591	+	18 for each purpose described in subdivision (2); and
	12592	+	19 (4) for a resolution for a referendum that is adopted after May 10,
	12593	+	20 2023, for a county described in section 22(a) of this chapter, the
	12594	+	21 projected revenue that shall be distributed to charter schools as
	12595	+	22 provided in subsection (d). The revenue spending plan shall also
	12596	+	23 take into consideration deviations in the proposed revenue
	12597	+	24 spending plan if the actual charter school distributions exceed or
	12598	+	25 are lower than the projected charter school distributions described
	12599	+	26 in subsection (d). The resolution shall include for each charter
	12600	+	27 school that elects to participate under subsection (i) information
	12601	+	28 described in subdivisions (1) through (3).
	12602	+	29 (h) A school corporation shall specify in its proposed budget the
	12603	+	30 school corporation's revenue spending plan adopted under subsection
	12604	+	31 (g) and annually present the revenue spending plan at its public hearing
	12605	+	32 on the proposed budget under IC 6-1.1-17-3.
	12606	+	33 (i) This subsection applies to a resolution described in subsection
	12607	+	34 (a) for a county described in section 22(a) of this chapter that is
	12608	+	35 adopted after May 10, 2023. At least forty-five (45) days before the
	12609	+	36 resolution described in subsection (a) is voted on by the governing
	12610	+	37 body, the school corporation shall contact each charter school,
	12611	+	38 excluding virtual charter schools or adult high schools, disclosed by the
	12612	+	39 department to the school corporation under subsection (f) to determine
	12613	+	40 whether the charter school will participate in the referendum. The
	12614	+	41 notice must include the total amount of the school corporation's
	12615	+	42 expected need, the corresponding estimate of that amount divided by
	12616	+	ES 1—LS 7244/DI 120 291
	12617	+	1 the number of students enrolled in the school corporation, and the date
	12618	+	2 on which the governing body of the school corporation will vote on the
	12619	+	3 resolution. The charter school must respond in writing to the school
	12620	+	4 corporation, which may be by electronic mail addressed to the
	12621	+	5 superintendent of the school corporation, at least fifteen (15) days
	12622	+	6 prior to the date that the resolution described in subsection (a) is to be
	12623	+	7 voted on by the governing body. If the charter school elects to not
	12624	+	8 participate in the referendum, the school corporation may exclude
	12625	+	9 distributions to the charter school under section 22 of this chapter and
	12626	+	10 from the projection described in subsection (d). If the charter school
	12627	+	11 elects to participate in the referendum, the charter school may receive
	12628	+	12 distributions under section 22 of this chapter and must be included in
	12629	+	13 the projection described in subsection (d). In addition, a charter school
	12630	+	14 that elects to participate in the referendum under this subsection shall
	12631	+	15 contribute a proportionate share of the cost to conduct the referendum
	12632	+	16 based on the total combined ADM of the school corporation and any
	12633	+	17 participating charter schools.
	12634	+	18 (j) This subsection applies to a resolution described in subsection
	12635	+	19 (a) for a county described in section 22(a) of this chapter that is
	12636	+	20 adopted after May 10, 2023. At least thirty (30) days before the
	12637	+	21 resolution described in subsection (a) referendum submitted to the
	12638	+	22 voters under this chapter is voted on by the governing body, public in
	12639	+	23 a primary or general election, the school corporation that is pursuing
	12640	+	24 the resolution referendum and any charter school that has elected to
	12641	+	25 participate under subsection (i) shall post a referendum disclosure
	12642	+	26 statement on each school's respective website that contains the
	12643	+	27 following information:
	12644	+	28 (1) The salaries of all employees employed by position within the
	12645	+	29 school corporation or charter school listed from highest salary to
	12646	+	30 lowest salary and a link to Gateway Indiana for access to
	12647	+	31 individual salaries.
	12648	+	32 (2) An acknowledgment that the school corporation or charter
	12649	+	33 school is not committing any crime described in IC 35-44.1-1.
	12650	+	34 (3) A link to the school corporation's or charter school's most
	12651	+	35 recent state board of accounts audit on the state board of accounts'
	12652	+	36 website.
	12653	+	37 (4) The current enrollment of the school corporation or charter
	12654	+	38 school disaggregated by student group and race.
	12655	+	39 (5) The school corporation's or charter school's high school
	12656	+	40 graduation rate.
	12657	+	41 (6) The school corporation's or charter school's annual retention
	12658	+	42 rate for teachers for the previous five (5) years.
	12659	+	ES 1—LS 7244/DI 120 292
	12660	+	1 SECTION 228. IC 20-46-9-9, AS AMENDED BY P.L.189-2023,
	12661	+	2 SECTION 37, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	12662	+	3 JANUARY 1, 2026]: Sec. 9. (a) The question to be submitted to the
	12663	+	4 voters in the referendum must read as follows:
	12664	+	5 "Shall the school corporation increase property taxes paid to
	12665	+	6 schools by homeowners and businesses for _____ (insert number
	12666	+	7 of years) years immediately following the holding of the
	12667	+	8 referendum for the purpose of funding ______ (insert short
	12668	+	9 description of purposes)? If this public question is approved by
	12669	+	10 the voters, the average property tax paid to schools per year on a
	12670	+	11 residence would increase by ______% (insert the estimated
	12671	+	12 average percentage of property tax increase paid to schools on a
	12672	+	13 residence within the school corporation as determined under
	12673	+	14 subsection (b)) and the average property tax paid to schools per
	12674	+	15 year on a business property would increase by ______% (insert
	12675	+	16 the estimated average percentage of property tax increase paid to
	12676	+	17 schools on a business property within the school corporation as
	12677	+	18 determined under subsection (c)). The most recent property tax
	12678	+	19 referendum proposed by the school corporation was held in
	12679	+	20 ______ (insert year) and ________ (insert whether the measure
	12680	+	21 passed or failed).".
	12681	+	22 "Shall ________ (insert the name of the school corporation)
	12682	+	23 increase property taxes paid to the school corporation for no
	12683	+	24 more than ______ (insert the number of years immediately
	12684	+	25 following the holding of the referendum) years for the
	12685	+	26 purpose of funding _______ (insert a brief description of the
	12686	+	27 purposes) by imposing a property tax rate that does not
	12687	+	28 exceed ______ (insert property tax rate) and results in a
	12688	+	29 maximum annual amount that does not exceed ______ (insert
	12689	+	30 maximum amount of annual levy). If this school safety
	12690	+	31 referendum public question is approved by the voters, for a
	12691	+	32 median residence of ______ (insert the school corporation's
	12692	+	33 median household assessed value, rounded up to the next fifty
	12693	+	34 thousand dollars ($50,000)), the property's annual property
	12694	+	35 tax bill would increase by ______ (insert dollar amount,
	12695	+	36 rounded up to the next whole dollar) per year. (If, in the
	12696	+	37 previous five (5) years, the school corporation has conducted
	12697	+	38 a school safety referendum public question, the following shall
	12698	+	39 also be included in the ballot language.) The most recent
	12699	+	40 school safety referendum public question proposed by the
	12700	+	41 school corporation was held in ______ (insert year) and
	12701	+	42 ______ (insert whether the measure passed or failed).".
	12702	+	ES 1—LS 7244/DI 120 293
	12703	+	1 (b) At the request of the governing body of a school corporation that
	12704	+	2 proposes to impose property taxes under this chapter, the county
	12705	+	3 auditor of the county in which the school corporation is located shall
	12706	+	4 determine the estimated average percentage of property tax increase on
	12707	+	5 a homestead to be paid to the school corporation that must be included
	12708	+	6 in the public question under subsection (a) as follows:
	12709	+	7 STEP ONE: Determine the average assessed value of a homestead
	12710	+	8 located within the school corporation.
	12711	+	9 STEP TWO: For purposes of determining the net assessed value
	12712	+	10 of the average homestead located within the school corporation,
	12713	+	11 subtract:
	12714	+	12 (A) an amount for the homestead standard deduction under
	12715	+	13 IC 6-1.1-12-37 as if the homestead described in STEP ONE
	12716	+	14 was eligible for the deduction; and
	12717	+	15 (B) an amount for the supplemental homestead deduction
	12718	+	16 under IC 6-1.1-12-37.5 as if the homestead described in STEP
	12719	+	17 ONE was eligible for the deduction;
	12720	+	18 from the result of STEP ONE.
	12721	+	19 STEP THREE: Divide the result of STEP TWO by one hundred
	12722	+	20 (100).
	12723	+	21 STEP FOUR: Determine the overall average tax rate per one
	12724	+	22 hundred dollars ($100) of assessed valuation for the current year
	12725	+	23 imposed on property located within the school corporation.
	12726	+	24 STEP FIVE: For purposes of determining net property tax liability
	12727	+	25 of the average homestead located within the school corporation:
	12728	+	26 (A) multiply the result of STEP THREE by the result of STEP
	12729	+	27 FOUR; and
	12730	+	28 (B) as appropriate, apply any currently applicable county
	12731	+	29 property tax credit rates and the credit for excessive property
	12732	+	30 taxes under IC 6-1.1-20.6-7.5(a)(1).
	12733	+	31 STEP SIX: Determine the amount of the school corporation's part
	12734	+	32 of the result determined in STEP FIVE.
	12735	+	33 STEP SEVEN: Multiply:
	12736	+	34 (A) the tax rate that will be imposed if the public question is
	12737	+	35 approved by the voters; by
	12738	+	36 (B) the result of STEP THREE.
	12739	+	37 STEP EIGHT: Divide the result of STEP SEVEN by the result of
	12740	+	38 STEP SIX, expressed as a percentage.
	12741	+	39 (c) At the request of the governing body of a school corporation that
	12742	+	40 proposes to impose property taxes under this chapter, the county
	12743	+	41 auditor of the county in which the school corporation is located shall
	12744	+	42 determine the estimated average percentage of property tax increase on
	12745	+	ES 1—LS 7244/DI 120 294
	12746	+	1 a business property to be paid to the school corporation that must be
	12747	+	2 included in the public question under subsection (a) as follows:
	12748	+	3 STEP ONE: Determine the average assessed value of business
	12749	+	4 property located within the school corporation.
	12750	+	5 STEP TWO: Divide the result of STEP ONE by one hundred
	12751	+	6 (100).
	12752	+	7 STEP THREE: Determine the overall average tax rate per one
	12753	+	8 hundred dollars ($100) of assessed valuation for the current year
	12754	+	9 imposed on property located within the school corporation.
	12755	+	10 STEP FOUR: For purposes of determining net property tax
	12756	+	11 liability of the average business property located within the school
	12757	+	12 corporation:
	12758	+	13 (A) multiply the result of STEP TWO by the result of STEP
	12759	+	14 THREE; and
	12760	+	15 (B) as appropriate, apply any currently applicable county
	12761	+	16 property tax credit rates and the credit for excessive property
	12762	+	17 taxes under IC 6-1.1-20.6-7.5 as if the applicable percentage
	12763	+	18 was three percent (3%).
	12764	+	19 STEP FIVE: Determine the amount of the school corporation's
	12765	+	20 part of the result determined in STEP FOUR.
	12766	+	21 STEP SIX: Multiply:
	12767	+	22 (A) the result of STEP TWO; by
	12768	+	23 (B) the tax rate that will be imposed if the public question is
	12769	+	24 approved by the voters.
	12770	+	25 STEP SEVEN: Divide the result of STEP SIX by the result of
	12771	+	26 STEP FIVE, expressed as a percentage.
	12772	+	27 (d) The county auditor shall certify the estimated average
	12773	+	28 percentage of property tax increase on a homestead to be paid to
	12774	+	29 schools determined under subsection (b), and the estimated average
	12775	+	30 percentage of property tax increase on a business property to be paid
	12776	+	31 to schools determined under subsection (c), in a manner prescribed by
	12777	+	32 the department of local government finance, and provide the
	12778	+	33 certification to the governing body of the school corporation that
	12779	+	34 proposes to impose property taxes.
	12780	+	35 SECTION 229. IC 20-46-9-10, AS AMENDED BY P.L.236-2023,
	12781	+	36 SECTION 156, IS AMENDED TO READ AS FOLLOWS
	12782	+	37 [EFFECTIVE JANUARY 1, 2026]: Sec. 10. (a) This section applies
	12783	+	38 only to a referendum to allow a school corporation to extend a
	12784	+	39 referendum tax levy.
	12785	+	40 (b) The question to be submitted to the voters in the referendum
	12786	+	41 must read as follows:
	12787	+	42 "Shall the school corporation continue to impose increased
	12788	+	ES 1—LS 7244/DI 120 295
	12789	+	1 property taxes paid to the school corporation by homeowners and
	12790	+	2 businesses for _____ (insert number of years) years immediately
	12791	+	3 following the holding of the referendum for the purpose of
	12792	+	4 funding ______ (insert short description of purposes)? The
	12793	+	5 property tax increase requested in this referendum was originally
	12794	+	6 approved by the voters in _______ (insert the year in which the
	12795	+	7 referendum tax levy was approved) and if extended will increase
	12796	+	8 the average property tax paid to the school corporation per year on
	12797	+	9 a residence within the school corporation by ______% (insert the
	12798	+	10 estimated average percentage of property tax increase on a
	12799	+	11 residence within the school corporation) and if extended will
	12800	+	12 increase the average property tax paid to the school corporation
	12801	+	13 per year on a business property within the school corporation by
	12802	+	14 ______% (insert the estimated average percentage of property tax
	12803	+	15 increase on a business within the school corporation).".
	12804	+	16 "Shall _______ (insert the name of the school corporation)
	12805	+	17 continue to increase property taxes paid to the school
	12806	+	18 corporation for no more than _____ (insert the number of
	12807	+	19 years immediately following the holding of the referendum)
	12808	+	20 years for the purpose of funding _____________ (insert brief
	12809	+	21 description of the purposes) by imposing a property tax rate
	12810	+	22 that does not exceed ______ (insert property tax rate) and
	12811	+	23 results in a maximum annual amount that does not exceed
	12812	+	24 ______ (insert maximum amount of annual levy). If this
	12813	+	25 school safety referendum public question is NOT approved by
	12814	+	26 the voters, for a median residence of __________ (insert the
	12815	+	27 school corporation's median household assessed value,
	12816	+	28 rounded up to the next fifty thousand dollars ($50,000)), the
	12817	+	29 property's annual tax bill would decrease by ______ (insert
	12818	+	30 dollar amount, rounded up to the next whole dollar) per year.
	12819	+	31 If this school safety referendum public question is approved
	12820	+	32 by the voters, it would be a renewal of the most recent school
	12821	+	33 safety referendum public question passed in ______ (insert
	12822	+	34 year the original operating referendum public question
	12823	+	35 passed) with a property tax rate of ______ (insert property
	12824	+	36 tax rate of the original school safety referendum public
	12825	+	37 question).".
	12826	+	38 (c) The number of years for which a referendum tax levy may be
	12827	+	39 extended if the public question under this section is approved may not
	12828	+	40 exceed the number of years for which the expiring referendum tax levy
	12829	+	41 was imposed.
	12830	+	42 (d) At the request of the governing body of a school corporation that
	12831	+	ES 1—LS 7244/DI 120 296
	12832	+	1 proposes to impose property taxes under this chapter, the county
	12833	+	2 auditor of the county in which the school corporation is located shall
	12834	+	3 determine the estimated average percentage of property tax increase on
	12835	+	4 a homestead to be paid to the school corporation that must be included
	12836	+	5 in the public question under subsection (b) as follows:
	12837	+	6 STEP ONE: Determine the average assessed value of a homestead
	12838	+	7 located within the school corporation.
	12839	+	8 STEP TWO: For purposes of determining the net assessed value
	12840	+	9 of the average homestead located within the school corporation,
	12841	+	10 subtract:
	12842	+	11 (A) an amount for the homestead standard deduction under
	12843	+	12 IC 6-1.1-12-37 as if the homestead described in STEP ONE
	12844	+	13 was eligible for the deduction; and
	12845	+	14 (B) an amount for the supplemental homestead deduction
	12846	+	15 under IC 6-1.1-12-37.5 as if the homestead described in STEP
	12847	+	16 ONE was eligible for the deduction;
	12848	+	17 from the result of STEP ONE.
	12849	+	18 STEP THREE: Divide the result of STEP TWO by one hundred
	12850	+	19 (100).
	12851	+	20 STEP FOUR: Determine the overall average tax rate per one
	12852	+	21 hundred dollars ($100) of assessed valuation for the current year
	12853	+	22 imposed on property located within the school corporation.
	12854	+	23 STEP FIVE: For purposes of determining net property tax liability
	12855	+	24 of the average homestead located within the school corporation:
	12856	+	25 (A) multiply the result of STEP THREE by the result of STEP
	12857	+	26 FOUR; and
	12858	+	27 (B) as appropriate, apply any currently applicable county
	12859	+	28 property tax credit rates and the credit for excessive property
	12860	+	29 taxes under IC 6-1.1-20.6-7.5(a)(1).
	12861	+	30 STEP SIX: Determine the amount of the school corporation's part
	12862	+	31 of the result determined in STEP FIVE.
	12863	+	32 STEP SEVEN: Multiply:
	12864	+	33 (A) the tax rate that will be imposed if the public question is
	12865	+	34 approved by the voters; by
	12866	+	35 (B) the result of STEP THREE.
	12867	+	36 STEP EIGHT: Divide the result of STEP SEVEN by the result of
	12868	+	37 STEP SIX, expressed as a percentage.
	12869	+	38 (e) At the request of the governing body of a school corporation that
	12870	+	39 proposes to impose property taxes under this chapter, the county
	12871	+	40 auditor of the county in which the school corporation is located shall
	12872	+	41 determine the estimated average percentage of property tax increase on
	12873	+	42 a business property to be paid to the school corporation that must be
	12874	+	ES 1—LS 7244/DI 120 297
	12875	+	1 included in the public question under subsection (b) as follows:
	12876	+	2 STEP ONE: Determine the average assessed value of business
	12877	+	3 property located within the school corporation.
	12878	+	4 STEP TWO: Divide the result of STEP ONE by one hundred
	12879	+	5 (100).
	12880	+	6 STEP THREE: Determine the overall average tax rate per one
	12881	+	7 hundred dollars ($100) of assessed valuation for the current year
	12882	+	8 imposed on property located within the school corporation.
	12883	+	9 STEP FOUR: For purposes of determining net property tax
	12884	+	10 liability of the average business property located within the school
	12885	+	11 corporation:
	12886	+	12 (A) multiply the result of STEP TWO by the result of STEP
	12887	+	13 THREE; and
	12888	+	14 (B) as appropriate, apply any currently applicable county
	12889	+	15 property tax credit rates and the credit for excessive property
	12890	+	16 taxes under IC 6-1.1-20.6-7.5 as if the applicable percentage
	12891	+	17 was three percent (3%).
	12892	+	18 STEP FIVE: Determine the amount of the school corporation's
	12893	+	19 part of the result determined in STEP FOUR.
	12894	+	20 STEP SIX: Multiply:
	12895	+	21 (A) the result of STEP TWO; by
	12896	+	22 (B) the tax rate that will be imposed if the public question is
	12897	+	23 approved by the voters.
	12898	+	24 STEP SEVEN: Divide the result of STEP SIX by the result of
	12899	+	25 STEP FIVE, expressed as a percentage.
	12900	+	26 (f) The county auditor shall certify the estimated average percentage
	12901	+	27 of property tax increase on a homestead to be paid to the school
	12902	+	28 corporation determined under subsection (d), and the estimated average
	12903	+	29 percentage of property tax increase on a business property to be paid
	12904	+	30 to the school corporation determined under subsection (e), in a manner
	12905	+	31 prescribed by the department of local government finance, and provide
	12906	+	32 the certification to the governing body of the school corporation that
	12907	+	33 proposes to impose property taxes.
	12908	+	34 SECTION 230. IC 20-46-9-10.5 IS ADDED TO THE INDIANA
	12909	+	35 CODE AS A NEW SECTION TO READ AS FOLLOWS
	12910	+	36 [EFFECTIVE JULY 1, 2025]: Sec. 10.5. Each year, the county
	12911	+	37 auditor, with cooperation from the department of local
	12912	+	38 government finance, shall determine the tax rate needed to raise
	12913	+	39 the maximum amount of the annual levy for the year as described
	12914	+	40 under section 9 or 10 of this chapter, as applicable, and shall
	12915	+	41 determine all other information needed for the ballot language in
	12916	+	42 those sections.
	12917	+	ES 1—LS 7244/DI 120 298
	12918	+	1 SECTION 231. IC 20-46-9-14, AS AMENDED BY P.L.227-2023,
	12919	+	2 SECTION 136, IS AMENDED TO READ AS FOLLOWS
	12920	+	3 [EFFECTIVE JULY 1, 2025]: Sec. 14. (a) The referendum shall be
	12921	+	4 held in the next primary election general election, or municipal election
	12922	+	5 as provided under IC 3-10-9-3(b), in which all the registered voters
	12923	+	6 who are residents of the school corporation are entitled to vote after
	12924	+	7 certification of the question. under IC 3-10-9-3. The certification of the
	12925	+	8 question must occur not later than noon
	12926	+	9 (1) seventy-four (74) days before a primary election if the
	12927	+	10 question is to be placed on the primary or municipal primary
	12928	+	11 election ballot; or
	12929	+	12 (2) August 1. if the question is to be placed on the general or
	12930	+	13 municipal election ballot.
	12931	+	14 (b) However, if a primary election, general election, or municipal
	12932	+	15 election will not be held during the first year in which the public
	12933	+	16 question is eligible to be placed on the ballot under this chapter and if
	12934	+	17 the school corporation requests the public question to be placed on the
	12935	+	18 ballot at a special election, the public question shall be placed on the
	12936	+	19 ballot at a special election to be held on the first Tuesday after the first
	12937	+	20 Monday in May or November of the year. The certification must occur
	12938	+	21 not later than noon:
	12939	+	22 (1) seventy-four (74) days before a special election to be held in
	12940	+	23 May (if the special election is to be held in May); or
	12941	+	24 (2) August 1 (if the special election is to be held in November).
	12942	+	25 (c) If the referendum is not conducted at a primary election, general
	12943	+	26 election, or municipal election, the school corporation in which the
	12944	+	27 referendum is to be held shall pay all the costs of holding the
	12945	+	28 referendum.
	12946	+	29 SECTION 232. IC 20-46-9-22, AS ADDED BY P.L.189-2023,
	12947	+	30 SECTION 38, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	12948	+	31 JULY 1, 2025]: Sec. 22. (a) This section:
	12949	+	32 (1) applies to revenue received from a resolution that is approved
	12950	+	33 by the governing body to impose a referendum levy under section
	12951	+	34 6 or 7 of this chapter after May 10, 2023, for a school corporation
	12952	+	35 located in:
	12953	+	36 (1) (A) Lake County;
	12954	+	37 (2) (B) Marion County;
	12955	+	38 (3) (C) St. Joseph County; or
	12956	+	39 (4) (D) Vanderburgh County;
	12957	+	40 through the full term of the referendum levy; and
	12958	+	41 (2) does not apply to revenue received from a referendum levy
	12959	+	42 if:
	12960	+	ES 1—LS 7244/DI 120 299
	12961	+	1 (A) the governing body of the school corporation approves
	12962	+	2 the referendum levy in a resolution adopted under section
	12963	+	3 6 or 7 of this chapter; and
	12964	+	4 (B) the referendum levy is imposed for the first time with
	12965	+	5 property taxes first due and payable in a calendar year
	12966	+	6 beginning after December 31, 2027.
	12967	+	7 (b) The county auditor shall distribute an amount under subsection
	12968	+	8 (d) to each charter school, excluding virtual charter schools or adult
	12969	+	9 high schools, that a student who resides within the attendance area of
	12970	+	10 the school corporation attends if the charter school, excluding virtual
	12971	+	11 charter schools or adult high schools, elects to participate in the
	12972	+	12 referendum under section 6(i) of this chapter. The department shall
	12973	+	13 provide the county auditor with data and information necessary for the
	12974	+	14 county auditor to determine:
	12975	+	15 (1) which charter schools, excluding virtual charter schools or
	12976	+	16 adult high schools, are eligible to receive a distribution under this
	12977	+	17 section; and
	12978	+	18 (2) the number of all students who reside within the attendance
	12979	+	19 area of the school corporation who are included in the ADM for
	12980	+	20 each charter school, excluding virtual charter schools or adult
	12981	+	21 high schools, described in subdivision (1).
	12982	+	22 (c) The following schools are not eligible to receive a distribution
	12983	+	23 under this section:
	12984	+	24 (1) A virtual charter school.
	12985	+	25 (2) An adult high school.
	12986	+	26 (d) For the purposes of the calculations made in this subsection,
	12987	+	27 each eligible school that has entered into an agreement with a school
	12988	+	28 corporation to participate as a participating innovation network charter
	12989	+	29 school under IC 20-25.7-5 is considered to have an ADM that is
	12990	+	30 separate from the school corporation. The amount that the county
	12991	+	31 auditor shall distribute to a charter school, excluding virtual charter
	12992	+	32 schools or adult high schools, under this section is the amount
	12993	+	33 determined in the last STEP of the following STEPS:
	12994	+	34 STEP ONE: Determine, for each charter school, excluding virtual
	12995	+	35 charter schools or adult high schools, that is eligible to receive a
	12996	+	36 distribution under this section, the number of students who reside
	12997	+	37 within the attendance area of the school corporation who are
	12998	+	38 currently included in the ADM of the charter school.
	12999	+	39 STEP TWO: Determine the sum of:
	13000	+	40 (A) the current ADM count for the school corporation; plus
	13001	+	41 (B) the total number of students who reside within the
	13002	+	42 attendance area of the school corporation who are currently
	13003	+	ES 1—LS 7244/DI 120 300
	13004	+	1 included in the ADM of a charter school, excluding virtual
	13005	+	2 charter schools or adult high schools.
	13006	+	3 STEP THREE: Determine the result of:
	13007	+	4 (A) the STEP ONE amount; divided by
	13008	+	5 (B) the STEP TWO amount.
	13009	+	6 STEP FOUR: Determine the result of:
	13010	+	7 (A) the STEP THREE amount; multiplied by
	13011	+	8 (B) the amount collected by the county auditor during the most
	13012	+	9 recent installment period.
	13013	+	10 (e) If a charter school receives a distribution under this section, the
	13014	+	11 distribution may be used only for the purposes described in
	13015	+	12 IC 20-40-20-6(a).
	13016	+	13 SECTION 233. IC 36-1-8-5.1, AS AMENDED BY P.L.38-2021,
	13017	+	14 SECTION 79, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	13018	+	15 JULY 1, 2026]: Sec. 5.1. (a) A political subdivision may establish a
	13019	+	16 rainy day fund by the adoption of:
	13020	+	17 (1) an ordinance, in the case of a county, city, or town; or
	13021	+	18 (2) a resolution, in the case of any other political subdivision.
	13022	+	19 (b) An ordinance or a resolution adopted under this section must
	13023	+	20 specify the following:
	13024	+	21 (1) The purposes of the rainy day fund.
	13025	+	22 (2) The sources of funding for the rainy day fund, which may
	13026	+	23 include the following:
	13027	+	24 (A) Unused and unencumbered funds under
	13028	+	25 (i) section 5 of this chapter. or
	13029	+	26 (ii) IC 6-3.6-9-15.
	13030	+	27 (B) Any other funding source:
	13031	+	28 (i) specified in the ordinance or resolution adopted under
	13032	+	29 this section; and
	13033	+	30 (ii) not otherwise prohibited by law.
	13034	+	31 (c) The rainy day fund is subject to the same appropriation process
	13035	+	32 as other funds that receive tax money.
	13036	+	33 (d) In any fiscal year, a political subdivision may, at any time, do the
	13037	+	34 following:
	13038	+	35 (1) Transfer any unused and unencumbered funds specified in
	13039	+	36 subsection (b)(2)(A) from any fiscal year to the rainy day fund.
	13040	+	37 (2) Transfer any other unobligated cash balances from any fiscal
	13041	+	38 year that are not otherwise identified in subsection (b)(2)(A) or
	13042	+	39 section 5 of this chapter to the rainy day fund as long as the
	13043	+	40 transfer satisfies the following requirements:
	13044	+	41 (A) The amount of the transfer is authorized by and identified
	13045	+	42 in an ordinance or resolution.
	13046	+	ES 1—LS 7244/DI 120 301
	13047	+	1 (B) The amount of the transfer is not more than:
	13048	+	2 (i) before January 1, 2021, ten percent (10%);
	13049	+	3 (ii) after December 31, 2020, and before January 1, 2025,
	13050	+	4 fifteen percent (15%); and
	13051	+	5 (iii) after December 31, 2024, ten percent (10%);
	13052	+	6 of the political subdivision's total annual budget adopted under
	13053	+	7 IC 6-1.1-17 for that fiscal year.
	13054	+	8 (C) The transfer is not made from a debt service fund.
	13055	+	9 (e) A political subdivision may use only the funding sources
	13056	+	10 specified in subsection (b)(2)(A) or in the ordinance or resolution
	13057	+	11 establishing the rainy day fund. The political subdivision may adopt a
	13058	+	12 subsequent ordinance or resolution authorizing the use of another
	13059	+	13 funding source.
	13060	+	14 (f) The department of local government finance may not reduce the
	13061	+	15 actual or maximum permissible levy of a political subdivision as a
	13062	+	16 result of a balance in the rainy day fund of the political subdivision.
	13063	+	17 (g) A county, city, or town may at any time, by ordinance or
	13064	+	18 resolution, transfer to:
	13065	+	19 (1) its general fund; or
	13066	+	20 (2) any other appropriated funds of the county, city, or town;
	13067	+	21 money that has been deposited in the rainy day fund of the county, city,
	13068	+	22 or town.
	13069	+	23 (h) A school corporation may at any time, by resolution, transfer to
	13070	+	24 its education fund or operations fund money that has been deposited in
	13071	+	25 its rainy day fund.
	13072	+	26 SECTION 234. IC 36-7-14-39, AS AMENDED BY P.L.136-2024,
	13073	+	27 SECTION 54, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	13074	+	28 JULY 1, 2027]: Sec. 39. (a) As used in this section:
	13075	+	29 "Allocation area" means that part of a redevelopment project area
	13076	+	30 to which an allocation provision of a declaratory resolution adopted
	13077	+	31 under section 15 of this chapter refers for purposes of distribution and
	13078	+	32 allocation of property taxes.
	13079	+	33 "Base assessed value" means, subject to subsection (j), the
	13080	+	34 following:
	13081	+	35 (1) If an allocation provision is adopted after June 30, 1995, in a
	13082	+	36 declaratory resolution or an amendment to a declaratory
	13083	+	37 resolution establishing an economic development area:
	13084	+	38 (A) the net assessed value of all the property as finally
	13085	+	39 determined for the assessment date immediately preceding the
	13086	+	40 effective date of the allocation provision of the declaratory
	13087	+	41 resolution, as adjusted under subsection (h); plus
	13088	+	42 (B) to the extent that it is not included in clause (A), the net
	13089	+	ES 1—LS 7244/DI 120 302
	13090	+	1 assessed value of property that is assessed as residential
	13091	+	2 property under the rules of the department of local government
	13092	+	3 finance, within the allocation area, as finally determined for
	13093	+	4 the current assessment date.
	13094	+	5 (2) If an allocation provision is adopted after June 30, 1997, in a
	13095	+	6 declaratory resolution or an amendment to a declaratory
	13096	+	7 resolution establishing a redevelopment project area:
	13097	+	8 (A) the net assessed value of all the property as finally
	13098	+	9 determined for the assessment date immediately preceding the
	13099	+	10 effective date of the allocation provision of the declaratory
	13100	+	11 resolution, as adjusted under subsection (h); plus
	13101	+	12 (B) to the extent that it is not included in clause (A), the net
	13102	+	13 assessed value of property that is assessed as residential
	13103	+	14 property under the rules of the department of local government
	13104	+	15 finance, as finally determined for the current assessment date.
	13105	+	16 (3) If:
	13106	+	17 (A) an allocation provision adopted before June 30, 1995, in
	13107	+	18 a declaratory resolution or an amendment to a declaratory
	13108	+	19 resolution establishing a redevelopment project area expires
	13109	+	20 after June 30, 1997; and
	13110	+	21 (B) after June 30, 1997, a new allocation provision is included
	13111	+	22 in an amendment to the declaratory resolution;
	13112	+	23 the net assessed value of all the property as finally determined for
	13113	+	24 the assessment date immediately preceding the effective date of
	13114	+	25 the allocation provision adopted after June 30, 1997, as adjusted
	13115	+	26 under subsection (h).
	13116	+	27 (4) Except as provided in subdivision (5), for all other allocation
	13117	+	28 areas, the net assessed value of all the property as finally
	13118	+	29 determined for the assessment date immediately preceding the
	13119	+	30 effective date of the allocation provision of the declaratory
	13120	+	31 resolution, as adjusted under subsection (h).
	13121	+	32 (5) If an allocation area established in an economic development
	13122	+	33 area before July 1, 1995, is expanded after June 30, 1995, the
	13123	+	34 definition in subdivision (1) applies to the expanded part of the
	13124	+	35 area added after June 30, 1995.
	13125	+	36 (6) If an allocation area established in a redevelopment project
	13126	+	37 area before July 1, 1997, is expanded after June 30, 1997, the
	13127	+	38 definition in subdivision (2) applies to the expanded part of the
	13128	+	39 area added after June 30, 1997.
	13129	+	40 Except as provided in section 39.3 of this chapter, "property taxes"
	13130	+	41 means taxes imposed under IC 6-1.1 on real property. However, upon
	13131	+	42 approval by a resolution of the redevelopment commission adopted
	13132	+	ES 1—LS 7244/DI 120 303
	13133	+	1 before June 1, 1987, "property taxes" also includes taxes imposed
	13134	+	2 under IC 6-1.1 on depreciable personal property. If a redevelopment
	13135	+	3 commission adopted before June 1, 1987, a resolution to include within
	13136	+	4 the definition of property taxes, taxes imposed under IC 6-1.1 on
	13137	+	5 depreciable personal property that has a useful life in excess of eight
	13138	+	6 (8) years, the commission may by resolution determine the percentage
	13139	+	7 of taxes imposed under IC 6-1.1 on all depreciable personal property
	13140	+	8 that will be included within the definition of property taxes. However,
	13141	+	9 the percentage included must not exceed twenty-five percent (25%) of
	13142	+	10 the taxes imposed under IC 6-1.1 on all depreciable personal property.
	13143	+	11 (b) A declaratory resolution adopted under section 15 of this chapter
	13144	+	12 on or before the allocation deadline determined under subsection (i)
	13145	+	13 may include a provision with respect to the allocation and distribution
	13146	+	14 of property taxes for the purposes and in the manner provided in this
	13147	+	15 section. A declaratory resolution previously adopted may include an
	13148	+	16 allocation provision by the amendment of that declaratory resolution on
	13149	+	17 or before the allocation deadline determined under subsection (i) in
	13150	+	18 accordance with the procedures required for its original adoption. A
	13151	+	19 declaratory resolution or amendment that establishes an allocation
	13152	+	20 provision must include a specific finding of fact, supported by
	13153	+	21 evidence, that the adoption of the allocation provision will result in
	13154	+	22 new property taxes in the area that would not have been generated but
	13155	+	23 for the adoption of the allocation provision. For an allocation area
	13156	+	24 established before July 1, 1995, the expiration date of any allocation
	13157	+	25 provisions for the allocation area is June 30, 2025, or the last date of
	13158	+	26 any obligations that are outstanding on July 1, 2015, whichever is later.
	13159	+	27 A declaratory resolution or an amendment that establishes an allocation
	13160	+	28 provision after June 30, 1995, must specify an expiration date for the
	13161	+	29 allocation provision. For an allocation area established before July 1,
	13162	+	30 2008, the expiration date may not be more than thirty (30) years after
	13163	+	31 the date on which the allocation provision is established. For an
	13164	+	32 allocation area established after June 30, 2008, the expiration date may
	13165	+	33 not be more than twenty-five (25) years after the date on which the first
	13166	+	34 obligation was incurred to pay principal and interest on bonds or lease
	13167	+	35 rentals on leases payable from tax increment revenues. However, with
	13168	+	36 respect to bonds or other obligations that were issued before July 1,
	13169	+	37 2008, if any of the bonds or other obligations that were scheduled when
	13170	+	38 issued to mature before the specified expiration date and that are
	13171	+	39 payable only from allocated tax proceeds with respect to the allocation
	13172	+	40 area remain outstanding as of the expiration date, the allocation
	13173	+	41 provision does not expire until all of the bonds or other obligations are
	13174	+	42 no longer outstanding. Notwithstanding any other law, in the case of an
	13175	+	ES 1—LS 7244/DI 120 304
	13176	+	1 allocation area that is established after June 30, 2019, and that is
	13177	+	2 located in a redevelopment project area described in section
	13178	+	3 25.1(c)(3)(C) of this chapter, an economic development area described
	13179	+	4 in section 25.1(c)(3)(C) of this chapter, or an urban renewal project
	13180	+	5 area described in section 25.1(c)(3)(C) of this chapter, the expiration
	13181	+	6 date of the allocation provision may not be more than thirty-five (35)
	13182	+	7 years after the date on which the allocation provision is established.
	13183	+	8 The allocation provision may apply to all or part of the redevelopment
	13184	+	9 project area. The allocation provision must require that any property
	13185	+	10 taxes subsequently levied by or for the benefit of any public body
	13186	+	11 entitled to a distribution of property taxes on taxable property in the
	13187	+	12 allocation area be allocated and distributed as follows:
	13188	+	13 (1) Except as otherwise provided in this section, the proceeds of
	13189	+	14 the taxes attributable to the lesser of:
	13190	+	15 (A) the assessed value of the property for the assessment date
	13191	+	16 with respect to which the allocation and distribution is made;
	13192	+	17 or
	13193	+	18 (B) the base assessed value;
	13194	+	19 shall be allocated to and, when collected, paid into the funds of
	13195	+	20 the respective taxing units.
	13196	+	21 (2) This subdivision applies to a fire protection territory
	13197	+	22 established after December 31, 2022. If a unit becomes a
	13198	+	23 participating unit of a fire protection territory that is established
	13199	+	24 after a declaratory resolution is adopted under section 15 of this
	13200	+	25 chapter, the excess of the proceeds of the property taxes
	13201	+	26 attributable to an increase in the property tax rate for the
	13202	+	27 participating unit of a fire protection territory:
	13203	+	28 (A) except as otherwise provided by this subdivision, shall be
	13204	+	29 determined as follows:
	13205	+	30 STEP ONE: Divide the unit's tax rate for fire protection for
	13206	+	31 the year before the establishment of the fire protection
	13207	+	32 territory by the participating unit's tax rate as part of the fire
	13208	+	33 protection territory.
	13209	+	34 STEP TWO: Subtract the STEP ONE amount from one (1).
	13210	+	35 STEP THREE: Multiply the STEP TWO amount by the
	13211	+	36 allocated property tax attributable to the participating unit of
	13212	+	37 the fire protection territory; and
	13213	+	38 (B) to the extent not otherwise included in subdivisions (1)
	13214	+	39 and (3), the amount determined under STEP THREE of clause
	13215	+	40 (A) shall be allocated to and distributed in the form of an
	13216	+	41 allocated property tax revenue pass back to the participating
	13217	+	42 unit of the fire protection territory for the assessment date with
	13218	+	ES 1—LS 7244/DI 120 305
	13219	+	1 respect to which the allocation is made.
	13220	+	2 However, if the redevelopment commission determines that it is
	13221	+	3 unable to meet its debt service obligations with regards to the
	13222	+	4 allocation area without all or part of the allocated property tax
	13223	+	5 revenue pass back to the participating unit of a fire protection area
	13224	+	6 under this subdivision, then the allocated property tax revenue
	13225	+	7 pass back under this subdivision shall be reduced by the amount
	13226	+	8 necessary for the redevelopment commission to meet its debt
	13227	+	9 service obligations of the allocation area. The calculation under
	13228	+	10 this subdivision must be made by the redevelopment commission
	13229	+	11 in collaboration with the county auditor and the applicable fire
	13230	+	12 protection territory. Any calculation determined according to
	13231	+	13 clause (A) must be submitted to the department of local
	13232	+	14 government finance in the manner prescribed by the department
	13233	+	15 of local government finance. The department of local government
	13234	+	16 finance shall verify the accuracy of each calculation.
	13235	+	17 (3) The excess of the proceeds of the property taxes imposed for
	13236	+	18 the assessment date with respect to which the allocation and
	13237	+	19 distribution is made that are attributable to taxes imposed after
	13238	+	20 being approved by the voters in a referendum or local public
	13239	+	21 question conducted after April 30, 2010, not otherwise included
	13240	+	22 in subdivisions (1) and (2) shall be allocated to and, when
	13241	+	23 collected, paid into the funds of the taxing unit for which the
	13242	+	24 referendum or local public question was conducted.
	13243	+	25 (4) Except as otherwise provided in this section, property tax
	13244	+	26 proceeds in excess of those described in subdivisions (1), (2), and
	13245	+	27 (3) shall be allocated to the redevelopment district and, when
	13246	+	28 collected, paid into an allocation fund for that allocation area that
	13247	+	29 may be used by the redevelopment district only to do one (1) or
	13248	+	30 more of the following:
	13249	+	31 (A) Pay the principal of and interest on any obligations
	13250	+	32 payable solely from allocated tax proceeds which are incurred
	13251	+	33 by the redevelopment district for the purpose of financing or
	13252	+	34 refinancing the redevelopment of that allocation area.
	13253	+	35 (B) Establish, augment, or restore the debt service reserve for
	13254	+	36 bonds payable solely or in part from allocated tax proceeds in
	13255	+	37 that allocation area.
	13256	+	38 (C) Pay the principal of and interest on bonds payable from
	13257	+	39 allocated tax proceeds in that allocation area and from the
	13258	+	40 special tax levied under section 27 of this chapter.
	13259	+	41 (D) Pay the principal of and interest on bonds issued by the
	13260	+	42 unit to pay for local public improvements that are physically
	13261	+	ES 1—LS 7244/DI 120 306
	13262	+	1 located in or physically connected to that allocation area.
	13263	+	2 (E) Pay premiums on the redemption before maturity of bonds
	13264	+	3 payable solely or in part from allocated tax proceeds in that
	13265	+	4 allocation area.
	13266	+	5 (F) Make payments on leases payable from allocated tax
	13267	+	6 proceeds in that allocation area under section 25.2 of this
	13268	+	7 chapter.
	13269	+	8 (G) Reimburse the unit for expenditures made by it for local
	13270	+	9 public improvements (which include buildings, parking
	13271	+	10 facilities, and other items described in section 25.1(a) of this
	13272	+	11 chapter) that are physically located in or physically connected
	13273	+	12 to that allocation area.
	13274	+	13 (H) Reimburse the unit for rentals paid by it for a building or
	13275	+	14 parking facility that is physically located in or physically
	13276	+	15 connected to that allocation area under any lease entered into
	13277	+	16 under IC 36-1-10.
	13278	+	17 (I) For property taxes first due and payable before January 1,
	13279	+	18 2009, pay all or a part of a property tax replacement credit to
	13280	+	19 taxpayers in an allocation area as determined by the
	13281	+	20 redevelopment commission. This credit equals the amount
	13282	+	21 determined under the following STEPS for each taxpayer in a
	13283	+	22 taxing district (as defined in IC 6-1.1-1-20) that contains all or
	13284	+	23 part of the allocation area:
	13285	+	24 STEP ONE: Determine that part of the sum of the amounts
	13286	+	25 under IC 6-1.1-21-2(g)(1)(A), IC 6-1.1-21-2(g)(2),
	13287	+	26 IC 6-1.1-21-2(g)(3), IC 6-1.1-21-2(g)(4), and
	13288	+	27 IC 6-1.1-21-2(g)(5) (before their repeal) that is attributable to
	13289	+	28 the taxing district.
	13290	+	29 STEP TWO: Divide:
	13291	+	30 (i) that part of each county's eligible property tax
	13292	+	31 replacement amount (as defined in IC 6-1.1-21-2 (before its
	13293	+	32 repeal)) for that year as determined under IC 6-1.1-21-4
	13294	+	33 (before its repeal) that is attributable to the taxing district;
	13295	+	34 by
	13296	+	35 (ii) the STEP ONE sum.
	13297	+	36 STEP THREE: Multiply:
	13298	+	37 (i) the STEP TWO quotient; times
	13299	+	38 (ii) the total amount of the taxpayer's taxes (as defined in
	13300	+	39 IC 6-1.1-21-2 (before its repeal)) levied in the taxing district
	13301	+	40 that have been allocated during that year to an allocation
	13302	+	41 fund under this section.
	13303	+	42 If not all the taxpayers in an allocation area receive the credit
	13304	+	ES 1—LS 7244/DI 120 307
	13305	+	1 in full, each taxpayer in the allocation area is entitled to
	13306	+	2 receive the same proportion of the credit. A taxpayer may not
	13307	+	3 receive a credit under this section and a credit under section
	13308	+	4 39.5 of this chapter (before its repeal) in the same year.
	13309	+	5 (J) Pay expenses incurred by the redevelopment commission
	13310	+	6 for local public improvements that are in the allocation area or
	13311	+	7 serving the allocation area. Public improvements include
	13312	+	8 buildings, parking facilities, and other items described in
	13313	+	9 section 25.1(a) of this chapter.
	13314	+	10 (K) Reimburse public and private entities for expenses
	13315	+	11 incurred in training employees of industrial facilities that are
	13316	+	12 located:
	13317	+	13 (i) in the allocation area; and
	13318	+	14 (ii) on a parcel of real property that has been classified as
	13319	+	15 industrial property under the rules of the department of local
	13320	+	16 government finance.
	13321	+	17 However, the total amount of money spent for this purpose in
	13322	+	18 any year may not exceed the total amount of money in the
	13323	+	19 allocation fund that is attributable to property taxes paid by the
	13324	+	20 industrial facilities described in this clause. The
	13325	+	21 reimbursements under this clause must be made within three
	13326	+	22 (3) years after the date on which the investments that are the
	13327	+	23 basis for the increment financing are made.
	13328	+	24 (L) Pay the costs of carrying out an eligible efficiency project
	13329	+	25 (as defined in IC 36-9-41-1.5) within the unit that established
	13330	+	26 the redevelopment commission. However, property tax
	13331	+	27 proceeds may be used under this clause to pay the costs of
	13332	+	28 carrying out an eligible efficiency project only if those
	13333	+	29 property tax proceeds exceed the amount necessary to do the
	13334	+	30 following:
	13335	+	31 (i) Make, when due, any payments required under clauses
	13336	+	32 (A) through (K), including any payments of principal and
	13337	+	33 interest on bonds and other obligations payable under this
	13338	+	34 subdivision, any payments of premiums under this
	13339	+	35 subdivision on the redemption before maturity of bonds, and
	13340	+	36 any payments on leases payable under this subdivision.
	13341	+	37 (ii) Make any reimbursements required under this
	13342	+	38 subdivision.
	13343	+	39 (iii) Pay any expenses required under this subdivision.
	13344	+	40 (iv) Establish, augment, or restore any debt service reserve
	13345	+	41 under this subdivision.
	13346	+	42 (M) Expend money and provide financial assistance as
	13347	+	ES 1—LS 7244/DI 120 308
	13348	+	1 authorized in section 12.2(a)(27) of this chapter.
	13349	+	2 (N) Expend revenues that are allocated for police and fire
	13350	+	3 services on both capital expenditures and operating expenses
	13351	+	4 as authorized in section 12.2(a)(28) of this chapter.
	13352	+	5 The allocation fund may not be used for operating expenses of the
	13353	+	6 commission.
	13354	+	7 (5) Except as provided in subsection (g), before June 15 of each
	13355	+	8 year, the commission shall do the following:
	13356	+	9 (A) Determine the amount, if any, by which the assessed value
	13357	+	10 of the taxable property in the allocation area for the most
	13358	+	11 recent assessment date minus the base assessed value, when
	13359	+	12 multiplied by the estimated tax rate of the allocation area, will
	13360	+	13 exceed the amount of assessed value needed to produce the
	13361	+	14 property taxes necessary to make, when due, principal and
	13362	+	15 interest payments on bonds described in subdivision (4), plus
	13363	+	16 the amount necessary for other purposes described in
	13364	+	17 subdivision (4).
	13365	+	18 (B) Provide a written notice to the county auditor, the fiscal
	13366	+	19 body of the county or municipality that established the
	13367	+	20 department of redevelopment, and the officers who are
	13368	+	21 authorized to fix budgets, tax rates, and tax levies under
	13369	+	22 IC 6-1.1-17-5 for each of the other taxing units that is wholly
	13370	+	23 or partly located within the allocation area. The county auditor,
	13371	+	24 upon receiving the notice, shall forward this notice (in an
	13372	+	25 electronic format) to the department of local government
	13373	+	26 finance not later than June 15 of each year. The notice must:
	13374	+	27 (i) state the amount, if any, of excess assessed value that the
	13375	+	28 commission has determined may be allocated to the
	13376	+	29 respective taxing units in the manner prescribed in
	13377	+	30 subdivision (1); or
	13378	+	31 (ii) state that the commission has determined that there is no
	13379	+	32 excess assessed value that may be allocated to the respective
	13380	+	33 taxing units in the manner prescribed in subdivision (1).
	13381	+	34 The county auditor shall allocate to the respective taxing units
	13382	+	35 the amount, if any, of excess assessed value determined by the
	13383	+	36 commission. The commission may not authorize an allocation
	13384	+	37 of assessed value to the respective taxing units under this
	13385	+	38 subdivision if to do so would endanger the interests of the
	13386	+	39 holders of bonds described in subdivision (4) or lessors under
	13387	+	40 section 25.3 of this chapter.
	13388	+	41 (C) If:
	13389	+	42 (i) the amount of excess assessed value determined by the
	13390	+	ES 1—LS 7244/DI 120 309
	13391	+	1 commission is expected to generate more than two hundred
	13392	+	2 percent (200%) of the amount of allocated tax proceeds
	13393	+	3 necessary to make, when due, principal and interest
	13394	+	4 payments on bonds described in subdivision (4); plus
	13395	+	5 (ii) the amount necessary for other purposes described in
	13396	+	6 subdivision (4);
	13397	+	7 the commission shall submit to the legislative body of the unit
	13398	+	8 its determination of the excess assessed value that the
	13399	+	9 commission proposes to allocate to the respective taxing units
	13400	+	10 in the manner prescribed in subdivision (1). The legislative
	13401	+	11 body of the unit may approve the commission's determination
	13402	+	12 or modify the amount of the excess assessed value that will be
	13403	+	13 allocated to the respective taxing units in the manner
	13404	+	14 prescribed in subdivision (1).
	13405	+	15 (6) Notwithstanding subdivision (5), in the case of an allocation
	13406	+	16 area that is established after June 30, 2019, and that is located in
	13407	+	17 a redevelopment project area described in section 25.1(c)(3)(C)
	13408	+	18 of this chapter, an economic development area described in
	13409	+	19 section 25.1(c)(3)(C) of this chapter, or an urban renewal project
	13410	+	20 area described in section 25.1(c)(3)(C) of this chapter, for each
	13411	+	21 year the allocation provision is in effect, if the amount of excess
	13412	+	22 assessed value determined by the commission under subdivision
	13413	+	23 (5)(A) is expected to generate more than two hundred percent
	13414	+	24 (200%) of:
	13415	+	25 (A) the amount of allocated tax proceeds necessary to make,
	13416	+	26 when due, principal and interest payments on bonds described
	13417	+	27 in subdivision (4) for the project; plus
	13418	+	28 (B) the amount necessary for other purposes described in
	13419	+	29 subdivision (4) for the project;
	13420	+	30 the amount of the excess assessed value that generates more than
	13421	+	31 two hundred percent (200%) of the amounts described in clauses
	13422	+	32 (A) and (B) shall be allocated to the respective taxing units in the
	13423	+	33 manner prescribed by subdivision (1).
	13424	+	34 (c) For the purpose of allocating taxes levied by or for any taxing
	13425	+	35 unit or units, the assessed value of taxable property in a territory in the
	13426	+	36 allocation area that is annexed by any taxing unit after the effective
	13427	+	37 date of the allocation provision of the declaratory resolution is the
	13428	+	38 lesser of:
	13429	+	39 (1) the assessed value of the property for the assessment date with
	13430	+	40 respect to which the allocation and distribution is made; or
	13431	+	41 (2) the base assessed value.
	13432	+	42 (d) Property tax proceeds allocable to the redevelopment district
	13433	+	ES 1—LS 7244/DI 120 310
	13434	+	1 under subsection (b)(4) may, subject to subsection (b)(5), be
	13435	+	2 irrevocably pledged by the redevelopment district for payment as set
	13436	+	3 forth in subsection (b)(4).
	13437	+	4 (e) Notwithstanding any other law, each assessor shall, upon
	13438	+	5 petition of the redevelopment commission, reassess the taxable
	13439	+	6 property situated upon or in, or added to, the allocation area, effective
	13440	+	7 on the next assessment date after the petition.
	13441	+	8 (f) Notwithstanding any other law, the assessed value of all taxable
	13442	+	9 property in the allocation area, for purposes of tax limitation, property
	13443	+	10 tax replacement, and formulation of the budget, tax rate, and tax levy
	13444	+	11 for each political subdivision in which the property is located is the
	13445	+	12 lesser of:
	13446	+	13 (1) the assessed value of the property as valued without regard to
	13447	+	14 this section; or
	13448	+	15 (2) the base assessed value.
	13449	+	16 (g) If any part of the allocation area is located in an enterprise zone
	13450	+	17 created under IC 5-28-15, the unit that designated the allocation area
	13451	+	18 shall create funds as specified in this subsection. A unit that has
	13452	+	19 obligations, bonds, or leases payable from allocated tax proceeds under
	13453	+	20 subsection (b)(4) shall establish an allocation fund for the purposes
	13454	+	21 specified in subsection (b)(4) and a special zone fund. Such a unit
	13455	+	22 shall, until the end of the enterprise zone phase out period, deposit each
	13456	+	23 year in the special zone fund any amount in the allocation fund derived
	13457	+	24 from property tax proceeds in excess of those described in subsection
	13458	+	25 (b)(1), (b)(2), and (b)(3) from property located in the enterprise zone
	13459	+	26 that exceeds the amount sufficient for the purposes specified in
	13460	+	27 subsection (b)(4) for the year. The amount sufficient for purposes
	13461	+	28 specified in subsection (b)(4) for the year shall be determined based on
	13462	+	29 the pro rata portion of such current property tax proceeds from the part
	13463	+	30 of the enterprise zone that is within the allocation area as compared to
	13464	+	31 all such current property tax proceeds derived from the allocation area.
	13465	+	32 A unit that has no obligations, bonds, or leases payable from allocated
	13466	+	33 tax proceeds under subsection (b)(4) shall establish a special zone fund
	13467	+	34 and deposit all the property tax proceeds in excess of those described
	13468	+	35 in subsection (b)(1), (b)(2), and (b)(3) in the fund derived from
	13469	+	36 property tax proceeds in excess of those described in subsection (b)(1),
	13470	+	37 (b)(2), and (b)(3) from property located in the enterprise zone. The unit
	13471	+	38 that creates the special zone fund shall use the fund (based on the
	13472	+	39 recommendations of the urban enterprise association) for programs in
	13473	+	40 job training, job enrichment, and basic skill development that are
	13474	+	41 designed to benefit residents and employers in the enterprise zone or
	13475	+	42 other purposes specified in subsection (b)(4), except that where
	13476	+	ES 1—LS 7244/DI 120 311
	13477	+	1 reference is made in subsection (b)(4) to allocation area it shall refer
	13478	+	2 for purposes of payments from the special zone fund only to that part
	13479	+	3 of the allocation area that is also located in the enterprise zone. Those
	13480	+	4 programs shall reserve at least one-half (1/2) of their enrollment in any
	13481	+	5 session for residents of the enterprise zone.
	13482	+	6 (h) The state board of accounts and department of local government
	13483	+	7 finance shall make the rules and prescribe the forms and procedures
	13484	+	8 that they consider expedient for the implementation of this chapter.
	13485	+	9 After each reassessment in an area under a reassessment plan prepared
	13486	+	10 under IC 6-1.1-4-4.2, the department of local government finance shall
	13487	+	11 adjust the base assessed value one (1) time to neutralize any effect of
	13488	+	12 the reassessment of the real property in the area on the property tax
	13489	+	13 proceeds allocated to the redevelopment district under this section.
	13490	+	14 After each annual adjustment under IC 6-1.1-4-4.5, the department of
	13491	+	15 local government finance shall adjust the base assessed value one (1)
	13492	+	16 time to neutralize any effect of the annual adjustment on the property
	13493	+	17 tax proceeds allocated to the redevelopment district under this section.
	13494	+	18 However, the adjustments under this subsection:
	13495	+	19 (1) may not include the effect of phasing in assessed value due to
	13496	+	20 property tax abatements under IC 6-1.1-12.1;
	13497	+	21 (2) may not produce less property tax proceeds allocable to the
	13498	+	22 redevelopment district under subsection (b)(4) than would
	13499	+	23 otherwise have been received if the reassessment under the
	13500	+	24 reassessment plan or the annual adjustment had not occurred; and
	13501	+	25 (3) may decrease base assessed value only to the extent that
	13502	+	26 assessed values in the allocation area have been decreased due to
	13503	+	27 annual adjustments or the reassessment under the reassessment
	13504	+	28 plan.
	13505	+	29 Assessed value increases attributable to the application of an abatement
	13506	+	30 schedule under IC 6-1.1-12.1 may not be included in the base assessed
	13507	+	31 value of an allocation area. The department of local government
	13508	+	32 finance may prescribe procedures for county and township officials to
	13509	+	33 follow to assist the department in making the adjustments.
	13510	+	34 (i) The allocation deadline referred to in subsection (b) is
	13511	+	35 determined in the following manner:
	13512	+	36 (1) The initial allocation deadline is December 31, 2011.
	13513	+	37 (2) Subject to subdivision (3), the initial allocation deadline and
	13514	+	38 subsequent allocation deadlines are automatically extended in
	13515	+	39 increments of five (5) years, so that allocation deadlines
	13516	+	40 subsequent to the initial allocation deadline fall on December 31,
	13517	+	41 2016, and December 31 of each fifth year thereafter.
	13518	+	42 (3) At least one (1) year before the date of an allocation deadline
	13519	+	ES 1—LS 7244/DI 120 312
	13520	+	1 determined under subdivision (2), the general assembly may enact
	13521	+	2 a law that:
	13522	+	3 (A) terminates the automatic extension of allocation deadlines
	13523	+	4 under subdivision (2); and
	13524	+	5 (B) specifically designates a particular date as the final
	13525	+	6 allocation deadline.
	13526	+	7 (j) If a redevelopment commission adopts a declaratory resolution
	13527	+	8 or an amendment to a declaratory resolution that contains an allocation
	13528	+	9 provision and the redevelopment commission makes either of the
	13529	+	10 filings required under section 17(e) of this chapter after the first
	13530	+	11 anniversary of the effective date of the allocation provision, the auditor
	13531	+	12 of the county in which the unit is located shall compute the base
	13532	+	13 assessed value for the allocation area using the assessment date
	13533	+	14 immediately preceding the later of:
	13534	+	15 (1) the date on which the documents are filed with the county
	13535	+	16 auditor; or
	13536	+	17 (2) the date on which the documents are filed with the department
	13537	+	18 of local government finance.
	13538	+	19 (k) For an allocation area established after June 30, 2025,
	13539	+	20 "residential property" refers to the assessed value of property that is
	13540	+	21 allocated to the one percent (1%) homestead land and improvement
	13541	+	22 categories in the county tax and billing software system, along with the
	13542	+	23 residential assessed value as defined for purposes of calculating the
	13543	+	24 rate for the local income tax property tax relief credit designated for
	13544	+	25 residential property under IC 6-3.6-5-6(d)(3) (before its expiration).
	13545	+	26 SECTION 235. IC 36-7-15.1-26, AS AMENDED BY P.L.174-2022,
	13546	+	27 SECTION 72, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	13547	+	28 JULY 1, 2027]: Sec. 26. (a) As used in this section:
	13548	+	29 "Allocation area" means that part of a redevelopment project area
	13549	+	30 to which an allocation provision of a resolution adopted under section
	13550	+	31 8 of this chapter refers for purposes of distribution and allocation of
	13551	+	32 property taxes.
	13552	+	33 "Base assessed value" means, subject to subsection (j), the
	13553	+	34 following:
	13554	+	35 (1) If an allocation provision is adopted after June 30, 1995, in a
	13555	+	36 declaratory resolution or an amendment to a declaratory
	13556	+	37 resolution establishing an economic development area:
	13557	+	38 (A) the net assessed value of all the property as finally
	13558	+	39 determined for the assessment date immediately preceding the
	13559	+	40 effective date of the allocation provision of the declaratory
	13560	+	41 resolution, as adjusted under subsection (h); plus
	13561	+	42 (B) to the extent that it is not included in clause (A), the net
	13562	+	ES 1—LS 7244/DI 120 313
	13563	+	1 assessed value of property that is assessed as residential
	13564	+	2 property under the rules of the department of local government
	13565	+	3 finance, within the allocation area, as finally determined for
	13566	+	4 the current assessment date.
	13567	+	5 (2) If an allocation provision is adopted after June 30, 1997, in a
	13568	+	6 declaratory resolution or an amendment to a declaratory
	13569	+	7 resolution establishing a redevelopment project area:
	13570	+	8 (A) the net assessed value of all the property as finally
	13571	+	9 determined for the assessment date immediately preceding the
	13572	+	10 effective date of the allocation provision of the declaratory
	13573	+	11 resolution, as adjusted under subsection (h); plus
	13574	+	12 (B) to the extent that it is not included in clause (A), the net
	13575	+	13 assessed value of property that is assessed as residential
	13576	+	14 property under the rules of the department of local government
	13577	+	15 finance, within the allocation area, as finally determined for
	13578	+	16 the current assessment date.
	13579	+	17 (3) If:
	13580	+	18 (A) an allocation provision adopted before June 30, 1995, in
	13581	+	19 a declaratory resolution or an amendment to a declaratory
	13582	+	20 resolution establishing a redevelopment project area expires
	13583	+	21 after June 30, 1997; and
	13584	+	22 (B) after June 30, 1997, a new allocation provision is included
	13585	+	23 in an amendment to the declaratory resolution;
	13586	+	24 the net assessed value of all the property as finally determined for
	13587	+	25 the assessment date immediately preceding the effective date of
	13588	+	26 the allocation provision adopted after June 30, 1997, as adjusted
	13589	+	27 under subsection (h).
	13590	+	28 (4) Except as provided in subdivision (5), for all other allocation
	13591	+	29 areas, the net assessed value of all the property as finally
	13592	+	30 determined for the assessment date immediately preceding the
	13593	+	31 effective date of the allocation provision of the declaratory
	13594	+	32 resolution, as adjusted under subsection (h).
	13595	+	33 (5) If an allocation area established in an economic development
	13596	+	34 area before July 1, 1995, is expanded after June 30, 1995, the
	13597	+	35 definition in subdivision (1) applies to the expanded part of the
	13598	+	36 area added after June 30, 1995.
	13599	+	37 (6) If an allocation area established in a redevelopment project
	13600	+	38 area before July 1, 1997, is expanded after June 30, 1997, the
	13601	+	39 definition in subdivision (2) applies to the expanded part of the
	13602	+	40 area added after June 30, 1997.
	13603	+	41 Except as provided in section 26.2 of this chapter, "property taxes"
	13604	+	42 means taxes imposed under IC 6-1.1 on real property. However, upon
	13605	+	ES 1—LS 7244/DI 120 314
	13606	+	1 approval by a resolution of the redevelopment commission adopted
	13607	+	2 before June 1, 1987, "property taxes" also includes taxes imposed
	13608	+	3 under IC 6-1.1 on depreciable personal property. If a redevelopment
	13609	+	4 commission adopted before June 1, 1987, a resolution to include within
	13610	+	5 the definition of property taxes, taxes imposed under IC 6-1.1 on
	13611	+	6 depreciable personal property that has a useful life in excess of eight
	13612	+	7 (8) years, the commission may by resolution determine the percentage
	13613	+	8 of taxes imposed under IC 6-1.1 on all depreciable personal property
	13614	+	9 that will be included within the definition of property taxes. However,
	13615	+	10 the percentage included must not exceed twenty-five percent (25%) of
	13616	+	11 the taxes imposed under IC 6-1.1 on all depreciable personal property.
	13617	+	12 (b) A resolution adopted under section 8 of this chapter on or before
	13618	+	13 the allocation deadline determined under subsection (i) may include a
	13619	+	14 provision with respect to the allocation and distribution of property
	13620	+	15 taxes for the purposes and in the manner provided in this section. A
	13621	+	16 resolution previously adopted may include an allocation provision by
	13622	+	17 the amendment of that resolution on or before the allocation deadline
	13623	+	18 determined under subsection (i) in accordance with the procedures
	13624	+	19 required for its original adoption. A declaratory resolution or
	13625	+	20 amendment that establishes an allocation provision must include a
	13626	+	21 specific finding of fact, supported by evidence, that the adoption of the
	13627	+	22 allocation provision will result in new property taxes in the area that
	13628	+	23 would not have been generated but for the adoption of the allocation
	13629	+	24 provision. For an allocation area established before July 1, 1995, the
	13630	+	25 expiration date of any allocation provisions for the allocation area is
	13631	+	26 June 30, 2025, or the last date of any obligations that are outstanding
	13632	+	27 on July 1, 2015, whichever is later. However, for an allocation area
	13633	+	28 identified as the Consolidated Allocation Area in the report submitted
	13634	+	29 in 2013 to the fiscal body under section 36.3 of this chapter, the
	13635	+	30 expiration date of any allocation provisions for the allocation area is
	13636	+	31 January 1, 2051. A declaratory resolution or an amendment that
	13637	+	32 establishes an allocation provision after June 30, 1995, must specify an
	13638	+	33 expiration date for the allocation provision. For an allocation area
	13639	+	34 established before July 1, 2008, the expiration date may not be more
	13640	+	35 than thirty (30) years after the date on which the allocation provision
	13641	+	36 is established. For an allocation area established after June 30, 2008,
	13642	+	37 the expiration date may not be more than twenty-five (25) years after
	13643	+	38 the date on which the first obligation was incurred to pay principal and
	13644	+	39 interest on bonds or lease rentals on leases payable from tax increment
	13645	+	40 revenues. However, with respect to bonds or other obligations that were
	13646	+	41 issued before July 1, 2008, if any of the bonds or other obligations that
	13647	+	42 were scheduled when issued to mature before the specified expiration
	13648	+	ES 1—LS 7244/DI 120 315
	13649	+	1 date and that are payable only from allocated tax proceeds with respect
	13650	+	2 to the allocation area remain outstanding as of the expiration date, the
	13651	+	3 allocation provision does not expire until all of the bonds or other
	13652	+	4 obligations are no longer outstanding. The allocation provision may
	13653	+	5 apply to all or part of the redevelopment project area. The allocation
	13654	+	6 provision must require that any property taxes subsequently levied by
	13655	+	7 or for the benefit of any public body entitled to a distribution of
	13656	+	8 property taxes on taxable property in the allocation area be allocated
	13657	+	9 and distributed as follows:
	13658	+	10 (1) Except as otherwise provided in this section, the proceeds of
	13659	+	11 the taxes attributable to the lesser of:
	13660	+	12 (A) the assessed value of the property for the assessment date
	13661	+	13 with respect to which the allocation and distribution is made;
	13662	+	14 or
	13663	+	15 (B) the base assessed value;
	13664	+	16 shall be allocated to and, when collected, paid into the funds of
	13665	+	17 the respective taxing units.
	13666	+	18 (2) The excess of the proceeds of the property taxes imposed for
	13667	+	19 the assessment date with respect to which the allocation and
	13668	+	20 distribution is made that are attributable to taxes imposed after
	13669	+	21 being approved by the voters in a referendum or local public
	13670	+	22 question conducted after April 30, 2010, not otherwise included
	13671	+	23 in subdivision (1) shall be allocated to and, when collected, paid
	13672	+	24 into the funds of the taxing unit for which the referendum or local
	13673	+	25 public question was conducted.
	13674	+	26 (3) Except as otherwise provided in this section, property tax
	13675	+	27 proceeds in excess of those described in subdivisions (1) and (2)
	13676	+	28 shall be allocated to the redevelopment district and, when
	13677	+	29 collected, paid into a special fund for that allocation area that may
	13678	+	30 be used by the redevelopment district only to do one (1) or more
	13679	+	31 of the following:
	13680	+	32 (A) Pay the principal of and interest on any obligations
	13681	+	33 payable solely from allocated tax proceeds that are incurred by
	13682	+	34 the redevelopment district for the purpose of financing or
	13683	+	35 refinancing the redevelopment of that allocation area.
	13684	+	36 (B) Establish, augment, or restore the debt service reserve for
	13685	+	37 bonds payable solely or in part from allocated tax proceeds in
	13686	+	38 that allocation area.
	13687	+	39 (C) Pay the principal of and interest on bonds payable from
	13688	+	40 allocated tax proceeds in that allocation area and from the
	13689	+	41 special tax levied under section 19 of this chapter.
	13690	+	42 (D) Pay the principal of and interest on bonds issued by the
	13691	+	ES 1—LS 7244/DI 120 316
	13692	+	1 consolidated city to pay for local public improvements that are
	13693	+	2 physically located in or physically connected to that allocation
	13694	+	3 area.
	13695	+	4 (E) Pay premiums on the redemption before maturity of bonds
	13696	+	5 payable solely or in part from allocated tax proceeds in that
	13697	+	6 allocation area.
	13698	+	7 (F) Make payments on leases payable from allocated tax
	13699	+	8 proceeds in that allocation area under section 17.1 of this
	13700	+	9 chapter.
	13701	+	10 (G) Reimburse the consolidated city for expenditures for local
	13702	+	11 public improvements (which include buildings, parking
	13703	+	12 facilities, and other items set forth in section 17 of this
	13704	+	13 chapter) that are physically located in or physically connected
	13705	+	14 to that allocation area.
	13706	+	15 (H) Reimburse the unit for rentals paid by it for a building or
	13707	+	16 parking facility that is physically located in or physically
	13708	+	17 connected to that allocation area under any lease entered into
	13709	+	18 under IC 36-1-10.
	13710	+	19 (I) Reimburse public and private entities for expenses incurred
	13711	+	20 in training employees of industrial facilities that are located:
	13712	+	21 (i) in the allocation area; and
	13713	+	22 (ii) on a parcel of real property that has been classified as
	13714	+	23 industrial property under the rules of the department of local
	13715	+	24 government finance.
	13716	+	25 However, the total amount of money spent for this purpose in
	13717	+	26 any year may not exceed the total amount of money in the
	13718	+	27 allocation fund that is attributable to property taxes paid by the
	13719	+	28 industrial facilities described in this clause. The
	13720	+	29 reimbursements under this clause must be made within three
	13721	+	30 (3) years after the date on which the investments that are the
	13722	+	31 basis for the increment financing are made.
	13723	+	32 (J) Pay the costs of carrying out an eligible efficiency project
	13724	+	33 (as defined in IC 36-9-41-1.5) within the unit that established
	13725	+	34 the redevelopment commission. However, property tax
	13726	+	35 proceeds may be used under this clause to pay the costs of
	13727	+	36 carrying out an eligible efficiency project only if those
	13728	+	37 property tax proceeds exceed the amount necessary to do the
	13729	+	38 following:
	13730	+	39 (i) Make, when due, any payments required under clauses
	13731	+	40 (A) through (I), including any payments of principal and
	13732	+	41 interest on bonds and other obligations payable under this
	13733	+	42 subdivision, any payments of premiums under this
	13734	+	ES 1—LS 7244/DI 120 317
	13735	+	1 subdivision on the redemption before maturity of bonds, and
	13736	+	2 any payments on leases payable under this subdivision.
	13737	+	3 (ii) Make any reimbursements required under this
	13738	+	4 subdivision.
	13739	+	5 (iii) Pay any expenses required under this subdivision.
	13740	+	6 (iv) Establish, augment, or restore any debt service reserve
	13741	+	7 under this subdivision.
	13742	+	8 (K) Expend money and provide financial assistance as
	13743	+	9 authorized in section 7(a)(21) of this chapter.
	13744	+	10 The special fund may not be used for operating expenses of the
	13745	+	11 commission.
	13746	+	12 (4) Before June 15 of each year, the commission shall do the
	13747	+	13 following:
	13748	+	14 (A) Determine the amount, if any, by which the assessed value
	13749	+	15 of the taxable property in the allocation area for the most
	13750	+	16 recent assessment date minus the base assessed value, when
	13751	+	17 multiplied by the estimated tax rate of the allocation area will
	13752	+	18 exceed the amount of assessed value needed to provide the
	13753	+	19 property taxes necessary to make, when due, principal and
	13754	+	20 interest payments on bonds described in subdivision (3) plus
	13755	+	21 the amount necessary for other purposes described in
	13756	+	22 subdivision (3) and subsection (g).
	13757	+	23 (B) Provide a written notice to the county auditor, the
	13758	+	24 legislative body of the consolidated city, the officers who are
	13759	+	25 authorized to fix budgets, tax rates, and tax levies under
	13760	+	26 IC 6-1.1-17-5 for each of the other taxing units that is wholly
	13761	+	27 or partly located within the allocation area, and (in an
	13762	+	28 electronic format) the department of local government finance.
	13763	+	29 The notice must:
	13764	+	30 (i) state the amount, if any, of excess assessed value that the
	13765	+	31 commission has determined may be allocated to the
	13766	+	32 respective taxing units in the manner prescribed in
	13767	+	33 subdivision (1); or
	13768	+	34 (ii) state that the commission has determined that there is no
	13769	+	35 excess assessed value that may be allocated to the respective
	13770	+	36 taxing units in the manner prescribed in subdivision (1).
	13771	+	37 The county auditor shall allocate to the respective taxing units
	13772	+	38 the amount, if any, of excess assessed value determined by the
	13773	+	39 commission. The commission may not authorize an allocation
	13774	+	40 to the respective taxing units under this subdivision if to do so
	13775	+	41 would endanger the interests of the holders of bonds described
	13776	+	42 in subdivision (3).
	13777	+	ES 1—LS 7244/DI 120 318
	13778	+	1 (C) If:
	13779	+	2 (i) the amount of excess assessed value determined by the
	13780	+	3 commission is expected to generate more than two hundred
	13781	+	4 percent (200%) of the amount of allocated tax proceeds
	13782	+	5 necessary to make, when due, principal and interest
	13783	+	6 payments on bonds described in subdivision (3); plus
	13784	+	7 (ii) the amount necessary for other purposes described in
	13785	+	8 subdivision (3) and subsection (g);
	13786	+	9 the commission shall submit to the legislative body of the unit
	13787	+	10 the commission's determination of the excess assessed value
	13788	+	11 that the commission proposes to allocate to the respective
	13789	+	12 taxing units in the manner prescribed in subdivision (1). The
	13790	+	13 legislative body of the unit may approve the commission's
	13791	+	14 determination or modify the amount of the excess assessed
	13792	+	15 value that will be allocated to the respective taxing units in the
	13793	+	16 manner prescribed in subdivision (1).
	13794	+	17 (c) For the purpose of allocating taxes levied by or for any taxing
	13795	+	18 unit or units, the assessed value of taxable property in a territory in the
	13796	+	19 allocation area that is annexed by any taxing unit after the effective
	13797	+	20 date of the allocation provision of the resolution is the lesser of:
	13798	+	21 (1) the assessed value of the property for the assessment date with
	13799	+	22 respect to which the allocation and distribution is made; or
	13800	+	23 (2) the base assessed value.
	13801	+	24 (d) Property tax proceeds allocable to the redevelopment district
	13802	+	25 under subsection (b)(3) may, subject to subsection (b)(4), be
	13803	+	26 irrevocably pledged by the redevelopment district for payment as set
	13804	+	27 forth in subsection (b)(3).
	13805	+	28 (e) Notwithstanding any other law, each assessor shall, upon
	13806	+	29 petition of the commission, reassess the taxable property situated upon
	13807	+	30 or in, or added to, the allocation area, effective on the next assessment
	13808	+	31 date after the petition.
	13809	+	32 (f) Notwithstanding any other law, the assessed value of all taxable
	13810	+	33 property in the allocation area, for purposes of tax limitation, property
	13811	+	34 tax replacement, and formulation of the budget, tax rate, and tax levy
	13812	+	35 for each political subdivision in which the property is located is the
	13813	+	36 lesser of:
	13814	+	37 (1) the assessed value of the property as valued without regard to
	13815	+	38 this section; or
	13816	+	39 (2) the base assessed value.
	13817	+	40 (g) If any part of the allocation area is located in an enterprise zone
	13818	+	41 created under IC 5-28-15, the unit that designated the allocation area
	13819	+	42 shall create funds as specified in this subsection. A unit that has
	13820	+	ES 1—LS 7244/DI 120 319
	13821	+	1 obligations, bonds, or leases payable from allocated tax proceeds under
	13822	+	2 subsection (b)(3) shall establish an allocation fund for the purposes
	13823	+	3 specified in subsection (b)(3) and a special zone fund. Such a unit
	13824	+	4 shall, until the end of the enterprise zone phase out period, deposit each
	13825	+	5 year in the special zone fund the amount in the allocation fund derived
	13826	+	6 from property tax proceeds in excess of those described in subsection
	13827	+	7 (b)(1) and (b)(2) from property located in the enterprise zone that
	13828	+	8 exceeds the amount sufficient for the purposes specified in subsection
	13829	+	9 (b)(3) for the year. A unit that has no obligations, bonds, or leases
	13830	+	10 payable from allocated tax proceeds under subsection (b)(3) shall
	13831	+	11 establish a special zone fund and deposit all the property tax proceeds
	13832	+	12 in excess of those described in subsection (b)(1) and (b)(2) in the fund
	13833	+	13 derived from property tax proceeds in excess of those described in
	13834	+	14 subsection (b)(1) and (b)(2) from property located in the enterprise
	13835	+	15 zone. The unit that creates the special zone fund shall use the fund,
	13836	+	16 based on the recommendations of the urban enterprise association, for
	13837	+	17 one (1) or more of the following purposes:
	13838	+	18 (1) To pay for programs in job training, job enrichment, and basic
	13839	+	19 skill development designed to benefit residents and employers in
	13840	+	20 the enterprise zone. The programs must reserve at least one-half
	13841	+	21 (1/2) of the enrollment in any session for residents of the
	13842	+	22 enterprise zone.
	13843	+	23 (2) To make loans and grants for the purpose of stimulating
	13844	+	24 business activity in the enterprise zone or providing employment
	13845	+	25 for enterprise zone residents in the enterprise zone. These loans
	13846	+	26 and grants may be made to the following:
	13847	+	27 (A) Businesses operating in the enterprise zone.
	13848	+	28 (B) Businesses that will move their operations to the enterprise
	13849	+	29 zone if such a loan or grant is made.
	13850	+	30 (3) To provide funds to carry out other purposes specified in
	13851	+	31 subsection (b)(3). However, where reference is made in
	13852	+	32 subsection (b)(3) to the allocation area, the reference refers for
	13853	+	33 purposes of payments from the special zone fund only to that part
	13854	+	34 of the allocation area that is also located in the enterprise zone.
	13855	+	35 (h) The state board of accounts and department of local government
	13856	+	36 finance shall make the rules and prescribe the forms and procedures
	13857	+	37 that they consider expedient for the implementation of this chapter.
	13858	+	38 After each reassessment under a reassessment plan prepared under
	13859	+	39 IC 6-1.1-4-4.2, the department of local government finance shall adjust
	13860	+	40 the base assessed value one (1) time to neutralize any effect of the
	13861	+	41 reassessment of the real property in the area on the property tax
	13862	+	42 proceeds allocated to the redevelopment district under this section.
	13863	+	ES 1—LS 7244/DI 120 320
	13864	+	1 After each annual adjustment under IC 6-1.1-4-4.5, the department of
	13865	+	2 local government finance shall adjust the base assessed value to
	13866	+	3 neutralize any effect of the annual adjustment on the property tax
	13867	+	4 proceeds allocated to the redevelopment district under this section.
	13868	+	5 However, the adjustments under this subsection may not include the
	13869	+	6 effect of property tax abatements under IC 6-1.1-12.1, and these
	13870	+	7 adjustments may not produce less property tax proceeds allocable to
	13871	+	8 the redevelopment district under subsection (b)(3) than would
	13872	+	9 otherwise have been received if the reassessment under the
	13873	+	10 reassessment plan or annual adjustment had not occurred. The
	13874	+	11 department of local government finance may prescribe procedures for
	13875	+	12 county and township officials to follow to assist the department in
	13876	+	13 making the adjustments.
	13877	+	14 (i) The allocation deadline referred to in subsection (b) is
	13878	+	15 determined in the following manner:
	13879	+	16 (1) The initial allocation deadline is December 31, 2011.
	13880	+	17 (2) Subject to subdivision (3), the initial allocation deadline and
	13881	+	18 subsequent allocation deadlines are automatically extended in
	13882	+	19 increments of five (5) years, so that allocation deadlines
	13883	+	20 subsequent to the initial allocation deadline fall on December 31,
	13884	+	21 2016, and December 31 of each fifth year thereafter.
	13885	+	22 (3) At least one (1) year before the date of an allocation deadline
	13886	+	23 determined under subdivision (2), the general assembly may enact
	13887	+	24 a law that:
	13888	+	25 (A) terminates the automatic extension of allocation deadlines
	13889	+	26 under subdivision (2); and
	13890	+	27 (B) specifically designates a particular date as the final
	13891	+	28 allocation deadline.
	13892	+	29 (j) If the commission adopts a declaratory resolution or an
	13893	+	30 amendment to a declaratory resolution that contains an allocation
	13894	+	31 provision and the commission makes either of the filings required
	13895	+	32 under section 10(e) of this chapter after the first anniversary of the
	13896	+	33 effective date of the allocation provision, the auditor of the county in
	13897	+	34 which the unit is located shall compute the base assessed value for the
	13898	+	35 allocation area using the assessment date immediately preceding the
	13899	+	36 later of:
	13900	+	37 (1) the date on which the documents are filed with the county
	13901	+	38 auditor; or
	13902	+	39 (2) the date on which the documents are filed with the department
	13903	+	40 of local government finance.
	13904	+	41 (k) For an allocation area established after June 30, 2024,
	13905	+	42 "residential property" refers to the assessed value of property that is
	13906	+	ES 1—LS 7244/DI 120 321
	13907	+	1 allocated to the one percent (1%) homestead land and improvement
	13908	+	2 categories in the county tax and billing software system, along with the
	13909	+	3 residential assessed value as defined for purposes of calculating the
	13910	+	4 rate for the local income tax property tax relief credit designated for
	13911	+	5 residential property under IC 6-3.6-5-6(d)(3) (before its expiration).
	13912	+	6 SECTION 236. IC 36-7-15.1-53, AS AMENDED BY P.L.174-2022,
	13913	+	7 SECTION 73, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	13914	+	8 JULY 1, 2027]: Sec. 53. (a) As used in this section:
	13915	+	9 "Allocation area" means that part of a redevelopment project area
	13916	+	10 to which an allocation provision of a resolution adopted under section
	13917	+	11 40 of this chapter refers for purposes of distribution and allocation of
	13918	+	12 property taxes.
	13919	+	13 "Base assessed value" means, subject to subsection (j):
	13920	+	14 (1) the net assessed value of all the property as finally determined
	13921	+	15 for the assessment date immediately preceding the effective date
	13922	+	16 of the allocation provision of the declaratory resolution, as
	13923	+	17 adjusted under subsection (h); plus
	13924	+	18 (2) to the extent that it is not included in subdivision (1), the net
	13925	+	19 assessed value of property that is assessed as residential property
	13926	+	20 under the rules of the department of local government finance, as
	13927	+	21 finally determined for the current assessment date.
	13928	+	22 Except as provided in section 55 of this chapter, "property taxes"
	13929	+	23 means taxes imposed under IC 6-1.1 on real property.
	13930	+	24 (b) A resolution adopted under section 40 of this chapter on or
	13931	+	25 before the allocation deadline determined under subsection (i) may
	13932	+	26 include a provision with respect to the allocation and distribution of
	13933	+	27 property taxes for the purposes and in the manner provided in this
	13934	+	28 section. A resolution previously adopted may include an allocation
	13935	+	29 provision by the amendment of that resolution on or before the
	13936	+	30 allocation deadline determined under subsection (i) in accordance with
	13937	+	31 the procedures required for its original adoption. A declaratory
	13938	+	32 resolution or an amendment that establishes an allocation provision
	13939	+	33 must be approved by resolution of the legislative body of the excluded
	13940	+	34 city and must specify an expiration date for the allocation provision.
	13941	+	35 For an allocation area established before July 1, 2008, the expiration
	13942	+	36 date may not be more than thirty (30) years after the date on which the
	13943	+	37 allocation provision is established. For an allocation area established
	13944	+	38 after June 30, 2008, the expiration date may not be more than
	13945	+	39 twenty-five (25) years after the date on which the first obligation was
	13946	+	40 incurred to pay principal and interest on bonds or lease rentals on
	13947	+	41 leases payable from tax increment revenues. However, with respect to
	13948	+	42 bonds or other obligations that were issued before July 1, 2008, if any
	13949	+	ES 1—LS 7244/DI 120 322
	13950	+	1 of the bonds or other obligations that were scheduled when issued to
	13951	+	2 mature before the specified expiration date and that are payable only
	13952	+	3 from allocated tax proceeds with respect to the allocation area remain
	13953	+	4 outstanding as of the expiration date, the allocation provision does not
	13954	+	5 expire until all of the bonds or other obligations are no longer
	13955	+	6 outstanding. The allocation provision may apply to all or part of the
	13956	+	7 redevelopment project area. The allocation provision must require that
	13957	+	8 any property taxes subsequently levied by or for the benefit of any
	13958	+	9 public body entitled to a distribution of property taxes on taxable
	13959	+	10 property in the allocation area be allocated and distributed as follows:
	13960	+	11 (1) Except as otherwise provided in this section, the proceeds of
	13961	+	12 the taxes attributable to the lesser of:
	13962	+	13 (A) the assessed value of the property for the assessment date
	13963	+	14 with respect to which the allocation and distribution is made;
	13964	+	15 or
	13965	+	16 (B) the base assessed value;
	13966	+	17 shall be allocated to and, when collected, paid into the funds of
	13967	+	18 the respective taxing units.
	13968	+	19 (2) The excess of the proceeds of the property taxes imposed for
	13969	+	20 the assessment date with respect to which the allocation and
	13970	+	21 distribution is made that are attributable to taxes imposed after
	13971	+	22 being approved by the voters in a referendum or local public
	13972	+	23 question conducted after April 30, 2010, not otherwise included
	13973	+	24 in subdivision (1) shall be allocated to and, when collected, paid
	13974	+	25 into the funds of the taxing unit for which the referendum or local
	13975	+	26 public question was conducted.
	13976	+	27 (3) Except as otherwise provided in this section, property tax
	13977	+	28 proceeds in excess of those described in subdivisions (1) and (2)
	13978	+	29 shall be allocated to the redevelopment district and, when
	13979	+	30 collected, paid into a special fund for that allocation area that may
	13980	+	31 be used by the redevelopment district only to do one (1) or more
	13981	+	32 of the following:
	13982	+	33 (A) Pay the principal of and interest on any obligations
	13983	+	34 payable solely from allocated tax proceeds that are incurred by
	13984	+	35 the redevelopment district for the purpose of financing or
	13985	+	36 refinancing the redevelopment of that allocation area.
	13986	+	37 (B) Establish, augment, or restore the debt service reserve for
	13987	+	38 bonds payable solely or in part from allocated tax proceeds in
	13988	+	39 that allocation area.
	13989	+	40 (C) Pay the principal of and interest on bonds payable from
	13990	+	41 allocated tax proceeds in that allocation area and from the
	13991	+	42 special tax levied under section 50 of this chapter.
	13992	+	ES 1—LS 7244/DI 120 323
	13993	+	1 (D) Pay the principal of and interest on bonds issued by the
	13994	+	2 excluded city to pay for local public improvements that are
	13995	+	3 physically located in or physically connected to that allocation
	13996	+	4 area.
	13997	+	5 (E) Pay premiums on the redemption before maturity of bonds
	13998	+	6 payable solely or in part from allocated tax proceeds in that
	13999	+	7 allocation area.
	14000	+	8 (F) Make payments on leases payable from allocated tax
	14001	+	9 proceeds in that allocation area under section 46 of this
	14002	+	10 chapter.
	14003	+	11 (G) Reimburse the excluded city for expenditures for local
	14004	+	12 public improvements (which include buildings, park facilities,
	14005	+	13 and other items set forth in section 45 of this chapter) that are
	14006	+	14 physically located in or physically connected to that allocation
	14007	+	15 area.
	14008	+	16 (H) Reimburse the unit for rentals paid by it for a building or
	14009	+	17 parking facility that is physically located in or physically
	14010	+	18 connected to that allocation area under any lease entered into
	14011	+	19 under IC 36-1-10.
	14012	+	20 (I) Reimburse public and private entities for expenses incurred
	14013	+	21 in training employees of industrial facilities that are located:
	14014	+	22 (i) in the allocation area; and
	14015	+	23 (ii) on a parcel of real property that has been classified as
	14016	+	24 industrial property under the rules of the department of local
	14017	+	25 government finance.
	14018	+	26 However, the total amount of money spent for this purpose in
	14019	+	27 any year may not exceed the total amount of money in the
	14020	+	28 allocation fund that is attributable to property taxes paid by the
	14021	+	29 industrial facilities described in this clause. The
	14022	+	30 reimbursements under this clause must be made within three
	14023	+	31 (3) years after the date on which the investments that are the
	14024	+	32 basis for the increment financing are made.
	14025	+	33 The special fund may not be used for operating expenses of the
	14026	+	34 commission.
	14027	+	35 (4) Before June 15 of each year, the commission shall do the
	14028	+	36 following:
	14029	+	37 (A) Determine the amount, if any, by which the assessed value
	14030	+	38 of the taxable property in the allocation area for the most
	14031	+	39 recent assessment date minus the base assessed value, when
	14032	+	40 multiplied by the estimated tax rate of the allocation area, will
	14033	+	41 exceed the amount of assessed value needed to provide the
	14034	+	42 property taxes necessary to make, when due, principal and
	14035	+	ES 1—LS 7244/DI 120 324
	14036	+	1 interest payments on bonds described in subdivision (3) plus
	14037	+	2 the amount necessary for other purposes described in
	14038	+	3 subdivision (3) and subsection (g).
	14039	+	4 (B) Provide a written notice to the county auditor, the fiscal
	14040	+	5 body of the county or municipality that established the
	14041	+	6 department of redevelopment, the officers who are authorized
	14042	+	7 to fix budgets, tax rates, and tax levies under IC 6-1.1-17-5 for
	14043	+	8 each of the other taxing units that is wholly or partly located
	14044	+	9 within the allocation area, and (in an electronic format) the
	14045	+	10 department of local government finance. The notice must:
	14046	+	11 (i) state the amount, if any, of excess assessed value that the
	14047	+	12 commission has determined may be allocated to the
	14048	+	13 respective taxing units in the manner prescribed in
	14049	+	14 subdivision (1); or
	14050	+	15 (ii) state that the commission has determined that there is no
	14051	+	16 excess assessed value that may be allocated to the respective
	14052	+	17 taxing units in the manner prescribed in subdivision (1).
	14053	+	18 The county auditor shall allocate to the respective taxing units
	14054	+	19 the amount, if any, of excess assessed value determined by the
	14055	+	20 commission. The commission may not authorize an allocation
	14056	+	21 to the respective taxing units under this subdivision if to do so
	14057	+	22 would endanger the interests of the holders of bonds described
	14058	+	23 in subdivision (3).
	14059	+	24 (c) For the purpose of allocating taxes levied by or for any taxing
	14060	+	25 unit or units, the assessed value of taxable property in a territory in the
	14061	+	26 allocation area that is annexed by any taxing unit after the effective
	14062	+	27 date of the allocation provision of the resolution is the lesser of:
	14063	+	28 (1) the assessed value of the property for the assessment date with
	14064	+	29 respect to which the allocation and distribution is made; or
	14065	+	30 (2) the base assessed value.
	14066	+	31 (d) Property tax proceeds allocable to the redevelopment district
	14067	+	32 under subsection (b)(3) may, subject to subsection (b)(4), be
	14068	+	33 irrevocably pledged by the redevelopment district for payment as set
	14069	+	34 forth in subsection (b)(3).
	14070	+	35 (e) Notwithstanding any other law, each assessor shall, upon
	14071	+	36 petition of the commission, reassess the taxable property situated upon
	14072	+	37 or in, or added to, the allocation area, effective on the next assessment
	14073	+	38 date after the petition.
	14074	+	39 (f) Notwithstanding any other law, the assessed value of all taxable
	14075	+	40 property in the allocation area, for purposes of tax limitation, property
	14076	+	41 tax replacement, and formulation of the budget, tax rate, and tax levy
	14077	+	42 for each political subdivision in which the property is located, is the
	14078	+	ES 1—LS 7244/DI 120 325
	14079	+	1 lesser of:
	14080	+	2 (1) the assessed value of the property as valued without regard to
	14081	+	3 this section; or
	14082	+	4 (2) the base assessed value.
	14083	+	5 (g) If any part of the allocation area is located in an enterprise zone
	14084	+	6 created under IC 5-28-15, the unit that designated the allocation area
	14085	+	7 shall create funds as specified in this subsection. A unit that has
	14086	+	8 obligations, bonds, or leases payable from allocated tax proceeds under
	14087	+	9 subsection (b)(3) shall establish an allocation fund for the purposes
	14088	+	10 specified in subsection (b)(3) and a special zone fund. Such a unit
	14089	+	11 shall, until the end of the enterprise zone phase out period, deposit each
	14090	+	12 year in the special zone fund the amount in the allocation fund derived
	14091	+	13 from property tax proceeds in excess of those described in subsection
	14092	+	14 (b)(1) and (b)(2) from property located in the enterprise zone that
	14093	+	15 exceeds the amount sufficient for the purposes specified in subsection
	14094	+	16 (b)(3) for the year. A unit that has no obligations, bonds, or leases
	14095	+	17 payable from allocated tax proceeds under subsection (b)(3) shall
	14096	+	18 establish a special zone fund and deposit all the property tax proceeds
	14097	+	19 in excess of those described in subsection (b)(1) and (b)(2) in the fund
	14098	+	20 derived from property tax proceeds in excess of those described in
	14099	+	21 subsection (b)(1) and (b)(2) from property located in the enterprise
	14100	+	22 zone. The unit that creates the special zone fund shall use the fund,
	14101	+	23 based on the recommendations of the urban enterprise association, for
	14102	+	24 one (1) or more of the following purposes:
	14103	+	25 (1) To pay for programs in job training, job enrichment, and basic
	14104	+	26 skill development designed to benefit residents and employers in
	14105	+	27 the enterprise zone. The programs must reserve at least one-half
	14106	+	28 (1/2) of the enrollment in any session for residents of the
	14107	+	29 enterprise zone.
	14108	+	30 (2) To make loans and grants for the purpose of stimulating
	14109	+	31 business activity in the enterprise zone or providing employment
	14110	+	32 for enterprise zone residents in an enterprise zone. These loans
	14111	+	33 and grants may be made to the following:
	14112	+	34 (A) Businesses operating in the enterprise zone.
	14113	+	35 (B) Businesses that will move their operations to the enterprise
	14114	+	36 zone if such a loan or grant is made.
	14115	+	37 (3) To provide funds to carry out other purposes specified in
	14116	+	38 subsection (b)(3). However, where reference is made in
	14117	+	39 subsection (b)(3) to the allocation area, the reference refers, for
	14118	+	40 purposes of payments from the special zone fund, only to that part
	14119	+	41 of the allocation area that is also located in the enterprise zone.
	14120	+	42 (h) The state board of accounts and department of local government
	14121	+	ES 1—LS 7244/DI 120 326
	14122	+	1 finance shall make the rules and prescribe the forms and procedures
	14123	+	2 that they consider expedient for the implementation of this chapter.
	14124	+	3 After each reassessment of real property in an area under a county's
	14125	+	4 reassessment plan prepared under IC 6-1.1-4-4.2, the department of
	14126	+	5 local government finance shall adjust the base assessed value one (1)
	14127	+	6 time to neutralize any effect of the reassessment of the real property in
	14128	+	7 the area on the property tax proceeds allocated to the redevelopment
	14129	+	8 district under this section. After each annual adjustment under
	14130	+	9 IC 6-1.1-4-4.5, the department of local government finance shall adjust
	14131	+	10 the base assessed value to neutralize any effect of the annual
	14132	+	11 adjustment on the property tax proceeds allocated to the redevelopment
	14133	+	12 district under this section. However, the adjustments under this
	14134	+	13 subsection may not include the effect of property tax abatements under
	14135	+	14 IC 6-1.1-12.1, and these adjustments may not produce less property tax
	14136	+	15 proceeds allocable to the redevelopment district under subsection
	14137	+	16 (b)(3) than would otherwise have been received if the reassessment
	14138	+	17 under the county's reassessment plan or annual adjustment had not
	14139	+	18 occurred. The department of local government finance may prescribe
	14140	+	19 procedures for county and township officials to follow to assist the
	14141	+	20 department in making the adjustments.
	14142	+	21 (i) The allocation deadline referred to in subsection (b) is
	14143	+	22 determined in the following manner:
	14144	+	23 (1) The initial allocation deadline is December 31, 2011.
	14145	+	24 (2) Subject to subdivision (3), the initial allocation deadline and
	14146	+	25 subsequent allocation deadlines are automatically extended in
	14147	+	26 increments of five (5) years, so that allocation deadlines
	14148	+	27 subsequent to the initial allocation deadline fall on December 31,
	14149	+	28 2016, and December 31 of each fifth year thereafter.
	14150	+	29 (3) At least one (1) year before the date of an allocation deadline
	14151	+	30 determined under subdivision (2), the general assembly may enact
	14152	+	31 a law that:
	14153	+	32 (A) terminates the automatic extension of allocation deadlines
	14154	+	33 under subdivision (2); and
	14155	+	34 (B) specifically designates a particular date as the final
	14156	+	35 allocation deadline.
	14157	+	36 (j) If the commission adopts a declaratory resolution or an
	14158	+	37 amendment to a declaratory resolution that contains an allocation
	14159	+	38 provision and the commission makes either of the filings required
	14160	+	39 under section 10(e) of this chapter after the first anniversary of the
	14161	+	40 effective date of the allocation provision, the auditor of the county in
	14162	+	41 which the unit is located shall compute the base assessed value for the
	14163	+	42 allocation area using the assessment date immediately preceding the
	14164	+	ES 1—LS 7244/DI 120 327
	14165	+	1 later of:
	14166	+	2 (1) the date on which the documents are filed with the county
	14167	+	3 auditor; or
	14168	+	4 (2) the date on which the documents are filed with the department
	14169	+	5 of local government finance.
	14170	+	6 (k) For an allocation area established after June 30, 2024,
	14171	+	7 "residential property" refers to the assessed value of property that is
	14172	+	8 allocated to the one percent (1%) homestead land and improvement
	14173	+	9 categories in the county tax and billing software system, along with the
	14174	+	10 residential assessed value as defined for purposes of calculating the
	14175	+	11 rate for the local income tax property tax relief credit designated for
	14176	+	12 residential property under IC 6-3.6-5-6(d)(3) (before its expiration).
	14177	+	13 SECTION 237. IC 36-7-30-25, AS AMENDED BY P.L.174-2022,
	14178	+	14 SECTION 74, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	14179	+	15 JULY 1, 2027]: Sec. 25. (a) The following definitions apply throughout
	14180	+	16 this section:
	14181	+	17 (1) "Allocation area" means that part of a military base reuse area
	14182	+	18 to which an allocation provision of a declaratory resolution
	14183	+	19 adopted under section 10 of this chapter refers for purposes of
	14184	+	20 distribution and allocation of property taxes.
	14185	+	21 (2) "Base assessed value" means, subject to subsection (i):
	14186	+	22 (A) the net assessed value of all the property as finally
	14187	+	23 determined for the assessment date immediately preceding the
	14188	+	24 adoption date of the allocation provision of the declaratory
	14189	+	25 resolution, as adjusted under subsection (h); plus
	14190	+	26 (B) to the extent that it is not included in clause (A) or (C), the
	14191	+	27 net assessed value of any and all parcels or classes of parcels
	14192	+	28 identified as part of the base assessed value in the declaratory
	14193	+	29 resolution or an amendment thereto, as finally determined for
	14194	+	30 any subsequent assessment date; plus
	14195	+	31 (C) to the extent that it is not included in clause (A) or (B), the
	14196	+	32 net assessed value of property that is assessed as residential
	14197	+	33 property under the rules of the department of local government
	14198	+	34 finance, within the allocation area, as finally determined for
	14199	+	35 the current assessment date.
	14200	+	36 Clause (C) applies only to allocation areas established in a
	14201	+	37 military reuse area after June 30, 1997, and to the part of an
	14202	+	38 allocation area that was established before June 30, 1997, and that
	14203	+	39 is added to an existing allocation area after June 30, 1997.
	14204	+	40 (3) "Property taxes" means taxes imposed under IC 6-1.1 on real
	14205	+	41 property.
	14206	+	42 (b) A declaratory resolution adopted under section 10 of this chapter
	14207	+	ES 1—LS 7244/DI 120 328
	14208	+	1 before the date set forth in IC 36-7-14-39(b) pertaining to declaratory
	14209	+	2 resolutions adopted under IC 36-7-14-15 may include a provision with
	14210	+	3 respect to the allocation and distribution of property taxes for the
	14211	+	4 purposes and in the manner provided in this section. A declaratory
	14212	+	5 resolution previously adopted may include an allocation provision by
	14213	+	6 the amendment of that declaratory resolution in accordance with the
	14214	+	7 procedures set forth in section 13 of this chapter. The allocation
	14215	+	8 provision may apply to all or part of the military base reuse area. The
	14216	+	9 allocation provision must require that any property taxes subsequently
	14217	+	10 levied by or for the benefit of any public body entitled to a distribution
	14218	+	11 of property taxes on taxable property in the allocation area be allocated
	14219	+	12 and distributed as follows:
	14220	+	13 (1) Except as otherwise provided in this section, the proceeds of
	14221	+	14 the taxes attributable to the lesser of:
	14222	+	15 (A) the assessed value of the property for the assessment date
	14223	+	16 with respect to which the allocation and distribution is made;
	14224	+	17 or
	14225	+	18 (B) the base assessed value;
	14226	+	19 shall be allocated to and, when collected, paid into the funds of
	14227	+	20 the respective taxing units.
	14228	+	21 (2) The excess of the proceeds of the property taxes imposed for
	14229	+	22 the assessment date with respect to which the allocation and
	14230	+	23 distribution are made that are attributable to taxes imposed after
	14231	+	24 being approved by the voters in a referendum or local public
	14232	+	25 question conducted after April 30, 2010, not otherwise included
	14233	+	26 in subdivision (1) shall be allocated to and, when collected, paid
	14234	+	27 into the funds of the taxing unit for which the referendum or local
	14235	+	28 public question was conducted.
	14236	+	29 (3) Except as otherwise provided in this section, property tax
	14237	+	30 proceeds in excess of those described in subdivisions (1) and (2)
	14238	+	31 shall be allocated to the military base reuse district and, when
	14239	+	32 collected, paid into an allocation fund for that allocation area that
	14240	+	33 may be used by the military base reuse district and only to do one
	14241	+	34 (1) or more of the following:
	14242	+	35 (A) Pay the principal of and interest and redemption premium
	14243	+	36 on any obligations incurred by the military base reuse district
	14244	+	37 or any other entity for the purpose of financing or refinancing
	14245	+	38 military base reuse activities in or directly serving or
	14246	+	39 benefiting that allocation area.
	14247	+	40 (B) Establish, augment, or restore the debt service reserve for
	14248	+	41 bonds payable solely or in part from allocated tax proceeds in
	14249	+	42 that allocation area or from other revenues of the reuse
	14250	+	ES 1—LS 7244/DI 120 329
	14251	+	1 authority, including lease rental revenues.
	14252	+	2 (C) Make payments on leases payable solely or in part from
	14253	+	3 allocated tax proceeds in that allocation area.
	14254	+	4 (D) Reimburse any other governmental body for expenditures
	14255	+	5 made for local public improvements (or structures) in or
	14256	+	6 directly serving or benefiting that allocation area.
	14257	+	7 (E) Pay expenses incurred by the reuse authority, any other
	14258	+	8 department of the unit, or a department of another
	14259	+	9 governmental entity for local public improvements or
	14260	+	10 structures that are in the allocation area or directly serving or
	14261	+	11 benefiting the allocation area, including expenses for the
	14262	+	12 operation and maintenance of these local public improvements
	14263	+	13 or structures if the reuse authority determines those operation
	14264	+	14 and maintenance expenses are necessary or desirable to carry
	14265	+	15 out the purposes of this chapter.
	14266	+	16 (F) Reimburse public and private entities for expenses
	14267	+	17 incurred in training employees of industrial facilities that are
	14268	+	18 located:
	14269	+	19 (i) in the allocation area; and
	14270	+	20 (ii) on a parcel of real property that has been classified as
	14271	+	21 industrial property under the rules of the department of local
	14272	+	22 government finance.
	14273	+	23 However, the total amount of money spent for this purpose in
	14274	+	24 any year may not exceed the total amount of money in the
	14275	+	25 allocation fund that is attributable to property taxes paid by the
	14276	+	26 industrial facilities described in this clause. The
	14277	+	27 reimbursements under this clause must be made not more than
	14278	+	28 three (3) years after the date on which the investments that are
	14279	+	29 the basis for the increment financing are made.
	14280	+	30 (G) Expend money and provide financial assistance as
	14281	+	31 authorized in section 9(a)(25) of this chapter.
	14282	+	32 Except as provided in clause (E), the allocation fund may not be
	14283	+	33 used for operating expenses of the reuse authority.
	14284	+	34 (4) Except as provided in subsection (g), before July 15 of each
	14285	+	35 year the reuse authority shall do the following:
	14286	+	36 (A) Determine the amount, if any, by which property taxes
	14287	+	37 payable to the allocation fund in the following year will exceed
	14288	+	38 the amount of property taxes necessary to make, when due,
	14289	+	39 principal and interest payments on bonds described in
	14290	+	40 subdivision (3) plus the amount necessary for other purposes
	14291	+	41 described in subdivision (3).
	14292	+	42 (B) Provide a written notice to the county auditor, the fiscal
	14293	+	ES 1—LS 7244/DI 120 330
	14294	+	1 body of the unit that established the reuse authority, and the
	14295	+	2 officers who are authorized to fix budgets, tax rates, and tax
	14296	+	3 levies under IC 6-1.1-17-5 for each of the other taxing units
	14297	+	4 that is wholly or partly located within the allocation area. The
	14298	+	5 notice must:
	14299	+	6 (i) state the amount, if any, of excess property taxes that the
	14300	+	7 reuse authority has determined may be paid to the respective
	14301	+	8 taxing units in the manner prescribed in subdivision (1); or
	14302	+	9 (ii) state that the reuse authority has determined that there
	14303	+	10 are no excess property tax proceeds that may be allocated to
	14304	+	11 the respective taxing units in the manner prescribed in
	14305	+	12 subdivision (1).
	14306	+	13 The county auditor shall allocate to the respective taxing units
	14307	+	14 the amount, if any, of excess property tax proceeds determined
	14308	+	15 by the reuse authority. The reuse authority may not authorize
	14309	+	16 a payment to the respective taxing units under this subdivision
	14310	+	17 if to do so would endanger the interest of the holders of bonds
	14311	+	18 described in subdivision (3) or lessors under section 19 of this
	14312	+	19 chapter.
	14313	+	20 (c) For the purpose of allocating taxes levied by or for any taxing
	14314	+	21 unit or units, the assessed value of taxable property in a territory in the
	14315	+	22 allocation area that is annexed by a taxing unit after the effective date
	14316	+	23 of the allocation provision of the declaratory resolution is the lesser of:
	14317	+	24 (1) the assessed value of the property for the assessment date with
	14318	+	25 respect to which the allocation and distribution is made; or
	14319	+	26 (2) the base assessed value.
	14320	+	27 (d) Property tax proceeds allocable to the military base reuse district
	14321	+	28 under subsection (b)(3) may, subject to subsection (b)(4), be
	14322	+	29 irrevocably pledged by the military base reuse district for payment as
	14323	+	30 set forth in subsection (b)(3).
	14324	+	31 (e) Notwithstanding any other law, each assessor shall, upon
	14325	+	32 petition of the reuse authority, reassess the taxable property situated
	14326	+	33 upon or in or added to the allocation area, effective on the next
	14327	+	34 assessment date after the petition.
	14328	+	35 (f) Notwithstanding any other law, the assessed value of all taxable
	14329	+	36 property in the allocation area, for purposes of tax limitation, property
	14330	+	37 tax replacement, and the making of the budget, tax rate, and tax levy
	14331	+	38 for each political subdivision in which the property is located is the
	14332	+	39 lesser of:
	14333	+	40 (1) the assessed value of the property as valued without regard to
	14334	+	41 this section; or
	14335	+	42 (2) the base assessed value.
	14336	+	ES 1—LS 7244/DI 120 331
	14337	+	1 (g) If any part of the allocation area is located in an enterprise zone
	14338	+	2 created under IC 5-28-15, the unit that designated the allocation area
	14339	+	3 shall create funds as specified in this subsection. A unit that has
	14340	+	4 obligations, bonds, or leases payable from allocated tax proceeds under
	14341	+	5 subsection (b)(3) shall establish an allocation fund for the purposes
	14342	+	6 specified in subsection (b)(3) and a special zone fund. Such a unit
	14343	+	7 shall, until the end of the enterprise zone phase out period, deposit each
	14344	+	8 year in the special zone fund any amount in the allocation fund derived
	14345	+	9 from property tax proceeds in excess of those described in subsection
	14346	+	10 (b)(1) and (b)(2) from property located in the enterprise zone that
	14347	+	11 exceeds the amount sufficient for the purposes specified in subsection
	14348	+	12 (b)(3) for the year. The amount sufficient for purposes specified in
	14349	+	13 subsection (b)(3) for the year shall be determined based on the pro rata
	14350	+	14 part of such current property tax proceeds from the part of the
	14351	+	15 enterprise zone that is within the allocation area as compared to all
	14352	+	16 such current property tax proceeds derived from the allocation area. A
	14353	+	17 unit that does not have obligations, bonds, or leases payable from
	14354	+	18 allocated tax proceeds under subsection (b)(3) shall establish a special
	14355	+	19 zone fund and deposit all the property tax proceeds in excess of those
	14356	+	20 described in subsection (b)(1) and (b)(2) that are derived from property
	14357	+	21 in the enterprise zone in the fund. The unit that creates the special zone
	14358	+	22 fund shall use the fund (based on the recommendations of the urban
	14359	+	23 enterprise association) for programs in job training, job enrichment,
	14360	+	24 and basic skill development that are designed to benefit residents and
	14361	+	25 employers in the enterprise zone or other purposes specified in
	14362	+	26 subsection (b)(3), except that where reference is made in subsection
	14363	+	27 (b)(3) to allocation area it shall refer for purposes of payments from the
	14364	+	28 special zone fund only to that part of the allocation area that is also
	14365	+	29 located in the enterprise zone. The programs shall reserve at least
	14366	+	30 one-half (1/2) of their enrollment in any session for residents of the
	14367	+	31 enterprise zone.
	14368	+	32 (h) After each reassessment of real property in an area under the
	14369	+	33 county's reassessment plan under IC 6-1.1-4-4.2, the department of
	14370	+	34 local government finance shall adjust the base assessed value one (1)
	14371	+	35 time to neutralize any effect of the reassessment of the real property in
	14372	+	36 the area on the property tax proceeds allocated to the military base
	14373	+	37 reuse district under this section. After each annual adjustment under
	14374	+	38 IC 6-1.1-4-4.5, the department of local government finance shall adjust
	14375	+	39 the base assessed value to neutralize any effect of the annual
	14376	+	40 adjustment on the property tax proceeds allocated to the military base
	14377	+	41 reuse district under this section. However, the adjustments under this
	14378	+	42 subsection may not include the effect of property tax abatements under
	14379	+	ES 1—LS 7244/DI 120 332
	14380	+	1 IC 6-1.1-12.1, and these adjustments may not produce less property tax
	14381	+	2 proceeds allocable to the military base reuse district under subsection
	14382	+	3 (b)(3) than would otherwise have been received if the reassessment
	14383	+	4 under the county's reassessment plan or annual adjustment had not
	14384	+	5 occurred. The department of local government finance may prescribe
	14385	+	6 procedures for county and township officials to follow to assist the
	14386	+	7 department in making the adjustments.
	14387	+	8 (i) If the reuse authority adopts a declaratory resolution or an
	14388	+	9 amendment to a declaratory resolution that contains an allocation
	14389	+	10 provision and the reuse authority makes either of the filings required
	14390	+	11 under section 12(c) or 13(f) of this chapter after the first anniversary of
	14391	+	12 the effective date of the allocation provision, the auditor of the county
	14392	+	13 in which the military base reuse district is located shall compute the
	14393	+	14 base assessed value for the allocation area using the assessment date
	14394	+	15 immediately preceding the later of:
	14395	+	16 (1) the date on which the documents are filed with the county
	14396	+	17 auditor; or
	14397	+	18 (2) the date on which the documents are filed with the department
	14398	+	19 of local government finance.
	14399	+	20 (j) For an allocation area established after June 30, 2024,
	14400	+	21 "residential property" refers to the assessed value of property that is
	14401	+	22 allocated to the one percent (1%) homestead land and improvement
	14402	+	23 categories in the county tax and billing software system, along with the
	14403	+	24 residential assessed value as defined for purposes of calculating the
	14404	+	25 rate for the local income tax property tax relief credit designated for
	14405	+	26 residential property under IC 6-3.6-5-6(d)(3) (before its expiration).
	14406	+	27 SECTION 238. IC 36-7-30.5-30, AS AMENDED BY P.L.174-2022,
	14407	+	28 SECTION 75, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	14408	+	29 JULY 1, 2027]: Sec. 30. (a) The following definitions apply throughout
	14409	+	30 this section:
	14410	+	31 (1) "Allocation area" means that part of a military base
	14411	+	32 development area to which an allocation provision of a
	14412	+	33 declaratory resolution adopted under section 16 of this chapter
	14413	+	34 refers for purposes of distribution and allocation of property taxes.
	14414	+	35 (2) "Base assessed value" means, subject to subsection (i):
	14415	+	36 (A) the net assessed value of all the property as finally
	14416	+	37 determined for the assessment date immediately preceding the
	14417	+	38 adoption date of the allocation provision of the declaratory
	14418	+	39 resolution, as adjusted under subsection (h); plus
	14419	+	40 (B) to the extent that it is not included in clause (A) or (C), the
	14420	+	41 net assessed value of any and all parcels or classes of parcels
	14421	+	42 identified as part of the base assessed value in the declaratory
	14422	+	ES 1—LS 7244/DI 120 333
	14423	+	1 resolution or an amendment to the declaratory resolution, as
	14424	+	2 finally determined for any subsequent assessment date; plus
	14425	+	3 (C) to the extent that it is not included in clause (A) or (B), the
	14426	+	4 net assessed value of property that is assessed as residential
	14427	+	5 property under the rules of the department of local government
	14428	+	6 finance, within the allocation area, as finally determined for
	14429	+	7 the current assessment date.
	14430	+	8 (3) "Property taxes" means taxes imposed under IC 6-1.1 on real
	14431	+	9 property.
	14432	+	10 (b) A declaratory resolution adopted under section 16 of this chapter
	14433	+	11 before the date set forth in IC 36-7-14-39(b) pertaining to declaratory
	14434	+	12 resolutions adopted under IC 36-7-14-15 may include a provision with
	14435	+	13 respect to the allocation and distribution of property taxes for the
	14436	+	14 purposes and in the manner provided in this section. A declaratory
	14437	+	15 resolution previously adopted may include an allocation provision by
	14438	+	16 the amendment of that declaratory resolution in accordance with the
	14439	+	17 procedures set forth in section 18 of this chapter. The allocation
	14440	+	18 provision may apply to all or part of the military base development
	14441	+	19 area. The allocation provision must require that any property taxes
	14442	+	20 subsequently levied by or for the benefit of any public body entitled to
	14443	+	21 a distribution of property taxes on taxable property in the allocation
	14444	+	22 area be allocated and distributed as follows:
	14445	+	23 (1) Except as otherwise provided in this section, the proceeds of
	14446	+	24 the taxes attributable to the lesser of:
	14447	+	25 (A) the assessed value of the property for the assessment date
	14448	+	26 with respect to which the allocation and distribution is made;
	14449	+	27 or
	14450	+	28 (B) the base assessed value;
	14451	+	29 shall be allocated to and, when collected, paid into the funds of
	14452	+	30 the respective taxing units.
	14453	+	31 (2) The excess of the proceeds of the property taxes imposed for
	14454	+	32 the assessment date with respect to which the allocation and
	14455	+	33 distribution is made that are attributable to taxes imposed after
	14456	+	34 being approved by the voters in a referendum or local public
	14457	+	35 question conducted after April 30, 2010, not otherwise included
	14458	+	36 in subdivision (1) shall be allocated to and, when collected, paid
	14459	+	37 into the funds of the taxing unit for which the referendum or local
	14460	+	38 public question was conducted.
	14461	+	39 (3) Except as otherwise provided in this section, property tax
	14462	+	40 proceeds in excess of those described in subdivisions (1) and (2)
	14463	+	41 shall be allocated to the development authority and, when
	14464	+	42 collected, paid into an allocation fund for that allocation area that
	14465	+	ES 1—LS 7244/DI 120 334
	14466	+	1 may be used by the development authority and only to do one (1)
	14467	+	2 or more of the following:
	14468	+	3 (A) Pay the principal of and interest and redemption premium
	14469	+	4 on any obligations incurred by the development authority or
	14470	+	5 any other entity for the purpose of financing or refinancing
	14471	+	6 military base development or reuse activities in or directly
	14472	+	7 serving or benefiting that allocation area.
	14473	+	8 (B) Establish, augment, or restore the debt service reserve for
	14474	+	9 bonds payable solely or in part from allocated tax proceeds in
	14475	+	10 that allocation area or from other revenues of the development
	14476	+	11 authority, including lease rental revenues.
	14477	+	12 (C) Make payments on leases payable solely or in part from
	14478	+	13 allocated tax proceeds in that allocation area.
	14479	+	14 (D) Reimburse any other governmental body for expenditures
	14480	+	15 made for local public improvements (or structures) in or
	14481	+	16 directly serving or benefiting that allocation area.
	14482	+	17 (E) For property taxes first due and payable before 2009, pay
	14483	+	18 all or a part of a property tax replacement credit to taxpayers
	14484	+	19 in an allocation area as determined by the development
	14485	+	20 authority. This credit equals the amount determined under the
	14486	+	21 following STEPS for each taxpayer in a taxing district (as
	14487	+	22 defined in IC 6-1.1-1-20) that contains all or part of the
	14488	+	23 allocation area:
	14489	+	24 STEP ONE: Determine that part of the sum of the amounts
	14490	+	25 under IC 6-1.1-21-2(g)(1)(A), IC 6-1.1-21-2(g)(2),
	14491	+	26 IC 6-1.1-21-2(g)(3), IC 6-1.1-21-2(g)(4), and
	14492	+	27 IC 6-1.1-21-2(g)(5) (before their repeal) that is attributable to
	14493	+	28 the taxing district.
	14494	+	29 STEP TWO: Divide:
	14495	+	30 (i) that part of each county's eligible property tax
	14496	+	31 replacement amount (as defined in IC 6-1.1-21-2 (before its
	14497	+	32 repeal)) for that year as determined under IC 6-1.1-21-4
	14498	+	33 (before its repeal) that is attributable to the taxing district;
	14499	+	34 by
	14500	+	35 (ii) the STEP ONE sum.
	14501	+	36 STEP THREE: Multiply:
	14502	+	37 (i) the STEP TWO quotient; by
	14503	+	38 (ii) the total amount of the taxpayer's taxes (as defined in
	14504	+	39 IC 6-1.1-21-2 (before its repeal)) levied in the taxing district
	14505	+	40 that have been allocated during that year to an allocation
	14506	+	41 fund under this section.
	14507	+	42 If not all the taxpayers in an allocation area receive the credit
	14508	+	ES 1—LS 7244/DI 120 335
	14509	+	1 in full, each taxpayer in the allocation area is entitled to
	14510	+	2 receive the same proportion of the credit. A taxpayer may not
	14511	+	3 receive a credit under this section and a credit under section
	14512	+	4 32 of this chapter (before its repeal) in the same year.
	14513	+	5 (F) Pay expenses incurred by the development authority for
	14514	+	6 local public improvements or structures that were in the
	14515	+	7 allocation area or directly serving or benefiting the allocation
	14516	+	8 area.
	14517	+	9 (G) Reimburse public and private entities for expenses
	14518	+	10 incurred in training employees of industrial facilities that are
	14519	+	11 located:
	14520	+	12 (i) in the allocation area; and
	14521	+	13 (ii) on a parcel of real property that has been classified as
	14522	+	14 industrial property under the rules of the department of local
	14523	+	15 government finance.
	14524	+	16 However, the total amount of money spent for this purpose in
	14525	+	17 any year may not exceed the total amount of money in the
	14526	+	18 allocation fund that is attributable to property taxes paid by the
	14527	+	19 industrial facilities described in this clause. The
	14528	+	20 reimbursements under this clause must be made not more than
	14529	+	21 three (3) years after the date on which the investments that are
	14530	+	22 the basis for the increment financing are made.
	14531	+	23 (H) Expend money and provide financial assistance as
	14532	+	24 authorized in section 15(26) of this chapter.
	14533	+	25 The allocation fund may not be used for operating expenses of the
	14534	+	26 development authority.
	14535	+	27 (4) Except as provided in subsection (g), before July 15 of each
	14536	+	28 year the development authority shall do the following:
	14537	+	29 (A) Determine the amount, if any, by which property taxes
	14538	+	30 payable to the allocation fund in the following year will exceed
	14539	+	31 the amount of property taxes necessary to make, when due,
	14540	+	32 principal and interest payments on bonds described in
	14541	+	33 subdivision (3) plus the amount necessary for other purposes
	14542	+	34 described in subdivisions (2) and (3).
	14543	+	35 (B) Provide a written notice to the appropriate county auditors
	14544	+	36 and the fiscal bodies and other officers who are authorized to
	14545	+	37 fix budgets, tax rates, and tax levies under IC 6-1.1-17-5 for
	14546	+	38 each of the other taxing units that is wholly or partly located
	14547	+	39 within the allocation area. The notice must:
	14548	+	40 (i) state the amount, if any, of the excess property taxes that
	14549	+	41 the development authority has determined may be paid to
	14550	+	42 the respective taxing units in the manner prescribed in
	14551	+	ES 1—LS 7244/DI 120 336
	14552	+	1 subdivision (1); or
	14553	+	2 (ii) state that the development authority has determined that
	14554	+	3 there is no excess assessed value that may be allocated to the
	14555	+	4 respective taxing units in the manner prescribed in
	14556	+	5 subdivision (1).
	14557	+	6 The county auditors shall allocate to the respective taxing units
	14558	+	7 the amount, if any, of excess assessed value determined by the
	14559	+	8 development authority. The development authority may not
	14560	+	9 authorize a payment to the respective taxing units under this
	14561	+	10 subdivision if to do so would endanger the interest of the
	14562	+	11 holders of bonds described in subdivision (3) or lessors under
	14563	+	12 section 24 of this chapter. Property taxes received by a taxing
	14564	+	13 unit under this subdivision before 2009 are eligible for the
	14565	+	14 property tax replacement credit provided under IC 6-1.1-21
	14566	+	15 (before its repeal).
	14567	+	16 (c) For the purpose of allocating taxes levied by or for any taxing
	14568	+	17 unit or units, the assessed value of taxable property in a territory in the
	14569	+	18 allocation area that is annexed by a taxing unit after the effective date
	14570	+	19 of the allocation provision of the declaratory resolution is the lesser of:
	14571	+	20 (1) the assessed value of the property for the assessment date with
	14572	+	21 respect to which the allocation and distribution is made; or
	14573	+	22 (2) the base assessed value.
	14574	+	23 (d) Property tax proceeds allocable to the military base development
	14575	+	24 district under subsection (b)(3) may, subject to subsection (b)(4), be
	14576	+	25 irrevocably pledged by the military base development district for
	14577	+	26 payment as set forth in subsection (b)(3).
	14578	+	27 (e) Notwithstanding any other law, each assessor shall, upon
	14579	+	28 petition of the development authority, reassess the taxable property
	14580	+	29 situated upon or in or added to the allocation area, effective on the next
	14581	+	30 assessment date after the petition.
	14582	+	31 (f) Notwithstanding any other law, the assessed value of all taxable
	14583	+	32 property in the allocation area, for purposes of tax limitation, property
	14584	+	33 tax replacement, and the making of the budget, tax rate, and tax levy
	14585	+	34 for each political subdivision in which the property is located is the
	14586	+	35 lesser of:
	14587	+	36 (1) the assessed value of the property as valued without regard to
	14588	+	37 this section; or
	14589	+	38 (2) the base assessed value.
	14590	+	39 (g) If any part of the allocation area is located in an enterprise zone
	14591	+	40 created under IC 5-28-15, the development authority shall create funds
	14592	+	41 as specified in this subsection. A development authority that has
	14593	+	42 obligations, bonds, or leases payable from allocated tax proceeds under
	14594	+	ES 1—LS 7244/DI 120 337
	14595	+	1 subsection (b)(3) shall establish an allocation fund for the purposes
	14596	+	2 specified in subsection (b)(3) and a special zone fund. The
	14597	+	3 development authority shall, until the end of the enterprise zone phase
	14598	+	4 out period, deposit each year in the special zone fund any amount in the
	14599	+	5 allocation fund derived from property tax proceeds in excess of those
	14600	+	6 described in subsection (b)(1) and (b)(2) from property located in the
	14601	+	7 enterprise zone that exceeds the amount sufficient for the purposes
	14602	+	8 specified in subsection (b)(3) for the year. The amount sufficient for
	14603	+	9 purposes specified in subsection (b)(3) for the year shall be determined
	14604	+	10 based on the pro rata part of such current property tax proceeds from
	14605	+	11 the part of the enterprise zone that is within the allocation area as
	14606	+	12 compared to all such current property tax proceeds derived from the
	14607	+	13 allocation area. A development authority that does not have
	14608	+	14 obligations, bonds, or leases payable from allocated tax proceeds under
	14609	+	15 subsection (b)(3) shall establish a special zone fund and deposit all the
	14610	+	16 property tax proceeds in excess of those described in subsection (b)(1)
	14611	+	17 and (b)(2) that are derived from property in the enterprise zone in the
	14612	+	18 fund. The development authority that creates the special zone fund
	14613	+	19 shall use the fund (based on the recommendations of the urban
	14614	+	20 enterprise association) for programs in job training, job enrichment,
	14615	+	21 and basic skill development that are designed to benefit residents and
	14616	+	22 employers in the enterprise zone or for other purposes specified in
	14617	+	23 subsection (b)(3), except that where reference is made in subsection
	14618	+	24 (b)(3) to an allocation area it shall refer for purposes of payments from
	14619	+	25 the special zone fund only to that part of the allocation area that is also
	14620	+	26 located in the enterprise zone. The programs shall reserve at least
	14621	+	27 one-half (1/2) of their enrollment in any session for residents of the
	14622	+	28 enterprise zone.
	14623	+	29 (h) After each reassessment of real property in an area under a
	14624	+	30 reassessment plan prepared under IC 6-1.1-4-4.2, the department of
	14625	+	31 local government finance shall adjust the base assessed value one (1)
	14626	+	32 time to neutralize any effect of the reassessment of the real property in
	14627	+	33 the area on the property tax proceeds allocated to the military base
	14628	+	34 development district under this section. After each annual adjustment
	14629	+	35 under IC 6-1.1-4-4.5, the department of local government finance shall
	14630	+	36 adjust the base assessed value to neutralize any effect of the annual
	14631	+	37 adjustment on the property tax proceeds allocated to the military base
	14632	+	38 development district under this section. However, the adjustments
	14633	+	39 under this subsection may not include the effect of property tax
	14634	+	40 abatements under IC 6-1.1-12.1, and these adjustments may not
	14635	+	41 produce less property tax proceeds allocable to the military base
	14636	+	42 development district under subsection (b)(3) than would otherwise
	14637	+	ES 1—LS 7244/DI 120 338
	14638	+	1 have been received if the reassessment under the county's reassessment
	14639	+	2 plan or annual adjustment had not occurred. The department of local
	14640	+	3 government finance may prescribe procedures for county and township
	14641	+	4 officials to follow to assist the department in making the adjustments.
	14642	+	5 (i) If the development authority adopts a declaratory resolution or
	14643	+	6 an amendment to a declaratory resolution that contains an allocation
	14644	+	7 provision and the development authority makes either of the filings
	14645	+	8 required under section 17(e) or 18(f) of this chapter after the first
	14646	+	9 anniversary of the effective date of the allocation provision, the auditor
	14647	+	10 of the county in which the military base development district is located
	14648	+	11 shall compute the base assessed value for the allocation area using the
	14649	+	12 assessment date immediately preceding the later of:
	14650	+	13 (1) the date on which the documents are filed with the county
	14651	+	14 auditor; or
	14652	+	15 (2) the date on which the documents are filed with the department
	14653	+	16 of local government finance.
	14654	+	17 (j) For an allocation area established after June 30, 2024,
	14655	+	18 "residential property" refers to the assessed value of property that is
	14656	+	19 allocated to the one percent (1%) homestead land and improvement
	14657	+	20 categories in the county tax and billing software system, along with the
	14658	+	21 residential assessed value as defined for purposes of calculating the
	14659	+	22 rate for the local income tax property tax relief credit designated for
	14660	+	23 residential property under IC 6-3.6-5-6(d)(3) (before its expiration).
	14661	+	24 SECTION 239. IC 36-7.5-4-2.5, AS ADDED BY P.L.189-2018,
	14662	+	25 SECTION 173, IS AMENDED TO READ AS FOLLOWS
	14663	+	26 [EFFECTIVE JULY 1, 2027]: Sec. 2.5. (a) This section applies to a
	14664	+	27 unit that has previously:
	14665	+	28 (1) entered into an interlocal cooperation or other similar
	14666	+	29 agreement;
	14667	+	30 (2) adopted an ordinance or resolution; or
	14668	+	31 (3) taken any other action offering to support and finance:
	14669	+	32 (A) a rail project or rail projects under this chapter; or
	14670	+	33 (B) the double tracking project under IC 36-7.5-4.5.
	14671	+	34 (b) The unit may use any legally available revenue to support and
	14672	+	35 finance the projects described in subsection (a)(3), including additional
	14673	+	36 revenue general purpose revenue allocated each year for economic
	14674	+	37 development under IC 6-3.6-6-9. IC 6-3.6-6.
	14675	+	38 (c) Additional revenue allocated for economic development to
	14676	+	39 support and finance the projects under this section shall be paid by the
	14677	+	40 treasurer of state to the treasurer of the northwest Indiana regional
	14678	+	41 development authority under section 2 of this chapter before certified
	14679	+	42 distributions are made to the county or any civil taxing unit in the
	14680	+	ES 1—LS 7244/DI 120 339
	14681	+	1 county or counties in which the unit is located.
	14682	+	2 (d) A transfer made on behalf of a unit under subsection (c) after
	14683	+	3 December 31, 2018, is considered to be a payment for services
	14684	+	4 provided to residents by a rail project as those services are rendered.
	14685	+	5 (e) A pledge by the development authority of transferred revenue
	14686	+	6 under this section to the payment of bonds, leases, or obligations under
	14687	+	7 this article or IC 5-1.3:
	14688	+	8 (1) constitutes the obligations of the northwest Indiana regional
	14689	+	9 development authority; and
	14690	+	10 (2) does not constitute an indebtedness of:
	14691	+	11 (A) a unit described in this section; or
	14692	+	12 (B) the state;
	14693	+	13 within the meaning or application of any constitutional or
	14694	+	14 statutory provision or limitation.
	14695	+	15 (f) Neither the transfer of revenue nor the pledge of revenue
	14696	+	16 transferred under this section is an impairment of contract within the
	14697	+	17 meaning or application of any constitutional provision or limitation
	14698	+	18 because of the following:
	14699	+	19 (1) The statutes governing local income taxes, including the
	14700	+	20 transferred revenue, have been the subject of legislation annually
	14701	+	21 since 1973, and during that time the statutes have been revised,
	14702	+	22 amended, expanded, limited, and recodified dozens of times.
	14703	+	23 (2) Owners of bonds, leases, or other obligations to which local
	14704	+	24 income tax revenues have been pledged recognize that the
	14705	+	25 regulation of local income taxes has been extensive and
	14706	+	26 consistent.
	14707	+	27 (3) All bonds, leases, or other obligations, due to their essential
	14708	+	28 contractual nature, are subject to relevant state and federal law
	14709	+	29 that is enacted after the date of a contract.
	14710	+	30 (4) The state of Indiana has a legitimate interest in assisting the
	14711	+	31 northwest Indiana regional development authority in financing
	14712	+	32 rail projects.
	14713	+	33 (g) All proceedings had and actions described in this section are
	14714	+	34 valid pledges under IC 5-1-14-4 as of the date of those proceedings or
	14715	+	35 actions and are hereby legalized and declared valid if taken before
	14716	+	36 March 15, 2018.
	14717	+	37 SECTION 240. IC 36-8-19-7, AS AMENDED BY P.L.95-2022,
	14718	+	38 SECTION 8, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	14719	+	39 JANUARY 1, 2025 (RETROACTIVE)]: Sec. 7. (a) Subject to
	14720	+	40 subsection (d), a tax levied under this chapter may be levied at:
	14721	+	41 (1) a uniform rate upon all taxable property within the territory;
	14722	+	42 or
	14723	+	ES 1—LS 7244/DI 120 340
	14724	+	1 (2) different rates for the participating units included within the
	14725	+	2 territory, so long as a tax rate applies uniformly to all of a unit's
	14726	+	3 or fire protection district's taxable property within the territory.
	14727	+	4 (b) If a uniform tax rate is levied upon all taxable property within a
	14728	+	5 territory upon the formation of the territory, different tax rates may be
	14729	+	6 levied for the participating units included within the territory in
	14730	+	7 subsequent years.
	14731	+	8 (c) This subsection applies to a territory established by an ordinance
	14732	+	9 or a resolution adopted under this chapter after December 31, 2022. A
	14733	+	10 total tax rate levied under this chapter upon taxable property within a
	14734	+	11 territory upon the formation of the territory may be implemented over
	14735	+	12 a number of years, not exceeding five (5), and in a manner subject to
	14736	+	13 review and approval by the department of local government finance.
	14737	+	14 (d) This subsection applies to a territory established by an
	14738	+	15 ordinance or a resolution adopted under this chapter after
	14739	+	16 December 31, 2024. The provider unit and each participating unit
	14740	+	17 in a territory may not impose a tax rate on the unit's or fire
	14741	+	18 protection district's taxable property within the territory that
	14742	+	19 exceeds forty cents ($0.40) per one hundred dollars ($100) of
	14743	+	20 assessed valuation.
	14744	+	21 SECTION 241. IC 36-8-19-7.5, AS AMENDED BY P.L.38-2021,
	14745	+	22 SECTION 100, IS AMENDED TO READ AS FOLLOWS
	14746	+	23 [EFFECTIVE JANUARY 1, 2025 (RETROACTIVE)]: Sec. 7.5. (a)
	14747	+	24 This section applies to:
	14748	+	25 (1) local income tax distributions; and
	14749	+	26 (2) excise tax distributions;
	14750	+	27 made after December 31, 2009.
	14751	+	28 (b) Except as provided in subsection (c), for purposes of allocating
	14752	+	29 local income tax distributions that are based on a taxing unit's
	14753	+	30 allocation amount before January 1, 2028, or that an adopting body
	14754	+	31 allocates under IC 6-3.6-6 to economic development before January
	14755	+	32 1, 2028, or excise tax distributions that are distributed based on the
	14756	+	33 amount of a taxing unit's property tax levies, each participating unit in
	14757	+	34 a territory is considered to have imposed a part of the property tax levy
	14758	+	35 imposed for the territory. The part of the property tax levy imposed for
	14759	+	36 the territory for a particular year that shall be attributed to a
	14760	+	37 participating unit is equal to the amount determined in the following
	14761	+	38 STEPS:
	14762	+	39 STEP ONE: Determine the total amount of all property taxes
	14763	+	40 imposed by the participating unit in the year before the year in
	14764	+	41 which a property tax levy was first imposed for the territory.
	14765	+	42 STEP TWO: Determine the sum of the STEP ONE amounts for
	14766	+	ES 1—LS 7244/DI 120 341
	14767	+	1 all participating units.
	14768	+	2 STEP THREE: Divide the STEP ONE result by the STEP TWO
	14769	+	3 result.
	14770	+	4 STEP FOUR: Multiply the STEP THREE result by the property
	14771	+	5 tax levy imposed for the territory for the particular year.
	14772	+	6 (c) This subsection applies to a determination under subsection (b)
	14773	+	7 made in calendar years 2018, 2019, and 2020. The department of local
	14774	+	8 government finance may, for distributions made in calendar year 2022,
	14775	+	9 adjust the allocation amount determined under subsection (b) to correct
	14776	+	10 for any clerical or mathematical errors made in any determination for
	14777	+	11 calendar year 2018, 2019, or 2020, as applicable, including the
	14778	+	12 allocation amount for any taxing unit whose distribution was affected
	14779	+	13 by the clerical or mathematical error in those years. The department of
	14780	+	14 local government finance may apply the adjustment to the allocation
	14781	+	15 amount for a taxing unit over a period not to exceed ten (10) years in
	14782	+	16 order to offset the effect of the adjustment on the distribution.
	14783	+	17 (d) This subsection applies to a territory established by an
	14784	+	18 ordinance or a resolution adopted under this chapter after
	14785	+	19 December 31, 2024. Before additional revenue from a local income
	14786	+	20 tax rate may be allocated to the provider unit of a new territory
	14787	+	21 due to an increased property tax levy resulting from the
	14788	+	22 establishment of the territory, the county fiscal body must adopt an
	14789	+	23 ordinance or resolution approving the allocation.
	14790	+	24 SECTION 242. IC 36-8-19-8, AS AMENDED BY P.L.236-2023,
	14791	+	25 SECTION 209, IS AMENDED TO READ AS FOLLOWS
	14792	+	26 [EFFECTIVE JULY 1, 2027]: Sec. 8. (a) Upon the adoption of
	14793	+	27 identical ordinances or resolutions, or both, by the participating units
	14794	+	28 under section 6 of this chapter, the designated provider unit must
	14795	+	29 establish a fire protection territory fund from which all expenses of
	14796	+	30 operating and maintaining the fire protection services within the
	14797	+	31 territory, including repairs, fees, salaries, depreciation on all
	14798	+	32 depreciable assets, rents, supplies, contingencies, and all other
	14799	+	33 expenses lawfully incurred within the territory shall be paid. The
	14800	+	34 purposes described in this subsection are the sole purposes of the fund,
	14801	+	35 and money in the fund may not be used for any other expenses. Except
	14802	+	36 as allowed in subsections (d) and (e) and section 8.5 of this chapter, the
	14803	+	37 provider unit is not authorized to transfer money out of the fund at any
	14804	+	38 time.
	14805	+	39 (b) The fund consists of the following:
	14806	+	40 (1) All receipts from the tax imposed under this section.
	14807	+	41 (2) Any money transferred to the fund by the provider unit as
	14808	+	42 authorized under subsection (d).
	14809	+	ES 1—LS 7244/DI 120 342
	14810	+	1 (3) Any receipts from a false alarm fee or service charge imposed
	14811	+	2 by the participating units under IC 36-8-13-4.
	14812	+	3 (4) Any money transferred to the fund by a participating unit
	14813	+	4 under section 8.6 of this chapter.
	14814	+	5 (5) Any receipts from a distribution made under IC 6-3.6-6-8(d),
	14815	+	6 IC 6-3.6-6-8(b), which shall be deposited in the fund.
	14816	+	7 (c) The provider unit, with the assistance of each of the other
	14817	+	8 participating units, shall annually budget the necessary money to meet
	14818	+	9 the expenses of operation and maintenance of the fire protection
	14819	+	10 services within the territory. The provider unit may maintain a
	14820	+	11 reasonable balance, not to exceed one hundred twenty percent (120%)
	14821	+	12 of the budgeted expenses. Except as provided in IC 6-1.1-18.5-10.5,
	14822	+	13 and subject to section 7(c) of this chapter, after estimating expenses
	14823	+	14 and receipts of money, the provider unit shall establish the tax levy
	14824	+	15 required to fund the estimated budget. Subject to IC 6-1.1-18.5-10.5(c),
	14825	+	16 the amount budgeted under this subsection shall be considered a part
	14826	+	17 of each of the participating unit's budget.
	14827	+	18 (d) If the amount levied in a particular year is insufficient to cover
	14828	+	19 the costs incurred in providing fire protection services within the
	14829	+	20 territory, the provider unit may transfer from available sources to the
	14830	+	21 fire protection territory fund the money needed to cover those costs. In
	14831	+	22 this case:
	14832	+	23 (1) the levy in the following year shall be increased by the amount
	14833	+	24 required to be transferred; and
	14834	+	25 (2) the provider unit is entitled to transfer the amount described
	14835	+	26 in subdivision (1) from the fund as reimbursement to the provider
	14836	+	27 unit.
	14837	+	28 (e) If the amount levied in a particular year exceeds the amount
	14838	+	29 necessary to cover the costs incurred in providing fire protection
	14839	+	30 services within the territory, the levy in the following year shall be
	14840	+	31 reduced by the amount of surplus money that is not transferred to the
	14841	+	32 equipment replacement fund established under section 8.5 of this
	14842	+	33 chapter. The amount that may be transferred to the equipment
	14843	+	34 replacement fund may not exceed five percent (5%) of the levy for that
	14844	+	35 fund for that year. Each participating unit must agree to the amount to
	14845	+	36 be transferred by adopting an ordinance (if the unit is a county or
	14846	+	37 municipality) or a resolution (if the unit is a township) that specifies an
	14847	+	38 identical amount to be transferred.
	14848	+	39 (f) The tax under this section is subject to the tax levy limitations
	14849	+	40 imposed under IC 6-1.1-18.5-10.5.
	14850	+	41 SECTION 243. [EFFECTIVE JANUARY 1, 2025
	14851	+	42 (RETROACTIVE)] (a) IC 6-1.1-51.3, as added by this act, applies to
	14852	+	ES 1—LS 7244/DI 120 343
	14853	+	1 property taxes imposed for assessment dates on or after January
	14854	+	2 1, 2025.
	14855	+	3 (b) This SECTION expires June 30, 2029.
	14856	+	4 SECTION 244. [EFFECTIVE JANUARY 1, 2025
	14857	+	5 (RETROACTIVE)] (a) IC 6-1.1-4-4.5 and IC 6-1.1-20.6-8.5, both as
	14858	+	6 amended by this act, apply to assessment dates occurring after
	14859	+	7 December 31, 2024, for property taxes first due and payable in
	14860	+	8 2026.
	14861	+	9 (b) This SECTION expires June 30, 2029.
	14862	+	10 SECTION 245. [EFFECTIVE JANUARY 1, 2026] (a)
	14863	+	11 IC 6-1.1-18.5-12 and IC 6-1.1-18.5-13, both as amended by this act,
	14864	+	12 apply to property tax levies after December 31, 2025.
	14865	+	13 (b) IC 6-1.1-18.5-12 and IC 6-1.1-18.5-13, before their
	14866	+	14 amendment by this act, apply to property tax levies for 2025.
	14867	+	15 (c) This SECTION expires January 1, 2030.
	14868	+	16 SECTION 246. [EFFECTIVE JUNE 30, 2027] (a) Notwithstanding
	14869	+	17 the July 1, 2027, effective date for IC 6-3.6-6-0.5, IC 6-3.6-6-4.3,
	14870	+	18 IC 6-3.6-6-4.5, and IC 6-3.6-6-6.1, all as added by this act; the July
	14871	+	19 1, 2027, effective date for IC 6-3.6-6-2, IC 6-3.6-6-3, IC 6-3.6-6-4,
	14872	+	20 IC 6-3.6-6-8, IC 6-3.6-6-8.5, IC 6-3.6-6-9.5, IC 6-3.6-6-17,
	14873	+	21 IC 6-3.6-6-18, IC 6-3.6-6-19, and IC 6-3.6-6-21, all as amended by
	14874	+	22 this act; and the July 1, 2027, or January 1, 2028, repeal of
	14875	+	23 IC 6-3.6-6-2.5, IC 6-3.6-6-2.6, IC 6-3.6-6-2.7, IC 6-3.6-6-2.8,
	14876	+	24 IC 6-3.6-6-2.9, IC 6-3.6-6-9, IC 6-3.6-6-10, IC 6-3.6-6-11,
	14877	+	25 IC 6-3.6-6-12, IC 6-3.6-6-14, IC 6-3.6-6-15, IC 6-3.6-6-16, and
	14878	+	26 IC 6-3.6-6-20, all as repealed by this act; the method used to
	14879	+	27 determine the amount of a particular distribution of revenue
	14880	+	28 before July 1, 2027, shall continue to be used for these
	14881	+	29 determinations for all of 2027.
	14882	+	30 (b) Notwithstanding the adoption of different tax rates by a
	14883	+	31 county applicable after 2027 or the adoption of municipal tax rates
	14884	+	32 under IC 6-3.6-6-22, as added by this act, applicable after 2027, or
	14885	+	33 any other provision of law, the certified distribution methodology
	14886	+	34 calculation for local income tax distributions made in 2027 shall
	14887	+	35 continue for local income tax distributions made in 2028 and 2029
	14888	+	36 to account for the transition to any new tax rates.
	14889	+	37 (c) This SECTION expires June 30, 2030.
	14890	+	38 SECTION 247. [EFFECTIVE JUNE 30, 2027] (a) As used in this
	14891	+	39 SECTION, "local income tax council" means a local income tax
	14892	+	40 council established under IC 6-3.6-3-1, before its amendment by
	14893	+	41 this act.
	14894	+	42 (b) On July 1, 2027, all powers, duties, and authorities of a local
	14895	+	ES 1—LS 7244/DI 120 344
	14896	+	1 income tax council are transferred to the fiscal body of the county
	14897	+	2 in which it is located.
	14898	+	3 (c) An ordinance adopted by a local income tax council under
	14899	+	4 IC 6-3.6 before July 1, 2027, continues in effect after June 30, 2027,
	14900	+	5 and is valid and binding until it is rescinded or otherwise amended
	14901	+	6 by the county fiscal body.
	14902	+	7 (d) On or before July 1, 2027, all records and property under
	14903	+	8 the control of a local income tax council shall be transferred to the
	14904	+	9 fiscal body of the county in which it is located.
	14905	+	10 (e) After June 30, 2027, a reference to a local income tax council
	14906	+	11 in any statute, rule, or other document is considered a reference to
	14907	+	12 the county fiscal body.
	14908	+	13 (f) This SECTION expires June 30, 2030.
	14909	+	14 SECTION 248. An emergency is declared for this act.
	14910	+	ES 1—LS 7244/DI 120 345
	14911	+	COMMITTEE REPORT
	14912	+	Mr. President: The Senate Committee on Tax and Fiscal Policy, to
	14913	+	which was referred Senate Bill No. 1, has had the same under
	14914	+	consideration and begs leave to report the same back to the Senate with
	14915	+	the recommendation that said bill be AMENDED as follows:
	14916	+	Delete everything after the enacting clause and insert the following:
	14917	+	(SEE TEXT OF BILL)
	14918	+	and when so amended that said bill do pass.
	14919	+	(Reference is to SB 1 as introduced.)
	14920	+	HOLDMAN, Chairperson
	14921	+	Committee Vote: Yeas 10, Nays 3.
	14922	+	_____
	14923	+	COMMITTEE REPORT
	14924	+	Mr. Speaker: Your Committee on Ways and Means, to which was
	14925	+	referred Senate Bill 1, has had the same under consideration and begs
	14926	+	leave to report the same back to the House with the recommendation
	14927	+	that said bill be amended as follows:
	14928	+	Delete the title and insert the following:
	14929	+	A BILL FOR AN ACT to amend the Indiana Code concerning
	14930	+	taxation and to make an appropriation.
	14931	+	Delete everything after the enacting clause and insert the following:
	14932	+	(SEE TEXT OF BILL)
	14933	+	and when so amended that said bill do pass.
	14934	+	(Reference is to SB 1 as printed February 12, 2025.)
	14935	+	THOMPSON
	14936	+	Committee Vote: yeas 15, nays 8.
	14937	+	ES 1—LS 7244/DI 120 346
	14938	+	HOUSE MOTION
	14939	+	Mr. Speaker: I move that Engrossed Senate Bill 1 be amended to
	14940	+	read as follows:
	14941	+	Page 5, line 33, delete "the business personal property tax
	14942	+	exemption under".
	14943	+	Page 5, line 34, delete "IC 6-1.1-10.4,".
	14944	+	Page 5, line 35, after "IC 6-1.1-12-37.5(c)" delete ",".
	14945	+	Page 6, line 42, delete "one hundred fifteen thousand dollars
	14946	+	($115,000)" and insert "one million dollars ($1,000,000)".
	14947	+	Page 7, line 2, delete "one hundred fifty thousand dollars
	14948	+	($150,000)" and insert "two million dollars ($2,000,000)".
	14949	+	Page 8, line 22, after "of this" insert "chapter.".
	14950	+	Page 8, delete lines 23 through 25.
	14951	+	Page 14, delete lines 22 through 42, begin a new paragraph and
	14952	+	insert:
	14953	+	"SECTION 11. IC 6-1.1-3-29 IS ADDED TO THE INDIANA
	14954	+	CODE AS A NEW SECTION TO READ AS FOLLOWS
	14955	+	[EFFECTIVE JANUARY 1, 2025 (RETROACTIVE)]: Sec. 29. (a)
	14956	+	This subsection applies only to a taxpayer's assessable depreciable
	14957	+	personal property that is placed in service on or before January 1,
	14958	+	2025. Except as provided in subsections (b) and (c), for each
	14959	+	assessment date, the total valuation of a taxpayer's assessable
	14960	+	depreciable personal property in a single taxing district may not be
	14961	+	less than thirty percent (30%) of the adjusted cost of all the
	14962	+	taxpayer's assessable depreciable personal property in the taxing
	14963	+	district.
577	14964		(b) The limitation set forth in subsection (a) is to be applied
578	14965		before any special adjustment for abnormal obsolescence. The
579	14966		limitation does not apply to equipment not placed in service,
580	14967		special tooling, and permanently retired depreciable personal
581	14968		property.
582	14969		(c) Depreciable personal property that is placed in service after
583	14970		January 1, 2025, is not subject to the minimum valuation limitation
584	14971		under this section. However, if depreciable personal property is
585	14972		placed in service after January 1, 2025, and:
586	14973		(1) is located in an existing tax increment allocation area for
587	14974		which the base assessed value is determined before January
588	14975		1, 2025; or
589	14976		(2) property tax revenue that is attributable to the depreciable
590	14977		personal property is pledged as payment for bonds, leases, or
591	14978		other obligations;
592	14979		the depreciable personal property remains subject to the minimum
593		-	valuation limitations under this section.
594		-	SECTION 12. IC 6-1.1-4-4.5, AS AMENDED BY P.L.8-2022,
595		-	SECTION 1, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
596		-	SEA 1 — Concur 15
597		-	JANUARY 1, 2025 (RETROACTIVE)]: Sec. 4.5. (a) The department
598		-	of local government finance shall adopt rules establishing a system for
599		-	annually adjusting the assessed value of real property to account for
600		-	changes in value in those years since a reassessment under section 4.2
601		-	of this chapter for the property last took effect.
602		-	(b) Subject to subsection (f), the system must be applied to adjust
603		-	assessed values beginning with the 2006 assessment date and each year
604		-	thereafter that is not a year in which a reassessment under section 4.2
605		-	of this chapter for the property becomes effective.
606		-	(c) The rules adopted under subsection (a) must include the
607		-	following characteristics in the system:
608		-	(1) Promote uniform and equal assessment of real property within
609		-	and across classifications.
610		-	(2) Require that assessing officials:
611		-	(A) reevaluate the factors that affect value;
612		-	(B) express the interactions of those factors mathematically;
613		-	(C) use mass appraisal techniques to estimate updated property
614		-	values within statistical measures of accuracy; and
615		-	(D) provide notice to taxpayers of an assessment increase that
616		-	results from the application of annual adjustments.
617		-	(3) Prescribe procedures that permit the application of the
618		-	adjustment percentages in an efficient manner by assessing
619		-	officials.
620		-	(d) The department of local government finance must review and
621		-	certify each annual adjustment determined under this section.
622		-	(e) For an assessment beginning after December 31, 2022,
623		-	agricultural improvements such as but not limited to barns, grain bins,
624		-	or silos on land assessed as agricultural shall not be adjusted using
625		-	factors, such as neighborhood delineation, that are appropriate for use
626		-	in adjusting residential, commercial, and industrial real property. Those
627		-	portions of agricultural parcels that include land and buildings not used
628		-	for an agricultural purpose, such as homes, homesites, and excess
629		-	residential land and commercial or industrial land and buildings, shall
630		-	be adjusted by the factor or factors developed for other similar property
631		-	within the geographic stratification. The residential portion of
632		-	agricultural properties shall be adjusted by the factors applied to
633		-	similar residential purposes.
634		-	(f) In making the annual determination of the base rate to satisfy the
635		-	requirement for an annual adjustment for each assessment date, the
636		-	department of local government finance shall, not later than March 1
637		-	of each year, determine the base rate using the methodology reflected
638		-	in Table 2-18 of Book 1, Chapter 2 of the department of local
639		-	SEA 1 — Concur 16
640		-	government finance's Real Property Assessment Guidelines (as in
641		-	effect on January 1, 2005), except that the department shall adjust the
642		-	methodology as follows:
643		-	(1) Use a six (6) year rolling average adjusted under subdivision
644		-	(3) instead of a four (4) year rolling average.
645		-	(2) Use the data from the six (6) most recent years preceding the
646		-	year in which the assessment date occurs for which data is
647		-	available, before one (1) of those six (6) years is eliminated under
648		-	subdivision (3) when determining the rolling average.
649		-	(3) Eliminate in the calculation of the rolling average the year
650		-	among the six (6) years for which the highest market value in use
651		-	of agricultural land is determined.
652		-	(4) After determining a preliminary base rate that would apply for
653		-	the assessment date without applying the adjustment under this
654		-	subdivision, the department of local government finance shall
655		-	adjust the preliminary base rate as follows:
656		-	(A) If the preliminary base rate for the assessment date would
657		-	be at least ten percent (10%) greater than the final base rate
658		-	determined for the preceding assessment date, a capitalization
659		-	rate of:
660		-	(i) for purposes of determining the preliminary base rate
661		-	for the January 1, 2025, and the January 1, 2026,
662		-	assessment dates, nine percent (9%); and
663		-	(ii) for purposes of determining the preliminary base
664		-	rate for assessment dates before January 1, 2025, and for
665		-	assessment dates after December 31, 2026, eight percent
666		-	(8%);
667		-	shall be used to determine the final base rate.
668		-	(B) If the preliminary base rate for the assessment date would
669		-	be at least ten percent (10%) less than the final base rate
670		-	determined for the preceding assessment date, a capitalization
671		-	rate of six percent (6%) shall be used to determine the final
672		-	base rate.
673		-	(C) If neither clause (A) nor clause (B) applies, a capitalization
674		-	rate of seven percent (7%) shall be used to determine the final
675		-	base rate.
676		-	(D) In the case of a market value in use for a year that is used
677		-	in the calculation of the six (6) year rolling average under
678		-	subdivision (1) for purposes of determining the base rate for
679		-	the assessment date:
680		-	(i) that market value in use shall be recalculated by using the
681		-	capitalization rate determined under clauses (A) through (C)
682		-	SEA 1 — Concur 17
683		-	for the calculation of the base rate for the assessment date;
684		-	and
685		-	(ii) the market value in use recalculated under item (i) shall
686		-	be used in the calculation of the six (6) year rolling average
687		-	under subdivision (1).
688		-	(g) For assessment dates after December 31, 2009, an adjustment in
689		-	the assessed value of real property under this section shall be based on
690		-	the estimated true tax value of the property on the assessment date that
691		-	is the basis for taxes payable on that real property.
692		-	(h) The department shall release the department's annual
693		-	determination of the base rate on or before March 1 of each year.
694		-	SECTION 13. IC 6-1.1-8-44, AS AMENDED BY P.L.38-2021,
695		-	SECTION 19, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
696		-	JANUARY 1, 2025 (RETROACTIVE)]: Sec. 44. (a) Except to the
697		-	extent that it conflicts with a statute and subject to subsection (f), 50
698		-	IAC 5.1 (as in effect January 1, 2001), which was formerly
699		-	incorporated by reference into this section, is reinstated as a rule.
700		-	(b) Tangible personal property within the scope of 50 IAC 5.1 (as
701		-	in effect January 1, 2001) shall be assessed on the assessment dates in
702		-	calendar years 2003 and thereafter in conformity with 50 IAC 5.1 (as
703		-	in effect January 1, 2001).
704		-	(c) The publisher of the Indiana Administrative Code shall publish
705		-	50 IAC 5.1 (as in effect January 1, 2001) in the Indiana Administrative
706		-	Code.
707		-	(d) 50 IAC 5.2 and any other rule to the extent that it conflicts with
708		-	this section is void.
709		-	(e) A reference in 50 IAC 5.1 to a governmental entity that has been
710		-	terminated or a statute that has been repealed or amended shall be
711		-	treated as a reference to its successor.
712		-	(f) The department of local government finance may not amend or
713		-	repeal the following (all as in effect January 1, 2001):
714		-	(1) 50 IAC 5.1-6-6.
715		-	(2) 50 IAC 5.1-6-7.
716		-	(3) 50 IAC 5.1-6-8.
717		-	(4) 50 IAC 5.1-6-9.
718		-	(5) 50 IAC 5.1-8-1.
719		-	(6) 50 IAC 5.1-9-1.
720		-	(7) 50 IAC 5.1-9-2.
721		-	However, the department of local government finance may amend
722		-	these rules to reflect statutory changes.
723		-	(g) Notwithstanding any other provision of this section, the
724		-	department of local government finance shall adopt rules
725		-	SEA 1 — Concur 18
726		-	amending 50 IAC 5.1 to reflect the enactment of section 45 of this
727		-	chapter.
728		-	SECTION 14. IC 6-1.1-8-45 IS ADDED TO THE INDIANA CODE
729		-	AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE
730		-	JANUARY 1, 2025 (RETROACTIVE)]: Sec. 45. (a) This subsection
731		-	applies only to a taxpayer's assessable depreciable personal
732		-	property that is placed in service on or before January 1, 2025.
733		-	Except as provided in subsections (b) and (c), for each assessment
734		-	date, the total valuation of a taxpayer's assessable depreciable
735		-	personal property in a single taxing district may not be less than
736		-	thirty percent (30%) of the adjusted cost of all the taxpayer's
737		-	assessable depreciable property in the taxing district.
	14980	+	ES 1—LS 7244/DI 120 347
	14981	+	valuation limitations under this section.".
	14982	+	Page 15, delete lines 1 through 13.
	14983	+	PAGE 18, line 16, after "of this" insert "chapter.".
	14984	+	Page 18, delete lines 17 through 42, begin a new paragraph and
	14985	+	insert:
	14986	+	"SECTION 14. IC 6-1.1-8-45 IS ADDED TO THE INDIANA
	14987	+	CODE AS A NEW SECTION TO READ AS FOLLOWS
	14988	+	[EFFECTIVE JANUARY 1, 2025 (RETROACTIVE)]: Sec. 45. (a)
	14989	+	This subsection applies only to a taxpayer's assessable depreciable
	14990	+	personal property that is placed in service on or before January 1,
	14991	+	2025. Except as provided in subsections (b) and (c), for each
	14992	+	assessment date, the total valuation of a taxpayer's assessable
	14993	+	depreciable personal property in a single taxing district may not be
	14994	+	less than thirty percent (30%) of the adjusted cost of all the
	14995	+	taxpayer's assessable depreciable property in the taxing district.
738	14996		(b) The limitation set forth in subsection (a) is to be applied
739	14997		before any special adjustment for abnormal obsolescence. The
740	14998		limitation does not apply to equipment not placed in service,
741	14999		special tooling, and permanently retired depreciable personal
742	15000		property.
743	15001		(c) Depreciable personal property that is placed in service after
744	15002		January 1, 2025, is not subject to the minimum valuation limitation
745	15003		under this section. However, if depreciable personal property is
746	15004		placed in service after January 1, 2025, and:
747	15005		(1) is located in an existing tax increment allocation area for
748	15006		which the base assessed value is determined before January
749	15007		1, 2025; or
750	15008		(2) property tax revenue that is attributable to the depreciable
751	15009		personal property is pledged as payment for bonds, leases, or
752	15010		other obligations;
753	15011		the depreciable personal property remains subject to the minimum
754		-	valuation limitations under this section.
755		-	SECTION 15. IC 6-1.1-10.3-2 IS REPEALED [EFFECTIVE JULY
756		-	1, 2027]. Sec. 2. As used in this chapter, "local income tax council"
757		-	refers to the local income tax council established by IC 6-3.6-3-1 for a
758		-	county.
759		-	SECTION 16. IC 6-1.1-10.3-3, AS AMENDED BY P.L.197-2016,
760		-	SECTION 9, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
761		-	JULY 1, 2027]: Sec. 3. As used in this chapter, "exemption ordinance"
762		-	refers to an ordinance adopted under section 5 of this chapter by a local
763		-	income tax council (before July 1, 2027) or by a county adopting
764		-	body specified in IC 6-3.6-3-1(a) (after June 30, 2027).
765		-	SECTION 17. IC 6-1.1-10.3-5, AS AMENDED BY P.L.197-2016,
766		-	SECTION 10, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
767		-	JULY 1, 2027]: Sec. 5. (a) A local income tax council county adopting
768		-	SEA 1 — Concur 19
769		-	body specified in IC 6-3.6-3-1(a) may adopt an exemption ordinance
770		-	that exempts new personal property located in the county from property
771		-	taxation as provided in section 6 of this chapter.
772		-	(b) For purposes of adopting an exemption ordinance under this
773		-	chapter, a local income tax council is comprised of the same members
774		-	as the local income tax council that is established by IC 6-3.6-3-1 for
775		-	the county, regardless of whether a local income tax is in effect in the
776		-	county and regardless of how the local income tax in effect in the
777		-	county is allocated. Except as provided in this chapter, the local income
778		-	tax council county adopting body shall use the same procedures that
779		-	apply to county adopting bodies under IC 6-3.6-3 when acting under
780		-	this chapter.
781		-	(c) Before adopting an exemption ordinance under this section, a
782		-	local income tax council county adopting body must conduct a public
783		-	hearing on the proposed exemption ordinance. The local income tax
784		-	council county adopting body must publish notice of the public
785		-	hearing in accordance with IC 5-3-1.
786		-	(d) The local income tax council county adopting body shall
787		-	provide a certified copy of an adopted exemption ordinance to the
788		-	department of local government finance and the county auditor.
789		-	SECTION 18. IC 6-1.1-10.3-7, AS AMENDED BY P.L.197-2016,
790		-	SECTION 11, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
791		-	JULY 1, 2027]: Sec. 7. A local income tax council county adopting
792		-	body specified in IC 6-3.6-3-1(a) may repeal or amend an exemption
793		-	ordinance. However, if a local income tax council county adopting
794		-	body repeals or amends an exemption ordinance, any new personal
795		-	property that was exempt under the exemption ordinance on the date
796		-	the new personal property was placed into service by a taxpayer
797		-	remains exempt from property taxation, regardless of whether or not
798		-	the ownership of the new personal property changes after the date the
799		-	exemption ordinance is amended or repealed.
800		-	SECTION 19. IC 6-1.1-12-0.7, AS AMENDED BY P.L.99-2007,
801		-	SECTION 21, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
802		-	JULY 1, 2025]: Sec. 0.7. Any individual who is sixty-five (65) years of
803		-	age, is blind, or has a disability (within the meaning of section 11 of
804		-	this chapter, before its expiration) may appoint an individual eighteen
805		-	(18) years of age or older to act on the individual's behalf for purposes
806		-	of filing property tax deduction statements for any deductions provided
807		-	by this chapter. If a statement is filed by an appointee, the appointee's
808		-	name, address, and telephone number must be included in the
809		-	statement.
810		-	SECTION 20. IC 6-1.1-12-9, AS AMENDED BY P.L.239-2023,
811		-	SEA 1 — Concur 20
812		-	SECTION 1, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
813		-	JANUARY 1, 2025 (RETROACTIVE)]: Sec. 9. (a) An individual may
814		-	obtain a deduction from the assessed value of the individual's real
815		-	property, or mobile home or manufactured home which is not assessed
816		-	as real property, if:
817		-	(1) the individual is at least sixty-five (65) years of age on or
818		-	before December 31 of the calendar year preceding the year in
819		-	which the deduction is claimed;
820		-	(2) for assessment dates before January 1, 2020, the combined
821		-	adjusted gross income (as defined in Section 62 of the Internal
822		-	Revenue Code) of:
823		-	(A) the individual and the individual's spouse; or
824		-	(B) the individual and all other individuals with whom:
825		-	(i) the individual shares ownership; or
826		-	(ii) the individual is purchasing the property under a
827		-	contract;
828		-	as joint tenants or tenants in common;
829		-	for the calendar year preceding the year in which the deduction is
830		-	claimed did not exceed twenty-five thousand dollars ($25,000);
831		-	(3) for assessment dates after December 31, 2019:
832		-	(A) the individual had, in the case of an individual who filed
833		-	a single return, adjusted gross income (as defined in Section
834		-	62 of the Internal Revenue Code) not exceeding thirty
835		-	thousand dollars ($30,000), and beginning for the January 1,
836		-	2023, assessment date, and each assessment date thereafter,
837		-	adjusted annually by an amount equal to the percentage cost
838		-	of living increase applied for Social Security benefits for the
839		-	immediately preceding calendar year;
840		-	(B) the individual had, in the case of an individual who filed
841		-	a joint income tax return with the individual's spouse,
842		-	combined adjusted gross income (as defined in Section 62 of
843		-	the Internal Revenue Code) not exceeding forty thousand
844		-	dollars ($40,000), and beginning for the January 1, 2023,
845		-	assessment date, and each assessment date thereafter, adjusted
846		-	annually by an amount equal to the percentage cost of living
847		-	increase applied for Social Security benefits for the
848		-	immediately preceding calendar year; or
849		-	(C) the combined adjusted gross income (as defined in Section
850		-	62 of the Internal Revenue Code) of the individual and all
851		-	other individuals with whom:
852		-	(i) the individual shares ownership; or
853		-	(ii) the individual is purchasing the property under a
854		-	SEA 1 — Concur 21
855		-	contract;
856		-	as joint tenants or tenants in common did not exceed forty
857		-	thousand dollars ($40,000), and beginning for the January 1,
858		-	2023, assessment date, and each assessment date thereafter,
859		-	adjusted annually by an amount equal to the percentage cost
860		-	of living increase applied for Social Security benefits for the
861		-	immediately preceding calendar year;
862		-	for the calendar year preceding by two (2) years the calendar year
863		-	in which the property taxes are first due and payable;
864		-	(4) the individual has owned the real property, mobile home, or
865		-	manufactured home for at least one (1) year before claiming the
866		-	deduction; or the individual has been buying the real property,
867		-	mobile home, or manufactured home under a contract that
868		-	provides that the individual is to pay the property taxes on the real
869		-	property, mobile home, or manufactured home for at least one (1)
870		-	year before claiming the deduction, and the contract or a
871		-	memorandum of the contract is recorded in the county recorder's
872		-	office;
873		-	(5) for assessment dates:
874		-	(A) before January 1, 2020, the individual and any individuals
875		-	covered by subdivision (2)(B) reside on the real property,
876		-	mobile home, or manufactured home; or
877		-	(B) after December 31, 2019, the individual and any
878		-	individuals covered by subdivision (3)(C) reside on the real
879		-	property, mobile home, or manufactured home;
880		-	(6) except as provided in subsection (i), the assessed value of the
881		-	real property, mobile home, or manufactured home does not
882		-	exceed two hundred forty thousand dollars ($240,000);
883		-	(7) the individual receives no other property tax deduction for the
884		-	year in which the deduction is claimed, except the deductions
885		-	provided by sections 37, (for assessment dates after February 28,
886		-	2008) 37.5, and 38 of this chapter; and
887		-	(8) the person:
888		-	(A) owns the real property, mobile home, or manufactured
889		-	home; or
890		-	(B) is buying the real property, mobile home, or manufactured
891		-	home under contract;
892		-	on the date the statement required by section 10.1 of this chapter
893		-	is filed.
894		-	For purposes of applying the annual cost of living increases described
895		-	in subdivision (3)(A) through (3)(C), the annual percentage increase is
896		-	applied to the adjusted amount of income from the immediately
897		-	SEA 1 — Concur 22
898		-	preceding year.
899		-	(b) Except as provided in subsection (h), in the case of real property,
900		-	an individual's deduction under this section equals the lesser of:
901		-	(1) one-half (1/2) of the assessed value of the real property; or
902		-	(2) fourteen thousand dollars ($14,000).
903		-	(c) Except as provided in subsection (h) and section 40.5 of this
904		-	chapter, in the case of a mobile home that is not assessed as real
905		-	property or a manufactured home which is not assessed as real
906		-	property, an individual's deduction under this section equals the lesser
907		-	of:
908		-	(1) one-half (1/2) of the assessed value of the mobile home or
909		-	manufactured home; or
910		-	(2) fourteen thousand dollars ($14,000).
911		-	(d) An individual may not be denied the deduction provided under
912		-	this section because the individual is absent from the real property,
913		-	mobile home, or manufactured home while in a nursing home or
914		-	hospital.
915		-	(e) For purposes of this section, if real property, a mobile home, or
916		-	a manufactured home is owned by:
917		-	(1) tenants by the entirety;
918		-	(2) joint tenants; or
919		-	(3) tenants in common;
920		-	only one (1) deduction may be allowed. However, the age requirement
921		-	is satisfied if any one (1) of the tenants is at least sixty-five (65) years
922		-	of age.
923		-	(f) A surviving spouse is entitled to the deduction provided by this
924		-	section if:
925		-	(1) the surviving spouse is at least sixty (60) years of age on or
926		-	before December 31 of the calendar year preceding the year in
927		-	which the deduction is claimed;
928		-	(2) the surviving spouse's deceased husband or wife was at least
929		-	sixty-five (65) years of age at the time of a death;
930		-	(3) the surviving spouse has not remarried; and
931		-	(4) the surviving spouse satisfies the requirements prescribed in
932		-	subsection (a)(2) through (a)(8).
933		-	(g) An individual who has sold real property to another person
934		-	under a contract that provides that the contract buyer is to pay the
935		-	property taxes on the real property may not claim the deduction
936		-	provided under this section against that real property.
937		-	(h) In the case of tenants covered by subsection (a)(2)(B) or
938		-	(a)(3)(C), if all of the tenants are not at least sixty-five (65) years of
939		-	age, the deduction allowed under this section shall be reduced by an
940		-	SEA 1 — Concur 23
941		-	amount equal to the deduction multiplied by a fraction. The numerator
942		-	of the fraction is the number of tenants who are not at least sixty-five
943		-	(65) years of age, and the denominator is the total number of tenants.
944		-	(i) For purposes of determining the assessed value of the real
945		-	property, mobile home, or manufactured home under subsection (a)(6)
946		-	for an individual who has received a deduction under this section in a
947		-	previous year, increases in assessed value that occur after the later of:
948		-	(1) December 31, 2019; or
949		-	(2) the first year that the individual has received the deduction;
950		-	are not considered unless the increase in assessed value is attributable
951		-	to substantial renovation or new improvements. Where there is an
952		-	increase in assessed value for purposes of the deduction under this
953		-	section, the assessor shall provide a report to the county auditor
954		-	describing the substantial renovation or new improvements, if any, that
955		-	were made to the property prior to the increase in assessed value.
956		-	(j) This section applies only to property taxes imposed for an
957		-	assessment date before January 1, 2025.
958		-	(k) This section expires January 1, 2027.
959		-	SECTION 21. IC 6-1.1-12-10.1, AS AMENDED BY P.L.136-2024,
960		-	SECTION 6, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
961		-	JANUARY 1, 2025 (RETROACTIVE)]: Sec. 10.1. (a) Except as
962		-	provided in section 17.8 of this chapter and subject to section 45 of this
963		-	chapter, an individual who desires to claim the deduction provided by
964		-	section 9 of this chapter must file a sworn statement, on forms
965		-	prescribed by the department of local government finance, with the
966		-	auditor of the county in which the real property, mobile home, or
967		-	manufactured home is located. To obtain the deduction for a desired
968		-	calendar year in which property taxes are first due and payable, the
969		-	statement must be completed, dated, and filed with the county auditor
970		-	on or before January 15 of the calendar year in which the property taxes
971		-	are first due and payable. The statement may be filed in person or by
972		-	mail. If mailed, the mailing must be postmarked on or before the last
973		-	day for filing.
974		-	(b) The statement referred to in subsection (a) shall be in affidavit
975		-	form or require verification under penalties of perjury. The statement
976		-	must be filed in duplicate if the applicant owns, or is buying under a
977		-	contract, real property, a mobile home, or a manufactured home subject
978		-	to assessment in more than one (1) county or in more than one (1)
979		-	taxing district in the same county. The statement shall contain:
980		-	(1) the source and exact amount of gross income received by the
981		-	individual and the individual's spouse during the preceding
982		-	calendar year;
983		-	SEA 1 — Concur 24
984		-	(2) the description and assessed value of the real property, mobile
985		-	home, or manufactured home;
986		-	(3) the individual's full name and complete residence address;
987		-	(4) the record number and page where the contract or
988		-	memorandum of the contract is recorded if the individual is
989		-	buying the real property, mobile home, or manufactured home on
990		-	contract; and
991		-	(5) any additional information which the department of local
992		-	government finance may require.
993		-	(c) In order to substantiate the deduction statement, the applicant
994		-	shall submit for inspection by the county auditor a copy of the
995		-	applicant's and a copy of the applicant's spouse's income tax returns
996		-	that were originally due in the calendar year immediately preceding the
997		-	desired calendar year in which the property taxes are first due and
998		-	payable and for which the applicant and the applicant's spouse desire
999		-	to claim the deduction. If either was not required to file an income tax
1000		-	return, the applicant shall subscribe to that fact in the deduction
1001		-	statement.
1002		-	(d) This section applies only to property taxes imposed for an
1003		-	assessment date before January 1, 2025.
1004		-	(e) This section expires January 1, 2027.
1005		-	SECTION 22. IC 6-1.1-12-11, AS AMENDED BY P.L.148-2015,
1006		-	SECTION 6, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
1007		-	JANUARY 1, 2025 (RETROACTIVE)]: Sec. 11. (a) Except as
1008		-	provided in section 40.5 of this chapter, an individual may have the
1009		-	sum of twelve thousand four hundred eighty dollars ($12,480) deducted
1010		-	from the assessed value of real property, mobile home not assessed as
1011		-	real property, or manufactured home not assessed as real property that
1012		-	the individual owns, or that the individual is buying under a contract
1013		-	that provides that the individual is to pay property taxes on the real
1014		-	property, mobile home, or manufactured home, if the contract or a
1015		-	memorandum of the contract is recorded in the county recorder's office,
1016		-	and if:
1017		-	(1) the individual is blind or the individual has a disability;
1018		-	(2) the real property, mobile home, or manufactured home is
1019		-	principally used and occupied by the individual as the individual's
1020		-	residence;
1021		-	(3) the individual's taxable gross income for the calendar year
1022		-	preceding the year in which the deduction is claimed did not
1023		-	exceed seventeen thousand dollars ($17,000); and
1024		-	(4) the individual:
1025		-	(A) owns the real property, mobile home, or manufactured
1026		-	SEA 1 — Concur 25
1027		-	home; or
1028		-	(B) is buying the real property, mobile home, or manufactured
1029		-	home under contract;
1030		-	on the date the statement required by section 12 of this chapter is
1031		-	filed.
1032		-	(b) For purposes of this section, taxable gross income does not
1033		-	include income which is not taxed under the federal income tax laws.
1034		-	(c) For purposes of this section, "blind" has the same meaning as the
1035		-	definition contained in IC 12-7-2-21(1).
1036		-	(d) For purposes of this section, "individual with a disability" means
1037		-	a person unable to engage in any substantial gainful activity by reason
1038		-	of a medically determinable physical or mental impairment which:
1039		-	(1) can be expected to result in death; or
1040		-	(2) has lasted or can be expected to last for a continuous period of
1041		-	not less than twelve (12) months.
1042		-	(e) An individual with a disability filing a claim under this section
1043		-	shall submit proof of the disability. Proof that a claimant is eligible to
1044		-	receive disability benefits under the federal Social Security Act (42
1045		-	U.S.C. 301 et seq.) shall constitute proof of disability for purposes of
1046		-	this section.
1047		-	(f) An individual with a disability not covered under the federal
1048		-	Social Security Act shall be examined by a physician and the
1049		-	individual's status as an individual with a disability determined by
1050		-	using the same standards as used by the Social Security Administration.
1051		-	The costs of this examination shall be borne by the claimant.
1052		-	(g) An individual who has sold real property, a mobile home not
1053		-	assessed as real property, or a manufactured home not assessed as real
1054		-	property to another person under a contract that provides that the
1055		-	contract buyer is to pay the property taxes on the real property, mobile
1056		-	home, or manufactured home may not claim the deduction provided
1057		-	under this section against that real property, mobile home, or
1058		-	manufactured home.
1059		-	(h) This section applies only to property taxes imposed for an
1060		-	assessment date before January 1, 2025.
1061		-	(i) This section expires January 1, 2027.
1062		-	SECTION 23. IC 6-1.1-12-12, AS AMENDED BY P.L.136-2024,
1063		-	SECTION 7, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
1064		-	JANUARY 1, 2025 (RETROACTIVE)]: Sec. 12. (a) Except as
1065		-	provided in section 17.8 of this chapter and subject to section 45 of this
1066		-	chapter, a person who desires to claim the deduction provided in
1067		-	section 11 of this chapter must file an application, on forms prescribed
1068		-	by the department of local government finance, with the auditor of the
1069		-	SEA 1 — Concur 26
1070		-	county in which the real property, mobile home not assessed as real
1071		-	property, or manufactured home not assessed as real property is
1072		-	located. To obtain the deduction for a desired calendar year in which
1073		-	property taxes are first due and payable, the application must be
1074		-	completed, dated, and filed with the county auditor on or before
1075		-	January 15 of the calendar year in which the property taxes are first due
1076		-	and payable. The application may be filed in person or by mail. If
1077		-	mailed, the mailing must be postmarked on or before the last day for
1078		-	filing.
1079		-	(b) Proof of blindness may be supported by:
1080		-	(1) the records of the division of family resources or the division
1081		-	of disability and rehabilitative services; or
1082		-	(2) the written statement of a physician who is licensed by this
1083		-	state and skilled in the diseases of the eye or of a licensed
1084		-	optometrist.
1085		-	(c) The application required by this section must contain the record
1086		-	number and page where the contract or memorandum of the contract
1087		-	is recorded if the individual is buying the real property, mobile home,
1088		-	or manufactured home on a contract that provides that the individual
1089		-	is to pay property taxes on the real property, mobile home, or
1090		-	manufactured home.
1091		-	(d) This section applies only to property taxes imposed for an
1092		-	assessment date before January 1, 2025.
1093		-	(e) This section expires January 1, 2027.
1094		-	SECTION 24. IC 6-1.1-12-13, AS AMENDED BY
1095		-	P.L.293-2013(ts), SECTION 1, IS AMENDED TO READ AS
1096		-	FOLLOWS [EFFECTIVE JANUARY 1, 2025 (RETROACTIVE)]:
1097		-	Sec. 13. (a) Except as provided in section 40.5 of this chapter, an
1098		-	individual may have twenty-four thousand nine hundred sixty dollars
1099		-	($24,960) deducted from the assessed value of the taxable tangible
1100		-	property that the individual owns, or real property, a mobile home not
1101		-	assessed as real property, or a manufactured home not assessed as real
1102		-	property that the individual is buying under a contract that provides
1103		-	that the individual is to pay property taxes on the real property, mobile
1104		-	home, or manufactured home, if the contract or a memorandum of the
1105		-	contract is recorded in the county recorder's office and if:
1106		-	(1) the individual served in the military or naval forces of the
1107		-	United States during any of its wars;
1108		-	(2) the individual received an honorable discharge;
1109		-	(3) the individual has a disability with a service connected
1110		-	disability of ten percent (10%) or more;
1111		-	(4) the individual's disability is evidenced by:
1112		-	SEA 1 — Concur 27
1113		-	(A) a pension certificate, an award of compensation, or a
1114		-	disability compensation check issued by the United States
1115		-	Department of Veterans Affairs; or
1116		-	(B) a certificate of eligibility issued to the individual by the
1117		-	Indiana department of veterans' affairs after the Indiana
1118		-	department of veterans' affairs has determined that the
1119		-	individual's disability qualifies the individual to receive a
1120		-	deduction under this section; and
1121		-	(5) the individual:
1122		-	(A) owns the real property, mobile home, or manufactured
1123		-	home; or
1124		-	(B) is buying the real property, mobile home, or manufactured
1125		-	home under contract;
1126		-	on the date the statement required by section 15 of this chapter is
1127		-	filed.
1128		-	(b) The surviving spouse of an individual may receive the deduction
1129		-	provided by this section if the individual satisfied the requirements of
1130		-	subsection (a)(1) through (a)(4) at the time of death and the surviving
1131		-	spouse satisfies the requirement of subsection (a)(5) at the time the
1132		-	deduction statement is filed. The surviving spouse is entitled to the
1133		-	deduction regardless of whether the property for which the deduction
1134		-	is claimed was owned by the deceased veteran or the surviving spouse
1135		-	before the deceased veteran's death.
1136		-	(c) One who receives the deduction provided by this section may not
1137		-	receive the deduction provided by section 16 of this chapter. However,
1138		-	the individual may receive any other property tax deduction which the
1139		-	individual is entitled to by law.
1140		-	(d) An individual who has sold real property, a mobile home not
1141		-	assessed as real property, or a manufactured home not assessed as real
1142		-	property to another person under a contract that provides that the
1143		-	contract buyer is to pay the property taxes on the real property, mobile
1144		-	home, or manufactured home may not claim the deduction provided
1145		-	under this section against that real property, mobile home, or
1146		-	manufactured home.
1147		-	(e) This section applies only to property taxes imposed for an
1148		-	assessment date before January 1, 2025.
1149		-	(f) This section expires January 1, 2027.
1150		-	SECTION 25. IC 6-1.1-12-14, AS AMENDED BY P.L.136-2024,
1151		-	SECTION 8, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
1152		-	JANUARY 1, 2025 (RETROACTIVE)]: Sec. 14. (a) Except as
1153		-	provided in subsection (c) and except as provided in section 40.5 of
1154		-	this chapter, an individual may have the sum of fourteen thousand
1155		-	SEA 1 — Concur 28
1156		-	dollars ($14,000) deducted from the assessed value of the real property,
1157		-	mobile home not assessed as real property, or manufactured home not
1158		-	assessed as real property that the individual owns (or the real property,
1159		-	mobile home not assessed as real property, or manufactured home not
1160		-	assessed as real property that the individual is buying under a contract
1161		-	that provides that the individual is to pay property taxes on the real
1162		-	property, mobile home, or manufactured home if the contract or a
1163		-	memorandum of the contract is recorded in the county recorder's office)
1164		-	if:
1165		-	(1) the individual served in the military or naval forces of the
1166		-	United States for at least ninety (90) days;
1167		-	(2) the individual received an honorable discharge;
1168		-	(3) the individual either:
1169		-	(A) has a total disability; or
1170		-	(B) is at least sixty-two (62) years old and has a disability of at
1171		-	least ten percent (10%);
1172		-	(4) the individual's disability is evidenced by:
1173		-	(A) a pension certificate or an award of compensation issued
1174		-	by the United States Department of Veterans Affairs; or
1175		-	(B) a certificate of eligibility issued to the individual by the
1176		-	Indiana department of veterans' affairs after the Indiana
1177		-	department of veterans' affairs has determined that the
1178		-	individual's disability qualifies the individual to receive a
1179		-	deduction under this section; and
1180		-	(5) the individual:
1181		-	(A) owns the real property, mobile home, or manufactured
1182		-	home; or
1183		-	(B) is buying the real property, mobile home, or manufactured
1184		-	home under contract;
1185		-	on the date the statement required by section 15 of this chapter is
1186		-	filed.
1187		-	(b) Except as provided in subsections (c) and (d), the surviving
1188		-	spouse of an individual may receive the deduction provided by this
1189		-	section if:
1190		-	(1) the individual satisfied the requirements of subsection (a)(1)
1191		-	through (a)(4) at the time of death; or
1192		-	(2) the individual:
1193		-	(A) was killed in action;
1194		-	(B) died while serving on active duty in the military or naval
1195		-	forces of the United States; or
1196		-	(C) died while performing inactive duty training in the military
1197		-	or naval forces of the United States; and
1198		-	SEA 1 — Concur 29
1199		-	the surviving spouse satisfies the requirement of subsection (a)(5) at
1200		-	the time the deduction statement is filed. The surviving spouse is
1201		-	entitled to the deduction regardless of whether the property for which
1202		-	the deduction is claimed was owned by the deceased veteran or the
1203		-	surviving spouse before the deceased veteran's death.
1204		-	(c) Except as provided in subsection (f), no one is entitled to the
1205		-	deduction provided by this section if the assessed value of the
1206		-	individual's Indiana real property, Indiana mobile home not assessed as
1207		-	real property, and Indiana manufactured home not assessed as real
1208		-	property, as shown by the tax duplicate, exceeds the assessed value
1209		-	limit specified in subsection (d).
1210		-	(d) Except as provided in subsection (f), for the:
1211		-	(1) January 1, 2017, January 1, 2018, and January 1, 2019,
1212		-	assessment dates, the assessed value limit for purposes of
1213		-	subsection (c) is one hundred seventy-five thousand dollars
1214		-	($175,000);
1215		-	(2) January 1, 2020, January 1, 2021, January 1, 2022, and
1216		-	January 1, 2023, assessment dates, the assessed value limit for
1217		-	purposes of subsection (c) is two hundred thousand dollars
1218		-	($200,000); and
1219		-	(3) January 1, 2024, assessment date and for each assessment date
1220		-	thereafter, the assessed value limit for purposes of subsection (c)
1221		-	is two hundred forty thousand dollars ($240,000).
1222		-	(e) An individual who has sold real property, a mobile home not
1223		-	assessed as real property, or a manufactured home not assessed as real
1224		-	property to another person under a contract that provides that the
1225		-	contract buyer is to pay the property taxes on the real property, mobile
1226		-	home, or manufactured home may not claim the deduction provided
1227		-	under this section against that real property, mobile home, or
1228		-	manufactured home.
1229		-	(f) For purposes of determining the assessed value of the real
1230		-	property, mobile home, or manufactured home under subsection (d) for
1231		-	an individual who has received a deduction under this section in a
1232		-	previous year, increases in assessed value that occur after the later of:
1233		-	(1) December 31, 2019; or
1234		-	(2) the first year that the individual has received the deduction;
1235		-	are not considered unless the increase in assessed value is attributable
1236		-	to substantial renovation or new improvements. Where there is an
1237		-	increase in assessed value for purposes of the deduction under this
1238		-	section, the assessor shall provide a report to the county auditor
1239		-	describing the substantial renovation or new improvements, if any, that
1240		-	were made to the property prior to the increase in assessed value.
1241		-	SEA 1 — Concur 30
1242		-	(g) This section applies only to property taxes imposed for an
1243		-	assessment date before January 1, 2025.
1244		-	(h) This section expires January 1, 2027.
1245		-	SECTION 26. IC 6-1.1-12-14.5, AS ADDED BY P.L.100-2016,
1246		-	SECTION 2, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
1247		-	JANUARY 1, 2025 (RETROACTIVE)]: Sec. 14.5. (a) As used in this
1248		-	section, "homestead" has the meaning set forth in IC 6-1.1-12-37.
1249		-	section 37 of this chapter.
1250		-	(b) An individual may claim a deduction from the assessed value of
1251		-	the individual's homestead if:
1252		-	(1) the individual served in the military or naval forces of the
1253		-	United States for at least ninety (90) days;
1254		-	(2) the individual received an honorable discharge;
1255		-	(3) the individual has a disability of at least fifty percent (50%);
1256		-	(4) the individual's disability is evidenced by:
1257		-	(A) a pension certificate or an award of compensation issued
1258		-	by the United States Department of Veterans Affairs; or
1259		-	(B) a certificate of eligibility issued to the individual by the
1260		-	Indiana department of veterans' affairs after the Indiana
1261		-	department of veterans' affairs has determined that the
1262		-	individual's disability qualifies the individual to receive a
1263		-	deduction under this section; and
1264		-	(5) the homestead was conveyed without charge to the individual
1265		-	who is the owner of the homestead by an organization that is
1266		-	exempt from income taxation under the federal Internal Revenue
1267		-	Code.
1268		-	(c) If an individual is entitled to a deduction from assessed value
1269		-	under subsection (b) for the individual's homestead, the amount of the
1270		-	deduction is determined as follows:
1271		-	(1) If the individual is totally disabled, the deduction is equal to
1272		-	one hundred percent (100%) of the assessed value of the
1273		-	homestead.
1274		-	(2) If the individual has a disability of at least ninety percent
1275		-	(90%) but the individual is not totally disabled, the deduction is
1276		-	equal to ninety percent (90%) of the assessed value of the
1277		-	homestead.
1278		-	(3) If the individual has a disability of at least eighty percent
1279		-	(80%) but less than ninety percent (90%), the deduction is equal
1280		-	to eighty percent (80%) of the assessed value of the homestead.
1281		-	(4) If the individual has a disability of at least seventy percent
1282		-	(70%) but less than eighty percent (80%), the deduction is equal
1283		-	to seventy percent (70%) of the assessed value of the homestead.
1284		-	SEA 1 — Concur 31
1285		-	(5) If the individual has a disability of at least sixty percent (60%)
1286		-	but less than seventy percent (70%), the deduction is equal to
1287		-	sixty percent (60%) of the assessed value of the homestead.
1288		-	(6) If the individual has a disability of at least fifty percent (50%)
1289		-	but less than sixty percent (60%), the deduction is equal to fifty
1290		-	percent (50%) of the assessed value of the homestead.
1291		-	(d) An individual who claims a deduction under this section for an
1292		-	assessment date may not also claim a deduction under section 13 or 14
1293		-	of this chapter (before their expiration) for that same assessment date.
1294		-	(e) An individual who desires to claim the deduction under this
1295		-	section must claim the deduction in the manner specified by the
1296		-	department of local government finance.
1297		-	SECTION 27. IC 6-1.1-12-15, AS AMENDED BY P.L.136-2024,
1298		-	SECTION 9, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
1299		-	JANUARY 1, 2025 (RETROACTIVE)]: Sec. 15. (a) Except as
1300		-	provided in section 17.8 of this chapter and subject to section 45 of this
1301		-	chapter, an individual who desires to claim the deduction provided by
1302		-	section 13 or 14 of this chapter must file a statement with the auditor
1303		-	of the county in which the individual resides. To obtain the deduction
1304		-	for a desired calendar year in which property taxes are first due and
1305		-	payable, the statement must be completed, dated, and filed with the
1306		-	county auditor on or before January 15 of the calendar year in which
1307		-	the property taxes are first due and payable. The statement may be filed
1308		-	in person or by mail. If mailed, the mailing must be postmarked on or
1309		-	before the last day for filing. The statement shall contain a sworn
1310		-	declaration that the individual is entitled to the deduction.
1311		-	(b) In addition to the statement, the individual shall submit to the
1312		-	county auditor for the auditor's inspection:
1313		-	(1) a pension certificate, an award of compensation, or a disability
1314		-	compensation check issued by the United States Department of
1315		-	Veterans Affairs if the individual claims the deduction provided
1316		-	by section 13 of this chapter;
1317		-	(2) a pension certificate or an award of compensation issued by
1318		-	the United States Department of Veterans Affairs if the individual
1319		-	claims the deduction provided by section 14 of this chapter; or
1320		-	(3) the appropriate certificate of eligibility issued to the individual
1321		-	by the Indiana department of veterans' affairs if the individual
1322		-	claims the deduction provided by section 13 or 14 of this chapter.
1323		-	(c) If the individual claiming the deduction is under guardianship,
1324		-	the guardian shall file the statement required by this section. If a
1325		-	deceased veteran's surviving spouse is claiming the deduction, the
1326		-	surviving spouse shall provide the documentation necessary to
1327		-	SEA 1 — Concur 32
1328		-	establish that at the time of death the deceased veteran satisfied the
1329		-	requirements of section 13(a)(1) through 13(a)(4) of this chapter,
1330		-	section 14(a)(1) through 14(a)(4) of this chapter, or section 14(b)(2) of
1331		-	this chapter, whichever applies.
1332		-	(d) If the individual claiming a deduction under section 13 or 14 of
1333		-	this chapter is buying real property, a mobile home not assessed as real
1334		-	property, or a manufactured home not assessed as real property under
1335		-	a contract that provides that the individual is to pay property taxes for
1336		-	the real estate, mobile home, or manufactured home, the statement
1337		-	required by this section must contain the record number and page
1338		-	where the contract or memorandum of the contract is recorded.
1339		-	(e) This section applies only to property taxes imposed for an
1340		-	assessment date before January 1, 2025.
1341		-	(f) This section expires January 1, 2027.
1342		-	SECTION 28. IC 6-1.1-12-16, AS AMENDED BY P.L.1-2009,
1343		-	SECTION 31, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
1344		-	JANUARY 1, 2025 (RETROACTIVE)]: Sec. 16. (a) Except as
1345		-	provided in section 40.5 of this chapter, a surviving spouse may have
1346		-	the sum of eighteen thousand seven hundred twenty dollars ($18,720)
1347		-	deducted from the assessed value of his or her the surviving spouse's
1348		-	tangible property, or real property, mobile home not assessed as real
1349		-	property, or manufactured home not assessed as real property that the
1350		-	surviving spouse is buying under a contract that provides that the
1351		-	surviving spouse is to pay property taxes on the real property, mobile
1352		-	home, or manufactured home, if the contract or a memorandum of the
1353		-	contract is recorded in the county recorder's office, and if:
1354		-	(1) the deceased spouse served in the military or naval forces of
1355		-	the United States before November 12, 1918;
1356		-	(2) the deceased spouse received an honorable discharge; and
1357		-	(3) the surviving spouse:
1358		-	(A) owns the real property, mobile home, or manufactured
1359		-	home; or
1360		-	(B) is buying the real property, mobile home, or manufactured
1361		-	home under contract;
1362		-	on the date the statement required by section 17 of this chapter is
1363		-	filed.
1364		-	(b) A surviving spouse who receives the deduction provided by this
1365		-	section may not receive the deduction provided by section 13 of this
1366		-	chapter. However, he or she the surviving spouse may receive any
1367		-	other deduction which he or she the surviving spouse is entitled to by
1368		-	law.
1369		-	(c) An individual who has sold real property, a mobile home not
1370		-	SEA 1 — Concur 33
1371		-	assessed as real property, or a manufactured home not assessed as real
1372		-	property to another person under a contract that provides that the
1373		-	contract buyer is to pay the property taxes on the real property, mobile
1374		-	home, or manufactured home may not claim the deduction provided
1375		-	under this section against that real property, mobile home, or
1376		-	manufactured home.
1377		-	(d) This section applies only to property taxes imposed for an
1378		-	assessment date before January 1, 2025.
1379		-	(e) This section expires January 1, 2027.
1380		-	SECTION 29. IC 6-1.1-12-17, AS AMENDED BY P.L.136-2024,
1381		-	SECTION 10, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
1382		-	JANUARY 1, 2025 (RETROACTIVE)]: Sec. 17. (a) Except as
1383		-	provided in section 17.8 of this chapter and subject to section 45 of this
1384		-	chapter, a surviving spouse who desires to claim the deduction
1385		-	provided by section 16 of this chapter must file a statement with the
1386		-	auditor of the county in which the surviving spouse resides. To obtain
1387		-	the deduction for a desired calendar year in which property taxes are
1388		-	first due and payable, the statement must be completed, dated, and filed
1389		-	with the county auditor on or before January 15 of the calendar year in
1390		-	which the property taxes are first due and payable. The statement may
1391		-	be filed in person or by mail. If mailed, the mailing must be postmarked
1392		-	on or before the last day for filing. The statement shall contain:
1393		-	(1) a sworn statement that the surviving spouse is entitled to the
1394		-	deduction; and
1395		-	(2) the record number and page where the contract or
1396		-	memorandum of the contract is recorded, if the individual is
1397		-	buying the real property on a contract that provides that the
1398		-	individual is to pay property taxes on the real property.
1399		-	In addition to the statement, the surviving spouse shall submit to the
1400		-	county auditor for the auditor's inspection a letter or certificate from the
1401		-	United States Department of Veterans Affairs establishing the service
1402		-	of the deceased spouse in the military or naval forces of the United
1403		-	States before November 12, 1918.
1404		-	(b) This section applies only to property taxes imposed for an
1405		-	assessment date before January 1, 2025.
1406		-	(c) This section expires January 1, 2027.
1407		-	SECTION 30. IC 6-1.1-12-17.8, AS AMENDED BY THE
1408		-	TECHNICAL CORRECTIONS BILL OF THE 2025 GENERAL
1409		-	ASSEMBLY, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
1410		-	JANUARY 1, 2025 (RETROACTIVE)]: Sec. 17.8. (a) An individual
1411		-	who receives a deduction provided under section 9 (before its
1412		-	expiration), 11 (before its expiration), 13 (before its expiration), 14
1413		-	SEA 1 — Concur 34
1414		-	(before its expiration), 16 (before its expiration), 17.4 (before its
1415		-	expiration), or 37 of this chapter in a particular year and who remains
1416		-	eligible for the deduction in the following year is not required to file a
1417		-	statement to apply for the deduction in the following year. However, for
1418		-	purposes of a deduction under section 37 of this chapter, the county
1419		-	auditor may, in the county auditor's discretion, terminate the deduction
1420		-	for assessment dates after January 15, 2012, if the individual does not
1421		-	comply with the requirement in IC 6-1.1-22-8.1(b)(9) (expired January
1422		-	1, 2015), as determined by the county auditor, before January 1, 2013.
1423		-	Before the county auditor terminates the deduction because the
1424		-	taxpayer claiming the deduction did not comply with the requirement
1425		-	in IC 6-1.1-22-8.1(b)(9) (expired January 1, 2015) before January 1,
1426		-	2013, the county auditor shall mail notice of the proposed termination
1427		-	of the deduction to:
1428		-	(1) the last known address of each person liable for any property
1429		-	taxes or special assessment, as shown on the tax duplicate or
1430		-	special assessment records; or
1431		-	(2) the last known address of the most recent owner shown in the
1432		-	transfer book.
1433		-	(b) An individual who receives a deduction provided under section
1434		-	9 (before its expiration), 11 (before its expiration), 13 (before its
1435		-	expiration), 14 (before its expiration), 16 (before its expiration), or
1436		-	17.4 (before its expiration) of this chapter in a particular year and who
1437		-	becomes ineligible for the deduction in the following year shall notify
1438		-	the auditor of the county in which the real property, mobile home, or
1439		-	manufactured home for which the individual claims the deduction is
1440		-	located of the individual's ineligibility in the year in which the
1441		-	individual becomes ineligible. An individual who becomes ineligible
1442		-	for a deduction under section 37 of this chapter shall notify the county
1443		-	auditor of the county in which the property is located in conformity
1444		-	with section 37 of this chapter.
1445		-	(c) The auditor of each county shall, in a particular year, apply a
1446		-	deduction provided under section 9 (before its expiration), 11 (before
1447		-	its expiration), 13 (before its expiration), 14 (before its expiration),
1448		-	16 (before its expiration), 17.4 (before its expiration), or 37 of this
1449		-	chapter to each individual who received the deduction in the preceding
1450		-	year unless the auditor determines that the individual is no longer
1451		-	eligible for the deduction.
1452		-	(d) An individual who receives a deduction provided under section
1453		-	9 (before its expiration), 11 (before its expiration), 13 (before its
1454		-	expiration), 14 (before its expiration), 16 (before its expiration),
1455		-	17.4 (before its expiration), or 37 of this chapter for property that is
1456		-	SEA 1 — Concur 35
1457		-	jointly held with another owner in a particular year and remains eligible
1458		-	for the deduction in the following year is not required to file a
1459		-	statement to reapply for the deduction following the removal of the
1460		-	joint owner if:
1461		-	(1) the individual is the sole owner of the property following the
1462		-	death of the individual's spouse; or
1463		-	(2) the individual is the sole owner of the property following the
1464		-	death of a joint owner who was not the individual's spouse.
1465		-	If a county auditor terminates a deduction under section 9 of this
1466		-	chapter (before its expiration), a deduction under section 37 of this
1467		-	chapter, or a credit under IC 6-1.1-20.6-8.5 after June 30, 2017, and
1468		-	before May 1, 2019, because the taxpayer claiming the deduction or
1469		-	credit did not comply with a requirement added to this subsection by
1470		-	P.L.255-2017 to reapply for the deduction or credit, the county auditor
1471		-	shall reinstate the deduction or credit if the taxpayer provides proof that
1472		-	the taxpayer is eligible for the deduction or credit and is not claiming
1473		-	the deduction or credit for any other property.
1474		-	(e) A trust entitled to a deduction under section 9 (before its
1475		-	expiration), 11 (before its expiration), 13 (before its expiration), 14
1476		-	(before its expiration), 16 (before its expiration), 17.4 (before its
1477		-	expiration), or 37 of this chapter for real property owned by the trust
1478		-	and occupied by an individual in accordance with section 17.9 of this
1479		-	chapter (before its expiration) is not required to file a statement to
1480		-	apply for the deduction, if:
1481		-	(1) the individual who occupies the real property receives a
1482		-	deduction provided under section 9 (before its expiration), 11
1483		-	(before its expiration), 13 (before its expiration), 14 (before its
1484		-	expiration), 16 (before its expiration), 17.4 (before its
1485		-	expiration), or 37 of this chapter in a particular year; and
1486		-	(2) the trust remains eligible for the deduction in the following
1487		-	year.
1488		-	However, for purposes of a deduction under section 37 of this chapter,
1489		-	the individuals that qualify the trust for a deduction must comply with
1490		-	the requirement in IC 6-1.1-22-8.1(b)(9) (expired January 1, 2015)
1491		-	before January 1, 2013.
1492		-	(f) A cooperative housing corporation (as defined in 26 U.S.C. 216)
1493		-	that is entitled to a deduction under section 37 of this chapter in the
1494		-	immediately preceding calendar year for a homestead (as defined in
1495		-	section 37 of this chapter) is not required to file a statement to apply for
1496		-	the deduction for the current calendar year if the cooperative housing
1497		-	corporation remains eligible for the deduction for the current calendar
1498		-	year. However, the county auditor may, in the county auditor's
1499		-	SEA 1 — Concur 36
1500		-	discretion, terminate the deduction for assessment dates after January
1501		-	15, 2012, if the individual does not comply with the requirement in
1502		-	IC 6-1.1-22-8.1(b)(9) (expired January 1, 2015), as determined by the
1503		-	county auditor, before January 1, 2013. Before the county auditor
1504		-	terminates a deduction because the taxpayer claiming the deduction did
1505		-	not comply with the requirement in IC 6-1.1-22-8.1(b)(9) (expired
1506		-	January 1, 2015) before January 1, 2013, the county auditor shall mail
1507		-	notice of the proposed termination of the deduction to:
1508		-	(1) the last known address of each person liable for any property
1509		-	taxes or special assessment, as shown on the tax duplicate or
1510		-	special assessment records; or
1511		-	(2) the last known address of the most recent owner shown in the
1512		-	transfer book.
1513		-	(g) An individual who:
1514		-	(1) was eligible for a homestead credit under IC 6-1.1-20.9
1515		-	(repealed) for property taxes imposed for the March 1, 2007, or
1516		-	January 15, 2008, assessment date; or
1517		-	(2) would have been eligible for a homestead credit under
1518		-	IC 6-1.1-20.9 (repealed) for property taxes imposed for the March
1519		-	1, 2008, or January 15, 2009, assessment date if IC 6-1.1-20.9 had
1520		-	not been repealed;
1521		-	is not required to file a statement to apply for a deduction under section
1522		-	37 of this chapter if the individual remains eligible for the deduction in
1523		-	the current year. An individual who filed for a homestead credit under
1524		-	IC 6-1.1-20.9 (repealed) for an assessment date after March 1, 2007 (if
1525		-	the property is real property), or after January 1, 2008 (if the property
1526		-	is personal property), shall be treated as an individual who has filed for
1527		-	a deduction under section 37 of this chapter. However, the county
1528		-	auditor may, in the county auditor's discretion, terminate the deduction
1529		-	for assessment dates after January 15, 2012, if the individual does not
1530		-	comply with the requirement in IC 6-1.1-22-8.1(b)(9) (expired January
1531		-	1, 2015), as determined by the county auditor, before January 1, 2013.
1532		-	Before the county auditor terminates the deduction because the
1533		-	taxpayer claiming the deduction did not comply with the requirement
1534		-	in IC 6-1.1-22-8.1(b)(9) (expired January 1, 2015) before January 1,
1535		-	2013, the county auditor shall mail notice of the proposed termination
1536		-	of the deduction to the last known address of each person liable for any
1537		-	property taxes or special assessment, as shown on the tax duplicate or
1538		-	special assessment records, or to the last known address of the most
1539		-	recent owner shown in the transfer book.
1540		-	(h) If a county auditor terminates a deduction because the taxpayer
1541		-	claiming the deduction did not comply with the requirement in
1542		-	SEA 1 — Concur 37
1543		-	IC 6-1.1-22-8.1(b)(9) (expired January 1, 2015) before January 1, 2013,
1544		-	the county auditor shall reinstate the deduction if the taxpayer provides
1545		-	proof that the taxpayer is eligible for the deduction and is not claiming
1546		-	the deduction for any other property.
1547		-	(i) A taxpayer described in section 37(q) 37(r) of this chapter is not
1548		-	required to file a statement to apply for the deduction provided by
1549		-	section 37 of this chapter if the property owned by the taxpayer remains
1550		-	eligible for the deduction for that calendar year.
1551		-	SECTION 31. IC 6-1.1-12-17.9, AS AMENDED BY P.L.190-2016,
1552		-	SECTION 1, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
1553		-	JANUARY 1, 2025 (RETROACTIVE)]: Sec. 17.9. (a) A trust is
1554		-	entitled to a deduction under section 9 (before its expiration), 11
1555		-	(before its expiration), 13 (before its expiration), 14 (before its
1556		-	expiration), 16 (before its expiration), or 17.4 (before its expiration)
1557		-	of this chapter for real property owned by the trust and occupied by an
1558		-	individual if the county auditor determines that the individual:
1559		-	(1) upon verification in the body of the deed or otherwise, has
1560		-	either:
1561		-	(A) a beneficial interest in the trust; or
1562		-	(B) the right to occupy the real property rent free under the
1563		-	terms of a qualified personal residence trust created by the
1564		-	individual under United States Treasury Regulation
1565		-	25.2702-5(c)(2); and
1566		-	(2) otherwise qualifies for the deduction.
1567		-	(b) This section applies only to property taxes imposed for an
1568		-	assessment date before January 1, 2025.
1569		-	(c) This section expires January 1, 2027.
1570		-	SECTION 32. IC 6-1.1-12-18, AS AMENDED BY P.L.181-2016,
1571		-	SECTION 4, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
1572		-	JANUARY 1, 2025 (RETROACTIVE)]: Sec. 18. (a) This section
1573		-	applies only to:
1574		-	(1) rehabilitation of residential real property that occurs before
1575		-	January 2, 2017; and
1576		-	(2) property taxes imposed for an assessment date before
1577		-	January 1, 2025.
1578		-	(b) If the assessed value of residential real property described in
1579		-	subsection (e) is increased because it has been rehabilitated, the owner
1580		-	may have deducted from the assessed value of the property an amount
1581		-	not to exceed the lesser of:
1582		-	(1) the total increase in assessed value resulting from the
1583		-	rehabilitation (excluding an increase in assessed value that occurs
1584		-	after January 1, 2017); or
1585		-	SEA 1 — Concur 38
1586		-	(2) eighteen thousand seven hundred twenty dollars ($18,720) per
1587		-	rehabilitated dwelling unit.
1588		-	The owner is entitled to this deduction annually for a five (5) year
1589		-	period, or if subsection (f) applies, the period established under
1590		-	subsection (f).
1591		-	(c) For purposes of this section, the term "rehabilitation" means
1592		-	significant repairs, replacements, or improvements to an existing
1593		-	structure which are intended to increase the livability, utility, safety, or
1594		-	value of the property under rules adopted by the department of local
1595		-	government finance.
1596		-	(d) For the purposes of this section, the term "owner" or "property
1597		-	owner" includes any person who has the legal obligation, or has
1598		-	otherwise assumed the obligation, to pay the real property taxes on the
1599		-	rehabilitated property.
1600		-	(e) The deduction provided by this section applies only:
1601		-	(1) for the rehabilitation of residential real property which is
1602		-	located within this state and which is described in one (1) of the
1603		-	following classifications:
1604		-	(A) A single family dwelling if before rehabilitation the
1605		-	assessed value (excluding any exemptions or deductions) of
1606		-	the improvements does not exceed thirty-seven thousand four
1607		-	hundred forty dollars ($37,440).
1608		-	(B) A two (2) family dwelling if before rehabilitation the
1609		-	assessed value (excluding exemptions or deductions) of the
1610		-	improvements does not exceed forty-nine thousand nine
1611		-	hundred twenty dollars ($49,920).
1612		-	(C) A dwelling with more than two (2) family units if before
1613		-	rehabilitation the assessed value (excluding any exemptions or
1614		-	deductions) of the improvements does not exceed eighteen
1615		-	thousand seven hundred twenty dollars ($18,720) per dwelling
1616		-	unit; and
1617		-	(2) if the property owner:
1618		-	(A) owns the residential real property; or
1619		-	(B) is buying the residential real property under contract;
1620		-	on the assessment date of the year in which an application must
1621		-	be filed under section 20 of this chapter.
1622		-	(f) A county, city, or town fiscal body may adopt an ordinance to
1623		-	establish a deduction period that is longer than five (5) years but not to
1624		-	exceed fifteen (15) years for any rehabilitated property covered by this
1625		-	section that has also been determined to be abandoned or vacant for
1626		-	purposes of IC 6-1.1-24.
1627		-	(g) This section expires January 1, 2033. 2027.
1628		-	SEA 1 — Concur 39
1629		-	SECTION 33. IC 6-1.1-12-21 IS AMENDED TO READ AS
1630		-	FOLLOWS [EFFECTIVE JANUARY 1, 2025 (RETROACTIVE)]:
1631		-	Sec. 21. When real property is reassessed because it has been
1632		-	rehabilitated, the assessing official who, or the county property tax
1633		-	assessment board of appeals which, makes the reassessment shall give
1634		-	the owner notice of the property tax deductions provided by sections 18
1635		-	and 22 of this chapter (before their expiration). The official or county
1636		-	property tax assessment board of appeals shall attach the notice to the
1637		-	reassessment notice required by IC 6-1.1-4-22.
1638		-	SECTION 34. IC 6-1.1-12-26, AS AMENDED BY P.L.113-2010,
1639		-	SECTION 25, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
1640		-	JANUARY 1, 2025 (RETROACTIVE)]: Sec. 26. (a) The owner of real
1641		-	property, or a mobile home which is not assessed as real property,
1642		-	which is equipped with a solar energy heating or cooling system may
1643		-	have deducted annually from the assessed value of the real property or
1644		-	mobile home an amount which is equal to the out-of-pocket
1645		-	expenditures by the owner (or a previous owner) of the real property or
1646		-	mobile home for:
1647		-	(1) the components; and
1648		-	(2) the labor involved in installing the components;
1649		-	that are unique to the system and that are needed to collect, store, or
1650		-	distribute solar energy.
1651		-	(b) The tangible property to which subsection (a) applies includes
1652		-	a solar thermal air system and any solar energy heating or cooling
1653		-	system used for:
1654		-	(1) domestic hot water or space heat, or both, including pool
1655		-	heating; or
1656		-	(2) preheating for an industrial process.
1657		-	(c) Subsection (a) does not apply to tangible property that would not
1658		-	be subject to assessment and taxation under this article if this section
1659		-	did not apply.
1660		-	(d) For purposes of subsection (a), proof of out-of-pocket
1661		-	expenditures may be demonstrated by invoices or other evidence of a
1662		-	purchase and installation, as determined under rules or guidelines
1663		-	prescribed by the department of local government finance.
1664		-	(e) This section applies only to property taxes imposed for an
1665		-	assessment date before January 1, 2025.
1666		-	(f) This section expires January 1, 2027.
1667		-	SECTION 35. IC 6-1.1-12-26.1, AS ADDED BY P.L.137-2012,
1668		-	SECTION 15, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
1669		-	JANUARY 1, 2025 (RETROACTIVE)]: Sec. 26.1. (a) This section
1670		-	applies only to a solar power device that is installed after December 31,
1671		-	SEA 1 — Concur 40
1672		-	2011.
1673		-	(b) This section does not apply to a solar power device that is owned
1674		-	or operated by a person that provides electricity at wholesale or retail
1675		-	for consideration other than a person that:
1676		-	(1) participates in a net metering or feed-in-tariff program offered
1677		-	by an electric utility with respect to the solar power device; or
1678		-	(2) is the owner or host of the solar power device site and a person
1679		-	consumes on the site the equivalent amount of electricity that is
1680		-	generated by the solar power device on an annual basis even if the
1681		-	electricity is sold to a public utility, including a solar power
1682		-	device directly serving a public utility's business operations site.
1683		-	(c) For purposes of this section, "solar power device" means a
1684		-	device, such as a solar thermal, a photovoltaic, or other solar energy
1685		-	system, that is designed to use the radiant light or heat from the sun to
1686		-	produce electricity.
1687		-	(d) The owner of real property equipped with a solar power device
1688		-	that is assessed as a real property improvement may have deducted
1689		-	annually from the assessed value of the real property an amount equal
1690		-	to:
1691		-	(1) the assessed value of the real property with the solar power
1692		-	device included; minus
1693		-	(2) the assessed value of the real property without the solar power
1694		-	device.
1695		-	(e) The owner of a solar power device that is assessed as:
1696		-	(1) distributable property under IC 6-1.1-8; or
1697		-	(2) personal property;
1698		-	may have deducted annually the assessed value of the solar power
1699		-	device.
1700		-	(f) This section applies only to property taxes imposed for an
1701		-	assessment date before January 1, 2025.
1702		-	(g) This section expires January 1, 2027.
1703		-	SECTION 36. IC 6-1.1-12-27.1, AS AMENDED BY P.L.136-2024,
1704		-	SECTION 11, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
1705		-	JANUARY 1, 2025 (RETROACTIVE)]: Sec. 27.1. (a) Except as
1706		-	provided in sections 36 and 44 of this chapter and subject to section 45
1707		-	of this chapter, a person who desires to claim the deduction provided
1708		-	by section 26 or 26.1 of this chapter must file a certified statement in
1709		-	duplicate, on forms prescribed by the department of local government
1710		-	finance, with the auditor of the county in which the real property,
1711		-	mobile home, manufactured home, or solar power device is subject to
1712		-	assessment. To obtain the deduction for a desired calendar year in
1713		-	which property taxes are first due and payable, the person must
1714		-	SEA 1 — Concur 41
1715		-	complete, date, and file the certified statement with the county auditor
1716		-	on or before January 15 of the calendar year in which the property taxes
1717		-	are first due and payable. The person must:
1718		-	(1) own the real property, mobile home, or manufactured home or
1719		-	own the solar power device;
1720		-	(2) be buying the real property, mobile home, manufactured
1721		-	home, or solar power device under contract; or
1722		-	(3) be leasing the real property from the real property owner and
1723		-	be subject to assessment and property taxation with respect to the
1724		-	solar power device;
1725		-	on the date the statement is filed under this section. The statement may
1726		-	be filed in person or by mail. If mailed, the mailing must be postmarked
1727		-	on or before the last day for filing. On verification of the statement by
1728		-	the assessor of the township in which the real property, mobile home,
1729		-	manufactured home, or solar power device is subject to assessment, or
1730		-	the county assessor if there is no township assessor for the township,
1731		-	the county auditor shall allow the deduction.
1732		-	(b) This section applies only to property taxes imposed for an
1733		-	assessment date before January 1, 2025.
1734		-	(c) This section expires January 1, 2027.
1735		-	SECTION 37. IC 6-1.1-12-28.5, AS AMENDED BY P.L.146-2008,
1736		-	SECTION 112, IS AMENDED TO READ AS FOLLOWS
1737		-	[EFFECTIVE JANUARY 1, 2025 (RETROACTIVE)]: Sec. 28.5. (a)
1738		-	For purposes of this section:
1739		-	(1) "Hazardous waste" has the meaning set forth in
1740		-	IC 13-11-2-99(a) and includes a waste determined to be a
1741		-	hazardous waste under IC 13-22-2-3(b).
1742		-	(2) "Resource recovery system" means tangible property directly
1743		-	used to dispose of solid waste or hazardous waste by converting
1744		-	it into energy or other useful products.
1745		-	(3) "Solid waste" has the meaning set forth in IC 13-11-2-205(a)
1746		-	but does not include dead animals or any animal solid or
1747		-	semisolid wastes.
1748		-	(b) Except as provided in this section, the owner of a resource
1749		-	recovery system is entitled to an annual deduction in an amount equal
1750		-	to ninety-five percent (95%) of the assessed value of the system if:
1751		-	(1) the system was certified by the department of environmental
1752		-	management for the 1993 assessment year or a prior assessment
1753		-	year; and
1754		-	(2) the owner filed a timely application for the deduction for the
1755		-	1993 assessment year.
1756		-	For purposes of this section, a system includes tangible property that
1757		-	SEA 1 — Concur 42
1758		-	replaced tangible property in the system after the certification by the
1759		-	department of environmental management.
1760		-	(c) The owner of a resource recovery system that is directly used to
1761		-	dispose of hazardous waste is not entitled to the deduction provided by
1762		-	this section for a particular assessment year if during that assessment
1763		-	year the owner:
1764		-	(1) is convicted of any violation under IC 13-7-13-3 (repealed),
1765		-	IC 13-7-13-4 (repealed), or a criminal statute under IC 13; or
1766		-	(2) is subject to an order or a consent decree with respect to
1767		-	property located in Indiana based upon a violation of a federal or
1768		-	state rule, regulation, or statute governing the treatment, storage,
1769		-	or disposal of hazardous wastes that had a major or moderate
1770		-	potential for harm.
1771		-	(d) The certification of a resource recovery system by the
1772		-	department of environmental management for the 1993 assessment
1773		-	year or a prior assessment year is valid through the 1997 assessment
1774		-	year so long as the property is used as a resource recovery system. If
1775		-	the property is no longer used for the purpose for which the property
1776		-	was used when the property was certified, the owner of the property
1777		-	shall notify the county auditor. However, the deduction from the
1778		-	assessed value of the system is:
1779		-	(1) ninety-five percent (95%) for the 1994 assessment year;
1780		-	(2) ninety percent (90%) for the 1995 assessment year;
1781		-	(3) seventy-five percent (75%) for the 1996 assessment year; and
1782		-	(4) sixty percent (60%) for the 1997 assessment year.
1783		-	Notwithstanding this section as it existed before 1995, for the 1994
1784		-	assessment year, the portion of any tangible property comprising a
1785		-	resource recovery system that was assessed and first deducted for the
1786		-	1994 assessment year may not be deducted for property taxes first due
1787		-	and payable in 1995 or later.
1788		-	(e) In order to qualify for a deduction under this section, the person
1789		-	who desires to claim the deduction must file an application with the
1790		-	county auditor after February 28 and before May 16 of the current
1791		-	assessment year. An application must be filed in each year for which
1792		-	the person desires to obtain the deduction. The application may be filed
1793		-	in person or by mail. If mailed, the mailing must be postmarked on or
1794		-	before the last day for filing. If the application is not filed before the
1795		-	applicable deadline under this subsection, the deduction is waived. The
1796		-	application must be filed on a form prescribed by the department of
1797		-	local government finance. The application for a resource recovery
1798		-	system deduction must include:
1799		-	(1) a certification by the department of environmental
1800		-	SEA 1 — Concur 43
1801		-	management for the 1993 assessment year or a prior assessment
1802		-	year as described in subsection (d); or
1803		-	(2) the certification by the department of environmental
1804		-	management for the 1993 assessment year as described in
1805		-	subsection (g).
1806		-	Beginning with the 1995 assessment year a person must also file an
1807		-	itemized list of all property on which a deduction is claimed. The list
1808		-	must include the date of purchase of the property and the cost to
1809		-	acquire the property.
1810		-	(f) Before July 1, 1995, the department of environmental
1811		-	management shall transfer all the applications, records, or other
1812		-	material the department has with respect to resource recovery system
1813		-	deductions under this section for the 1993 and 1994 assessment years.
1814		-	The township assessor, or the county assessor if there is no township
1815		-	assessor for the township, shall verify each deduction application filed
1816		-	under this section and the county auditor shall determine the deduction.
1817		-	The county auditor shall send to the department of local government
1818		-	finance a copy of each deduction application. The county auditor shall
1819		-	notify the county property tax assessment board of appeals of all
1820		-	deductions allowed under this section. A denial of a deduction claimed
1821		-	under this subsection may be appealed as provided in IC 6-1.1-15. The
1822		-	appeal is limited to a review of a determination made by the township
1823		-	assessor, the county assessor, or the county auditor.
1824		-	(g) Notwithstanding subsection (d), the certification for the 1993
1825		-	assessment year of a resource recovery system in regard to which a
1826		-	political subdivision is liable for the payment of the property taxes
1827		-	remains valid at the ninety-five percent (95%) deduction level allowed
1828		-	before 1994 as long as the political subdivision remains liable for the
1829		-	payment of the property taxes on the system.
1830		-	(h) This section applies only to property taxes imposed for an
1831		-	assessment date before January 1, 2025.
1832		-	(i) This section expires January 1, 2027.
1833		-	SECTION 38. IC 6-1.1-12-29, AS AMENDED BY P.L.46-2011,
1834		-	SECTION 1, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
1835		-	JANUARY 1, 2025 (RETROACTIVE)]: Sec. 29. (a) This section does
1836		-	not apply to a wind power device that is owned or operated by:
1837		-	(1) a public utility (as defined in IC 8-1-2-1(a)); or
1838		-	(2) another entity that provides electricity at wholesale or retail
1839		-	for consideration, other than a person who participates in a net
1840		-	metering program offered by an electric utility.
1841		-	This subsection shall be interpreted to clarify and not to change the
1842		-	general assembly's intent with respect to this section.
1843		-	SEA 1 — Concur 44
1844		-	(b) For purposes of this section, "wind power device" means a
1845		-	device, such as a windmill or a wind turbine, that is designed to utilize
1846		-	the kinetic energy of moving air to provide mechanical energy or to
1847		-	produce electricity.
1848		-	(c) The owner of real property, or a mobile home that is not assessed
1849		-	as real property, that is equipped with a wind power device is entitled
1850		-	to an annual property tax deduction. The amount of the deduction
1851		-	equals the remainder of (1) the assessed value of the real property or
1852		-	mobile home with the wind power device included, minus (2) the
1853		-	assessed value of the real property or mobile home without the wind
1854		-	power device.
1855		-	(d) This section applies only to property taxes imposed for an
1856		-	assessment date before January 1, 2025.
1857		-	(e) This section expires January 1, 2027.
1858		-	SECTION 39. IC 6-1.1-12-30, AS AMENDED BY P.L.136-2024,
1859		-	SECTION 12, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
1860		-	JANUARY 1, 2025 (RETROACTIVE)]: Sec. 30. (a) Except as
1861		-	provided in sections 36 and 44 of this chapter and subject to section 45
1862		-	of this chapter, a person who desires to claim the deduction provided
1863		-	by section 29 of this chapter must file a certified statement in duplicate,
1864		-	on forms prescribed by the department of local government finance,
1865		-	with the auditor of the county in which the real property or mobile
1866		-	home is subject to assessment. To obtain the deduction for a desired
1867		-	calendar year in which property taxes are first due and payable, the
1868		-	person must complete, date, and file the statement with the county
1869		-	auditor on or before January 15 of the calendar year in which the
1870		-	property taxes are first due and payable. The person must:
1871		-	(1) own the real property, mobile home, or manufactured home;
1872		-	or
1873		-	(2) be buying the real property, mobile home, or manufactured
1874		-	home under contract;
1875		-	on the date the statement is filed under this section. On verification of
1876		-	the statement by the assessor of the township in which the real property
1877		-	or mobile home is subject to assessment, or the county assessor if there
1878		-	is no township assessor for the township, the county auditor shall allow
1879		-	the deduction.
1880		-	(b) This section applies only to property taxes imposed for an
1881		-	assessment date before January 1, 2025.
1882		-	(c) This section expires January 1, 2027.
1883		-	SECTION 40. IC 6-1.1-12-33, AS AMENDED BY P.L.144-2008,
1884		-	SECTION 32, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
1885		-	JANUARY 1, 2025 (RETROACTIVE)]: Sec. 33. (a) For purposes of
1886		-	SEA 1 — Concur 45
1887		-	this section "hydroelectric power device" means a device which is
1888		-	installed after December 31, 1981, and is designed to utilize the kinetic
1889		-	power of moving water to provide mechanical energy or to produce
1890		-	electricity.
1891		-	(b) The owner of real property, or a mobile home that is not assessed
1892		-	as real property, that is equipped with a hydroelectric power device is
1893		-	annually entitled to a property tax deduction. The amount of the
1894		-	deduction equals the remainder of:
1895		-	(1) the assessed value of the real property or mobile home with
1896		-	the hydroelectric power device; minus
1897		-	(2) the assessed value of the real property or mobile home without
1898		-	the hydroelectric power device.
1899		-	(c) The deduction provided by this section applies only if the
1900		-	property owner:
1901		-	(1) owns the real property or mobile home; or
1902		-	(2) is buying the real property or mobile home under contract;
1903		-	on the date the statement is filed under section 35.5 of this chapter.
1904		-	(d) This section applies only to property taxes imposed for an
1905		-	assessment date before January 1, 2025.
1906		-	(e) This section expires January 1, 2027.
1907		-	SECTION 41. IC 6-1.1-12-34, AS AMENDED BY P.L.144-2008,
1908		-	SECTION 33, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
1909		-	JANUARY 1, 2025 (RETROACTIVE)]: Sec. 34. (a) For purposes of
1910		-	this section, "geothermal energy heating or cooling device" means a
1911		-	device that is installed after December 31, 1981, and is designed to
1912		-	utilize the natural heat from the earth to provide hot water, produce
1913		-	electricity, or generate heating or cooling.
1914		-	(b) The owner of real property, or a mobile home that is not assessed
1915		-	as real property, that is equipped with a geothermal energy heating or
1916		-	cooling device is annually entitled to a property tax deduction. The
1917		-	amount of the deduction equals the remainder of: (1) the assessed value
1918		-	of the real property or mobile home with the geothermal heating or
1919		-	cooling device; minus (2) the assessed value of the real property or
1920		-	mobile home without the geothermal heating or cooling device.
1921		-	(c) The deduction provided by this section applies only if the
1922		-	property owner:
1923		-	(1) owns the real property or mobile home; or
1924		-	(2) is buying the real property or mobile home under contract;
1925		-	on the date the statement is filed under section 35.5 of this chapter.
1926		-	(d) This section applies only to property taxes imposed for an
1927		-	assessment date before January 1, 2025.
1928		-	(e) This section expires January 1, 2027.
1929		-	SEA 1 — Concur 46
1930		-	SECTION 42. IC 6-1.1-12-35.5, AS AMENDED BY P.L.136-2024,
1931		-	SECTION 13, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
1932		-	JANUARY 1, 2025 (RETROACTIVE)]: Sec. 35.5. (a) Except as
1933		-	provided in section 36 or 44 of this chapter and subject to section 45 of
1934		-	this chapter, a person who desires to claim the deduction provided by
1935		-	section 33 (before its expiration) or 34 (before its expiration) of this
1936		-	chapter must file a certified statement in duplicate, on forms prescribed
1937		-	by the department of local government finance and proof of
1938		-	certification under subsection (b) with the auditor of the county in
1939		-	which the property for which the deduction is claimed is subject to
1940		-	assessment. To obtain the deduction for a desired calendar year in
1941		-	which property taxes are first due and payable, the person must
1942		-	complete, date, and file the certified statement with the county auditor
1943		-	on or before January 15 of the calendar year in which the property taxes
1944		-	are first due and payable. The statement may be filed in person or by
1945		-	mail. If mailed, the mailing must be postmarked on or before the last
1946		-	day for filing. On verification of the statement by the assessor of the
1947		-	township in which the property for which the deduction is claimed is
1948		-	subject to assessment, or the county assessor if there is no township
1949		-	assessor for the township, the county auditor shall allow the deduction.
1950		-	(b) The department of environmental management, upon application
1951		-	by a property owner, shall determine whether a system or device
1952		-	qualifies for a deduction provided by section 33 (before its expiration)
1953		-	or 34 (before its expiration) of this chapter. If the department
1954		-	determines that a system or device qualifies for a deduction, it shall
1955		-	certify the system or device and provide proof of the certification to the
1956		-	property owner. The department shall prescribe the form and manner
1957		-	of the certification process required by this subsection.
1958		-	(c) If the department of environmental management receives an
1959		-	application for certification, the department shall determine whether
1960		-	the system or device qualifies for a deduction. If the department fails
1961		-	to make a determination under this subsection before December 31 of
1962		-	the year in which the application is received, the system or device is
1963		-	considered certified.
1964		-	(d) A denial of a deduction claimed under section 33 (before its
1965		-	expiration) or 34 (before its expiration) of this chapter may be
1966		-	appealed as provided in IC 6-1.1-15. The appeal is limited to a review
1967		-	of a determination made by the township assessor county property tax
1968		-	assessment board of appeals, or department of local government
1969		-	finance.
1970		-	(e) Notwithstanding any other law, if there is a change in ownership
1971		-	of real property, or a mobile home that is not assessed as real property:
1972		-	SEA 1 — Concur 47
1973		-	(1) that is equipped with a geothermal energy heating or cooling
1974		-	device; and
1975		-	(2) whose previous owner received a property tax deduction under
1976		-	section 34 of this chapter (before its expiration) for the
1977		-	geothermal energy heating or cooling device prior to the change
1978		-	in ownership;
1979		-	the new owner shall be eligible for the property tax deduction following
1980		-	the change in ownership and, in subsequent taxable years, shall not be
1981		-	required to obtain a determination of qualification from the department
1982		-	of environmental management under subsection (b) and shall not be
1983		-	required to file a certified statement of qualification with the county
1984		-	auditor under subsection (a) to remain eligible for the property tax
1985		-	deduction.
1986		-	(f) This section applies only to property taxes imposed for an
1987		-	assessment date before January 1, 2025.
1988		-	(g) This section expires January 1, 2027.
1989		-	SECTION 43. IC 6-1.1-12-36, AS AMENDED BY P.L.214-2019,
1990		-	SECTION 15, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
1991		-	JANUARY 1, 2025 (RETROACTIVE)]: Sec. 36. (a) A person who
1992		-	receives a deduction provided under section 26 (before its expiration),
1993		-	29 (before its expiration), 33 (before its expiration), 34 (before its
1994		-	expiration), or 38 (before its expiration) of this chapter for a
1995		-	particular year and who remains eligible for the deduction for the
1996		-	following year is not required to file a statement to apply for the
1997		-	deduction for the following year.
1998		-	(b) A person who receives a deduction provided under section 26
1999		-	(before its expiration), 29 (before its expiration), 33 (before its
2000		-	expiration), 34 (before its expiration), or 38 (before its expiration)
2001		-	of this chapter for a particular year and who becomes ineligible for the
2002		-	deduction for the following year shall notify the auditor of the county
2003		-	in which the real property or mobile home for which the person
2004		-	received the deduction is located of the person's ineligibility before
2005		-	March 31 of the year for which the person becomes ineligible.
2006		-	(c) The auditor of each county shall, in a particular year, apply a
2007		-	deduction provided under section 26 (before its expiration), 29
2008		-	(before its expiration), 33 (before its expiration), 34 (before its
2009		-	expiration), or 38 (before its expiration) of this chapter to each
2010		-	person who received the deduction in the preceding year unless the
2011		-	auditor determines that the person is no longer eligible for the
2012		-	deduction.
2013		-	(d) This section applies only to property taxes imposed for an
2014		-	assessment date before January 1, 2025.
2015		-	SEA 1 — Concur 48
2016		-	(e) This section expires January 1, 2027.
2017		-	SECTION 44. IC 6-1.1-12-37, AS AMENDED BY P.L.156-2024,
2018		-	SECTION 11, AND AS AMENDED BY P.L.136-2024, SECTION 14,
2019		-	AND AS AMENDED BY THE TECHNICAL CORRECTIONS BILL
2020		-	OF THE 2025 GENERAL ASSEMBLY, IS CORRECTED AND
2021		-	AMENDED TO READ AS FOLLOWS [EFFECTIVE JANUARY 1,
2022		-	2025 (RETROACTIVE)]: Sec. 37. (a) The following definitions apply
2023		-	throughout this section:
2024		-	(1) "Dwelling" means any of the following:
2025		-	(A) Residential real property improvements that an individual
2026		-	uses as the individual's residence, limited to a single house and
2027		-	a single garage, regardless of whether the single garage is
2028		-	attached to the single house or detached from the single house.
2029		-	(B) A mobile home that is not assessed as real property that an
2030		-	individual uses as the individual's residence.
2031		-	(C) A manufactured home that is not assessed as real property
2032		-	that an individual uses as the individual's residence.
2033		-	(2) "Homestead" means an individual's principal place of
2034		-	residence:
2035		-	(A) that is located in Indiana;
2036		-	(B) that:
2037		-	(i) the individual owns;
2038		-	(ii) the individual is buying under a contract recorded in the
2039		-	county recorder's office, or evidenced by a memorandum of
2040		-	contract recorded in the county recorder's office under
2041		-	IC 36-2-11-20, that provides that the individual is to pay the
2042		-	property taxes on the residence, and that obligates the owner
2043		-	to convey title to the individual upon completion of all of the
2044		-	individual's contract obligations;
2045		-	(iii) the individual is entitled to occupy as a
2046		-	tenant-stockholder (as defined in 26 U.S.C. 216) of a
2047		-	cooperative housing corporation (as defined in 26 U.S.C.
2048		-	216); or
2049		-	(iv) is a residence described in section 17.9 of this chapter
2050		-	(before its expiration) that is owned by a trust if the
2051		-	individual is an individual described in section 17.9 of this
2052		-	chapter (before its expiration); and
2053		-	(C) that consists of a dwelling and includes up to one (1) acre
2054		-	of land immediately surrounding that dwelling, and any of the
2055		-	following improvements:
2056		-	(i) Any number of decks, patios, gazebos, or pools.
2057		-	(ii) One (1) additional building that is not part of the
2058		-	SEA 1 — Concur 49
2059		-	dwelling if the building is predominantly used for a
2060		-	residential purpose and is not used as an investment property
2061		-	or as a rental property.
2062		-	(iii) One (1) additional residential yard structure other than
2063		-	a deck, patio, gazebo, or pool.
2064		-	Except as provided in subsection (q), (r), the term does not
2065		-	include property owned by a corporation, partnership, limited
2066		-	liability company, or other entity not described in this
2067		-	subdivision.
2068		-	(b) Each year a homestead is eligible for a standard deduction from
2069		-	the assessed value of the homestead for an assessment date. Except as
2070		-	provided in subsection (m), (n), the deduction provided by this section
2071		-	applies to property taxes first due and payable for an assessment date
2072		-	only if an individual has an interest in the homestead described in
2073		-	subsection (a)(2)(B) on:
2074		-	(1) the assessment date; or
2075		-	(2) any date in the same year after an assessment date that a
2076		-	statement is filed under subsection (e) or section 44 of this
2077		-	chapter, if the property consists of real property.
2078		-	If more than one (1) individual or entity qualifies property as a
2079		-	homestead under subsection (a)(2)(B) for an assessment date, only one
2080		-	(1) standard deduction from the assessed value of the homestead may
2081		-	be applied for the assessment date. Subject to subsection (c), the
2082		-	auditor of the county shall record and make the deduction for the
2083		-	individual or entity qualifying for the deduction.
2084		-	(c) Except as provided in section 40.5 of this chapter, the total
2085		-	amount of the deduction that a person may receive under this section
2086		-	for a particular year is: the lesser of:
2087		-	(1) for assessment dates before January 1, 2025, the lesser of:
2088		-	(A) sixty percent (60%) of the assessed value of the real
2089		-	property, mobile home not assessed as real property, or
2090		-	manufactured home not assessed as real property; or
2091		-	(B) forty-eight thousand dollars ($48,000); or
2092		-	(2) for assessment dates:
2093		-	(A) before January 1, 2023, forty-five thousand dollars
2094		-	($45,000); or
2095		-	(B) after December 31, 2022, forty-eight thousand dollars
2096		-	($48,000).
2097		-	(2) for assessment dates after December 31, 2024:
2098		-	(A) in 2025, forty-eight thousand dollars ($48,000);
2099		-	(B) in 2026, forty thousand dollars ($40,000);
2100		-	(C) in 2027, thirty thousand dollars ($30,000);
2101		-	SEA 1 — Concur 50
2102		-	(D) in 2028, twenty thousand dollars ($20,000); and
2103		-	(E) in 2029, ten thousand dollars ($10,000).
2104		-	Beginning with the 2030 assessment date, and each assessment date
2105		-	thereafter, the deduction amount under this section is zero (0).
2106		-	Application of the phase down under this section for assessment
2107		-	dates after December 31, 2024, with regard to mobile homes that
2108		-	are not assessed as real property and manufactured homes not
2109		-	assessed as real property shall be construed and applied in the
2110		-	same manner in terms of timing and consistent with its application
2111		-	for real property.
2112		-	(d) A person who has sold real property, a mobile home not assessed
2113		-	as real property, or a manufactured home not assessed as real property
2114		-	to another person under a contract that provides that the contract buyer
2115		-	is to pay the property taxes on the real property, mobile home, or
2116		-	manufactured home may not claim the deduction provided under this
2117		-	section with respect to that real property, mobile home, or
2118		-	manufactured home.
2119		-	(e) Except as provided in sections 17.8 and 44 of this chapter and
2120		-	subject to section 45 of this chapter, an individual who desires to claim
2121		-	the deduction provided by this section must file a certified statement on
2122		-	forms prescribed by the department of local government finance with
2123		-	the auditor of the county in which the homestead is located. The
2124		-	statement must include:
2125		-	(1) the parcel number or key number of the property and the name
2126		-	of the city, town, or township in which the property is located;
2127		-	(2) the name of any other location in which the applicant or the
2128		-	applicant's spouse owns, is buying, or has a beneficial interest in
2129		-	residential real property;
2130		-	(3) the names of:
2131		-	(A) the applicant and the applicant's spouse (if any):
2132		-	(i) as the names appear in the records of the United States
2133		-	Social Security Administration for the purposes of the
2134		-	issuance of a Social Security card and Social Security
2135		-	number; or
2136		-	(ii) that they use as their legal names when they sign their
2137		-	names on legal documents;
2138		-	if the applicant is an individual; or
2139		-	(B) each individual who qualifies property as a homestead
2140		-	under subsection (a)(2)(B) and the individual's spouse (if any):
2141		-	(i) as the names appear in the records of the United States
2142		-	Social Security Administration for the purposes of the
2143		-	issuance of a Social Security card and Social Security
2144		-	SEA 1 — Concur 51
2145		-	number; or
2146		-	(ii) that they use as their legal names when they sign their
2147		-	names on legal documents;
2148		-	if the applicant is not an individual; and
2149		-	(4) either:
2150		-	(A) the last five (5) digits of the applicant's Social Security
2151		-	number and the last five (5) digits of the Social Security
2152		-	number of the applicant's spouse (if any); or
2153		-	(B) if the applicant or the applicant's spouse (if any) does not
2154		-	have a Social Security number, any of the following for that
2155		-	individual:
2156		-	(i) The last five (5) digits of the individual's driver's license
2157		-	number.
2158		-	(ii) The last five (5) digits of the individual's state
2159		-	identification card number.
2160		-	(iii) The last five (5) digits of a preparer tax identification
2161		-	number that is obtained by the individual through the
2162		-	Internal Revenue Service of the United States.
2163		-	(iv) If the individual does not have a driver's license, a state
2164		-	identification card, or an Internal Revenue Service preparer
2165		-	tax identification number, the last five (5) digits of a control
2166		-	number that is on a document issued to the individual by the
2167		-	United States government.
2168		-	If a form or statement provided to the county auditor under this section,
2169		-	IC 6-1.1-22-8.1, or IC 6-1.1-22.5-12 includes the telephone number or
2170		-	part or all of the Social Security number of a party or other number
2171		-	described in subdivision (4)(B) of a party, the telephone number and
2172		-	the Social Security number or other number described in subdivision
2173		-	(4)(B) included are confidential. The statement may be filed in person
2174		-	or by mail. If the statement is mailed, the mailing must be postmarked
2175		-	on or before the last day for filing. The statement applies for that first
2176		-	year and any succeeding year for which the deduction is allowed. To
2177		-	obtain the deduction for a desired calendar year in which property
2178		-	taxes are first due and payable, the statement must be completed and
2179		-	dated in the immediately preceding calendar year and filed with the
2180		-	county auditor on or before January 5 of the calendar year in which
2181		-	the property taxes are first due and payable.
2182		-	(f) To obtain the deduction for a desired calendar year under this
2183		-	section in which property taxes are first due and payable, the
2184		-	individual desiring to claim the deduction must do the following as
2185		-	applicable:
2186		-	(1) Complete, date, and file the certified statement described in
2187		-	SEA 1 — Concur 52
2188		-	subsection (e) on or before January 15 of the calendar year in
2189		-	which the property taxes are first due and payable.
2190		-	(2) Satisfy any recording requirements on or before January 15
2191		-	of the calendar year in which the property taxes are first due and
2192		-	payable for a homestead described in subsection (a)(2).
2193		-	(f) (g) Except as provided in subsection (k), (l), if a person who is
2194		-	receiving, or seeks to receive, the deduction provided by this section in
2195		-	the person's name:
2196		-	(1) changes the use of the individual's property so that part or all
2197		-	of the property no longer qualifies for the deduction under this
2198		-	section; or
2199		-	(2) is not eligible for a deduction under this section because the
2200		-	person is already receiving:
2201		-	(A) a deduction under this section in the person's name as an
2202		-	individual or a spouse; or
2203		-	(B) a deduction under the law of another state that is
2204		-	equivalent to the deduction provided by this section;
2205		-	the person must file a certified statement with the auditor of the county,
2206		-	notifying the auditor of the person's ineligibility, not more than sixty
2207		-	(60) days after the date of the change in eligibility. A person who fails
2208		-	to file the statement required by this subsection may, under
2209		-	IC 6-1.1-36-17, be liable for any additional taxes that would have been
2210		-	due on the property if the person had filed the statement as required by
2211		-	this subsection plus a civil penalty equal to ten percent (10%) of the
2212		-	additional taxes due. The civil penalty imposed under this subsection
2213		-	is in addition to any interest and penalties for a delinquent payment that
2214		-	might otherwise be due. One percent (1%) of the total civil penalty
2215		-	collected under this subsection shall be transferred by the county to the
2216		-	department of local government finance for use by the department in
2217		-	establishing and maintaining the homestead property data base under
2218		-	subsection (i) (j) and, to the extent there is money remaining, for any
2219		-	other purposes of the department. This amount becomes part of the
2220		-	property tax liability for purposes of this article.
2221		-	(g) (h) The department of local government finance may adopt rules
2222		-	or guidelines concerning the application for a deduction under this
2223		-	section.
2224		-	(h) (i) This subsection does not apply to property in the first year for
2225		-	which a deduction is claimed under this section if the sole reason that
2226		-	a deduction is claimed on other property is that the individual or
2227		-	married couple maintained a principal residence at the other property
2228		-	on the assessment date in the same year in which an application for a
2229		-	deduction is filed under this section or, if the application is for a
2230		-	SEA 1 — Concur 53
2231		-	homestead that is assessed as personal property, on the assessment date
2232		-	in the immediately preceding year and the individual or married couple
2233		-	is moving the individual's or married couple's principal residence to the
2234		-	property that is the subject of the application. Except as provided in
2235		-	subsection (k), (l), the county auditor may not grant an individual or a
2236		-	married couple a deduction under this section if:
2237		-	(1) the individual or married couple, for the same year, claims the
2238		-	deduction on two (2) or more different applications for the
2239		-	deduction; and
2240		-	(2) the applications claim the deduction for different property.
2241		-	(i) (j) The department of local government finance shall provide
2242		-	secure access to county auditors to a homestead property data base that
2243		-	includes access to the homestead owner's name and the numbers
2244		-	required from the homestead owner under subsection (e)(4) for the sole
2245		-	purpose of verifying whether an owner is wrongly claiming a deduction
2246		-	under this chapter or a credit under IC 6-1.1-20.4, IC 6-1.1-20.6, or
2247		-	IC 6-3.6-5 (after December 31, 2016). (before its expiration). Each
2248		-	county auditor shall submit data on deductions applicable to the current
2249		-	tax year on or before March 15 of each year in a manner prescribed by
2250		-	the department of local government finance.
2251		-	(j) (k) A county auditor may require an individual to provide
2252		-	evidence proving that the individual's residence is the individual's
2253		-	principal place of residence as claimed in the certified statement filed
2254		-	under subsection (e). The county auditor may limit the evidence that an
2255		-	individual is required to submit to a state income tax return, a valid
2256		-	driver's license, or a valid voter registration card showing that the
2257		-	residence for which the deduction is claimed is the individual's
2258		-	principal place of residence. The county auditor may not deny an
2259		-	application filed under section 44 of this chapter because the applicant
2260		-	does not have a valid driver's license or state identification card with
2261		-	the address of the homestead property. The department of local
2262		-	government finance shall work with county auditors to develop
2263		-	procedures to determine whether a property owner that is claiming a
2264		-	standard deduction or homestead credit is not eligible for the standard
2265		-	deduction or homestead credit because the property owner's principal
2266		-	place of residence is outside Indiana.
2267		-	(k) (l) A county auditor shall grant an individual a deduction under
2268		-	this section regardless of whether the individual and the individual's
2269		-	spouse claim a deduction on two (2) different applications and each
2270		-	application claims a deduction for different property if the property
2271		-	owned by the individual's spouse is located outside Indiana and the
2272		-	individual files an affidavit with the county auditor containing the
2273		-	SEA 1 — Concur 54
2274		-	following information:
2275		-	(1) The names of the county and state in which the individual's
2276		-	spouse claims a deduction substantially similar to the deduction
2277		-	allowed by this section.
2278		-	(2) A statement made under penalty of perjury that the following
2279		-	are true:
2280		-	(A) That the individual and the individual's spouse maintain
2281		-	separate principal places of residence.
2282		-	(B) That neither the individual nor the individual's spouse has
2283		-	an ownership interest in the other's principal place of
2284		-	residence.
2285		-	(C) That neither the individual nor the individual's spouse has,
2286		-	for that same year, claimed a standard or substantially similar
2287		-	deduction for any property other than the property maintained
2288		-	as a principal place of residence by the respective individuals.
2289		-	A county auditor may require an individual or an individual's spouse to
2290		-	provide evidence of the accuracy of the information contained in an
2291		-	affidavit submitted under this subsection. The evidence required of the
2292		-	individual or the individual's spouse may include state income tax
2293		-	returns, excise tax payment information, property tax payment
2294		-	information, driver driver's license information, and voter registration
2295		-	information.
2296		-	(l) (m) If:
2297		-	(1) a property owner files a statement under subsection (e) to
2298		-	claim the deduction provided by this section for a particular
2299		-	property; and
2300		-	(2) the county auditor receiving the filed statement determines
2301		-	that the property owner's property is not eligible for the deduction;
2302		-	the county auditor shall inform the property owner of the county
2303		-	auditor's determination in writing. If a property owner's property is not
2304		-	eligible for the deduction because the county auditor has determined
2305		-	that the property is not the property owner's principal place of
2306		-	residence, the property owner may appeal the county auditor's
2307		-	determination as provided in IC 6-1.1-15. The county auditor shall
2308		-	inform the property owner of the owner's right to appeal when the
2309		-	county auditor informs the property owner of the county auditor's
2310		-	determination under this subsection.
2311		-	(m) (n) An individual is entitled to the deduction under this section
2312		-	for a homestead for a particular assessment date if:
2313		-	(1) either:
2314		-	(A) the individual's interest in the homestead as described in
2315		-	subsection (a)(2)(B) is conveyed to the individual after the
2316		-	SEA 1 — Concur 55
2317		-	assessment date, but within the calendar year in which the
2318		-	assessment date occurs; or
2319		-	(B) the individual contracts to purchase the homestead after
2320		-	the assessment date, but within the calendar year in which the
2321		-	assessment date occurs;
2322		-	(2) on the assessment date:
2323		-	(A) the property on which the homestead is currently located
2324		-	was vacant land; or
2325		-	(B) the construction of the dwelling that constitutes the
2326		-	homestead was not completed; and
2327		-	(3) either:
2328		-	(A) the individual files the certified statement required by
2329		-	subsection (e); or
2330		-	(B) a sales disclosure form that meets the requirements of
2331		-	section 44 of this chapter is submitted to the county assessor
2332		-	on or before December 31 of the calendar year for the
2333		-	individual's purchase of the homestead.
2334		-	An individual who satisfies the requirements of subdivisions (1)
2335		-	through (3) is entitled to the deduction under this section for the
2336		-	homestead for the assessment date, even if on the assessment date the
2337		-	property on which the homestead is currently located was vacant land
2338		-	or the construction of the dwelling that constitutes the homestead was
2339		-	not completed. The county auditor shall apply the deduction for the
2340		-	assessment date and for the assessment date in any later year in which
2341		-	the homestead remains eligible for the deduction. A homestead that
2342		-	qualifies for the deduction under this section as provided in this
2343		-	subsection is considered a homestead for purposes of section 37.5 of
2344		-	this chapter and IC 6-1.1-20.6.
2345		-	(n) (o) This subsection applies to an application for the deduction
2346		-	provided by this section that is filed for an assessment date occurring
2347		-	after December 31, 2013. Notwithstanding any other provision of this
2348		-	section, an individual buying a mobile home that is not assessed as real
2349		-	property or a manufactured home that is not assessed as real property
2350		-	under a contract providing that the individual is to pay the property
2351		-	taxes on the mobile home or manufactured home is not entitled to the
2352		-	deduction provided by this section unless the parties to the contract
2353		-	comply with IC 9-17-6-17.
2354		-	(o) (p) This subsection:
2355		-	(1) applies to an application for the deduction provided by this
2356		-	section that is filed for an assessment date occurring after
2357		-	December 31, 2013; and
2358		-	(2) does not apply to an individual described in subsection (n).
2359		-	SEA 1 — Concur 56
2360		-	(o).
2361		-	The owner of a mobile home that is not assessed as real property or a
2362		-	manufactured home that is not assessed as real property must attach a
2363		-	copy of the owner's title to the mobile home or manufactured home to
2364		-	the application for the deduction provided by this section.
2365		-	(p) (q) For assessment dates after 2013, the term "homestead"
2366		-	includes property that is owned by an individual who:
2367		-	(1) is serving on active duty in any branch of the armed forces of
2368		-	the United States;
2369		-	(2) was ordered to transfer to a location outside Indiana; and
2370		-	(3) was otherwise eligible, without regard to this subsection, for
2371		-	the deduction under this section for the property for the
2372		-	assessment date immediately preceding the transfer date specified
2373		-	in the order described in subdivision (2).
2374		-	For property to qualify under this subsection for the deduction provided
2375		-	by this section, the individual described in subdivisions (1) through (3)
2376		-	must submit to the county auditor a copy of the individual's transfer
2377		-	orders or other information sufficient to show that the individual was
2378		-	ordered to transfer to a location outside Indiana. The property continues
2379		-	to qualify for the deduction provided by this section until the individual
2380		-	ceases to be on active duty, the property is sold, or the individual's
2381		-	ownership interest is otherwise terminated, whichever occurs first.
2382		-	Notwithstanding subsection (a)(2), the property remains a homestead
2383		-	regardless of whether the property continues to be the individual's
2384		-	principal place of residence after the individual transfers to a location
2385		-	outside Indiana. The property continues to qualify as a homestead
2386		-	under this subsection if the property is leased while the individual is
2387		-	away from Indiana and is serving on active duty, if the individual has
2388		-	lived at the property at any time during the past ten (10) years.
2389		-	Otherwise, the property ceases to qualify as a homestead under this
2390		-	subsection if the property is leased while the individual is away from
2391		-	Indiana. Property that qualifies as a homestead under this subsection
2392		-	shall also be construed as a homestead for purposes of section 37.5 of
2393		-	this chapter.
2394		-	(q) (r) As used in this section, "homestead" includes property that
2395		-	satisfies each of the following requirements:
2396		-	(1) The property is located in Indiana and consists of a dwelling
2397		-	and includes up to one (1) acre of land immediately surrounding
2398		-	that dwelling, and any of the following improvements:
2399		-	(A) Any number of decks, patios, gazebos, or pools.
2400		-	(B) One (1) additional building that is not part of the dwelling
2401		-	if the building is predominately used for a residential purpose
2402		-	SEA 1 — Concur 57
2403		-	and is not used as an investment property or as a rental
2404		-	property.
2405		-	(C) One (1) additional residential yard structure other than a
2406		-	deck, patio, gazebo, or pool.
2407		-	(2) The property is the principal place of residence of an
2408		-	individual.
2409		-	(3) The property is owned by an entity that is not described in
2410		-	subsection (a)(2)(B).
2411		-	(4) The individual residing on the property is a shareholder,
2412		-	partner, or member of the entity that owns the property.
2413		-	(5) The property was eligible for the standard deduction under
2414		-	this section on March 1, 2009.
2415		-	SECTION 45. IC 6-1.1-12-37.5, AS AMENDED BY P.L.239-2023,
2416		-	SECTION 2, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
2417		-	JANUARY 1, 2025 (RETROACTIVE)]: Sec. 37.5. (a) A person who
2418		-	is entitled to a standard deduction from the assessed value of property
2419		-	under section 37 of this chapter is also entitled to receive a
2420		-	supplemental deduction from the assessed value of the homestead to
2421		-	which the standard deduction applies after the application of the
2422		-	standard deduction but before the application of any other deduction,
2423		-	exemption, or credit for which the person is eligible.
2424		-	(b) This subsection applies to taxes first due and payable before
2425		-	January 1, 2026. The amount of the deduction under this section is
2426		-	equal to the sum of the following:
2427		-	(1) For property taxes first due and payable:
2428		-	(A) before January 1, 2024, thirty-five percent (35%);
2429		-	(B) in 2024, forty percent (40%); and
2430		-	(C) in 2025, thirty-seven and five-tenths percent (37.5%); and
2431		-	(D) after December 31, 2025, thirty-five percent (35%);
2432		-	of the assessed value determined under subsection (a) that is not
2433		-	more than six hundred thousand dollars ($600,000).
2434		-	(2) For property taxes first due and payable:
2435		-	(A) before January 1, 2024, twenty-five percent (25%);
2436		-	(B) in 2024, thirty percent (30%); and
2437		-	(C) in 2025, twenty-seven and five-tenths percent (27.5%);
2438		-	and
2439		-	(D) after December 31, 2025, twenty-five percent (25%);
2440		-	of the assessed value determined under subsection (a) that is more
2441		-	than six hundred thousand dollars ($600,000).
2442		-	(c) This subsection applies to taxes first due and payable after
2443		-	December 31, 2025. The amount of the deduction under this section
2444		-	is equal to:
2445		-	SEA 1 — Concur 58
2446		-	(1) the assessed value of property reduced by the deduction
2447		-	amount under section 37 of this chapter for the property for
2448		-	the particular tax year; multiplied by
2449		-	(2) the following:
2450		-	(A) Forty percent (40%) for taxes first due and payable in
2451		-	2026.
2452		-	(B) Forty-six percent (46%) for taxes first due and payable
2453		-	in 2027.
2454		-	(C) Fifty-two percent (52%) for taxes first due and payable
2455		-	in 2028.
2456		-	(D) Fifty-seven percent (57%) for taxes first due and
2457		-	payable in 2029.
2458		-	(E) Sixty-two percent (62%) for taxes first due and payable
2459		-	in 2030.
2460		-	(F) Sixty-six and seven-tenths percent (66.7%) for taxes
2461		-	first due and payable in 2031, and each year thereafter.
2462		-	However, the amount of the deduction under this section may not
2463		-	exceed the amount equal to seventy-five percent (75%) of the gross
2464		-	assessed value of the property.
2465		-	(c) (d) The auditor of the county shall record and make the
2466		-	deduction for the person qualifying for the deduction.
2467		-	(d) (e) The deduction granted under this section shall not be
2468		-	considered in applying section 40.5 of this chapter to the deductions
2469		-	applicable to property. Section 40.5 of this chapter does not apply to
2470		-	the deduction granted under this section.
2471		-	SECTION 46. IC 6-1.1-12-38, AS AMENDED BY P.L.136-2024,
2472		-	SECTION 15, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
2473		-	JANUARY 1, 2025 (RETROACTIVE)]: Sec. 38. (a) A person is
2474		-	entitled to a deduction from the assessed value of the person's property
2475		-	in an amount equal to the difference between:
2476		-	(1) the assessed value of the person's property, including the
2477		-	assessed value of the improvements made to comply with the
2478		-	fertilizer storage rules adopted by the state chemist under
2479		-	IC 15-16-2-44 and the pesticide storage rules adopted by the state
2480		-	chemist under IC 15-16-4-52; minus
2481		-	(2) the assessed value of the person's property, excluding the
2482		-	assessed value of the improvements made to comply with the
2483		-	fertilizer storage rules adopted by the state chemist under
2484		-	IC 15-16-2-44 and the pesticide storage rules adopted by the state
2485		-	chemist under IC 15-16-4-52.
2486		-	(b) To obtain the deduction under this section, a person must file a
2487		-	certified statement in duplicate, on forms prescribed by the department
2488		-	SEA 1 — Concur 59
2489		-	of local government finance, with the auditor of the county in which the
2490		-	property is subject to assessment. In addition to the certified statement,
2491		-	the person must file a certification by the state chemist listing the
2492		-	improvements that were made to comply with the fertilizer storage
2493		-	rules adopted under IC 15-16-2-44 and the pesticide storage rules
2494		-	adopted by the state chemist under IC 15-16-4-52. Subject to section
2495		-	45 of this chapter, the statement must be completed, dated, and filed
2496		-	with the county auditor on or before January 15 of the immediately
2497		-	succeeding calendar year. Upon the verification of the statement and
2498		-	certification by the assessor of the township in which the property is
2499		-	subject to assessment, or the county assessor if there is no township
2500		-	assessor for the township, the county auditor shall allow the deduction.
2501		-	(c) The deduction provided by this section applies only if the
2502		-	person:
2503		-	(1) owns the property; or
2504		-	(2) is buying the property under contract;
2505		-	on the assessment date for which the deduction applies.
2506		-	(d) This section applies only to property taxes imposed for an
2507		-	assessment date before January 1, 2025.
2508		-	(e) This section expires January 1, 2027.
2509		-	SECTION 47. IC 6-1.1-12-40 IS AMENDED TO READ AS
2510		-	FOLLOWS [EFFECTIVE JANUARY 1, 2025 (RETROACTIVE)]:
2511		-	Sec. 40. (a) This section applies only to real property that is located in
2512		-	an enterprise zone established in a county containing a consolidated
2513		-	city.
2514		-	(b) The owner of real property described in subsection (a) is entitled
2515		-	to a deduction under this section if:
2516		-	(1) an obsolescence depreciation adjustment for either functional
2517		-	obsolescence or economic obsolescence was allowed for the
2518		-	property for property taxes assessed in the year preceding the year
2519		-	in which the owner purchased the property;
2520		-	(2) the property owner submits an application requesting the
2521		-	deduction to the fiscal body of the county in which the property
2522		-	is located; and
2523		-	(3) the fiscal body of the county approves the deduction.
2524		-	(c) If a county fiscal body approves a deduction under this section,
2525		-	it must notify the county auditor of the approval of the deduction.
2526		-	(d) A deduction may be claimed under this section for not more than
2527		-	four (4) years. The amount of the deduction under this section equals:
2528		-	(1) the amount of the obsolescence depreciation adjustment for
2529		-	either functional obsolescence or economic obsolescence that was
2530		-	allowed for the property for property taxes assessed in the year
2531		-	SEA 1 — Concur 60
2532		-	preceding the year in which the owner purchased the property;
2533		-	multiplied by
2534		-	(2) the following percentages:
2535		-	(A) One hundred percent (100%), for property taxes assessed
2536		-	in the year in which the owner purchased the property.
2537		-	(B) Seventy-five percent (75%), for property taxes assessed in
2538		-	the year after the year in which the owner purchased the
2539		-	property.
2540		-	(C) Fifty percent (50%), for property taxes assessed in the
2541		-	second year after the year in which the owner purchased the
2542		-	property.
2543		-	(D) Twenty-five percent (25%), for property taxes assessed in
2544		-	the third year after the year in which the owner purchased the
2545		-	property.
2546		-	(e) This section applies only to property taxes imposed for an
2547		-	assessment date before January 1, 2025.
2548		-	(f) This section expires January 1, 2027.
2549		-	SECTION 48. IC 6-1.1-12-42, AS AMENDED BY P.L.146-2008,
2550		-	SECTION 119, IS AMENDED TO READ AS FOLLOWS
2551		-	[EFFECTIVE JANUARY 1, 2025 (RETROACTIVE)]: Sec. 42. (a) As
2552		-	used in this section, "assessed value of inventory" means the assessed
2553		-	value determined after the application of any deductions or adjustments
2554		-	that apply by statute or rule to the assessment of inventory, other than
2555		-	the deduction established in subsection (c).
2556		-	(b) As used in this section, "inventory" has the meaning set forth in
2557		-	IC 6-1.1-3-11 (repealed).
2558		-	(c) A taxpayer is entitled to a deduction from assessed value equal
2559		-	to one hundred percent (100%) of the taxpayer's assessed value of
2560		-	inventory for assessments made in 2006 for property taxes first due and
2561		-	payable in 2007.
2562		-	(d) A taxpayer is not required to file an application to qualify for the
2563		-	deduction established by this section.
2564		-	(e) The department of local government finance shall incorporate
2565		-	the deduction established by this section in the personal property return
2566		-	form to be used each year for filing under IC 6-1.1-3-7 or
2567		-	IC 6-1.1-3-7.5 to permit the taxpayer to enter the deduction on the
2568		-	form. If a taxpayer fails to enter the deduction on the form, the
2569		-	township assessor, or the county assessor if there is no township
2570		-	assessor for the township, shall:
2571		-	(1) determine the amount of the deduction; and
2572		-	(2) within the period established in IC 6-1.1-16-1, issue a notice
2573		-	of assessment to the taxpayer that reflects the application of the
2574		-	SEA 1 — Concur 61
2575		-	deduction to the inventory assessment.
2576		-	(f) The deduction established by this section must be applied to any
2577		-	inventory assessment made by:
2578		-	(1) an assessing official;
2579		-	(2) a county property tax assessment board of appeals; or
2580		-	(3) the department of local government finance.
2581		-	(g) This section applies only to property taxes imposed for an
2582		-	assessment date before January 1, 2025.
2583		-	(h) This section expires January 1, 2027.
2584		-	SECTION 49. IC 6-1.1-12-43, AS AMENDED BY P.L.174-2022,
2585		-	SECTION 23, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
2586		-	JANUARY 1, 2025 (RETROACTIVE)]: Sec. 43. (a) For purposes of
2587		-	this section:
2588		-	(1) "benefit" refers to a deduction under section 9 (before its
2589		-	expiration), 11 (before its expiration), 13 (before its
2590		-	expiration), 14 (before its expiration), 16 (before its
2591		-	expiration), 17.4 (before its expiration), 26 (before its
2592		-	expiration), 29 (before its expiration), 33 (before its
2593		-	expiration), 34 (before its expiration), 37, or 37.5 of this
2594		-	chapter;
2595		-	(2) "closing agent" means a person that closes a transaction;
2596		-	(3) "customer" means an individual who obtains a loan in a
2597		-	transaction; and
2598		-	(4) "transaction" means a single family residential:
2599		-	(A) first lien purchase money mortgage transaction; or
2600		-	(B) refinancing transaction.
2601		-	(b) Before closing a transaction after December 31, 2004, a closing
2602		-	agent must provide to the customer the form referred to in subsection
2603		-	(c).
2604		-	(c) Before June 1, 2004, the department of local government finance
2605		-	shall prescribe the form to be provided by closing agents to customers
2606		-	under subsection (b). The department shall make the form available to
2607		-	closing agents, county assessors, county auditors, and county treasurers
2608		-	in hard copy and electronic form. County assessors, county auditors,
2609		-	and county treasurers shall make the form available to the general
2610		-	public. The form must:
2611		-	(1) on one (1) side:
2612		-	(A) list each benefit; and
2613		-	(B) list the eligibility criteria for each benefit;
2614		-	(2) on the other side indicate:
2615		-	(A) each action by and each type of documentation from the
2616		-	customer required to file for each benefit; and
2617		-	SEA 1 — Concur 62
2618		-	(B) sufficient instructions and information to permit a party to
2619		-	terminate a standard deduction under section 37 of this chapter
2620		-	on any property on which the party or the spouse of the party
2621		-	will no longer be eligible for the standard deduction under
2622		-	section 37 of this chapter after the party or the party's spouse
2623		-	begins to reside at the property that is the subject of the
2624		-	closing, including an explanation of the tax consequences and
2625		-	applicable penalties, if a party unlawfully claims a standard
2626		-	deduction under section 37 of this chapter; and
2627		-	(3) be printed in one (1) of two (2) or more colors prescribed by
2628		-	the department of local government finance that distinguish the
2629		-	form from other documents typically used in a closing referred to
2630		-	in subsection (b).
2631		-	(d) A closing agent:
2632		-	(1) may reproduce the form referred to in subsection (c);
2633		-	(2) in reproducing the form, must use a print color prescribed by
2634		-	the department of local government finance; and
2635		-	(3) is not responsible for the content of the form referred to in
2636		-	subsection (c) and shall be held harmless by the department of
2637		-	local government finance from any liability for the content of the
2638		-	form.
2639		-	(e) This subsection applies to a transaction that is closed after
2640		-	December 31, 2009. In addition to providing the customer the form
2641		-	described in subsection (c) before closing the transaction, a closing
2642		-	agent shall do the following as soon as possible after the closing, and
2643		-	within the time prescribed by the department of insurance under
2644		-	IC 27-7-3-15.5:
2645		-	(1) To the extent determinable, input the information described in
2646		-	IC 27-7-3-15.5(c)(2) into the system maintained by the
2647		-	department of insurance under IC 27-7-3-15.5.
2648		-	(2) Submit the form described in IC 27-7-3-15.5(c) to the data
2649		-	base described in IC 27-7-3-15.5(c)(2)(D).
2650		-	(f) A closing agent to which this section applies shall document the
2651		-	closing agent's compliance with this section with respect to each
2652		-	transaction in the form of verification of compliance signed by the
2653		-	customer.
2654		-	(g) Subject to IC 27-7-3-15.5(d), a closing agent is subject to a civil
2655		-	penalty of twenty-five dollars ($25) for each instance in which the
2656		-	closing agent fails to comply with this section with respect to a
2657		-	customer. The penalty:
2658		-	(1) may be enforced by the state agency that has administrative
2659		-	jurisdiction over the closing agent in the same manner that the
2660		-	SEA 1 — Concur 63
2661		-	agency enforces the payment of fees or other penalties payable to
2662		-	the agency; and
2663		-	(2) shall be paid into:
2664		-	(A) the state general fund, if the closing agent fails to comply
2665		-	with subsection (b); or
2666		-	(B) the home ownership education account established by
2667		-	IC 5-20-1-27, if the closing agent fails to comply with
2668		-	subsection (e) in a transaction that is closed after December
2669		-	31, 2009.
2670		-	(h) A closing agent is not liable for any other damages claimed by
2671		-	a customer because of:
2672		-	(1) the closing agent's mere failure to provide the appropriate
2673		-	document to the customer under subsection (b); or
2674		-	(2) with respect to a transaction that is closed after December 31,
2675		-	2009, the closing agent's failure to input the information or submit
2676		-	the form described in subsection (e).
2677		-	(i) The state agency that has administrative jurisdiction over a
2678		-	closing agent shall:
2679		-	(1) examine the closing agent to determine compliance with this
2680		-	section; and
2681		-	(2) impose and collect penalties under subsection (g).
2682		-	SECTION 50. IC 6-1.1-12-44, AS AMENDED BY P.L.136-2024,
2683		-	SECTION 16, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
2684		-	JANUARY 1, 2025 (RETROACTIVE)]: Sec. 44. (a) A sales disclosure
2685		-	form under IC 6-1.1-5.5:
2686		-	(1) that is submitted:
2687		-	(A) as a paper form; or
2688		-	(B) electronically;
2689		-	on or before January 15 of a calendar year in which property taxes
2690		-	are first due and payable to the county assessor by or on behalf of
2691		-	the purchaser of a homestead (as defined in section 37 of this
2692		-	chapter) assessed as real property;
2693		-	(2) that is accurate and complete;
2694		-	(3) that is approved by the county assessor as eligible for filing
2695		-	with the county auditor; and
2696		-	(4) that is filed:
2697		-	(A) as a paper form; or
2698		-	(B) electronically;
2699		-	with the county auditor by or on behalf of the purchaser;
2700		-	constitutes an application for the deductions provided by sections 26
2701		-	(before its expiration), 29 (before its expiration), 33 (before its
2702		-	expiration), 34 (before its expiration), and 37 of this chapter with
2703		-	SEA 1 — Concur 64
2704		-	respect to property taxes first due and payable in the calendar year
2705		-	referred to in subdivision (1). The county auditor may not deny an
2706		-	application for the deductions provided by section 37 of this chapter
2707		-	because the applicant does not have a valid driver's license or state
2708		-	identification card with the address of the homestead property.
2709		-	(b) Except as provided in subsection (c), if:
2710		-	(1) the county auditor receives in a calendar year a sales
2711		-	disclosure form that meets the requirements of subsection (a); and
2712		-	(2) the homestead for which the sales disclosure form is submitted
2713		-	is otherwise eligible for a deduction referred to in subsection (a);
2714		-	the county auditor shall apply the deduction to the homestead for
2715		-	property taxes first due and payable in the calendar year for which the
2716		-	homestead qualifies under subsection (a) and in any later year in which
2717		-	the homestead remains eligible for the deduction.
2718		-	(c) Subsection (b) does not apply if the county auditor, after
2719		-	receiving a sales disclosure form from or on behalf of a purchaser
2720		-	under subsection (a)(4), determines that the homestead is ineligible for
2721		-	the deduction.
2722		-	SECTION 51. IC 6-1.1-12-46, AS AMENDED BY P.L.174-2022,
2723		-	SECTION 25, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
2724		-	JANUARY 1, 2025 (RETROACTIVE)]: Sec. 46. (a) This section
2725		-	applies to real property for an assessment date in 2011 or a later year
2726		-	if:
2727		-	(1) the real property is not exempt from property taxation for the
2728		-	assessment date;
2729		-	(2) title to the real property is transferred after the assessment date
2730		-	and on or before the December 31 that next succeeds the
2731		-	assessment date;
2732		-	(3) the transferee of the real property applies for an exemption
2733		-	under IC 6-1.1-11 for the next succeeding assessment date; and
2734		-	(4) the county property tax assessment board of appeals
2735		-	determines that the real property is exempt from property taxation
2736		-	for that next succeeding assessment date.
2737		-	(b) For the assessment date referred to in subsection (a)(1), real
2738		-	property is eligible for any deductions for which the transferor under
2739		-	subsection (a)(2) was eligible for that assessment date under the
2740		-	following:
2741		-	(1) IC 6-1.1-12-1 (before its repeal).
2742		-	(2) IC 6-1.1-12-9 (before its expiration).
2743		-	(3) IC 6-1.1-12-11 (before its expiration).
2744		-	(4) IC 6-1.1-12-13 (before its expiration).
2745		-	(5) IC 6-1.1-12-14 (before its expiration).
2746		-	SEA 1 — Concur 65
2747		-	(6) IC 6-1.1-12-16 (before its expiration).
2748		-	(7) IC 6-1.1-12-17.4 (before its expiration).
2749		-	(8) IC 6-1.1-12-18 (before its expiration).
2750		-	(9) IC 6-1.1-12-22 (before its expiration).
2751		-	(10) IC 6-1.1-12-37.
2752		-	(11) IC 6-1.1-12-37.5.
2753		-	(c) For the payment date applicable to the assessment date referred
2754		-	to in subsection (a)(1), real property is eligible for the credit for
2755		-	excessive residential property taxes under IC 6-1.1-20.6 for which the
2756		-	transferor under subsection (a)(2) would be eligible for that payment
2757		-	date if the transfer had not occurred.
2758		-	SECTION 52. IC 6-1.1-12-47 IS ADDED TO THE INDIANA
2759		-	CODE AS A NEW SECTION TO READ AS FOLLOWS
2760		-	[EFFECTIVE JANUARY 1, 2025 (RETROACTIVE)]: Sec. 47. (a)
2761		-	This section applies to assessment dates beginning after December
2762		-	31, 2024.
2763		-	(b) As used in the section, "eligible property" means all
2764		-	property that is subject to the credit for excessive property taxes
2765		-	under IC 6-1.1-20.6-7.5(a)(2) through IC 6-1.1-20.6-7.5(a)(4).
2766		-	(c) A taxpayer is entitled to a deduction from the assessed value
2767		-	of the taxpayer's eligible property after the application of any
2768		-	other deductions that apply under this article equal to:
2769		-	(1) six percent (6%) of the taxpayer's assessed value for
2770		-	assessments made in 2025 for property taxes first due and
2771		-	payable in 2026;
2772		-	(2) twelve percent (12%) of the taxpayer's assessed value for
2773		-	assessments made in 2026 for property taxes first due and
2774		-	payable in 2027;
2775		-	(3) nineteen percent (19%) of the taxpayer's assessed value
2776		-	for assessments made in 2027 for property taxes first due and
2777		-	payable in 2028;
2778		-	(4) twenty-five percent (25%) of the taxpayer's assessed value
2779		-	for assessments made in 2028 for property taxes first due and
2780		-	payable in 2029;
2781		-	(5) thirty percent (30%) of the taxpayer's assessed value for
2782		-	assessments made in 2029 for property taxes first due and
2783		-	payable in 2030; and
2784		-	(6) thirty-three and four-tenths percent (33.4%) of the
2785		-	taxpayer's assessed value for assessments made in 2030 for
2786		-	property taxes first due and payable in 2031, and for
2787		-	assessments made in each taxable year thereafter.
2788		-	(d) A taxpayer is not required to file an application to qualify
2789		-	SEA 1 — Concur 66
2790		-	for the deduction established by this section. A county auditor shall
2791		-	apply the deduction to eligible property in the county as set forth
2792		-	in this section.
2793		-	(e) Application of the phased in deduction under this section for
2794		-	assessment dates after December 31, 2024, with regard to mobile
2795		-	homes that are not assessed as real property and manufactured
2796		-	homes not assessed as real property shall be construed and applied
2797		-	in the same manner in terms of timing and consistent with its
2798		-	application for real property.
2799		-	SECTION 53. IC 6-1.1-12.1-4.5, AS AMENDED BY P.L.8-2022,
2800		-	SECTION 5, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
2801		-	JANUARY 1, 2025 (RETROACTIVE)]: Sec. 4.5. (a) An applicant
2802		-	must provide a statement of benefits to the designating body. The
2803		-	applicant must provide the completed statement of benefits form to the
2804		-	designating body before the hearing specified in section 2.5(c) of this
2805		-	chapter or before the installation of the new manufacturing equipment,
2806		-	new farm equipment, new research and development equipment, new
2807		-	logistical distribution equipment, or new information technology
2808		-	equipment for which the person desires to claim a deduction under this
2809		-	chapter. The department of local government finance shall prescribe a
2810		-	form for the statement of benefits. The statement of benefits must
2811		-	include the following information:
2812		-	(1) A description of the new manufacturing equipment, new farm
2813		-	equipment, new research and development equipment, new
2814		-	logistical distribution equipment, or new information technology
2815		-	equipment that the person proposes to acquire. A statement of
2816		-	benefits for new farm equipment must describe each piece of new
2817		-	farm equipment with sufficient detail to afford identification.
2818		-	(2) With respect to:
2819		-	(A) new manufacturing equipment not used to dispose of solid
2820		-	waste or hazardous waste by converting the solid waste or
2821		-	hazardous waste into energy or other useful products; and
2822		-	(B) new farm equipment, new research and development
2823		-	equipment, new logistical distribution equipment, or new
2824		-	information technology equipment;
2825		-	an estimate of the number of individuals who will be employed or
2826		-	whose employment will be retained by the person as a result of
2827		-	the installation of the new manufacturing equipment, new farm
2828		-	equipment, new research and development equipment, new
2829		-	logistical distribution equipment, or new information technology
2830		-	equipment and an estimate of the annual salaries of these
2831		-	individuals.
2832		-	SEA 1 — Concur 67
2833		-	(3) An estimate of the cost of the new manufacturing equipment,
2834		-	new farm equipment, new research and development equipment,
2835		-	new logistical distribution equipment, or new information
2836		-	technology equipment.
2837		-	(4) With respect to new manufacturing equipment used to dispose
2838		-	of solid waste or hazardous waste by converting the solid waste
2839		-	or hazardous waste into energy or other useful products, an
2840		-	estimate of the amount of solid waste or hazardous waste that will
2841		-	be converted into energy or other useful products by the new
2842		-	manufacturing equipment.
2843		-	The statement of benefits may be incorporated in a designation
2844		-	application. Notwithstanding any other law, a statement of benefits is
2845		-	a public record that may be inspected and copied under IC 5-14-3-3.
2846		-	(b) The designating body must review the statement of benefits
2847		-	required under subsection (a). The designating body shall determine
2848		-	whether an area should be designated an economic revitalization area
2849		-	or whether the deduction shall be allowed, based on (and after it has
2850		-	made) the following findings:
2851		-	(1) Whether the estimate of the cost of the new manufacturing
2852		-	equipment, new farm equipment, new research and development
2853		-	equipment, new logistical distribution equipment, or new
2854		-	information technology equipment is reasonable for equipment of
2855		-	that type.
2856		-	(2) With respect to:
2857		-	(A) new manufacturing equipment not used to dispose of solid
2858		-	waste or hazardous waste by converting the solid waste or
2859		-	hazardous waste into energy or other useful products; and
2860		-	(B) new farm equipment, new research and development
2861		-	equipment, new logistical distribution equipment, or new
2862		-	information technology equipment;
2863		-	whether the estimate of the number of individuals who will be
2864		-	employed or whose employment will be retained can be
2865		-	reasonably expected to result from the installation of the new
2866		-	manufacturing equipment, new farm equipment, new research and
2867		-	development equipment, new logistical distribution equipment, or
2868		-	new information technology equipment.
2869		-	(3) Whether the estimate of the annual salaries of those
2870		-	individuals who will be employed or whose employment will be
2871		-	retained can be reasonably expected to result from the proposed
2872		-	installation of new manufacturing equipment, new farm
2873		-	equipment, new research and development equipment, new
2874		-	logistical distribution equipment, or new information technology
2875		-	SEA 1 — Concur 68
2876		-	equipment.
2877		-	(4) With respect to new manufacturing equipment used to dispose
2878		-	of solid waste or hazardous waste by converting the solid waste
2879		-	or hazardous waste into energy or other useful products, whether
2880		-	the estimate of the amount of solid waste or hazardous waste that
2881		-	will be converted into energy or other useful products can be
2882		-	reasonably expected to result from the installation of the new
2883		-	manufacturing equipment.
2884		-	(5) Whether any other benefits about which information was
2885		-	requested are benefits that can be reasonably expected to result
2886		-	from the proposed installation of new manufacturing equipment,
2887		-	new farm equipment, new research and development equipment,
2888		-	new logistical distribution equipment, or new information
2889		-	technology equipment.
2890		-	(6) Whether the totality of benefits is sufficient to justify the
2891		-	deduction.
2892		-	The designating body may not designate an area an economic
2893		-	revitalization area or approve the deduction unless it makes the
2894		-	findings required by this subsection in the affirmative.
2895		-	(c) Except as provided in subsection (f), and subject to subsection
2896		-	(g) and section 15 of this chapter, an owner of new manufacturing
2897		-	equipment, new farm equipment, new research and development
2898		-	equipment, new logistical distribution equipment, or new information
2899		-	technology equipment whose statement of benefits is approved is
2900		-	entitled to a deduction from the assessed value of that equipment for
2901		-	the number of years determined by the designating body under section
2902		-	17 or 18 of this chapter. Except as provided in subsection (d) and in
2903		-	section 2(i)(3) of this chapter, and subject to subsection (g) and section
2904		-	15 of this chapter, the amount of the deduction that an owner is entitled
2905		-	to for a particular year equals the product of:
2906		-	(1) the assessed value of the new manufacturing equipment, new
2907		-	farm equipment, new research and development equipment, new
2908		-	logistical distribution equipment, or new information technology
2909		-	equipment in the year of deduction under the abatement schedule
2910		-	established under section 17 or 18 of this chapter; multiplied by
2911		-	(2) the percentage prescribed by the designating body under
2912		-	section 17 or 18 of this chapter.
2913		-	(d) With respect to new manufacturing equipment and new research
2914		-	and development equipment installed before March 2, 2001, the
2915		-	deduction under this section is the amount that causes the net assessed
2916		-	value of the property after the application of the deduction under this
2917		-	section to equal the net assessed value after the application of the
2918		-	SEA 1 — Concur 69
2919		-	deduction under this section that results from computing:
2920		-	(1) the deduction under this section as in effect on March 1, 2001;
2921		-	and
2922		-	(2) the assessed value of the property under 50 IAC 4.2, as in
2923		-	effect on March 1, 2001, or, in the case of property subject to
2924		-	IC 6-1.1-8, 50 IAC 5.1, as in effect on March 1, 2001.
2925		-	(e) The designating body shall determine the number of years the
2926		-	deduction is allowed under section 17 or 18 of this chapter. Except as
2927		-	provided by section 18 of this chapter, the deduction may not be
2928		-	allowed for more than ten (10) years. This determination shall be made:
2929		-	(1) as part of the resolution adopted under section 2.5 of this
2930		-	chapter; or
2931		-	(2) by resolution adopted within sixty (60) days after receiving a
2932		-	copy of a property owner's certified deduction application from
2933		-	the county auditor. A certified copy of the resolution shall be sent
2934		-	to the county auditor.
2935		-	A determination about the number of years the deduction is allowed
2936		-	that is made under subdivision (1) is final and may not be changed by
2937		-	following the procedure under subdivision (2).
2938		-	(f) The owner of new manufacturing equipment that is directly used
2939		-	to dispose of hazardous waste is not entitled to the deduction provided
2940		-	by this section for a particular assessment year if during that
2941		-	assessment year the owner:
2942		-	(1) is convicted of a criminal violation under IC 13, including
2943		-	IC 13-7-13-3 (repealed) or IC 13-7-13-4 (repealed); or
2944		-	(2) is subject to an order or a consent decree with respect to
2945		-	property located in Indiana based on a violation of a federal or
2946		-	state rule, regulation, or statute governing the treatment, storage,
2947		-	or disposal of hazardous wastes that had a major or moderate
2948		-	potential for harm.
2949		-	(g) For purposes of subsection (c), the assessed value of new
2950		-	manufacturing equipment, new farm equipment, new research and
2951		-	development equipment, new logistical distribution equipment, or new
2952		-	information technology equipment that is part of an owner's assessable
2953		-	depreciable personal property in a single taxing district subject to the
2954		-	valuation limitation in 50 IAC 4.2-4-9 IC 6-1.1-3-29 or 50 IAC 5.1-6-9
2955		-	IC 6-1.1-8-45 is the product of:
2956		-	(1) the assessed value of the equipment determined without
2957		-	regard to the valuation limitation in 50 IAC 4.2-4-9 IC 6-1.1-3-29
2958		-	or 50 IAC 5.1-6-9; IC 6-1.1-8-45; multiplied by
2959		-	(2) the quotient of:
2960		-	(A) the amount of the valuation limitation determined under
2961		-	SEA 1 — Concur 70
2962		-	50 IAC 4.2-4-9 IC 6-1.1-3-29 or 50 IAC 5.1-6-9 IC 6-1.1-8-45
2963		-	for all of the owner's depreciable personal property in the
2964		-	taxing district; divided by
2965		-	(B) the total true tax value of all of the owner's depreciable
2966		-	personal property in the taxing district that is subject to the
2967		-	valuation limitation in 50 IAC 4.2-4-9 IC 6-1.1-3-29 or 50
2968		-	IAC 5.1-6-9 IC 6-1.1-8-45 determined:
2969		-	(i) under the depreciation schedules in the rules of the
2970		-	department of local government finance before any
2971		-	adjustment for abnormal obsolescence; and
2972		-	(ii) without regard to the valuation limitation in 50
2973		-	IAC 4.2-4-9 IC 6-1.1-3-29 or 50 IAC 5.1-6-9.
2974		-	IC 6-1.1-8-45.
2975		-	SECTION 54. IC 6-1.1-12.1-6, AS AMENDED BY P.L.181-2016,
2976		-	SECTION 12, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
2977		-	JANUARY 1, 2025 (RETROACTIVE)]: Sec. 6. (a) A property owner
2978		-	may not receive a deduction under this chapter for repairs or
2979		-	improvements to real property if the property owner receives a
2980		-	deduction under either IC 6-1.1-12-18 (before its expiration) or
2981		-	IC 6-1.1-12-22 (before its expiration) for those same repairs or
2982		-	improvements. This subsection expires January 1, 2033.
2983		-	(b) A property owner may not receive a deduction under this chapter
2984		-	if the property owner receives a deduction under IC 6-1.1-12-28.5
2985		-	(before its expiration) for the same property.
2986		-	SECTION 55. IC 6-1.1-17-3, AS AMENDED BY P.L.220-2021,
2987		-	SECTION 2, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
2988		-	JULY 1, 2025]: Sec. 3. (a) The proper officers of a political subdivision
2989		-	shall formulate its estimated budget and its proposed tax rate and tax
2990		-	levy on the form prescribed by the department of local government
2991		-	finance and approved by the state board of accounts. In formulating a
2992		-	political subdivision's estimated budget under this section, the proper
2993		-	officers of the political subdivision must consider the net property tax
2994		-	revenue that will be collected by the political subdivision during the
2995		-	ensuing year, after taking into account the estimate by the department
2996		-	of local government finance under IC 6-1.1-20.6-11.1 of the amount by
2997		-	which the political subdivision's distribution of property taxes will be
2998		-	reduced by credits under IC 6-1.1-20.6-9.5 in the ensuing year, after
2999		-	taking into account the estimate by the department of local government
3000		-	finance under section 0.7 of this chapter of the maximum amount of net
3001		-	property tax revenue and miscellaneous revenue that the political
3002		-	subdivision will receive in the ensuing year, and after taking into
3003		-	account all payments for debt service obligations that are to be made
3004		-	SEA 1 — Concur 71
3005		-	by the political subdivision during the ensuing year. The political
3006		-	subdivision or appropriate fiscal body, if the political subdivision is
3007		-	subject to section 20 of this chapter, shall submit the following
3008		-	information to the department's computer gateway:
3009		-	(1) The estimated budget.
3010		-	(2) The estimated maximum permissible levy, as provided by the
3011		-	department under IC 6-1.1-18.5-24.
3012		-	(3) The current and proposed tax levies of each fund.
3013		-	(4) The percentage change between the current and proposed tax
3014		-	levies of each fund.
3015		-	(5) The amount by which the political subdivision's distribution
3016		-	of property taxes may be reduced by credits granted under
3017		-	IC 6-1.1-20.6, as estimated by the department of local government
3018		-	finance under IC 6-1.1-20.6-11.1.
3019		-	(6) The amounts of excessive levy appeals to be requested.
3020		-	(7) The time and place at which the political subdivision or
3021		-	appropriate fiscal body will hold a public hearing on the items
3022		-	described in subdivisions (1) through (6).
3023		-	(8) The amount of any increase in the tax rate and tax levies
3024		-	of the political subdivision in an ordinance adopted under
3025		-	section 23 of this chapter.
3026		-	(8) (9) The time and place at which the political subdivision or
3027		-	appropriate fiscal body will meet to fix the budget, tax rate, and
3028		-	levy under section 5 of this chapter.
3029		-	(9) (10) The date, time, and place of the final adoption of the
3030		-	budget, tax rate, and levy under section 5 of this chapter.
3031		-	Except as provided in section 5.6(b) of this chapter, the political
3032		-	subdivision or appropriate fiscal body shall submit this information to
3033		-	the department's computer gateway at least ten (10) days before the
3034		-	public hearing required by this subsection in the manner prescribed by
3035		-	the department. If the date, time, or place of the final adoption
3036		-	subsequently changes, the political subdivision shall update the
3037		-	information submitted to the department's computer gateway. The
3038		-	department shall make this information available to taxpayers, at least
3039		-	ten (10) days before the public hearing, through its computer gateway
3040		-	and provide a telephone number through which taxpayers may request
3041		-	mailed copies of a political subdivision's information under this
3042		-	subsection. The department's computer gateway must allow a taxpayer
3043		-	to search for the information under this subsection by the taxpayer's
3044		-	address. The department shall review only the submission to the
3045		-	department's computer gateway for compliance with this section.
3046		-	(b) The board of directors of a solid waste management district
3047		-	SEA 1 — Concur 72
3048		-	established under IC 13-21 or IC 13-9.5-2 (before its repeal) may
3049		-	conduct the public hearing required under subsection (a):
3050		-	(1) in any county of the solid waste management district; and
3051		-	(2) in accordance with the annual notice of meetings published
3052		-	under IC 13-21-5-2.
3053		-	(c) The trustee of each township in the county shall estimate the
3054		-	amount necessary to meet the cost of township assistance in the
3055		-	township for the ensuing calendar year. The township board shall,
3056		-	subject to section 23 of this chapter, adopt with the township budget
3057		-	a tax rate sufficient to meet the estimated cost of township assistance.
3058		-	The taxes collected as a result of the tax rate adopted under this
3059		-	subsection are credited to the township assistance fund.
3060		-	(d) A political subdivision for which any of the information under
3061		-	subsection (a) is not submitted to the department's computer gateway
3062		-	in the manner prescribed by the department shall have its most recent
3063		-	annual appropriations and annual tax levy continued for the ensuing
3064		-	budget year.
3065		-	(e) If a political subdivision or appropriate fiscal body timely
3066		-	submits the information under subsection (a) but subsequently
3067		-	discovers the information contains an error, the political subdivision or
3068		-	appropriate fiscal body may submit amended information to the
3069		-	department's computer gateway. However, submission of an
3070		-	amendment to information described in subsection (a)(1) through (a)(7)
3071		-	must occur at least ten (10) days before the public hearing held under
3072		-	subsection (a), and submission of an amendment to information
3073		-	described in subsection (a)(8) through (a)(9) must occur at least
3074		-	twenty-four (24) hours before the time in which the meeting to fix the
3075		-	budget, tax rate, and levy was originally advertised to commence.
3076		-	(f) Each year, the governing body of a school corporation that
3077		-	imposes property taxes to pay debt service on bonds or lease rentals on
3078		-	a lease for a controlled project under IC 6-1.1-20, property taxes under
3079		-	an operating referendum tax levy under IC 20-46-1, or property taxes
3080		-	under a school safety referendum tax levy under IC 20-46-9, shall
3081		-	submit the following information at least ten (10) days before the
3082		-	public hearing required by subsection (a) in the manner prescribed by
3083		-	the department:
3084		-	(1) the purposes specified in the public question submitted to the
3085		-	voters or any revenue spending plans adopted under
3086		-	IC 6-1.1-20-13, IC 20-46-1-8, or IC 20-46-9-6 for:
3087		-	(A) debt service on bonds or lease rentals on a lease for a
3088		-	controlled project under IC 6-1.1-20;
3089		-	(B) an operating referendum tax levy approved by the voters
3090		-	SEA 1 — Concur 73
3091		-	of the school corporation under IC 20-46-1; or
3092		-	(C) a school safety referendum tax levy approved by the voters
3093		-	of the school corporation under IC 20-46-9;
3094		-	as applicable; and
3095		-	(2) the debt service levy fund, operating referendum tax levy
3096		-	fund, or school safety referendum tax levy fund of the school
3097		-	corporation, whichever is applicable;
3098		-	to show whether the school corporation is using revenue collected from
3099		-	the referendum tax levy in the amounts and for the purposes
3100		-	established in the purposes specified in the public question submitted
3101		-	to the voters or the revenue spending plan, as applicable. The
3102		-	department shall make this information available to taxpayers at least
3103		-	ten (10) days before the public hearing.
3104		-	SECTION 56. IC 6-1.1-17-16, AS AMENDED BY P.L.9-2024,
3105		-	SECTION 169, IS AMENDED TO READ AS FOLLOWS
3106		-	[EFFECTIVE JULY 1, 2025]: Sec. 16. (a) The department of local
3107		-	government finance shall certify the tax rates and tax levies for all
3108		-	funds of political subdivisions subject to the department of local
3109		-	government finance's review.
3110		-	(b) For a fund of a political subdivision subject to levy limits under
3111		-	IC 6-1.1-18.5-3, the department of local government finance shall
3112		-	calculate and certify the allowable budget of the fund if the political
3113		-	subdivision adopts a tax levy that exceeds the estimated maximum levy
3114		-	limits as provided by the department of local government finance under
3115		-	IC 6-1.1-18.5-24.
3116		-	(c) For a fund of a political subdivision subject to levy limits under
3117		-	IC 6-1.1-18.5-3 and for which the political subdivision adopts a tax
3118		-	levy that is not more than the levy limits under IC 6-1.1-18.5-3, the
3119		-	department of local government finance shall review the fund to ensure
3120		-	the adopted budget is fundable based on the unit's adopted tax levy and
3121		-	estimates of available revenues. If the adopted budget is fundable, the
3122		-	department of local government finance shall use the adopted budget
3123		-	as the approved appropriation for the fund for the budget year. As
3124		-	needed, the political subdivision may complete the additional
3125		-	appropriation process through IC 6-1.1-18-5 for these funds during the
3126		-	budget year.
3127		-	(d) For a fund of the political subdivision subject to levy limits
3128		-	under IC 6-1.1-18.5-3 and for which the political subdivision adopts a
3129		-	tax levy that is not more than the levy limits under IC 6-1.1-18.5-3, if
3130		-	the department of local government finance has determined the adopted
3131		-	budget is not fundable based on the unit's adopted tax levy and
3132		-	estimates of available revenues, the department of local government
3133		-	SEA 1 — Concur 74
3134		-	finance shall calculate and certify the allowable budget that is fundable
3135		-	based on the adopted tax levy and the department's estimates of
3136		-	available revenues.
3137		-	(e) For all other funds of a political subdivision not described in
3138		-	subsections (b), (c), and (d), the department of local government
3139		-	finance shall certify a budget for the fund.
3140		-	(f) Except as provided in section 16.1 of this chapter, the department
3141		-	of local government finance is not required to hold a public hearing
3142		-	before the department of local government finance reviews, revises,
3143		-	reduces, or increases a political subdivision's budget by fund, tax rate,
3144		-	or tax levy under this section.
3145		-	(g) Except as provided in subsection (l), IC 20-46, or IC 6-1.1-18.5,
3146		-	the department of local government finance may not increase a political
3147		-	subdivision's budget by fund, tax rate, or tax levy to an amount which
3148		-	exceeds the amount originally fixed by the political subdivision.
3149		-	However, if the department of local government finance determines
3150		-	that IC 5-3-1-2.3(b) applies to the tax rate, tax levy, or budget of the
3151		-	political subdivision, the maximum amount by which the department
3152		-	may increase the tax rate, tax levy, or budget is the amount originally
3153		-	fixed by the political subdivision, and not the amount that was
3154		-	incorrectly published or omitted in the notice described in
3155		-	IC 5-3-1-2.3(b). The department of local government finance shall give
3156		-	the political subdivision notification electronically in the manner
3157		-	prescribed by the department of local government finance specifying
3158		-	any revision, reduction, or increase the department proposes in a
3159		-	political subdivision's tax levy or tax rate. The political subdivision has
3160		-	ten (10) calendar days from the date the political subdivision receives
3161		-	the notice to provide a response electronically in the manner prescribed
3162		-	by the department of local government finance. The response may
3163		-	include budget reductions, reallocation of levies, a revision in the
3164		-	amount of miscellaneous revenues, and further review of any other
3165		-	item about which, in the view of the political subdivision, the
3166		-	department is in error. The department of local government finance
3167		-	shall consider the adjustments as specified in the political subdivision's
3168		-	response if the response is provided as required by this subsection and
3169		-	shall deliver a final decision to the political subdivision. The
3170		-	department of local government finance may not consider any
3171		-	adjustments that are suggested by the political subdivision after the
3172		-	expiration of the ten (10) day period allowed for the political
3173		-	subdivision's response.
3174		-	(h) The department of local government finance may not approve a
3175		-	levy for lease payments by a city, town, county, library, or school
3176		-	SEA 1 — Concur 75
3177		-	corporation if the lease payments are payable to a building corporation
3178		-	for use by the building corporation for debt service on bonds and if:
3179		-	(1) no bonds of the building corporation are outstanding; or
3180		-	(2) the building corporation has enough legally available funds on
3181		-	hand to redeem all outstanding bonds payable from the particular
3182		-	lease rental levy requested.
3183		-	(i) The department of local government finance shall certify its
3184		-	action to:
3185		-	(1) the county auditor;
3186		-	(2) if the budget and levy of the political subdivision are being
3187		-	continued:
3188		-	(A) the state board of accounts;
3189		-	(B) the state comptroller; and
3190		-	(C) the department of state revenue;
3191		-	(3) the political subdivision if the department acts pursuant to an
3192		-	appeal initiated by the political subdivision; and
3193		-	(4) a taxpayer that owns property that represents at least ten
3194		-	percent (10%) of the taxable assessed valuation in the political
3195		-	subdivision.
3196		-	(j) The following may petition for judicial review of the final
3197		-	determination of the department of local government finance under
3198		-	subsection (i):
3199		-	(1) If the department acts under an appeal initiated by a political
3200		-	subdivision, the political subdivision.
3201		-	(2) A taxpayer that owns property that represents at least ten
3202		-	percent (10%) of the taxable assessed valuation in the political
3203		-	subdivision.
3204		-	The petition must be filed in the tax court not more than forty-five (45)
3205		-	days after the department certifies its action under subsection (i).
3206		-	(k) The department of local government finance is expressly
3207		-	directed to complete the duties assigned to it under this section as
3208		-	follows:
3209		-	(1) Not later than December 31 of the year preceding that budget
3210		-	year, unless subdivision (2) applies.
3211		-	(2) Not later than January 15 of the budget year if any of the
3212		-	following are true:
3213		-	(A) A taxing unit in a county intends to issue debt after
3214		-	December 1 in the year preceding the budget year and has
3215		-	indicated its intent to issue debt after December 1 in the year
3216		-	preceding the budget year as specified in section 5 of this
3217		-	chapter.
3218		-	(B) A taxing unit intends to file a shortfall appeal under
3219		-	SEA 1 — Concur 76
3220		-	IC 6-1.1-18.5-16 and has indicated its intent to file a shortfall
3221		-	appeal as specified in section 5 of this chapter.
3222		-	(C) The deadline for a city in the county to fix the budget, tax
3223		-	rate, and tax levy has been extended, in accordance with
3224		-	section 5.2 of this chapter, due to the executive's veto of the
3225		-	ordinance fixing the budget, tax rate, and tax levy.
3226		-	(l) Subject to the provisions of all applicable statutes, and
3227		-	notwithstanding IC 6-1.1-18-1, the department of local government
3228		-	finance shall, unless the department finds extenuating circumstances,
3229		-	increase a political subdivision's tax levy to an amount that exceeds the
3230		-	amount originally advertised or adopted by the political subdivision if:
3231		-	(1) the increase is requested in writing by the officers of the
3232		-	political subdivision;
3233		-	(2) the request includes:
3234		-	(A) the corrected budget, tax rate, or levy, as applicable; and
3235		-	(B) the time and place of the meeting described in subdivision
3236		-	(4);
3237		-	(3) the political subdivision publishes the requested increase on
3238		-	the department's advertising website;
3239		-	(4) the political subdivision adopts the needed changes to its
3240		-	budget, tax levy, or rate in a public meeting of the governing
3241		-	body; and
3242		-	(5) notice is given to the county fiscal body of the department's
3243		-	correction.
3244		-	The political subdivision shall publish notice of the meeting described
3245		-	in subdivision (4) on the Indiana transparency website in the manner
3246		-	prescribed by the department not later than forty-eight (48) hours
3247		-	(excluding weekends and holidays) before the meeting. If the
3248		-	department increases a levy beyond what was advertised or adopted
3249		-	under this subsection, it shall, unless the department finds extenuating
3250		-	circumstances, reduce the certified levy affected below the maximum
3251		-	allowable levy by the lesser of five percent (5%) of the difference
3252		-	between the advertised or adopted levy and the increased levy, or one
3253		-	hundred thousand dollars ($100,000).
3254		-	(m) If the department of local government finance has
3255		-	determined that the proposed tax levy for a political subdivision's
3256		-	budget exceeds the permissible tax levy for the political subdivision
3257		-	under section 23 of this chapter, the department of local
3258		-	government finance shall calculate and certify the allowable tax
3259		-	levy and tax rate for the political subdivision based on the
3260		-	provisions in section 23 of this chapter.
3261		-	SECTION 57. IC 6-1.1-17-17, AS AMENDED BY P.L.146-2008,
3262		-	SEA 1 — Concur 77
3263		-	SECTION 161, IS AMENDED TO READ AS FOLLOWS
3264		-	[EFFECTIVE JULY 1, 2025]: Sec. 17. Subject to the limitations
3265		-	contained in IC 6-1.1-18.5 and IC 20-46, and notwithstanding section
3266		-	23 of this chapter, the department of local government finance may at
3267		-	any time increase the tax rate and tax levy of a political subdivision for
3268		-	the following reasons:
3269		-	(1) To pay the principal or interest upon a funding, refunding, or
3270		-	judgment funding obligation of a political subdivision.
3271		-	(2) To pay the interest or principal upon an outstanding obligation
3272		-	of the political subdivision.
3273		-	(3) To pay a judgment rendered against the political subdivision.
3274		-	(4) To pay lease rentals that have become an obligation of the
3275		-	political subdivision under IC 20-47-2 or IC 20-47-3.
3276		-	SECTION 58. IC 6-1.1-17-23 IS ADDED TO THE INDIANA
3277		-	CODE AS A NEW SECTION TO READ AS FOLLOWS
3278		-	[EFFECTIVE JULY 1, 2025]: Sec. 23. (a) This section applies
3279		-	beginning after December 31, 2028, to the formulation and
3280		-	adoption of a budget, tax rate, and tax levy under this chapter.
3281		-	(b) Notwithstanding any growth in a political subdivision's
3282		-	assessed value in the previous year, the ad valorem property tax
3283		-	levy for the budget of a political subdivision shall not exceed the ad
3284		-	valorem property tax levy for its last preceding annual budget,
3285		-	except as provided in subsections (c) and (d).
3286		-	(c) The fiscal body of a political subdivision may by ordinance
3287		-	authorize the proper officers of the political subdivision to
3288		-	formulate and submit a budget, tax rate, and tax levy under section
3289		-	3 of this chapter that exceeds the ad valorem property tax levy
3290		-	restriction in subsection (b), subject to all other limits under this
3291		-	article, if the following conditions are met:
3292		-	(1) The fiscal body of the political subdivision must hold a
3293		-	public hearing at which the only item on the agenda is the
3294		-	proposal to adopt an ordinance under this subsection. The
3295		-	hearing shall be conducted in accordance with IC 5-14-1.5,
3296		-	and notice of the hearing shall be published in accordance
3297		-	with IC 5-3-1.
3298		-	(2) After conducting a public hearing under subdivision (1)
3299		-	and subject to subdivision (3), the fiscal body of the political
3300		-	subdivision may adopt an ordinance under this subsection,
3301		-	which must contain:
3302		-	(A) a general statement of the reasons for the tax levy and
3303		-	tax rate increase;
3304		-	(B) the dollar amount of the tax levy increase; and
3305		-	SEA 1 — Concur 78
3306		-	(C) the percentage increase in the tax rate from the
3307		-	previous year.
3308		-	(3) An ordinance may not be adopted under this section after
3309		-	the date that is fifteen (15) days before the public hearing
3310		-	under section 3 of this chapter.
3311		-	(d) If an ordinance is adopted by the fiscal body of a political
3312		-	subdivision under subsection (c), the limitation in subsection (b)
3313		-	shall not apply and instead the ad valorem property tax levy for
3314		-	the budget of the political subdivision shall not exceed the sum of:
3315		-	(1) the ad valorem property tax levy for the political
3316		-	subdivision's last preceding annual budget; plus
3317		-	(2) the additional ad valorem property tax levy authorized in
3318		-	the ordinance adopted by the fiscal body under subsection (c);
3319		-	subject to all other limits under this article.
3320		-	(e) The provisions of this section shall be applied to decrease the
3321		-	tax rate of each political subdivision in which there was an increase
3322		-	in the political subdivision's assessed value in the previous year,
3323		-	subject to subsections (c) and (d).
3324		-	SECTION 59. IC 6-1.1-18.5-2, AS AMENDED BY P.L.239-2023,
3325		-	SECTION 5, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
3326		-	UPON PASSAGE]: Sec. 2. (a) As used in this section, "Indiana
3327		-	nonfarm personal income" means the estimate of total nonfarm
3328		-	personal income for Indiana in a calendar year as computed by the
3329		-	federal Bureau of Economic Analysis using any actual data for the
3330		-	calendar year and any estimated data determined appropriate by the
3331		-	federal Bureau of Economic Analysis.
3332		-	(b) Except as provided in subsections (c) and (e), for purposes of
3333		-	determining a civil taxing unit's maximum permissible ad valorem
3334		-	property tax levy for an ensuing calendar year, the civil taxing unit
3335		-	shall use the maximum levy growth quotient determined in the last
3336		-	STEP of the following STEPS:
3337		-	STEP ONE: For each of the six (6) calendar years immediately
3338		-	preceding the year in which a budget is adopted under
3339		-	IC 6-1.1-17-5 for the ensuing calendar year, divide the Indiana
3340		-	nonfarm personal income for the calendar year by the Indiana
3341		-	nonfarm personal income for the calendar year immediately
3342		-	preceding that calendar year, rounding to the nearest
3343		-	one-thousandth (0.001).
3344		-	STEP TWO: Determine the sum of the STEP ONE results.
3345		-	STEP THREE: Divide the STEP TWO result by six (6), rounding
3346		-	to the nearest one-thousandth (0.001).
3347		-	STEP FOUR: Determine the lesser of the following:
3348		-	SEA 1 — Concur 79
3349		-	(A) The STEP THREE quotient.
3350		-	(B) One and six-hundredths (1.06).
3351		-	(c) Except as provided in subsection (f), a school corporation shall
3352		-	use for its operations fund maximum levy calculation under
3353		-	IC 20-46-8-1 the maximum levy growth quotient determined in the last
3354		-	STEP of the following STEPS:
3355		-	STEP ONE: Determine for each school corporation, the average
3356		-	annual growth in net assessed value using the three (3) calendar
3357		-	years immediately preceding the year in which a budget is
3358		-	adopted under IC 6-1.1-17-5 for the ensuing calendar year.
3359		-	STEP TWO: Determine the greater of:
3360		-	(A) zero (0); or
3361		-	(B) the STEP ONE amount minus the sum of:
3362		-	(i) the maximum levy growth quotient determined under
3363		-	subsection (b) minus one (1); plus
3364		-	(ii) two-hundredths (0.02).
3365		-	STEP THREE: Determine the lesser of:
3366		-	(A) the STEP TWO amount; or
3367		-	(B) four-hundredths (0.04).
3368		-	STEP FOUR: Determine the sum of:
3369		-	(A) the STEP THREE amount; plus
3370		-	(B) the maximum levy growth quotient determined under
3371		-	subsection (b).
3372		-	STEP FIVE: Determine the greater of:
3373		-	(A) the STEP FOUR amount; or
3374		-	(B) the maximum levy growth quotient determined under
3375		-	subsection (b).
3376		-	(d) The budget agency shall provide the maximum levy growth
3377		-	quotient for the ensuing year to civil taxing units, school corporations,
3378		-	and the department of local government finance before July 1 of each
3379		-	year.
3380		-	(e) This subsection applies only for purposes of determining the
3381		-	maximum levy growth quotient to be used in determining a civil taxing
3382		-	unit's maximum permissible ad valorem property tax levy in calendar
3383		-	years 2024, and 2025, and 2026. For purposes of determining the
3384		-	maximum levy growth quotient in calendar years 2024, and 2025, and
3385		-	2026, instead of the result determined in the last STEP in subsection
3386		-	(b), the maximum levy growth quotient is determined in the last STEP
3387		-	of the following STEPS:
3388		-	STEP ONE: Determine the result of STEP FOUR of subsection
3389		-	(b), calculated as if this subsection was not in effect.
3390		-	STEP TWO: Subtract one (1) from the STEP ONE result.
3391		-	SEA 1 — Concur 80
3392		-	STEP THREE: Multiply the STEP TWO result by eight-tenths
3393		-	(0.8).
3394		-	STEP FOUR: Add one (1) to the STEP THREE result.
3395		-	STEP FIVE: Determine the lesser of:
3396		-	(A) the STEP FOUR result; or
3397		-	(B) one and four-hundredths (1.04).
3398		-	(f) This subsection applies only for purposes of determining the
3399		-	maximum levy growth quotient to be used in determining a school
3400		-	corporation's operations fund maximum levy in calendar years 2024,
3401		-	and 2025, and 2026. For purposes of determining the maximum levy
3402		-	growth quotient in calendar years 2024, and 2025, and 2026, instead
3403		-	of the result determined in the last STEP in subsection (c), the
3404		-	maximum levy growth quotient is determined in the last STEP of the
3405		-	following STEPS:
3406		-	STEP ONE: Determine the result of STEP FIVE of subsection (c),
3407		-	calculated as if this subsection was not in effect.
3408		-	STEP TWO: Subtract one (1) from the STEP ONE result.
3409		-	STEP THREE: Multiply the STEP TWO result by eight-tenths
3410		-	(0.8).
3411		-	STEP FOUR: Add one (1) to the STEP THREE result.
3412		-	STEP FIVE: Determine the lesser of:
3413		-	(A) the STEP FOUR result; or
3414		-	(B) one and four-hundredths (1.04).
3415		-	SECTION 60. IC 6-1.1-18.5-3, AS AMENDED BY P.L.247-2017,
3416		-	SECTION 1, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
3417		-	JANUARY 1, 2028]: Sec. 3. (a) A civil taxing unit may not impose an
3418		-	ad valorem property tax levy for an ensuing calendar year that exceeds
3419		-	the amount determined in the last STEP of the following STEPS:
3420		-	STEP ONE: Determine the civil taxing unit's maximum
3421		-	permissible ad valorem property tax levy for the preceding
3422		-	calendar year.
3423		-	STEP TWO: Multiply the amount determined in STEP ONE by
3424		-	the amount determined in the last STEP of section 2(b) of this
3425		-	chapter.
3426		-	STEP THREE: Determine the lesser of one and fifteen hundredths
3427		-	(1.15) or the quotient (rounded to the nearest ten-thousandth
3428		-	(0.0001)), of the assessed value of all taxable property subject to
3429		-	the civil taxing unit's ad valorem property tax levy for the ensuing
3430		-	calendar year, divided by the assessed value of all taxable
3431		-	property that is subject to the civil taxing unit's ad valorem
3432		-	property tax levy for the ensuing calendar year and that is
3433		-	contained within the geographic area that was subject to the civil
3434		-	SEA 1 — Concur 81
3435		-	taxing unit's ad valorem property tax levy in the preceding
3436		-	calendar year.
3437		-	STEP FOUR: Determine the greater of the amount determined in
3438		-	STEP THREE or one (1).
3439		-	STEP FIVE: Multiply the amount determined in STEP TWO by
3440		-	the amount determined in STEP FOUR.
3441		-	STEP SIX: Add the amount determined under STEP TWO to the
3442		-	amount of an excessive levy appeal granted under section 13 of
3443		-	this chapter for the ensuing calendar year.
3444		-	STEP SEVEN: Determine the greater of STEP FIVE or STEP
3445		-	SIX.
3446		-	(b) This subsection applies only to a civil taxing unit that is located
3447		-	in a county that is covered by IC 6-3.6-11-1. For purposes of subsection
3448		-	(a), revenue under IC 6-3.6-6 that is applied for purposes of a levy
3449		-	freeze shall not be included in the amount determined under STEP
3450		-	ONE of subsection (a) for the civil taxing unit. Notwithstanding any
3451		-	provision in this section, any other section of this chapter, or
3452		-	IC 12-20-21-3.2, and except as provided in subsection (c), if the
3453		-	adopting body has adopted a resolution specifying that any increase in
3454		-	the maximum levy is to be funded using local income tax revenue, the
3455		-	maximum permissible ad valorem property tax levy calculated under
3456		-	this section for the ensuing calendar year for the civil taxing unit is
3457		-	equal to the civil taxing unit's maximum permissible ad valorem
3458		-	property tax levy for the current calendar year. If the adopting body has
3459		-	adopted a resolution specifying that any increase in the maximum levy
3460		-	is not to be funded using local income tax revenue, the maximum
3461		-	permissible ad valorem property tax levy for the civil taxing unit is
3462		-	equal to the civil taxing unit's maximum permissible ad valorem
3463		-	property tax levy calculated under this section for the ensuing calendar
3464		-	year.
3465		-	(c) In the case of a civil taxing unit that:
3466		-	(1) is partially located in a county that is covered by
3467		-	IC 6-3.6-11-1; and
3468		-	(2) is partially located in a county that is not described in
3469		-	subdivision (1);
3470		-	the department of local government finance shall, notwithstanding
3471		-	subsection (b), adjust the portion of the civil taxing unit's maximum
3472		-	permissible ad valorem property tax levy that is attributable (as
3473		-	determined by the department of local government finance) to the
3474		-	county or counties described in subdivision (2). The department of
3475		-	local government finance shall adjust this portion of the civil taxing
3476		-	unit's maximum permissible ad valorem property tax levy so that,
3477		-	SEA 1 — Concur 82
3478		-	notwithstanding subsection (b), this portion is allowed to increase as
3479		-	otherwise provided in this section. If the department of local
3480		-	government finance increases the civil taxing unit's maximum
3481		-	permissible ad valorem property tax levy under this subsection, any
3482		-	additional property taxes imposed by the civil taxing unit under the
3483		-	adjustment shall be paid only by the taxpayers in the county or counties
3484		-	described in subdivision (2).
3485		-	(b) In the case of a county that was covered by IC 6-3.6-11-1
3486		-	(before its repeal), the maximum permissible property tax levy for
3487		-	the civil taxing unit under STEP ONE of subsection (a) shall be
3488		-	increased to the extent and in the amount that revenue from a levy
3489		-	freeze was applied to adjust the civil taxing unit's maximum
3490		-	permissible property tax levy in the tax year immediately
3491		-	preceding the repeal of IC 6-3.6-11-1. The increase shall apply to
3492		-	each tax year after the repeal. Notwithstanding any other provision
3493		-	of law, if a county has a stabilization fund, the county may use
3494		-	money from that fund for operations of the county in lieu of levy
3495		-	increases pursuant to this subsection. A county to which this
3496		-	subsection applies shall adopt a plan to phase in a multi-year
3497		-	gradual spend down of money in its stabilization fund or other
3498		-	available funds over a specified number of years that allows for the
3499		-	gradual increase of the county's levy in combination with money
3500		-	from its stabilization fund.
3501		-	SECTION 61. IC 6-1.1-18.5-12, AS AMENDED BY P.L.156-2024,
3502		-	SECTION 16, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
3503		-	JANUARY 1, 2026]: Sec. 12. (a) Any civil taxing unit that incurs
3504		-	increased costs resulting from annexation, a natural disaster, an
3505		-	accident, or another unanticipated emergency, and determines that
3506		-	it cannot carry out its governmental functions for an ensuing calendar
3507		-	year under the levy limitations imposed by section 3 or 25 of this
3508		-	chapter, as applicable, may, subject to subsections (h) and (i):
3509		-	(1) before October 20 of the calendar year immediately preceding
3510		-	the ensuing calendar year; or
3511		-	(2) in the case of a request described in section 16 of this chapter,
3512		-	before December 31 of the calendar year immediately preceding
3513		-	the ensuing calendar year;
3514		-	appeal to the department of local government finance for relief from
3515		-	those levy limitations. In the appeal the civil taxing unit must state that
3516		-	it will be unable to carry out the governmental functions committed to
3517		-	it by law unless it is given the authority that it is petitioning for. The
3518		-	civil taxing unit must support these allegations by reasonably detailed
3519		-	statements of fact.
3520		-	SEA 1 — Concur 83
3521		-	(b) The department of local government finance shall immediately
3522		-	proceed to the examination and consideration of the merits of the civil
3523		-	taxing unit's appeal.
3524		-	(c) In considering an appeal, the department of local government
3525		-	finance has the power to conduct hearings, require any officer or
3526		-	member of the appealing civil taxing unit to appear before it, or require
3527		-	any officer or member of the appealing civil taxing unit to provide the
3528		-	department with any relevant records or books.
3529		-	(d) If an officer or member:
3530		-	(1) fails to appear at a hearing after having been given written
3531		-	notice requiring that person's attendance; or
3532		-	(2) fails to produce the books and records that the department by
3533		-	written notice required the officer or member to produce;
3534		-	then the department may file an affidavit in the circuit court, superior
3535		-	court, or probate court in the jurisdiction in which the officer or
3536		-	member may be found setting forth the facts of the failure.
3537		-	(e) Upon the filing of an affidavit under subsection (d), the court
3538		-	shall promptly issue a summons, and the sheriff of the county within
3539		-	which the court is sitting shall serve the summons. The summons must
3540		-	command the officer or member to appear before the department to
3541		-	provide information to the department or to produce books and records
3542		-	for the department's use, as the case may be. Disobedience of the
3543		-	summons constitutes, and is punishable as, a contempt of the court that
3544		-	issued the summons.
3545		-	(f) All expenses incident to the filing of an affidavit under
3546		-	subsection (d) and the issuance and service of a summons shall be
3547		-	charged to the officer or member against whom the summons is issued,
3548		-	unless the court finds that the officer or member was acting in good
3549		-	faith and with reasonable cause. If the court finds that the officer or
3550		-	member was acting in good faith and with reasonable cause or if an
3551		-	affidavit is filed and no summons is issued, the expenses shall be
3552		-	charged against the county in which the affidavit was filed and shall be
3553		-	allowed by the proper fiscal officers of that county.
3554		-	(g) The fiscal officer of a civil taxing unit that appeals under section
3555		-	16 of this chapter for relief from levy limitations shall immediately file
3556		-	a copy of the appeal petition with the county auditor and the county
3557		-	treasurer of the county in which the unit is located.
3558		-	(h) This subsection applies to a civil taxing unit whose budget for
3559		-	the upcoming year is subject to review by a fiscal body under:
3560		-	(1) IC 6-1.1-17-20;
3561		-	(2) IC 6-1.1-17-20.3; or
3562		-	(3) IC 6-1.1-17-20.4.
3563		-	SEA 1 — Concur 84
3564		-	A civil taxing unit described in this subsection may not submit an
3565		-	appeal under this section unless the civil taxing unit receives approval
3566		-	from the appropriate fiscal body to submit the appeal.
3567		-	(i) A participating unit of a fire protection territory may not submit
3568		-	an appeal under this section unless each participating unit of the fire
3569		-	protection territory has adopted a resolution approving submission of
3570		-	the appeal.
3571		-	SECTION 62. IC 6-1.1-18.5-13, AS AMENDED BY P.L.174-2022,
3572		-	SECTION 37, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
3573		-	JANUARY 1, 2026]: Sec. 13. (a) With respect to an appeal filed under
3574		-	section 12 of this chapter, the department may find that a civil taxing
3575		-	unit should receive any one (1) or more of the following types of the
3576		-	following relief:
3577		-	(1) Permission to the civil taxing unit to increase its levy in excess
3578		-	of the limitations established under section 3 or 25 of this chapter,
3579		-	as applicable, if in the judgment of the department the increase is
3580		-	reasonably necessary due to increased costs of the civil taxing
3581		-	unit resulting from annexation. consolidation, or other extensions
3582		-	of governmental services by the civil taxing unit to additional
3583		-	geographic areas. With respect to annexation, consolidation, or
3584		-	other extensions of governmental services in a calendar year, If
3585		-	those increased costs are incurred by the civil taxing unit in that
3586		-	calendar year and more than one (1) immediately succeeding
3587		-	calendar year, the unit may appeal under section 12 of this chapter
3588		-	for permission to increase its levy under this subdivision based on
3589		-	those increased costs in any of the following:
3590		-	(A) The first calendar year in which those costs are incurred.
3591		-	(B) One (1) or more of the immediately succeeding four (4)
3592		-	calendar years.
3593		-	(2) Permission to the civil taxing unit to increase its levy in excess
3594		-	of the limitations established under section 3 or 25 of this chapter,
3595		-	as applicable, if the department finds that the quotient determined
3596		-	under STEP SIX of the following formula is equal to or greater
3597		-	than one and two-hundredths (1.02):
3598		-	STEP ONE: Determine the three (3) calendar years that most
3599		-	immediately precede the ensuing calendar year.
3600		-	STEP TWO: Compute separately, for each of the calendar
3601		-	years determined in STEP ONE, the quotient (rounded to the
3602		-	nearest ten-thousandth (0.0001)) of the sum of the civil taxing
3603		-	unit's total assessed value of all taxable property divided by the
3604		-	sum determined under this STEP for the calendar year
3605		-	immediately preceding the particular calendar year.
3606		-	SEA 1 — Concur 85
3607		-	STEP THREE: Divide the sum of the three (3) quotients
3608		-	computed in STEP TWO by three (3).
3609		-	STEP FOUR: Compute separately, for each of the calendar
3610		-	years determined in STEP ONE, the quotient (rounded to the
3611		-	nearest ten-thousandth (0.0001)) of the sum of the total
3612		-	assessed value of all taxable property in all counties divided by
3613		-	the sum determined under this STEP for the calendar year
3614		-	immediately preceding the particular calendar year.
3615		-	STEP FIVE: Divide the sum of the three (3) quotients
3616		-	computed in STEP FOUR by three (3).
3617		-	STEP SIX: Divide the STEP THREE amount by the STEP
3618		-	FIVE amount.
3619		-	The civil taxing unit may increase its levy by a percentage not
3620		-	greater than the percentage by which the STEP THREE amount
3621		-	exceeds the percentage by which the civil taxing unit may
3622		-	increase its levy under section 3 or 25 of this chapter, as
3623		-	applicable, based on the maximum levy growth quotient
3624		-	determined under section 2 of this chapter.
3625		-	(3) (2) A levy increase may be granted under this subdivision only
3626		-	for property taxes first due and payable after December 31, 2008.
3627		-	Permission to a civil taxing unit to increase its levy in excess of
3628		-	the limitations established under section 3 or 25 of this chapter,
3629		-	as applicable, if the department determines that the civil taxing
3630		-	unit cannot carry out its governmental functions for an ensuing
3631		-	calendar year under the levy limitations imposed by section 3 or
3632		-	25 of this chapter, as applicable, due to a natural disaster, an
3633		-	accident, or another unanticipated emergency.
3634		-	(b) The department of local government finance shall increase the
3635		-	maximum permissible ad valorem property tax levy under section 3 of
3636		-	this chapter for the city of Goshen for 2012 and thereafter by an
3637		-	amount equal to the greater of zero (0) or the result of:
3638		-	(1) the city's total pension costs in 2009 for the 1925 police
3639		-	pension fund (IC 36-8-6) and the 1937 firefighters' pension fund
3640		-	(IC 36-8-7); minus
3641		-	(2) the sum of:
3642		-	(A) the total amount of state funds received in 2009 by the city
3643		-	and used to pay benefits to members of the 1925 police
3644		-	pension fund (IC 36-8-6) or the 1937 firefighters' pension fund
3645		-	(IC 36-8-7); plus
3646		-	(B) any previous permanent increases to the city's levy that
3647		-	were authorized to account for the transfer to the state of the
3648		-	responsibility to pay benefits to members of the 1925 police
3649		-	SEA 1 — Concur 86
3650		-	pension fund (IC 36-8-6) and the 1937 firefighters' pension
3651		-	fund (IC 36-8-7).
3652		-	SECTION 63. IC 6-1.1-18.5-19 IS AMENDED TO READ AS
3653		-	FOLLOWS [EFFECTIVE JANUARY 1, 2028]: Sec. 19. (a) If a
3654		-	township levied an ad valorem property tax levy for a township
3655		-	firefighting fund under IC 36-8-13-4 for calendar year 1989, the
3656		-	maximum permissible ad valorem property tax levy that will apply to
3657		-	the township's firefighting fund under section 3 of this chapter for
3658		-	calendar year 1990 is the amount determined in STEP FIVE of the
3659		-	following STEPS:
3660		-	STEP ONE: Determine the part of the township's ad valorem
3661		-	property tax levy for calendar year 1989 that was dedicated to the
3662		-	township firefighting fund.
3663		-	STEP TWO: If the township incurred any loans or bonded
3664		-	indebtedness to pay for fire protection or emergency services
3665		-	during the period from January 1, 1987, through December 31,
3666		-	1989 (excluding loans or bonded indebtedness used to purchase
3667		-	firefighting apparatus or equipment or housing), determine the
3668		-	number of calendar years during that period in which the
3669		-	township incurred the loans or bonded indebtedness.
3670		-	STEP THREE: Calculate the quotient of:
3671		-	(A) the total amounts of loans or bonded indebtedness
3672		-	incurred by the township for fire protection and emergency
3673		-	services during the period from January 1, 1987, through
3674		-	December 31, 1989 (excluding loans or bonded indebtedness
3675		-	used to purchase firefighting apparatus or equipment or
3676		-	housing); divided by
3677		-	(B) the number determined in STEP TWO.
3678		-	STEP FOUR: Add the result determined in STEP ONE to the
3679		-	result determined in STEP THREE.
3680		-	STEP FIVE: Calculate the maximum ad valorem property tax levy
3681		-	that would result from making the calculations contained in
3682		-	section 3 of this chapter as those calculations apply to the
3683		-	township, using the result obtained in STEP FOUR for the civil
3684		-	taxing unit's maximum permissible ad valorem property tax levy
3685		-	for the preceding calendar year under section 3(a) or 3(b) of this
3686		-	chapter (as in effect at the time of the calculation), whichever
3687		-	applies to the township.
3688		-	If the amount determined under this subsection is substantially lower
3689		-	than the township's normal expenditure patterns for fire protection and
3690		-	emergency services (excluding the expenditures for the purchase of
3691		-	firefighting apparatus or equipment or housing), the township may
3692		-	SEA 1 — Concur 87
3693		-	appeal to the local government tax control board for an increase in the
3694		-	1990 maximum permissible ad valorem property tax levy for its
3695		-	township firefighting fund. In considering the appeal, the local
3696		-	government tax control board shall consider other sources of revenue
3697		-	used by the township during calendar year 1989 to fund fire protection
3698		-	and emergency services that are also available for such funding in 1990
3699		-	and thereafter and the board shall also consider any other relevant
3700		-	factors.
3701		-	(b) If a township did not have a township firefighting fund under
3702		-	IC 36-8-13-4 for calendar year 1989, but appropriated funds for fire
3703		-	protection or emergency services for that calendar year, the township's
3704		-	maximum ad valorem property tax levy that will apply to the township's
3705		-	firefighting fund under section 3 of this chapter for calendar year 1990
3706		-	is the amount determined in STEP FIVE of the following STEPS:
3707		-	STEP ONE: Determine the amount that the township appropriated
3708		-	from its general fund for fire protection and emergency services
3709		-	(excluding appropriations for the purchase of firefighting
3710		-	apparatus or equipment or housing).
3711		-	STEP TWO: If the township incurred any loans or bonded
3712		-	indebtedness to pay for fire protection or emergency services
3713		-	during the period from January 1, 1987, through December 31,
3714		-	1989 (excluding loans or bonded indebtedness used to purchase
3715		-	firefighting apparatus or equipment or housing), determine the
3716		-	number of calendar years during that period in which the
3717		-	township incurred the loans or bonded indebtedness.
3718		-	STEP THREE: Calculate the quotient of:
3719		-	(A) the total amounts of loans or bonded indebtedness
3720		-	incurred by the township for fire protection and emergency
3721		-	services during the period from January 1, 1987, through
3722		-	December 31, 1989 (excluding loans or bonded indebtedness
3723		-	used to purchase firefighting apparatus or equipment or
3724		-	housing); divided by
3725		-	(B) the number determined in STEP TWO.
3726		-	STEP FOUR: Add the result of STEP ONE to the result of STEP
3727		-	THREE.
3728		-	STEP FIVE: Calculate the maximum ad valorem property tax levy
3729		-	that would result from making the calculations contained in
3730		-	section 3 of this chapter, as those calculations apply to the
3731		-	township, using the result obtained in STEP FOUR for the civil
3732		-	taxing unit's maximum permissible ad valorem property tax levy
3733		-	for the preceding calendar year under section 3(a) or 3(b) of this
3734		-	chapter (as in effect at the time of the calculation), whichever
3735		-	SEA 1 — Concur 88
3736		-	applies to the township.
3737		-	If the amount determined under this subsection is substantially lower
3738		-	than the township's normal expenditure patterns for fire protection and
3739		-	emergency services (excluding the expenditures for the purchase of
3740		-	firefighting apparatus or equipment or housing), the township may
3741		-	appeal to the local government tax control board for an increase in its
3742		-	1990 maximum permissible levy for its township firefighting fund. In
3743		-	considering the appeal, the local government tax control board shall
3744		-	consider other sources of revenue used by the township during calendar
3745		-	year 1989 to fund fire protection and emergency services that are also
3746		-	available for such funding in 1990 and thereafter and the board shall
3747		-	also consider any other relevant factors.
3748		-	(c) If for calendar year 1989:
3749		-	(1) a township had a township firefighting fund under
3750		-	IC 36-8-13-4 but did not have an ad valorem property tax levy for
3751		-	that fund; or
3752		-	(2) a township did not have a township firefighting fund and
3753		-	appropriated no money for fire protection or emergency services;
3754		-	the township's maximum permissible ad valorem property tax levy for
3755		-	its township firefighting fund shall be determined under section 7 of
3756		-	this chapter in the calendar year in which the township first establishes
3757		-	such a levy.
3758		-	SECTION 64. IC 6-1.1-18.5-25, AS AMENDED BY P.L.236-2023,
3759		-	SECTION 32, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
3760		-	JULY 1, 2025]: Sec. 25. (a) The ad valorem property tax levy limits
3761		-	imposed under section 3 of this chapter do not apply to a municipality
3762		-	in a year if all the following apply:
3763		-	(1) The percentage growth in the municipality's assessed value for
3764		-	the preceding year compared to the year before the preceding year
3765		-	is at least two (2) times the maximum levy growth quotient
3766		-	determined under section 2 of this chapter for the preceding year.
3767		-	(2) The municipality's population increased by at least one
3768		-	hundred fifty percent (150%) between the last two (2) decennial
3769		-	censuses. The computation of an increase of one hundred fifty
3770		-	percent (150%) under this subdivision shall be determined
3771		-	according to the last STEP of the following STEPS:
3772		-	STEP ONE: Determine the municipality's population as
3773		-	tabulated following the first decennial census.
3774		-	STEP TWO: Determine the municipality's population as
3775		-	tabulated following the second decennial census.
3776		-	STEP THREE: Multiply the amount determined under STEP
3777		-	ONE by a factor of two and five-tenths (2.5).
3778		-	SEA 1 — Concur 89
3779		-	STEP FOUR: Determine whether the population determined
3780		-	under STEP TWO is greater than or equal to the STEP THREE
3781		-	product.
3782		-	(b) A municipality that meets all the requirements under subsection
3783		-	(a) may increase its ad valorem property tax levy in excess of the limits
3784		-	imposed under section 3 of this chapter by a percentage equal to the
3785		-	lesser of:
3786		-	(1) the percentage growth in the municipality's assessed value for
3787		-	the preceding year compared to the year before the preceding
3788		-	year; or
3789		-	(2) six percent (6%).
3790		-	(c) A municipality's maximum levy growth that results from either
3791		-	annexation or the pass through of assessed value from a tax increment
3792		-	financing district may not be included for the purposes of determining
3793		-	a municipality's maximum levy growth under this section.
3794		-	(d) This section applies to property tax levies imposed after
3795		-	December 31, 2016, and before January 1, 2026.
3796		-	(e) This section expires December 31, 2026.
3797		-	SECTION 65. IC 6-1.1-20-1.1, AS AMENDED BY P.L.136-2024,
3798		-	SECTION 22, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
3799		-	JULY 1, 2025]: Sec. 1.1. (a) As used in this chapter, "controlled
3800		-	project" means any project financed by bonds or a lease, except for the
3801		-	following:
3802		-	(1) A project for which the political subdivision reasonably
3803		-	expects to pay:
3804		-	(A) debt service; or
3805		-	(B) lease rentals;
3806		-	from funds other than property taxes that are exempt from the
3807		-	levy limitations of IC 6-1.1-18.5 or (before January 1, 2009)
3808		-	IC 20-45-3. A project is not a controlled project even though the
3809		-	political subdivision has pledged to levy property taxes to pay the
3810		-	debt service or lease rentals if those other funds are insufficient.
3811		-	(2) Subject to subsection (b), a project that will not cost the
3812		-	political subdivision more than the lesser of the following:
3813		-	(A) An amount equal to the following:
3814		-	(i) In the case of an ordinance or resolution adopted before
3815		-	January 1, 2018, making a preliminary determination to
3816		-	issue bonds or enter into a lease for the project, two million
3817		-	dollars ($2,000,000).
3818		-	(ii) In the case of an ordinance or resolution adopted after
3819		-	December 31, 2017, and before January 1, 2019, making a
3820		-	preliminary determination to issue bonds or enter into a
3821		-	SEA 1 — Concur 90
3822		-	lease for the project, five million dollars ($5,000,000).
3823		-	(iii) In the case of an ordinance or resolution adopted in a
3824		-	calendar year after December 31, 2018, making a
3825		-	preliminary determination to issue bonds or enter into a
3826		-	lease for the project, an amount (as determined by the
3827		-	department of local government finance) equal to the result
3828		-	of the maximum levy growth quotient determined under
3829		-	IC 6-1.1-18.5-2 for the year multiplied by the amount
3830		-	determined under this clause for the preceding calendar
3831		-	year.
3832		-	The department of local government finance shall publish the
3833		-	threshold determined under item (iii) in the Indiana Register
3834		-	under IC 4-22-7-7 not more than sixty (60) days after the date
3835		-	the budget agency releases the maximum levy growth quotient
3836		-	for the ensuing year under IC 6-1.1-18.5-2.
3837		-	(B) An amount equal to the following:
3838		-	(i) One percent (1%) of the total gross assessed value of
3839		-	property within the political subdivision on the last
3840		-	assessment date, if that total gross assessed value is more
3841		-	than one hundred million dollars ($100,000,000).
3842		-	(ii) One million dollars ($1,000,000), if the total gross
3843		-	assessed value of property within the political subdivision
3844		-	on the last assessment date is not more than one hundred
3845		-	million dollars ($100,000,000).
3846		-	(3) A project that is being refinanced for the purpose of providing
3847		-	gross or net present value savings to taxpayers.
3848		-	(4) A project for which bonds were issued or leases were entered
3849		-	into before January 1, 1996, or where the state board of tax
3850		-	commissioners has approved the issuance of bonds or the
3851		-	execution of leases before January 1, 1996.
3852		-	(5) A project that:
3853		-	(A) is required by a court order holding that a federal law
3854		-	mandates the project; or
3855		-	(B) is in response to a court order holding that:
3856		-	(i) a federal law has been violated; and
3857		-	(ii) the project is to address the deficiency or violation.
3858		-	(6) A project that is in response to:
3859		-	(A) a natural disaster;
3860		-	(B) an accident; or
3861		-	(C) an emergency;
3862		-	in the political subdivision that makes a building or facility
3863		-	unavailable for its intended use.
3864		-	SEA 1 — Concur 91
3865		-	(7) A project that was not a controlled project under this section
3866		-	as in effect on June 30, 2008, and for which:
3867		-	(A) the bonds or lease for the project were issued or entered
3868		-	into before July 1, 2008; or
3869		-	(B) the issuance of the bonds or the execution of the lease for
3870		-	the project was approved by the department of local
3871		-	government finance before July 1, 2008.
3872		-	(8) A project of the Little Calumet River basin development
3873		-	commission for which bonds are payable from special
3874		-	assessments collected under IC 14-13-2-18.6.
3875		-	(9) A project for engineering, land and right-of-way acquisition,
3876		-	construction, resurfacing, maintenance, restoration, and
3877		-	rehabilitation exclusively for or of:
3878		-	(A) local road and street systems, including bridges that are
3879		-	designated as being in a local road and street system;
3880		-	(B) arterial road and street systems, including bridges that are
3881		-	designated as being in an arterial road and street system; or
3882		-	(C) any combination of local and arterial road and street
3883		-	systems, including designated bridges.
3884		-	(b) This subsection does not apply to a project for which a public
3885		-	hearing to issue bonds or enter into a lease has been conducted under
3886		-	IC 20-26-7-37 before July 1, 2023, or to a project for which an
3887		-	ordinance or resolution making a preliminary determination to
3888		-	issue bonds or enter into a lease is adopted after June 30, 2025. If:
3889		-	(1) a political subdivision's total debt service tax rate is more than
3890		-	forty cents ($0.40) per one hundred dollars ($100) of assessed
3891		-	value; and
3892		-	(2) subsection (a)(1) and subsection (a)(3) through (a)(9) are not
3893		-	applicable;
3894		-	the term includes any project to be financed by bonds or a lease,
3895		-	including a project that does not otherwise meet the threshold amount
3896		-	provided in subsection (a)(2). This subsection expires December 31,
3897		-	2025. For purposes of this subsection, a political subdivision's total
3898		-	debt service tax rate does not include a tax rate imposed in a
3899		-	referendum debt service tax levy approved by voters.
3900		-	(c) This subsection applies to a project for which an ordinance
3901		-	or resolution making a preliminary determination to issue bonds
3902		-	or enter into a lease is adopted after June 30, 2025. If subsection
3903		-	(a)(1) and subsection (a)(3) through (a)(9) are not applicable, the
3904		-	term includes any project to be financed by bonds or a lease,
3905		-	including a project that does not otherwise meet the threshold
3906		-	amount provided in subsection (a)(2), if:
3907		-	SEA 1 — Concur 92
3908		-	(1) in the case of a school corporation, the school
3909		-	corporation's total debt service tax rate is more than forty
3910		-	cents ($0.40) per one hundred dollars ($100) of assessed value;
3911		-	(2) in the case of a city, county, or town, the city's, county's, or
3912		-	town's total debt service tax rate is more than twenty-five
3913		-	cents ($0.25) per one hundred dollars ($100) of assessed value;
3914		-	or
3915		-	(3) in the case of a political subdivision not described in
3916		-	subdivision (1) or (2), the political subdivision's total debt
3917		-	service tax rate is more than five cents ($0.05) per one
3918		-	hundred dollars ($100) of assessed value.
3919		-	However, this subsection does not apply to a project for which a
3920		-	public hearing to issue bonds or enter into a lease has been
3921		-	conducted under IC 20-26-7-37 before July 1, 2025. For purposes
3922		-	of this subsection, a political subdivision's total debt service tax
3923		-	rate does not include a tax rate imposed in a referendum debt
3924		-	service tax levy approved by voters.
3925		-	SECTION 66. IC 6-1.1-20-3.1, AS AMENDED BY P.L.136-2024,
3926		-	SECTION 23, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
3927		-	JULY 1, 2025]: Sec. 3.1. (a) Subject to section 3.5(a)(1)(C) of this
3928		-	chapter, this section applies only to the following:
3929		-	(1) A controlled project (as defined in section 1.1 of this chapter
3930		-	as in effect June 30, 2008) for which the proper officers of a
3931		-	political subdivision make a preliminary determination in the
3932		-	manner described in subsection (b) before July 1, 2008.
3933		-	(2) An elementary school building, middle school building, high
3934		-	school building, or other school building for academic instruction
3935		-	that:
3936		-	(A) is a controlled project;
3937		-	(B) will be used for any combination of kindergarten through
3938		-	grade 12; and
3939		-	(C) will not cost more than the lesser of the following:
3940		-	(i) The threshold amount determined under this item. In the
3941		-	case of an ordinance or resolution adopted before January 1,
3942		-	2018, making a preliminary determination to issue bonds or
3943		-	enter into a lease for the project, the threshold amount is ten
3944		-	million dollars ($10,000,000). In the case of an ordinance or
3945		-	resolution adopted after December 31, 2017, and before
3946		-	January 1, 2019, making a preliminary determination to
3947		-	issue bonds or enter into a lease for the project, the threshold
3948		-	amount is fifteen million dollars ($15,000,000). In the case
3949		-	of an ordinance or resolution adopted in a calendar year after
3950		-	SEA 1 — Concur 93
3951		-	December 31, 2018, making a preliminary determination to
3952		-	issue bonds or enter into a lease for the project, the threshold
3953		-	amount is an amount (as determined by the department of
3954		-	local government finance) equal to the result of the
3955		-	maximum levy growth quotient determined under
3956		-	IC 6-1.1-18.5-2 for the year multiplied by the threshold
3957		-	amount determined under this item for the preceding
3958		-	calendar year. In the case of a threshold amount determined
3959		-	under this item that applies for a calendar year after
3960		-	December 31, 2018, the department of local government
3961		-	finance shall publish the threshold in the Indiana Register
3962		-	under IC 4-22-7-7 not more than sixty (60) days after the
3963		-	date the budget agency releases the maximum levy growth
3964		-	quotient for the ensuing year under IC 6-1.1-18.5-2.
3965		-	(ii) An amount equal to one percent (1%) of the total gross
3966		-	assessed value of property within the political subdivision
3967		-	on the last assessment date, if that total gross assessed value
3968		-	is more than one billion dollars ($1,000,000,000), or ten
3969		-	million dollars ($10,000,000), if the total gross assessed
3970		-	value of property within the political subdivision on the last
3971		-	assessment date is not more than one billion dollars
3972		-	($1,000,000,000).
3973		-	(3) Any other controlled project that:
3974		-	(A) is not a controlled project described in subdivision (1) or
3975		-	(2); and
3976		-	(B) will not cost the political subdivision more than the lesser
3977		-	of the following:
3978		-	(i) The threshold amount determined under this item. In the
3979		-	case of an ordinance or resolution adopted before January 1,
3980		-	2018, making a preliminary determination to issue bonds or
3981		-	enter into a lease for the project, the threshold amount is
3982		-	twelve million dollars ($12,000,000). In the case of an
3983		-	ordinance or resolution adopted after December 31, 2017,
3984		-	and before January 1, 2019, making a preliminary
3985		-	determination to issue bonds or enter into a lease for the
3986		-	project, the threshold amount is fifteen million dollars
3987		-	($15,000,000). In the case of an ordinance or resolution
3988		-	adopted in a calendar year after December 31, 2018, making
3989		-	a preliminary determination to issue bonds or enter into a
3990		-	lease for the project, the threshold amount is an amount (as
3991		-	determined by the department of local government finance)
3992		-	equal to the result of the maximum levy growth quotient
3993		-	SEA 1 — Concur 94
3994		-	determined under IC 6-1.1-18.5-2 for the year multiplied by
3995		-	the threshold amount determined under this item for the
3996		-	preceding calendar year. In the case of a threshold amount
3997		-	determined under this item that applies for a calendar year
3998		-	after December 31, 2018, the department of local
3999		-	government finance shall publish the threshold in the
4000		-	Indiana Register under IC 4-22-7-7 not more than sixty (60)
4001		-	days after the date the budget agency releases the maximum
4002		-	levy growth quotient for the ensuing year under
4003		-	IC 6-1.1-18.5-2.
4004		-	(ii) An amount equal to one percent (1%) of the total gross
4005		-	assessed value of property within the political subdivision
4006		-	on the last assessment date, if that total gross assessed value
4007		-	is more than one hundred million dollars ($100,000,000), or
4008		-	one million dollars ($1,000,000), if the total gross assessed
4009		-	value of property within the political subdivision on the last
4010		-	assessment date is not more than one hundred million
4011		-	dollars ($100,000,000).
4012		-	(4) A controlled project funded by debt service if the scope of the
4013		-	project changes from the purpose of the project initially
4014		-	advertised to taxpayers as determined under section 4.2(c) of this
4015		-	chapter.
4016		-	(5) This subdivision does not apply to a project for which a public
4017		-	hearing to issue bonds or enter into a lease has been conducted
4018		-	under IC 20-26-7-37 before July 1, 2023, or to a project for
4019		-	which an ordinance or resolution making a preliminary
4020		-	determination to issue bonds or enter into a lease is adopted
4021		-	after June 30, 2025. Any other controlled project if both of the
4022		-	following apply:
4023		-	(A) The political subdivision's total debt service tax rate is
4024		-	more than forty cents ($0.40) per one hundred dollars ($100)
4025		-	of assessed value, but less than eighty cents ($0.80) per one
4026		-	hundred dollars ($100) of assessed value.
4027		-	(B) The controlled project is not otherwise described in section
4028		-	3.5(a)(1) of this chapter.
4029		-	This subdivision expires December 31, 2025. For purposes of this
4030		-	subdivision, a political subdivision's total debt service tax rate
4031		-	does not include a tax rate imposed in a referendum debt service
4032		-	levy approved by voters.
4033		-	(6) Any other controlled project if the following apply:
4034		-	(A) An ordinance or resolution making a preliminary
4035		-	determination to issue bonds or enter into a lease for the
4036		-	SEA 1 — Concur 95
4037		-	project is adopted after June 30, 2025.
4038		-	(B) The controlled project is not otherwise described in
4039		-	section 3.5(a)(1) of this chapter.
4040		-	(C) In the case of a:
4041		-	(i) school corporation, the school corporation's total debt
4042		-	service tax rate is more than forty cents ($0.40) per one
4043		-	hundred dollars ($100) of assessed value, but not more
4044		-	than seventy cents ($0.70) per one hundred dollars
4045		-	($100) of assessed value;
4046		-	(ii) city, county, or town, the city's, county's, or town's
4047		-	total debt service tax rate is more than twenty-five cents
4048		-	($0.25) per one hundred dollars ($100) of assessed value,
4049		-	but not more than forty cents ($0.40) per one hundred
4050		-	dollars ($100) of assessed value; or
4051		-	(iii) political subdivision not described in item (i) or (ii),
4052		-	the political subdivision's total debt service tax rate is
4053		-	more than five cents ($0.05) per one hundred dollars
4054		-	($100) of assessed value, but not more than ten cents
4055		-	($0.10) per one hundred dollars ($100) of assessed value.
4056		-	However, this subdivision does not apply to a project for
4057		-	which a public hearing to issue bonds or enter into a lease has
4058		-	been conducted under IC 20-26-7-37 before July 1, 2025. For
4059		-	purposes of this subdivision, a political subdivision's total debt
4060		-	service tax rate does not include a tax rate imposed in a
4061		-	referendum debt service tax levy approved by voters.
4062		-	(b) A political subdivision may not impose property taxes to pay
4063		-	debt service on bonds or lease rentals on a lease for a controlled project
4064		-	without completing the following procedures:
4065		-	(1) The proper officers of a political subdivision shall publish
4066		-	notice in accordance with IC 5-3-1 and send notice by first class
4067		-	mail to the circuit court clerk and to any organization that delivers
4068		-	to the officers, before January 1 of that year, an annual written
4069		-	request for such notices of any meeting to consider adoption of a
4070		-	resolution or an ordinance making a preliminary determination to
4071		-	issue bonds or enter into a lease and shall conduct at least two (2)
4072		-	public hearings on a preliminary determination before adoption
4073		-	of the resolution or ordinance. The political subdivision must at
4074		-	each of the public hearings on the preliminary determination
4075		-	allow the public to testify regarding the preliminary determination
4076		-	and must make the following information available to the public
4077		-	at each of the public hearings on the preliminary determination,
4078		-	in addition to any other information required by law:
4079		-	SEA 1 — Concur 96
4080		-	(A) The result of the political subdivision's current and
4081		-	projected annual debt service payments divided by the net
4082		-	assessed value of taxable property within the political
4083		-	subdivision.
4084		-	(B) The result of:
4085		-	(i) the sum of the political subdivision's outstanding long
4086		-	term debt plus the outstanding long term debt of other taxing
4087		-	units that include any of the territory of the political
4088		-	subdivision; divided by
4089		-	(ii) the net assessed value of taxable property within the
4090		-	political subdivision.
4091		-	(C) The information specified in subdivision (3)(A) through
4092		-	(3)(H).
4093		-	(2) When the proper officers of a political subdivision make a
4094		-	preliminary determination to issue bonds or enter into a lease for
4095		-	a controlled project, the officers shall give notice of the
4096		-	preliminary determination by:
4097		-	(A) publication in accordance with IC 5-3-1; and
4098		-	(B) first class mail to the circuit court clerk and to the
4099		-	organizations described in subdivision (1).
4100		-	(3) A notice under subdivision (2) of the preliminary
4101		-	determination of the political subdivision to issue bonds or enter
4102		-	into a lease for a controlled project must include the following
4103		-	information:
4104		-	(A) The maximum term of the bonds or lease.
4105		-	(B) The maximum principal amount of the bonds or the
4106		-	maximum lease rental for the lease.
4107		-	(C) The estimated interest rates that will be paid and the total
4108		-	interest costs associated with the bonds or lease.
4109		-	(D) The purpose of the bonds or lease.
4110		-	(E) A statement that any owners of property within the
4111		-	political subdivision or registered voters residing within the
4112		-	political subdivision who want to initiate a petition and
4113		-	remonstrance process against the proposed debt service or
4114		-	lease payments must file a petition that complies with
4115		-	subdivisions (4) and (5) not later than thirty (30) days after
4116		-	publication in accordance with IC 5-3-1.
4117		-	(F) With respect to bonds issued or a lease entered into to
4118		-	open:
4119		-	(i) a new school facility; or
4120		-	(ii) an existing facility that has not been used for at least
4121		-	three (3) years and that is being reopened to provide
4122		-	SEA 1 — Concur 97
4123		-	additional classroom space;
4124		-	the estimated costs the school corporation expects to incur
4125		-	annually to operate the facility.
4126		-	(G) A statement of whether the school corporation expects to
4127		-	appeal for a new facility adjustment (as defined in
4128		-	IC 20-45-1-16 (repealed) before January 1, 2009) for an
4129		-	increased maximum permissible tuition support levy to pay the
4130		-	estimated costs described in clause (F).
4131		-	(H) The following information:
4132		-	(i) The political subdivision's current debt service levy and
4133		-	rate.
4134		-	(ii) The estimated increase to the political subdivision's debt
4135		-	service levy and rate that will result if the political
4136		-	subdivision issues the bonds or enters into the lease.
4137		-	(iii) The estimated amount of the political subdivision's debt
4138		-	service levy and rate that will result during the following ten
4139		-	(10) years if the political subdivision issues the bonds or
4140		-	enters into the lease, after also considering any changes that
4141		-	will occur to the debt service levy and rate during that
4142		-	period on account of any outstanding bonds or lease
4143		-	obligations that will mature or terminate during that period.
4144		-	(I) The information specified in subdivision (1)(A) through
4145		-	(1)(B).
4146		-	(4) After notice is given, a petition requesting the application of
4147		-	a petition and remonstrance process may be filed by the lesser of:
4148		-	(A) five hundred (500) persons who are either owners of
4149		-	property within the political subdivision or registered voters
4150		-	residing within the political subdivision; or
4151		-	(B) five percent (5%) of the registered voters residing within
4152		-	the political subdivision.
4153		-	(5) The state board of accounts shall design and, upon request by
4154		-	the county voter registration office, deliver to the county voter
4155		-	registration office or the county voter registration office's
4156		-	designated printer the petition forms to be used solely in the
4157		-	petition process described in this section. The county voter
4158		-	registration office shall issue to an owner or owners of property
4159		-	within the political subdivision or a registered voter residing
4160		-	within the political subdivision the number of petition forms
4161		-	requested by the owner or owners or the registered voter. Each
4162		-	form must be accompanied by instructions detailing the
4163		-	requirements that:
4164		-	(A) the carrier and signers must be owners of property or
4165		-	SEA 1 — Concur 98
4166		-	registered voters;
4167		-	(B) the carrier must be a signatory on at least one (1) petition;
4168		-	(C) after the signatures have been collected, the carrier must
4169		-	swear or affirm before a notary public that the carrier
4170		-	witnessed each signature; and
4171		-	(D) govern the closing date for the petition period.
4172		-	Persons requesting forms may be required to identify themselves
4173		-	as owners of property or registered voters and may be allowed to
4174		-	pick up additional copies to distribute to other owners of property
4175		-	or registered voters. Each person signing a petition must indicate
4176		-	whether the person is signing the petition as a registered voter
4177		-	within the political subdivision or is signing the petition as the
4178		-	owner of property within the political subdivision. A person who
4179		-	signs a petition as a registered voter must indicate the address at
4180		-	which the person is registered to vote. A person who signs a
4181		-	petition as an owner of property must indicate the address of the
4182		-	property owned by the person in the political subdivision.
4183		-	(6) Each petition must be verified under oath by at least one (1)
4184		-	qualified petitioner in a manner prescribed by the state board of
4185		-	accounts before the petition is filed with the county voter
4186		-	registration office under subdivision (7).
4187		-	(7) Each petition must be filed with the county voter registration
4188		-	office not more than thirty (30) days after publication under
4189		-	subdivision (2) of the notice of the preliminary determination.
4190		-	(8) The county voter registration office shall determine whether
4191		-	each person who signed the petition is a registered voter.
4192		-	However, after the county voter registration office has determined
4193		-	that at least five hundred twenty-five (525) persons who signed
4194		-	the petition are registered voters within the political subdivision,
4195		-	the county voter registration office is not required to verify
4196		-	whether the remaining persons who signed the petition are
4197		-	registered voters. If the county voter registration office does not
4198		-	determine that at least five hundred twenty-five (525) persons
4199		-	who signed the petition are registered voters, the county voter
4200		-	registration office shall, not more than fifteen (15) business days
4201		-	after receiving a petition, forward a copy of the petition to the
4202		-	county auditor. Not more than ten (10) business days after
4203		-	receiving the copy of the petition, the county auditor shall provide
4204		-	to the county voter registration office a statement verifying:
4205		-	(A) whether a person who signed the petition as a registered
4206		-	voter but is not a registered voter, as determined by the county
4207		-	voter registration office, is the owner of property in the
4208		-	SEA 1 — Concur 99
4209		-	political subdivision; and
4210		-	(B) whether a person who signed the petition as an owner of
4211		-	property within the political subdivision does in fact own
4212		-	property within the political subdivision.
4213		-	(9) The county voter registration office, not more than ten (10)
4214		-	business days after determining that at least five hundred
4215		-	twenty-five (525) persons who signed the petition are registered
4216		-	voters or receiving the statement from the county auditor under
4217		-	subdivision (8), as applicable, shall make the final determination
4218		-	of the number of petitioners that are registered voters in the
4219		-	political subdivision and, based on the statement provided by the
4220		-	county auditor, the number of petitioners that own property within
4221		-	the political subdivision. Whenever the name of an individual
4222		-	who signs a petition form as a registered voter contains a minor
4223		-	variation from the name of the registered voter as set forth in the
4224		-	records of the county voter registration office, the signature is
4225		-	presumed to be valid, and there is a presumption that the
4226		-	individual is entitled to sign the petition under this section. Except
4227		-	as otherwise provided in this chapter, in determining whether an
4228		-	individual is a registered voter, the county voter registration office
4229		-	shall apply the requirements and procedures used under IC 3 to
4230		-	determine whether a person is a registered voter for purposes of
4231		-	voting in an election governed by IC 3. However, an individual is
4232		-	not required to comply with the provisions concerning providing
4233		-	proof of identification to be considered a registered voter for
4234		-	purposes of this chapter. A person is entitled to sign a petition
4235		-	only one (1) time in a particular petition and remonstrance
4236		-	process under this chapter, regardless of whether the person owns
4237		-	more than one (1) parcel of real property, mobile home assessed
4238		-	as personal property, or manufactured home assessed as personal
4239		-	property, or a combination of those types of property within the
4240		-	subdivision and regardless of whether the person is both a
4241		-	registered voter in the political subdivision and the owner of
4242		-	property within the political subdivision. Notwithstanding any
4243		-	other provision of this section, if a petition is presented to the
4244		-	county voter registration office within forty-five (45) days before
4245		-	an election, the county voter registration office may defer acting
4246		-	on the petition, and the time requirements under this section for
4247		-	action by the county voter registration office do not begin to run
4248		-	until five (5) days after the date of the election.
4249		-	(10) The county voter registration office must file a certificate and
4250		-	each petition with:
4251		-	SEA 1 — Concur 100
4252		-	(A) the township trustee, if the political subdivision is a
4253		-	township, who shall present the petition or petitions to the
4254		-	township board; or
4255		-	(B) the body that has the authority to authorize the issuance of
4256		-	the bonds or the execution of a lease, if the political
4257		-	subdivision is not a township;
4258		-	within thirty-five (35) business days of the filing of the petition
4259		-	requesting a petition and remonstrance process. The certificate
4260		-	must state the number of petitioners that are owners of property
4261		-	within the political subdivision and the number of petitioners who
4262		-	are registered voters residing within the political subdivision.
4263		-	If a sufficient petition requesting a petition and remonstrance process
4264		-	is not filed by owners of property or registered voters as set forth in this
4265		-	section, the political subdivision may issue bonds or enter into a lease
4266		-	by following the provisions of law relating to the bonds to be issued or
4267		-	lease to be entered into.
4268		-	(c) A political subdivision may not divide a controlled project in
4269		-	order to avoid the requirements of this section and section 3.2 of this
4270		-	chapter. A person that owns property within a political subdivision or
4271		-	a person that is a registered voter residing within a political subdivision
4272		-	may file a petition with the department of local government finance
4273		-	objecting that the political subdivision has divided a controlled project
4274		-	in order to avoid the requirements of this section and section 3.2 of this
4275		-	chapter. The petition must be filed not more than ten (10) days after the
4276		-	political subdivision gives notice of the political subdivision's decision
4277		-	to issue bonds or enter into leases for a capital project that the person
4278		-	believes is the result of a division of a controlled project that is
4279		-	prohibited by this subsection. If the department of local government
4280		-	finance receives a petition under this subsection, the department shall
4281		-	not later than thirty (30) days after receiving the petition make a final
4282		-	determination on the issue of whether the political subdivision divided
4283		-	a controlled project in order to avoid the requirements of this section
4284		-	and section 3.2 of this chapter. If the department of local government
4285		-	finance determines that a political subdivision divided a controlled
4286		-	project in order to avoid the requirements of this section and section
4287		-	3.2 of this chapter and the political subdivision continues to desire to
4288		-	proceed with the project, the political subdivision shall fulfill the
4289		-	requirements of this section and section 3.2 of this chapter, if
4290		-	applicable, regardless of the cost of the project in dispute. A political
4291		-	subdivision shall be considered to have divided a capital project in
4292		-	order to avoid the requirements of this section and section 3.2 of this
4293		-	chapter if the result of one (1) or more of the subprojects cannot
4294		-	SEA 1 — Concur 101
4295		-	reasonably be considered an independently desirable end in itself
4296		-	without reference to another capital project. This subsection does not
4297		-	prohibit a political subdivision from undertaking a series of capital
4298		-	projects in which the result of each capital project can reasonably be
4299		-	considered an independently desirable end in itself without reference
4300		-	to another capital project.
4301		-	SECTION 67. IC 6-1.1-20-3.5, AS AMENDED BY P.L.136-2024,
4302		-	SECTION 24, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
4303		-	JULY 1, 2025]: Sec. 3.5. (a) This section applies only to a controlled
4304		-	project that meets the following conditions:
4305		-	(1) The controlled project is described in one (1) of the following
4306		-	categories:
4307		-	(A) An elementary school building, middle school building,
4308		-	high school building, or other school building for academic
4309		-	instruction that will be used for any combination of
4310		-	kindergarten through grade 12 and will cost more than the
4311		-	lesser of the following:
4312		-	(i) The threshold amount determined under this item. In the
4313		-	case of an ordinance or resolution adopted before January 1,
4314		-	2018, making a preliminary determination to issue bonds or
4315		-	enter into a lease for the project, the threshold amount is ten
4316		-	million dollars ($10,000,000). In the case of an ordinance or
4317		-	resolution adopted after December 31, 2017, and before
4318		-	January 1, 2019, making a preliminary determination to
4319		-	issue bonds or enter into a lease for the project, the threshold
4320		-	amount is fifteen million dollars ($15,000,000). In the case
4321		-	of an ordinance or resolution adopted in a calendar year after
4322		-	December 31, 2018, making a preliminary determination to
4323		-	issue bonds or enter into a lease for the project, the threshold
4324		-	amount is an amount (as determined by the department of
4325		-	local government finance) equal to the result of the
4326		-	maximum levy growth quotient determined under
4327		-	IC 6-1.1-18.5-2 for the year multiplied by the threshold
4328		-	amount determined under this item for the preceding
4329		-	calendar year. In the case of a threshold amount determined
4330		-	under this item that applies for a calendar year after
4331		-	December 31, 2018, the department of local government
4332		-	finance shall publish the threshold in the Indiana Register
4333		-	under IC 4-22-7-7 not more than sixty (60) days after the
4334		-	date the budget agency releases the maximum levy growth
4335		-	quotient for the ensuing year under IC 6-1.1-18.5-2.
4336		-	(ii) An amount equal to one percent (1%) of the total gross
4337		-	SEA 1 — Concur 102
4338		-	assessed value of property within the political subdivision
4339		-	on the last assessment date, if that total gross assessed value
4340		-	is more than one billion dollars ($1,000,000,000), or ten
4341		-	million dollars ($10,000,000), if the total gross assessed
4342		-	value of property within the political subdivision on the last
4343		-	assessment date is not more than one billion dollars
4344		-	($1,000,000,000).
4345		-	(B) Any other controlled project that is not a controlled project
4346		-	described in clause (A) and will cost the political subdivision
4347		-	more than the lesser of the following:
4348		-	(i) The threshold amount determined under this item. In the
4349		-	case of an ordinance or resolution adopted before January 1,
4350		-	2018, making a preliminary determination to issue bonds or
4351		-	enter into a lease for the project, the threshold amount is
4352		-	twelve million dollars ($12,000,000). In the case of an
4353		-	ordinance or resolution adopted after December 31, 2017,
4354		-	and before January 1, 2019, making a preliminary
4355		-	determination to issue bonds or enter into a lease for the
4356		-	project, the threshold amount is fifteen million dollars
4357		-	($15,000,000). In the case of an ordinance or resolution
4358		-	adopted in a calendar year after December 31, 2018, making
4359		-	a preliminary determination to issue bonds or enter into a
4360		-	lease for the project, the threshold amount is an amount (as
4361		-	determined by the department of local government finance)
4362		-	equal to the result of the maximum levy growth quotient
4363		-	determined under IC 6-1.1-18.5-2 for the year multiplied by
4364		-	the threshold amount determined under this item for the
4365		-	preceding calendar year. In the case of a threshold amount
4366		-	determined under this item that applies for a calendar year
4367		-	after December 31, 2018, the department of local
4368		-	government finance shall publish the threshold in the
4369		-	Indiana Register under IC 4-22-7-7 not more than sixty (60)
4370		-	days after the date the budget agency releases the maximum
4371		-	levy growth quotient for the ensuing year under
4372		-	IC 6-1.1-18.5-2.
4373		-	(ii) An amount equal to one percent (1%) of the total gross
4374		-	assessed value of property within the political subdivision
4375		-	on the last assessment date, if that total gross assessed value
4376		-	is more than one hundred million dollars ($100,000,000), or
4377		-	one million dollars ($1,000,000), if the total gross assessed
4378		-	value of property within the political subdivision on the last
4379		-	assessment date is not more than one hundred million
4380		-	SEA 1 — Concur 103
4381		-	dollars ($100,000,000).
4382		-	(C) Any other controlled project for which a political
4383		-	subdivision adopts an ordinance or resolution making a
4384		-	preliminary determination to issue bonds or enter into a lease
4385		-	for the project, if the sum of:
4386		-	(i) the cost of that controlled project; plus
4387		-	(ii) the costs of all other controlled projects for which the
4388		-	political subdivision has previously adopted within the
4389		-	preceding three hundred sixty-five (365) days an ordinance
4390		-	or resolution making a preliminary determination to issue
4391		-	bonds or enter into a lease for those other controlled
4392		-	projects;
4393		-	exceeds twenty-five million dollars ($25,000,000).
4394		-	(D) A controlled project funded by debt service if the scope of
4395		-	the project changes from the purpose of the project initially
4396		-	advertised to taxpayers as determined under section 4.3(c) of
4397		-	this chapter.
4398		-	(E) This clause does not apply to a project for which a public
4399		-	hearing to issue bonds or enter into a lease has been conducted
4400		-	under IC 20-26-7-37 before July 1, 2023, or to a project for
4401		-	which an ordinance or resolution making a preliminary
4402		-	determination to issue bonds or enter into a lease is
4403		-	adopted after June 30, 2025. Except as provided in section
4404		-	4.5 of this chapter, any other controlled project if the political
4405		-	subdivision's total debt service tax rate is at least eighty cents
4406		-	($0.80) per one hundred dollars ($100) of assessed value. This
4407		-	clause expires December 31, 2025. For purposes of this clause,
4408		-	a political subdivision's total debt service tax rate does not
4409		-	include a tax rate imposed in a referendum debt service tax
4410		-	levy approved by voters.
4411		-	(F) Except as provided in section 4.5 of this chapter, any
4412		-	other project for which an ordinance or resolution making
4413		-	a preliminary determination to issue bonds or enter into a
4414		-	lease is adopted after June 30, 2025, if:
4415		-	(i) in the case of a school corporation, the school
4416		-	corporation's total debt service tax rate is more than
4417		-	seventy cents ($0.70) per one hundred dollars ($100) of
4418		-	assessed value;
4419		-	(ii) in the case of a city, county, or town, the city's,
4420		-	county's, or town's total debt service tax rate is more
4421		-	than forty cents ($0.40) per one hundred dollars ($100)
4422		-	of assessed value; or
4423		-	SEA 1 — Concur 104
4424		-	(iii) in the case of a political subdivision not described in
4425		-	item (i) or (ii), the political subdivision's total debt
4426		-	service tax rate is more than ten cents ($0.10) per one
4427		-	hundred dollars ($100) of assessed value.
4428		-	However, this clause does not apply to a project for which
4429		-	a public hearing to issue bonds or enter into a lease has
4430		-	been conducted under IC 20-26-7-37 before July 1, 2025.
4431		-	For purposes of this clause, a political subdivision's total
4432		-	debt service tax rate does not include a tax rate imposed in
4433		-	a referendum debt service tax levy approved by voters.
4434		-	(2) The proper officers of the political subdivision make a
4435		-	preliminary determination after June 30, 2008, in the manner
4436		-	described in subsection (b) to issue bonds or enter into a lease for
4437		-	the controlled project.
4438		-	(b) Subject to subsection (d), a political subdivision may not impose
4439		-	property taxes to pay debt service on bonds or lease rentals on a lease
4440		-	for a controlled project without completing the following procedures:
4441		-	(1) The proper officers of a political subdivision shall publish
4442		-	notice in accordance with IC 5-3-1 and send notice by first class
4443		-	mail to the circuit court clerk and to any organization that delivers
4444		-	to the officers, before January 1 of that year, an annual written
4445		-	request for notices of any meeting to consider the adoption of an
4446		-	ordinance or a resolution making a preliminary determination to
4447		-	issue bonds or enter into a lease and shall conduct at least two (2)
4448		-	public hearings on the preliminary determination before adoption
4449		-	of the ordinance or resolution. The political subdivision must at
4450		-	each of the public hearings on the preliminary determination
4451		-	allow the public to testify regarding the preliminary determination
4452		-	and must make the following information available to the public
4453		-	at each of the public hearings on the preliminary determination,
4454		-	in addition to any other information required by law:
4455		-	(A) The result of the political subdivision's current and
4456		-	projected annual debt service payments divided by the net
4457		-	assessed value of taxable property within the political
4458		-	subdivision.
4459		-	(B) The result of:
4460		-	(i) the sum of the political subdivision's outstanding long
4461		-	term debt plus the outstanding long term debt of other taxing
4462		-	units that include any of the territory of the political
4463		-	subdivision; divided by
4464		-	(ii) the net assessed value of taxable property within the
4465		-	political subdivision.
4466		-	SEA 1 — Concur 105
4467		-	(C) The information specified in subdivision (3)(A) through
4468		-	(3)(G).
4469		-	(2) If the proper officers of a political subdivision make a
4470		-	preliminary determination to issue bonds or enter into a lease, the
4471		-	officers shall give notice of the preliminary determination by:
4472		-	(A) publication in accordance with IC 5-3-1; and
4473		-	(B) first class mail to the circuit court clerk and to the
4474		-	organizations described in subdivision (1).
4475		-	(3) A notice under subdivision (2) of the preliminary
4476		-	determination of the political subdivision to issue bonds or enter
4477		-	into a lease must include the following information:
4478		-	(A) The maximum term of the bonds or lease.
4479		-	(B) The maximum principal amount of the bonds or the
4480		-	maximum lease rental for the lease.
4481		-	(C) The estimated interest rates that will be paid and the total
4482		-	interest costs associated with the bonds or lease.
4483		-	(D) The purpose of the bonds or lease.
4484		-	(E) A statement that the proposed debt service or lease
4485		-	payments must be approved in an election on a local public
4486		-	question held under section 3.6 of this chapter.
4487		-	(F) With respect to bonds issued or a lease entered into to
4488		-	open:
4489		-	(i) a new school facility; or
4490		-	(ii) an existing facility that has not been used for at least
4491		-	three (3) years and that is being reopened to provide
4492		-	additional classroom space;
4493		-	the estimated costs the school corporation expects to annually
4494		-	incur to operate the facility.
4495		-	(G) The following information:
4496		-	(i) The political subdivision's current debt service levy and
4497		-	rate.
4498		-	(ii) The estimated increase to the political subdivision's debt
4499		-	service levy and rate that will result if the political
4500		-	subdivision issues the bonds or enters into the lease.
4501		-	(iii) The estimated amount of the political subdivision's debt
4502		-	service levy and rate that will result during the following ten
4503		-	(10) years if the political subdivision issues the bonds or
4504		-	enters into the lease, after also considering any changes that
4505		-	will occur to the debt service levy and rate during that
4506		-	period on account of any outstanding bonds or lease
4507		-	obligations that will mature or terminate during that period.
4508		-	(H) The information specified in subdivision (1)(A) through
4509		-	SEA 1 — Concur 106
4510		-	(1)(B).
4511		-	(4) This subdivision does not apply to a controlled project
4512		-	described in subsection (a)(1)(E) (before its expiration) or
4513		-	subsection (a)(1)(F). After notice is given, a petition requesting
4514		-	the application of the local public question process under section
4515		-	3.6 of this chapter may be filed by the lesser of:
4516		-	(A) five hundred (500) persons who are either owners of
4517		-	property within the political subdivision or registered voters
4518		-	residing within the political subdivision; or
4519		-	(B) five percent (5%) of the registered voters residing within
4520		-	the political subdivision.
4521		-	(5) This subdivision does not apply to a controlled project
4522		-	described in subsection (a)(1)(E) (before its expiration) or
4523		-	subsection (a)(1)(F). The state board of accounts shall design
4524		-	and, upon request by the county voter registration office, deliver
4525		-	to the county voter registration office or the county voter
4526		-	registration office's designated printer the petition forms to be
4527		-	used solely in the petition process described in this section. The
4528		-	county voter registration office shall issue to an owner or owners
4529		-	of property within the political subdivision or a registered voter
4530		-	residing within the political subdivision the number of petition
4531		-	forms requested by the owner or owners or the registered voter.
4532		-	Each form must be accompanied by instructions detailing the
4533		-	requirements that:
4534		-	(A) the carrier and signers must be owners of property or
4535		-	registered voters;
4536		-	(B) the carrier must be a signatory on at least one (1) petition;
4537		-	(C) after the signatures have been collected, the carrier must
4538		-	swear or affirm before a notary public that the carrier
4539		-	witnessed each signature; and
4540		-	(D) govern the closing date for the petition period.
4541		-	Persons requesting forms may be required to identify themselves
4542		-	as owners of property or registered voters and may be allowed to
4543		-	pick up additional copies to distribute to other owners of property
4544		-	or registered voters. Each person signing a petition must indicate
4545		-	whether the person is signing the petition as a registered voter
4546		-	within the political subdivision or is signing the petition as the
4547		-	owner of property within the political subdivision. A person who
4548		-	signs a petition as a registered voter must indicate the address at
4549		-	which the person is registered to vote. A person who signs a
4550		-	petition as an owner of property must indicate the address of the
4551		-	property owned by the person in the political subdivision.
4552		-	SEA 1 — Concur 107
4553		-	(6) This subdivision does not apply to a controlled project
4554		-	described in subsection (a)(1)(E) (before its expiration) or
4555		-	subsection (a)(1)(F). Each petition must be verified under oath
4556		-	by at least one (1) qualified petitioner in a manner prescribed by
4557		-	the state board of accounts before the petition is filed with the
4558		-	county voter registration office under subdivision (7).
4559		-	(7) This subdivision does not apply to a controlled project
4560		-	described in subsection (a)(1)(E) (before its expiration) or
4561		-	subsection (a)(1)(F). Each petition must be filed with the county
4562		-	voter registration office not more than thirty (30) days after
4563		-	publication under subdivision (2) of the notice of the preliminary
4564		-	determination.
4565		-	(8) This subdivision does not apply to a controlled project
4566		-	described in subsection (a)(1)(E) (before its expiration) or
4567		-	subsection (a)(1)(F). The county voter registration office shall
4568		-	determine whether each person who signed the petition is a
4569		-	registered voter. However, after the county voter registration
4570		-	office has determined that at least five hundred twenty-five (525)
4571		-	persons who signed the petition are registered voters within the
4572		-	political subdivision, the county voter registration office is not
4573		-	required to verify whether the remaining persons who signed the
4574		-	petition are registered voters. If the county voter registration
4575		-	office does not determine that at least five hundred twenty-five
4576		-	(525) persons who signed the petition are registered voters, the
4577		-	county voter registration office, not more than fifteen (15)
4578		-	business days after receiving a petition, shall forward a copy of
4579		-	the petition to the county auditor. Not more than ten (10) business
4580		-	days after receiving the copy of the petition, the county auditor
4581		-	shall provide to the county voter registration office a statement
4582		-	verifying:
4583		-	(A) whether a person who signed the petition as a registered
4584		-	voter but is not a registered voter, as determined by the county
4585		-	voter registration office, is the owner of property in the
4586		-	political subdivision; and
4587		-	(B) whether a person who signed the petition as an owner of
4588		-	property within the political subdivision does in fact own
4589		-	property within the political subdivision.
4590		-	(9) This subdivision does not apply to a controlled project
4591		-	described in subsection (a)(1)(E) (before its expiration) or
4592		-	subsection (a)(1)(F). The county voter registration office, not
4593		-	more than ten (10) business days after determining that at least
4594		-	five hundred twenty-five (525) persons who signed the petition
4595		-	SEA 1 — Concur 108
4596		-	are registered voters or after receiving the statement from the
4597		-	county auditor under subdivision (8), as applicable, shall make
4598		-	the final determination of whether a sufficient number of persons
4599		-	have signed the petition. Whenever the name of an individual who
4600		-	signs a petition form as a registered voter contains a minor
4601		-	variation from the name of the registered voter as set forth in the
4602		-	records of the county voter registration office, the signature is
4603		-	presumed to be valid, and there is a presumption that the
4604		-	individual is entitled to sign the petition under this section. Except
4605		-	as otherwise provided in this chapter, in determining whether an
4606		-	individual is a registered voter, the county voter registration office
4607		-	shall apply the requirements and procedures used under IC 3 to
4608		-	determine whether a person is a registered voter for purposes of
4609		-	voting in an election governed by IC 3. However, an individual is
4610		-	not required to comply with the provisions concerning providing
4611		-	proof of identification to be considered a registered voter for
4612		-	purposes of this chapter. A person is entitled to sign a petition
4613		-	only one (1) time in a particular referendum process under this
4614		-	chapter, regardless of whether the person owns more than one (1)
4615		-	parcel of real property, mobile home assessed as personal
4616		-	property, or manufactured home assessed as personal property or
4617		-	a combination of those types of property within the political
4618		-	subdivision and regardless of whether the person is both a
4619		-	registered voter in the political subdivision and the owner of
4620		-	property within the political subdivision. Notwithstanding any
4621		-	other provision of this section, if a petition is presented to the
4622		-	county voter registration office within forty-five (45) days before
4623		-	an election, the county voter registration office may defer acting
4624		-	on the petition, and the time requirements under this section for
4625		-	action by the county voter registration office do not begin to run
4626		-	until five (5) days after the date of the election.
4627		-	(10) This subdivision does not apply to a controlled project
4628		-	described in subsection (a)(1)(E) (before its expiration) or
4629		-	subsection (a)(1)(F). The county voter registration office must
4630		-	file a certificate and each petition with:
4631		-	(A) the township trustee, if the political subdivision is a
4632		-	township, who shall present the petition or petitions to the
4633		-	township board; or
4634		-	(B) the body that has the authority to authorize the issuance of
4635		-	the bonds or the execution of a lease, if the political
4636		-	subdivision is not a township;
4637		-	within thirty-five (35) business days of the filing of the petition
4638		-	SEA 1 — Concur 109
4639		-	requesting the referendum process. The certificate must state the
4640		-	number of petitioners who are owners of property within the
4641		-	political subdivision and the number of petitioners who are
4642		-	registered voters residing within the political subdivision.
4643		-	(11) This subdivision does not apply to a controlled project
4644		-	described in subsection (a)(1)(E) (before its expiration) or
4645		-	subsection (a)(1)(F). If a sufficient petition requesting the local
4646		-	public question process is not filed by owners of property or
4647		-	registered voters as set forth in this section, the political
4648		-	subdivision may issue bonds or enter into a lease by following the
4649		-	provisions of law relating to the bonds to be issued or lease to be
4650		-	entered into.
4651		-	(c) If the proper officers of a political subdivision make a
4652		-	preliminary determination to issue bonds or enter into a lease, the
4653		-	officers shall provide to the county auditor:
4654		-	(1) a copy of the notice required by subsection (b)(2); and
4655		-	(2) any other information the county auditor requires to fulfill the
4656		-	county auditor's duties under section 3.6 of this chapter.
4657		-	(d) In addition to the procedures in subsection (b), if any capital
4658		-	improvement components addressed in the most recent:
4659		-	(1) threat assessment of the buildings within the school
4660		-	corporation; or
4661		-	(2) school safety plan (as described in IC 20-26-18.2-2(b));
4662		-	concerning a particular school have not been completed or require
4663		-	additional funding to be completed, before the school corporation may
4664		-	impose property taxes to pay debt service on bonds or lease rentals for
4665		-	a lease for a controlled project, and in addition to any other components
4666		-	of the controlled project, the controlled project must include any capital
4667		-	improvements necessary to complete those components described in
4668		-	subdivisions (1) and (2) that have not been completed or that require
4669		-	additional funding to be completed.
4670		-	(e) In addition to the other procedures in this section, an ordinance
4671		-	or resolution making a preliminary determination to issue bonds or
4672		-	enter into leases that is considered for adoption must include a
4673		-	statement of:
4674		-	(1) the maximum annual debt service for the controlled project for
4675		-	each year in which the debt service will be paid; and
4676		-	(2) the schedule of the estimated annual tax levy and rate over a
4677		-	ten (10) year period;
4678		-	factoring in changes that will occur to the debt service levy and tax rate
4679		-	during the period on account of any outstanding bonds or lease
4680		-	obligations that will mature or terminate during the period.
4681		-	SEA 1 — Concur 110
4682		-	SECTION 68. IC 6-1.1-20-3.6, AS AMENDED BY P.L.136-2024,
4683		-	SECTION 25, AND AS AMENDED BY P.L.156-2024, SECTION 17,
4684		-	AND AS AMENDED BY THE TECHNICAL CORRECTIONS BILL
4685		-	OF THE 2025 GENERAL ASSEMBLY, IS CORRECTED AND
4686		-	AMENDED TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2025]:
4687		-	Sec. 3.6. (a) Except as provided in sections 3.7 and 3.8 of this chapter,
4688		-	this section applies only to a controlled project described in section
4689		-	3.5(a) of this chapter.
4690		-	(b) In the case of a controlled project:
4691		-	(1) described in section 3.5(a)(1)(A) through 3.5(a)(1)(C) of this
4692		-	chapter, if a sufficient petition requesting the application of the
4693		-	local public question process has been filed as set forth in section
4694		-	3.5 of this chapter; or
4695		-	(2) described in section 3.5(a)(1)(D) 3.5(a)(1)(E) (before its
4696		-	expiration) or 3.5(a)(1)(F) of this chapter; (before its expiration);
4697		-	a political subdivision may not impose property taxes to pay debt
4698		-	service on bonds or lease rentals on a lease for a controlled project
4699		-	unless the political subdivision's proposed debt service or lease rental
4700		-	is approved in an election on a local public question held under this
4701		-	section.
4702		-	(c) Except as provided in subsection (k), the following question
4703		-	shall be submitted to the eligible voters at the election conducted under
4704		-	this section:
4705		-	"Shall ________ (insert the name of the political subdivision)
4706		-	increase property taxes paid to the _______ (insert the type of
4707		-	taxing unit) by homeowners and businesses? If this public
4708		-	question is approved by the voters, the average property tax paid
4709		-	to the _______ (insert the type of taxing unit) per year on a
4710		-	residence would increase by ______% (insert the estimated
4711		-	average percentage of property tax increase paid to the political
4712		-	subdivision on a residence within the political subdivision as
4713		-	determined under subsection (n)) and the average property tax
4714		-	paid to the _____ (insert the type of taxing unit) per year on a
4715		-	business property would increase by ______% (insert the
4716		-	estimated average percentage of property tax increase paid to the
4717		-	political subdivision on a business property within the political
4718		-	subdivision as determined under subsection (o)). The political
4719		-	subdivision may issue bonds or enter into a lease to ________
4720		-	(insert a brief description of the controlled project), which is
4721		-	estimated to cost _______ (insert the total cost of the project)
4722		-	over ______ (insert number of years to bond maturity or
4723		-	termination of lease) years. The most recent property tax
4724		-	SEA 1 — Concur 111
4725		-	referendum within the boundaries of the political subdivision for
4726		-	which this public question is being considered was proposed by
4727		-	________ (insert name of political subdivision) in ______ (insert
4728		-	year of most recent property tax referendum) and ________
4729		-	(insert whether the measure passed or failed).".
4730		-	"Shall ________ (insert the name of the political subdivision)
4731		-	increase property taxes paid to the _______ (insert the type of
4732		-	political subdivision) for no more than ______ (insert the
4733		-	number of years immediately following the holding of the
4734		-	referendum) years for the purpose of funding _______ (insert
4735		-	a brief description of the project use or purpose) for which the
4736		-	principal debt amount for the project will cost no more than
4737		-	______ (insert the total cost of the project principal amount)
4738		-	and the financing cost including interest and fees will cost no
4739		-	more than an additional ______ (insert the total financing
4740		-	costs including interest and fees) and is estimated to increase
4741		-	the property taxes paid to the ______ (insert the type of
4742		-	political subdivision) by imposing a property tax rate that
4743		-	results in a maximum annual amount that does not exceed
4744		-	______ (insert maximum amount of annual levy). If this
4745		-	capital referendum public question is approved by the voters,
4746		-	for a median residence of ______ (insert the political
4747		-	subdivision's median household assessed value, rounded up to
4748		-	the next fifty thousand dollars ($50,000)), the property's
4749		-	annual property tax bill would increase by ______ (insert
4750		-	dollar amount, rounded up to the next whole dollar) per
4751		-	year.".
4752		-	The public question must appear on the ballot in the form approved by
4753		-	the county election board. If the political subdivision proposing to issue
4754		-	bonds or enter into a lease is located in more than one (1) county, the
4755		-	county election board of each county shall jointly approve the form of
4756		-	the public question that will appear on the ballot in each county. The
4757		-	form approved by the county election board may differ from the
4758		-	language certified to the county election board by the county auditor.
4759		-	If the county election board approves the language of a public question
4760		-	under this subsection, the county election board shall submit the
4761		-	language and the certification of the county auditor described in
4762		-	subsection (p) to the department of local government finance for
4763		-	review.
4764		-	(d) The department of local government finance shall review the
4765		-	language of the public question to evaluate whether the description of
4766		-	the controlled project is accurate and is not biased against either a vote
4767		-	SEA 1 — Concur 112
4768		-	in favor of the controlled project or a vote against the controlled
4769		-	project. The department of local government finance shall post the
4770		-	estimated average percentage of property tax increases to be paid to a
4771		-	political subdivision on a residence and business property that are
4772		-	certified by the county auditor under subsection (p) on the department's
4773		-	Internet web site. website. The department of local government finance
4774		-	may either approve the ballot language as submitted or recommend that
4775		-	the ballot language be modified as necessary to ensure that the
4776		-	description of the controlled project is accurate and is not biased. The
4777		-	department of local government finance shall certify its approval or
4778		-	recommendations to the county auditor and the county election board
4779		-	not more than ten (10) days after both the certification of the county
4780		-	auditor described in subsection (p) and the language of the public
4781		-	question is are submitted to the department for review. If the
4782		-	department of local government finance recommends a modification to
4783		-	the ballot language, the county election board shall, after reviewing the
4784		-	recommendations of the department of local government finance,
4785		-	submit modified ballot language to the department for the department's
4786		-	approval or recommendation of any additional modifications. The
4787		-	public question may not be certified by the county auditor under
4788		-	subsection (e) unless the department of local government finance has
4789		-	first certified the department's final approval of the ballot language for
4790		-	the public question.
4791		-	(e) The county auditor shall certify the finally approved public
4792		-	question under IC 3-10-9-3 to the county election board of each county
4793		-	in which the political subdivision is located. The certification must
4794		-	occur not later than noon August 1.
4795		-	(1) seventy-four (74) days before a primary election if the public
4796		-	question is to be placed on the primary or municipal primary
4797		-	election ballot; or
4798		-	(2) August 1 if the public question is to be placed on the general
4799		-	or municipal election ballot.
4800		-	Subject to the certification requirements and deadlines under this
4801		-	subsection and except as provided in subsection (j), the public question
4802		-	shall be placed on the ballot at the next primary election, general
4803		-	election. or municipal election in which all voters of the political
4804		-	subdivision are entitled to vote. However, if a primary election, general
4805		-	election, or municipal election will not be held during the first year in
4806		-	which the public question is eligible to be placed on the ballot under
4807		-	this section and if the political subdivision requests the public question
4808		-	to be placed on the ballot at a special election, the public question shall
4809		-	be placed on the ballot at a special election to be held on the first
4810		-	SEA 1 — Concur 113
4811		-	Tuesday after the first Monday in May or November of the year. The
4812		-	certification must occur not later than noon seventy-four (74) days
4813		-	before a special election to be held in May (if the special election is to
4814		-	be held in May) or noon on August 1 (if the special election is to be
4815		-	held in November). The fiscal body of the political subdivision that
4816		-	requests the special election shall pay the costs of holding the special
4817		-	election. The county election board shall give notice under IC 5-3-1 of
4818		-	a special election conducted under this subsection. A special election
4819		-	conducted under this subsection is under the direction of the county
4820		-	election board. The county election board shall take all steps necessary
4821		-	to carry out the special election.
4822		-	(f) The circuit court clerk shall certify the results of the public
4823		-	question to the following:
4824		-	(1) The county auditor of each county in which the political
4825		-	subdivision is located.
4826		-	(2) The department of local government finance.
4827		-	(g) Subject to the requirements of IC 6-1.1-18.5-8, the political
4828		-	subdivision may issue the proposed bonds or enter into the proposed
4829		-	lease rental if a majority of the eligible voters voting on the public
4830		-	question vote in favor of the public question.
4831		-	(h) If a majority of the eligible voters voting on the public question
4832		-	vote in opposition to the public question, both of the following apply:
4833		-	(1) The political subdivision may not issue the proposed bonds or
4834		-	enter into the proposed lease rental.
4835		-	(2) Another public question under this section on the same or a
4836		-	substantially similar project may not be submitted to the voters
4837		-	earlier than:
4838		-	(A) except as provided in clause (B), seven hundred (700)
4839		-	days after the date of the public question; or
4840		-	(B) three hundred fifty (350) days after the date of the election,
4841		-	if a petition that meets the requirements of subsection (m) is
4842		-	submitted to the county auditor.
4843		-	(i) IC 3, to the extent not inconsistent with this section, applies to an
4844		-	election held under this section.
4845		-	(j) A political subdivision may not divide a controlled project in
4846		-	order to avoid the requirements of this section and section 3.5 of this
4847		-	chapter. A person that owns property within a political subdivision or
4848		-	a person that is a registered voter residing within a political subdivision
4849		-	may file a petition with the department of local government finance
4850		-	objecting that the political subdivision has divided a controlled project
4851		-	into two (2) or more capital projects in order to avoid the requirements
4852		-	of this section and section 3.5 of this chapter. The petition must be filed
4853		-	SEA 1 — Concur 114
4854		-	not more than ten (10) days after the political subdivision gives notice
4855		-	of the political subdivision's decision under section 3.5 of this chapter
4856		-	or a determination under section 5 of this chapter to issue bonds or
4857		-	enter into leases for a capital project that the person believes is the
4858		-	result of a division of a controlled project that is prohibited by this
4859		-	subsection. If the department of local government finance receives a
4860		-	petition under this subsection, the department shall not later than thirty
4861		-	(30) days after receiving the petition make a final determination on the
4862		-	issue of whether the political subdivision divided a controlled project
4863		-	in order to avoid the requirements of this section and section 3.5 of this
4864		-	chapter. If the department of local government finance determines that
4865		-	a political subdivision divided a controlled project in order to avoid the
4866		-	requirements of this section and section 3.5 of this chapter and the
4867		-	political subdivision continues to desire to proceed with the project, the
4868		-	political subdivision may appeal the determination of the department
4869		-	of local government finance to the Indiana board of tax review. A
4870		-	political subdivision shall be considered to have divided a capital
4871		-	project in order to avoid the requirements of this section and section
4872		-	3.5 of this chapter if the result of one (1) or more of the subprojects
4873		-	cannot reasonably be considered an independently desirable end in
4874		-	itself without reference to another capital project. This subsection does
4875		-	not prohibit a political subdivision from undertaking a series of capital
4876		-	projects in which the result of each capital project can reasonably be
4877		-	considered an independently desirable end in itself without reference
4878		-	to another capital project.
4879		-	(k) This subsection applies to a political subdivision for which a
4880		-	petition requesting a public question has been submitted under section
4881		-	3.5 of this chapter. The legislative body (as defined in IC 36-1-2-9) of
4882		-	the political subdivision may adopt a resolution to withdraw a
4883		-	controlled project from consideration in a public question. If the
4884		-	legislative body provides a certified copy of the resolution to the county
4885		-	auditor and the county election board not later than sixty-three (63)
4886		-	days before the election at which the public question would be on the
4887		-	ballot, the public question on the controlled project shall not be placed
4888		-	on the ballot and the public question on the controlled project shall not
4889		-	be held, regardless of whether the county auditor has certified the
4890		-	public question to the county election board. If the withdrawal of a
4891		-	public question under this subsection requires the county election
4892		-	board to reprint ballots, the political subdivision withdrawing the
4893		-	public question shall pay the costs of reprinting the ballots. If a political
4894		-	subdivision withdraws a public question under this subsection that
4895		-	would have been held at a special election and the county election
4896		-	SEA 1 — Concur 115
4897		-	board has printed the ballots before the legislative body of the political
4898		-	subdivision provides a certified copy of the withdrawal resolution to
4899		-	the county auditor and the county election board, the political
4900		-	subdivision withdrawing the public question shall pay the costs
4901		-	incurred by the county in printing the ballots. If a public question on a
4902		-	controlled project is withdrawn under this subsection, a public question
4903		-	under this section on the same controlled project or a substantially
4904		-	similar controlled project may not be submitted to the voters earlier
4905		-	than three hundred fifty (350) days after the date the resolution
4906		-	withdrawing the public question is adopted.
4907		-	(l) If a public question regarding a controlled project is placed on
4908		-	the ballot to be voted on at an election under this section, the political
4909		-	subdivision shall submit to the department of local government finance,
4910		-	at least thirty (30) days before the election, the following information
4911		-	regarding the proposed controlled project for posting on the
4912		-	department's Internet web site: website:
4913		-	(1) The cost per square foot of any buildings being constructed as
4914		-	part of the controlled project.
4915		-	(2) The effect that approval of the controlled project would have
4916		-	on the political subdivision's property tax rate.
4917		-	(3) The maximum term of the bonds or lease.
4918		-	(4) The maximum principal amount of the bonds or the maximum
4919		-	lease rental for the lease.
4920		-	(5) The estimated interest rates that will be paid and the total
4921		-	interest costs associated with the bonds or lease.
4922		-	(6) The purpose of the bonds or lease.
4923		-	(7) In the case of a controlled project proposed by a school
4924		-	corporation:
4925		-	(A) the current and proposed square footage of school building
4926		-	space per student;
4927		-	(B) enrollment patterns within the school corporation; and
4928		-	(C) the age and condition of the current school facilities.
4929		-	(m) If a majority of the eligible voters voting on the public question
4930		-	vote in opposition to the public question, a petition may be submitted
4931		-	to the county auditor to request that the limit under subsection
4932		-	(h)(2)(B) apply to the holding of a subsequent public question by the
4933		-	political subdivision. If such a petition is submitted to the county
4934		-	auditor and is signed by the lesser of:
4935		-	(1) five hundred (500) persons who are either owners of property
4936		-	within the political subdivision or registered voters residing
4937		-	within the political subdivision; or
4938		-	(2) five percent (5%) of the registered voters residing within the
4939		-	SEA 1 — Concur 116
4940		-	political subdivision;
4941		-	the limit under subsection (h)(2)(B) applies to the holding of a second
4942		-	public question by the political subdivision and the limit under
4943		-	subsection (h)(2)(A) does not apply to the holding of a second public
4944		-	question by the political subdivision.
4945		-	(n) At the request of a political subdivision that proposes to impose
4946		-	property taxes to pay debt service on bonds or lease rentals on a lease
4947		-	for a controlled project, the county auditor of a county in which the
4948		-	political subdivision is located shall determine the estimated average
4949		-	percentage of property tax increase on a homestead to be paid to the
4950		-	political subdivision that must be included in the public question under
4951		-	subsection (c) as follows:
4952		-	STEP ONE: Determine the average assessed value of a homestead
4953		-	located within the political subdivision.
4954		-	STEP TWO: For purposes of determining the net assessed value
4955		-	of the average homestead located within the political subdivision,
4956		-	subtract:
4957		-	(A) an amount for the homestead standard deduction under
4958		-	IC 6-1.1-12-37 as if the homestead described in STEP ONE
4959		-	was eligible for the deduction; and
4960		-	(B) an amount for the supplemental homestead deduction
4961		-	under IC 6-1.1-12-37.5 as if the homestead described in STEP
4962		-	ONE was eligible for the deduction;
4963		-	from the result of STEP ONE.
4964		-	STEP THREE: Divide the result of STEP TWO by one hundred
4965		-	(100).
4966		-	STEP FOUR: Determine the overall average tax rate per one
4967		-	hundred dollars ($100) of assessed valuation for the current year
4968		-	imposed on property located within the political subdivision.
4969		-	STEP FIVE: For purposes of determining net property tax liability
4970		-	of the average homestead located within the political subdivision:
4971		-	(A) multiply the result of STEP THREE by the result of STEP
4972		-	FOUR; and
4973		-	(B) as appropriate, apply any currently applicable county
4974		-	property tax credit rates and the credit for excessive property
4975		-	taxes under IC 6-1.1-20.6-7.5(a)(1).
4976		-	STEP SIX: Determine the amount of the political subdivision's
4977		-	part of the result determined in STEP FIVE.
4978		-	STEP SEVEN: Determine the estimated tax rate that will be
4979		-	imposed if the public question is approved by the voters.
4980		-	STEP EIGHT: Multiply the result of STEP SEVEN by the result
4981		-	of STEP THREE.
4982		-	SEA 1 — Concur 117
4983		-	STEP NINE: Divide the result of STEP EIGHT by the result of
4984		-	STEP SIX, expressed as a percentage.
4985		-	(o) At the request of a political subdivision that proposes to impose
4986		-	property taxes to pay debt service on bonds or lease rentals on a lease
4987		-	for a controlled project, the county auditor of a county in which the
4988		-	political subdivision is located shall determine the estimated average
4989		-	percentage of property tax increase on a business property to be paid
4990		-	to the political subdivision that must be included in the public question
4991		-	under subsection (c) as follows:
4992		-	STEP ONE: Determine the average assessed value of business
4993		-	property located within the political subdivision.
4994		-	STEP TWO: Divide the result of STEP ONE by one hundred
4995		-	(100).
4996		-	STEP THREE: Determine the overall average tax rate per one
4997		-	hundred dollars ($100) of assessed valuation for the current year
4998		-	imposed on property located within the political subdivision.
4999		-	STEP FOUR: For purposes of determining net property tax
5000		-	liability of the average business property located within the
5001		-	political subdivision:
5002		-	(A) multiply the result of STEP TWO by the result of STEP
5003		-	THREE; and
5004		-	(B) as appropriate, apply any currently applicable county
5005		-	property tax credit rates and the credit for excessive property
5006		-	taxes under IC 6-1.1-20.6-7.5 as if the applicable percentage
5007		-	was three percent (3%).
5008		-	STEP FIVE: Determine the amount of the political subdivision's
5009		-	part of the result determined in STEP FOUR.
5010		-	STEP SIX: Determine the estimated tax rate that will be imposed
5011		-	if the public question is approved by the voters.
5012		-	STEP SEVEN: Multiply the result of STEP TWO by the result of
5013		-	STEP SIX.
5014		-	STEP EIGHT: Divide the result of STEP SEVEN by the result of
5015		-	STEP FIVE, expressed as a percentage.
5016		-	(p) The county auditor shall certify the estimated average
5017		-	percentage of property tax increase on a homestead to be paid to the
5018		-	political subdivision determined under subsection (n), and the
5019		-	estimated average percentage of property tax increase on a business
5020		-	property to be paid to the political subdivision determined under
5021		-	subsection (o), in a manner prescribed by the department of local
5022		-	government finance, and provide the certification to the political
5023		-	subdivision that proposes to impose property taxes. The political
5024		-	subdivision shall provide the certification to the county election board
5025		-	SEA 1 — Concur 118
5026		-	and include the estimated average percentages in the language of the
5027		-	public question at the time the language of the public question is
5028		-	submitted to the county election board for approval as described in
5029		-	subsection (c).
5030		-	SECTION 69. IC 6-1.1-20-4.1 IS ADDED TO THE INDIANA
5031		-	CODE AS A NEW SECTION TO READ AS FOLLOWS
5032		-	[EFFECTIVE JULY 1, 2025]: Sec. 4.1. This section applies to all
5033		-	school corporations. During the calendar year immediately
5034		-	succeeding the final calendar year in which a school corporation's
5035		-	previously approved controlled project referendum tax levy is
5036		-	imposed under this chapter, the school corporation may not adopt
5037		-	a resolution under section 3.5 of this chapter making a preliminary
5038		-	determination to issue bonds or enter into a lease or adopt a
5039		-	resolution to extend a referendum tax levy under this chapter.
5040		-	SECTION 70. IC 6-1.1-20-4.3, AS ADDED BY P.L.136-2024,
5041		-	SECTION 27, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
5042		-	JULY 1, 2025]: Sec. 4.3. (a) This section applies only if, with respect
5043		-	to a particular controlled project that fulfilled the referendum process
5044		-	under sections 3.5 and 3.6 of this chapter, the political subdivision
5045		-	subsequently changes the scope of the controlled project beyond that
5046		-	initially presented.
5047		-	(b) Notwithstanding any other provision in this chapter, if at least
5048		-	ten (10) persons who are either owners of property within the political
5049		-	subdivision or registered voters residing within the political
5050		-	subdivision file a petition with the proper officers of the political
5051		-	subdivision contending that the scope of a controlled project has
5052		-	changed from how it was initially presented, the proper officers of the
5053		-	political subdivision shall hold a public hearing to determine whether
5054		-	any change in scope is significant enough to warrant a new referendum
5055		-	process. A petition under this subsection must be filed not later than
5056		-	one (1) year after the controlled project received final approval.
5057		-	(c) Notwithstanding any other provision in this chapter, if it is
5058		-	determined at the hearing described in subsection (b) that the political
5059		-	subdivision has subsequently changed the scope of a controlled project
5060		-	beyond that initially presented as described in subsection (a), the
5061		-	following procedures apply:
5062		-	(1) A petition requesting the application of the local public
5063		-	question process under this section may be filed using, and in
5064		-	compliance with, the provisions that initially applied to the
5065		-	particular controlled project under section 3.5 of this chapter. For
5066		-	purposes of this subdivision, the relevant provisions in section 3.5
5067		-	of this chapter shall be construed in a manner consistent with this
5068		-	SEA 1 — Concur 119
5069		-	section.
5070		-	(2) If a sufficient petition requesting the application of the local
5071		-	public question process for purposes of this section has been filed
5072		-	under subdivision (1), the following question shall be submitted
5073		-	to the eligible voters at the election conducted under this section:
5074		-	"On ______ (insert date) the voters approved a public question to
5075		-	increase property taxes paid to the _______ (insert the type of
5076		-	taxing unit) by homeowners and businesses. The political
5077		-	subdivision has determined that the scope of the project for which
5078		-	the pubic question was placed on the ballot has changed beyond
5079		-	that initially presented. To fund the increase in the scope of the
5080		-	project, the average property tax paid to the _______ (insert the
5081		-	type of taxing unit) per year on a residence is estimated to
5082		-	increase by ______% (insert the estimated average percentage of
5083		-	property tax increase paid to the political subdivision on a
5084		-	residence within the political subdivision) and the average
5085		-	property tax paid to the _____ (insert the type of taxing unit) per
5086		-	year on a business property would increase by ______% (insert
5087		-	the estimated average percentage of property tax increase paid to
5088		-	the political subdivision on a business property within the
5089		-	political subdivision). Shall ________ (insert the name of the
5090		-	political subdivision) increase property taxes paid to the _______
5091		-	(insert the type of taxing unit) by homeowners and businesses to
5092		-	fund the increase in the scope of the project previously approved?
5093		-	If this public question is approved by the voters, the average
5094		-	property tax paid to the _______ (insert the type of taxing unit)
5095		-	per year on a residence would increase by ______% (insert the
5096		-	estimated average percentage of property tax increase paid to the
5097		-	political subdivision on a residence within the political
5098		-	subdivision) and the average property tax paid to the _____
5099		-	(insert the type of taxing unit) per year on a business property
5100		-	would increase by ______% (insert the estimated average
5101		-	percentage of property tax increase paid to the political
5102		-	subdivision on a business property within the political
5103		-	subdivision).".
5104		-	"Shall ________ (insert the name of the political subdivision)
5105		-	increase property taxes paid to the _______ (insert the type of
5106		-	political subdivision) for no more than ______ (insert the
5107		-	number of years immediately following the holding of the
5108		-	referendum) years for the purpose of funding _______ (insert
5109		-	a brief description of the project use or purpose) for which the
5110		-	principal debt amount for the project will cost no more than
5111		-	SEA 1 — Concur 120
5112		-	______ (insert the total cost of the project principal amount)
5113		-	and the financing cost including interest and fees will cost no
5114		-	more than an additional ______ (insert the total financing
5115		-	costs including interest and fees) and is estimated to increase
5116		-	the property taxes paid to the ______ (insert the type of
5117		-	political subdivision) by imposing a property tax rate that
5118		-	results in a maximum annual amount that does not exceed
5119		-	______ (insert maximum amount of annual levy). If this
5120		-	capital referendum public question is approved by the voters,
5121		-	for a median residence of ______ (insert the political
5122		-	subdivision's median household assessed value, rounded up to
5123		-	the next fifty thousand dollars ($50,000)), the property's
5124		-	annual property tax bill would increase by ______ (insert
5125		-	dollar amount, rounded up to the next whole dollar) per
5126		-	year.".
5127		-	(3) The public question must appear on the ballot in the form
5128		-	approved by the county election board. If the political subdivision
5129		-	in which the particular controlled project is located in more than
5130		-	one (1) county, the county election board of each county shall
5131		-	jointly approve the form of the public question that will appear on
5132		-	the ballot in each county. The form approved by the county
5133		-	election board may differ from the language certified to the
5134		-	county election board by the county auditor. If the county election
5135		-	board approves the language of a public question under this
5136		-	subsection, the county election board shall submit the language to
5137		-	the department of local government finance for review.
5138		-	(4) The department of local government finance shall review the
5139		-	language of the public question to evaluate whether the
5140		-	description of the controlled project is accurate and is not biased
5141		-	against either a vote in favor of the controlled project or a vote
5142		-	against the controlled project. The department of local
5143		-	government finance may either approve the ballot language as
5144		-	submitted or recommend that the ballot language be modified as
5145		-	necessary to ensure that the description of the controlled project
5146		-	is accurate and is not biased. The department of local government
5147		-	finance shall certify its approval or recommendations to the
5148		-	county auditor and the county election board not more than ten
5149		-	(10) days after the language of the public question is submitted to
5150		-	the department for review. If the department of local government
5151		-	finance recommends a modification to the ballot language, the
5152		-	county election board shall, after reviewing the recommendations
5153		-	of the department of local government finance, submit modified
5154		-	SEA 1 — Concur 121
5155		-	ballot language to the department for the department's approval
5156		-	or recommendation of any additional modifications. The public
5157		-	question may not be certified by the county auditor under
5158		-	subdivision (5) unless the department of local government finance
5159		-	has first certified the department's final approval of the ballot
5160		-	language for the public question.
5161		-	(5) The county auditor shall certify the finally approved public
5162		-	question under IC 3-10-9-3 to the county election board of each
5163		-	county in which the political subdivision is located. The
5164		-	certification must occur not later than noon August 1.
5165		-	(A) seventy-four (74) days before a primary election if the
5166		-	public question is to be placed on the primary or municipal
5167		-	primary election ballot; or
5168		-	(B) August 1 if the public question is to be placed on the
5169		-	general or municipal election ballot.
5170		-	(6) The public question shall be placed on the ballot at the next
5171		-	primary election, general election or municipal election in which
5172		-	all voters of the political subdivision are entitled to vote.
5173		-	However, if a primary election, general election, or municipal
5174		-	election will not be held during the first year in which the public
5175		-	question is eligible to be placed on the ballot under this section
5176		-	and if the political subdivision requests the public question to be
5177		-	placed on the ballot at a special election, the public question shall
5178		-	be placed on the ballot at a special election to be held on the first
5179		-	Tuesday after the first Monday in May or November of the year.
5180		-	The certification must occur not later than noon seventy-four (74)
5181		-	days before a special election to be held in May (if the special
5182		-	election is to be held in May) or noon on August 1 (if the special
5183		-	election is to be held in November). The fiscal body of the
5184		-	political subdivision that requests the special election shall pay
5185		-	the costs of holding the special election. The county election
5186		-	board shall give notice under IC 5-3-1 of a special election
5187		-	conducted under this subsection. A special election conducted
5188		-	under this subsection is under the direction of the county election
5189		-	board. The county election board shall take all steps necessary to
5190		-	carry out the special election.
5191		-	(7) The circuit court clerk shall certify the results of the public
5192		-	question to the following:
5193		-	(A) The county auditor of each county in which the political
5194		-	subdivision is located.
5195		-	(B) The department of local government finance.
5196		-	(8) IC 3, to the extent not inconsistent with this section, applies to
5197		-	SEA 1 — Concur 122
5198		-	an election held under this section.
5199		-	(9) If a majority of the eligible voters voting on the public
5200		-	question vote in opposition to the public question, or if a petition
5201		-	is not filed under subdivision (1), the political subdivision may
5202		-	not proceed with the changed scope of the controlled project. In
5203		-	that case, the political subdivision may either:
5204		-	(A) proceed with the controlled project as it was initially
5205		-	presented; or
5206		-	(B) terminate the controlled project as it was initially
5207		-	presented and initiate procedures for the controlled project that
5208		-	reflects the change in scope.
5209		-	(10) If a majority of the eligible voters voting on the public
5210		-	question vote in favor of the public question, the political
5211		-	subdivision may impose property taxes to fund the increase in the
5212		-	scope of the controlled project previously approved.
5213		-	SECTION 71. IC 6-1.1-20-4.5, AS AMENDED BY P.L.136-2024,
5214		-	SECTION 28, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
5215		-	JULY 1, 2025]: Sec. 4.5. (a) As used in this section, "maintenance
5216		-	emergency" refers to a response to a condition that is not otherwise
5217		-	subject to the application of section 1.1(a)(6) of this chapter and
5218		-	includes:
5219		-	(1) repair of a boiler or chiller system;
5220		-	(2) roof repair;
5221		-	(3) storm damage repair; or
5222		-	(4) any other repair that the department determines is a
5223		-	maintenance emergency for which waiver of the application of
5224		-	section 3.5(a)(1)(E) (before its expiration) or 3.5(a)(1)(F) of this
5225		-	chapter (before its expiration) is warranted.
5226		-	(b) A political subdivision may submit a request to the department
5227		-	to waive the application of section 3.5(a)(1)(E) (before its expiration)
5228		-	or 3.5(a)(1)(F) of this chapter, (before its expiration), if the proposed
5229		-	controlled project of the political subdivision is to address a
5230		-	maintenance emergency with respect to a building owned or leased by
5231		-	the political subdivision.
5232		-	(c) The department shall require the political subdivision to submit
5233		-	any information that the department considers necessary to determine
5234		-	whether the condition that the political subdivision contends is a
5235		-	maintenance emergency.
5236		-	(d) The department shall review a request and issue a determination
5237		-	not later than forty-five (45) days after the department receives a
5238		-	request under this section determining whether the condition that the
5239		-	political subdivision contends is a maintenance emergency is sufficient
5240		-	SEA 1 — Concur 123
5241		-	to waive the application of section 3.5(a)(1)(E) (before its expiration)
5242		-	or 3.5(a)(1)(F) of this chapter. (before its expiration). If the department
5243		-	determines that the condition is a maintenance emergency then section
5244		-	3.5(a)(1)(E) (before its expiration) or 3.5(a)(1)(F) of this chapter
5245		-	(before its expiration) is waived and does not apply to the proposed
5246		-	controlled project.
5247		-	(e) A waiver of the application of section 3.5(a)(1)(E) (before its
5248		-	expiration) or 3.5(a)(1)(F) of this chapter (before its expiration) in
5249		-	accordance with this section may not be construed as a waiver of any
5250		-	other requirement of this chapter with respect to the proposed
5251		-	controlled project.
5252		-	(f) This section expires December 31, 2025.
5253		-	SECTION 72. IC 6-1.1-20-4.6 IS ADDED TO THE INDIANA
5254		-	CODE AS A NEW SECTION TO READ AS FOLLOWS
5255		-	[EFFECTIVE JULY 1, 2025]: Sec. 4.6. Each year, the county
5256		-	auditor, with cooperation from the department of local
5257		-	government finance, shall determine the tax rate needed to raise
5258		-	the maximum amount of the annual levy for the year as described
5259		-	under sections 3.6 and 4.3 of this chapter, as applicable, and
5260		-	determine all other information needed for the ballot language in
5261		-	those sections.
5262		-	SECTION 73. IC 6-1.1-20.6-3, AS AMENDED BY P.L.197-2016,
5263		-	SECTION 17, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
5264		-	UPON PASSAGE]: Sec. 3. As used in this chapter, "property tax
5265		-	liability" means, for purposes of:
5266		-	(1) this chapter, other than section 7.7 or 8.5 of this chapter,
5267		-	liability for the tax imposed on property under this article
5268		-	determined after application of all credits and deductions under
5269		-	this article or IC 6-3.6, except the credit under granted by
5270		-	section 7 or 7.5 of this chapter, but does not include any interest
5271		-	or penalty imposed under this article; and
5272		-	(2) section 8.5 of this chapter, liability for the tax imposed on
5273		-	property under this article determined after application of all
5274		-	credits and deductions under this article or IC 6-3.6, including the
5275		-	credit credits granted by section sections 7, or 7.5, and 7.7 of this
5276		-	chapter, but not including the credit granted under section 8.5 of
5277		-	this chapter or any interest or penalty imposed under this article;
5278		-	and
5279		-	(3) section 7.7 of this chapter, liability for the tax imposed on
5280		-	property under this article determined after application of all
5281		-	credits and deductions under this article or IC 6-3.6, including
5282		-	the credit granted by section 7 or 7.5 of this chapter, but not
5283		-	SEA 1 — Concur 124
5284		-	including the credits granted under section 7.7 or 8.5 of this
5285		-	chapter or any interest or penalty imposed under this article.
5286		-	SECTION 74. IC 6-1.1-20.6-7.7 IS ADDED TO THE INDIANA
5287		-	CODE AS A NEW SECTION TO READ AS FOLLOWS
5288		-	[EFFECTIVE UPON PASSAGE]: Sec. 7.7. (a) This section applies
5289		-	for property taxes first due and payable in calendar years
5290		-	beginning after December 31, 2025.
5291		-	(b) A person who qualifies for a standard deduction from the
5292		-	assessed value of the person's homestead under IC 6-1.1-12-37 (or
5293		-	is married at the time of death to a deceased spouse who qualifies
5294		-	for a standard deduction under IC 6-1.1-12-37 for the person's
5295		-	homestead) is also entitled to receive a supplemental homestead
5296		-	credit under this section against the person's property tax liability
5297		-	on the same homestead to which the standard deduction applies.
5298		-	(c) The amount of the credit is equal to the lesser of:
5299		-	(1) the result of:
5300		-	(A) the property tax liability first due and payable on the
5301		-	homestead property for the calendar year; multiplied by
5302		-	(B) one-tenth (0.1); or
5303		-	(2) three hundred dollars ($300).
5304		-	(d) Property taxes imposed after being approved by the voters
5305		-	in a referendum or local public question shall not be considered for
5306		-	purposes of calculating a person's credit under this section.
5307		-	(e) A person is not required to file an application for the credit
5308		-	under this section. The county auditor shall:
5309		-	(1) identify the property in the county eligible for the credit
5310		-	under this section; and
5311		-	(2) apply the credit under this section to property tax liability
5312		-	on the identified property.
5313		-	SECTION 75. IC 6-1.1-20.6-8.5, AS AMENDED BY P.L.239-2023,
5314		-	SECTION 12, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
5315		-	JANUARY 1, 2025 (RETROACTIVE)]: Sec. 8.5. (a) This section
5316		-	applies to an individual who:
5317		-	(1) qualified for a standard deduction granted under
5318		-	IC 6-1.1-12-37 for the individual's homestead property in the
5319		-	immediately preceding calendar year (or was married at the time
5320		-	of death to a deceased spouse who qualified for a standard
5321		-	deduction granted under IC 6-1.1-12-37 for the individual's
5322		-	homestead property in the immediately preceding calendar year);
5323		-	(2) qualifies for a standard deduction granted under
5324		-	IC 6-1.1-12-37 for the same homestead property in the current
5325		-	calendar year;
5326		-	SEA 1 — Concur 125
5327		-	(3) is or will be at least sixty-five (65) years of age on or before
5328		-	December 31 of the calendar year immediately preceding the
5329		-	current calendar year; and
5330		-	(4) had:
5331		-	(A) in the case of an individual who filed a single return,
5332		-	adjusted gross income (as defined in Section 62 of the Internal
5333		-	Revenue Code) not exceeding thirty thousand dollars
5334		-	($30,000), sixty thousand dollars ($60,000), and beginning
5335		-	for the January 1, 2023, assessment date, and each assessment
5336		-	date thereafter, adjusted annually by an amount equal to the
5337		-	percentage cost of living increase applied for Social Security
5338		-	benefits for the immediately preceding calendar year; or
5339		-	(B) in the case of an individual who filed a joint income tax
5340		-	return with the individual's spouse, combined adjusted gross
5341		-	income (as defined in Section 62 of the Internal Revenue
5342		-	Code) not exceeding forty thousand dollars ($40,000), seventy
5343		-	thousand dollars ($70,000), and beginning for the January 1,
5344		-	2023, assessment date, and each assessment date thereafter,
5345		-	adjusted annually by an amount equal to the percentage cost
5346		-	of living increase applied for Social Security benefits for the
5347		-	immediately preceding calendar year;
5348		-	for the calendar year preceding by two (2) years the calendar year
5349		-	in which property taxes are first due and payable.
5350		-	For purposes of applying the annual cost of living increases described
5351		-	in subdivision (4)(A) and (4)(B), the annual percentage increase is
5352		-	applied to the adjusted amount of income from the immediately
5353		-	preceding year.
5354		-	(b) Except as provided in subsection (g), this section does not apply
5355		-	if:
5356		-	(1) for an individual who received a credit under this section
5357		-	before January 1, 2020, the gross assessed value of the homestead
5358		-	on the assessment date for which property taxes are imposed is at
5359		-	least two hundred thousand dollars ($200,000);
5360		-	(2) for an individual who initially applies for a credit under this
5361		-	section after December 31, 2019, and before January 1, 2023, the
5362		-	assessed value of the individual's Indiana real property is at least
5363		-	two hundred thousand dollars ($200,000); or
5364		-	(3) for an individual who initially applies for a credit under this
5365		-	section after December 31, 2022, and before January 1, 2025,
5366		-	the assessed value of the individual's Indiana real property is at
5367		-	least two hundred forty thousand dollars ($240,000).
5368		-	(c) An individual is entitled to an additional credit under this section
5369		-	SEA 1 — Concur 126
5370		-	for property taxes first due and payable for a calendar year on a
5371		-	homestead if:
5372		-	(1) the individual and the homestead qualify for the credit under
5373		-	subsection (a) for the calendar year;
5374		-	(2) the homestead is not disqualified for the credit under
5375		-	subsection (b) for the calendar year; and
5376		-	(3) the filing requirements under subsection (e) are met.
5377		-	(d) The amount of the credit is equal to the greater of zero (0) or the
5378		-	result of:
5379		-	(1) the property tax liability first due and payable on the
5380		-	homestead property for the calendar year; minus
5381		-	(2) the result of:
5382		-	(A) the property tax liability first due and payable on the
5383		-	qualified homestead property for the immediately preceding
5384		-	year after the application of the credit granted under this
5385		-	section for that year; multiplied by
5386		-	(B) one and two hundredths (1.02).
5387		-	However, property tax liability imposed on any improvements to or
5388		-	expansion of the homestead property after the assessment date for
5389		-	which property tax liability described in subdivision (2) was imposed
5390		-	shall not be considered in determining the credit granted under this
5391		-	section in the current calendar year.
5392		-	(e) Applications for a credit under this section shall be filed in the
5393		-	manner provided for an application for a deduction under IC 6-1.1-12-9
5394		-	(before its expiration). However, an individual who remains eligible
5395		-	for the credit in the following year is not required to file a statement to
5396		-	apply for the credit in the following year. An individual who receives
5397		-	a credit under this section in a particular year and who becomes
5398		-	ineligible for the credit in the following year shall notify the auditor of
5399		-	the county in which the homestead is located of the individual's
5400		-	ineligibility not later than sixty (60) days after the individual becomes
5401		-	ineligible.
5402		-	(f) The auditor of each county shall, in a particular year, apply a
5403		-	credit provided under this section to each individual who received the
5404		-	credit in the preceding year unless the auditor determines that the
5405		-	individual is no longer eligible for the credit.
5406		-	(g) For purposes of determining the:
5407		-	(1) assessed value of the homestead on the assessment date for
5408		-	which property taxes are imposed under subsection (b)(1);
5409		-	(2) assessed value of the individual's Indiana real property under
5410		-	subsection (b)(2); or
5411		-	(3) assessed value of the individual's Indiana real property under
5412		-	SEA 1 — Concur 127
5413		-	subsection (b)(3);
5414		-	for an individual who has received a credit under this section in a
5415		-	previous year, increases in assessed value that occur after the later of
5416		-	December 31, 2019, or the first year that the individual has received
5417		-	the credit are not considered unless the increase in assessed value is
5418		-	attributable to substantial renovation or new improvements. Where
5419		-	there is an increase in assessed value for purposes of the credit under
5420		-	this section, the assessor shall provide a report to the county auditor
5421		-	describing the substantial renovation or new improvements, if any, that
5422		-	were made to the property prior to the increase in assessed value.
5423		-	SECTION 76. IC 6-1.1-22-8.1, AS AMENDED BY P.L.159-2020,
5424		-	SECTION 44, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
5425		-	JULY 1, 2026]: Sec. 8.1. (a) The county treasurer shall:
5426		-	(1) except as provided in subsection (h), mail to the last known
5427		-	address of each person liable for any property taxes or special
5428		-	assessment, as shown on the tax duplicate or special assessment
5429		-	records, or to the last known address of the most recent owner
5430		-	shown in the transfer book; and
5431		-	(2) transmit by written, electronic, or other means to a mortgagee
5432		-	maintaining an escrow account for a person who is liable for any
5433		-	property taxes or special assessments, as shown on the tax
5434		-	duplicate or special assessment records;
5435		-	a statement in the form required under subsection (b).
5436		-	(b) The department of local government finance shall prescribe a
5437		-	form, subject to the approval of the state board of accounts, for the
5438		-	statement under subsection (a) that includes at least the following:
5439		-	(1) A statement of the taxpayer's current and delinquent taxes and
5440		-	special assessments.
5441		-	(2) A breakdown showing the total property tax and special
5442		-	assessment liability and the amount of the taxpayer's liability that
5443		-	will be distributed to each taxing unit in the county.
5444		-	(3) An itemized listing for each property tax levy, including:
5445		-	(A) the amount of the tax rate;
5446		-	(B) the entity levying the tax owed; and
5447		-	(C) the dollar amount of the tax owed.
5448		-	(4) Information designed to show the manner in which the taxes
5449		-	and special assessments billed in the tax statement are to be used.
5450		-	(5) Information regarding how a taxpayer can obtain information
5451		-	regarding the taxpayer's notice of assessment or reassessment
5452		-	under IC 6-1.1-4-22.
5453		-	(6) A comparison showing any change in the assessed valuation
5454		-	for the property as compared to the previous year.
5455		-	SEA 1 — Concur 128
5456		-	(7) A comparison showing any change in the property tax and
5457		-	special assessment liability for the property as compared to the
5458		-	previous year. The information required under this subdivision
5459		-	must identify:
5460		-	(A) the amount of the taxpayer's liability distributable to each
5461		-	taxing unit in which the property is located in the current year
5462		-	and in the previous year; and
5463		-	(B) the percentage change, if any, in the amount of the
5464		-	taxpayer's liability distributable to each taxing unit in which
5465		-	the property is located from the previous year to the current
5466		-	year.
5467		-	(8) An explanation of the following:
5468		-	(A) Homestead credits under IC 6-1.1-20.4, IC 6-3.6-5 (before
5469		-	its expiration), or another law that are available in the taxing
5470		-	district where the property is located.
5471		-	(B) All property tax deductions that are available in the taxing
5472		-	district where the property is located.
5473		-	(C) The procedure and deadline for filing for any available
5474		-	homestead credits under IC 6-1.1-20.4, IC 6-3.6-5 (before its
5475		-	expiration), or another law and each deduction.
5476		-	(D) The procedure that a taxpayer must follow to:
5477		-	(i) appeal a current assessment; or
5478		-	(ii) petition for the correction of an error related to the
5479		-	taxpayer's property tax and special assessment liability.
5480		-	(E) The forms that must be filed for an appeal or a petition
5481		-	described in clause (D).
5482		-	(F) The procedure and deadline that a taxpayer must follow
5483		-	and the forms that must be used if a credit or deduction has
5484		-	been granted for the property and the taxpayer is no longer
5485		-	eligible for the credit or deduction.
5486		-	(G) Notice that an appeal described in clause (D) requires
5487		-	evidence relevant to the true tax value of the taxpayer's
5488		-	property as of the assessment date that is the basis for the taxes
5489		-	payable on that property.
5490		-	The department of local government finance shall provide the
5491		-	explanation required by this subdivision to each county treasurer.
5492		-	(9) A checklist that shows:
5493		-	(A) homestead credits under IC 6-1.1-20.4, IC 6-3.6-5 (before
5494		-	its expiration), or another law and all property tax deductions;
5495		-	and
5496		-	(B) whether each homestead credit and property tax deduction
5497		-	applies in the current statement for the property transmitted
5498		-	SEA 1 — Concur 129
5499		-	under subsection (a).
5500		-	(10) A remittance coupon indicating the payment amounts due at
5501		-	each payment due date and other information determined by the
5502		-	department of local government finance.
5503		-	(c) The county treasurer shall mail or transmit the statement one (1)
5504		-	time each year on or before April 15. Whenever a person's tax liability
5505		-	for a year is due in one (1) installment under IC 6-1.1-7-7 or section 9
5506		-	of this chapter, a statement that is mailed must include the date on
5507		-	which the installment is due and denote the amount of money to be
5508		-	paid for the installment. Whenever a person's tax liability is due in two
5509		-	(2) installments, a statement that is mailed must contain the dates on
5510		-	which the first and second installments are due and denote the amount
5511		-	of money to be paid for each installment. If a statement is returned to
5512		-	the county treasurer as undeliverable and the forwarding order is
5513		-	expired, the county treasurer shall notify the county auditor of this fact.
5514		-	Upon receipt of the county treasurer's notice, the county auditor may,
5515		-	at the county auditor's discretion, treat the property as not being eligible
5516		-	for any deductions under IC 6-1.1-12 or any homestead credits under
5517		-	IC 6-1.1-20.4 and IC 6-3.6-5 (before its expiration).
5518		-	(d) All payments of property taxes and special assessments shall be
5519		-	made to the county treasurer. The county treasurer, when authorized by
5520		-	the board of county commissioners, may open temporary offices for the
5521		-	collection of taxes in cities and towns in the county other than the
5522		-	county seat.
5523		-	(e) The county treasurer, county auditor, and county assessor shall
5524		-	cooperate to generate the information to be included in the statement
5525		-	under subsection (b).
5526		-	(f) The information to be included in the statement under subsection
5527		-	(b) must be simply and clearly presented and understandable to the
5528		-	average individual.
5529		-	(g) After December 31, 2007, a reference in a law or rule to
5530		-	IC 6-1.1-22-8 (expired January 1, 2008, and repealed) shall be treated
5531		-	as a reference to this section.
5532		-	(h) Transmission of statements and other information under this
5533		-	subsection applies in a county only if the county legislative body adopts
5534		-	an authorizing ordinance. Subject to subsection (i), in a county in
5535		-	which an ordinance is adopted under this subsection for property taxes
5536		-	and special assessments, a person may, in any manner permitted by
5537		-	subsection (n), direct the county treasurer and county auditor to
5538		-	transmit the following to the person by electronic mail:
5539		-	(1) A statement that would otherwise be sent by the county
5540		-	treasurer to the person by regular mail under subsection (a)(1),
5541		-	SEA 1 — Concur 130
5542		-	including a statement that reflects installment payment due dates
5543		-	under section 9.5 or 9.7 of this chapter.
5544		-	(2) A provisional tax statement that would otherwise be sent by
5545		-	the county treasurer to the person by regular mail under
5546		-	IC 6-1.1-22.5-6.
5547		-	(3) A reconciling tax statement that would otherwise be sent by
5548		-	the county treasurer to the person by regular mail under any of the
5549		-	following:
5550		-	(A) Section 9 of this chapter.
5551		-	(B) Section 9.7 of this chapter.
5552		-	(C) IC 6-1.1-22.5-12, including a statement that reflects
5553		-	installment payment due dates under IC 6-1.1-22.5-18.5.
5554		-	(4) Any other information that:
5555		-	(A) concerns the property taxes or special assessments; and
5556		-	(B) would otherwise be sent:
5557		-	(i) by the county treasurer or the county auditor to the person
5558		-	by regular mail; and
5559		-	(ii) before the last date the property taxes or special
5560		-	assessments may be paid without becoming delinquent.
5561		-	The information listed in this subsection may be transmitted to a person
5562		-	by using electronic mail that provides a secure Internet link to the
5563		-	information.
5564		-	(i) For property with respect to which more than one (1) person is
5565		-	liable for property taxes and special assessments, subsection (h) applies
5566		-	only if all the persons liable for property taxes and special assessments
5567		-	designate the electronic mail address for only one (1) individual
5568		-	authorized to receive the statements and other information referred to
5569		-	in subsection (h).
5570		-	(j) The department of local government finance shall create a form
5571		-	to be used to implement subsection (h). The county treasurer and
5572		-	county auditor shall:
5573		-	(1) make the form created under this subsection available to the
5574		-	public;
5575		-	(2) transmit a statement or other information by electronic mail
5576		-	under subsection (h) to a person who files, on or before March 15,
5577		-	the form created under this subsection:
5578		-	(A) with the county treasurer; or
5579		-	(B) with the county auditor; and
5580		-	(3) publicize the availability of the electronic mail option under
5581		-	this subsection through appropriate media in a manner reasonably
5582		-	designed to reach members of the public.
5583		-	(k) The form referred to in subsection (j) must:
5584		-	SEA 1 — Concur 131
5585		-	(1) explain that a form filed as described in subsection (j)(2)
5586		-	remains in effect until the person files a replacement form to:
5587		-	(A) change the person's electronic mail address; or
5588		-	(B) terminate the electronic mail option under subsection (h);
5589		-	and
5590		-	(2) allow a person to do at least the following with respect to the
5591		-	electronic mail option under subsection (h):
5592		-	(A) Exercise the option.
5593		-	(B) Change the person's electronic mail address.
5594		-	(C) Terminate the option.
5595		-	(D) For a person other than an individual, designate the
5596		-	electronic mail address for only one (1) individual authorized
5597		-	to receive the statements and other information referred to in
5598		-	subsection (h).
5599		-	(E) For property with respect to which more than one (1)
5600		-	person is liable for property taxes and special assessments,
5601		-	designate the electronic mail address for only one (1)
5602		-	individual authorized to receive the statements and other
5603		-	information referred to in subsection (h).
5604		-	(l) The form created under subsection (j) is considered filed with the
5605		-	county treasurer or the county auditor on the postmark date or on the
5606		-	date it is electronically submitted. If the postmark is missing or
5607		-	illegible, the postmark is considered to be one (1) day before the date
5608		-	of receipt of the form by the county treasurer or the county auditor.
5609		-	(m) The county treasurer shall maintain a record that shows at least
5610		-	the following:
5611		-	(1) Each person to whom a statement or other information is
5612		-	transmitted by electronic mail under this section.
5613		-	(2) The information included in the statement.
5614		-	(3) Whether the county treasurer received a notice that the
5615		-	person's electronic mail was undeliverable.
5616		-	(n) A person may direct the county treasurer and county auditor to
5617		-	transmit information by electronic mail under subsection (h) on a form
5618		-	prescribed by the department submitted:
5619		-	(1) in person;
5620		-	(2) by mail; or
5621		-	(3) in an online format developed by the county and approved by
5622		-	the department.
5623		-	SECTION 77. IC 6-1.1-22.5-8, AS AMENDED BY P.L.93-2024,
5624		-	SECTION 47, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
5625		-	JULY 1, 2026]: Sec. 8. (a) Subject to subsection (c), a provisional
5626		-	statement must:
5627		-	SEA 1 — Concur 132
5628		-	(1) be on a form prescribed by the department of local
5629		-	government finance;
5630		-	(2) except as provided in rules adopted under section 20 of this
5631		-	chapter and subsection (b):
5632		-	(A) for property taxes first due and payable after 2010 and
5633		-	billed using a provisional statement under section 6 of this
5634		-	chapter, indicate:
5635		-	(i) that the first installment of the taxpayer's tax liability is
5636		-	an amount equal to fifty percent (50%) of the tax liability
5637		-	that was payable in the same year as the assessment date for
5638		-	the property for which the provisional statement is issued,
5639		-	subject to any adjustments to the tax liability authorized by
5640		-	the department of local government finance under
5641		-	subsection (e) and approved by the county treasurer; and
5642		-	(ii) that the second installment is either the amount specified
5643		-	in a reconciling statement or, if a reconciling statement is
5644		-	not sent until after the second installment is due, an amount
5645		-	equal to fifty percent (50%) of the tax liability that was
5646		-	payable in the same year as the assessment date for the
5647		-	property for which the provisional statement is issued,
5648		-	subject to any adjustments to the tax liability authorized by
5649		-	the department of local government finance under
5650		-	subsection (e) and approved by the county treasurer; and
5651		-	(B) for property taxes billed using a provisional statement
5652		-	under section 6.5 of this chapter, except as provided in
5653		-	subsection (d), indicate tax liability in an amount determined
5654		-	by the department of local government finance based on:
5655		-	(i) subject to subsection (c), for the cross-county entity, the
5656		-	property tax rate of the cross-county entity for taxes first due
5657		-	and payable in the immediately preceding calendar year; and
5658		-	(ii) for all other taxing units that make up the taxing district
5659		-	or taxing districts that comprise the cross-county area, the
5660		-	property tax rates of the taxing units for taxes first due and
5661		-	payable in the current calendar year;
5662		-	(3) indicate:
5663		-	(A) that the tax liability under the provisional statement is
5664		-	determined as described in subdivision (2); and
5665		-	(B) that property taxes billed on the provisional statement:
5666		-	(i) are due and payable in the same manner as property taxes
5667		-	billed on a tax statement under IC 6-1.1-22-8.1; and
5668		-	(ii) will be credited against a reconciling statement;
5669		-	(4) for property taxes billed using a provisional statement under
5670		-	SEA 1 — Concur 133
5671		-	section 6 of this chapter, include a statement in the following or
5672		-	a substantially similar form, as determined by the department of
5673		-	local government finance:
5674		-	"Under Indiana law, ________ County (insert county) has sent
5675		-	provisional statements. The statement is due to be paid in
5676		-	installments on __________ (insert date) and ________ (insert
5677		-	date). The first installment is equal to fifty percent (50%) of your
5678		-	tax liability for taxes payable in ______ (insert year), subject to
5679		-	adjustment to the tax liability authorized by the department of
5680		-	local government finance and approved by the county treasurer.
5681		-	The second installment is either the amount specified in a
5682		-	reconciling statement that will be sent to you, or (if a reconciling
5683		-	statement is not sent until after the second installment is due) an
5684		-	amount equal to fifty percent (50%) of your tax liability for taxes
5685		-	payable in ______ (insert year), subject to adjustment to the tax
5686		-	liability authorized by the department of local government finance
5687		-	and approved by the county treasurer. After the abstract of
5688		-	property is complete, you will receive a reconciling statement in
5689		-	the amount of your actual tax liability for taxes payable in ______
5690		-	(insert year) minus the amount you pay under this provisional
5691		-	statement.";
5692		-	(5) for property taxes billed using a provisional statement under
5693		-	section 6.5 of this chapter, include a statement in the following or
5694		-	a substantially similar form, as determined by the department of
5695		-	local government finance:
5696		-	"Under Indiana law, ________ County (insert county) has elected
5697		-	to send provisional statements for the territory of
5698		-	__________________ (insert cross-county entity) located in
5699		-	________ County (insert county) because the property tax rate for
5700		-	________________ (insert cross-county entity) was not available
5701		-	in time to prepare final tax statements. The statement is due to be
5702		-	paid in installments on __________ (insert date) and _________
5703		-	(insert date). The statement is based on the property tax rate of
5704		-	_________________ (insert cross-county entity) for taxes first
5705		-	due and payable in _____ (insert immediately preceding calendar
5706		-	year). After the property tax rate of ________________ (insert
5707		-	cross-county entity) is determined, you will receive a reconciling
5708		-	statement in the amount of your actual tax liability for taxes
5709		-	payable in _____ (insert year) minus the amount you pay under
5710		-	this provisional statement.";
5711		-	(6) indicate any adjustment to tax liability under subdivision (2)
5712		-	authorized by the department of local government finance under
5713		-	SEA 1 — Concur 134
5714		-	subsection (e) and approved by the county treasurer for:
5715		-	(A) delinquent:
5716		-	(i) taxes; and
5717		-	(ii) special assessments;
5718		-	(B) penalties; and
5719		-	(C) interest;
5720		-	(7) in the case of a reconciling statement only, include:
5721		-	(A) a checklist that shows:
5722		-	(i) homestead credits under IC 6-1.1-20.4, IC 6-3.6-5
5723		-	(before its expiration), or another law and all property tax
5724		-	deductions; and
5725		-	(ii) whether each homestead credit and property tax
5726		-	deduction were applied in the current provisional statement;
5727		-	(B) an explanation of the procedure and deadline that a
5728		-	taxpayer must follow and the forms that must be used if a
5729		-	credit or deduction has been granted for the property and the
5730		-	taxpayer is no longer eligible for the credit or deduction; and
5731		-	(C) an explanation of the tax consequences and applicable
5732		-	penalties if a taxpayer unlawfully claims a standard deduction
5733		-	under IC 6-1.1-12-37 on:
5734		-	(i) more than one (1) parcel of property; or
5735		-	(ii) property that is not the taxpayer's principal place of
5736		-	residence or is otherwise not eligible for a standard
5737		-	deduction; and
5738		-	(8) include any other information the county treasurer requires.
5739		-	(b) The county may apply a standard deduction, supplemental
5740		-	standard deduction, or homestead credit calculated by the county's
5741		-	property system on a provisional bill for a qualified property. If a
5742		-	provisional bill has been used for property tax billings for two (2)
5743		-	consecutive years and a property qualifies for a standard deduction,
5744		-	supplemental standard deduction, or homestead credit for the second
5745		-	year a provisional bill is used, the county shall apply the standard
5746		-	deduction, supplemental standard deduction, or homestead credit
5747		-	calculated by the county's property system on the provisional bill.
5748		-	(c) For purposes of this section, property taxes that are:
5749		-	(1) first due and payable in the current calendar year on a
5750		-	provisional statement under section 6 or 6.5 of this chapter; and
5751		-	(2) based on property taxes first due and payable in the
5752		-	immediately preceding calendar year or on a percentage of those
5753		-	property taxes;
5754		-	are determined after excluding from the property taxes first due and
5755		-	payable in the immediately preceding calendar year property taxes
5756		-	SEA 1 — Concur 135
5757		-	imposed by one (1) or more taxing units in which the tangible property
5758		-	is located that are attributable to a levy that no longer applies for
5759		-	property taxes first due and payable in the current calendar year.
5760		-	(d) If there was no property tax rate of the cross-county entity for
5761		-	taxes first due and payable in the immediately preceding calendar year
5762		-	for use under subsection (a)(2)(B), the department of local government
5763		-	finance shall provide an estimated tax rate calculated to approximate
5764		-	the actual tax rate that will apply when the tax rate is finally
5765		-	determined.
5766		-	(e) The department of local government finance shall:
5767		-	(1) authorize the types of adjustments to tax liability that a county
5768		-	treasurer may approve under subsection (a)(2)(A) including:
5769		-	(A) adjustments for any new construction on the property or
5770		-	any damage to the property;
5771		-	(B) any necessary adjustments for credits, deductions, or the
5772		-	local income tax;
5773		-	(C) adjustments to include current year special assessments or
5774		-	exclude special assessments payable in the year of the
5775		-	assessment date but not payable in the current year;
5776		-	(D) adjustments to include delinquent:
5777		-	(i) taxes; and
5778		-	(ii) special assessments;
5779		-	(E) adjustments to include penalties that are due and owing;
5780		-	and
5781		-	(F) adjustments to include interest that is due and owing; and
5782		-	(2) notify county treasurers in writing of the types of adjustments
5783		-	authorized under subdivision (1).
5784		-	SECTION 78. IC 6-1.1-30-20 IS ADDED TO THE INDIANA
5785		-	CODE AS A NEW SECTION TO READ AS FOLLOWS
5786		-	[EFFECTIVE UPON PASSAGE]: Sec. 20. (a) The department shall
5787		-	develop and maintain a property tax transparency portal on the
5788		-	department's current website through which taxpayers may:
5789		-	(1) compare the property tax liability in their current tax
5790		-	statement compared to their potential property tax liability
5791		-	based on changes under a proposed tax rate; and
5792		-	(2) provide taxpayer feedback to the department and local
5793		-	units.
5794		-	(b) The department shall make the portal available for taxpayer
5795		-	use not later than January 1, 2026.
5796		-	SECTION 79. IC 6-1.1-31-14 IS ADDED TO THE INDIANA
5797		-	CODE AS A NEW SECTION TO READ AS FOLLOWS
5798		-	[EFFECTIVE JANUARY 1, 2025 (RETROACTIVE)]: Sec. 14. The
5799		-	SEA 1 — Concur 136
5800		-	department of local government finance shall develop or amend
5801		-	forms and returns for property taxation of assessable depreciable
5802		-	personal property to reflect the enactment of IC 6-1.1-3-29 and the
5803		-	enactment of IC 6-1.1-8-45.
5804		-	SECTION 80. IC 6-1.1-36-17, AS AMENDED BY P.L.85-2017,
5805		-	SECTION 21, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
5806		-	JULY 1, 2026]: Sec. 17. (a) As used in this section, "nonreverting
5807		-	fund" refers to a nonreverting fund established under subsection (d).
5808		-	(b) If a county auditor makes a determination that property was not
5809		-	eligible for a standard deduction under IC 6-1.1-12-37 in a particular
5810		-	year within three (3) years after the date on which taxes for the
5811		-	particular year are first due, the county auditor may issue a notice of
5812		-	taxes, interest, and penalties due to the owner that improperly received
5813		-	the standard deduction and include a statement that the payment is to
5814		-	be made payable to the county auditor. The additional taxes and civil
5815		-	penalties that result from the removal of the deduction, if any, are
5816		-	imposed for property taxes first due and payable for an assessment date
5817		-	occurring before the earlier of the date of the notation made under
5818		-	subsection (c)(2)(A) or the date a notice of an ineligible homestead lien
5819		-	is recorded under subsection (e)(2) in the office of the county recorder.
5820		-	The notice must require full payment of the amount owed within:
5821		-	(1) one (1) year with no penalties and interest, if:
5822		-	(A) the taxpayer did not comply with the requirement to return
5823		-	the homestead verification form under IC 6-1.1-22-8.1(b)(9)
5824		-	(expired January 1, 2015); and
5825		-	(B) the county auditor allowed the taxpayer to receive the
5826		-	standard deduction in error; or
5827		-	(2) thirty (30) days, if subdivision (1) does not apply.
5828		-	With respect to property subject to a determination made under this
5829		-	subsection that is owned by a bona fide purchaser without knowledge
5830		-	of the determination, no lien attaches for any additional taxes and civil
5831		-	penalties that result from the removal of the deduction.
5832		-	(c) If a county auditor issues a notice of taxes, interest, and penalties
5833		-	due to an owner under subsection (b), the county auditor shall:
5834		-	(1) notify the county treasurer of the determination; and
5835		-	(2) do one (1) or more of the following:
5836		-	(A) Make a notation on the tax duplicate that the property is
5837		-	ineligible for the standard deduction and indicate the date the
5838		-	notation is made.
5839		-	(B) Record a notice of an ineligible homestead lien under
5840		-	subsection (e)(2).
5841		-	(d) Each county auditor shall establish a nonreverting fund. Upon
5842		-	SEA 1 — Concur 137
5843		-	collection of the adjustment in tax due (and any interest and penalties
5844		-	on that amount) after the termination of a deduction or credit as
5845		-	specified in subsection (b), the county treasurer shall deposit that
5846		-	amount:
5847		-	(1) in the nonreverting fund, if the county contains a consolidated
5848		-	city; or
5849		-	(2) if the county does not contain a consolidated city:
5850		-	(A) in the nonreverting fund, to the extent that the amount
5851		-	collected, after deducting the direct cost of any contract,
5852		-	including contract related expenses, under which the
5853		-	contractor is required to identify homestead deduction
5854		-	eligibility, does not cause the total amount deposited in the
5855		-	nonreverting fund under this subsection for the year during
5856		-	which the amount is collected to exceed one hundred thousand
5857		-	dollars ($100,000); or
5858		-	(B) in the county general fund, to the extent that the amount
5859		-	collected exceeds the amount that may be deposited in the
5860		-	nonreverting fund under clause (A).
5861		-	(e) Any part of the amount due under subsection (b) that is not
5862		-	collected by the due date is subject to collection under one (1) or more
5863		-	of the following:
5864		-	(1) After being placed on the tax duplicate for the affected
5865		-	property and collected in the same manner as other property taxes.
5866		-	(2) Through a notice of an ineligible homestead lien recorded in
5867		-	the county recorder's office without charge.
5868		-	The adjustment in tax due (and any interest and penalties on that
5869		-	amount) after the termination of a deduction or credit as specified in
5870		-	subsection (b) shall be deposited as specified in subsection (d) only in
5871		-	the first year in which that amount is collected. Upon the collection of
5872		-	the amount due under subsection (b) or the release of a lien recorded
5873		-	under subdivision (2), the county auditor shall submit the appropriate
5874		-	documentation to the county recorder, who shall amend the information
5875		-	recorded under subdivision (2) without charge to indicate that the lien
5876		-	has been released or the amount has been paid in full.
5877		-	(f) The amount to be deposited in the nonreverting fund or the
5878		-	county general fund under subsection (d) includes adjustments in the
5879		-	tax due as a result of the termination of deductions or credits available
5880		-	only for property that satisfies the eligibility for a standard deduction
5881		-	under IC 6-1.1-12-37, including the following:
5882		-	(1) Supplemental deductions under IC 6-1.1-12-37.5.
5883		-	(2) Homestead credits under IC 6-1.1-20.4, IC 6-3.6-5 (before its
5884		-	expiration), IC 6-3.6-11-3 (before its expiration), or any other
5885		-	SEA 1 — Concur 138
5886		-	law.
5887		-	(3) Credit for excessive property taxes under IC 6-1.1-20.6-7.5 or
5888		-	IC 6-1.1-20.6-8.5.
5889		-	Any amount paid that exceeds the amount required to be deposited
5890		-	under subsection (d)(1) or (d)(2) shall be distributed as property taxes.
5891		-	(g) Money deposited under subsection (d)(1) or (d)(2) shall be
5892		-	treated as miscellaneous revenue. Distributions shall be made from the
5893		-	nonreverting fund established under this section upon appropriation by
5894		-	the county fiscal body and shall be made only for the following
5895		-	purposes:
5896		-	(1) Fees and other costs incurred by the county auditor to discover
5897		-	property that is eligible for a standard deduction under
5898		-	IC 6-1.1-12-37.
5899		-	(2) Other expenses of the office of the county auditor.
5900		-	The amount of deposits in a reverting fund, the balance of a
5901		-	nonreverting fund, and expenditures from a reverting fund may not be
5902		-	considered in establishing the budget of the office of the county auditor
5903		-	or in setting property tax levies that will be used in any part to fund the
5904		-	office of the county auditor.
5905		-	SECTION 81. IC 6-1.1-37-4 IS AMENDED TO READ AS
5906		-	FOLLOWS [EFFECTIVE JANUARY 1, 2025 (RETROACTIVE)]:
5907		-	Sec. 4. A person who makes a false statement, with intent to obtain the
5908		-	property tax deduction provided in either IC 6-1.1-12-13 or
5909		-	IC 6-1.1-12-14 (before their expiration), when he the person is not
5910		-	entitled to the deduction, commits a Class B misdemeanor.
5911		-	SECTION 82. IC 6-1.1-40-10, AS AMENDED BY
5912		-	P.L.212-2018(ss), SECTION 16, IS AMENDED TO READ AS
5913		-	FOLLOWS [EFFECTIVE JANUARY 1, 2025 (RETROACTIVE)]:
5914		-	Sec. 10. (a) The deduction under this section applies only to new
5915		-	manufacturing equipment installed before July 1, 2018.
5916		-	(b) Subject to subsection (e), an owner of new manufacturing
5917		-	equipment whose statement of benefits is approved is entitled to a
5918		-	deduction from the assessed value of that equipment for a period of ten
5919		-	(10) years. Except as provided in subsections (c) and (d), and subject
5920		-	to subsection (e) and section 14 of this chapter, for the first five (5)
5921		-	years, the amount of the deduction for new manufacturing equipment
5922		-	that an owner is entitled to for a particular year equals the assessed
5923		-	value of the new manufacturing equipment. Subject to subsection (e)
5924		-	and section 14 of this chapter, for the sixth through the tenth year, the
5925		-	amount of the deduction equals the product of:
5926		-	(1) the assessed value of the new manufacturing equipment;
5927		-	multiplied by
5928		-	SEA 1 — Concur 139
5929		-	(2) the percentage prescribed in the following table:
5930		-	YEAR OF DEDUCTION PERCENTAGE
5931		-	6th 100%
5932		-	7th 95%
5933		-	8th 80%
5934		-	9th 65%
5935		-	10th 50%
5936		-	11th and thereafter 0%
5937		-	(c) A deduction under this section is not allowed in the first year the
5938		-	deduction is claimed for new manufacturing equipment to the extent
5939		-	that it would cause the assessed value of all of the personal property of
5940		-	the owner in the taxing district in which the equipment is located to be
5941		-	less than the assessed value of all of the personal property of the owner
5942		-	in that taxing district in the immediately preceding year.
5943		-	(d) If a deduction is not fully allowed under subsection (c) in the
5944		-	first year the deduction is claimed, then the percentages specified in
5945		-	subsection (b) apply in the subsequent years to the amount of deduction
5946		-	that was allowed in the first year.
5947		-	(e) For purposes of subsection (b), the assessed value of new
5948		-	manufacturing equipment that is part of an owner's assessable
5949		-	depreciable personal property in a single taxing district subject to the
5950		-	valuation limitation in 50 IAC 4.2-4-9 IC 6-1.1-3-29 or 50 IAC 5.1-6-9
5951		-	IC 6-1.1-8-45 is the product of:
5952		-	(1) the assessed value of the equipment (excluding equipment
5953		-	installed after June 30, 2018) determined without regard to the
5954		-	valuation limitation in 50 IAC 4.2-4-9 IC 6-1.1-3-29 or 50
5955		-	IAC 5.1-6-9; IC 6-1.1-8-45; multiplied by
5956		-	(2) the quotient of:
5957		-	(A) the amount of the valuation limitation determined under
5958		-	50 IAC 4.2-4-9 IC 6-1.1-3-29 or 50 IAC 5.1-6-9 IC 6-1.1-8-45
5959		-	for all of the owner's depreciable personal property in the
5960		-	taxing district; divided by
5961		-	(B) the total true tax value of all of the owner's depreciable
5962		-	personal property in the taxing district that is subject to the
5963		-	valuation limitation in 50 IAC 4.2-4-9 IC 6-1.1-3-29 or 50
5964		-	IAC 5.1-6-9 IC 6-1.1-8-45 determined:
5965		-	(i) under the depreciation schedules in the rules of the
5966		-	department of local government finance before any
5967		-	adjustment for abnormal obsolescence; and
5968		-	(ii) without regard to the valuation limitation in 50
5969		-	IAC 4.2-4-9 IC 6-1.1-3-29 or 50 IAC 5.1-6-9.
5970		-	IC 6-1.1-8-45.
5971		-	SEA 1 — Concur 140
5972		-	SECTION 83. IC 6-1.1-42-22, AS AMENDED BY P.L.181-2016,
5973		-	SECTION 13, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
5974		-	JANUARY 1, 2025 (RETROACTIVE)]: Sec. 22. (a) The designating
5975		-	body shall determine whether to approve a deduction.
5976		-	(b) A designating body may not grant a deduction for a facility
5977		-	described in IC 6-1.1-12.1-3(e).
5978		-	(c) A property owner may not receive a deduction under this chapter
5979		-	for repairs or improvements to real property if the owner receives a
5980		-	deduction under either IC 6-1.1-12.1, IC 6-1.1-12-18 (before its
5981		-	expiration), IC 6-1.1-12-22 (before its expiration), or IC 6-1.1-12-28.5
5982		-	(before its expiration) for the same property.
5983		-	(d) A designating body may approve a deduction only if the
5984		-	following findings are made in the affirmative:
5985		-	(1) The applicant:
5986		-	(A) has never had an ownership interest in an entity that
5987		-	contributed; and
5988		-	(B) has not contributed;
5989		-	a contaminant (as defined in IC 13-11-2-42) that is the subject of
5990		-	the voluntary remediation, as determined under the written
5991		-	standards adopted by the department of environmental
5992		-	management.
5993		-	(2) The proposed improvement or property will be located in a
5994		-	zone.
5995		-	(3) The estimate of the value of the remediation and
5996		-	redevelopment is reasonable for projects of that nature.
5997		-	(4) The estimate of the number of individuals who will be
5998		-	employed or whose employment will be retained can be
5999		-	reasonably expected to result from the proposed described
6000		-	remediation and redevelopment.
6001		-	(5) The estimate of the annual salaries of those individuals who
6002		-	will be employed or whose employment will be retained can be
6003		-	reasonably expected to result from the proposed described
6004		-	remediation and redevelopment.
6005		-	(6) Any other benefits about which information was requested are
6006		-	benefits that can be reasonably expected to result from the
6007		-	proposed described remediation and redevelopment.
6008		-	(7) The totality of benefits is sufficient to justify the deduction.
6009		-	SECTION 84. IC 6-1.1-51.3 IS ADDED TO THE INDIANA CODE
6010		-	AS A NEW CHAPTER TO READ AS FOLLOWS [EFFECTIVE
6011		-	JANUARY 1, 2025 (RETROACTIVE)]:
6012		-	Chapter 51.3 Local Property Tax Credits
6013		-	Sec. 0.5. Each credit against local property taxes to which an
6014		-	SEA 1 — Concur 141
6015		-	individual is entitled for a particular year under this chapter shall
6016		-	be applied to an individual's property tax liability for the year after
6017		-	the application of any credit under IC 6-1.1-20.6-7.5, but before
6018		-	application of any other credits under this article or IC 6-3.6.
6019		-	Sec. 1. (a) An individual is entitled to a credit against local
6020		-	property taxes imposed on the individual's real property, or mobile
6021		-	home or manufactured home within the county, if:
6022		-	(1) the individual is at least sixty-five (65) years of age on or
6023		-	before December 31 of the calendar year preceding the year
6024		-	in which the credit is claimed;
6025		-	(2) the individual has owned the real property, mobile home,
6026		-	or manufactured home for at least one (1) year before
6027		-	claiming the credit; or the individual has been buying the real
6028		-	property, mobile home, or manufactured home under a
6029		-	contract that provides that the individual is to pay the
6030		-	property taxes on the real property, mobile home, or
6031		-	manufactured home for at least one (1) year before claiming
6032		-	the credit, and the contract or a memorandum of the contract
6033		-	is recorded in the county recorder's office;
6034		-	(3) the individual:
6035		-	(A) owns the real property, mobile home, or manufactured
6036		-	home; or
6037		-	(B) is buying the real property, mobile home, or
6038		-	manufactured home under contract;
6039		-	on the date the credit is claimed; and
6040		-	(4) the:
6041		-	(A) individual had, in the case of an individual who filed a
6042		-	single return, adjusted gross income (as defined in Section
6043		-	62 of the Internal Revenue Code) not exceeding sixty
6044		-	thousand dollars ($60,000);
6045		-	(B) individual had, in the case of an individual who filed a
6046		-	joint income tax return with the individual's spouse,
6047		-	combined adjusted gross income (as defined in Section 62
6048		-	of the Internal Revenue Code) not exceeding seventy
6049		-	thousand dollars ($70,000); or
6050		-	(C) combined adjusted gross income (as defined in Section
6051		-	62 of the Internal Revenue Code) of the individual and all
6052		-	other individuals with whom:
6053		-	(i) the individual shares ownership; or
6054		-	(ii) the individual is purchasing the property under a
6055		-	contract;
6056		-	as joint tenants or tenants in common did not exceed
6057		-	SEA 1 — Concur 142
6058		-	seventy thousand dollars ($70,000);
6059		-	for the calendar year preceding by two (2) years the calendar
6060		-	year in which the property taxes are first due and payable.
6061		-	(b) The amount of the credit is equal to one hundred fifty dollars
6062		-	($150).
6063		-	(c) An individual may not be denied the credit provided under
6064		-	this section because the individual is absent from the real property,
6065		-	mobile home, or manufactured home while in a nursing home or
6066		-	hospital.
6067		-	(d) For purposes of this section, if real property, a mobile home,
6068		-	or a manufactured home is owned by:
6069		-	(1) tenants by the entirety;
6070		-	(2) joint tenants; or
6071		-	(3) tenants in common;
6072		-	only one (1) credit may be allowed. However, the age requirement
6073		-	is satisfied if any one (1) of the tenants is at least sixty-five (65)
6074		-	years of age.
6075		-	(e) A surviving spouse is entitled to the credit provided by this
6076		-	section if:
6077		-	(1) the surviving spouse is at least sixty (60) years of age on or
6078		-	before December 31 of the calendar year preceding the year
6079		-	in which the credit is claimed;
6080		-	(2) the surviving spouse's deceased husband or wife was at
6081		-	least sixty-five (65) years of age at the time of a death; and
6082		-	(3) the surviving spouse has not remarried.
6083		-	(f) An individual who has sold real property to another person
6084		-	under a contract that provides that the contract buyer is to pay the
6085		-	property taxes on the real property may not claim the credit
6086		-	provided under this section against that real property.
6087		-	(g) If individuals share ownership or are purchasing the
6088		-	property under a contract as joint tenants or tenants in common
6089		-	and all of the tenants are not at least sixty-five (65) years of age, the
6090		-	credit allowed under this section shall be reduced by an amount
6091		-	equal to the credit multiplied by a fraction. The numerator of the
6092		-	fraction is the number of tenants who are not at least sixty-five (65)
6093		-	years of age, and the denominator is the total number of tenants.
6094		-	(h) An individual wishing to claim a credit under this section
6095		-	must file a statement, on forms prescribed by the department of
6096		-	local government finance, with the county auditor and provide
6097		-	documentation necessary to substantiate the individual's eligibility
6098		-	for the credit. The statement must be completed and dated on or
6099		-	before January 15 of the calendar year in which the property taxes
6100		-	SEA 1 — Concur 143
6101		-	are first due and payable. The statement may be filed in person or
6102		-	by mail. If mailed, the mailing must be postmarked on or before
6103		-	the last day for filing. An individual who remains eligible for the
6104		-	credit in the following year is not required to file a statement to
6105		-	apply for the credit in the following year. However, an individual
6106		-	who receives a credit under this section in a particular year and
6107		-	who becomes ineligible for the credit in the following year shall
6108		-	notify the auditor of the county in which the homestead is located
6109		-	of the individual's ineligibility not later than sixty (60) days after
6110		-	the individual becomes ineligible.
6111		-	Sec. 2. (a) An individual is entitled to a credit against local
6112		-	property taxes imposed on the individual's real property, or mobile
6113		-	home or manufactured home within the county, if:
6114		-	(1) the individual is blind or the individual has a disability;
6115		-	(2) the real property, mobile home, or manufactured home is
6116		-	principally used and occupied by the individual as the
6117		-	individual's residence; and
6118		-	(3) the individual:
6119		-	(A) owns the real property, mobile home, or manufactured
6120		-	home; or
6121		-	(B) is buying the real property, mobile home, or
6122		-	manufactured home under contract;
6123		-	on the date the credit is claimed, and in the case of clause (B),
6124		-	the contract or a memorandum of the contract is recorded in
6125		-	the county recorder's office.
6126		-	(b) The amount of the credit is equal to one hundred twenty-five
6127		-	dollars ($125).
6128		-	(c) For purposes of this section, "blind" has the same meaning
6129		-	as the definition contained in IC 12-7-2-21(1).
6130		-	(d) For purposes of this section, "individual with a disability"
6131		-	means a person unable to engage in any substantial gainful activity
6132		-	by reason of a medically determinable physical or mental
6133		-	impairment which:
6134		-	(1) can be expected to result in death; or
6135		-	(2) has lasted or can be expected to last for a continuous
6136		-	period of not less than twelve (12) months.
6137		-	(e) An individual with a disability filing a claim under this
6138		-	section shall submit proof of the disability. Proof that a claimant is
6139		-	eligible to receive disability benefits under the federal Social
6140		-	Security Act (42 U.S.C. 301 et seq.) shall constitute proof of
6141		-	disability for purposes of this section.
6142		-	(f) An individual with a disability not covered under the federal
6143		-	SEA 1 — Concur 144
6144		-	Social Security Act shall be examined by a physician and the
6145		-	individual's status as an individual with a disability determined by
6146		-	using the same standards as used by the Social Security
6147		-	Administration. The costs of this examination shall be borne by the
6148		-	claimant.
6149		-	(g) An individual who receives the credit provided by this
6150		-	section may not receive the credit provided by IC 6-1.1-20.6-8.5.
6151		-	However, the individual may receive any other property tax credit
6152		-	that the individual is entitled to by law.
6153		-	(h) An individual who has sold real property, a mobile home not
6154		-	assessed as real property, or a manufactured home not assessed as
6155		-	real property to another person under a contract that provides that
6156		-	the contract buyer is to pay the property taxes on the real
6157		-	property, mobile home, or manufactured home may not claim the
6158		-	credit provided under this section against that real property,
6159		-	mobile home, or manufactured home.
6160		-	(i) An individual wishing to claim a credit under this section
6161		-	must file a statement, on forms prescribed by the department of
6162		-	local government finance, with the county auditor and provide
6163		-	documentation necessary to substantiate the individual's eligibility
6164		-	for the credit. The statement must be completed and dated on or
6165		-	before January 15 of the calendar year in which the property taxes
6166		-	are first due and payable. The statement may be filed in person or
6167		-	by mail. If mailed, the mailing must be postmarked on or before
6168		-	the last day for filing. An individual who remains eligible for the
6169		-	credit in the following year is not required to file a statement to
6170		-	apply for the credit in the following year. However, an individual
6171		-	who receives a credit under this section in a particular year and
6172		-	who becomes ineligible for the credit in the following year shall
6173		-	notify the auditor of the county in which the homestead is located
6174		-	of the individual's ineligibility not later than sixty (60) days after
6175		-	the individual becomes ineligible.
6176		-	Sec. 3. (a) An individual is entitled to a credit against local
6177		-	property taxes imposed on the individual's real property, or mobile
6178		-	home or manufactured home within the county, if:
6179		-	(1) the individual served in the military or naval forces of the
6180		-	United States for at least ninety (90) days;
6181		-	(2) the individual received an honorable discharge;
6182		-	(3) the individual either:
6183		-	(A) has a total disability; or
6184		-	(B) is at least sixty-two (62) years of age and has a
6185		-	disability of at least ten percent (10%);
6186		-	SEA 1 — Concur 145
6187		-	(4) the individual's disability is evidenced by:
6188		-	(A) a pension certificate or an award of compensation
6189		-	issued by the United States Department of Veterans
6190		-	Affairs; or
6191		-	(B) a certificate of eligibility issued to the individual by the
6192		-	Indiana department of veterans' affairs after the Indiana
6193		-	department of veterans' affairs has determined that the
6194		-	individual's disability qualifies the individual to receive a
6195		-	credit under this section; and
6196		-	(5) the individual:
6197		-	(A) owns the real property, mobile home, or manufactured
6198		-	home; or
6199		-	(B) is buying the real property, mobile home, or
6200		-	manufactured home under contract;
6201		-	on the date the credit is claimed, and in the case of clause (B),
6202		-	the contract or a memorandum of the contract is recorded in
6203		-	the county recorder's office.
6204		-	(b) The amount of the credit is equal to one hundred fifty dollars
6205		-	($150).
6206		-	(c) The surviving spouse of an individual may receive the credit
6207		-	provided by this section if:
6208		-	(1) the individual satisfied the requirements of subsection
6209		-	(a)(1) through (a)(4) at the time of death; or
6210		-	(2) the individual:
6211		-	(A) was killed in action;
6212		-	(B) died while serving on active duty in the military or
6213		-	naval forces of the United States; or
6214		-	(C) died while performing inactive duty training in the
6215		-	military or naval forces of the United States; and
6216		-	the surviving spouse satisfies the requirement of subsection (a)(5)
6217		-	at the time the credit is claimed. The surviving spouse is entitled to
6218		-	the credit regardless of whether the property for which the credit
6219		-	is claimed was owned by the deceased veteran or the surviving
6220		-	spouse before the deceased veteran's death.
6221		-	(d) An individual who receives the credit provided by this
6222		-	section may not receive the credit provided by section 1 of this
6223		-	chapter. However, the individual may receive any other property
6224		-	tax credit that the individual is entitled to by law.
6225		-	(e) An individual who has sold real property or a mobile home
6226		-	or manufactured home to another person under a contract that
6227		-	provides that the contract buyer is to pay the property taxes on the
6228		-	real property, mobile home, or manufactured home may not claim
6229		-	SEA 1 — Concur 146
6230		-	the credit provided under this section against that real property,
6231		-	mobile home, or manufactured home.
6232		-	(f) An individual wishing to claim a credit under this section
6233		-	must file a statement, on forms prescribed by the department of
6234		-	local government finance, with the county auditor and provide
6235		-	documentation necessary to substantiate the individual's eligibility
6236		-	for the credit. The statement must be completed and dated on or
6237		-	before January 15 of the calendar year in which the property taxes
6238		-	are first due and payable. The statement may be filed in person or
6239		-	by mail. If mailed, the mailing must be postmarked on or before
6240		-	the last day for filing. An individual who remains eligible for the
6241		-	credit in the following year is not required to file a statement to
6242		-	apply for the credit in the following year. However, an individual
6243		-	who receives a credit under this section in a particular year and
6244		-	who becomes ineligible for the credit in the following year shall
6245		-	notify the auditor of the county in which the homestead is located
6246		-	of the individual's ineligibility not later than sixty (60) days after
6247		-	the individual becomes ineligible.
6248		-	Sec. 4. (a) An individual is entitled to a credit against local
6249		-	property taxes imposed on the individual's real property, or mobile
6250		-	home or manufactured home within the county, if:
6251		-	(1) the individual served in the military or naval forces of the
6252		-	United States during any of its wars;
6253		-	(2) the individual received an honorable discharge;
6254		-	(3) the individual has a disability with a service connected
6255		-	disability of ten percent (10%) or more;
6256		-	(4) the individual's disability is evidenced by:
6257		-	(A) a pension certificate, an award of compensation, or a
6258		-	disability compensation check issued by the United States
6259		-	Department of Veterans Affairs; or
6260		-	(B) a certificate of eligibility issued to the individual by the
6261		-	Indiana department of veterans' affairs after the Indiana
6262		-	department of veterans' affairs has determined that the
6263		-	individual's disability qualifies the individual to receive a
6264		-	credit under this section; and
6265		-	(5) the individual:
6266		-	(A) owns the real property, mobile home, or manufactured
6267		-	home; or
6268		-	(B) is buying the real property, mobile home, or
6269		-	manufactured home under contract;
6270		-	on the date the credit is claimed, and in the case of clause (B),
6271		-	the contract or a memorandum of the contract is recorded in
6272		-	SEA 1 — Concur 147
6273		-	the county recorder's office.
6274		-	(b) The amount of the credit is equal to two hundred fifty
6275		-	dollars ($250).
6276		-	(c) The surviving spouse of an individual may receive the credit
6277		-	provided by this section if the individual satisfied the requirements
6278		-	of subsection (a)(1) through (a)(4) at the time of death and the
6279		-	surviving spouse satisfies the requirement of subsection (a)(5) at
6280		-	the time the credit is claimed. The surviving spouse is entitled to
6281		-	the credit regardless of whether the property for which the credit
6282		-	is claimed was owned by the deceased veteran or the surviving
6283		-	spouse before the deceased veteran's death.
6284		-	(d) An individual who receives the credit provided by this
6285		-	section may not receive the credit provided by section 1 of this
6286		-	chapter. However, the individual may receive any other property
6287		-	tax credit that the individual is entitled to by law.
6288		-	(e) An individual who has sold real property or a mobile home
6289		-	or manufactured home to another person under a contract that
6290		-	provides that the contract buyer is to pay the property taxes on the
6291		-	real property, mobile home, or manufactured home may not claim
6292		-	the credit provided under this section against that real property,
6293		-	mobile home, or manufactured home.
6294		-	(f) An individual wishing to claim a credit under this section
6295		-	must file a statement, on forms prescribed by the department of
6296		-	local government finance, with the county auditor and provide
6297		-	documentation necessary to substantiate the individual's eligibility
6298		-	for the credit. The statement must be completed and dated on or
6299		-	before January 15 of the calendar year in which the property taxes
6300		-	are first due and payable. The statement may be filed in person or
6301		-	by mail. If mailed, the mailing must be postmarked on or before
6302		-	the last day for filing. An individual who remains eligible for the
6303		-	credit in the following year is not required to file a statement to
6304		-	apply for the credit in the following year. However, an individual
6305		-	who receives a credit under this section in a particular year and
6306		-	who becomes ineligible for the credit in the following year shall
6307		-	notify the auditor of the county in which the homestead is located
6308		-	of the individual's ineligibility not later than sixty (60) days after
6309		-	the individual becomes ineligible.
6310		-	SECTION 85. IC 6-1.1-52 IS ADDED TO THE INDIANA CODE
6311		-	AS A NEW CHAPTER TO READ AS FOLLOWS [EFFECTIVE
6312		-	JULY 1, 2025]:
6313		-	Chapter 52. County Option Homestead Property Tax Deferral
6314		-	Program
6315		-	SEA 1 — Concur 148
6316		-	Sec. 1. As used in this chapter, "homestead" means a homestead
6317		-	as defined in IC 6-1.1-12-37.
6318		-	Sec. 2. As used in this chapter, "homestead property tax
6319		-	liability" refers to a liability for property taxes:
6320		-	(1) that are assessed on tangible property that is a homestead,
6321		-	including all tangible property, regardless of type, located in
6322		-	any parcel that contains the homestead; and
6323		-	(2) that would be first due and payable in a certain year if the
6324		-	property taxes were not deferred under this chapter.
6325		-	The term refers to a property tax liability after the application of
6326		-	all deductions and credits for which the homestead is eligible.
6327		-	Sec. 3. As used in this chapter, "property taxes" refers to ad
6328		-	valorem property taxes. The term does not include special
6329		-	assessments, fees, or charges that are included by law on a tax
6330		-	statement issued under IC 6-1.1-22-8.1 or IC 6-1.1-22.5.
6331		-	Sec. 4. As used in this chapter, "qualified individual" means an
6332		-	individual who:
6333		-	(1) has a qualified interest in a homestead on the assessment
6334		-	date for which homestead property tax liability is imposed;
6335		-	(2) has held a qualified interest in the homestead for at least
6336		-	five (5) years before first applying for a deferral of homestead
6337		-	property tax liability;
6338		-	(3) uses the homestead in which the individual has a qualified
6339		-	interest as the individual's principal place of residence. An
6340		-	individual shall be treated as using a homestead as the
6341		-	individual's principal place of residence if the individual:
6342		-	(A) is absent from the homestead while in a health care
6343		-	facility (as defined in IC 16-18-2-161 or IC 16-28-13-0.5)
6344		-	for which payment is received from the United States
6345		-	Department of Health and Human Services for the
6346		-	individual's care; but
6347		-	(B) used the homestead as the individual's principal place
6348		-	of residence immediately before being admitted to a health
6349		-	care facility (as defined in IC 16-18-2-161 or
6350		-	IC 16-28-13-0.5);
6351		-	(4) is not delinquent in the payment of any property taxes,
6352		-	special assessments, or fees or charges that are included by
6353		-	law on a tax statement issued under IC 6-1.1-22-8.1 or
6354		-	IC 6-1.1-22.5; and
6355		-	(5) meets any other qualifications that a county may choose to
6356		-	require in an ordinance adopted under this chapter, which
6357		-	may include:
6358		-	SEA 1 — Concur 149
6359		-	(A) an age requirement for senior citizens;
6360		-	(B) an assessed value limitation (such as an assessed value
6361		-	limit of three hundred thousand dollars ($300,000));
6362		-	(C) veteran status; or
6363		-	(D) an income based limitation.
6364		-	Sec. 5. As used in this chapter, "qualified interest" means the
6365		-	following:
6366		-	(1) An ownership interest in a homestead.
6367		-	(2) An interest in a contract for the purchase of a homestead
6368		-	that:
6369		-	(A) is recorded in the county recorder's office; and
6370		-	(B) provides that a person purchasing the homestead is to
6371		-	pay the property taxes on the homestead.
6372		-	Sec. 6. (a) A county fiscal body may adopt an ordinance to
6373		-	establish a homestead property tax deferral program to be
6374		-	administered by the county treasurer as provided in this chapter.
6375		-	(b) An ordinance adopted under this section must apply to all of
6376		-	the territory of the county and allow a qualified individual to apply
6377		-	for and receive deferral of the qualified individual's homestead
6378		-	property tax liability as set forth in this chapter.
6379		-	(c) For a homestead property tax deferral program to be first
6380		-	applicable to property taxes first due and payable in a particular
6381		-	calendar year, the county fiscal body must adopt the ordinance to
6382		-	establish the homestead property tax deferral program not later
6383		-	than November 1 of the immediately preceding calendar year.
6384		-	Sec. 7. (a) Beginning with property taxes first due and payable
6385		-	in 2026, and subject to subsection (g), a qualified individual in a
6386		-	county with a homestead property tax deferral program may apply
6387		-	to the county auditor to defer the due date for the qualified
6388		-	individual's homestead property tax liability as permitted under
6389		-	this chapter.
6390		-	(b) A qualified individual may defer at least one hundred dollars
6391		-	($100), but not more than five hundred dollars ($500), of the
6392		-	qualified individual's homestead property tax liability in a given
6393		-	calendar year.
6394		-	(c) Except as provided in subsections (d) and (f), amounts
6395		-	deferred under this chapter for prior years may continue to
6396		-	accumulate until the delayed due date under this chapter.
6397		-	(d) A qualified individual may not defer more than ten thousand
6398		-	dollars ($10,000) of the qualified individual's homestead property
6399		-	tax liability over consecutive years.
6400		-	(e) The county treasurer may accrue interest on a qualified
6401		-	SEA 1 — Concur 150
6402		-	individual's deferred tax balance amount on a monthly basis not to
6403		-	exceed four percent (4%) beginning on the date of the deferral.
6404		-	(f) No deferral of homestead property tax liability shall be
6405		-	granted if the total amount of deferred taxes under this chapter
6406		-	plus the total amount of all other liens on the homestead property
6407		-	plus the outstanding principal on all mortgages on the homestead
6408		-	property exceed one hundred percent (100%) of the homestead's
6409		-	assessed value.
6410		-	(g) To be eligible for the homestead property tax deferral
6411		-	program, a qualified individual must:
6412		-	(1) submit with the homestead property tax deferral program
6413		-	application the written approval of any holder of a lien on the
6414		-	homestead property; and
6415		-	(2) agree to not pay the individual's remaining non-deferred
6416		-	payments by escrow.
6417		-	Sec. 8. (a) Before October 1, 2025, the department of local
6418		-	government finance shall prescribe and make available to the
6419		-	public a tax deferral loan application and agreement that must be
6420		-	used for purposes of this chapter.
6421		-	(b) A qualified individual wishing to obtain a deferral of
6422		-	homestead property tax liability for a calendar year must file with
6423		-	the county auditor a completed loan application on or before
6424		-	January 15 of the calendar year in which the property taxes are
6425		-	first due and payable and enter into a tax deferral agreement with
6426		-	the county auditor before March 1 of that year. Any recording fees
6427		-	required by a county recorder to file the application shall be paid
6428		-	by the taxpayer.
6429		-	(c) An application for a deferral must be filed with the county
6430		-	auditor in the county where the homestead is located. Upon the
6431		-	filing of an application, the county auditor shall immediately:
6432		-	(1) notify the county treasurer and transmit the information
6433		-	that the county treasurer needs to match the application with
6434		-	the county treasurer's records related to the homestead; and
6435		-	(2) review the application to determine:
6436		-	(A) whether the applicant qualifies for a deferral; and
6437		-	(B) the amount that may be deferred.
6438		-	(d) After an initial application, an applicant remains eligible for
6439		-	a deferral in subsequent years so long as the applicant continues to
6440		-	meet the eligibility requirements for deferral under this chapter.
6441		-	Sec. 9. (a) If the applicant is qualified for a deferral, the county
6442		-	auditor shall:
6443		-	(1) approve the deferral in the lesser of:
6444		-	SEA 1 — Concur 151
6445		-	(A) the amount requested by the applicant, which may not
6446		-	be less than one hundred dollars ($100); or
6447		-	(B) the maximum amount, which is five hundred dollars
6448		-	($500);
6449		-	(2) provide for the recording of the deferral in the county
6450		-	recorder's office specifying the amount of property tax
6451		-	deferred; and
6452		-	(3) notify the county treasurer and the department of local
6453		-	government finance of the amount deferred.
6454		-	(b) An applicant must enter into a tax deferral agreement with
6455		-	the county auditor for each year that homestead property taxes are
6456		-	deferred under this chapter.
6457		-	(c) The recording of a deferral in the county recorder's office
6458		-	shall constitute a lien on the homestead property.
6459		-	Sec. 10. (a) Property taxes deferred under this chapter are due
6460		-	and payable one hundred eighty (180) days after the date on which
6461		-	a deferral termination event occurs.
6462		-	(b) Subject to subsection (c), a deferral termination event occurs
6463		-	on the earlier of the following dates:
6464		-	(1) The first date on which the qualified individual who had a
6465		-	qualified interest in the homestead when the property taxes
6466		-	were deferred:
6467		-	(A) ceases to use the homestead as the individual's
6468		-	principal place of residence as provided in section 4(3) of
6469		-	this chapter; or
6470		-	(B) no longer has a qualified interest in the homestead.
6471		-	(2) The date of the death of the qualified individual who had
6472		-	a qualified interest in the homestead when property taxes
6473		-	were deferred.
6474		-	(c) This subsection applies only to a surviving spouse who was
6475		-	not a qualified individual on the date on which property taxes were
6476		-	deferred. If a deceased individual was a qualified individual on the
6477		-	date on which property taxes were deferred, the deceased
6478		-	individual's surviving spouse shall be treated after the deceased
6479		-	individual's death as if the surviving spouse had been a qualified
6480		-	individual on the date on which property taxes were deferred if:
6481		-	(1) the homestead was the surviving spouse's principal place
6482		-	of residence when the deceased qualified individual died; and
6483		-	(2) the surviving spouse has a qualified interest in the
6484		-	homestead not later than the later of:
6485		-	(A) the date of the deceased individual's death; or
6486		-	(B) the date on which the estate of the deceased individual
6487		-	SEA 1 — Concur 152
6488		-	transfers any part of the ownership of the homestead from
6489		-	the estate.
6490		-	Sec. 11. Deferred property taxes and accrued interest may be
6491		-	paid at any time on or before the delayed due date under section 10
6492		-	of this chapter. Payment of deferred property taxes after the
6493		-	delayed due date shall be collected in the same manner as
6494		-	delinquent property taxes.
6495		-	Sec. 12. (a) If a payment of deferred property taxes is made, the
6496		-	county treasurer shall notify the county auditor, the county
6497		-	recorder, and the state board of accounts on the form and in the
6498		-	manner prescribed by the state board of accounts. Notice to the
6499		-	county recorder must be in the form of a release of the lien on the
6500		-	homestead for the deferred property taxes. Any payment of
6501		-	deferred property taxes made within a particular installment
6502		-	period must be delineated by taxing district throughout the
6503		-	settlement process.
6504		-	(b) When payment of deferred property taxes is made, the
6505		-	deferred property taxes shall be apportioned and distributed
6506		-	among the respective funds of the taxing units in the same manner
6507		-	as other property taxes are apportioned and distributed in the
6508		-	calendar year in which the payment of deferred property taxes is
6509		-	made.
6510		-	Sec. 13. Whenever an individual who is a qualified individual on
6511		-	an assessment date for which property taxes were deferred:
6512		-	(1) ceases to use the homestead as the individual's principal
6513		-	place of residence as provided in section 4(3) of this chapter;
6514		-	(2) ceases to have a qualified interest in the homestead; or
6515		-	(3) changes the individual's qualified interest in the
6516		-	homestead;
6517		-	or a surviving spouse becomes a qualified individual, a person
6518		-	responsible for paying the property taxes on the homestead shall
6519		-	notify the county auditor in the county where the homestead is
6520		-	located on the form and in the manner prescribed by the
6521		-	department of local government finance. The county auditor shall
6522		-	review the information filed under this section to determine
6523		-	whether a deferral termination event has occurred.
6524		-	Sec. 14. (a) If, as the result of the filing of information with the
6525		-	county auditor or on the county auditor's own motion, the county
6526		-	auditor determines that a deferral termination event has occurred,
6527		-	the county auditor shall notify the county treasurer, the county
6528		-	recorder, and the department of local government finance on the
6529		-	form and in the manner prescribed by the department of local
6530		-	SEA 1 — Concur 153
6531		-	government finance.
6532		-	(b) A county auditor shall give written notice of each
6533		-	determination under this chapter to the qualified individuals for
6534		-	the affected homestead.
6535		-	Sec. 15. The county recorder shall record the following without
6536		-	charge in the miscellaneous records of the county recorder:
6537		-	(1) A statement of the amount of property tax deferred.
6538		-	(2) A statement of payment of deferred property taxes.
6539		-	(3) A notice of termination of a deferral.
6540		-	SECTION 86. IC 6-3-2-27.5, AS ADDED BY P.L.194-2023,
6541		-	SECTION 16, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
6542		-	JULY 1, 2027]: Sec. 27.5. (a) As used in this section, "compensation"
6543		-	means any wages, salaries, tips, or similar income that is subject to the
6544		-	withholding requirements under IC 6-3-4-8, or would otherwise be
6545		-	subject to the withholding requirements under IC 6-3-4-8 if not for the
6546		-	application of:
6547		-	(1) IC 6-3-4-8(d);
6548		-	(2) IC 6-3-5; or
6549		-	(3) this section.
6550		-	(b) As used in this section, "professional athlete" means:
6551		-	(1) an athlete, other than a team member (as defined in section
6552		-	2.7(a)(4) of this chapter) or a race team member (as defined in
6553		-	section 3.2(a)(4) of this chapter), who performs services in a
6554		-	professional athletic event for compensation;
6555		-	(2) a team member (as defined in section 2.7(a)(4) of this chapter)
6556		-	who has at least one (1) duty day in Indiana during a taxable year;
6557		-	or
6558		-	(3) a race team member (as defined in section 3.2(a)(4) of this
6559		-	chapter) who has at least one (1) duty day in Indiana during a
6560		-	taxable year.
6561		-	(c) As used in this section, "professional entertainer" means a
6562		-	person who performs services in the professional performing arts for
6563		-	compensation on a per-event basis.
6564		-	(d) As used in this section, "public figure" means a person of
6565		-	prominence who performs services at discrete events, including
6566		-	speeches, public appearances, and similar events, for compensation on
6567		-	a per-event basis.
6568		-	(e) As used in this section, "time and attendance system" means a
6569		-	system:
6570		-	(1) through which an employee is required, on a contemporaneous
6571		-	basis, to record the employee's work location for each day worked
6572		-	outside the state in which the employee's employment duties are
6573		-	SEA 1 — Concur 154
6574		-	primarily performed; and
6575		-	(2) which is designed to allow the employer to allocate the
6576		-	employee's compensation for income tax purposes among all
6577		-	states in which the employee performs employment duties.
6578		-	(f) Except as provided in subsection (j), compensation is exempt
6579		-	from the adjusted gross income tax imposed under this article and
6580		-	IC 6-3.6 if all of the following conditions are met:
6581		-	(1) The individual is not a resident of Indiana at any time during
6582		-	the calendar year in which the employee performs employment
6583		-	duties.
6584		-	(2) The individual receives compensation for employment duties
6585		-	performed by the individual in Indiana for thirty (30) days or less
6586		-	during the calendar year.
6587		-	(3) The compensation is not paid for employment duties
6588		-	performed by the individual in the individual's capacity as a
6589		-	professional athlete, professional entertainer, or public figure.
6590		-	(g) Except as otherwise provided in this section, an employer is not
6591		-	required to withhold taxes imposed under this article or IC 6-3.6 from
6592		-	compensation paid to an employee described in subsection (f).
6593		-	However, if the number of days that an employee performs
6594		-	employment duties in Indiana exceeds thirty (30) days, the employer
6595		-	shall withhold and remit tax to the state of Indiana from all
6596		-	compensation paid to the employee for every day on which the
6597		-	employee performed employment duties in Indiana, including the first
6598		-	thirty (30) days.
6599		-	(h) The department may not require payment of any penalties
6600		-	otherwise applicable for a failure to deduct and withhold income taxes
6601		-	under IC 6-3-4-8, if, when making the determination of whether
6602		-	withholding was required, either of the following applied:
6603		-	(1) The employer relied on a time and attendance system
6604		-	maintained by the employer specifically designed to allocate
6605		-	employee wages for income tax purposes among all taxing
6606		-	jurisdictions in which the employee performs employment duties
6607		-	for the employer.
6608		-	(2) The employer did not maintain a time and attendance system
6609		-	and the employer relied on the employee's annual determination
6610		-	of the time the employee expected to spend performing
6611		-	employment duties in Indiana, if:
6612		-	(A) the employer did not have actual knowledge of fraud on
6613		-	the part of the employee in making the determination; and
6614		-	(B) the employer and the employee did not collude to evade
6615		-	taxation in making the determination.
6616		-	SEA 1 — Concur 155
6617		-	An employer's maintaining of records as described in subdivision (1)
6618		-	does not preclude an employer's ability to rely on an employee's
6619		-	determination of the time the employee expected to spend performing
6620		-	employment duties in Indiana as described in subdivision (2) when
6621		-	making the determination of whether withholding is required.
6622		-	(i) For purposes of this section:
6623		-	(1) subject to subdivision (3), an employee shall be considered
6624		-	present and performing employment duties within Indiana if the
6625		-	employee performs more of the employee's employment duties
6626		-	within Indiana than in any other state during a particular day;
6627		-	(2) any portion of the day during which an employee is in transit
6628		-	may not be considered in determining the location of the
6629		-	employee's performance of employment duties; and
6630		-	(3) if an employee performs employment duties in the employee's
6631		-	state of residence and in only one (1) nonresident state during a
6632		-	particular day, the employee shall be considered to have
6633		-	performed more of the employee's employment duties in the
6634		-	nonresident state than in the state of residence for that day.
6635		-	(j) The following apply for purposes of this section:
6636		-	(1) If an individual receives compensation for employment duties
6637		-	performed by the individual both:
6638		-	(A) in the individual's capacity as a professional athlete,
6639		-	professional entertainer, or public figure; and
6640		-	(B) in some capacity other than the individual's capacity as a
6641		-	professional athlete, professional entertainer, or public figure;
6642		-	the exemption under this section may not be applied to the portion
6643		-	of compensation described in clause (B).
6644		-	(2) If an employee is working at a location other than a physical
6645		-	location of the employer, the employee shall be considered to be
6646		-	working in the state or states in which the services for the
6647		-	employer are performed, regardless of the physical location of the
6648		-	employer.
6649		-	(3) If an individual performs employment duties in Indiana for
6650		-	more than thirty (30) days during a calendar year, compensation
6651		-	received by the individual is not eligible for the exemption under
6652		-	this section.
6653		-	(4) If an individual performs substantially similar job duties for an
6654		-	employer both while designated as an employee and in some
6655		-	capacity other than as an employee during a calendar year, the
6656		-	number of days for which the individual shall be considered to
6657		-	have worked in Indiana with regard to that employer must be
6658		-	determined by aggregating the days for which the individual
6659		-	SEA 1 — Concur 156
6660		-	performed duties for the employer, whether designated as an
6661		-	employee or not.
6662		-	(5) If an employer or individual reasonably believes that an
6663		-	individual is an employee for a calendar year but the individual is
6664		-	later determined to not be an employee, the individual:
6665		-	(A) is subject to tax under this article and IC 6-3.6 on any
6666		-	income that otherwise would have been exempt under this
6667		-	section; and
6668		-	(B) is not subject to penalties under IC 6-3-4-4.1 or
6669		-	IC 6-8.1-10-2.1 based on the inclusion of amounts claimed as
6670		-	exempt under this section as income.
6671		-	(6) If an individual is not a resident of Indiana, amounts paid for
6672		-	vacation, sick, personal, or any other type of leave may not be
6673		-	considered as compensation in Indiana, and any day for which a
6674		-	type of leave is used may not be considered as a day for which the
6675		-	individual performed services for an employer unless the
6676		-	individual performed services for the employer in Indiana on that
6677		-	day and the day would otherwise be counted as a day of services
6678		-	performed in Indiana under this section.
6679		-	(7) The exemption provided under this section shall not apply to
6680		-	an individual's compensation that is deferred or delayed from a
6681		-	previous calendar year to a subsequent calendar year unless:
6682		-	(A) the individual was exempt from taxation under this section
6683		-	on the compensation for the calendar year in which the
6684		-	compensation was earned; and
6685		-	(B) the individual is not a resident of Indiana when the
6686		-	individual includes the compensation in the individual's
6687		-	federal gross income.
6688		-	(k) Nothing in this section may be construed to prevent an
6689		-	individual from being considered a local taxpayer (as defined in
6690		-	IC 6-3.6-2-13(2)), (as defined in IC 6-3.6), regardless of whether the
6691		-	individual's compensation is exempt under this section.
6692		-	SECTION 87. IC 6-3.5-4-1, AS AMENDED BY P.L.256-2017,
6693		-	SECTION 3, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
6694		-	JULY 1, 2027]: Sec. 1. The following definitions apply throughout this
6695		-	chapter:
6696		-	(1) "Adopting entity" means either the county council or the local
6697		-	income tax council established by IC 6-3.6-3-1 for the county,
6698		-	whichever adopts an ordinance to impose a surtax first. the
6699		-	adopting body specified in IC 6-3.6-3-1(a).
6700		-	(2) "County council" includes the city-county council of a county
6701		-	that contains a consolidated city of the first class.
6702		-	SEA 1 — Concur 157
6703		-	(3) "Vehicle" has the meaning set forth in IC 6-6-5-1(b).
6704		-	(4) "Net vehicle excise tax" means the tax due under IC 6-6-5
6705		-	after the application of the adjustments and credits provided by
6706		-	that chapter.
6707		-	(5) "Surtax" means the county vehicle excise tax imposed by an
6708		-	adopting entity under this chapter.
6709		-	(6) "Transportation asset management plan" includes planning for
6710		-	drainage systems and rights-of-way that affect transportation
6711		-	assets.
6712		-	SECTION 88. IC 6-3.5-4-1.1, AS AMENDED BY P.L.197-2016,
6713		-	SECTION 35, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
6714		-	JULY 1, 2027]: Sec. 1.1. For purposes of acting as the adopting entity
6715		-	under this chapter, a local income tax council is comprised of the same
6716		-	members as the local income tax council that is established by
6717		-	IC 6-3.6-3-1 for the county. The local income tax council adopting
6718		-	entity shall use the same procedures that apply under IC 6-3.6-3 when
6719		-	acting as an adopting entity under this chapter.
6720		-	SECTION 89. IC 6-3.5-5-1, AS AMENDED BY P.L.256-2017,
6721		-	SECTION 7, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
6722		-	JULY 1, 2027]: Sec. 1. The following definitions apply throughout this
6723		-	chapter:
6724		-	(1) "Adopting entity" means either the county council or the local
6725		-	income tax council established by IC 6-3.6-3-1 for the county,
6726		-	whichever adopts an ordinance to impose a wheel tax first. the
6727		-	adopting body specified in IC 6-3.6-3-1(a).
6728		-	(2) "Bus" has the meaning set forth in IC 9-13-2-17.
6729		-	(3) "Commercial vehicle" has the meaning set forth in
6730		-	IC 6-6-5.5-1(b).
6731		-	(4) "County council" includes the city-county council of a county
6732		-	that contains a consolidated city of the first class.
6733		-	(5) "In-state miles" has the meaning set forth in IC 6-6-5.5-1(b).
6734		-	(6) "Political subdivision" has the meaning set forth in
6735		-	IC 34-6-2-110.
6736		-	(7) "Recreational vehicle" has the meaning set forth in
6737		-	IC 9-13-2-150.
6738		-	(8) "School bus" has the meaning set forth in IC 9-13-2-161(a).
6739		-	(9) "Semitrailer" has the meaning set forth in IC 9-13-2-164(a).
6740		-	(10) "State agency" has the meaning set forth in IC 34-6-2-141.
6741		-	(11) "Tractor" has the meaning set forth in IC 9-13-2-180.
6742		-	(12) "Trailer" has the meaning set forth in IC 9-13-2-184(a).
6743		-	(13) "Transportation asset management plan" includes planning
6744		-	for drainage systems and rights-of-way that affect transportation
6745		-	SEA 1 — Concur 158
6746		-	assets.
6747		-	(14) "Truck" has the meaning set forth in IC 9-13-2-188(a).
6748		-	(15) "Wheel tax" means the tax imposed under this chapter.
6749		-	SECTION 90. IC 6-3.5-5-1.1, AS AMENDED BY P.L.197-2016,
6750		-	SECTION 37, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
6751		-	JULY 1, 2027]: Sec. 1.1. For purposes of acting as the adopting entity
6752		-	under this chapter, a local income tax council is comprised of the same
6753		-	members as the local income tax council that is established by
6754		-	IC 6-3.6-3-1 for the county. The local income tax council adopting
6755		-	entity shall use the same procedures that apply under IC 6-3.6-3 when
6756		-	acting as an adopting entity under this chapter.
6757		-	SECTION 91. IC 6-3.6-1-1, AS AMENDED BY P.L.130-2018,
6758		-	SECTION 28, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
6759		-	JULY 1, 2027]: Sec. 1. (a) The purpose of this article is to consolidate
6760		-	and simplify the various local income tax laws (referred to as a "former
6761		-	tax" in this article) that are in effect on May 1, 2016, into a uniform law
6762		-	that transitions each county from the former taxes to the tax governed
6763		-	by this article.
6764		-	(b) Notwithstanding the effective date of the repeal of the former tax
6765		-	laws on January 1, 2017, an adopting body may not adopt any
6766		-	ordinances under a former tax after June 30, 2016. In addition,
6767		-	notwithstanding the effective date of this article being July 1, 2015, an
6768		-	adopting body may not take any action under this article before July 1,
6769		-	2016.
6770		-	(c) To carry out the transition, the office of management and budget,
6771		-	along with the appropriate state agencies and in cooperation with each
6772		-	county, shall do the following:
6773		-	(1) Document all terms, conditions, limitations, and obligations
6774		-	that exist under the former taxes.
6775		-	(2) Categorize the tax rate under the former taxes into the
6776		-	appropriate tax rate or rates under this article to provide revenue
6777		-	for all the same purposes for which revenue under a former tax
6778		-	was used in 2016, except to the extent required under this article
6779		-	and to the extent that an adopting body takes action under this
6780		-	article after June 30, 2016, to change the purposes and allocation
6781		-	of the revenue as permitted under this article. Matching the
6782		-	purposes of a former tax to the purposes under this article,
6783		-	including the apportionment, allocation, and distribution of
6784		-	revenue under this article shall be accomplished by using the best
6785		-	information available. These purposes include, but are not limited
6786		-	to, one (1) or more of the following:
6787		-	(A) Property tax credits using the options set forth in
6788		-	SEA 1 — Concur 159
6789		-	IC 6-3.6-5 (before its expiration). This categorization is
6790		-	limited to former tax rates that were dedicated to providing
6791		-	credits against property taxes under IC 6-3.5-1.1-26 (repealed),
6792		-	IC 6-3.5-6 (repealed), or IC 6-3.5-7 (repealed).
6793		-	(B) School corporation distributions and additional revenue.
6794		-	All former tax rates not used for a specified project or
6795		-	categorized under clause (A) shall be categorized under
6796		-	IC 6-3.6-6 using the former tax rates or dollar amounts that
6797		-	were dedicated for school corporation distributions, public
6798		-	safety, economic development, and certified shares.
6799		-	(C) A special purpose project (IC 6-3.6-7) using the former tax
6800		-	rate that was dedicated to the project.
6801		-	(d) The transition under this article shall be completed by August 1,
6802		-	2016, for purposes of local government budgets for 2017 and for
6803		-	purposes of the distribution and allocation of revenue under this article
6804		-	after December 31, 2016.
6805		-	SECTION 92. IC 6-3.6-1-1.5, AS ADDED BY P.L.197-2016,
6806		-	SECTION 41, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
6807		-	JULY 1, 2027]: Sec. 1.5. (a) In counties that adopted a homestead
6808		-	credit under IC 6-3.5-6-13 (before its repeal January 1, 2017), the
6809		-	transition from the former taxes to the taxes governed under this article
6810		-	shall include the transition of the homestead credit under IC 6-3.5-6-13
6811		-	(before its repeal January 1, 2017) to a property tax relief rate under
6812		-	IC 6-3.6-5 (before its expiration).
6813		-	(b) To accomplish the transition under this section, the department
6814		-	of local government finance shall determine the portion of the income
6815		-	tax rate under IC 6-3.5-6-8 (before its repeal January 1, 2017) that is
6816		-	attributable to the homestead credit approved under IC 6-3.5-6-13
6817		-	(before its repeal January 1, 2017) and shall allocate that portion of the
6818		-	income tax rate that is attributable to the homestead credit under
6819		-	IC 6-3.5-6-13 (before its repeal January 1, 2017) to the property tax
6820		-	relief rate under IC 6-3.6-5 (before its expiration).
6821		-	(c) The department of local government finance shall notify each
6822		-	affected county of the rate that will be allocated to the property tax
6823		-	relief rate not later than July 1, 2016. In addition, the department of
6824		-	local government finance shall notify the state budget agency of the
6825		-	transition under this section.
6826		-	(d) The approval of the local income tax council is not required for
6827		-	the transition of the homestead credit under IC 6-3.5-6-13 (before its
6828		-	repeal January 1, 2017) to a property tax relief rate as set forth in this
6829		-	section.
6830		-	(d) This section expires July 1, 2028.
6831		-	SEA 1 — Concur 160
6832		-	SECTION 93. IC 6-3.6-1-3, AS AMENDED BY P.L.197-2016,
6833		-	SECTION 42, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
6834		-	JULY 1, 2027]: Sec. 3. (a) Except to the extent that taxes imposed in
6835		-	a county under or determined under:
6836		-	(1) IC 6-3.5-1.1 (repealed);
6837		-	(2) IC 6-3.5-1.5 (repealed);
6838		-	(3) IC 6-3.5-6 (repealed); or
6839		-	(4) IC 6-3.5-7 (repealed);
6840		-	are increased, decreased, or rescinded under this article, the total tax
6841		-	rate in effect in a county under the provisions described in subdivisions
6842		-	(1) through (4) on May 1, 2016, continue in effect after May 1, 2016,
6843		-	and shall be treated as taxes imposed under this article.
6844		-	(b) Notwithstanding subsection (a) or any other provision of this
6845		-	article, a property tax relief rate imposed in a county under
6846		-	IC 6-3.6-5 (before its expiration) expires December 31, 2027.
6847		-	SECTION 94. IC 6-3.6-1-4, AS AMENDED BY P.L.197-2016,
6848		-	SECTION 43, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
6849		-	JULY 1, 2027]: Sec. 4. Notwithstanding:
6850		-	(1) IC 6-3.5-1.1 (repealed);
6851		-	(2) IC 6-3.5-1.5 (repealed);
6852		-	(3) IC 6-3.5-6 (repealed); or
6853		-	(4) IC 6-3.5-7 (repealed);
6854		-	a change in a tax imposed under a provision described in subdivisions
6855		-	(1) through (4), credits related to property taxes provided under
6856		-	IC 6-3.6-5 (before its expiration), allocations of tax revenue, and
6857		-	pledges for payment from tax revenue after December 31, 2016, must
6858		-	be made under this article and not under the provisions described in
6859		-	subdivisions (1) through (4).
6860		-	SECTION 95. IC 6-3.6-2-2, AS AMENDED BY P.L.239-2017,
6861		-	SECTION 14, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
6862		-	JANUARY 1, 2028]: Sec. 2. "Adjusted gross income" has the meaning
6863		-	set forth in IC 6-3-1-3.5. However:
6864		-	(1) except as provided in subdivision (3), in the case of a local
6865		-	taxpayer who is not treated as a resident local taxpayer of a
6866		-	county, the term includes only adjusted gross income derived
6867		-	from the taxpayer's principal place of business or employment;
6868		-	(2) (1) in the case of a resident local taxpayer of Perry County, the
6869		-	term does not include adjusted gross income described in
6870		-	IC 6-3.6-8-7; and
6871		-	(3) (2) in the case of a local taxpayer described in section 13(3)
6872		-	of this chapter, the term includes only that part of the individual's
6873		-	total income that:
6874		-	SEA 1 — Concur 161
6875		-	(A) is apportioned to Indiana under IC 6-3-2-2.7 or
6876		-	IC 6-3-2-3.2; and
6877		-	(B) is paid to the individual as compensation for services
6878		-	rendered in the county (or municipality in the case of a local
6879		-	income tax imposed under IC 6-3.6-6-22) as a team member
6880		-	or race team member.
6881		-	SECTION 96. IC 6-3.6-2-4 IS REPEALED [EFFECTIVE JULY 1,
6882		-	2027]. Sec. 4. "Attributed allocation amount" equals the sum of the
6883		-	following:
6884		-	(1) The allocation amount of the civil taxing unit for that calendar
6885		-	year.
6886		-	(2) In the case of a county taxing unit, the welfare allocation
6887		-	amount.
6888		-	SECTION 97. IC 6-3.6-2-5, AS ADDED BY P.L.243-2015,
6889		-	SECTION 10, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
6890		-	JULY 1, 2027]: Sec. 5. "Certified distribution" refers to the amount
6891		-	certified under IC 6-3.6-9-5(b), IC 6-3.6-9-5(a), as adjusted under
6892		-	IC 6-3.6-9.
6893		-	SECTION 98. IC 6-3.6-2-7.4, AS AMENDED BY P.L.137-2024,
6894		-	SECTION 1, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
6895		-	UPON PASSAGE]: Sec. 7.4. "County with a single voting bloc" means
6896		-	a county that has a local income tax council in which one (1) city that
6897		-	is a member of the local income tax council or one (1) town that is a
6898		-	member of the local income tax council is allocated more than fifty
6899		-	percent (50%) of the total one hundred (100) votes allocated under
6900		-	IC 6-3.6-3-6(d). This section expires May 31, 2025. 2027.
6901		-	SECTION 99. IC 6-3.6-2-12 IS REPEALED [EFFECTIVE JULY
6902		-	1, 2027]. Sec. 12. "Local income tax council" means a council
6903		-	established by IC 6-3.6-3-1.
6904		-	SECTION 100. IC 6-3.6-2-13, AS AMENDED BY P.L.239-2017,
6905		-	SECTION 15, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
6906		-	JANUARY 1, 2028]: Sec. 13. "Local taxpayer" as it relates to a
6907		-	particular county, means any of the following:
6908		-	(1) As it relates to a particular county (or municipality in the
6909		-	case of a local income tax imposed under IC 6-3.6-6-22), an
6910		-	individual who resides in that county (or municipality in the
6911		-	case of a local income tax imposed under IC 6-3.6-6-22) on the
6912		-	date specified in IC 6-3.6-8-3.
6913		-	(2) As it relates to a particular county, an individual who
6914		-	maintains the taxpayer's principal place of business or
6915		-	employment in that county on the date specified in IC 6-3.6-8-3
6916		-	and who does not reside on that same date in another county in
6917		-	SEA 1 — Concur 162
6918		-	Indiana in which a tax under this article is in effect. However, for
6919		-	purposes of a local income tax imposed by a municipality
6920		-	under IC 6-3.6-6-22, the term does not include an individual
6921		-	described in this subdivision.
6922		-	(3) As it relates to a particular county, and only for purposes
6923		-	of a rate imposed by a county under 6-3.6-6-2(b)(3), the term
6924		-	includes an individual who:
6925		-	(A) has income apportioned to Indiana as:
6926		-	(i) a team member under IC 6-3-2-2.7; or
6927		-	(ii) a race team member under IC 6-3-2-3.2;
6928		-	for services rendered in the county; and
6929		-	(B) is not described in subdivision (1) or (2).
6930		-	SECTION 101. IC 6-3.6-2-15, AS ADDED BY P.L.243-2015,
6931		-	SECTION 10, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
6932		-	JANUARY 1, 2028]: Sec. 15. "Resident local taxpayer", as it relates to
6933		-	a particular county (or municipality in the case of a local income tax
6934		-	imposed under IC 6-3.6-6-22), means any local taxpayer who resides
6935		-	in that county (or municipality in the case of a local income tax
6936		-	imposed under IC 6-3.6-6-22) on the date specified in IC 6-3.6-8-3.
6937		-	SECTION 102. IC 6-3.6-3-1, AS AMENDED BY P.L.137-2024,
6938		-	SECTION 2, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
6939		-	JULY 1, 2027]: Sec. 1. (a) The fiscal body of the county is the
6940		-	adopting body for a county.
6941		-	(b) The fiscal body of the city or town is the adopting body for
6942		-	a city or town for purposes of adopting a municipal rate under
6943		-	IC 6-3.6-6-22. following is the adopting body for a county:
6944		-	(1) The local income tax council in a county in which the county
6945		-	income tax council adopted either:
6946		-	(A) a county option income tax under IC 6-3.5-6 (repealed)
6947		-	that was in effect on January 1, 2015; or
6948		-	(B) a county economic development income tax for the county
6949		-	under IC 6-3.5-7 (repealed) that was in effect on January 1,
6950		-	2015.
6951		-	(2) The county fiscal body in any other county.
6952		-	(3) The county fiscal body for purposes of adopting a rate
6953		-	dedicated to paying for a PSAP in the county as permitted by
6954		-	IC 6-3.6-6-2.5.
6955		-	(4) The county fiscal body for purposes of adopting a rate
6956		-	dedicated to paying for acute care hospitals in the county as
6957		-	permitted by IC 6-3.6-6-2.6.
6958		-	(5) The county fiscal body for purposes of adopting a rate
6959		-	dedicated to paying for correctional facilities and rehabilitation
6960		-	SEA 1 — Concur 163
6961		-	facilities in the county as permitted by IC 6-3.6-6-2.7.
6962		-	(b) A local income tax council is established for each county. The
6963		-	membership of each county's local income tax council consists of the
6964		-	fiscal body of the county and the fiscal body of each city or town that
6965		-	lies either partially or entirely within that county.
6966		-	SECTION 103. IC 6-3.6-3-3, AS AMENDED BY P.L.236-2023,
6967		-	SECTION 75, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
6968		-	JULY 1, 2027]: Sec. 3. (a) Except as provided in subsection (f), an
6969		-	ordinance adopted by a county under this article takes effect as
6970		-	provided in this section.
6971		-	(b) An ordinance that adopts, increases, decreases, or rescinds a tax
6972		-	or a tax rate takes effect as follows:
6973		-	(1) An ordinance adopted after December 31 of the immediately
6974		-	preceding year and before September 1 of the current year takes
6975		-	effect on October 1 of the current year.
6976		-	(2) An ordinance adopted after August 31 and before November
6977		-	1 of the current year takes effect on January 1 of the following
6978		-	year.
6979		-	(3) An ordinance adopted after October 31 of the current year and
6980		-	before January 1 of the following year takes effect on October 1
6981		-	of the following year.
6982		-	(1) An ordinance adopted on or before October 1 of a
6983		-	calendar year shall take effect on January 1 of the calendar
6984		-	year that immediately succeeds the year in which the
6985		-	ordinance is adopted.
6986		-	(2) An ordinance adopted after October 1 of a calendar year
6987		-	shall take effect on January 1 of the second succeeding
6988		-	calendar year following the year the ordinance is adopted.
6989		-	However, an ordinance adopted to impose a tax rate under
6990		-	IC 6-3.6-6-2(b)(3) or IC 6-3.6-6-2(b)(4) must be adopted on or
6991		-	before October 1 of a calendar year.
6992		-	(c) An ordinance that grants, increases, decreases, rescinds, or
6993		-	changes a credit against the property tax liability of a taxpayer under
6994		-	IC 6-3.6-5 (before its expiration) takes effect as follows:
6995		-	(1) An ordinance adopted after December 31 of the immediately
6996		-	preceding year and before November 2 of the current year takes
6997		-	effect on January 1 of, and applies to property taxes first due and
6998		-	payable in, the year immediately following the year in which the
6999		-	ordinance is adopted.
7000		-	(2) An ordinance adopted after November 1 of the current year
7001		-	and before January 1 of the immediately succeeding year takes
7002		-	effect on January 1 of, and applies to property taxes first due and
7003		-	SEA 1 — Concur 164
7004		-	payable in, the year that follows the current year by two (2) years.
7005		-	This subsection expires December 31, 2027.
7006		-	(d) An ordinance that grants, increases, decreases, rescinds, or
7007		-	changes a distribution or allocation of taxes takes effect as follows:
7008		-	(1) An ordinance adopted after December 31 of the immediately
7009		-	preceding year and before November 2 of the current year takes
7010		-	effect January 1 of the year immediately following the year in
7011		-	which the ordinance is adopted.
7012		-	(2) An ordinance adopted after November 1 of the current year
7013		-	and before January 1 of the immediately succeeding year takes
7014		-	effect January 1 of the year that follows the current year by two
7015		-	(2) years.
7016		-	(1) An ordinance adopted on or before October 1 of a
7017		-	calendar year shall take effect on January 1 of the calendar
7018		-	year that immediately succeeds the year in which the
7019		-	ordinance is adopted.
7020		-	(2) An ordinance adopted after October 1 of a calendar year
7021		-	shall take effect on January 1 of the second succeeding
7022		-	calendar year following the year the ordinance is adopted.
7023		-	(e) An ordinance not described in subsections (b) through (d) takes
7024		-	effect as provided under IC 36 for other ordinances of the
7025		-	governmental entity adopting the ordinance.
7026		-	(f) An ordinance described in section 7(e) or 7.5(e) of this chapter
7027		-	that changes a tax rate or changes the allocation of revenue received
7028		-	from a tax rate does not take effect as provided under this section if the
7029		-	county adopting body fails to meet the required deadlines for notice
7030		-	described in section 7(e) or 7.5(e) of this chapter. If an ordinance does
7031		-	not take effect, the tax rate or allocation, as applicable, that is subject
7032		-	to the proposed change in the ordinance shall be the lesser of the:
7033		-	(1) applicable distribution schedule for the certified distribution
7034		-	for the upcoming calendar year; or
7035		-	(2) applicable distribution schedule for the certified distribution
7036		-	for the current calendar year;
7037		-	unless, or until, a subsequent ordinance is adopted and the required
7038		-	deadlines for notice described in section 7(e) or 7.5(e) of this chapter
7039		-	are met. This subsection expires January 1, 2025.
7040		-	SECTION 104. IC 6-3.6-3-3.3 IS ADDED TO THE INDIANA
7041		-	CODE AS A NEW SECTION TO READ AS FOLLOWS
7042		-	[EFFECTIVE JULY 1, 2027]: Sec. 3.3. (a) This section applies to an
7043		-	ordinance adopted by a city or town that adopts, increases,
7044		-	decreases, or rescinds a tax or a tax rate under IC 6-3.6-6-22.
7045		-	(b) An ordinance adopted by a city or town on or before
7046		-	SEA 1 — Concur 165
7047		-	October 1 of a calendar year shall take effect on January 1 of the
7048		-	calendar year that immediately succeeds the year in which the
7049		-	ordinance is adopted.
7050		-	(c) An ordinance adopted by a city or town after October 1 of a
7051		-	calendar year shall take effect on January 1 of the second
7052		-	succeeding calendar year following the year the ordinance is
7053		-	adopted.
7054		-	SECTION 105. IC 6-3.6-3-4, AS AMENDED BY P.L.236-2023,
7055		-	SECTION 76, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
7056		-	JULY 1, 2027]: Sec. 4. (a) Except for a tax rate that has an expiration
7057		-	date, and except as provided in section 3(f) of this chapter (before its
7058		-	expiration), a tax rate remains in effect until the effective date of an
7059		-	ordinance that increases, decreases, or rescinds that tax rate.
7060		-	(b) A tax rate may not be changed more than once each year under
7061		-	this article.
7062		-	(c) A local income tax expenditure tax rate that is imposed in a
7063		-	county under IC 6-3.6-6 continues in effect after December 31,
7064		-	2027, only if the adopting body adopts an ordinance to renew the
7065		-	expenditure tax rate beginning January 1, 2028. An ordinance
7066		-	under this subsection must be adopted by the adopting body on or
7067		-	before October 1, 2027, as set forth in section 3(b)(1) of this
7068		-	chapter. However, this subsection shall not be construed to
7069		-	prohibit an adopting body that fails to adopt an ordinance to
7070		-	continue an expenditure tax rate after December 31, 2027, from
7071		-	adopting an ordinance under this article to impose, renew, or
7072		-	modify an expenditure tax rate under IC 6-3.6-6 beginning
7073		-	January 1, 2029, or any year thereafter.
7074		-	SECTION 106. IC 6-3.6-3-5, AS AMENDED BY P.L.137-2024,
7075		-	SECTION 3, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
7076		-	JULY 1, 2027]: Sec. 5. (a) The auditor of a county (or the fiscal
7077		-	officer of a municipality in the case of a local income tax imposed
7078		-	under IC 6-3.6-6-22) shall record all votes taken on ordinances
7079		-	presented for a vote under this article and not more than ten (10) days
7080		-	after the vote, send a certified copy of the results to:
7081		-	(1) the commissioner of the department of state revenue; and
7082		-	(2) the commissioner of the department of local government
7083		-	finance;
7084		-	in an electronic format approved by the commissioner of the
7085		-	department of local government finance.
7086		-	(b) Except as provided in subsection (c), this subsection applies only
7087		-	to a county that has a local income tax council. The county auditor may
7088		-	cease sending certified copies after the county auditor sends a certified
7089		-	SEA 1 — Concur 166
7090		-	copy of results showing that members of the local income tax council
7091		-	have cast a majority of the votes on the local income tax council for or
7092		-	against the proposed ordinance.
7093		-	(c) This subsection applies only to a county with a single voting bloc
7094		-	that proposes to increase (but not decrease) a tax rate in the county. The
7095		-	county auditor may cease sending certified copies of the votes on the
7096		-	local income tax council voting as a whole under section 9.5 of this
7097		-	chapter after the county auditor sends a certified copy of results
7098		-	showing that the individuals who sit on the fiscal bodies of the county,
7099		-	cities, and towns that are members of the local income tax council have
7100		-	cast a majority of the votes on the local income tax council voting as a
7101		-	whole under section 9.5 of this chapter for or against the proposed
7102		-	ordinance. This subsection expires May 31, 2025.
7103		-	SECTION 107. IC 6-3.6-3-6 IS REPEALED [EFFECTIVE JULY
7104		-	1, 2027]. Sec. 6. (a) This section applies to a county in which the
7105		-	county adopting body is a local income tax council.
7106		-	(b) In the case of a city or town that lies within more than one (1)
7107		-	county, the county auditor of each county shall base the allocations
7108		-	required by subsections (d) and (e) on the population of that part of the
7109		-	city or town that lies within the county for which the allocations are
7110		-	being made.
7111		-	(c) Each local income tax council has a total of one hundred (100)
7112		-	votes.
7113		-	(d) Each county, city, or town that is a member of a local income tax
7114		-	council is allocated a percentage of the total one hundred (100) votes
7115		-	that may be cast. The percentage that a city or town is allocated for a
7116		-	year equals the same percentage that the population of the city or town
7117		-	bears to the population of the county. The percentage that the county
7118		-	is allocated for a year equals the same percentage that the population
7119		-	of all areas in the county not located in a city or town bears to the
7120		-	population of the county.
7121		-	(e) This subsection applies only to a county with a single voting
7122		-	bloc. Each individual who sits on the fiscal body of a county, city, or
7123		-	town that is a member of the local income tax council is allocated for
7124		-	a year the number of votes equal to the total number of votes allocated
7125		-	to the particular county, city, or town under subsection (d) divided by
7126		-	the number of members on the fiscal body of the county, city, or town.
7127		-	This subsection expires May 31, 2025.
7128		-	(f) On or before January 1 of each year, the county auditor shall
7129		-	certify to each member of the local income tax council the number of
7130		-	votes, rounded to the nearest one hundredth (0.01), each member has
7131		-	for that year.
7132		-	SEA 1 — Concur 167
7133		-	(g) This subsection applies only to a county with a single voting
7134		-	bloc. On or before January 1 of each year, in addition to the
7135		-	certification to each member of the local income tax council under
7136		-	subsection (f), the county auditor shall certify to each individual who
7137		-	sits on the fiscal body of each county, city, or town that is a member of
7138		-	the local income tax council the number of votes, rounded to the
7139		-	nearest one hundredth (0.01), each individual has under subsection (e)
7140		-	for that year. This subsection expires May 31, 2025.
7141		-	SECTION 108. IC 6-3.6-3-7 IS REPEALED [EFFECTIVE JULY
7142		-	1, 2027]. Sec. 7. (a) This section applies to a county in which the
7143		-	county adopting body is a local income tax council.
7144		-	(b) Before a member of the local income tax council may propose
7145		-	an ordinance under section 8 of this chapter, or vote on a proposed
7146		-	ordinance (including a proposed ordinance under section 8(e) of this
7147		-	chapter that is being considered by the local income tax council as a
7148		-	whole as required under section 9.5 of this chapter (before its
7149		-	expiration)), the member must hold a public hearing on the proposed
7150		-	ordinance and provide the public with notice of the time and place
7151		-	where the public hearing will be held.
7152		-	(c) The notice required by subsection (b) must be given in
7153		-	accordance with IC 5-3-1 and include the proposed ordinance or
7154		-	resolution to propose an ordinance.
7155		-	(d) In addition to the notice required by subsection (b), the adopting
7156		-	body shall also provide a copy of the notice to all taxing units in the
7157		-	county at least ten (10) days before the public hearing.
7158		-	(e) If a county adopting body makes any fiscal decision that has a
7159		-	financial impact to an underlying local taxing unit, the decision must
7160		-	be made, and notice must be given to the affected local taxing unit, by
7161		-	August 1 of a year. If a county adopting body passes an ordinance
7162		-	changing the allocation of local income tax revenue to a local taxing
7163		-	unit, the county adopting body must provide direct notice, in addition
7164		-	to the public notice described in subsection (b), to the affected local
7165		-	taxing unit within fifteen (15) days of the passage of the ordinance. The
7166		-	county adopting body must provide confirmation to the department of
7167		-	state revenue and the department of local government finance that
7168		-	direct notice was provided to the affected local taxing units within
7169		-	fifteen (15) days of the passage of the ordinance.
7170		-	SECTION 109. IC 6-3.6-3-8 IS REPEALED [EFFECTIVE JULY
7171		-	1, 2027]. Sec. 8. (a) This section applies to a county in which the
7172		-	county adopting body is a local income tax council.
7173		-	(b) Except as provided in subsection (e), any member of a local
7174		-	income tax council may present an ordinance for passage. To do so, the
7175		-	SEA 1 — Concur 168
7176		-	member must adopt a resolution to propose the ordinance to the local
7177		-	income tax council and distribute a copy of the proposed ordinance to
7178		-	the county auditor. The county auditor shall treat any proposed
7179		-	ordinance distributed to the auditor under this section as a casting of all
7180		-	that member's votes in favor of the proposed ordinance.
7181		-	(c) Except as provided in subsection (f), the county auditor shall
7182		-	deliver copies of a proposed ordinance the auditor receives to all
7183		-	members of the local income tax council within ten (10) days after
7184		-	receipt. Subject to subsection (d), once a member receives a proposed
7185		-	ordinance from the county auditor, the member shall vote on it within
7186		-	thirty (30) days after receipt.
7187		-	(d) Except as provided in subsection (h), if, before the elapse of
7188		-	thirty (30) days after receipt of a proposed ordinance, the county
7189		-	auditor notifies the member that the members of the local income tax
7190		-	council have cast a majority of the votes on the local income tax
7191		-	council for or against the proposed ordinance the member need not
7192		-	vote on the proposed ordinance.
7193		-	(e) This subsection applies only to a county with a single voting bloc
7194		-	that proposes to increase (but not decrease) a tax rate in the county. The
7195		-	fiscal body of any county, city, or town that is a member of a local
7196		-	income tax council may adopt a resolution to propose an ordinance to
7197		-	increase a tax rate in the county to be voted on by the local income tax
7198		-	council as a whole as required under section 9.5 of this chapter and
7199		-	distribute a copy of the proposed ordinance to the county auditor. The
7200		-	county auditor shall treat the vote tally on the resolution adopted under
7201		-	this subsection for each individual who is a member of the fiscal body
7202		-	of the county, city, or town as the voting record for that individual
7203		-	either for or against the ordinance being proposed for consideration by
7204		-	the local income tax council as a whole under section 9.5 of this
7205		-	chapter. This subsection expires May 31, 2025.
7206		-	(f) This subsection applies only to a county with a single voting bloc
7207		-	that proposes to increase (but not decrease) a tax rate in the county. The
7208		-	county auditor shall deliver copies of a proposed ordinance the auditor
7209		-	receives under subsection (e) to the fiscal officers of all members of the
7210		-	local income tax council (other than the member proposing the
7211		-	ordinance under subsection (e)) within ten (10) days after receipt.
7212		-	Subject to subsection (h), once a member receives a proposed
7213		-	ordinance from the county auditor, the member shall vote on it within
7214		-	thirty (30) days after receipt. This subsection expires May 31, 2025.
7215		-	(g) This subsection applies only to a county with a single voting
7216		-	bloc that proposes to increase (but not decrease) a tax rate in the
7217		-	county. The fiscal body of each county, city, or town voting on a
7218		-	SEA 1 — Concur 169
7219		-	resolution to propose an ordinance under subsection (e), or voting on
7220		-	a proposed ordinance being considered by the local income tax council
7221		-	as a whole under section 9.5 of this chapter, must take a roll call vote
7222		-	on the resolution or the proposed ordinance. If an individual who sits
7223		-	on the fiscal body is absent from the meeting in which a vote is taken
7224		-	or abstains from voting on the resolution or proposed ordinance, the
7225		-	fiscal officer of the county, city, or town shall nevertheless consider
7226		-	that individual's vote as a "no" vote against the resolution or the
7227		-	proposed ordinance being considered, whichever is applicable, for
7228		-	purposes of the vote tally under this section and shall note on the vote
7229		-	tally that the individual's "no" vote is due to absence or abstention. The
7230		-	fiscal body of each county, city, or town shall certify the roll call vote
7231		-	on a resolution or a proposed ordinance, either for or against, to the
7232		-	county auditor as set forth under this chapter. This subsection expires
7233		-	May 31, 2025.
7234		-	(h) This subsection applies only to a county with a single voting
7235		-	bloc that proposes to increase (but not decrease) a tax rate in the
7236		-	county. If, before the elapse of thirty (30) days after receipt of a
7237		-	proposed ordinance under subsection (e), the county auditor notifies
7238		-	the member that the individuals who sit on the fiscal bodies of the
7239		-	county, cities, and towns that are members of the local income tax
7240		-	council have cast a majority of the votes on the local income tax
7241		-	council for or against a proposed ordinance voting as a whole under
7242		-	section 9.5 of this chapter, the member need not vote on the proposed
7243		-	ordinance under subsection (e). This subsection expires May 31, 2025.
7244		-	SECTION 110. IC 6-3.6-3-9 IS REPEALED [EFFECTIVE JULY
7245		-	1, 2027]. Sec. 9. (a) Except as provided in subsection (d), this section
7246		-	applies to a county in which the county adopting body is a local income
7247		-	tax council.
7248		-	(b) A member of the local income tax council may exercise its votes
7249		-	by passing a resolution and transmitting the resolution to the county
7250		-	auditor.
7251		-	(c) A resolution passed by a member of the local income tax council
7252		-	exercises all votes of the member on the proposed ordinance, and those
7253		-	votes may not be changed during the year.
7254		-	(d) This section does not apply to a county in which the county
7255		-	adopting body is a local income tax council to which section 9.5 of this
7256		-	chapter applies. This subsection expires May 31, 2024.
7257		-	SECTION 111. IC 6-3.6-3-9.5, AS AMENDED BY P.L.137-2024,
7258		-	SECTION 6, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
7259		-	UPON PASSAGE]: Sec. 9.5. (a) This section applies to a county:
7260		-	(1) in which the county adopting body is a local income tax
7261		-	SEA 1 — Concur 170
7262		-	council;
7263		-	(2) that is a county with a single voting bloc; and
7264		-	(3) that proposes to increase a tax rate in the county.
7265		-	However, the provisions under section 9 of this chapter shall apply to
7266		-	a county described in subdivisions (1) and (2) that proposes to decrease
7267		-	a tax rate in the county.
7268		-	(b) A local income tax council described in subsection (a) must vote
7269		-	as a whole to exercise its authority to increase a tax rate under this
7270		-	article.
7271		-	(c) A resolution passed by the fiscal body of a county, city, or town
7272		-	that is a member of the local income tax council exercises the vote of
7273		-	each individual who sits on the fiscal body of the county, city, or town
7274		-	on the proposed ordinance, and the individual's vote may not be
7275		-	changed during the year.
7276		-	(d) This section expires May 31, 2025. 2027.
7277		-	SECTION 112. IC 6-3.6-3-10 IS REPEALED [EFFECTIVE JULY
7278		-	1, 2027]. Sec. 10. (a) This section applies to a county in which the
7279		-	county adopting body is a local income tax council.
7280		-	(b) A local income tax council may pass only one (1) ordinance
7281		-	adopting, increasing, decreasing, or rescinding a tax in one (1) year.
7282		-	Once the ordinance has been passed, the county auditor shall:
7283		-	(1) cease distributing those types of proposed ordinances for the
7284		-	rest of the year; and
7285		-	(2) withdraw from the membership any other of those types of
7286		-	proposed ordinances.
7287		-	Any votes subsequently received by the county auditor on those types
7288		-	of proposed ordinances during that same year are void.
7289		-	(c) The local income tax council may not vote on, nor may the
7290		-	county auditor distribute to the members of the local income tax
7291		-	council, any proposed ordinance during a year, if previously during that
7292		-	same year the county auditor received and distributed to the members
7293		-	of the local income tax council a proposed ordinance whose passage
7294		-	would have substantially the same effect.
7295		-	SECTION 113. IC 6-3.6-4-1, AS ADDED BY P.L.243-2015,
7296		-	SECTION 10, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
7297		-	JANUARY 1, 2028]: Sec. 1. (a) Except as otherwise provided in
7298		-	IC 6-3.6-6-22, a tax is imposed on the adjusted gross income of local
7299		-	taxpayers at a tax rate that is a sum of the tax rates imposed by the
7300		-	county's adopting body and in effect in the county.
7301		-	(b) Except as otherwise provided in IC 6-3.6-6-22, the combined
7302		-	tax rates imposed under IC 6-3.6-5 (before its expiration), IC 6-3.6-6,
7303		-	and IC 6-3.6-7 constitute the tax imposed on the adjusted gross income
7304		-	SEA 1 — Concur 171
7305		-	of local taxpayers in the county.
7306		-	(c) In addition to the tax imposed in the county under subsection
7307		-	(a), a tax is imposed on the adjusted gross income of local
7308		-	taxpayers in a municipality at a tax rate that is imposed by the
7309		-	municipality under IC 6-3.6-6-22 and in effect in the municipality.
7310		-	SECTION 114. IC 6-3.6-4-2, AS ADDED BY P.L.243-2015,
7311		-	SECTION 10, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
7312		-	JANUARY 1, 2028]: Sec. 2. Subject to section 3 of this chapter, a tax
7313		-	rate authorized under IC 6-3.6-5, IC 6-3.6-6 or IC 6-3.6-7 may be
7314		-	adopted, increased, decreased, or rescinded without adopting,
7315		-	increasing, decreasing, or rescinding a tax rate authorized by either of
7316		-	the two (2) other chapters. chapter. However, an adopting body may:
7317		-	(1) adopt, increase, decrease, or rescind a tax authorized under a
7318		-	particular chapter of this article; and
7319		-	(2) adopt, increase, decrease, or rescind a tax authorized under
7320		-	another chapter of this article;
7321		-	in the same ordinance.
7322		-	SECTION 115. IC 6-3.6-4-3, AS ADDED BY P.L.243-2015,
7323		-	SECTION 10, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
7324		-	JANUARY 1, 2028]: Sec. 3. If there are bonds or leases outstanding
7325		-	that are payable from a tax imposed under IC 6-3.5-1.1 (before its
7326		-	repeal January 1, 2017), IC 6-3.5-6 (before its repeal January 1, 2017),
7327		-	IC 6-3.5-7 (before its repeal January 1, 2017), IC 6-3.6-6, or IC 6-3.6-7,
7328		-	(but not IC 6-3.6-5), the adopting body may not reduce the tax rate
7329		-	below a rate that would produce one and twenty-five hundredths (1.25)
7330		-	times the total of the highest annual outstanding debt service plus the
7331		-	highest annual lease payments plus any amount required under the
7332		-	agreements for the bonds or leases to be deposited in a sinking fund or
7333		-	other reserve, unless:
7334		-	(1) the adopting body; or
7335		-	(2) any city, town, or county;
7336		-	pledges all or a part of its share of revenues from the tax imposed under
7337		-	IC 6-3.6-6 or IC 6-3.6-7 (but not IC 6-3.6-5) for the life of the bonds or
7338		-	the term of the lease, in an amount that is sufficient, when combined
7339		-	with the amount pledged by the city, town, or county that issued the
7340		-	bonds, to produce one and twenty-five hundredths (1.25) times the total
7341		-	of the highest annual outstanding debt service plus the highest annual
7342		-	lease payments plus the amount required under the agreements for the
7343		-	bonds or leases to be deposited in a sinking fund or other reserve.
7344		-	SECTION 116. IC 6-3.6-5-7 IS ADDED TO THE INDIANA CODE
7345		-	AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JULY
7346		-	1, 2027]: Sec. 7. This chapter expires December 31, 2027.
7347		-	SEA 1 — Concur 172
7348		-	SECTION 117. IC 6-3.6-6-0.5 IS ADDED TO THE INDIANA
7349		-	CODE AS A NEW SECTION TO READ AS FOLLOWS
7350		-	[EFFECTIVE JULY 1, 2027]: Sec. 0.5. As used in this chapter,
7351		-	"nonmunicipal civil taxing unit" means townships, libraries, and
7352		-	all other civil taxing units that imposed an ad valorem property tax
7353		-	levy in the county for the calendar year preceding the distribution
7354		-	year, except that the term does not include counties, cities, towns,
7355		-	or school corporations. The term does include those civil taxing
7356		-	units whose budgets require binding review by another local unit.
7357		-	SECTION 118. IC 6-3.6-6-2, AS ADDED BY P.L.243-2015,
7358		-	SECTION 10, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
7359		-	JULY 1, 2027]: Sec. 2. (a) This section applies to all counties.
7360		-	(b) The adopting body may impose a tax rate under this chapter that
7361		-	does not exceed:
7362		-	(1) two and five-tenths percent (2.5%) in all counties other than
7363		-	Marion County; and
7364		-	(2) two and seventy-five hundredths percent (2.75%) in Marion
7365		-	County;
7366		-	on the adjusted gross income of local taxpayers in the county served by
7367		-	the adopting body.
7368		-	(b) The adopting body may by ordinance and subject to
7369		-	subsections (c) through (e) impose one (1) or more of the following
7370		-	component rates not to exceed a total expenditure tax rate under
7371		-	this chapter of two and nine-tenths percent (2.9%) on the adjusted
7372		-	gross income of taxpayers who reside in the county:
7373		-	(1) A tax rate not to exceed one and two-tenths percent (1.2%)
7374		-	for general purpose revenue for county services (as provided
7375		-	in section 4 of this chapter), subject to subsection (c).
7376		-	(2) A tax rate not to exceed four-tenths of one percent (0.4%)
7377		-	for providers of fire protection and emergency medical
7378		-	services located within the county (as provided in section 4.3
7379		-	of this chapter), subject to subsection (c).
7380		-	(3) A tax rate not to exceed two-tenths of one percent (0.2%)
7381		-	for general purpose revenue for distribution to nonmunicipal
7382		-	civil taxing units (excluding fire protection districts) located
7383		-	within the county (as provided in section 4.5 of this chapter),
7384		-	subject to subsection (c).
7385		-	(4) A tax rate not to exceed one and two-tenths percent (1.2%)
7386		-	for general purpose revenue for municipal services for
7387		-	distribution to municipalities located within the county that
7388		-	are not eligible to adopt a municipal tax rate under section 22
7389		-	of this chapter or that have made an election under section
7390		-	SEA 1 — Concur 173
7391		-	23(b)(3) of this chapter to be treated as such.
7392		-	(c) The combined component rates imposed by an adopting
7393		-	body under subsection (b)(1) through (b)(3) shall not exceed one
7394		-	and seven-tenths percent (1.7%).
7395		-	(d) A tax rate adopted under subsection (b)(4) may only be
7396		-	imposed on taxpayers who do not reside in a municipality that is
7397		-	eligible to adopt a municipal tax rate under section 22 of this
7398		-	chapter.
7399		-	(e) Beginning after December 31, 2030, a tax rate imposed under
7400		-	subsection (b) shall expire on December 31 of each calendar year.
7401		-	An adopting body wishing to continue, increase, or decrease a tax
7402		-	rate in the succeeding year must pass an ordinance to readopt a tax
7403		-	rate in accordance with IC 6-3.6-3-3. This subsection applies
7404		-	regardless of whether there is a modification in the tax rate or the
7405		-	component rates or the rates are unchanged from the previous
7406		-	year.
7407		-	SECTION 119. IC 6-3.6-6-2.5 IS REPEALED [EFFECTIVE
7408		-	JANUARY 1, 2028]. Sec. 2.5. (a) This section applies to a county in
7409		-	which the adopting body:
7410		-	(1) is the local income tax council; and
7411		-	(2) did not allocate the revenue under this chapter from an
7412		-	expenditure rate of at least one-tenth of one percent (0.1%) to pay
7413		-	for a PSAP in the county for a year.
7414		-	(b) A county fiscal body may adopt an ordinance to impose a tax
7415		-	rate for a PSAP in the county. The tax rate must be in increments of
7416		-	one-hundredth of one percent (0.01%) and may not exceed one-tenth
7417		-	of one percent (0.1%).
7418		-	(c) The revenue generated by a tax rate imposed under this section
7419		-	must be distributed directly to the county before the remainder of the
7420		-	expenditure rate revenue is distributed. The revenue shall be
7421		-	maintained in a separate dedicated county fund and used only for
7422		-	paying for a PSAP in the county.
7423		-	SECTION 120. IC 6-3.6-6-2.6 IS REPEALED [EFFECTIVE
7424		-	JANUARY 1, 2028]. Sec. 2.6. (a) As used in this section, "acute care
7425		-	hospital" means an acute care hospital that is:
7426		-	(1) established and operated under IC 16-22-2, IC 16-22-8, or
7427		-	IC 16-23; and
7428		-	(2) licensed under IC 16-21.
7429		-	(b) A county fiscal body may adopt an ordinance to impose a tax
7430		-	rate for acute care hospitals located in the county. The tax rate must be
7431		-	in increments of one-hundredth of one percent (0.01%) and may not
7432		-	exceed one-tenth of one percent (0.1%).
7433		-	SEA 1 — Concur 174
7434		-	(c) The revenue generated by a tax rate imposed under this section
7435		-	must be distributed directly to the county before the remainder of the
7436		-	expenditure rate revenue is distributed. The revenue shall be
7437		-	maintained in a separate dedicated county fund and used only for the
7438		-	operating expenses of the acute care hospital located in the county.
7439		-	SECTION 121. IC 6-3.6-6-2.7 IS REPEALED [EFFECTIVE
7440		-	JANUARY 1, 2028]. Sec. 2.7. (a) A county fiscal body may adopt an
7441		-	ordinance to impose a tax rate for correctional facilities and
7442		-	rehabilitation facilities in the county. The tax rate must be in
7443		-	increments of:
7444		-	(1) in the case of a county with bonds or lease agreements
7445		-	outstanding on July 1, 2023, for which a pledge of tax revenue
7446		-	from revenue received under a tax rate imposed under this section
7447		-	is made, one-hundredth of one percent (0.01%) and may not
7448		-	exceed three-tenths of one percent (0.3%); and
7449		-	(2) in the case of a county with no bonds or lease agreements
7450		-	outstanding on July 1, 2023, for which a pledge of tax revenue
7451		-	from revenue received under a tax rate imposed under this section
7452		-	is made, one-hundredth of one percent (0.01%) and may not
7453		-	exceed two-tenths of one percent (0.2%).
7454		-	(b) The tax rate imposed under this section may not be in effect for
7455		-	more than:
7456		-	(1) twenty-two (22) years, in the case of a tax rate imposed in an
7457		-	ordinance adopted before January 1, 2019; or
7458		-	(2) twenty-five (25) years, in the case of a tax rate imposed in an
7459		-	ordinance adopted on or after January 1, 2019.
7460		-	(c) The revenue generated by a tax rate imposed under this section
7461		-	must be distributed directly to the county before the remainder of the
7462		-	expenditure rate revenue is distributed. The revenue shall be
7463		-	maintained in a separate dedicated county fund and used by the county
7464		-	only for paying for correctional facilities and rehabilitation facilities in
7465		-	the county.
7466		-	(d) If a county fiscal body imposes a tax rate:
7467		-	(1) under subsection (a)(1) or (a)(2) in an increment that does not
7468		-	exceed two-tenths of one percent (0.2%), one hundred percent
7469		-	(100%) of the revenue collected from the total tax rate; or
7470		-	(2) under subsection (a)(1) in an increment that exceeds
7471		-	two-tenths of one percent (0.2%):
7472		-	(A) one hundred percent (100%) of the revenue collected from
7473		-	that portion of the total tax rate that does not exceed an
7474		-	increment of two-tenths of one percent (0.2%); and
7475		-	(B) no revenue collected from that portion of the total tax rate
7476		-	SEA 1 — Concur 175
7477		-	that exceeds an increment of two-tenths of one percent (0.2%);
7478		-	may be used for operating expenses for correctional facilities and
7479		-	rehabilitation facilities in the county.
7480		-	SECTION 122. IC 6-3.6-6-2.8 IS REPEALED [EFFECTIVE
7481		-	JANUARY 1, 2028]. Sec. 2.8. (a) As used in this section, "emergency
7482		-	medical services" has the meaning set forth in IC 16-18-2-110.
7483		-	(b) The fiscal body of a county may adopt an ordinance to impose
7484		-	a tax rate for emergency medical services in the county. The tax rate
7485		-	must be in increments of one-hundredth of one percent (0.01%) and
7486		-	may not exceed two-tenths of one percent (0.2%). The tax rate may not
7487		-	be in effect for more than twenty-five (25) years.
7488		-	(c) The revenue generated by a tax rate imposed under this section
7489		-	must be distributed directly to the county before the remainder of the
7490		-	expenditure rate revenue is distributed. The revenue shall be
7491		-	maintained in a separate dedicated county fund and used by the county
7492		-	only for paying for operating costs incurred by the county for
7493		-	emergency medical services that are provided throughout the county.
7494		-	SECTION 123. IC 6-3.6-6-2.9 IS REPEALED [EFFECTIVE
7495		-	JANUARY 1, 2028]. Sec. 2.9. (a) For purposes of this section,
7496		-	"courtroom costs" includes staffing costs only for the court reporter,
7497		-	court bailiff, or court administrator.
7498		-	(b) A county fiscal body may adopt an ordinance to impose a tax
7499		-	rate for:
7500		-	(1) in the case of a tax rate adopted under this section before
7501		-	January 1, 2024, county staff expenses of the state judicial system
7502		-	in the county; or
7503		-	(2) in the case of a tax rate adopted under this section after
7504		-	December 31, 2023, courtroom costs of the state judicial system
7505		-	in the county.
7506		-	The tax rate must be in increments of one-hundredth of one percent
7507		-	(0.01%) and may not exceed two-tenths of one percent (0.2%). The tax
7508		-	rate may not be in effect for more than twenty-five (25) years.
7509		-	(c) The revenue generated by a tax rate imposed under this section
7510		-	must be distributed directly to the county before the remainder of the
7511		-	expenditure rate revenue is distributed. The revenue shall be
7512		-	maintained in a separate dedicated county fund. The revenue shall be
7513		-	used by the county:
7514		-	(1) in the case of a tax rate adopted under this section before
7515		-	January 1, 2024, only for paying for county staff expenses of the
7516		-	state judicial system in the county; and
7517		-	(2) in the case of a tax rate adopted under this section after
7518		-	December 31, 2023, only for paying the courtroom costs of the
7519		-	SEA 1 — Concur 176
7520		-	state judicial system in the county.
7521		-	(d) This subsection applies to a tax rate adopted under subsection
7522		-	(b)(1). The local income tax revenue budgeted and spent under this
7523		-	section by each county may not comprise more than fifty percent (50%)
7524		-	of the county's total budgeted operational staffing expenses related to
7525		-	the state judicial system in any given year.
7526		-	(e) This subsection applies to a tax rate adopted under subsection
7527		-	(b)(2). The local income tax revenue spent under this section by each
7528		-	county may not comprise more than fifty percent (50%) of the county's
7529		-	total operational staffing expenses related to the courtroom costs of the
7530		-	state judicial system in any given year.
7531		-	(f) Counties that enact an ordinance to impose a tax rate under this
7532		-	section shall annually report the following information for the prior
7533		-	calendar year by May 1 to the justice reinvestment advisory council
7534		-	established by IC 33-38-9.5-2:
7535		-	(1) The types of court positions paid with local income tax
7536		-	revenue generated by this section.
7537		-	(2) The number of court positions by type paid for with local
7538		-	income tax revenue generated by this section.
7539		-	(3) The average salary by type of court position paid for with local
7540		-	income tax revenue generated by this section.
7541		-	(4) The county's total budgeted and actual staffing expenses or
7542		-	courtroom costs, whichever is applicable, related to the state
7543		-	judicial system.
7544		-	(5) The county's portion of local income tax revenue that was
7545		-	actually spent on staffing expenses or courtroom costs, whichever
7546		-	is applicable, related to the state judicial system.
7547		-	(g) The justice reinvestment advisory council shall annually compile
7548		-	and report to the legislative council prior to July 1 of each year the
7549		-	information required in subsection (f) for each county. The report must
7550		-	be in an electronic format under IC 5-14-6.
7551		-	SECTION 124. IC 6-3.6-6-3, AS AMENDED BY P.L.137-2024,
7552		-	SECTION 9, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
7553		-	JULY 1, 2027]: Sec. 3. (a) Revenue raised from a tax imposed under
7554		-	this chapter shall be treated as follows:
7555		-	(1) To make the following distributions:
7556		-	(A) If an ordinance described in section 2.5 of this chapter is
7557		-	in effect in a county, to make a distribution to the county equal
7558		-	to the amount of revenue generated by the rate imposed under
7559		-	section 2.5 of this chapter.
7560		-	(B) If an ordinance described in section 2.6 of this chapter is
7561		-	in effect in a county, to make a distribution to the county equal
7562		-	SEA 1 — Concur 177
7563		-	to the amount of revenue generated by the rate imposed under
7564		-	section 2.6 of this chapter.
7565		-	(C) If an ordinance described in section 2.7 of this chapter is
7566		-	in effect in a county, to make a distribution to the county equal
7567		-	to the amount of revenue generated by the rate imposed under
7568		-	section 2.7 of this chapter.
7569		-	(D) If an ordinance described in section 2.8 of this chapter is
7570		-	in effect in a county, to make a distribution to the county equal
7571		-	to the amount of revenue generated by the rate imposed under
7572		-	section 2.8 of this chapter.
7573		-	(2) After making the distributions described in subdivision (1), if
7574		-	any, to make distributions to school corporations and civil taxing
7575		-	units in counties that formerly imposed a tax under IC 6-3.5-1.1
7576		-	(repealed). The revenue categorized from the next twenty-five
7577		-	hundredths percent (0.25%) of the rate for a former tax adopted
7578		-	under IC 6-3.5-1.1 (repealed) shall be allocated to school
7579		-	corporations and civil taxing units. The amount of the allocation
7580		-	to a school corporation or civil taxing unit shall be determined
7581		-	using the allocation amounts for civil taxing units and school
7582		-	corporations in the county.
7583		-	(3) After making the distributions described in subdivisions (1)
7584		-	and (2), the remaining revenue shall be treated as additional
7585		-	revenue (referred to as "additional revenue" in this chapter).
7586		-	Additional revenue may not be considered by the department of
7587		-	local government finance in determining:
7588		-	(A) any taxing unit's maximum permissible property tax levy
7589		-	limit under IC 6-1.1-18.5; or
7590		-	(B) the approved property tax rate for any fund.
7591		-	(b) (a) In the case of a civil taxing unit that has pledged the tax from
7592		-	additional general purpose revenue for the payment of bonds, leases,
7593		-	or other obligations as reported by the civil taxing unit under IC 5-1-18,
7594		-	the adopting body may not under section 4 of this chapter, reduce the
7595		-	proportional allocation of the additional general purpose revenue that
7596		-	was allocated in the preceding year if the reduction for that year would
7597		-	result in an amount less than the amount necessary for the payment of
7598		-	bonds, leases, or other obligations payable or required to be deposited
7599		-	in a sinking fund or other reserve in that year for the bonds, leases, or
7600		-	other obligations for which the tax from additional general purpose
7601		-	revenue has been pledged. To inform an adopting body with regard to
7602		-	allocations that affect the payment of bonds, leases, or other
7603		-	obligations, a taxing unit may provide the adopting body with
7604		-	information regarding any outstanding bonds, leases, or other
7605		-	SEA 1 — Concur 178
7606		-	obligations that are secured by additional general purpose revenue.
7607		-	The information must be provided before the date of the public hearing
7608		-	at which the adopting body may change the allocation of additional
7609		-	general purpose revenue under section 4 of this chapter.
7610		-	(b) In the case of a civil taxing unit that is obligated to make
	15012	+	valuation limitations under this section.".
	15013	+	Page 19, delete lines 1 through 11.
	15014	+	Page 19, line 20, delete "2026)" and insert "2027)".
	15015	+	Page 19, line 21, delete "2026)." and insert "2027).".
	15016	+	Page 20, delete lines 14 through 42.
	15017	+	Page 21, delete lines 1 through 31.
	15018	+	Page 72, delete lines 14 through 42.
	15019	+	Delete page 73.
	15020	+	Page 74, delete lines 1 through 20.
	15021	+	Page 95, line 31, delete "December 31," and insert "June 30,
	15022	+	2025.".
	15023	+	ES 1—LS 7244/DI 120 348
	15024	+	Page 95, line 32, delete "2025.".
	15025	+	Page 96, line 4, delete "December 31, 2025." and insert "June 30,
	15026	+	2025.".
	15027	+	Page 96, line 22, delete "January 1, 2026." and insert "July 1,
	15028	+	2025.".
	15029	+	Page 98, line 36, delete "December 31, 2025." and insert "June 30,
	15030	+	2025.".
	15031	+	Page 99, line 9, delete "December 31, 2025." and insert "June 30,
	15032	+	2025.".
	15033	+	Page 99, line 30, delete "January 1, 2026." and insert "July 1,
	15034	+	2025.".
	15035	+	Page 107, line 31, delete "December 31, 2025." and insert "June 30,
	15036	+	2025.".
	15037	+	Page 107, line 42, delete "December 31, 2025," and insert "June 30,
	15038	+	2025,".
	15039	+	Page 108, line 15, delete "January 1," and insert "July 1, 2025."
	15040	+	Page 108, line 16, delete "2026.".
	15041	+	Page 128, line 28, delete "seventy-five thousandths (0.075);" and
	15042	+	insert "one-tenth (0.1);".
	15043	+	Page 128, line 29, delete "two hundred dollars ($200)." and insert
	15044	+	"three hundred dollars ($300).".
	15045	+	Page 140, line 12, delete "the enactment of the exemption for".
	15046	+	Page 140, delete line 13.
	15047	+	Page 140, line 14, delete "under IC 6-1.1-10.4,".
	15048	+	Page 140, line 14, after "IC 6-1.1-3-29" delete ",".
	15049	+	Page 142, line 42, reset in roman "subsection".
	15050	+	Page 142, line 42, delete "subsections (e) and (f)," and insert "(e),".
	15051	+	Page 144, delete lines 12 through 15.
	15052	+	Page 145, delete lines 11 through 42.
	15053	+	Delete page 146.
	15054	+	Page 147, delete lines 1 through 10.
	15055	+	Page 184, line 2, after "(b)" insert "(a)".
	15056	+	Page 184, between lines 19 and 20, begin a new paragraph and
	15057	+	insert:
	15058	+	"(b) In the case of a civil taxing unit that is obligated to make
7611	15059		payments to the northwest Indiana regional development authority
7612	15060		from general purpose revenue for the payment of bonds, leases, or
7613	15061		other obligations related to northwest Indiana rail projects (as
7614	15062		defined in IC 5-1.3-2-14) and projects described in IC 36-7.5-4-2.5,
7615	15063		the adopting body may not reduce the proportional allocation
7616	15064		amounts of the general purpose revenue as allocated in the
7617	15065		immediately preceding year if the reduction would result in an
	15066	+	ES 1—LS 7244/DI 120 349
7618	15067		allocation that is less than the amount necessary for the civil taxing
7619	15068		unit to make the payments to the northwest Indiana regional
7620	15069		development authority for the payment of the bonds, leases, or
7621		-	other obligations.
7622		-	SECTION 125. IC 6-3.6-6-3.1 IS ADDED TO THE INDIANA
7623		-	CODE AS A NEW SECTION TO READ AS FOLLOWS
7624		-	[EFFECTIVE JULY 1, 2025]: Sec. 3.1. (a) As used in this section,
7625		-	"homestead" has the meaning set forth in IC 6-1.1-12-37.
7626		-	(b) A county fiscal body may adopt an ordinance to impose a tax
7627		-	rate for the purpose of funding property tax homestead credits to
7628		-	reduce the property tax liability of taxpayers who own homesteads
7629		-	that are:
7630		-	(1) located in the county; and
7631		-	(2) eligible for a credit under IC 6-1.1-20.6-7.5 that limits the
7632		-	taxpayer's property tax liability for the property to one
7633		-	percent (1%).
7634		-	Revenue collected from a tax rate imposed under this section may
7635		-	only be used to fund replacement of the county's property tax levy.
7636		-	Property taxes imposed due to a referendum in which a majority
7637		-	of the voters in the taxing unit imposing the property taxes
7638		-	approved the property taxes are not eligible for a credit under this
7639		-	section.
7640		-	(c) The tax rate must be in increments of one-hundredth of one
7641		-	percent (0.01%) and may not exceed three-tenths of one percent
7642		-	(0.3%).
7643		-	(d) A tax imposed under this section shall be treated as property
7644		-	taxes for all purposes. However, the department of local
7645		-	government finance may not reduce:
7646		-	(1) any taxing unit's maximum permissible property tax levy
7647		-	limit under IC 6-1.1-18.5; or
7648		-	SEA 1 — Concur 179
7649		-	(2) the approved property tax levy or rate for any fund;
7650		-	by the amount of any credits granted under this chapter.
7651		-	(e) The homestead credits shall be applied to the net property
7652		-	taxes due on the homestead after the application of any credit
7653		-	granted under IC 6-1.1, including any credit granted under
7654		-	IC 6-1.1-20.4 and IC 6-1.1-20.6.
7655		-	(f) The property tax credits must be applied uniformly to
7656		-	provide a homestead credit for homesteads in the county.
7657		-	(g) The county auditor shall allocate the amount of revenue
7658		-	applied as tax credits under this section to the taxing units that
7659		-	imposed the eligible property taxes against which the credits are
7660		-	applied.
7661		-	(h) The department of local government finance shall assist
7662		-	county fiscal bodies and county auditors in calculating credit
7663		-	percentages and amounts.
7664		-	(i) Notwithstanding any provision to the contrary in this
7665		-	chapter, a tax imposed under this section:
7666		-	(1) may be imposed on the adjusted gross income of taxpayers
7667		-	before January 1, 2028; and
7668		-	(2) terminates and may not be imposed on the adjusted gross
7669		-	income of taxpayers after December 31, 2027.
7670		-	(j) This section expires January 1, 2028.
7671		-	SECTION 126. IC 6-3.6-6-4, AS AMENDED BY P.L.247-2017,
7672		-	SECTION 15, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
7673		-	JULY 1, 2027]: Sec. 4. (a) General purpose revenue raised from a
7674		-	tax rate under section 2(b)(1) of this chapter must be distributed
7675		-	directly to the county. The money may be used by the county fiscal
7676		-	body for any of the purposes of the county, including for:
7677		-	(1) public safety, including funding for a PSAP;
7678		-	(2) economic development purposes described in IC 6-3.6-10;
7679		-	(3) acute care hospitals;
7680		-	(4) correctional facilities and rehabilitation facilities;
7681		-	(5) county staff expenses of the state judicial system; and
7682		-	(6) homestead property tax credits to fund replacement of the
7683		-	county's property tax levy.
7684		-	(b) The adopting body shall, by ordinance, determine how the
7685		-	additional general purpose revenue from a tax under this chapter must
7686		-	be allocated in subsequent years. The allocations are subject to
7687		-	IC 6-3.6-11. The ordinance must be adopted as provided in IC 6-3.6-3
7688		-	and takes effect and applies as specified in IC 6-3.6-3-3. The ordinance
7689		-	continues to apply thereafter until it is rescinded or modified. The
7690		-	revenue must be allocated among one (1) or more of the following uses
7691		-	SEA 1 — Concur 180
7692		-	as provided in this chapter:
7693		-	(1) Public safety.
7694		-	(2) Economic development projects.
7695		-	(3) Certified shares.
7696		-	The ordinance must describe the allocation of additional revenue by
7697		-	use of percentages.
7698		-	SECTION 127. IC 6-3.6-6-4.3 IS ADDED TO THE INDIANA
7699		-	CODE AS A NEW SECTION TO READ AS FOLLOWS
7700		-	[EFFECTIVE JULY 1, 2027]: Sec. 4.3. (a) Revenue raised from a tax
7701		-	rate for fire protection and emergency medical services under
7702		-	section 2(b)(2) of this chapter shall be distributed by the county to
7703		-	each fire protection district, fire protection territory, and
7704		-	municipal fire department located within the county. At the
7705		-	discretion of the county council, the county may distribute revenue
7706		-	raised from a tax rate for fire protection and emergency medical
7707		-	services under section 2(b)(2) of this chapter to township fire
7708		-	departments and volunteer fire departments.
7709		-	(b) Revenue raised from a tax rate for fire protection and
7710		-	emergency medical services under section 2(b)(2) of this chapter
7711		-	shall be allocated to each fire protection district, fire protection
7712		-	territory, municipal fire department, and, if applicable, township
7713		-	fire departments and volunteer fire departments, based on the
7714		-	following formula:
7715		-	STEP ONE: For each provider of fire protection and
7716		-	emergency medical services located within the county that is
7717		-	eligible to receive revenue under this section, determine the
7718		-	population living within the service boundaries of the
7719		-	provider using the most recent federal decennial census.
7720		-	STEP TWO: For each provider of fire protection and
7721		-	emergency medical services located within the county that is
7722		-	eligible to receive revenue under this section, determine the
7723		-	number of square miles within the service boundaries of the
7724		-	provider.
7725		-	STEP THREE: For each provider of fire protection and
7726		-	emergency medical services located within the county that is
7727		-	eligible to receive revenue under this section, determine the
7728		-	product of:
7729		-	(A) the STEP TWO amount; multiplied by
7730		-	(B) twenty (20).
7731		-	STEP FOUR: For each provider of fire protection and
7732		-	emergency medical services located within the county that is
7733		-	eligible to receive revenue under this section, determine the
7734		-	SEA 1 — Concur 181
7735		-	sum of:
7736		-	(A) the STEP ONE result; plus
7737		-	(B) the STEP THREE result.
7738		-	STEP FIVE: Determine the sum total of the STEP FOUR
7739		-	results for each provider of fire protection and emergency
7740		-	medical services located within the county that is eligible to
7741		-	receive revenue under this section.
7742		-	STEP SIX: The percentage of revenue that shall be
7743		-	distributed to each provider of fire protection and emergency
7744		-	medical services located within the county that is eligible to
7745		-	receive revenue under this section is equal to:
7746		-	(A) the STEP FOUR result for the provider; divided by
7747		-	(B) the STEP FIVE result.
7748		-	SECTION 128. IC 6-3.6-6-4.5 IS ADDED TO THE INDIANA
7749		-	CODE AS A NEW SECTION TO READ AS FOLLOWS
7750		-	[EFFECTIVE JULY 1, 2027]: Sec. 4.5. (a) Revenue raised from a tax
7751		-	rate for nonmunicipal civil taxing units under section 2(b)(3) of this
7752		-	chapter may be distributed by the county to nonmunicipal civil
7753		-	taxing units subject to the provisions of this section.
7754		-	(b) Subject to the maximum aggregate tax rate of not more than
7755		-	two-tenths of one percent (0.2%) under section 2(b)(3) of this
7756		-	chapter, the adopting body may adopt a tax rate for each type of
7757		-	nonmunicipal civil taxing unit, which may not exceed more than
7758		-	five-hundredths of one percent (0.05%) for any given unit type.
7759		-	The revenue raised from a tax rate for a specific type of
7760		-	nonmunicipal civil taxing unit shall be allocated to all
7761		-	nonmunicipal civil taxing units of that same type located within the
7762		-	county on a pro rata per capita basis, subject to subsection (e).
7763		-	(c) A county solid waste management district (as defined in
7764		-	IC 13-11-2-47) or a joint solid waste management district (as
7765		-	defined in IC 13-11-2-113) is not an eligible nonmunicipal civil
7766		-	taxing unit for the purpose of receiving an allocation of general
7767		-	purpose revenue under this chapter unless a majority of the
7768		-	members of each of the county fiscal bodies of the counties within
7769		-	the district passes a resolution approving the distribution.
7770		-	(d) A resolution passed by a county fiscal body under subsection
7771		-	(c) may:
7772		-	(1) expire on a date specified in the resolution; or
7773		-	(2) remain in effect until the county fiscal body revokes or
7774		-	rescinds the resolution.
7775		-	(e) A nonmunicipal civil taxing unit wishing to receive a share
7776		-	of revenue under this section in a year must adopt a resolution
7777		-	SEA 1 — Concur 182
7778		-	requesting the distribution from the county and must provide a
7779		-	certified copy of the resolution to the adopting body not later than
7780		-	July 1 of the year immediately preceding the distribution year. Not
7781		-	later than August 1 of the year immediately preceding the
7782		-	distribution year, the adopting body shall hold a public hearing on
7783		-	the resolution requesting the distribution and provide the public
7784		-	with notice of the time and place where the public hearing will be
7785		-	held. The notice must be given in accordance with IC 5-3-1 and
7786		-	include a description of the resolution requesting the distribution
7787		-	from the county.
7788		-	(f) If a nonmunicipal civil taxing unit adopts a resolution under
7789		-	this subsection and provides the resolution to the adopting body as
7790		-	set forth in this subsection, the county shall distribute to the
7791		-	nonmunicipal civil taxing unit an amount of revenue raised from
7792		-	the tax rate under section 2(b)(3) of this chapter for the
7793		-	distribution year as set forth in subsection (f).
7794		-	(g) If one (1) or more, but not all, nonmunicipal civil taxing
7795		-	units adopt a resolution under subsection (e) requesting a
7796		-	distribution in a given year, the county may either distribute the
7797		-	total amount of revenue raised from the tax rate under section
7798		-	2(b)(3) of this chapter to only those nonmunicipal civil taxing units
7799		-	that have provided a resolution request, or the county may
7800		-	distribute the total amount of revenue raised from a tax rate under
7801		-	section 2(b)(3) of this chapter to all nonmunicipal civil taxing units
7802		-	as set forth in this section. If no nonmunicipal civil taxing units
7803		-	adopt a resolution to request a distribution in a given year, the
7804		-	county may retain the revenue raised from a tax rate for
7805		-	nonmunicipal civil taxing units for that year and use the revenue
7806		-	as general purpose revenue for the county under section 4 of this
7807		-	chapter.
7808		-	SECTION 129. IC 6-3.6-6-6.1 IS ADDED TO THE INDIANA
7809		-	CODE AS A NEW SECTION TO READ AS FOLLOWS
7810		-	[EFFECTIVE JULY 1, 2027]: Sec. 6.1. (a) Revenue raised from a tax
7811		-	rate for certain cities and towns under section 2(b)(4) of this
7812		-	chapter may be distributed by the county to those cities and towns
7813		-	subject to the provisions of this section.
7814		-	(b) Subject to subsection (g), the revenue raised from a tax rate
7815		-	under section 2(b)(4) of this chapter shall be allocated to the cities
7816		-	and towns based on the population of the city or the population of
7817		-	the town, whichever is applicable, compared to the population of
7818		-	all the cities or the population of all the towns, whichever is
7819		-	applicable, that are eligible for a distribution, subject to subsection
7820		-	SEA 1 — Concur 183
7821		-	(d). For purposes of this determination, if the boundaries of a city
7822		-	or town are located in more than one (1) county, only the portion
7823		-	of the population of the city or town that is located within the
7824		-	county imposing the tax rate under section 2(b)(4) of this chapter
7825		-	shall be considered.
7826		-	(c) The money may be used by the city or town fiscal body for
7827		-	any of the purposes of the city or town, including public safety (as
7828		-	defined in IC 6-3.6-2-14) and economic development purposes
7829		-	described in IC 6-3.6-10. The city or town fiscal body may pledge
7830		-	its general purpose revenue to the payment of bonds or to lease
7831		-	payments as set forth in this chapter.
7832		-	(d) An eligible city or town wishing to receive a share of revenue
7833		-	under this section in a year must adopt a resolution requesting the
7834		-	distribution from the county and must provide a certified copy of
7835		-	the resolution to the adopting body not later than July 1 of the year
7836		-	immediately preceding the distribution year. Not later than August
7837		-	1 of the year immediately preceding the distribution year, the
7838		-	adopting body shall hold a public hearing on the resolution
7839		-	requesting the distribution and provide the public with notice of
7840		-	the time and place where the public hearing will be held. The notice
7841		-	must be given in accordance with IC 5-3-1 and include a
7842		-	description of the resolution requesting the distribution from the
7843		-	county.
7844		-	(e) Subject to subsection (g), if an eligible city or town adopts a
7845		-	resolution under this subsection and provides the resolution to the
7846		-	adopting body as set forth in this subsection, the county shall
7847		-	distribute to the eligible city or town unit an amount of revenue
7848		-	raised from the tax rate under section 2(b)(4) of this chapter for
7849		-	the distribution year as set forth in subsection (f).
7850		-	(f) Subject to subsection (g), if one (1) or more, but not all,
7851		-	eligible cities or towns adopt a resolution under subsection (d)
7852		-	requesting a distribution in a given year, the county may either
7853		-	distribute the total amount of revenue raised from the tax rate
7854		-	under section 2(b)(4) of this chapter to only those eligible cities or
7855		-	towns that have provided a resolution request, or the county may
7856		-	distribute the total amount of revenue raised from a tax rate under
7857		-	section 2(b)(4) of this chapter to all eligible cities or towns as set
7858		-	forth in this section. If no eligible city or town adopts a resolution
7859		-	to request a distribution in a given year, the county may retain the
7860		-	revenue raised from a tax rate for the eligible city or town for that
7861		-	year and use the revenue as general purpose revenue for the county
7862		-	under section 4 of this chapter.
7863		-	SEA 1 — Concur 184
7864		-	(g) Notwithstanding any provision to the contrary in this
7865		-	section, if an adopting body that imposes a tax rate of one and
7866		-	two-tenths percent (1.2%) under section 2(b)(1) of this chapter
7867		-	subsequently adopts an ordinance to concurrently impose a tax
7868		-	rate under section 2(b)(4) of this chapter:
7869		-	(1) seventy-five percent (75%) of the revenue received from
7870		-	the tax rate imposed under section 2(b)(4) of this chapter shall
7871		-	be retained by the county and may be used for the purposes
7872		-	described in section 4 of this chapter; and
7873		-	(2) twenty-five percent (25%) of the revenue received from
7874		-	the tax rate imposed under section 2(b)(4) of this chapter shall
7875		-	be distributed among the eligible cities and towns as set forth
7876		-	in this section and may be used for the purposes set forth in
7877		-	this section.
7878		-	However, the adopting body may, by ordinance, determine to
7879		-	allocate any percentage of the revenue that would otherwise be
7880		-	retained by the county under subdivision (1) to instead be allocated
7881		-	among the eligible cities and towns under subdivision (2).
7882		-	SECTION 130. IC 6-3.6-6-8, AS AMENDED BY P.L.101-2024,
7883		-	SECTION 2, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
7884		-	JULY 1, 2027]: Sec. 8. (a) This section applies to the allocation of
7885		-	additional revenue from a tax under this chapter to public safety
7886		-	purposes. Funding dedicated for a PSAP under a former tax continues
7887		-	to apply under this chapter until it is rescinded or modified. If funding
7888		-	was not dedicated for a PSAP under a former tax, the adopting body
7889		-	may adopt a resolution providing that all or part of the additional
7890		-	revenue allocated to public safety is to be dedicated for a PSAP. The
7891		-	resolution first applies in the following year and then thereafter until it
7892		-	is rescinded or modified. Funding dedicated for a PSAP shall be
7893		-	allocated and distributed as provided in IC 6-3.6-11-4.
7894		-	(b) Except as provided in subsections (c) and (d), the amount of the
7895		-	certified distribution that is allocated to public safety purposes, and
7896		-	after making allocations under IC 6-3.6-11, shall be allocated to the
7897		-	county and to each municipality in the county that is carrying out or
7898		-	providing at least one (1) public safety purpose. For purposes of this
7899		-	subsection, in the case of a consolidated city, the total property taxes
7900		-	imposed by the consolidated city include the property taxes imposed by
7901		-	the consolidated city and all special taxing districts (except for a public
7902		-	library district, a public transportation corporation, and a health and
7903		-	hospital corporation), and all special service districts. The amount
7904		-	allocated under this subsection to a county or municipality is equal to
7905		-	the result of:
7906		-	SEA 1 — Concur 185
7907		-	(1) the amount of the remaining certified distribution that is
7908		-	allocated to public safety purposes; multiplied by
7909		-	(2) a fraction equal to:
7910		-	(A) in the case of a county that initially imposed a rate for
7911		-	public safety under IC 6-3.5-6 (repealed), the result of the total
7912		-	property taxes imposed in the county by the county or
7913		-	municipality for the calendar year preceding the distribution
7914		-	year, divided by the sum of the total property taxes imposed in
7915		-	the county by the county and each municipality in the county
7916		-	that is entitled to a distribution under this section for that
7917		-	calendar year; or
7918		-	(B) in the case of a county that initially imposed a rate for
7919		-	public safety under IC 6-3.5-1.1 (repealed) or a county that did
7920		-	not impose a rate for public safety under either IC 6-3.5-1.1
7921		-	(repealed) or IC 6-3.5-6 (repealed), the result of the attributed
7922		-	allocation amount of the county or municipality for the
7923		-	calendar year preceding the distribution year, divided by the
7924		-	sum of the attributed allocation amounts of the county and
7925		-	each municipality in the county that is entitled to a distribution
7926		-	under this section for that calendar year.
7927		-	(c) (a) A fire department, volunteer fire department, or emergency
7928		-	medical services provider that:
7929		-	(1) provides fire protection or emergency medical services within
7930		-	the county; and
7931		-	(2) is operated by or serves a political subdivision that is not
7932		-	otherwise entitled to receive a distribution of tax revenue under
7933		-	this section;
7934		-	may, before July 1 of a year, apply to the adopting body for a
7935		-	distribution of tax revenue under this section 4.3 of this chapter during
7936		-	the following calendar year. The adopting body shall review an
7937		-	application submitted under this subsection. However, after giving
7938		-	notice under IC 5-3-1, the adopting body shall review an application by
7939		-	a township that provided fire protection or emergency medical services
7940		-	in the most recent calendar year and imposed a property tax levy for the
7941		-	provision of fire protection or emergency medical services within the
7942		-	county in the most recent calendar year at a public hearing. The
7943		-	adopting body may review multiple applications submitted under this
7944		-	subsection at one (1) public hearing. If applicable, a township shall
7945		-	present and explain its application at the public hearing. Not later than
7946		-	ten (10) days after the public hearing, if applicable, but before
7947		-	September 1 of a year, the adopting body may adopt a resolution
7948		-	requiring that one (1) or more of the applicants shall receive a specified
7949		-	SEA 1 — Concur 186
7950		-	amount of the tax revenue to be distributed under this section 4.3 of
7951		-	this chapter during the following calendar year. The adopting body
7952		-	shall provide a copy of the resolution to the county auditor and the
7953		-	department of local government finance not more than fifteen (15) days
7954		-	after the resolution is adopted. A resolution adopted under this
7955		-	subsection and provided in a timely manner to the county auditor and
7956		-	the department applies only to distributions in the following calendar
7957		-	year. Any amount of tax revenue distributed under this subsection to a
7958		-	fire department, volunteer fire department, or emergency medical
7959		-	services provider shall be distributed before the remainder of the tax
7960		-	revenue is allocated under subsection (b).
7961		-	(d) (b) A township fire department, volunteer fire department, fire
7962		-	protection territory, or fire protection district that:
7963		-	(1) provides fire protection or emergency medical services within
7964		-	a county; and
7965		-	(2) is operated by or serves a political subdivision;
7966		-	may, before July 1 of a year, apply to the adopting body for a
7967		-	distribution of tax revenue under this section 4.3 of this chapter during
7968		-	the following calendar year. The adopting body shall review an
7969		-	application submitted under this subsection. However, after giving
7970		-	notice under IC 5-3-1, the adopting body shall review an application
7971		-	submitted by a township that provided fire protection or emergency
7972		-	medical services in the most recent calendar year and that imposed a
7973		-	property tax levy for the provision of fire protection or emergency
7974		-	medical services within the county in the most recent calendar year at
7975		-	a public hearing. The adopting body may review multiple applications
7976		-	submitted under this subsection at one (1) public hearing. If applicable,
7977		-	a township shall present and explain its application at the public
7978		-	hearing. From the amount of the certified distribution that is allocated
7979		-	to public safety purposes, and after making allocations under
7980		-	IC 6-3.6-11, the adopting body may adopt a resolution that one (1) or
7981		-	more township fire departments, volunteer fire departments, fire
7982		-	protection territories, or fire protection districts shall receive an amount
7983		-	of the tax revenue to be distributed under this section 4.3 of this
7984		-	chapter during the following calendar year up to one hundred percent
7985		-	(100%) of the revenue collected from that portion of the tax rate
7986		-	imposed for allocations for public safety purposes that does not exceed
7987		-	a rate of five one-hundredths of one percent (0.05%). A resolution
7988		-	adopted under this subsection must include information on the service
7989		-	area for each township fire department, volunteer fire department, fire
7990		-	protection territory, or fire protection district, as applicable. Any
7991		-	distribution under this subsection must be based on the assessed value
7992		-	SEA 1 — Concur 187
7993		-	of real property, not including land, that is served by each township fire
7994		-	department, volunteer fire department, fire protection territory, or fire
7995		-	protection district, as applicable. The adopting body shall provide a
7996		-	copy of the resolution to the county auditor and the department of local
7997		-	government finance not more than fifteen (15) days after the resolution
7998		-	is adopted. A resolution adopted under this subsection and provided in
7999		-	a timely manner to the county auditor and the department applies only
8000		-	to distributions in the following calendar year. Any amount of tax
8001		-	revenue distributed under this subsection to a township fire department,
8002		-	volunteer fire department, fire protection territory, or fire protection
8003		-	district, as applicable, shall be distributed before the remainder of the
8004		-	tax revenue is allocated under subsection (b).
8005		-	SECTION 131. IC 6-3.6-6-8.5, AS AMENDED BY P.L.104-2022,
8006		-	SECTION 28, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
8007		-	JULY 1, 2027]: Sec. 8.5. (a) This section applies only to Marion
8008		-	County.
8009		-	(b) The adopting body may allocate additional general purpose
8010		-	revenue to fund the operation of a public library in Marion County as
8011		-	provided in an election, if any, made by the county fiscal body under
8012		-	IC 36-3-7-6. An allocation under this section shall be made from the
8013		-	part of the additional revenue that would otherwise be allocated as
8014		-	certified shares.
8015		-	(c) The adopting body may allocate additional general purpose
8016		-	revenue to fund the operation of a public transportation corporation as
8017		-	provided in an election, if any, made by the county fiscal body under
8018		-	IC 36-9-4-42. An allocation under this section shall be made from the
8019		-	part of the additional revenue that would otherwise be allocated as
8020		-	certified shares.
8021		-	(d) The adopting body may allocate additional general purpose
8022		-	revenue to fund the operation of a public communications systems and
8023		-	computer facilities district as provided in an election, if any, made by
8024		-	the county fiscal body under IC 36-8-15-19(b). The additional revenue
8025		-	shall be allocated and distributed before the allocation and distribution
8026		-	of the remaining tax revenue under this chapter.
8027		-	SECTION 132. IC 6-3.6-6-9 IS REPEALED [EFFECTIVE JULY
8028		-	1, 2027]. Sec. 9. (a) This section applies to the allocation of additional
8029		-	revenue from a tax under this chapter for economic development
8030		-	purposes.
8031		-	(b) Money designated for economic development purposes shall be
8032		-	allocated to the county, cities, and towns for use by the taxing unit's
8033		-	fiscal body for any of the purposes described in IC 6-3.6-10. Except as
8034		-	provided in subsections (c) and (d) and IC 6-3.6-11, and subject to
8035		-	SEA 1 — Concur 188
8036		-	adjustment as provided in IC 36-8-19-7.5, the amount of the certified
8037		-	distribution allocated to economic development purposes that the
8038		-	county and each city or town in a county is entitled to receive each
8039		-	month of each year equals the amount determined using the following
8040		-	formula:
8041		-	STEP ONE: Determine the sum of:
8042		-	(A) the total property taxes being imposed by the county, city,
8043		-	or town during the calendar year preceding the distribution
8044		-	year; plus
8045		-	(B) for a county, the welfare allocation amount.
8046		-	STEP TWO: Determine the quotient of:
8047		-	(A) The STEP ONE amount; divided by
8048		-	(B) the sum of the total property taxes that are first due and
8049		-	payable to the county and all cities and towns of the county
8050		-	during the calendar year preceding the distribution year plus
8051		-	the welfare allocation amount.
8052		-	STEP THREE: Determine the product of:
8053		-	(A) the amount of the certified distribution allocated to
8054		-	economic development purposes for that month; multiplied by
8055		-	(B) the STEP TWO amount.
8056		-	(c) The body imposing the tax may adopt an ordinance before
8057		-	August 2 of a year to provide for a distribution of the amount allocated
8058		-	to economic development purposes based on population instead of a
8059		-	distribution under subsection (b). The following apply if an ordinance
8060		-	is adopted under this subsection:
8061		-	(1) The ordinance is effective January 1 of the following year.
8062		-	(2) The amount of the certified distribution allocated to economic
8063		-	development purposes that the county and each city and town in
8064		-	the county are entitled to receive during each month of each year
8065		-	equals the product of:
8066		-	(A) the amount of the certified distribution that is allocated to
8067		-	economic development purposes for the month; multiplied by
8068		-	(B) the quotient of:
8069		-	(i) for a city or town, the population of the city or the town
8070		-	that is located in the county and for a county, the population
8071		-	of the part of the county that is not located in a city or town;
8072		-	divided by
8073		-	(ii) the population of the entire county.
8074		-	(3) The ordinance may be made irrevocable for the duration of
8075		-	specified lease rental or debt service payments.
8076		-	(d) In a county having a consolidated city, only the consolidated city
8077		-	is entitled to the amount of the certified distribution that is allocated to
8078		-	SEA 1 — Concur 189
8079		-	economic development purposes.
8080		-	SECTION 133. IC 6-3.6-6-9.5, AS ADDED BY P.L.243-2015,
8081		-	SECTION 10, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
8082		-	JULY 1, 2027]: Sec. 9.5. (a) The executive of a county, city, or town
8083		-	may:
8084		-	(1) adopt a capital improvement plan specifying the uses of the
8085		-	additional general purpose revenue to be allocated for economic
8086		-	development purposes; or
8087		-	(2) designate the county or a city or town in the county as the
8088		-	recipient of all or a part of its share of the additional general
8089		-	purpose revenue that is distributed to it for economic
8090		-	development purposes.
8091		-	(b) If a designation is made under subsection (a)(2), the county
8092		-	treasurer shall transfer the share or part of the share to the designated
8093		-	unit unless that unit does not have a capital improvement plan.
8094		-	(c) A county, city, or town that fails to adopt a capital improvement
8095		-	plan may not receive
8096		-	(1) its fractional amount of the additional revenue to be allocated
8097		-	for economic development purposes; or
8098		-	(2) any amount designated under subsection (a)(2)
8099		-	for the year or years in which the unit does not have a plan. The county
8100		-	treasurer shall retain the amounts not distributed for such a unit in a
8101		-	separate account until the unit adopts a plan. Interest on the separate
8102		-	account becomes part of the account. If a unit fails to adopt a plan for
8103		-	a period of three (3) years, the balance in the separate account shall be
8104		-	distributed to the other units in the county in the same manner that
8105		-	other additional general purpose revenue allocated for economic
8106		-	development purposes is distributed.
8107		-	(d) A capital improvement plan must include the following
8108		-	components:
8109		-	(1) Identification and general description of each project that
8110		-	would be funded by other additional general purpose revenue
8111		-	allocated for economic development purposes.
8112		-	(2) The estimated total cost of the project.
8113		-	(3) Identification of all sources of funds expected to be used for
8114		-	each project.
8115		-	(4) The planning, development, and construction schedule of each
8116		-	project.
8117		-	(e) A capital improvement plan:
8118		-	(1) must encompass a period of not less than two (2) years; and
8119		-	(2) must incorporate projects the cost of which is at least
8120		-	seventy-five percent (75%) of the fractional amount of additional
8121		-	SEA 1 — Concur 190
8122		-	general purpose revenue allocated for economic development
8123		-	purposes that is expected to be received by the county, city, or
8124		-	town in that period.
8125		-	(f) In making a designation under subsection (a)(2), the executive
8126		-	must specify the purpose and duration of the designation. If the
8127		-	designation is made to provide for the payment of lease rentals or bond
8128		-	payments, the executive may specify that the designation and its
8129		-	duration are irrevocable.
8130		-	SECTION 134. IC 6-3.6-6-10 IS REPEALED [EFFECTIVE JULY
8131		-	1, 2027]. Sec. 10. (a) This section applies to additional revenue from
8132		-	a tax under this chapter that is allocated for certified shares.
8133		-	(b) Additional revenue remaining from a tax imposed under this
8134		-	chapter, after deducting the amounts allocated to public safety purposes
8135		-	and economic development purposes, shall be allocated among the civil
8136		-	taxing units as certified shares.
8137		-	SECTION 135. IC 6-3.6-6-11 IS REPEALED [EFFECTIVE JULY
8138		-	1, 2027]. Sec. 11. (a) Except as provided in this chapter and
8139		-	IC 6-3.6-11, this section applies to an allocation of certified shares in
8140		-	all counties.
8141		-	(b) Any civil taxing unit that imposed an ad valorem property tax
8142		-	levy in the county for the calendar year preceding the distribution year
8143		-	is eligible for an allocation for the distribution year under this chapter.
8144		-	(c) A school corporation is not a civil taxing unit for the purpose of
8145		-	receiving an allocation of certified shares under this chapter. The
8146		-	distributions to school corporations and civil taxing units in counties
8147		-	that formerly imposed a tax under IC 6-3.5-1.1 (repealed) as provided
8148		-	in section 3(a)(2) of this chapter is not considered an allocation of
8149		-	certified shares. A school corporation's allocation amount for purposes
8150		-	of section 3(a)(2) of this chapter shall be determined under section 12
8151		-	of this chapter.
8152		-	(d) A county solid waste management district (as defined in
8153		-	IC 13-11-2-47) or a joint solid waste management district (as defined
8154		-	in IC 13-11-2-113) is not a civil taxing unit for the purpose of receiving
8155		-	an allocation of certified shares under this chapter unless a majority of
8156		-	the members of each of the county fiscal bodies of the counties within
8157		-	the district passes a resolution approving the distribution.
8158		-	(e) A resolution passed by a county fiscal body under subsection (d)
8159		-	may:
8160		-	(1) expire on a date specified in the resolution; or
8161		-	(2) remain in effect until the county fiscal body revokes or
8162		-	rescinds the resolution.
8163		-	SECTION 136. IC 6-3.6-6-12 IS REPEALED [EFFECTIVE JULY
8164		-	SEA 1 — Concur 191
8165		-	1, 2027]. Sec. 12. (a) Except as provided in this chapter and
8166		-	IC 6-3.6-11, this section applies to an allocation of certified shares in
8167		-	all counties.
8168		-	(b) The allocation amount of a civil taxing unit during a calendar
8169		-	year must be based on the amounts for the calendar year preceding the
8170		-	distribution year and is equal to the amount determined using the
8171		-	following formula:
8172		-	STEP ONE: Determine the sum of the total property taxes being
8173		-	imposed by the civil taxing unit.
8174		-	STEP TWO: Determine the sum of the following:
8175		-	(A) Amounts appropriated from property taxes to pay the
8176		-	principal of or interest on any debenture or other debt
8177		-	obligation issued after June 30, 2005, other than an obligation
8178		-	described in subsection (c).
8179		-	(B) Amounts appropriated from property taxes to make
8180		-	payments on any lease entered into after June 30, 2005, other
8181		-	than a lease described in subsection (d).
8182		-	STEP THREE: Subtract the STEP TWO amount from the STEP
8183		-	ONE amount.
8184		-	STEP FOUR: Determine the sum of:
8185		-	(A) the STEP THREE amount; plus
8186		-	(B) the civil taxing unit's certified shares plus the amount
8187		-	distributed under section 3(a)(2) of this chapter for the
8188		-	previous calendar year.
8189		-	The allocation amount is subject to adjustment as provided in
8190		-	IC 36-8-19-7.5.
8191		-	(c) Except as provided in this subsection, an appropriation for the
8192		-	calendar year preceding the distribution year from property taxes to
8193		-	repay interest and principal of a debt obligation is not deducted from
8194		-	the allocation amount for a civil taxing unit if:
8195		-	(1) the debt obligation was issued; and
8196		-	(2) the proceeds were appropriated from property taxes;
8197		-	to refund or otherwise refinance a debt obligation or a lease issued
8198		-	before July 1, 2005. However, an appropriation from property taxes
8199		-	related to a debt obligation issued after June 30, 2005, is deducted if
8200		-	the debt extends payments on a debt or lease beyond the time in which
8201		-	the debt or lease would have been payable if the debt or lease had not
8202		-	been refinanced or increases the total amount that must be paid on a
8203		-	debt or lease in excess of the amount that would have been paid if the
8204		-	debt or lease had not been refinanced. The amount of the deduction is
8205		-	the annual amount for each year of the extension period or the annual
8206		-	amount of the increase over the amount that would have been paid.
8207		-	SEA 1 — Concur 192
8208		-	(d) Except as provided in this subsection, an appropriation for the
8209		-	calendar year preceding the distribution year from property taxes to
8210		-	make payments on a lease is not deducted from the allocation amount
8211		-	for a civil taxing unit if:
8212		-	(1) the lease was issued; and
8213		-	(2) the proceeds were appropriated from property taxes;
8214		-	to refinance a debt obligation or lease issued before July 1, 2005.
8215		-	However, an appropriation from property taxes related to a lease
8216		-	entered into after June 30, 2005, is deducted if the lease extends
8217		-	payments on a debt or lease beyond the time in which the debt or lease
8218		-	would have been payable if the debt or lease had not been refinanced
8219		-	or increases the total amount that must be paid on a debt or lease in
8220		-	excess of the amount that would have been paid if the debt or lease had
8221		-	not been refinanced. The amount of the deduction is the annual amount
8222		-	for each year of the extension period or the annual amount of the
8223		-	increase over the amount that would have been paid.
8224		-	SECTION 137. IC 6-3.6-6-14 IS REPEALED [EFFECTIVE JULY
8225		-	1, 2027]. Sec. 14. (a) This section applies to an allocation of certified
8226		-	shares in a county other than Marion County.
8227		-	(b) Subject to this chapter, certified shares must be allocated among
8228		-	civil taxing units based on the attributed allocation amount.
8229		-	(c) The amount of certified shares to be allocated to each civil
8230		-	taxing unit is equal to:
8231		-	(1) the total amount of the certified distribution that is allocated
8232		-	to certified shares for the county for the month; multiplied by
8233		-	(2) the quotient of:
8234		-	(A) the attributed allocation amount for the civil taxing unit in
8235		-	the county during the calendar year; divided by
8236		-	(B) the sum of the attributed allocation amounts for all civil
8237		-	taxing units in the county during the calendar year.
8238		-	SECTION 138. IC 6-3.6-6-15 IS REPEALED [EFFECTIVE JULY
8239		-	1, 2027]. Sec. 15. (a) This section applies to an allocation or
8240		-	distribution, or both, of certified shares that is required to be made to
8241		-	a civil taxing unit in a county other than Marion County.
8242		-	(b) IC 36-8-19-7.5 applies to the adjustment of the amounts
8243		-	distributed to a civil taxing unit that participates in a fire protection
8244		-	territory.
8245		-	SECTION 139. IC 6-3.6-6-16 IS REPEALED [EFFECTIVE JULY
8246		-	1, 2027]. Sec. 16. IC 6-3.6-11 applies to the allocation of certified
8247		-	shares in Marion County.
8248		-	SECTION 140. IC 6-3.6-6-17, AS ADDED BY P.L.243-2015,
8249		-	SECTION 10, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
8250		-	SEA 1 — Concur 193
8251		-	JULY 1, 2027]: Sec. 17. A county, city, town, or nonmunicipal civil
8252		-	taxing unit may use its certified shares general purpose revenue for
8253		-	any of the purposes of the civil taxing unit.
8254		-	SECTION 141. IC 6-3.6-6-18, AS ADDED BY P.L.243-2015,
8255		-	SECTION 10, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
8256		-	JULY 1, 2027]: Sec. 18. (a) A county, city, town, or nonmunicipal
8257		-	civil taxing unit may pledge its certified shares general purpose
8258		-	revenue to the payment of bonds or to lease payments for:
8259		-	(1) any purpose of the civil taxing unit;
8260		-	(2) any purpose of another governmental entity located in any part
8261		-	in the county, including a governmental entity organized on a
8262		-	regional basis; or
8263		-	(3) any purpose for which certified shares general purpose
8264		-	revenue may be used by the unit under IC 6-3.6-10. this
8265		-	chapter.
8266		-	(b) The pledge must be approved in an ordinance adopted by the
8267		-	fiscal body of the political subdivision.
8268		-	SECTION 142. IC 6-3.6-6-19, AS ADDED BY P.L.243-2015,
8269		-	SECTION 10, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
8270		-	JULY 1, 2027]: Sec. 19. (a) A county, city, town, or nonmunicipal
8271		-	civil taxing unit may distribute any part of its certified shares general
8272		-	purpose revenue to any governmental entity located in any part of its
8273		-	county to:
8274		-	(1) carry out a joint purpose; or
8275		-	(2) fund the purposes of the other governmental entity;
8276		-	including a governmental entity organized on a regional basis to serve
8277		-	an area in more than one (1) county.
8278		-	(b) The distribution must be authorized by ordinance of the fiscal
8279		-	body of the civil taxing unit to which the revenue is allocated by this
8280		-	chapter. An ordinance must specify the purpose of the designation and
8281		-	its duration.
8282		-	(c) The fiscal body officer of the civil taxing unit may direct the
8283		-	county auditor in accordance with the ordinance to withhold from the
8284		-	civil taxing unit's allocation the amount that is the subject of the
8285		-	ordinance and distribute the amount directly to the other governmental
8286		-	entity authorized to receive the money.
8287		-	SECTION 143. IC 6-3.6-6-20 IS REPEALED [EFFECTIVE JULY
8288		-	1, 2027]. Sec. 20. (a) This section does not apply to distributions of
8289		-	revenue under section 9 of this chapter.
8290		-	(b) This section applies only to the following:
8291		-	(1) Any allocation or distribution of revenue under section 3(a)(2)
8292		-	of this chapter that is made on the basis of property tax levies in
8293		-	SEA 1 — Concur 194
8294		-	counties that formerly imposed a tax under IC 6-3.5-1.1 (before
8295		-	its repeal January 1, 2017).
8296		-	(2) Any allocation or distribution of revenue under section 3(a)(3)
8297		-	of this chapter that is made on the basis of property tax levies in
8298		-	counties that formerly imposed a tax under IC 6-3.5-6 (before its
8299		-	repeal January 1, 2017).
8300		-	(c) Subject to subsection (b), if a school corporation or civil taxing
8301		-	unit of an adopting county does not impose a property tax levy that is
8302		-	first due and payable in the calendar year preceding the year in which
8303		-	revenue under section 3(a)(2) or 3(a)(3) of this chapter is being
8304		-	allocated or distributed, that school corporation or civil taxing unit is
8305		-	entitled to receive a part of the revenue under section 3(a)(2) or 3(a)(3)
8306		-	of this chapter (as appropriate) to be distributed within the county. The
8307		-	fractional amount that such a school corporation or civil taxing unit is
8308		-	entitled to receive each month during that calendar year equals the
8309		-	product of:
8310		-	(1) the amount of revenue under section 3(a)(2) or 3(a)(3) of this
8311		-	chapter to be distributed on the basis of property tax levies during
8312		-	that month; multiplied by
8313		-	(2) a fraction. The numerator of the fraction equals the budget of
8314		-	that school corporation or civil taxing unit for the distribution
8315		-	year. The denominator of the fraction equals the aggregate
8316		-	budgets of all school corporations or civil taxing units of that
8317		-	county for the distribution year.
8318		-	(d) Subject to subsection (b), if for a calendar year a school
8319		-	corporation or civil taxing unit is allocated a part of a county's revenue
8320		-	under section 3(a)(2) or 3(a)(3) of this chapter by subsection (c), the
8321		-	calculations used to determine the shares of revenue of all other school
8322		-	corporations and civil taxing units under section 3(a)(2) or 3(a)(3) of
8323		-	this chapter (as appropriate) shall be changed each month for that same
8324		-	year by reducing the amount of revenue to be distributed by the amount
8325		-	of revenue under section 3(a)(2) or 3(a)(3) of this chapter allocated
8326		-	under subsection (c) for that same month. The department of local
8327		-	government finance shall make any adjustments required by this
8328		-	subsection and provide them to the appropriate county auditors.
8329		-	SECTION 144. IC 6-3.6-6-21, AS ADDED BY P.L.229-2017,
8330		-	SECTION 31, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
8331		-	JULY 1, 2027]: Sec. 21. A county, city, town, or nonmunicipal civil
8332		-	taxing unit may contribute any part of its certified shares general
8333		-	purpose revenue to the regional development infrastructure fund
8334		-	established by IC 36-9-43-9. The contribution must be approved in an
8335		-	ordinance adopted by the fiscal body of the political subdivision.
8336		-	SEA 1 — Concur 195
8337		-	SECTION 145. IC 6-3.6-6-21.2 IS REPEALED [EFFECTIVE JULY
8338		-	1, 2027]. Sec. 21.2. A school corporation that receives a distribution of
8339		-	revenue under section 3 of this chapter may allocate the revenue among
8340		-	any of its funds.
8341		-	SECTION 146. IC 6-3.6-6-21.3, AS ADDED BY P.L.137-2024,
8342		-	SECTION 10, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
8343		-	JULY 1, 2027]: Sec. 21.3. (a) This section applies to distributions of
8344		-	revenue before January 1, 2028. This section:
8345		-	(1) does not apply to:
8346		-	(A) distributions made under this chapter to a civil taxing unit
8347		-	for fire protection services within a fire protection territory
8348		-	established under IC 36-8-19; or
8349		-	(B) distributions of revenue under section 9 of this chapter
8350		-	(before its repeal); and
8351		-	(2) applies only to the following:
8352		-	(A) Any allocation or distribution of revenue under section
8353		-	3(a)(2) of this chapter (as in effect before July 1, 2027) that
8354		-	is made on the basis of property tax levies in counties that
8355		-	formerly imposed a tax under IC 6-3.5-1.1 (before its repeal on
8356		-	January 1, 2017).
8357		-	(B) Any allocation or distribution of revenue under section
8358		-	3(a)(3) of this chapter (as in effect before July 1, 2027) that
8359		-	is made on the basis of property tax levies in counties that
8360		-	formerly imposed a tax under IC 6-3.5-6 (before its repeal on
8361		-	January 1, 2017).
8362		-	(b) Subject to subsection (a), if two (2) or more:
8363		-	(1) school corporations; or
8364		-	(2) civil taxing units;
8365		-	of an adopting county merge or consolidate to form a single school
8366		-	corporation or civil taxing unit, the school corporation or civil taxing
8367		-	unit that is in existence on January 1 of the current year is entitled to
8368		-	the combined pro rata distribution of the revenue under section 3(a)(2)
8369		-	or 3(a)(3) (as in effect before July 1, 2027) of this chapter (as
8370		-	appropriate) allocated to each applicable school corporation or civil
8371		-	taxing unit in existence on January 1 of the immediately preceding
8372		-	calendar year prior to the merger or consolidation.
8373		-	(c) The department of local government finance shall make
8374		-	adjustments to civil taxing units in accordance with IC 6-1.1-18.5-7.
8375		-	SECTION 147. IC 6-3.6-6-22 IS ADDED TO THE INDIANA
8376		-	CODE AS A NEW SECTION TO READ AS FOLLOWS
8377		-	[EFFECTIVE JULY 1, 2027]: Sec. 22. (a) As used in this section,
8378		-	"municipality" means only a city or town that:
8379		-	SEA 1 — Concur 196
8380		-	(1) has a population of three thousand five hundred (3,500) or
8381		-	more; and
8382		-	(2) in the case of a city or town whose population decreased in
8383		-	the most recent federal decennial census from three thousand
8384		-	five hundred (3,500) or more to less than three thousand five
8385		-	hundred (3,500), has elected by ordinance to continue to use
8386		-	its previous population of three thousand five hundred (3,500)
8387		-	or more as set forth in section 23(b)(2) of this chapter for
8388		-	purposes of the allocation determination under section 6.1 of
8389		-	this chapter.
8390		-	The term does not include a city or town that has made an election
8391		-	under section 23(b)(3) of this chapter.
8392		-	(b) Beginning after December 31, 2027, the fiscal body of a
8393		-	municipality may by ordinance and subject to subsection (e),
8394		-	impose a local income tax rate on the adjusted gross income of
8395		-	local taxpayers in the municipality that does not exceed one and
8396		-	two-tenths percent (1.2%).
8397		-	(c) The following apply if a municipality imposes a local income
8398		-	tax rate under this section:
8399		-	(1) A local income tax rate imposed by a municipality under
8400		-	this section applies only to local taxpayers within the territory
8401		-	of the municipality.
8402		-	(2) The local income tax is imposed in addition to a tax
8403		-	imposed by the county in which the municipality is located in
8404		-	accordance with IC 6-3.6-4-1(a) and IC 6-3.6-4-1(c).
8405		-	(3) The following provisions of this article apply to a local
8406		-	income tax rate imposed by a municipality under subsection
8407		-	(b):
8408		-	(A) IC 6-3.6-3 (adoption of the tax), including the effective
8409		-	date of an ordinance under IC 6-3.6-3-3.3.
8410		-	(B) IC 6-3.6-4 (imposition of the tax), except that
8411		-	IC 6-3.6-4-2 and IC 6-3.6-4-3 do not apply.
8412		-	(C) IC 6-3.6-8 (administration of the tax).
8413		-	(4) A local income tax rate imposed by a municipality shall
8414		-	apply to professional athletes who compete in the
8415		-	municipality, unless exempted under IC 6-3-2-27.5 or other
8416		-	provision of law.
8417		-	(d) The amount of the tax revenue that is from the local income
8418		-	tax rate imposed under this section and that is collected for a
8419		-	calendar year shall be treated as general purpose revenue and
8420		-	must be distributed to the fiscal officer of the municipality that
8421		-	imposed the tax before July 1 of the next calendar year.
8422		-	SEA 1 — Concur 197
8423		-	(e) Beginning after December 31, 2030, a tax rate imposed under
8424		-	subsection (b) shall expire on December 31 of each calendar year.
8425		-	A municipality wishing to continue, increase, or decrease a tax rate
8426		-	in the succeeding year must pass an ordinance to readopt a tax rate
8427		-	in accordance with IC 6-3.6-3-3.3. This subsection applies
8428		-	regardless of whether there is a modification in the tax rate or the
8429		-	rate is unchanged from the previous year.
8430		-	SECTION 148. IC 6-3.6-6-23 IS ADDED TO THE INDIANA
8431		-	CODE AS A NEW SECTION TO READ AS FOLLOWS
8432		-	[EFFECTIVE JULY 1, 2027]: Sec. 23. (a) This section applies in
8433		-	determining the population of a city or town for the purposes of
8434		-	this chapter.
8435		-	(b) The following apply:
8436		-	(1) Except as provided in subdivisions (2) and (3), the
8437		-	population of a city or town is the population of the city or
8438		-	town that is reported by the 2020 federal decennial census.
8439		-	(2) Beginning after 2030, if the population of a city or town:
8440		-	(A) increases from a population of less than three thousand
8441		-	five hundred (3,500), as reported by the immediately
8442		-	preceding federal decennial census, to a population of
8443		-	three thousand five hundred (3,500) or more, as reported
8444		-	by the most recent federal decennial census, or, if
8445		-	applicable, any corrected population count (as defined in
8446		-	IC 1-1-3.5-1.5) issued for the city or town in the year
8447		-	succeeding the most recent federal decennial census; or
8448		-	(B) decreases from a population of three thousand five
8449		-	hundred (3,500) or more, as reported by the immediately
8450		-	preceding federal decennial census, to a population of less
8451		-	than three thousand five hundred (3,500), as reported by
8452		-	the most recent federal decennial census, or, if applicable,
8453		-	any corrected population count (as defined in
8454		-	IC 1-1-3.5-1.5) issued for the city or town in the year
8455		-	succeeding the most recent federal decennial census;
8456		-	the fiscal body of the city or town may adopt an ordinance on
8457		-	or before September 1 of the calendar year immediately
8458		-	succeeding the most recent federal decennial census to
8459		-	continue to use the population of the city or town as reported
8460		-	by the immediately preceding federal decennial census and
8461		-	the resulting determination for the city or town under section
8462		-	22 of this chapter, notwithstanding the increase or decrease in
8463		-	its population as reported by the most recent federal
8464		-	decennial census as described in this subdivision. An
8465		-	SEA 1 — Concur 198
8466		-	ordinance adopted under this subdivision shall take effect on
8467		-	January 1 of the calendar year that immediately succeeds the
8468		-	year in which the ordinance is adopted. The fiscal officer of
8469		-	the city or town shall provide a certified copy of an ordinance
8470		-	adopted under this subdivision to the department of local
8471		-	government finance.
8472		-	(3) This subdivision applies only to cities and towns with a
8473		-	population of more than three thousand five hundred (3,500)
8474		-	but less than seven thousand (7,000). Notwithstanding any
8475		-	other provision, a fiscal body of a city or town may adopt an
8476		-	ordinance to elect to be treated as if the city's or town's
8477		-	population is less than three thousand five hundred (3,500) for
8478		-	purposes of a county local income tax rate and distribution
8479		-	under this chapter. An ordinance adopted under this
8480		-	subdivision shall take effect on January 1 of the calendar year
8481		-	that immediately succeeds the year in which the ordinance is
8482		-	adopted. The fiscal officer of the city or town shall provide a
8483		-	certified copy of an ordinance adopted under this subdivision
8484		-	to the department of local government finance. An ordinance
8485		-	adopted by a city or town under this subdivision is not
8486		-	revocable and shall not expire following the next federal
8487		-	decennial census.
8488		-	SECTION 149. IC 6-3.6-7-9, AS AMENDED BY P.L.239-2023,
8489		-	SECTION 14, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
8490		-	JULY 1, 2027]: Sec. 9. (a) This section applies only to Hancock
8491		-	County.
8492		-	(b) The county fiscal body may, by ordinance, allocate part of the
8493		-	tax rate imposed under IC 6-3.6-5 (before its expiration), not to
8494		-	exceed a tax rate of fifteen hundredths percent (0.15%), to a property
8495		-	tax credit against the property tax liability imposed for public libraries
8496		-	in the county, if all territory in the county is included in a library
8497		-	district. The county treasurer shall establish a library property tax
8498		-	replacement fund to be used only for the purposes described in this
8499		-	section. Tax revenues derived from the part of the tax rate imposed
8500		-	under IC 6-3-5 IC 6-3.6-5 (before its expiration) that is designated for
8501		-	property tax replacement credits under this section shall be deposited
8502		-	in the library property tax replacement fund. Any interest earned on
8503		-	money in the library property tax replacement fund shall be credited to
8504		-	the library property tax replacement fund.
8505		-	(c) The amount of property tax replacement credits that each public
8506		-	library in the county is entitled to receive during a calendar year under
8507		-	this section (before the expiration of IC 6-3.6-5) equals the lesser of:
8508		-	SEA 1 — Concur 199
8509		-	(1) the product of:
8510		-	(A) the amount of revenue deposited by the county auditor in
8511		-	the library property tax replacement fund; multiplied by
8512		-	(B) a fraction described as follows:
8513		-	(i) The numerator of the fraction equals the sum of the total
8514		-	property taxes that would have been collected by the public
8515		-	library during the previous calendar year from taxpayers
8516		-	located within the library district if the property tax
8517		-	replacement under this section had not been in effect.
8518		-	(ii) The denominator of the fraction equals the sum of the
8519		-	total property taxes that would have been collected during
8520		-	the previous year from taxpayers located within the county
8521		-	by all public libraries that are eligible to receive property tax
8522		-	replacement credits under this section if the property tax
8523		-	replacement under this section had not been in effect; or
8524		-	(2) the total property taxes that would otherwise be collected by
8525		-	the public library for the calendar year if the property tax
8526		-	replacement credit under this section were not in effect.
8527		-	The department of local government finance shall make any
8528		-	adjustments necessary to account for the expansion of a library district.
8529		-	However, a public library is eligible to receive property tax
8530		-	replacement credits under this section only if it has entered into
8531		-	reciprocal borrowing agreements with all other public libraries in the
8532		-	county. If the total amount of tax revenue deposited by the county
8533		-	auditor in the library property tax replacement fund for a calendar year
8534		-	exceeds the total property tax liability that would otherwise be imposed
8535		-	for public libraries in the county for the year, the excess must remain
8536		-	in the library property tax replacement fund and may be used for library
8537		-	property tax replacement purposes in the following calendar year.
8538		-	(d) A public library receiving property tax replacement credits under
8539		-	this section shall allocate the credits among each fund for which a
8540		-	distinct property tax levy is imposed in proportion to the property taxes
8541		-	levied for each fund. However, if a public library did not impose a
8542		-	property tax levy during the previous calendar year or did not impose
8543		-	a property tax levy for a particular fund during the previous calendar
8544		-	year, but the public library is imposing a property tax levy in the
8545		-	current calendar year or is imposing a property tax levy for the
8546		-	particular fund in the current calendar year, the department of local
8547		-	government finance shall adjust the amount of property tax
8548		-	replacement credits allocated among the various funds of the public
8549		-	library and shall provide the adjustment to the county auditor. If a
8550		-	public library receiving property tax replacement credits under this
8551		-	SEA 1 — Concur 200
8552		-	section does not impose a property tax levy for a particular fund that is
8553		-	first due and payable in a calendar year in which the property tax
8554		-	replacement credits are being distributed, the public library is not
8555		-	required to allocate to that fund a part of the property tax replacement
8556		-	credits to be distributed to the public library. Notwithstanding
8557		-	IC 6-1.1-20-1.1(a)(1), a public library that receives property tax
8558		-	replacement credits under this section is subject to the procedures for
8559		-	the issuance of bonds set forth in IC 6-1.1-20.
8560		-	(e) A public library shall treat property tax replacement credits
8561		-	received during a particular calendar year under this section as a part
8562		-	of the public library's property tax levy for each fund for that same
8563		-	calendar year for purposes of fixing the public library's budget and for
8564		-	purposes of the property tax levy limits imposed by IC 6-1.1-18.5.
8565		-	(f) For the purpose of allocating tax revenue under IC 6-3.6-6 and
8566		-	computing and distributing tax revenue under IC 6-5.5 or IC 6-6-5, the
8567		-	property tax replacement credits that are received under this section
8568		-	shall be treated as though they were property taxes that were due and
8569		-	payable during that same calendar year.
8570		-	SECTION 150. IC 6-3.6-7-28, AS AMENDED BY P.L.136-2024,
8571		-	SECTION 30, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
8572		-	JULY 1, 2027]: Sec. 28. (a) This section applies to Grant County and
8573		-	only if the local income tax council county adopting body repeals
8574		-	provisions of its local income tax ordinance providing that under
8575		-	IC 6-3.6-10-2(7) one-hundredth of one percent (0.01%) of the county's
8576		-	special purpose rate revenue is used to fund the Grant County
8577		-	Economic Growth Council, Inc.
8578		-	(b) The local income tax council county adopting body may, by
8579		-	ordinance, determine that additional local income tax revenue is
8580		-	needed in the county to do the following:
8581		-	(1) Finance, construct, acquire, improve, renovate, and equip the
8582		-	county jail, including costs related to the demolition of existing
8583		-	buildings, the acquisition of land, and any other reasonably
8584		-	related costs.
8585		-	(2) Repay bonds issued or leases entered into for the purposes
8586		-	described in subdivision (1).
8587		-	(c) If the local income tax council county adopting body makes the
8588		-	determination set forth in subsection (b), the local income tax council
8589		-	county adopting body may impose a tax on the adjusted gross income
8590		-	of local taxpayers at a tax rate that does not exceed the lesser of the
8591		-	following:
8592		-	(1) Five-tenths percent (0.5%).
8593		-	(2) The rate necessary to carry out the purposes described in this
8594		-	SEA 1 — Concur 201
8595		-	section.
8596		-	The tax rate may not be greater than the rate necessary to pay for the
8597		-	purposes described in subsection (b).
8598		-	(d) The tax rate used to pay for the purposes described in subsection
8599		-	(b)(1) and (b)(2) may be imposed only until the latest of the following
8600		-	dates:
8601		-	(1) The date on which the financing, construction, acquisition,
8602		-	improvement, renovation, and equipping of the facilities as
8603		-	described in subsection (b) are completed.
8604		-	(2) The date on which the last of any bonds issued (including
8605		-	refunding bonds) or leases entered into to finance the
8606		-	construction, acquisition, improvement, renovation, and
8607		-	equipping of the facilities described in subsection (b) are fully
8608		-	paid.
8609		-	(3) The date on which an ordinance adopted under subsection (c)
8610		-	is rescinded.
8611		-	(e) The tax rate under this section may be imposed beginning in the
8612		-	year following the year the ordinance is adopted and until the date on
8613		-	which the ordinance adopted under this section is rescinded.
8614		-	(f) The term of a bond issued (including any refunding bond) or a
8615		-	lease entered into under subsection (b) may not exceed twenty-five (25)
8616		-	years.
8617		-	(g) The county treasurer shall establish a county jail revenue fund
8618		-	to be used only for the purposes described in this section. Local income
8619		-	tax revenues derived from the tax rate imposed under this section shall
8620		-	be deposited in the county jail revenue fund.
8621		-	(h) Local income tax revenues derived from the tax rate imposed
8622		-	under this section:
8623		-	(1) may be used only for the purposes described in this section;
8624		-	(2) may not be considered by the department of local government
8625		-	finance in determining the county's maximum permissible
8626		-	property tax levy limit under IC 6-1.1-18.5; and
8627		-	(3) may be pledged to the repayment of bonds issued or leases
8628		-	entered into for the purposes described in subsection (b).
8629		-	(i) Grant County possesses unique governmental challenges and
8630		-	opportunities due to deficiencies in the current county jail. The use of
8631		-	local income tax revenues as provided in this section is necessary for
8632		-	the county to provide adequate jail capacity in the county and to
8633		-	maintain low property tax rates essential to economic development.
8634		-	The use of local income tax revenues as provided in this section to pay
8635		-	any bonds issued or leases entered into to finance the construction,
8636		-	acquisition, improvement, renovation, and equipping of the facilities
8637		-	SEA 1 — Concur 202
8638		-	described in subsection (b), rather than the use of property taxes,
8639		-	promotes those purposes.
8640		-	(j) Money accumulated from the local income tax rate imposed
8641		-	under this section after the termination of the tax under this section
8642		-	shall be transferred to the county rainy day fund under IC 36-1-8-5.1.
8643		-	SECTION 151. IC 6-3.6-8-3, AS ADDED BY P.L.243-2015,
8644		-	SECTION 10, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
8645		-	JANUARY 1, 2028]: Sec. 3. (a) For purposes of this article, an
8646		-	individual shall be treated as a resident of the county (or the
8647		-	municipality in the case of a local income tax imposed under
8648		-	IC 6-3.6-6-22) in which the individual:
8649		-	(1) maintains a home, if the individual maintains only one (1)
8650		-	home in Indiana;
8651		-	(2) if subdivision (1) does not apply, is registered to vote;
8652		-	(3) if subdivision (1) or (2) does not apply, registers the
8653		-	individual's personal automobile; or
8654		-	(4) spent the majority of the individual's time in Indiana during
8655		-	the taxable year in question, if subdivision (1), (2), or (3) does not
8656		-	apply.
8657		-	(b) The residence or principal place of business or employment of
8658		-	an individual is to be determined on January 1 of the calendar year in
8659		-	which the individual's taxable year commences. If an individual
8660		-	changes the location of the individual's residence or principal place of
8661		-	employment or business to another county (or municipality in the
8662		-	case of a local income tax imposed under IC 6-3.6-6-22) in Indiana
8663		-	during a calendar year, the individual's liability for tax is not affected.
8664		-	(c) Notwithstanding subsection (b), if an individual becomes a local
8665		-	taxpayer for purposes of IC 36-7-27 during a calendar year because the
8666		-	individual
8667		-	(1) changes the location of the individual's residence to a county
8668		-	or municipality in which the individual begins employment or
8669		-	business at a qualified economic development tax project (as
8670		-	defined in IC 36-7-27-9), or
8671		-	(2) changes the location of the individual's principal place of
8672		-	employment or business to a qualified economic development tax
8673		-	project and does not reside in another county in which a tax is in
8674		-	effect;
8675		-	the individual's adjusted gross income attributable to employment or
8676		-	business at the qualified economic development tax project is taxable
8677		-	only by the county or municipality containing the qualified economic
8678		-	development tax project.
8679		-	SECTION 152. IC 6-3.6-8-4, AS ADDED BY P.L.243-2015,
8680		-	SEA 1 — Concur 203
8681		-	SECTION 10, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
8682		-	JULY 1, 2027]: Sec. 4. (a) Using procedures provided under this
8683		-	chapter, the adopting body of any adopting county or municipality
8684		-	may pass an ordinance to enter into reciprocity agreements with the
8685		-	taxing authority of any city, town, municipality, county, or other similar
8686		-	local governmental entity of any other state. The reciprocity
8687		-	agreements must provide that the income of resident local taxpayers is
8688		-	exempt from income taxation by the other local governmental entity to
8689		-	the extent income of the residents of the other local governmental
8690		-	entity is exempt from the tax in the adopting county or municipality.
8691		-	(b) A reciprocity agreement adopted under this section may not
8692		-	become effective until it is also made effective in the other local
8693		-	governmental entity that is a party to the agreement.
8694		-	(c) The form and effective date of any reciprocity agreement
8695		-	described in this section must be approved by the department.
8696		-	SECTION 153. IC 6-3.6-8-5, AS AMENDED BY P.L.197-2016,
8697		-	SECTION 64, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
8698		-	JANUARY 1, 2028]: Sec. 5. (a) Except as otherwise provided in
8699		-	subsection (b) and the other provisions of this article, all provisions of
8700		-	the adjusted gross income tax law (IC 6-3) concerning:
8701		-	(1) definitions;
8702		-	(2) declarations of estimated tax;
8703		-	(3) filing of returns;
8704		-	(4) deductions or exemptions from adjusted gross income;
8705		-	(5) remittances;
8706		-	(6) incorporation of the provisions of the Internal Revenue Code;
8707		-	(7) penalties and interest; and
8708		-	(8) exclusion of military pay credits for withholding;
8709		-	apply to the imposition, collection, and administration of the tax
8710		-	imposed by this article.
8711		-	(b) IC 6-3-3-3, IC 6-3-3-5, and IC 6-3-5-1 do not apply to the tax
8712		-	imposed by this article.
8713		-	(c) Notwithstanding subsections (a) and (b), each employer shall
8714		-	report to the department of state revenue the amount of withholdings
8715		-	attributable to each county (or each municipality in the case of a
8716		-	local income tax imposed under IC 6-3.6-6-22). This report shall be
8717		-	submitted to the department of state revenue:
8718		-	(1) each time the employer remits to the department the tax that
8719		-	is withheld; and
8720		-	(2) annually along with the employer's annual withholding report.
8721		-	SECTION 154. IC 6-3.6-9-1, AS AMENDED BY P.L.165-2021,
8722		-	SECTION 93, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
8723		-	SEA 1 — Concur 204
8724		-	JULY 1, 2027]: Sec. 1. (a) The budget agency shall maintain an
8725		-	accounting for each county imposing a tax based on annual returns
8726		-	filed by or for county taxpayers. Any undistributed amounts so
8727		-	accounted for shall be held in reserve for the respective counties
8728		-	separate from the state general fund.
8729		-	(b) Undistributed amounts shall be invested by the treasurer of state
8730		-	and the income earned shall be credited to the counties based on each
8731		-	county's undistributed amount.
8732		-	(c) This section expires December 31, 2027.
8733		-	SECTION 155. IC 6-3.6-9-1.1 IS ADDED TO THE INDIANA
8734		-	CODE AS A NEW SECTION TO READ AS FOLLOWS
8735		-	[EFFECTIVE JULY 1, 2027]: Sec. 1.1. As used in this chapter, "state
8736		-	and local income tax holding account" refers to the state and local
8737		-	income tax holding account established by section 20 of this
8738		-	chapter.
8739		-	SECTION 156. IC 6-3.6-9-4, AS AMENDED BY P.L.137-2022,
8740		-	SECTION 54, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
8741		-	JULY 1, 2027]: Sec. 4. Revenue derived from the imposition of the tax
8742		-	shall, in the manner prescribed by this chapter, be distributed to the
8743		-	county that imposed it. The amount that is to be distributed to a county
8744		-	during an ensuing calendar year equals the amount of tax revenue that
8745		-	the budget agency determines has been:
8746		-	(1) attributed to that county for a taxable year ending in a calendar
8747		-	year preceding the calendar year in which the determination is
8748		-	made; and
8749		-	(2) reported on an annual return or amended return filed by or for
8750		-	a county taxpayer and processed by the department in the state
8751		-	fiscal year ending before July 1, or for a federal income tax
8752		-	deadline set after July 1, a date set by the department for a period
8753		-	of not more than sixty (60) days beyond the federal deadline, of
8754		-	the calendar year in which the determination is made;
8755		-	without adjustment based on the enactment of a tax rate change
8756		-	under IC 6-3.6-6-2 or IC 6-3.6-6-22 in the first preceding calendar
8757		-	year it becomes effective.
8758		-	SECTION 157. IC 6-3.6-9-4.1, AS ADDED BY P.L.165-2021,
8759		-	SECTION 95, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
8760		-	JULY 1, 2027]: Sec. 4.1. The budget agency shall adjust the amounts
8761		-	determined under section 4 of this chapter for the credits claimed
8762		-	against local income taxes under IC 6-3.6-8-6 and IC 6-3.1-19. The
8763		-	adjustments made by the budget agency may be phased-in over several
8764		-	fiscal calendar years until the credits are fully accounted for.
8765		-	SECTION 158. IC 6-3.6-9-5, AS AMENDED BY P.L.32-2021,
8766		-	SEA 1 — Concur 205
8767		-	SECTION 13, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
8768		-	JULY 1, 2027]: Sec. 5. (a) Before August 2 of each calendar year, the
8769		-	budget agency shall provide to the department of local government
8770		-	finance and the county auditor of each adopting county an estimate of
8771		-	the amount determined under section 4 of this chapter that will be
8772		-	distributed to the county, based on known tax rates. Subject to
8773		-	subsection (c), not later than fifteen (15) days after receiving the
8774		-	estimate of the certified distribution, the department of local
8775		-	government finance shall determine for each taxing unit and notify the
8776		-	county auditor of the estimated amount of property tax credits, school
8777		-	distributions, public safety revenue, economic development revenue,
8778		-	certified shares, and special purpose revenue that will be distributed to
8779		-	the taxing unit under this chapter during the ensuing calendar year. Not
8780		-	later than thirty (30) days after receiving the department's estimate, the
8781		-	county auditor shall notify each taxing unit of the amounts estimated
8782		-	for the taxing unit.
8783		-	(b) (a) Before October 1 of each calendar year, the budget agency
8784		-	shall certify to the department of local government finance and the
8785		-	county auditor of each adopting county
8786		-	(1) the amount determined under section sections 4 and 4.1 of
8787		-	this chapter. and
8788		-	(2) the amount of interest in the county's account that has accrued
8789		-	and has not been included in a certification made in a preceding
8790		-	year.
8791		-	The amount certified is the county's certified distribution for the
8792		-	immediately succeeding calendar year. The amount certified shall be
8793		-	adjusted, as necessary, under sections 6, 7, and 8 6 and 7 of this
8794		-	chapter. Subject to subsection (d), (b), not later than fifteen (15) days
8795		-	thirty (30) days after receiving the amount of the certified distribution,
8796		-	the department of local government finance shall determine for each
8797		-	taxing unit and notify the county auditor of the certified amount of
8798		-	property tax credits, school distributions, public safety revenue,
8799		-	economic development revenue, certified shares, and special purpose
8800		-	revenue that will be distributed to the taxing unit under this chapter
8801		-	during the ensuing calendar year. Not later than thirty (30) days after
8802		-	receiving the department's estimate, the county auditor shall notify each
8803		-	taxing unit of the certified amounts for the taxing unit.
8804		-	(c) This subsection applies to Lake County. When the department
8805		-	of local government finance notifies the county auditor of the estimated
8806		-	amount of property tax credits, school distributions, public safety
8807		-	revenue, economic development revenue, certified shares, and special
8808		-	purpose revenue that will be distributed to the taxing unit under this
8809		-	SEA 1 — Concur 206
8810		-	chapter during the ensuing calendar year, the department of local
8811		-	government finance shall also determine the amount of additional
8812		-	revenue allocated for economic development purposes that will be
8813		-	distributed to each civil taxing unit, reduced by an amount that is equal
8814		-	to the following percentages of the tax revenue that would otherwise be
8815		-	allocated for economic development purposes and distributed to the
8816		-	civil taxing unit:
8817		-	(1) For Lake County, an amount equal to twenty-five percent
8818		-	(25%).
8819		-	(2) For Crown Point, an amount equal to ten percent (10%).
8820		-	(3) For Dyer, an amount equal to fifteen percent (15%).
8821		-	(4) For Gary, an amount equal to seven and five-tenths percent
8822		-	(7.5%).
8823		-	(5) For Hammond, an amount equal to fifteen percent (15%).
8824		-	(6) For Highland, an amount equal to twelve percent (12%).
8825		-	(7) For Hobart, an amount equal to eighteen percent (18%).
8826		-	(8) For Lake Station, an amount equal to twenty percent (20%).
8827		-	(9) For Lowell, an amount equal to fifteen percent (15%).
8828		-	(10) For Merrillville, an amount equal to twenty-two percent
8829		-	(22%).
8830		-	(11) For Munster, an amount equal to thirty-four percent (34%).
8831		-	(12) For New Chicago, an amount equal to one percent (1%).
8832		-	(13) For Schererville, an amount equal to ten percent (10%).
8833		-	(14) For Schneider, an amount equal to twenty percent (20%).
8834		-	(15) For Whiting, an amount equal to twenty-five percent (25%).
8835		-	(16) For Winfield, an amount equal to fifteen percent (15%).
8836		-	The department of local government finance shall notify the county
8837		-	auditor of the amounts of the reductions and the remaining amounts to
8838		-	be distributed.
8839		-	(d) (b) This subsection applies to Lake County. When the
8840		-	department of local government finance notifies the county auditor of
8841		-	the certified amount of property tax credits, school distributions, public
8842		-	safety revenue, economic development revenue, certified shares, and
8843		-	special purpose revenue that will be distributed to the taxing unit under
8844		-	this chapter during the ensuing calendar year, the department of local
8845		-	government finance shall also determine the amount of additional
8846		-	revenue general purpose revenue allocated for economic development
8847		-	purposes that will be distributed to each civil taxing unit, reduced by
8848		-	an amount that is equal to the following percentages of the tax revenue
8849		-	that would otherwise be allocated for economic development purposes
8850		-	and distributed to the civil taxing unit:
8851		-	(1) For Lake County, an amount equal to twenty-five percent
8852		-	SEA 1 — Concur 207
8853		-	(25%).
8854		-	(2) For Crown Point, an amount equal to ten percent (10%).
8855		-	(3) For Dyer, an amount equal to fifteen percent (15%).
8856		-	(4) For Gary, an amount equal to seven and five-tenths percent
8857		-	(7.5%).
8858		-	(5) For Hammond, an amount equal to fifteen percent (15%).
8859		-	(6) For Highland, an amount equal to twelve percent (12%).
8860		-	(7) For Hobart, an amount equal to eighteen percent (18%).
8861		-	(8) For Lake Station, an amount equal to twenty percent (20%).
8862		-	(9) For Lowell, an amount equal to fifteen percent (15%).
8863		-	(10) For Merrillville, an amount equal to twenty-two percent
8864		-	(22%).
8865		-	(11) For Munster, an amount equal to thirty-four percent (34%).
8866		-	(12) For New Chicago, an amount equal to one percent (1%).
8867		-	(13) For Schererville, an amount equal to ten percent (10%).
8868		-	(14) For Schneider, an amount equal to twenty percent (20%).
8869		-	(15) For Whiting, an amount equal to twenty-five percent (25%).
8870		-	(16) For Winfield, an amount equal to fifteen percent (15%).
8871		-	The department of local government finance shall notify the county
8872		-	auditor of the remaining amounts to be distributed and the amounts of
8873		-	the reductions that will be withheld under IC 6-3.6-11-5.5.
8874		-	SECTION 159. IC 6-3.6-9-6, AS ADDED BY P.L.243-2015,
8875		-	SECTION 10, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
8876		-	JULY 1, 2027]: Sec. 6. The budget agency shall certify an amount less
8877		-	than the amount determined under section 5(b) 5(a) of this chapter if
8878		-	the budget agency determines that the reduced distribution is necessary
8879		-	to offset overpayments made in a calendar year before the calendar year
8880		-	of the distribution. The budget agency may reduce the amount of the
8881		-	certified distribution over several calendar years so that any
8882		-	overpayments are offset over several years rather than in one (1) lump
8883		-	sum.
8884		-	SECTION 160. IC 6-3.6-9-7, AS ADDED BY P.L.243-2015,
8885		-	SECTION 10, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
8886		-	JULY 1, 2027]: Sec. 7. (a) The budget agency shall adjust the certified
8887		-	distribution of a county to correct for any clerical or mathematical
8888		-	errors made in any previous certification under this section. The budget
8889		-	agency may reduce the amount of the certified distribution over several
8890		-	calendar years so that any adjustment under this subsection is offset
8891		-	over several years rather than in one (1) lump sum.
8892		-	(b) The budget agency may not reduce, adjust, or modify a
8893		-	certified distribution of a county after it has been presented as part
8894		-	of the report to the budget committee for the immediately
8895		-	SEA 1 — Concur 208
8896		-	succeeding calendar year under section 21 of this chapter, except
8897		-	in the case of clerical and mathematical errors.
8898		-	SECTION 161. IC 6-3.6-9-8 IS REPEALED [EFFECTIVE JULY
8899		-	1, 2027]. Sec. 8. This section applies to a county that imposes,
8900		-	increases, decreases, or rescinds a tax or tax rate under this article
8901		-	before November 1 in the same calendar year in which the budget
8902		-	agency makes a certification under this section. The budget agency
8903		-	shall adjust the certified distribution of a county to provide for a
8904		-	distribution in the immediately following calendar year and in each
8905		-	calendar year thereafter. The budget agency shall provide for a full
8906		-	transition to certification of distributions as provided in section 4(1)
8907		-	through 4(2) of this chapter in the manner provided in section 6 of this
8908		-	chapter. If the county imposes, increases, decreases, or rescinds a tax
8909		-	or tax rate under this article after the date for which a certification
8910		-	under section 5(b) of this chapter is based, the budget agency shall
8911		-	adjust the certified distribution of the county after October 1 and before
8912		-	December 1 of the calendar year. The adjustment must reflect any other
8913		-	adjustment required under sections 6 and 7 of this chapter. The
8914		-	adjusted certification shall be treated as the county's certified
8915		-	distribution for the immediately succeeding calendar year. The budget
8916		-	agency shall certify the adjusted certified distribution to the county
8917		-	auditor for the county and provide the county council with an
8918		-	informative summary of the calculations that revises the informative
8919		-	summary provided in section 9 of this chapter and reflects the changes
8920		-	made in the adjustment.
8921		-	SECTION 162. IC 6-3.6-9-8.5 IS REPEALED [EFFECTIVE JULY
8922		-	1, 2027]. Sec. 8.5. (a) The budget agency shall before February 1,
8923		-	2018, transfer to the state general fund from each county's trust account
8924		-	established under IC 6-3.6 an amount equal to:
8925		-	(1) the amount of the county's certified distribution under IC 6-3.6
8926		-	that is allocated to certified shares under IC 6-3.6-6 for calendar
8927		-	year 2017; multiplied by
8928		-	(2) five-tenths of one percent (0.5%);
8929		-	to reimburse the state general fund for expenditures related to the
8930		-	department's information technology modernization project.
8931		-	(b) To the extent that the balance in a county's trust account is
8932		-	insufficient for the budget agency to make the entire amount of the
8933		-	transfer required under subsection (a) before February 1, 2018, the
8934		-	budget agency shall make any remaining part of the required transfer
8935		-	from the county's trust account in subsequent years on a schedule
8936		-	determined by the budget agency until the entire amount of the
8937		-	required transfer has been made.
8938		-	SEA 1 — Concur 209
8939		-	SECTION 163. IC 6-3.6-9-9, AS AMENDED BY P.L.257-2019,
8940		-	SECTION 72, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
8941		-	JULY 1, 2027]: Sec. 9. The budget agency shall provide the adopting
8942		-	body with an informative summary of the calculations used to
8943		-	determine the certified distribution. The summary of calculations must
8944		-	include:
8945		-	(1) the amount reported on individual income tax returns
8946		-	processed by the department during the previous fiscal year;
8947		-	(2) adjustments for over distributions in prior years; and
8948		-	(3) adjustments for clerical or mathematical errors in prior years.
8949		-	and
8950		-	(4) adjustments for tax rate changes.
8951		-	SECTION 164. IC 6-3.6-9-10, AS AMENDED BY P.L.137-2024,
8952		-	SECTION 13, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
8953		-	JULY 1, 2027]: Sec. 10. The budget agency shall also certify
8954		-	information concerning the part of the certified distribution that is
8955		-	attributable to each of the following:
8956		-	(1) The tax rate imposed under IC 6-3.6-5 (before its expiration).
8957		-	This subdivision expires July 1, 2028.
8958		-	(2) The tax rate imposed under IC 6-3.6-6, separately stating:
8959		-	(A) the part of the distribution attributable to a tax rate
8960		-	imposed under IC 6-3.6-6-2.5 (before its repeal);
8961		-	(B) the part of the distribution attributable to a tax rate
8962		-	imposed under IC 6-3.6-6-2.6 (before its repeal); and
8963		-	(C) the part of the distribution attributable to a tax rate
8964		-	imposed under IC 6-3.6-6-2.7 (before its repeal);
8965		-	(D) the part of the distribution attributable to a tax rate
8966		-	imposed under IC 6-3.6-6-2.8 (before its repeal); and
8967		-	(E) the part of the distribution attributable to a tax rate
8968		-	imposed under IC 6-3.6-6-2.9 (before its repeal).
8969		-	(3) Each tax rate imposed under IC 6-3.6-7.
8970		-	(4) In the case of Marion County, the local income taxes paid by
8971		-	local taxpayers described in IC 6-3.6-2-13(3).
8972		-	The amount certified shall be adjusted to reflect any adjustment in the
8973		-	certified distribution under this chapter.
8974		-	SECTION 165. IC 6-3.6-9-11, AS AMENDED BY P.L.197-2016,
8975		-	SECTION 67, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
8976		-	JULY 1, 2027]: Sec. 11. The information described in sections 9 and
8977		-	10 of this chapter must be certified to the county auditor, to the fiscal
8978		-	officer of each taxing unit in the county, and to the department of local
8979		-	government finance not later than the later of the following:
8980		-	(1) October 1 of each calendar year.
8981		-	SEA 1 — Concur 210
8982		-	(2) Thirty (30) days after the adopting body certifies a new rate to
8983		-	the budget agency.
8984		-	SECTION 166. IC 6-3.6-9-12, AS ADDED BY P.L.243-2015,
8985		-	SECTION 10, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
8986		-	JULY 1, 2027]: Sec. 12. One-twelfth (1/12) of each adopting county's
8987		-	certified distribution for a calendar year shall be distributed:
8988		-	(1) before January 1, 2028, from its trust account established
8989		-	under this chapter; and
8990		-	(2) after December 31, 2027, from the state and local income
8991		-	tax holding account established under this chapter;
8992		-	to the appropriate county treasurer on the first regular business day of
8993		-	each month of that calendar year.
8994		-	SECTION 167. IC 6-3.6-9-13, AS AMENDED BY P.L.9-2024,
8995		-	SECTION 192, IS AMENDED TO READ AS FOLLOWS
8996		-	[EFFECTIVE JULY 1, 2027]: Sec. 13. (a) All distributions from a trust
8997		-	account established under this chapter shall be made by warrants issued
8998		-	by the state comptroller to the treasurer of state ordering the
8999		-	appropriate payments.
9000		-	(b) This section expires December 31, 2027.
9001		-	SECTION 168. IC 6-3.6-9-14 IS REPEALED [EFFECTIVE JULY
9002		-	1, 2027]. Sec. 14. Before November 2 of each year, the budget agency
9003		-	shall submit a report to each county auditor indicating the balance in
9004		-	the county's trust account as of the cutoff date set by the budget agency.
9005		-	SECTION 169. IC 6-3.6-9-15 IS REPEALED [EFFECTIVE
9006		-	JANUARY 1, 2028]. Sec. 15. (a) If the budget agency determines that
9007		-	the balance in a county trust account exceeds fifteen percent (15%) of
9008		-	the certified distributions to be made to the county in the determination
9009		-	year, the budget agency shall make a supplemental distribution to the
9010		-	county from the county's trust account. The budget agency shall use the
9011		-	trust account balance as of December 31 of the year that precedes the
9012		-	determination year by two (2) years (referred to as the "trust account
9013		-	balance year" in this section).
9014		-	(b) A supplemental distribution described in subsection (a) must be:
9015		-	(1) made at the same time as the determinations are provided to
9016		-	the county auditor under subsection (d)(3); and
9017		-	(2) allocated in the same manner as certified distributions for the
9018		-	purposes described in this article.
9019		-	(c) The amount of a supplemental distribution described in
9020		-	subsection (a) is equal to the amount by which:
9021		-	(1) the balance in the county trust account; minus
9022		-	(2) the amount of any supplemental or special distribution that has
9023		-	not yet been accounted for in the last known balance of the
9024		-	SEA 1 — Concur 211
9025		-	county's trust account;
9026		-	exceeds fifteen percent (15%) of the certified distributions to be made
9027		-	to the county in the determination year.
9028		-	(d) For a county that qualifies for a supplemental distribution under
9029		-	this section in a year, the following apply:
9030		-	(1) Before February 15, the budget agency shall update the
9031		-	information described in section 9 of this chapter to include the
9032		-	excess account balances to be distributed under this section.
9033		-	(2) Before May 2, the budget agency shall provide the amount of
9034		-	the supplemental distribution for the county to the department of
9035		-	local government finance and to the county auditor.
9036		-	(3) The department of local government finance shall determine
9037		-	for the county and each taxing unit within the county:
9038		-	(A) the amount and allocation of the supplemental distribution
9039		-	attributable to the taxes that were imposed as of December 31
9040		-	of the trust account balance year, including any specific
9041		-	distributions for that year; and
9042		-	(B) the amount of the allocation for each of the purposes set
9043		-	forth in this article, using the allocation percentages in effect
9044		-	in the trust account balance year.
9045		-	The department of local government finance shall provide these
9046		-	determinations to the county auditor before May 16 of the
9047		-	determination year.
9048		-	(4) Before June 1, the county auditor shall distribute to each
9049		-	taxing unit the amount of the supplemental distribution that is
9050		-	allocated to the taxing unit under subdivision (3). However, for a
9051		-	county with a former tax to provide for a levy freeze under
9052		-	IC 6-3.6-11-1, the supplemental distribution shall first be
9053		-	distributed as determined in any resolution adopted under
9054		-	IC 6-3.6-11-1(d).
9055		-	For determinations before 2019, the tax rates in effect under and the
9056		-	allocation methods specified in the former income tax laws shall be
9057		-	used for the determinations under subdivision (3).
9058		-	(e) For any part of a supplemental distribution attributable to
9059		-	property tax credits under a former income tax or IC 6-3.6-5, the
9060		-	adopting body for the county may allocate the supplemental
9061		-	distribution to property tax credits for not more than the three (3) years
9062		-	after the year the supplemental distribution is received.
9063		-	(f) Any income earned on money held in a trust account established
9064		-	for a county under this chapter shall be deposited in that trust account.
9065		-	SECTION 170. IC 6-3.6-9-16, AS ADDED BY P.L.243-2015,
9066		-	SECTION 10, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
9067		-	SEA 1 — Concur 212
9068		-	JULY 1, 2027]: Sec. 16. Upon receipt, each monthly payment of a
9069		-	county's certified distribution or supplemental distribution shall be
9070		-	allocated and distributed to the appropriate entities in accordance with
9071		-	this article and the allocation ordinances adopted under this article.
9072		-	SECTION 171. IC 6-3.6-9-17.5 IS ADDED TO THE INDIANA
9073		-	CODE AS A NEW SECTION TO READ AS FOLLOWS
9074		-	[EFFECTIVE JULY 1, 2027]: Sec. 17.5. After December 31, 2027,
9075		-	the county's certified distribution amount for 2028 shall be
9076		-	maintained in the accounting for the county under section 21 of
9077		-	this chapter and transferred as set forth in section 21 of this
9078		-	chapter.
9079		-	SECTION 172. IC 6-3.6-9-20 IS ADDED TO THE INDIANA
9080		-	CODE AS A NEW SECTION TO READ AS FOLLOWS
9081		-	[EFFECTIVE JULY 1, 2027]: Sec. 20. (a) The state and local income
9082		-	tax holding account is established within the state general fund for
9083		-	the purposes of this chapter. The budget agency shall administer
9084		-	the account. The account consists of the following:
9085		-	(1) Money transferred to the account under section 21 of this
9086		-	chapter.
9087		-	(2) Money transferred to the account from any other source.
9088		-	(3) Interest that accrues from money in the account.
9089		-	(b) The treasurer of state shall invest the money in the account
9090		-	not currently needed for the purposes of the account in the same
9091		-	manner as other public funds may be invested.
9092		-	(c) Money in the account is continuously appropriated for the
9093		-	purposes of this chapter.
9094		-	(d) Money in the account at the end of a state fiscal year does
9095		-	not revert to the state general fund.
9096		-	(e) Money transferred to the account shall be distributed and
9097		-	allocated as set forth in this chapter.
9098		-	(f) The budget director shall have the discretion to manage
9099		-	transfers of money into and out of the account based on the current
9100		-	process used for continuous assessment of revenue flows and
9101		-	reconciliation based on the latest data.
9102		-	SECTION 173. IC 6-3.6-9-21 IS ADDED TO THE INDIANA
9103		-	CODE AS A NEW SECTION TO READ AS FOLLOWS
9104		-	[EFFECTIVE JULY 1, 2027]: Sec. 21. (a) The budget agency shall
9105		-	maintain an accounting for each county imposing a tax based on
9106		-	annual returns filed by or for county taxpayers. Beginning after
9107		-	December 31, 2027, any undistributed amounts so accounted shall
9108		-	be held for purposes of the state and local income tax holding
9109		-	account.
9110		-	SEA 1 — Concur 213
9111		-	(b) After December 1 but before December 31 of each year, the
9112		-	budget agency shall present to the budget committee a report of the
9113		-	following:
9114		-	(1) An estimate of the monthly certified distribution amounts
9115		-	for the immediately succeeding calendar year.
9116		-	(2) A description of the method used to determine the monthly
9117		-	estimates under subdivision (1).
9118		-	(c) Beginning in 2028, and in each calendar year thereafter, the
9119		-	budget agency shall each month transfer to the state and local
9120		-	income tax holding account the amount determined for the month
9121		-	under subsection (b)(1) for distribution under this chapter.
9122		-	(d) In the case of a county that imposes a tax rate under
9123		-	IC 6-3.6-6-2 or a municipality that imposes a tax rate under
9124		-	IC 6-3.6-6-22 beginning after December 31, 2027, the budget
9125		-	agency shall withhold, from each of the first three (3) annual
9126		-	certified distributions resulting from the tax rate, an amount equal
9127		-	to five percent (5%) of the county's or municipality's, as
9128		-	applicable, annual certified distribution resulting from the tax rate.
9129		-	The amounts withheld under this subsection shall be credited to the
9130		-	respective county's or municipality's trust account.
9131		-	SECTION 174. IC 6-3.6-10-2, AS AMENDED BY P.L.247-2017,
9132		-	SECTION 23, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
9133		-	JANUARY 1, 2028]: Sec. 2. A county, city, or town may use revenue
9134		-	allocated for economic development purposes under IC 6-3.6-6-9
9135		-	IC 6-3.6-6 for any combination of the following purposes:
9136		-	(1) To pay all or a part of the interest owed by a private developer
9137		-	or user on a loan extended by a financial institution or other
9138		-	lender to the developer or user if the proceeds of the loan are or
9139		-	are to be used to finance an economic development project.
9140		-	(2) For the retirement of bonds for economic development
9141		-	projects.
9142		-	(3) For leases or for leases or bonds entered into or issued before
9143		-	the date the county economic development income tax (IC 6-3.5-7
9144		-	repealed) was imposed if the purpose of the lease or bonds would
9145		-	have qualified as a purpose under this article at the time the lease
9146		-	was entered into or the bonds were issued.
9147		-	(4) The construction or acquisition of, or remedial action with
9148		-	respect to, a capital project for which the unit is empowered to
9149		-	issue general obligation bonds or establish a fund under any
9150		-	statute listed in IC 6-1.1-18.5-9.8.
9151		-	(5) The retirement of bonds issued under any provision of Indiana
9152		-	law for a capital project.
9153		-	SEA 1 — Concur 214
9154		-	(6) The payment of lease rentals under any statute for a capital
9155		-	project.
9156		-	(7) Contract payments to a nonprofit corporation whose primary
9157		-	corporate purpose is to assist government in planning and
9158		-	implementing economic development projects.
9159		-	(8) Operating expenses of a governmental entity that plans or
9160		-	implements economic development projects.
9161		-	(9) Funding of a revolving fund established under IC 5-1-14-14.
9162		-	(10) For a regional venture capital fund or a local venture capital
9163		-	fund.
9164		-	(11) For any lawful purpose for which money in any of its other
9165		-	funds may be used.
9166		-	SECTION 175. IC 6-3.6-10-3, AS ADDED BY P.L.243-2015,
9167		-	SECTION 10, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
9168		-	JANUARY 1, 2028]: Sec. 3. (a) The fiscal body of a county, city, or
9169		-	town may issue bonds payable from revenue under IC 6-3.6-6. The
9170		-	bonds must be for economic development projects.
9171		-	(b) The fiscal body of a county, city, or town may issue bonds
9172		-	payable from revenue described in section 2 of this chapter for any
9173		-	capital project for which the fiscal body is authorized to issue general
9174		-	obligation bonds. The bonds issued under this section may be payable
9175		-	from the tax if the county option income tax (IC 6-3.5-6 repealed), the
9176		-	county adjusted gross income tax (IC 6-3.5-1.1 repealed), or a tax
9177		-	under IC 6-3.6-6 is also in effect in the county at the time the bonds are
9178		-	issued.
9179		-	(c) If there are bonds outstanding that have been issued under this
9180		-	section, or leases in effect under section 4 of this chapter, the adopting
9181		-	body may not reduce the tax imposed under IC 6-3.6-6, or an allocation
9182		-	under IC 6-3.6-6-9, IC 6-3.6-6, or certified shares general purpose
9183		-	revenue pledged to repay bonds, as appropriate, below a rate that
9184		-	would produce one and twenty-five hundredths (1.25) times the total
9185		-	of the highest annual debt service on the bonds to their final maturity,
9186		-	plus the highest annual lease payments, unless:
9187		-	(1) the body that imposed a tax under IC 6-3.6-6; or
9188		-	(2) any city, town, or county;
9189		-	pledges all or a part of its certified shares general purpose revenue for
9190		-	the life of the bonds or the term of the lease, in an amount that is
9191		-	sufficient, when combined with the amount pledged by the city, town,
9192		-	or county that issued the bonds, to produce one and twenty-five
9193		-	hundredths (1.25) times the total of the highest outstanding annual debt
9194		-	service plus the highest annual lease payments.
9195		-	(d) For purposes of subsection (c), the determination of a tax rate
9196		-	SEA 1 — Concur 215
9197		-	sufficient to produce one and twenty-five hundredths (1.25) times the
9198		-	total of the highest outstanding annual debt service plus the highest
9199		-	annual lease payments must be based on an average of the immediately
9200		-	preceding three (3) years tax collections, if the tax has been imposed
9201		-	for the last preceding three (3) years. If the tax has not been imposed
9202		-	for the last preceding three (3) years, the body that imposed the tax may
9203		-	not reduce the rate below a rate that would produce one and twenty-five
9204		-	hundredths (1.25) times the total of the highest annual debt service,
9205		-	plus the highest annual lease payments, based upon a study by a
9206		-	qualified public accountant or financial advisor.
9207		-	(e) IC 6-1.1-20 does not apply to the issuance of bonds under this
9208		-	section.
9209		-	(f) Bonds issued under this section may be sold at a public sale in
9210		-	accordance with IC 5-1-11 or may be sold at a negotiated sale.
9211		-	(g) After a sale of bonds under this section, the county auditor shall
9212		-	prepare a debt service schedule for the bonds.
9213		-	(h) The general assembly covenants that it will not repeal or amend
9214		-	this article in a manner that would adversely affect owners of
9215		-	outstanding bonds issued, or payment of any lease rentals due, under
9216		-	this section.
9217		-	SECTION 176. IC 6-3.6-10-5, AS ADDED BY P.L.243-2015,
9218		-	SECTION 10, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
9219		-	JANUARY 1, 2028]: Sec. 5. Notwithstanding any other law and
9220		-	subject to IC 6-3.6-6-18(b), if a civil taxing unit desires to issue
9221		-	obligations, or enter into leases, payable wholly or in part by the taxes
9222		-	imposed under IC 6-3.6-6 or IC 6-3.6-7, (but not IC 6-3.6-5), the
9223		-	obligations of the civil taxing unit or any lessor may be sold at public
9224		-	sale in accordance with IC 5-1-11 or at negotiated sale.
9225		-	SECTION 177. IC 6-3.6-10-6, AS ADDED BY P.L.243-2015,
9226		-	SECTION 10, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
9227		-	JANUARY 1, 2028]: Sec. 6. (a) A pledge of revenues from a tax
9228		-	imposed under IC 6-3.6-6 or IC 6-3.6-7 (but not IC 6-3.6-5 before its
9229		-	expiration) is enforceable in accordance with IC 5-1-14.
9230		-	(b) With respect to obligations for which a pledge has been made
9231		-	under IC 6-3.6-6 or IC 6-3.6-7 (but not IC 6-3.6-5 before its
9232		-	expiration), the general assembly covenants with the county and the
9233		-	purchasers or owners of those obligations that this article will not be
9234		-	repealed or amended in any manner that will adversely affect the tax
9235		-	collected under this article as long as the principal of or interest on
9236		-	those obligations is unpaid.
9237		-	SECTION 178. IC 6-3.6-10-9 IS ADDED TO THE INDIANA
9238		-	CODE AS A NEW SECTION TO READ AS FOLLOWS
9239		-	SEA 1 — Concur 216
9240		-	[EFFECTIVE MAY 10, 2025 (RETROACTIVE)]: Sec. 9. (a)
9241		-	Notwithstanding any other law, for bonds, leases, or any other
9242		-	obligations incurred after May 9, 2025, a county, city, town, and
9243		-	any other taxing unit may not pledge for payment from tax
9244		-	revenue received under this article an amount that exceeds an
9245		-	amount equal to twenty-five percent (25%) of the taxing unit's
9246		-	certified distribution under this article.
9247		-	(b) This section expires July 1, 2027.
9248		-	SECTION 179. IC 6-3.6-11-1 IS REPEALED [EFFECTIVE
9249		-	JANUARY 1, 2028]. Sec. 1. (a) This section applies to any county that
9250		-	imposed a former tax to provide for a levy freeze.
9251		-	(b) The tax rate used to provide for a levy freeze shall be part of the
9252		-	tax rate under IC 6-3.6-6. The maximum tax rate that may be applied
9253		-	for a levy freeze is one percent (1%). The levy freeze tax rate may be
9254		-	increased but not decreased or rescinded unless an adopting body
9255		-	adopts a resolution to request approval from the department of local
9256		-	government finance to lower the levy freeze tax rate.
9257		-	(c) The department of local government finance shall approve a
9258		-	lower levy freeze tax rate if it finds that the lower rate, in addition to:
9259		-	(1) the supplemental distribution as determined in a resolution
9260		-	adopted under subsection (d); and
9261		-	(2) the amount in the stabilization fund established under
9262		-	IC 6-3.5-1.1-24 (repealed) or IC 6-3.5-6-30 (repealed), as
9263		-	applicable;
9264		-	would fund the levy freeze dollar amount (the total amount of foregone
9265		-	maximum levy increases for all taxing units for all years). If the
9266		-	department approves a lower levy freeze tax rate, the adopting body
9267		-	must adopt an ordinance to lower the levy freeze tax rate before the
9268		-	lower rate may take effect. The county shall provide the department
9269		-	with a determination of the amount in the stabilization funds for
9270		-	purposes of this subsection.
9271		-	(d) A county may adopt a resolution to require that a supplemental
9272		-	distribution amount to be distributed under IC 6-3.6-9-15(d)(4) shall
9273		-	first be used to lower the levy freeze tax rate in subsection (c). If a
9274		-	resolution is adopted, the supplemental distribution under
9275		-	IC 6-3.6-9-15(d)(4) shall first be used to lower a county's levy freeze
9276		-	tax rate and any additional supplemental distribution calculated that is
9277		-	above the amount needed to lower the levy freeze tax rate shall be
9278		-	distributed to each taxing unit as provided under IC 6-3.6-9-15(d)(4).
9279		-	(e) The revenue from the tax rate shall continue to be applied under
9280		-	this article as it was applied under the former tax, including the use of
9281		-	a stabilization fund.
9282		-	SEA 1 — Concur 217
9283		-	(f) The distributions of income tax revenue attributable to a levy
9284		-	freeze tax rate shall be made before allocating or distributing the
9285		-	remaining revenue under IC 6-3.6-6 or applying the property tax credits
9286		-	funded by a tax rate under IC 6-3.6-5.
9287		-	SECTION 180. IC 6-3.6-11-3, AS AMENDED BY P.L.197-2016,
9288		-	SECTION 70, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
9289		-	JULY 1, 2027]: Sec. 3. (a) This section applies to Lake County's
9290		-	categorizations, allocations, and distributions under IC 6-3.6-5 (before
9291		-	its expiration).
9292		-	(b) The rate under the former tax in Lake County that was used for
9293		-	any of the following shall be categorized under IC 6-3.6-5 (before its
9294		-	expiration), and the Lake County council may adopt an ordinance
9295		-	providing that the revenue from the tax rate under this section may be
9296		-	used for any of the following:
9297		-	(1) To reduce all property tax levies imposed by the county by the
9298		-	granting of property tax replacement credits against those
9299		-	property tax levies.
9300		-	(2) To provide local property tax replacement credits in Lake
9301		-	County in the following manner:
9302		-	(A) The tax revenue under this section that is collected from
9303		-	taxpayers within a particular municipality in Lake County (as
9304		-	determined by the department of state revenue based on the
9305		-	department's best estimate) shall be used only to provide a
9306		-	local property tax credit against property taxes imposed by that
9307		-	municipality.
9308		-	(B) The tax revenue under this section that is collected from
9309		-	taxpayers within the unincorporated area of Lake County (as
9310		-	determined by the department of state revenue) shall be used
9311		-	only to provide a local property tax credit against property
9312		-	taxes imposed by the county. The local property tax credit for
9313		-	the unincorporated area of Lake County shall be available only
9314		-	to those taxpayers within the unincorporated area of the
9315		-	county.
9316		-	(3) To provide property tax credits in the following manner:
9317		-	(A) Sixty percent (60%) of the tax revenue shall be used as
9318		-	provided in subdivision (2).
9319		-	(B) Forty percent (40%) of the tax revenue shall be used to
9320		-	provide property tax replacement credits against property tax
9321		-	levies of the county and each township and municipality in the
9322		-	county. The percentage of the tax revenue distributed under
9323		-	this item that shall be used as credits against the county's
9324		-	levies or against a particular township's or municipality's levies
9325		-	SEA 1 — Concur 218
9326		-	is equal to the percentage determined by dividing the
9327		-	population of the county, township, or municipality by the sum
9328		-	of the total population of the county, each township in the
9329		-	county, and each municipality in the county.
9330		-	The Lake County council shall determine whether the credits under
9331		-	subdivision (1), (2), or (3) shall be provided to homesteads, to all
9332		-	qualified residential property, or to all taxpayers. The department of
9333		-	local government finance, with the assistance of the budget agency,
9334		-	shall certify to the county auditor and the fiscal body of the county and
9335		-	each township and municipality in the county the amount of property
9336		-	tax credits under this section. The tax revenue under this section that
9337		-	is used to provide credits under this section shall be treated for all
9338		-	purposes as property tax levies but shall not be considered for purposes
9339		-	of computing the maximum permissible property tax levy under
9340		-	IC 6-1.1-18.5-3 or the credit under IC 6-1.1-20.6.
9341		-	(c) Any ordinance adopted under subsection (b) expires
9342		-	December 31, 2027.
9343		-	(d) This section expires July 1, 2028.
9344		-	SECTION 181. IC 6-3.6-11-4, AS AMENDED BY P.L.247-2017,
9345		-	SECTION 25, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
9346		-	JANUARY 1, 2028]: Sec. 4. This section applies to the allocation of
9347		-	the tax revenue under IC 6-3.6-6 that is dedicated to public safety and
9348		-	funding for a PSAP (as defined in IC 36-8-16.7-20) that is part of the
9349		-	statewide 911 system (as defined in IC 36-8-16.7-22) and located
9350		-	within the county. as provided in IC 6-3.6-6-8. This tax revenue shall
9351		-	be allocated and distributed to the PSAP before the allocation and
9352		-	distribution to any taxing units of the remaining tax revenue allocated
9353		-	to public safety as provided in IC 6-3.6-6.
9354		-	SECTION 182. IC 6-3.6-11-5.5, AS AMENDED BY P.L.9-2024,
9355		-	SECTION 193, IS AMENDED TO READ AS FOLLOWS
9356		-	[EFFECTIVE JANUARY 1, 2028]: Sec. 5.5. (a) This section applies
9357		-	to Lake County for purposes of categorizations, allocations, and
9358		-	distributions of additional revenue general purpose revenue that is
9359		-	allocated each year for economic development purposes. under
9360		-	IC 6-3.6-6-9 and of certified shares under IC 6-3.6-6. Additional
9361		-	revenue General purpose revenue that is allocated each year for
9362		-	economic development purposes by a civil taxing unit listed in
9363		-	IC 6-3.6-9-5(d) IC 6-3.6-9-5(b) must first be used to provide funding
9364		-	for a rail project (as defined in IC 36-7.5-1-13.5).
9365		-	(b) Before the state comptroller may make a certified distribution of
9366		-	additional revenue general purpose revenue allocated for economic
9367		-	development purposes, under IC 6-3.6-6-9, the state comptroller shall
9368		-	SEA 1 — Concur 219
9369		-	withhold the total amount determined by the department of local
9370		-	government finance under IC 6-3.6-9-5(d) IC 6-3.6-9-5(b) from the
9371		-	certified distribution allocated to economic development. The amount
9372		-	withheld by the state comptroller under this section shall be paid to the
9373		-	secretary-treasurer of the northwest Indiana regional development
9374		-	authority (IC 36-7.5) before a certified distribution allocated to
9375		-	economic development is made to the county and before the county
9376		-	auditor may otherwise allocate or distribute tax revenue under this
9377		-	article.
9378		-	SECTION 183. IC 6-3.6-11-6, AS AMENDED BY P.L.9-2024,
9379		-	SECTION 194, IS AMENDED TO READ AS FOLLOWS
9380		-	[EFFECTIVE JANUARY 1, 2028]: Sec. 6. (a) This section applies to
9381		-	Lake County, LaPorte County, Porter County, and any municipality in
9382		-	those counties that is a member of the northwest Indiana regional
9383		-	development authority (IC 36-7.5) for purposes of categorizations,
9384		-	allocations, and distributions of additional revenue general purpose
9385		-	revenue that is allocated each year for economic development purposes
9386		-	under IC 6-3.6-6-9. IC 6-3.6-6.
9387		-	(b) This subsection applies only to Lake County. The county or a
9388		-	city described in IC 36-7.5-2-3(b) may use additional revenue general
9389		-	purpose revenue that is allocated each year for economic development
9390		-	purposes under IC 6-3.6-6-9 IC 6-3.6-6 for making transfers required
9391		-	by IC 36-7.5-4-2 or to provide rail project funding under IC 36-7.5-4.5.
9392		-	The additional revenue general purpose revenue allocated for
9393		-	economic development and used to make the transfers required by
9394		-	IC 36-7.5-4-2 or to provide rail project funding shall be paid by the
9395		-	treasurer of state to the treasurer of the northwest Indiana regional
9396		-	development authority before certified distributions are made to the
9397		-	county or any cities or towns in the county. The county or a city or town
9398		-	in the county may use additional revenue that is allocated each year for
9399		-	economic development purposes under IC 6-3.6-6-9 to provide
9400		-	homestead credits in the county, city, or town. The following apply to
9401		-	homestead credits provided under this subsection:
9402		-	(1) The county, city, or town fiscal body must adopt an ordinance
9403		-	authorizing the homestead credits. The ordinance must specify the
9404		-	amount of additional revenue that will be used to provide
9405		-	homestead credits in the following year.
9406		-	(2) The county, city, or town fiscal body that adopts an ordinance
9407		-	under this subsection must forward a copy of the ordinance to the
9408		-	county auditor and the department of local government finance
9409		-	not more than thirty (30) days after the ordinance is adopted.
9410		-	(3) The homestead credits must be applied uniformly to provide
9411		-	SEA 1 — Concur 220
9412		-	a homestead credit for homesteads in the county, city, or town.
9413		-	(4) The homestead credits shall be treated for all purposes as
9414		-	property tax levies.
9415		-	(5) The homestead credits shall be applied to the net property
9416		-	taxes due on the homestead after the application of all other
9417		-	assessed value deductions or property tax deductions and credits
9418		-	that apply to the amount owed under IC 6-1.1.
9419		-	(6) The state comptroller shall determine the homestead credit
9420		-	percentage for a particular year based on the amount of additional
9421		-	revenue that will be used under this subsection to provide
9422		-	homestead credits in that year.
9423		-	(c) This subsection applies only to Porter County. From the
	15070	+	other obligations.".
	15071	+	Page 190, line 5, after "rate" insert "of one and two-tenths percent
	15072	+	(1.2%)".
	15073	+	Page 222, line 11, delete "2026." and insert "2027.".
	15074	+	Page 226, between lines 14 and 15, begin a new paragraph and
	15075	+	insert:
	15076	+	"(c) This subsection applies only to Porter County. From the
9424	15077		general purpose revenue received each year from the rate imposed
9425	15078		under IC 6-3.6-6, the first three million five hundred thousand
9426	15079		dollars ($3,500,000) shall be used by the county to make transfers
9427	15080		as required under IC 36-7.5-4-2 to the northwest Indiana regional
9428	15081		development authority before any certified distributions are made
9429	15082		to the county unit or any other taxing unit in the county. The
9430	15083		adopting body for Porter County may not reduce the proportional
9431	15084		allocation of the general purpose revenue allocated to Porter
9432	15085		County if the reduction would result in an amount less than the
9433	15086		amount necessary for Porter County to fulfill its obligation to the
9434	15087		northwest Indiana regional development authority to pay to
9435	15088		support northwest Indiana rail projects (as defined in
9436		-	IC 5-1.3-2-14) and projects described in IC 36-7.5-4-2.5.
9437		-	(c) This subsection applies only to LaPorte County as follows:
9438		-	(1) This subsection applies if:
9439		-	(A) the county fiscal body has adopted an ordinance under
9440		-	IC 36-7.5-2-3(d) providing that the county is joining the
9441		-	northwest Indiana regional development authority; and
9442		-	(B) the fiscal body of the city described in IC 36-7.5-2-3(d)
9443		-	has adopted an ordinance under IC 36-7.5-2-3(d) providing
9444		-	that the city is joining the development authority.
9445		-	(2) Additional revenue that is allocated each year for economic
9446		-	development purposes under IC 6-3.6-6-9 may be used by a
9447		-	county or a city described in IC 36-7.5-2-3(d) for making transfers
9448		-	required by IC 36-7.5-4-2. In addition, if the allocation of
9449		-	additional revenue for economic development purposes under
9450		-	IC 6-3.6-6-9 is increased in the county, the first three million five
9451		-	hundred thousand dollars ($3,500,000) of the tax revenue that
9452		-	results each year from the allocation increase shall be used by the
9453		-	county only to make the county's transfer required by
9454		-	SEA 1 — Concur 221
9455		-	IC 36-7.5-4-2 and shall be paid by the treasurer of state to the
9456		-	treasurer of the northwest Indiana regional development authority
9457		-	under IC 36-7.5-4-2 before certified distributions are made to the
9458		-	county or any cities or towns in the county.
9459		-	(3) All of the additional revenue allocated for economic
9460		-	development purposes under IC 6-3.6-6-9 that results each year
9461		-	from an allocation increase described in subdivision (2) and that
9462		-	is in excess of the first three million five hundred thousand dollars
9463		-	($3,500,000) must be used by the county and cities and towns in
9464		-	the county for homestead credits under this subsection. The
9465		-	following apply to homestead credits provided under this
9466		-	subsection:
9467		-	(A) The homestead credits must be applied uniformly to
9468		-	provide a homestead credit for homesteads in the county, city,
9469		-	or town.
9470		-	(B) The homestead credits shall be treated for all purposes as
9471		-	property tax levies.
9472		-	(C) The homestead credits shall be applied to the net property
9473		-	taxes due on the homestead after the application of all other
9474		-	assessed value deductions or property tax deductions and
9475		-	credits that apply to the amount owed under IC 6-1.1.
9476		-	(D) The state comptroller shall determine the homestead credit
9477		-	percentage for a particular year based on the amount of
9478		-	additional revenue that will be used under this subdivision to
9479		-	provide homestead credits in that year.
9480		-	(d) This subsection applies only to Porter County. The additional
9481		-	revenue designated each year for economic development purposes
9482		-	under IC 6-3.6-6 shall be allocated and used as follows:
9483		-	(1) First, the revenue attributable to an income tax rate of
9484		-	twenty-five hundredths percent (0.25%) shall be allocated to the
9485		-	county and cities and towns as provided in IC 6-3.6-6-9.
9486		-	(2) Second, the next three million five hundred thousand dollars
9487		-	($3,500,000) of the revenue shall be used for the county or for
9488		-	eligible municipalities (as defined in IC 36-7.5-1-11.3) in the
9489		-	county, to make transfers as provided in and required under
9490		-	IC 36-7.5-4-2. The additional revenue used to make the transfers
9491		-	as provided in IC 36-7.5-4-2 shall be paid by the treasurer of state
9492		-	to the treasurer of the northwest Indiana regional development
9493		-	authority before certified distributions are made to the county or
9494		-	any taxing unit in the county. If Porter County ceases to be a
9495		-	member of the northwest Indiana regional development authority
9496		-	under IC 36-7.5 but two (2) or more municipalities in the county
9497		-	SEA 1 — Concur 222
9498		-	have become members of the northwest Indiana regional
9499		-	development authority as authorized by IC 36-7.5-2-3(h), the
9500		-	treasurer of state shall continue to transfer this amount to the
9501		-	treasurer of the northwest Indiana regional development authority
9502		-	under IC 36-7.5-4-2.
9503		-	(3) Third, except as provided in IC 36-7.5-3-5, all of the revenue
9504		-	each year that is in excess of the amounts described in
9505		-	subdivisions (1) and (2) must be used by the county and cities and
9506		-	towns in the county for homestead credits. The following apply to
9507		-	homestead credits provided under this subdivision:
9508		-	(A) The homestead credits must be applied uniformly to
9509		-	provide a homestead credit for homesteads in the county, city,
9510		-	or town.
9511		-	(B) The homestead credits shall be treated for all purposes as
9512		-	property tax levies.
9513		-	(C) The homestead credits shall be applied to the net property
9514		-	taxes due on the homestead after the application of all other
9515		-	assessed value deductions or property tax deductions and
9516		-	credits that apply to the amount owed under IC 6-1.1.
9517		-	(D) The state comptroller shall determine the homestead credit
9518		-	percentage for a particular year based on the amount of
9519		-	additional revenue that will be used under this subdivision to
9520		-	provide homestead credits in that year.
9521		-	(e) (d) A transfer made on behalf of a city, town, or county under
9522		-	this section after December 31, 2018, is to be considered a payment for
9523		-	services provided to residents by a rail project as those services are
9524		-	rendered.
9525		-	(f) (e) A pledge by the northwest Indiana regional development
9526		-	authority of transferred revenue under this section to the payment of
9527		-	bonds, leases, or obligations under this article or IC 5-1.3:
9528		-	(1) constitutes the obligations of the northwest Indiana regional
9529		-	development authority; and
9530		-	(2) does not constitute an indebtedness of:
9531		-	(A) a county or municipality described in this section; or
9532		-	(B) the state;
9533		-	within the meaning or application of any constitutional or
9534		-	statutory provision or limitation.
9535		-	(g) (f) Neither the transfer of revenue nor the pledge of revenue
9536		-	transferred under this section is an impairment of contract within the
9537		-	meaning or application of any constitutional provision or limitation
9538		-	because of the following:
9539		-	(1) The statutes governing local income taxes, including the
9540		-	SEA 1 — Concur 223
9541		-	transferred revenue, have been the subject of legislation annually
9542		-	since 1973, and during that time the statutes have been revised,
9543		-	amended, expanded, limited, and recodified dozens of times.
9544		-	(2) Owners of bonds, leases, or other obligations to which local
9545		-	income tax revenues have been pledged recognize that the
9546		-	regulation of local income taxes has been extensive and
9547		-	consistent.
9548		-	(3) All bonds, leases, or other obligations, due to their essential
9549		-	contractual nature, are subject to relevant state and federal law
9550		-	that is enacted after the date of a contract.
9551		-	(4) The state has a legitimate interest in assisting the northwest
9552		-	Indiana regional development authority in financing rail projects
9553		-	(as defined in IC 36-7.5-1-13.5).
9554		-	(h) (g) All proceedings had and actions described in this section are
9555		-	valid pledges under IC 5-1-14-4 as of the date of those pledges or
9556		-	actions and are hereby legalized and declared valid if taken before
9557		-	March 15, 2018.
9558		-	SECTION 184. IC 6-3.6-11-7, AS AMENDED BY P.L.9-2024,
9559		-	SECTION 195, IS AMENDED TO READ AS FOLLOWS
9560		-	[EFFECTIVE JANUARY 1, 2028]: Sec. 7. (a) This section applies to
9561		-	a civil taxing unit that has previously:
9562		-	(1) entered into an interlocal cooperation or similar agreement;
9563		-	(2) adopted an ordinance or resolution; or
9564		-	(3) taken any other action;
9565		-	offering to provide revenue to support and finance a rail project or rail
9566		-	projects (as defined under IC 36-7.5-1-13.5).
9567		-	(b) The additional revenue general purpose revenue that would
9568		-	otherwise be allocated to a civil taxing unit described in subsection (a)
9569		-	shall be withheld under section 5.5 of this chapter by the state
9570		-	comptroller and shall be paid by the state comptroller to the
9571		-	secretary-treasurer of the northwest Indiana regional development
9572		-	authority under IC 36-7.5-4-2 before certified distributions are made to
9573		-	the county and before the county auditor may allocate or distribute tax
9574		-	revenue under this article to any civil taxing unit in the county or
9575		-	counties in which the unit is located.
9576		-	(c) Amounts:
9577		-	(1) withheld under section 5.5 of this chapter; and
9578		-	(2) transferred on behalf of a civil taxing unit under this section;
9579		-	after December 31, 2018, are considered to be a payment for services
9580		-	provided to residents by a rail project as such services are rendered.
9581		-	(d) A pledge by the northwest Indiana regional development
9582		-	authority of withheld or transferred revenue received under this chapter
9583		-	SEA 1 — Concur 224
9584		-	to the payment of bonds, leases, or obligations under IC 36-7.5 or
9585		-	IC 5-1.3:
9586		-	(1) constitutes the obligations of the northwest Indiana regional
9587		-	development authority; and
9588		-	(2) does not constitute an indebtedness of:
9589		-	(A) a unit described in this section; or
9590		-	(B) the state;
9591		-	within the meaning or application of any constitutional or
9592		-	statutory provision or limitation.
9593		-	(e) Neither the withholding or transfer of revenue nor the pledge of
9594		-	revenue withheld or transferred under this chapter is an impairment of
9595		-	contract within the meaning or application of any constitutional
9596		-	provision or limitation because of the following:
9597		-	(1) The statutes governing local income taxes, including the
9598		-	withheld or transferred revenue, have been the subject of
9599		-	legislation annually since 1973, and during that time the statutes
9600		-	have been revised, amended, expanded, limited, and recodified
9601		-	dozens of times.
9602		-	(2) Owners of bonds, leases, or other obligations to which local
9603		-	income tax revenues have been pledged recognize that the
9604		-	regulation of local income taxes has been extensive and
9605		-	consistent.
9606		-	(3) All bonds, leases, or other obligations, due to their essential
9607		-	contractual nature, are subject to relevant state and federal law
9608		-	that is enacted after the date of a contract.
9609		-	(4) The state has a legitimate interest in assisting the northwest
9610		-	Indiana regional development authority in financing rail projects
9611		-	(as defined in IC 36-7.5-1-13.5).
9612		-	(f) All:
9613		-	(1) agreements;
9614		-	(2) ordinances or resolutions; and
9615		-	(3) proceedings had and actions described in this chapter;
9616		-	are valid pledges under IC 5-1-14-4 as of the date of those pledges or
9617		-	actions and are hereby legalized and declared valid if taken before
9618		-	April 30, 2019.
9619		-	SECTION 185. IC 6-3.6-11-7.5, AS AMENDED BY P.L.9-2024,
9620		-	SECTION 196, IS AMENDED TO READ AS FOLLOWS
9621		-	[EFFECTIVE JANUARY 1, 2028]: Sec. 7.5. (a) An action challenging
9622		-	any action taken under section 5.5, 5.7, 6, or 7 of this chapter to
9623		-	withhold or transfer revenue to the secretary-treasurer of the northwest
9624		-	Indiana regional developmental authority (IC 36-7.5) from a county's
9625		-	certified distribution must be brought within ten (10) days after the date
9626		-	SEA 1 — Concur 225
9627		-	on which the county auditor notifies the secretary-treasurer of the
9628		-	northwest Indiana regional development authority (IC 36-7.5) of the
9629		-	amount of certified tax revenue that will be distributed under
9630		-	IC 6-3.6-9-5(d). IC 6-3.6-9-5(b).
9631		-	(b) A court shall require a plaintiff to provide a bond with surety in
9632		-	an amount equal to the total amounts of tax revenue estimated to be
9633		-	withheld or transferred by the state comptroller from the date of the
9634		-	filing until December 31, 2049.
9635		-	(c) The burden of proof in an action under this section is on the
9636		-	plaintiff.
9637		-	(d) If the defendant prevails in an action under this section, the court
9638		-	shall award attorney's fees to the defendant.
9639		-	SECTION 186. IC 6-6-5-5, AS AMENDED BY P.L.256-2017,
9640		-	SECTION 26, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
9641		-	JANUARY 1, 2027]: Sec. 5. A person that owns a vehicle and that is
9642		-	entitled to a property tax deduction under IC 6-1.1-12-13,
9643		-	IC 6-1.1-12-14, or IC 6-1.1-12-16 (before their expiration) is entitled
9644		-	to a credit against the vehicle excise tax as follows: Any remaining
9645		-	deduction from assessed valuation to which the person is entitled,
9646		-	applicable to property taxes payable in the year in which the excise tax
9647		-	imposed by this chapter is due, after allowance of the deduction on real
9648		-	estate and personal property owned by the person, shall reduce the
9649		-	vehicle excise tax in the amount of two dollars ($2) on each one
9650		-	hundred dollars ($100) of taxable value or major portion thereof. The
9651		-	county auditor shall, upon request, furnish a certified statement to the
9652		-	person verifying the credit allowable under this section, and the
9653		-	statement shall be presented to and retained by the bureau to support
9654		-	the credit.
9655		-	SECTION 187. IC 6-6-5-5.2, AS AMENDED BY P.L.256-2017,
9656		-	SECTION 27, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
9657		-	JANUARY 1, 2027]: Sec. 5.2. (a) This section applies to a registration
9658		-	year beginning after December 31, 2013.
9659		-	(b) Subject to subsection (d), an individual may claim a credit
9660		-	against the tax imposed by this chapter upon a vehicle owned by the
9661		-	individual if the individual is eligible for the credit under any of the
9662		-	following:
9663		-	(1) The individual meets all the following requirements:
9664		-	(A) The individual served in the military or naval forces of the
9665		-	United States during any of its wars.
9666		-	(B) The individual received an honorable discharge.
9667		-	(C) The individual has a disability with a service connected
9668		-	disability of ten percent (10%) or more.
9669		-	SEA 1 — Concur 226
9670		-	(D) The individual's disability is evidenced by:
9671		-	(i) a pension certificate, an award of compensation, or a
9672		-	disability compensation check issued by the United States
9673		-	Department of Veterans Affairs; or
9674		-	(ii) a certificate of eligibility issued to the individual by the
9675		-	Indiana department of veterans' affairs after the Indiana
9676		-	department of veterans' affairs has determined that the
9677		-	individual's disability qualifies the individual to receive a
9678		-	credit under this section.
9679		-	(E) The individual does not own property to which a property
9680		-	tax deduction may be applied under IC 6-1.1-12-13 (before its
9681		-	expiration).
9682		-	(2) The individual meets all the following requirements:
9683		-	(A) The individual served in the military or naval forces of the
9684		-	United States for at least ninety (90) days.
9685		-	(B) The individual received an honorable discharge.
9686		-	(C) The individual either:
9687		-	(i) has a total disability; or
9688		-	(ii) is at least sixty-two (62) years of age and has a disability
9689		-	of at least ten percent (10%).
9690		-	(D) The individual's disability is evidenced by:
9691		-	(i) a pension certificate or an award of compensation issued
9692		-	by the United States Department of Veterans Affairs; or
9693		-	(ii) a certificate of eligibility issued to the individual by the
9694		-	Indiana department of veterans' affairs after the Indiana
9695		-	department of veterans' affairs has determined that the
9696		-	individual's disability qualifies the individual to receive a
9697		-	credit under this section.
9698		-	(E) The individual does not own property to which a property
9699		-	tax deduction may be applied under IC 6-1.1-12-14 (before its
9700		-	expiration).
9701		-	(3) The individual meets both of the following requirements:
9702		-	(A) The individual is the surviving spouse of any of the
9703		-	following:
9704		-	(i) An individual who would have been eligible for a credit
9705		-	under this section if the individual had been alive in 2013
9706		-	and this section had been in effect in 2013.
9707		-	(ii) An individual who received a credit under this section in
9708		-	the previous calendar year.
9709		-	(iii) A World War I veteran.
9710		-	(B) The individual does not own property to which a property
9711		-	tax deduction may be applied under IC 6-1.1-12-13,
9712		-	SEA 1 — Concur 227
9713		-	IC 6-1.1-12-14, or IC 6-1.1-12-16 (before their expiration).
9714		-	(c) The amount of the credit that may be claimed under this section
9715		-	is equal to the lesser of the following:
9716		-	(1) The amount of the excise tax liability for the individual's
9717		-	vehicle as determined under section 3 or 3.5 of this chapter, as
9718		-	applicable.
9719		-	(2) Seventy dollars ($70).
9720		-	(d) The maximum number of motor vehicles for which an individual
9721		-	may claim a credit under this section is two (2).
9722		-	(e) An individual may not claim a credit under both:
9723		-	(1) this section; and
9724		-	(2) section 5 of this chapter.
9725		-	(f) The credit allowed by this section must be claimed on a form
9726		-	prescribed by the bureau. An individual claiming the credit must attach
9727		-	to the form an affidavit from the county auditor stating that the
9728		-	claimant does not own property to which a property tax deduction may
9729		-	be applied under IC 6-1.1-12-13, IC 6-1.1-12-14, or IC 6-1.1-12-16
9730		-	(before their expiration).
9731		-	SECTION 188. IC 6-6-6.5-13, AS AMENDED BY P.L.1-2009,
9732		-	SECTION 55, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
9733		-	JANUARY 1, 2027]: Sec. 13. (a) As the basis for measuring the tax
9734		-	imposed by this chapter, the department shall classify every taxable
9735		-	aircraft in its proper class according to the following classification
9736		-	plan:
9737		-	CLASS DESCRIPTION
9738		-	A Piston-driven
9739		-	B Piston-driven,
9740		-	and Pressurized
9741		-	C Turbine driven
9742		-	or other Powered
9743		-	D Homebuilt, Gliders, or
9744		-	Hot Air Balloons
9745		-	(b) The tax imposed under this chapter is based on the age, class,
9746		-	and maximum landing weight of the taxable aircraft. The amount of tax
9747		-	imposed on the taxable aircraft is based on the following table:
9748		-	Age Class A Class B Class C Class D
9749		-	0-4 $.04/lb $.065/lb $.09/lb $.0175/lb
9750		-	5-8 $.035/lb $.055/lb $.08/lb $.015/lb
9751		-	9-12 $.03/lb $.05/lb $.07/lb $.0125/lb
9752		-	13-16 $.025/lb $.025/lb $.025/lb$.01/lb
9753		-	17-25 $.02/lb $.02/lb $.02/lb $.0075/lb
9754		-	over 25$.01/lb $.01/lb $.01/lb $.005/lb
9755		-	SEA 1 — Concur 228
9756		-	(c) An aircraft owner, who sells an aircraft on which the owner has
9757		-	paid the tax imposed under this chapter, is entitled to a credit for the
9758		-	tax paid. The credit equals excise tax paid on the aircraft that was sold,
9759		-	times the lesser of:
9760		-	(1) ninety percent (90%); or
9761		-	(2) ten percent (10%) times the number of months remaining in
9762		-	the registration year after the sale of the aircraft.
9763		-	The credit may only be used to reduce the tax imposed under this
9764		-	chapter on another aircraft purchased by that owner during the
9765		-	registration year in which the credit accrues. A person may not receive
9766		-	a refund for a credit under this subsection.
9767		-	(d) A person who is entitled to a property tax deduction under
9768		-	IC 6-1.1-12-13 or IC 6-1.1-12-14 (before their expiration) is entitled
9769		-	to a credit against the tax imposed on the person's aircraft under this
9770		-	chapter. The credit equals the amount of the property tax deduction to
9771		-	which the person is entitled under IC 6-1.1-12-13 and IC 6-1.1-12-14
9772		-	(before their expiration) minus the amount of that deduction used to
9773		-	offset the person's property taxes or vehicle excise taxes, times seven
9774		-	hundredths (.07). The credit may not exceed the amount of the tax due
9775		-	under this chapter. The county auditor shall, upon the person's request,
9776		-	furnish a certified statement showing the credit allowable under this
9777		-	subsection. The department may not allow a credit under this
9778		-	subsection until the auditor's statement has been filed in the
9779		-	department's office.
9780		-	SECTION 189. IC 6-8.1-6-9 IS ADDED TO THE INDIANA CODE
9781		-	AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JULY
9782		-	1, 2025]: Sec. 9. Beginning with the individual adjusted gross
9783		-	income tax return for taxable years beginning in 2025, the
9784		-	department of state revenue shall include on the adjusted gross
9785		-	income tax return a requirement that the taxpayer identify the
9786		-	address of the taxpayer's principal place of residence.
9787		-	SECTION 190. IC 6-9-10.5-8, AS AMENDED BY P.L.197-2016,
9788		-	SECTION 78, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
9789		-	JULY 1, 2027]: Sec. 8. (a) If the tax levied under section 6 of this
9790		-	chapter is increased by an ordinance adopted by the county fiscal body
9791		-	after June 30, 2011, the county treasurer shall establish a county
9792		-	promotion fund. The county treasurer shall deposit in the county
9793		-	promotion fund the difference between:
9794		-	(1) the amount received under section 6 of this chapter; minus
9795		-	(2) the amount deposited in the lake enhancement fund under
9796		-	section 7(c) of this chapter.
9797		-	(b) In a county in which a commission has been established under
9798		-	SEA 1 — Concur 229
9799		-	section 9 of this chapter, the county auditor shall issue a warrant
9800		-	directing the county treasurer to transfer money from the county
9801		-	promotion fund to the commission's treasurer if the commission
9802		-	submits a written request for the transfer.
9803		-	(c) Money in a county promotion fund, or money transferred from
9804		-	such a fund under subsection (b), may be expended only to promote
9805		-	and encourage conventions, visitors, tourism, and economic
9806		-	development within the county. Expenditures that may be made under
9807		-	this subsection include expenditures for advertising, promotional
9808		-	activities, trade shows, special events, and recreation, and expenditures
9809		-	that are authorized by IC 6-3.6-10-2 with respect to the county's
9810		-	additional revenue that is allocated for economic development
9811		-	purposes under IC 6-3.6-6-9. IC 6-3.6-6.
9812		-	SECTION 191. IC 8-5-15-5, AS AMENDED BY P.L.108-2019,
9813		-	SECTION 150, IS AMENDED TO READ AS FOLLOWS
9814		-	[EFFECTIVE MAY 10, 2025 (RETROACTIVE)]: Sec. 5. (a) The
9815		-	board has all powers reasonably necessary to carry out the purpose of
9816		-	this chapter including the following powers:
9817		-	(1) To receive federal, state, county, and municipal funds, or
9818		-	private contributions and disburse them for the purpose of aiding
9819		-	commuter transportation systems serving the district.
9820		-	(2) To monitor and evaluate the use of funds granted or
9821		-	distributed by the district.
9822		-	(3) To apply for federal, state, municipal, or county funds for the
9823		-	purpose of rendering assistance to commuter transportation
9824		-	systems.
9825		-	(4) To coordinate its plans and activities with:
9826		-	(A) any public transportation authority serving one (1) or more
9827		-	counties that are served by the system and through which the
9828		-	system passes;
9829		-	(B) the Indiana department of transportation;
9830		-	(C) regional planning commissions serving any portion of the
9831		-	district;
9832		-	(D) units of county and municipal government included in the
9833		-	district; and
9834		-	(E) any regional transportation authority, transit authority, or
9835		-	like governmental unit in another state if the commuter
9836		-	transportation system crosses the boundary of the state or
9837		-	serves another.
9838		-	(5) To purchase, lease, or lease with option to purchase capital
9839		-	equipment in aid of any system of commuter transportation
9840		-	operating in the district, and lease the equipment to the system
9841		-	SEA 1 — Concur 230
9842		-	under conditions and for a term to be determined by the board.
9843		-	(6) As a municipal corporation, to sue and be sued.
9844		-	(7) To conduct public hearings to accomplish the purpose of this
9845		-	chapter.
9846		-	(8) To seek and accept the assistance of any public or publicly
9847		-	funded agency in carrying out its functions and duties.
9848		-	(9) To enter into agreements with either private or public agencies
9849		-	for any purpose required to accomplish the intent of this chapter.
9850		-	The board may enter into a trust indenture or any other agreement
9851		-	with the board for depositories in order to obtain a loan or a loan
9852		-	guarantee under IC 5-13-12-11.
9853		-	(10) To set levels of service and rates notwithstanding IC 8-3-1,
9854		-	for transportation of passengers subject to section 7 of this
9855		-	chapter.
9856		-	(11) To expend funds granted to the district from any source for
9857		-	the purpose of paying reasonable administrative expenses.
9858		-	(12) To purchase, acquire, lease, or lease with option to purchase
9859		-	all or any part of the assets of a railroad that is providing
9860		-	commuter transportation services within the district and to
9861		-	purchase or acquire all or any part of the issued and outstanding
9862		-	stock of a railroad that is providing commuter transportation
9863		-	services within the district.
9864		-	(13) To own all or any part of the capital stock or assets of a
9865		-	railroad that is providing commuter transportation services within
9866		-	the district, and to operate either directly, by management
9867		-	contract, or by lease any such railroad.
9868		-	(14) Subject to section 5.3 of this chapter, to issue revenue
9869		-	bonds of the district payable solely from revenues for the purpose
9870		-	of paying all or any part of the cost of acquiring the capital stock
9871		-	of a railroad company, all or any part of the assets of a railroad, or
9872		-	any property, real or personal, for the purposes of this chapter.
9873		-	(15) To acquire, lease, construct, maintain, repair, police, and
9874		-	operate a railroad and to establish rules for the use of the railroad
9875		-	and other properties subject to the jurisdiction and control of the
	15089	+	IC 5-1.3-2-14) and projects described in IC 36-7.5-4-2.5.".
	15090	+	Page 228, line 13, delete "(c)" and insert "(d)".
	15091	+	Page 228, line 17, delete "(d)" and insert "(e)".
	15092	+	Page 228, line 27, delete "(e)" and insert "(f)".
	15093	+	Page 229, line 3, delete "(f)" and insert "(g)".
	15094	+	Page 248, line 6, delete "Regardless of whether a charter school is
	15095	+	located in the" and insert "The county executive of the county in
	15096	+	which the charter school organizer is incorporated shall appoint
	15097	+	one (1) individual to serve as a member of the charter school
9876	15098		board.
9877		-	(16) To acquire and dispose of real and personal property in the
9878		-	exercise of its powers and the performance of its duties under this
9879		-	chapter.
9880		-	(17) To lease to others for development or operation all or any
9881		-	part of a railroad on such terms and conditions as the board
9882		-	considers advisable.
9883		-	(18) To make and enter into all contracts, undertakings, and
9884		-	SEA 1 — Concur 231
9885		-	agreements necessary or incidental to the performance of its
9886		-	duties and the execution of its powers under this chapter.
9887		-	(19) To employ, subject to sections 18 and 19 of this chapter, an
9888		-	executive director or manager, consulting engineers,
9889		-	superintendents, and such other engineers, construction and
9890		-	accounting experts, attorneys, and other employees and agents as
9891		-	may be necessary in its judgment, and to fix their compensation.
9892		-	(20) To negotiate and enter into agreements for railroad trackage
9893		-	rights regardless of the location of the track.
9894		-	(21) To authorize the Indiana department of transportation to
9895		-	exercise all or a part of the powers of the board under this chapter
9896		-	or IC 5-1.3 that are necessary or desirable to accomplish the
9897		-	purposes of this chapter or IC 5-1.3, subject, in each case, to the
9898		-	agreement of the Indiana department of transportation.
9899		-	(22) To do all other acts necessary or reasonably incident to
9900		-	carrying out the purpose of this chapter.
9901		-	(b) Notwithstanding the powers granted to the board in subsection
9902		-	(a), the district does not have the power to levy taxes.
9903		-	(c) In the event the board of trustees determines that the commuter
9904		-	transportation system or the railroad owned by the district cannot
9905		-	continue to provide adequate transportation service, or the district is
9906		-	terminated, the board may, subject to the conditions of any state or
9907		-	federal grant used to purchase equipment or property, dispose of any
9908		-	properties of the district.
9909		-	(d) In the event the district is dissolved, ninety percent (90%) of the
9910		-	proceeds shall be paid to the state and ten percent (10%) to the counties
9911		-	in proportion to their contributions.
9912		-	(e) In the exercise of any of the powers granted to the board in
9913		-	subsection (a), the board is not subject to any other laws related to
9914		-	commuter transportation systems or railroads.
9915		-	SECTION 192. IC 8-5-15-5.3 IS ADDED TO THE INDIANA
9916		-	CODE AS A NEW SECTION TO READ AS FOLLOWS
9917		-	[EFFECTIVE MAY 10, 2025 (RETROACTIVE)]: Sec. 5.3.
9918		-	Notwithstanding any other law, the northern Indiana commuter
9919		-	transportation district established under this chapter may not issue
9920		-	new bonds, new notes, or other new evidences of indebtedness after
9921		-	May 9, 2025, that are payable in whole or in part from amounts
9922		-	distributed to the northern Indiana commuter transportation
9923		-	district from the commuter rail service fund (IC 8-3-1.5-20.5) or
9924		-	the electric rail service fund (IC 8-3-1.5-20.6). However, this
9925		-	section may not be construed to prohibit the refinancing of
9926		-	outstanding indebtedness originally incurred before May 10, 2025.
9927		-	SEA 1 — Concur 232
9928		-	SECTION 193. IC 8-5-15-5.4 IS AMENDED TO READ AS
9929		-	FOLLOWS [EFFECTIVE MAY 10, 2025 (RETROACTIVE)]: Sec.
9930		-	5.4. (a) Subject to section 5.3 of this chapter, the board may provide
9931		-	by resolution, at one (1) time or from time to time, for the issuance of
9932		-	revenue bonds of the district for the purpose of paying all or any part
9933		-	of the cost of a railroad project. The principal of and the interest on the
9934		-	bonds are payable solely from the revenues specifically pledged to the
9935		-	payment thereof. The bonds of each issue shall be dated, bear interest
9936		-	at any rate, and mature at a time or times not exceeding forty (40) years
9937		-	from the date thereof, as may be determined by the board, and may be
9938		-	made redeemable before maturity, at the option of the board, at such
9939		-	price or prices and under such terms and conditions as may be fixed by
9940		-	the board in the authorizing resolution.
9941		-	(b) The board shall determine the form of the bonds, including any
9942		-	interest coupons to be attached to the bonds, and shall fix the
9943		-	denomination or denominations of the bonds and the place or places of
9944		-	payment of principal and interest.
9945		-	(c) The bonds shall be issued in the name of the district and
9946		-	executed by the manual or facsimile signature of the president of the
9947		-	board. The manual or facsimile seal of the district shall be affixed or
9948		-	imprinted on the bonds and attested by the manual or facsimile
9949		-	signature of the secretary of the district. However, one (1) of the
9950		-	signatures must be manual, unless the bonds are authenticated by the
9951		-	manual signature of an authorized representative of a trustee for the
9952		-	bondholders. Any coupons attached to the bonds must bear the
9953		-	facsimile signature of the treasurer of the board. In case any officer
9954		-	whose signature or a facsimile of whose signature appears on any
9955		-	bonds or coupons ceases to be an officer before the delivery of the
9956		-	bonds, the signature or facsimile shall nevertheless be considered valid
9957		-	and sufficient for all purposes the same as if he had remained in office
9958		-	until the delivery. The bonds must contain on their face a statement to
9959		-	the effect that the bonds, as to both principal and interest, are payable
9960		-	solely from the revenues pledged for their payment.
9961		-	(d) All bonds issued under this chapter have all the qualities and
9962		-	incidents of negotiable instruments under the negotiable instruments
9963		-	law of Indiana.
9964		-	(e) The bonds may be issued in coupon, registered, or book entry
9965		-	form, or any combination of these, as the board may determine, and
9966		-	provision may be made for the registration of any coupon bonds as to
9967		-	principal alone and also as to both principal and interest, and for the
9968		-	reconversion into coupon bonds of any bonds registered as to both
9969		-	principal and interest.
9970		-	SEA 1 — Concur 233
9971		-	(f) The board may sell the bonds in such manner and for such price
9972		-	as it may determine to be in the best interest of the district, either at
9973		-	public sale under IC 5-1-11 or at private sale.
9974		-	(g) The board may issue bonds under this chapter only after
9975		-	obtaining approval of the issuance by the Indiana department of
9976		-	transportation. Before giving approval, the Indiana department of
9977		-	transportation shall give due consideration to any contract terms and
9978		-	conditions that impinge on the continuation of revenues for the term of
9979		-	any bond.
9980		-	(h) This chapter constitutes full and complete authority for the
9981		-	issuance of bonds. No law, procedure or proceedings, publications,
9982		-	notices, consents, approvals, orders, acts, or things by the board or any
9983		-	other officer, department, agency or instrumentality of the state, county,
9984		-	or any municipality shall be required to issue such bonds except as may
9985		-	be prescribed in this chapter.
9986		-	(i) Bonds issued under the provisions of this section shall constitute
9987		-	legal investments for any private trust funds, and the funds of any
9988		-	banks, trust companies, insurance companies, building and loan
9989		-	associations, credit unions, banks of discount and deposit, savings
9990		-	banks, loans and trust and safe deposit companies, rural loan and
9991		-	savings associations, guaranty loan and savings associations, mortgage
9992		-	guaranty companies, small loan companies, industrial loan and
9993		-	investment companies, and any other financial institutions organized
9994		-	under the laws of the state of Indiana.
9995		-	(j) Bonds may not be sold to purchase or lease assets or purchase
9996		-	capital stock of a railroad unless the board has a written undertaking
9997		-	from the seller or lessor that the seller or lessor will take no direct
9998		-	action calculated to cause the reduction of levels of freight service
9999		-	being rendered or revenues being generated on any such railroad for a
10000		-	period of time not less than the term of the bonds.
10001		-	SECTION 194. IC 8-9.5-8-17, AS AMENDED BY P.L.99-2007,
10002		-	SECTION 34, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
10003		-	JANUARY 1, 2027]: Sec. 17. The authority shall study and implement
10004		-	programs to assist in the transportation of military veterans or
10005		-	individuals with a disability (as defined in IC 6-1.1-12-11 before its
10006		-	expiration) who travel on a toll road to or from a hospital for
10007		-	treatment. However, a program may not be inconsistent with the trust
10008		-	indenture securing the bonds of the toll road.
10009		-	SECTION 195. IC 8-18-22-6, AS AMENDED BY P.L.256-2017,
10010		-	SECTION 96, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
10011		-	JULY 1, 2027]: Sec. 6. (a) Except as provided in subsection (b), the
10012		-	county fiscal body may pledge revenues for the payment of principal
10013		-	SEA 1 — Concur 234
10014		-	and interest on the bonds and for other purposes under the ordinance
10015		-	as provided by IC 5-1-14-4, including revenues from the following
10016		-	sources:
10017		-	(1) The motor vehicle highway account.
10018		-	(2) The local road and street account.
10019		-	(3) The county vehicle excise tax.
10020		-	(4) The county wheel tax.
10021		-	(5) The local income tax (IC 6-3.6).
10022		-	(6) Assessments.
10023		-	(7) Any other unappropriated or unencumbered money.
10024		-	(b) The county fiscal body may not pledge to levy ad valorem
10025		-	property taxes for these purposes, except for revenues from the
10026		-	following:
10027		-	(1) IC 8-16-3.
10028		-	(2) IC 8-16-3.1.
10029		-	(c) If the county fiscal body has pledged revenues from the local
10030		-	income tax as set forth in subsection (a), the local income tax council
10031		-	(as defined in IC 6-3.6-2-12) county fiscal body may covenant that the
10032		-	council county fiscal body will not repeal or modify the tax in a
10033		-	manner that would adversely affect owners of outstanding bonds issued
10034		-	under this chapter. The local income tax council county fiscal body
10035		-	may make the covenant by adopting an ordinance using procedures
10036		-	described in IC 6-3.6-3.
10037		-	SECTION 196. IC 8-22-3.5-9, AS AMENDED BY P.L.174-2022,
10038		-	SECTION 50, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
10039		-	JULY 1, 2027]: Sec. 9. (a) As used in this section, "base assessed
10040		-	value" means, subject to subsection (k):
10041		-	(1) the net assessed value of all the tangible property as finally
10042		-	determined for the assessment date immediately preceding the
10043		-	effective date of the allocation provision of the commission's
10044		-	resolution adopted under section 5 or 9.5 of this chapter,
10045		-	notwithstanding the date of the final action taken under section 6
10046		-	of this chapter; plus
10047		-	(2) to the extent it is not included in subdivision (1), the net
10048		-	assessed value of property that is assessed as residential property
10049		-	under the rules of the department of local government finance,
10050		-	within the airport development zone, as finally determined for the
10051		-	current assessment date.
10052		-	However, subdivision (2) applies only to an airport development zone
10053		-	established after June 30, 1997, and the portion of an airport
10054		-	development zone established before June 30, 1997, that is added to an
10055		-	existing airport development zone.
10056		-	SEA 1 — Concur 235
10057		-	(b) A resolution adopted under section 5 of this chapter and
10058		-	confirmed under section 6 of this chapter must include a provision with
10059		-	respect to the allocation and distribution of property taxes for the
10060		-	purposes and in the manner provided in this section.
10061		-	(c) The allocation provision must:
10062		-	(1) apply to the entire airport development zone; and
10063		-	(2) require that any property tax on taxable tangible property
10064		-	subsequently levied by or for the benefit of any public body
10065		-	entitled to a distribution of property taxes in the airport
10066		-	development zone be allocated and distributed as provided in
10067		-	subsections (d) and (e).
10068		-	(d) Except as otherwise provided in this section:
10069		-	(1) the proceeds of the taxes attributable to the lesser of:
10070		-	(A) the assessed value of the tangible property for the
10071		-	assessment date with respect to which the allocation and
10072		-	distribution is made; or
10073		-	(B) the base assessed value;
10074		-	shall be allocated and, when collected, paid into the funds of the
10075		-	respective taxing units; and
10076		-	(2) the excess of the proceeds of the property taxes imposed for
10077		-	the assessment date with respect to which the allocation and
10078		-	distribution are made that are attributable to taxes imposed after
10079		-	being approved by the voters in a referendum or local public
10080		-	question conducted after April 30, 2010, not otherwise included
10081		-	in subdivision (1) shall be allocated to and, when collected, paid
10082		-	into the funds of the taxing unit for which the referendum or local
10083		-	public question was conducted.
10084		-	(e) All of the property tax proceeds in excess of those described in
10085		-	subsection (d) shall be allocated to the eligible entity for the airport
10086		-	development zone and, when collected, paid into special funds as
10087		-	follows:
10088		-	(1) The commission may determine that a portion of tax proceeds
10089		-	shall be allocated to a training grant fund to be expended by the
10090		-	commission without appropriation solely for the purpose of
10091		-	reimbursing training expenses incurred by public or private
10092		-	entities in the training of employees for the qualified airport
10093		-	development project.
10094		-	(2) The commission may determine that a portion of tax proceeds
10095		-	shall be allocated to a debt service fund and dedicated to the
10096		-	payment of principal and interest on revenue bonds or a loan
10097		-	contract of the board of aviation commissioners or airport
10098		-	authority for a qualified airport development project, to the
10099		-	SEA 1 — Concur 236
10100		-	payment of leases for a qualified airport development project, or
10101		-	to the payment of principal and interest on bonds issued by an
10102		-	eligible entity to pay for qualified airport development projects in
10103		-	the airport development zone or serving the airport development
10104		-	zone.
10105		-	(3) The commission may determine that a part of the tax proceeds
10106		-	shall be allocated to a project fund and used to pay expenses
10107		-	incurred by the commission for a qualified airport development
10108		-	project that is in the airport development zone or is serving the
10109		-	airport development zone.
10110		-	(4) Except as provided in subsection (f), all remaining tax
10111		-	proceeds after allocations are made under subdivisions (1), (2),
10112		-	and (3) shall be allocated to a project fund and dedicated to the
10113		-	reimbursement of expenditures made by the commission for a
10114		-	qualified airport development project that is in the airport
10115		-	development zone or is serving the airport development zone.
10116		-	(f) Before July 15 of each year, the commission shall do the
10117		-	following:
10118		-	(1) Determine the amount, if any, by which tax proceeds allocated
10119		-	to the project fund in subsection (e)(3) in the following year will
10120		-	exceed the amount necessary to satisfy amounts required under
10121		-	subsection (e).
10122		-	(2) Provide a written notice to the county auditor and the officers
10123		-	who are authorized to fix budgets, tax rates, and tax levies under
10124		-	IC 6-1.1-17-5 for each of the other taxing units that is wholly or
10125		-	partly located within the allocation area. The notice must:
10126		-	(A) state the amount, if any, of excess tax proceeds that the
10127		-	commission has determined may be allocated to the respective
10128		-	taxing units in the manner prescribed in subsection (d)(1); or
10129		-	(B) state that the commission has determined that there are no
10130		-	excess tax proceeds that may be allocated to the respective
10131		-	taxing units in the manner prescribed in subsection (d)(1).
10132		-	The county auditor shall allocate to the respective taxing units the
10133		-	amount, if any, of excess tax proceeds determined by the
10134		-	commission.
10135		-	(g) When money in the debt service fund and in the project fund is
10136		-	sufficient to pay all outstanding principal and interest (to the earliest
10137		-	date on which the obligations can be redeemed) on revenue bonds
10138		-	issued by the board of aviation commissioners or airport authority for
10139		-	the financing of qualified airport development projects, all lease rentals
10140		-	payable on leases of qualified airport development projects, and all
10141		-	costs and expenditures associated with all qualified airport
10142		-	SEA 1 — Concur 237
10143		-	development projects, money in the debt service fund and in the project
10144		-	fund in excess of those amounts shall be paid to the respective taxing
10145		-	units in the manner prescribed by subsection (d)(1).
10146		-	(h) Property tax proceeds allocable to the debt service fund under
10147		-	subsection (e)(2) must, subject to subsection (g), be irrevocably
10148		-	pledged by the eligible entity for the purpose set forth in subsection
10149		-	(e)(2).
10150		-	(i) Notwithstanding any other law, each assessor shall, upon petition
10151		-	of the commission, reassess the taxable tangible property situated upon
10152		-	or in, or added to, the airport development zone effective on the next
10153		-	assessment date after the petition.
10154		-	(j) Notwithstanding any other law, the assessed value of all taxable
10155		-	tangible property in the airport development zone, for purposes of tax
10156		-	limitation, property tax replacement, and formulation of the budget, tax
10157		-	rate, and tax levy for each political subdivision in which the property
10158		-	is located is the lesser of:
10159		-	(1) the assessed value of the tangible property as valued without
10160		-	regard to this section; or
10161		-	(2) the base assessed value.
10162		-	(k) If the commission confirms, or modifies and confirms, a
10163		-	resolution under section 6 of this chapter and the commission makes
10164		-	either of the filings required under section 6(c) of this chapter after the
10165		-	first anniversary of the effective date of the allocation provision, the
10166		-	auditor of the county in which the airport development zone is located
10167		-	shall compute the base assessed value for the allocation area using the
10168		-	assessment date immediately preceding the later of:
10169		-	(1) the date on which the documents are filed with the county
10170		-	auditor; or
10171		-	(2) the date on which the documents are filed with the department
10172		-	of local government finance.
10173		-	(l) For an airport development zone established after June 30, 2024,
10174		-	"residential property" refers to the assessed value of property that is
10175		-	allocated to the one percent (1%) homestead land and improvement
10176		-	categories in the county tax and billing software system, along with the
10177		-	residential assessed value as defined for purposes of calculating the
10178		-	rate for the local income tax property tax relief credit designated for
10179		-	residential property under IC 6-3.6-5-6(d)(3) (before its expiration).
10180		-	SECTION 197. IC 12-20-25-34, AS AMENDED BY P.L.197-2016,
10181		-	SECTION 103, IS AMENDED TO READ AS FOLLOWS
10182		-	[EFFECTIVE JULY 1, 2027]: Sec. 34. The financial plan adopted
10183		-	under section 33 of this chapter may include the following:
10184		-	(1) The adoption in the current year of a local income tax rate
10185		-	SEA 1 — Concur 238
10186		-	under IC 6-3.6 not to exceed one percent (1%). If a local income
10187		-	tax rate is imposed under this chapter, the ordinance must specify
10188		-	whether any revenue in excess of the rate needed to carry out the
10189		-	financial plan is to be used for property tax relief (IC 6-3.6-5)
10190		-	(before its expiration) or as additional revenue (IC 6-3.6-6). The
10191		-	revenue from the tax rate under this section shall be distributed as
10192		-	provided in this chapter. The adoption of a local income tax rate
10193		-	under this chapter is in addition to the local income tax rate under
10194		-	IC 6-3.6 that may already be in effect in the county.
10195		-	(2) The payment of township assistance with county money.
10196		-	(3) The elimination or reduction of township assistance services
10197		-	not required under this article.
10198		-	SECTION 198. IC 12-20-25-35, AS AMENDED BY P.L.197-2016,
10199		-	SECTION 104, IS AMENDED TO READ AS FOLLOWS
10200		-	[EFFECTIVE JULY 1, 2027]: Sec. 35. (a) The control board shall
10201		-	report the following to the county fiscal body:
10202		-	(1) The audit findings of the management committee.
10203		-	(2) The financial plan adopted under section 33 of this chapter.
10204		-	(b) Not more than thirty (30) days after notice, the county fiscal
10205		-	body shall adopt one (1) of the following:
10206		-	(1) An ordinance adopting the financial plan adopted by the
10207		-	control board.
10208		-	(2) An ordinance rejecting the financial plan adopted by the
10209		-	control board.
10210		-	(c) Notwithstanding IC 6-3.6-3, if:
10211		-	(1) the financial plan adopted under section 33 of this chapter
10212		-	includes a local income tax rate; and
10213		-	(2) the fiscal body adopts an ordinance adopting the financial plan
10214		-	under subsection (b);
10215		-	the local income tax rate is imposed at the rate adopted in the financial
10216		-	plan. Subject to the requirements of this chapter and notwithstanding
10217		-	that the local income tax council may be the adopting body specified
10218		-	in IC 6-3.6-3-1, the county fiscal body, rather than the local income tax
10219		-	council, has the authority granted to a local income tax council by
10220		-	IC 6-3.6-3 as long as the local income tax rate imposed under this
10221		-	chapter remains in effect.
10222		-	SECTION 199. IC 14-33-7-3 IS AMENDED TO READ AS
10223		-	FOLLOWS [EFFECTIVE JANUARY 1, 2025 (RETROACTIVE)]:
10224		-	Sec. 3. (a) Except as provided in subsection (b), in all districts
10225		-	described in IC 14-33-9-4, the special benefits tax rate may not exceed
10226		-	six and sixty-seven hundredths cents ($0.0667) on each one hundred
10227		-	dollars ($100) of assessed valuation of property in the taxing district.
10228		-	SEA 1 — Concur 239
10229		-	(b) This subsection applies to a district established after
10230		-	December 31, 2024. The special benefits tax rate may not exceed
10231		-	five cents ($0.05) on each one hundred dollars ($100) of assessed
10232		-	valuation of property in the taxing district.
10233		-	SECTION 200. IC 20-23-19 IS ADDED TO THE INDIANA CODE
10234		-	AS A NEW CHAPTER TO READ AS FOLLOWS [EFFECTIVE
10235		-	UPON PASSAGE]:
10236		-	Chapter 19. Dissolution of Union School Corporation
10237		-	Sec. 1. As used in this chapter, "annex" has the meaning set
10238		-	forth in IC 20-23-5-2.
10239		-	Sec. 2. The Union School Corporation and the governing body
10240		-	of the Union School Corporation are dissolved on July 1, 2027.
10241		-	Sec. 3. (a) On July 1, 2027, the territory of the Union School
10242		-	Corporation is annexed as follows:
10243		-	(1) All of the territory of the Union School Corporation that
10244		-	is located in Henry County is annexed to the Blue River
10245		-	Valley Schools School Corporation.
10246		-	(2) All of the territory of the Union School Corporation that
10247		-	is located in Randolph County is annexed to the Monroe
10248		-	Central School Corporation.
10249		-	(b) The Union School Corporation may not, after July 1, 2025,
10250		-	do any of the following:
10251		-	(1) Issue new bonds.
10252		-	(2) Enter into a lease.
10253		-	(3) Otherwise incur any new obligations.
10254		-	Sec. 4. (a) Notwithstanding IC 20-26-7.1, the governing body of
10255		-	the Union School Corporation, before its dissolution under this
10256		-	chapter, shall offer for sale and sell in the open market any
10257		-	building and real property owned by the Union School
10258		-	Corporation.
10259		-	(b) If the governing body is unable to sell a building described
10260		-	in subsection (a), the governing body of the Union School
10261		-	Corporation shall make the building available for purchase as
10262		-	provided under IC 20-26-7.1.
10263		-	(c) If the governing body of the Union School Corporation does
10264		-	not sell a building or any real property described in subsection (a),
10265		-	the governing body shall transfer ownership of the building and
10266		-	any real property to the governing body of the Monroe Central
10267		-	School Corporation.
10268		-	(d) Notwithstanding IC 20-26-7.1, the governing body of the
10269		-	Monroe Central School Corporation may offer for sale and sell any
10270		-	building or real property transferred under subsection (c) in the
10271		-	SEA 1 — Concur 240
10272		-	open market.
10273		-	Sec. 5. (a) The governing body of the Union School Corporation
10274		-	shall use any unencumbered funds and assets, including buses or
10275		-	other personal property, owned or held by the Union School
10276		-	Corporation to pay existing debts or liabilities of the Union School
10277		-	Corporation.
10278		-	(b) If funds and assets described in subsection (a) are
10279		-	insufficient to pay all the existing debts or liabilities of the Union
10280		-	School Corporation, there is appropriated on June 1, 2027, to the
10281		-	Union School Corporation from the state general fund an amount
10282		-	sufficient to pay off all existing debts of the Union School
10283		-	Corporation.
10284		-	Sec. 6. (a) If the Union School Corporation has any remaining
10285		-	unencumbered funds or assets after all debts of the Union School
10286		-	Corporation are paid, the remaining unencumbered funds or assets
10287		-	must be divided for transfer to the Blue River Valley Schools
10288		-	School Corporation and the Monroe Central School Corporation
10289		-	as follows:
10290		-	STEP ONE: Determine the total assessed value of all property
10291		-	subject to taxation by the Union School Corporation.
10292		-	STEP TWO: Determine the total assessed value of all
10293		-	property subject to taxation by the Union School Corporation
10294		-	that is located in Henry County.
10295		-	STEP THREE: Determine the total assessed value of all
10296		-	property subject to taxation by the Union School Corporation
10297		-	that is located in Randolph County.
10298		-	STEP FOUR: Calculate the quotient of:
10299		-	(A) STEP TWO; divided by
10300		-	(B) STEP ONE.
10301		-	STEP FIVE: Calculate the quotient of:
10302		-	(A) STEP THREE; divided by
10303		-	(B) STEP ONE.
10304		-	STEP SIX: Determine the product of:
10305		-	(A) the amount or value of any remaining unencumbered
10306		-	funds or assets of the Union School Corporation;
10307		-	multiplied by
10308		-	(B) STEP FOUR.
10309		-	STEP SEVEN: Determine the product of:
10310		-	(A) the amount or value of any remaining unencumbered
10311		-	funds or assets of the Union School Corporation;
10312		-	multiplied by
10313		-	(B) STEP FIVE.
10314		-	SEA 1 — Concur 241
10315		-	(b) The governing body of the Union School Corporation shall
10316		-	do the following:
10317		-	(1) Determine the amount of the fair market value of each
10318		-	remaining unencumbered asset owned by the Union School
10319		-	Corporation.
10320		-	(2) Transfer the following not later than June 30, 2027:
10321		-	(A) The amount of any funds plus assets, as applicable, that
10322		-	is equal to the product determined under STEP SIX of
10323		-	subsection (a) to the Blue River Valley Schools School
10324		-	Corporation.
10325		-	(B) The amount of any funds plus assets, as applicable, that
10326		-	is equal to the product determined under STEP SEVEN of
10327		-	subsection (a) to the Monroe Central School Corporation.
10328		-	Sec. 7. (a) With the addition of the annexed territory under this
10329		-	chapter, the governing body of the Blue River Valley Schools
10330		-	School Corporation shall, not later than July 1, 2025, begin the
10331		-	process of adopting a plan, as needed, to determine the manner in
10332		-	which the governing body shall be constituted.
10333		-	(b) With the addition of the annexed territory under this
10334		-	chapter, the governing body of the Monroe Central School
10335		-	Corporation shall, not later than July 1, 2025, begin the process of
10336		-	adopting a plan, as needed, to determine the manner in which the
10337		-	governing body shall be constituted.
10338		-	(c) Except as provided in subsection (d), the plan shall be
10339		-	adopted in accordance with the requirements and procedures of
10340		-	IC 20-23-8.
10341		-	(d) The adoption of a plan under IC 20-23-8-10 and the
10342		-	submission of the plan to the state board under IC 20-23-8-15 are
10343		-	the only procedures required when an existing plan is changed as
10344		-	described in IC 20-23-5-11(b).
10345		-	(e) A plan described in subsection (a) or (b) must be adopted
10346		-	and effective not later than May 15, 2027.
10347		-	Sec. 8. For purposes of meeting the requirements of IC 3-8-1-34,
10348		-	an individual residing in territory annexed under section 3 of this
10349		-	chapter is considered a resident of the Blue River Valley Schools
10350		-	School Corporation or the Monroe Central School Corporation,
10351		-	whichever is applicable, during the time period in which the
10352		-	individual resided in the territory before the annexation.
10353		-	Sec. 9. This subsection applies to the second installment of
10354		-	property taxes first due and payable in 2027. In the case of
10355		-	property tax revenue that, if not for the application of this chapter,
10356		-	is collected for Union School Corporation that is attributable to
10357		-	SEA 1 — Concur 242
10358		-	tangible property located in Randolph County, the Randolph
10359		-	County auditor shall distribute the property tax revenue instead to
10360		-	Monroe Central School Corporation. In the case of property tax
10361		-	revenue that, if not for the application of this chapter, is collected
10362		-	for Union School Corporation that is attributable to tangible
10363		-	property located in Henry County, the Henry County auditor shall
10364		-	distribute the property tax revenue instead to Blue River Valley
10365		-	School Corporation.
10366		-	Sec. 10. This chapter expires July 1, 2028.
10367		-	SECTION 201. IC 20-24-3-19 IS ADDED TO THE INDIANA
10368		-	CODE AS A NEW SECTION TO READ AS FOLLOWS
10369		-	[EFFECTIVE JULY 1, 2025]: Sec. 19. (a) This section applies to a
10370		-	charter school that receives property tax revenue under any statute
10371		-	referred to in IC 20-24-7-6.1 or IC 20-24-7-6.2.
10372		-	(b) As used in this section, "executive" has the meaning set forth
10373		-	in IC 36-1-2-5.
10374		-	(c) The county executive of the county in which the charter
10375		-	school organizer is incorporated shall appoint one (1) individual to
10376		-	serve as a member of the charter school board.
10377	15099		(d) In the case of a charter school organizer that operates more
10378	15100		than one (1) charter school located in more than one (1) county, the
10379	15101		county executive of the county in which the charter school is
10380	15102		incorporated shall appoint the member under this section.
10381	15103		(e) The following may not be appointed to a governing board
10382	15104		under this section:
10383	15105		(1) An individual currently serving on the governing body of
10384	15106		a school corporation.
10385	15107		(2) An individual currently employed by a school corporation.
10386	15108		(f) A county executive may designate an individual who already
	15109	+	ES 1—LS 7244/DI 120 350
10387	15110		serves on the governing board of the charter school as the county
10388		-	executive's appointee under subsection (c).
10389		-	SECTION 202. IC 20-24-4-1, AS AMENDED BY P.L.150-2024,
10390		-	SECTION 13, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
10391		-	JULY 1, 2025]: Sec. 1. (a) A charter must meet the following
10392		-	requirements:
10393		-	(1) Be a written instrument.
10394		-	(2) Be executed by an authorizer and an organizer.
10395		-	(3) Confer certain rights, franchises, privileges, and obligations
10396		-	on a charter school.
10397		-	(4) Confirm the status of a charter school as a public school.
10398		-	(5) Subject to subdivision (6)(E), be granted for:
10399		-	(A) not less than three (3) years or more than fifteen (15)
10400		-	SEA 1 — Concur 243
10401		-	years; and
10402		-	(B) a fixed number of years agreed to by the authorizer and the
10403		-	organizer.
10404		-	(6) Provide for the following:
10405		-	(A) A review by the authorizer of the charter school's
10406		-	performance, including the progress of the charter school in
10407		-	achieving the academic goals set forth in the charter, at least
10408		-	one (1) time in each five (5) year period while the charter is in
10409		-	effect.
10410		-	(B) Renewal, if the authorizer and the organizer agree to renew
10411		-	the charter.
10412		-	(C) The renewal application must include guidance from the
10413		-	authorizer, and the guidance must include the performance
10414		-	criteria that will guide the authorizer's renewal decisions.
10415		-	(D) The renewal application process must, at a minimum,
10416		-	provide an opportunity for the charter school to:
10417		-	(i) present additional evidence, beyond the data contained in
10418		-	the performance report, supporting its case for charter
10419		-	renewal;
10420		-	(ii) describe improvements undertaken or planned for the
10421		-	charter school; and
10422		-	(iii) detail the charter school's plans for the next charter
10423		-	term.
10424		-	(E) Not later than the end of the calendar year in which the
10425		-	charter school seeks renewal of a charter, the governing board
10426		-	of a charter school seeking renewal shall submit a renewal
10427		-	application to the charter authorizer under the renewal
10428		-	application guidance issued by the authorizer. The authorizer
10429		-	shall make a final ruling on the renewal application not later
10430		-	than April 1 after the filing of the renewal application. A
10431		-	renewal granted under this clause is not subject to the three (3)
10432		-	year minimum described in subdivision (5). The April 1
10433		-	deadline does not apply to any review or appeal of a final
10434		-	ruling. After the final ruling is issued, the charter school may
10435		-	obtain further review by the authorizer of the authorizer's final
10436		-	ruling in accordance with the terms of the charter school's
10437		-	charter and the protocols of the authorizer.
10438		-	(7) Specify the grounds for the authorizer to:
10439		-	(A) revoke the charter before the end of the term for which the
10440		-	charter is granted; or
10441		-	(B) not renew a charter.
10442		-	(8) Set forth the methods by which the charter school will be held
10443		-	SEA 1 — Concur 244
10444		-	accountable for achieving the educational mission and goals of
10445		-	the charter school, including the following:
10446		-	(A) Evidence of improvement in:
10447		-	(i) assessment measures, including the statewide assessment
10448		-	program measures;
10449		-	(ii) attendance rates;
10450		-	(iii) graduation rates (if appropriate);
10451		-	(iv) increased numbers of Indiana diplomas with a Core 40
10452		-	designation or increased numbers of Indiana diploma
10453		-	designations established under IC 20-19-2-21 and other
10454		-	college and career ready indicators including advanced
10455		-	placement participation and passage, dual credit
10456		-	participation and passage, and International Baccalaureate
10457		-	participation and passage (if appropriate);
10458		-	(v) increased numbers of Indiana diplomas with Core 40
10459		-	with academic honors and technical honors designations (if
10460		-	appropriate);
10461		-	(vi) student academic growth;
10462		-	(vii) financial performance and stability; and
10463		-	(viii) governing board performance and stewardship,
10464		-	including compliance with applicable laws, rules and
10465		-	regulations, and charter terms.
10466		-	(B) Evidence of progress toward reaching the educational
10467		-	goals set by the organizer.
10468		-	(9) Describe the method to be used to monitor the charter
10469		-	school's:
10470		-	(A) compliance with applicable law; and
10471		-	(B) performance in meeting targeted educational performance.
10472		-	(10) Specify that the authorizer and the organizer may amend the
10473		-	charter during the term of the charter by mutual consent and
10474		-	describe the process for amending the charter.
10475		-	(11) Describe specific operating requirements, including all the
10476		-	matters set forth in the application for the charter.
10477		-	(12) Specify a date when the charter school will:
10478		-	(A) begin school operations; and
10479		-	(B) have students attending the charter school.
10480		-	(13) Specify that records of a charter school relating to the
10481		-	school's operation and charter are subject to inspection and
10482		-	copying to the same extent that records of a public school are
10483		-	subject to inspection and copying under IC 5-14-3.
10484		-	(14) Specify that records provided by the charter school to the
10485		-	department or authorizer that relate to compliance by the
10486		-	SEA 1 — Concur 245
10487		-	organizer with the terms of the charter or applicable state or
10488		-	federal laws are subject to inspection and copying in accordance
10489		-	with IC 5-14-3.
10490		-	(15) Specify that the charter school is subject to the requirements
10491		-	of IC 5-14-1.5.
10492		-	(16) This subdivision applies to a charter established or renewed
10493		-	for an adult high school after June 30, 2014. The charter must
10494		-	require:
10495		-	(A) that the school will offer flexible scheduling;
10496		-	(B) that students will not complete the majority of instruction
10497		-	of the school's curriculum online or through remote
10498		-	instruction;
10499		-	(C) that the school will offer dual credit or industry
10500		-	certification course work that aligns with career pathways as
10501		-	recommended by the Indiana career council established by
10502		-	IC 22-4.5-9-3 (expired); and
10503		-	(D) a plan:
10504		-	(i) to support successful program completion and to assist
10505		-	transition of graduates to the workforce or to a
10506		-	postsecondary education upon receiving a diploma from the
10507		-	adult high school; and
10508		-	(ii) to review individual student accomplishments and
10509		-	success after a student receives a diploma from the adult
10510		-	high school.
10511		-	(17) In the case of a charter school that is subject to
10512		-	IC 20-24-3-19, the charter must confirm that at least one (1)
10513		-	member of the governing board of the charter school will be
10514		-	appointed in accordance with IC 20-24-3-19.
10515		-	(b) A charter school shall set annual performance targets in
10516		-	conjunction with the charter school's authorizer. The annual
10517		-	performance targets shall be designed to help each school meet
10518		-	applicable federal, state, and authorizer expectations.
10519		-	SECTION 203. IC 20-24-7-6, AS AMENDED BY P.L.189-2023,
10520		-	SECTION 4, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
10521		-	JULY 1, 2025]: Sec. 6. (a) With the approval of a majority of the
10522		-	members of the governing body, a school corporation may distribute a
10523		-	proportionate share of the school corporation's operations fund to a
10524		-	charter school. A charter school may elect to distribute a proportionate
10525		-	share of the charter school's operations fund to the school corporation
10526		-	in whose district the charter school is located.
10527		-	(b) Except as provided in IC 20-46-1-21 and IC 20-46-9-22, a
10528		-	governing body may distribute money that is received as part of a tax
10529		-	SEA 1 — Concur 246
10530		-	levy collected under IC 20-46-1 from the school corporation's
10531		-	education fund to a charter school, excluding a virtual charter school,
10532		-	in the manner provided by IC 20-46-1-8(e).
10533		-	(c) Except as provided in IC 20-46-1-21 and IC 20-46-9-22, a
10534		-	governing body may distribute money from the school safety
10535		-	referendum tax levy fund to a charter school, excluding a virtual
10536		-	charter school, in the manner prescribed by IC 20-46-9-6(b).
10537		-	SECTION 204. IC 20-24-7-6.1, AS ADDED BY P.L.201-2023,
10538		-	SECTION 153, IS AMENDED TO READ AS FOLLOWS
10539		-	[EFFECTIVE JULY 1, 2025]: Sec. 6.1. (a) This section applies to
10540		-	revenue collected:
10541		-	(1) after June 30, 2024, and before January 1, 2028, from a tax
10542		-	levy imposed under IC 20-46-8 by the governing body of a school
10543		-	corporation described in IC 20-46-8-11.2(a); and
10544		-	(2) after December 31, 2027, in the case of a tax levy imposed
10545		-	under IC 20-46-8 by the governing body of a school
10546		-	corporation.
10547		-	(b) Beginning In calendar year 2025, 2026, and 2027, and each year
10548		-	thereafter, the county auditor shall distribute money that is received as
10549		-	part of a tax levy collected under IC 20-46-8 to an eligible charter
10550		-	school, excluding a virtual charter school and adult high school, for
10551		-	deposit in the charter school's operations fund created under
10552		-	IC 20-40-18-1. The distributions shall be made at the same time that
10553		-	tax levy revenue is required to be distributed to school corporations.
10554		-	(c) Beginning in calendar year 2028, and each year thereafter,
10555		-	the county auditor shall distribute money that is received as part
10556		-	of a tax levy collected under IC 20-46-8 to an eligible charter
10557		-	school, excluding a virtual charter school and adult high school, in
10558		-	the manner prescribed by IC 20-46-8-12 for deposit in the charter
10559		-	school's operations fund created under IC 20-40-18-1. The
10560		-	distributions shall be made at the same time that tax levy revenue
10561		-	is required to be distributed to school corporations.
10562		-	SECTION 205. IC 20-24-7-6.2, AS ADDED BY P.L.189-2023,
10563		-	SECTION 5, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
10564		-	JULY 1, 2025]: Sec. 6.2. (a) This section applies to a levy:
10565		-	(1) resulting from a resolution to place a referendum on the ballot
10566		-	adopted by the governing body under IC 20-46-1-8,
10567		-	IC 20-46-1-8.5, IC 20-46-9-6, or IC 20-46-9-7 after May 10,
10568		-	2023, for counties described in IC 20-46-1-21(a) and
10569		-	IC 20-46-9-22(a); or
10570		-	(2) if the:
10571		-	(A) governing body of the school corporation approves the
10572		-	SEA 1 — Concur 247
10573		-	referendum levy in a resolution adopted under
10574		-	IC 20-46-1-8 or IC 20-46-1-8.5; and
10575		-	(B) referendum levy is imposed for the first time with
10576		-	property taxes first due and payable in a calendar year
10577		-	beginning after December 31, 2027.
10578		-	(b) The county auditor in the county in which the applicable school
10579		-	corporation is located shall distribute money that is received as part of
10580		-	a tax levy collected under IC 20-46-1 to an applicable charter school,
10581		-	excluding a virtual charter school or adult high school, in the manner
10582		-	provided by IC 20-46-1-21.
10583		-	(c) The county auditor in the county in which the applicable school
10584		-	corporation is located shall distribute money that is received as part of
10585		-	a tax levy collected under IC 20-46-9 to an applicable charter school,
10586		-	excluding a virtual charter school or adult high school, in the manner
10587		-	prescribed by IC 20-46-9-22.
10588		-	(d) A charter school that may receive money from a school
10589		-	corporation's tax levy collected under IC 20-46-1 or a school safety
10590		-	referendum tax levy under IC 20-46-9 may not promote a position on
10591		-	is prohibited from promoting a referendum in the same manner as a
10592		-	school corporation is prohibited from promoting a position on a
10593		-	referendum under IC 20-46-1-20.
10594		-	(e) If a charter school receives a distribution from a school
10595		-	corporation from the school corporation's tax levy collected under
10596		-	IC 20-46-1 or a school safety referendum tax levy under IC 20-46-9,
10597		-	the charter school must post the following on the charter school's
10598		-	website:
10599		-	(1) The specific purposes for which the revenue received from the
10600		-	tax levy will be used.
10601		-	(2) An estimate of the annual dollar amounts that will be
10602		-	expended for each purpose described in subdivision (1).
10603		-	SECTION 206. IC 20-24-7-17 IS ADDED TO THE INDIANA
10604		-	CODE AS A NEW SECTION TO READ AS FOLLOWS
10605		-	[EFFECTIVE JULY 1, 2025]: Sec. 17. (a) This section is in addition
10606		-	to any other requirement imposed on a charter school with respect
10607		-	to the closure of a charter school, including the payment of any
10608		-	outstanding debts.
10609		-	(b) At the time of the closure of a charter school, the charter
10610		-	school shall return any money remaining unexpended from any
10611		-	distribution of property tax revenue received from a levy referred
10612		-	to in sections 6.1 and 6.2 of this chapter to the school corporation
10613		-	that made the distribution. A charter school that closes is not
10614		-	entitled to any future distributions of property tax revenue from a
10615		-	SEA 1 — Concur 248
10616		-	levy referred to in sections 6.1 and 6.2 of this chapter.
10617		-	(c) If a charter school has outstanding debt at the time of the
10618		-	closure, the charter school must satisfy the outstanding debt in
10619		-	accordance with the following:
10620		-	(1) If the charter school owns the building but did not
10621		-	purchase the building under IC 20-26-7.1, the charter school
10622		-	must first sell the building and apply the proceeds received
10623		-	from the sale to pay off the outstanding debt.
10624		-	(2) If subdivision (1) does not apply, the charter school must
10625		-	satisfy the debt by means of any other revenue source legally
10626		-	available to the charter school.
10627		-	(d) A charter school that closes must notify the county auditor
10628		-	of the county in which the charter school is located of the closure
10629		-	and provide the county auditor with a copy of the:
10630		-	(1) charter school authorizer's decision;
10631		-	(2) charter school's governing body's vote determining; or
10632		-	(3) minutes of the meeting at which the charter school's
10633		-	governing body made the decision;
10634		-	to close the charter school.
10635		-	SECTION 207. IC 20-25.7-5-3, AS AMENDED BY P.L.162-2024,
10636		-	SECTION 10, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
10637		-	JULY 1, 2025]: Sec. 3. (a) For as long as a charter school remains a
10638		-	participating innovation network charter school:
10639		-	(1) the school corporation may provide transportation for students
10640		-	attending the participating innovation network charter school;
10641		-	(2) the school corporation may maintain and repair the buildings
10642		-	and grounds used by the participating innovation network charter
10643		-	school consistent with the maintenance and repair to the school
10644		-	corporation's other buildings and grounds;
10645		-	(3) the school corporation may enter into an agreement to transfer
10646		-	the ownership of a school corporation facility to the organizer;
10647		-	and
10648		-	(4) the school corporation may not alter the use of the facility
10649		-	occupied by the participating innovation network charter school
10650		-	without written agreement from the organizer.
10651		-	(b) If an organizer contracts with a school corporation for goods or
10652		-	services, the school corporation may not charge the organizer more for
10653		-	the goods or services than the school corporation pays for the goods or
10654		-	services. A school corporation may not require an organizer to contract
10655		-	for specific goods or services provided by the school corporation or any
10656		-	other entity.
10657		-	(c) A school corporation and an organizer may negotiate to require
10658		-	SEA 1 — Concur 249
10659		-	specific services with regard to a participating innovation network
10660		-	charter school during the term of an agreement. However, an organizer
10661		-	must be able to select the service provider for the services.
10662		-	(d) For as long as a charter school remains a participating
10663		-	innovation network charter school, the school corporation may
10664		-	distribute money levied as property taxes to the charter school. Property
10665		-	taxes distributed to a charter school must be used only for a purpose for
10666		-	which the property taxes could have been used by the school
10667		-	corporation. Property taxes distributed under this subsection may
10668		-	supplement services and property provided under subsection (a) or (b).
10669		-	The parties may jointly modify an agreement described in section 2 of
10670		-	this chapter to implement this subsection.
10671		-	(e) An agreement concerning the transfer of ownership of a school
10672		-	corporation facility described in subsection (a) is not subject to
10673		-	IC 20-26-7.1.
10674		-	(f) Unless an agreement entered into before July 1, 2024, between
10675		-	a board and an organizer provides otherwise, a school corporation may
10676		-	not charge an organizer an amount for goods and services that is
10677		-	greater than the amount of the operations fund property tax levy the
10678		-	organizer receives under IC 20-46-8-11.2 or IC 20-46-8-12 for the
10679		-	participating innovation network charter school.
10680		-	SECTION 208. IC 20-26-7-18, AS AMENDED BY P.L.250-2023,
10681		-	SECTION 19, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
10682		-	JULY 1, 2025]: Sec. 18. Subject to IC 5-1-11.5, a school corporation
10683		-	may issue and sell bonds under the general statutes governing the
10684		-	issuance of bonds to purchase and improve buildings or lands, or both.
10685		-	All laws relating to approval (if required) in a local public question
10686		-	under IC 6-1.1-20, including the requirement that a local public
10687		-	question may be placed on the ballot only at a general election, the
10688		-	filing of petitions, remonstrances, and objecting petitions, giving
10689		-	notices of the filing of petitions, the determination to issue bonds, and
10690		-	the appropriation of the proceeds of the bonds are applicable to the
10691		-	issuance of bonds under section 17 of this chapter.
10692		-	SECTION 209. IC 20-26-7.1-1, AS AMENDED BY P.L.36-2024,
10693		-	SECTION 3, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
10694		-	JULY 1, 2025]: Sec. 1. (a) For purposes of this section, "charter
10695		-	school" does not include a virtual charter school or an adult high
10696		-	school.
10697		-	(b) This chapter does not apply to the following:
10698		-	(1) A school building that since July 1, 2011, is leased or loaned
10699		-	by the school corporation that owns the school building to another
10700		-	entity, if the entity is not a building corporation or other entity that
10701		-	SEA 1 — Concur 250
10702		-	is related in any way to, or created by, the school corporation or
10703		-	the governing body.
10704		-	(2) A school corporation to which all of the following apply:
10705		-	(A) The county auditor distributes revenue after May 10, 2023,
10706		-	as required under IC 20-46-1-21 or IC 20-46-1-22 to each
10707		-	eligible charter school. described in IC 20-46-1-21(b).
10708		-	(B) If the school corporation listed in IC 20-46-9-22 receives
10709		-	revenue from a school safety referendum tax levy under
10710		-	IC 20-46-9, the county auditor distributes revenue after May
10711		-	10, 2023, as required under IC 20-46-9-22 to each charter
10712		-	school described in IC 20-46-9-22(b).
10713		-	The above subdivisions are intended to apply retroactively. No
10714		-	referendums or distributed revenue prior to May 10, 2023, are
10715		-	effective to provide exemption from this chapter.
10716		-	(3) A school corporation to which all of the following apply:
10717		-	(A) The school corporation approves a resolution after May
10718		-	10, 2023, to impose an operating referendum tax levy under
10719		-	IC 20-46-1 after May 10, 2023, that includes sharing the
10720		-	revenue from the referendum tax levy in the amounts
10721		-	described in clause (B) with each charter school that:
10722		-	(i) a student who resides within the attendance area of the
10723		-	school corporation attends; and
10724		-	(ii) elects to participate in the referendum.
10725		-	The above subdivisions are intended to apply retroactively. No
10726		-	resolutions, referendums, or distributed revenue prior to May 10,
10727		-	2023, are effective to provide exemption from this chapter.
10728		-	(B) The amount of referendum tax levy revenue that the school
10729		-	corporation is required to share with each charter school under
10730		-	the resolution described in clause (A) is equal to the amount
10731		-	determined applying the applicable formula under
10732		-	IC 20-46-1-21(d). IC 20-46-1-21 or IC 20-46-1-22.
10733		-	(C) The referendum tax levy described in clause (A) is
10734		-	approved by the voters.
10735		-	(D) The school corporation distributes the amounts described
10736		-	in clause (B) to each charter school described in clause (A).
10737		-	(E) If the school corporation receives revenue from a school
10738		-	safety referendum tax levy under IC 20-46-9, the school
10739		-	corporation shares the revenue from the school safety
10740		-	referendum tax levy with each charter school that:
10741		-	(i) a student who resides within the attendance area of the
10742		-	school corporation attends; and
10743		-	(ii) elects to participate in the referendum;
10744		-	SEA 1 — Concur 251
10745		-	in an amount equal to the amount determined applying the
10746		-	formula under IC 20-46-9-22(d).
10747		-	(c) In order for any payment to a charter school to qualify as sharing
10748		-	of proceeds from a referendum for purposes of exemption from
10749		-	IC 20-26-7.1, the referendum must have been passed with prior notice
10750		-	to voters of all amounts of referendum proceeds to be paid to charter
10751		-	schools. Any claim of exemption based on payment of proceeds from
10752		-	a referendum passed without such notice is void.
10753		-	SECTION 210. IC 20-40-2-2, AS AMENDED BY P.L.201-2023,
10754		-	SECTION 181, IS AMENDED TO READ AS FOLLOWS
10755		-	[EFFECTIVE JULY 1, 2025]: Sec. 2. (a) The governing body of each
10756		-	school corporation shall establish an education fund for the payment of
10757		-	expenses that are allocated to student instruction and learning under
10758		-	IC 20-42.5.
10759		-	(b) The governing body of a charter school that receives a
10760		-	distribution of revenue received from a tax levy under IC 20-46-8-11.2
10761		-	or IC 20-46-8-12 shall establish an education fund for the payment of
10762		-	expenses that are allocated to student instruction and learning under
10763		-	IC 20-42.5.
10764		-	SECTION 211. IC 20-40-3-5, AS AMENDED BY P.L.189-2023,
10765		-	SECTION 28, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
10766		-	JULY 1, 2025]: Sec. 5. (a) Money in the fund may be used for any
10767		-	lawful school expenses, including making a transfer to the school
10768		-	corporation's education fund (IC 20-40-2) or operations fund
10769		-	(IC 20-40-18).
10770		-	(b) Except as provided in IC 20-46-1-21, a school corporation may
10771		-	distribute proceeds of a tax levy collected under IC 20-46-1 that is
10772		-	transferred to the school corporation's education fund to a charter
10773		-	school, excluding a virtual charter school, that is located within the
10774		-	attendance area of the school corporation.
10775		-	SECTION 212. IC 20-40-18-1, AS AMENDED BY P.L.201-2023,
10776		-	SECTION 185, IS AMENDED TO READ AS FOLLOWS
10777		-	[EFFECTIVE JULY 1, 2025]: Sec. 1. (a) The governing body of each
10778		-	school corporation shall create an operations fund to be used by the
10779		-	school corporation after December 31, 2018.
10780		-	(b) The governing body of each charter school that receives a
10781		-	distribution of revenue received from a tax levy under IC 20-46-8-11.2
10782		-	or IC 20-46-8-12 shall create an operations fund to be used by the
10783		-	charter school after December 31, 2024.
10784		-	SECTION 213. IC 20-40-18-2, AS AMENDED BY P.L.201-2023,
10785		-	SECTION 186, IS AMENDED TO READ AS FOLLOWS
10786		-	[EFFECTIVE JULY 1, 2025]: Sec. 2. (a) The operations fund shall be
10787		-	SEA 1 — Concur 252
10788		-	used to deposit the following after December 31, 2018, in the case of
10789		-	a school corporation:
10790		-	(1) Revenue from the school corporation's operations fund
10791		-	property tax levy under IC 20-46-8.
10792		-	(2) The sum of the following excise tax revenue received for
10793		-	deposit in the fund in the calendar year in which the school year
10794		-	begins:
10795		-	(A) Financial institutions excise tax (IC 6-5.5).
10796		-	(B) Motor vehicle excise taxes (IC 6-6-5).
10797		-	(C) Commercial vehicle excise taxes (IC 6-6-5.5).
10798		-	(D) Boat excise tax (IC 6-6-11).
10799		-	(E) Aircraft license excise tax (IC 6-6-6.5).
10800		-	(3) Transfers from the education fund (IC 20-40-2) or the
10801		-	operating referendum tax levy fund (IC 20-40-3), if any.
10802		-	(4) Allocations of local income taxes to the school corporation
10803		-	under IC 6-3.6-6, if any.
10804		-	(b) In the case of a charter school, the operations fund shall be
10805		-	used to deposit amounts distributed to the charter school under
10806		-	IC 20-46-8-11.2 or IC 20-46-8-12 after December 31, 2024.
10807		-	SECTION 214. IC 20-40-18-10.5, AS ADDED BY P.L.201-2023,
10808		-	SECTION 187, IS AMENDED TO READ AS FOLLOWS
10809		-	[EFFECTIVE JULY 1, 2025]: Sec. 10.5. (a) This section applies only
10810		-	to eligible charter schools that receive amounts distributed under
10811		-	IC 20-46-8-11.2 or IC 20-46-8-12.
10812		-	(b) For purposes of this section, "charter board" means the
10813		-	governing body of the organizer (as defined in IC 20-24-1-7) of an
10814		-	eligible charter school.
10815		-	(c) The operations fund may be used only to do the following:
10816		-	(1) Carry out a capital projects plan under the following
10817		-	conditions:
10818		-	(A) The plan must include all proposed expenditures that
10819		-	exceed ten thousand dollars ($10,000) and are for:
10820		-	(i) capital assets; or
10821		-	(ii) projects that are considered capital in nature, including
10822		-	technology related projects.
10823		-	(B) If a charter school wants to use money in the operations
10824		-	fund during the year to pay for any items listed in clause (E)
10825		-	that are considered capital in nature, the charter board must
10826		-	approve a plan following a public hearing. The charter school
10827		-	shall post the proposed plan or proposed amended plan on the
10828		-	charter school's website before the hearing. The charter school
10829		-	shall submit the proposed capital projects plan to the
10830		-	SEA 1 — Concur 253
10831		-	department of local government finance's computer gateway
10832		-	at least ten (10) days before the public hearing. The
10833		-	department of local government finance shall make the
10834		-	proposed plan available at least ten (10) days before the
10835		-	hearing, through the department's computer gateway. If an
10836		-	amendment to a capital projects plan is proposed, the charter
10837		-	board must declare the nature of and need for the amendment
10838		-	in the plan amendment.
10839		-	(C) If a charter board adopts a plan under clause (B), the
10840		-	charter school must then submit the plan to the department of
10841		-	local government finance for inclusion on the department's
10842		-	computer gateway not later than thirty (30) days after adoption
10843		-	of the plan. The department of local government finance shall
10844		-	immediately make the proposed plan available through the
10845		-	gateway website.
10846		-	(D) This clause applies to an amendment to a plan that is
10847		-	required because of an emergency that results in costs that
10848		-	exceed the amount accumulated in the fund for repair,
10849		-	replacement, or site acquisition that is necessitated by an
10850		-	emergency. The charter board is not required to comply with
10851		-	clause (C). If the charter board determines that an emergency
10852		-	exists, the governing body may adopt an amendment to the
10853		-	plan. An amendment to a plan is not subject to the deadline
10854		-	and procedures for adoption of a plan described in this
10855		-	subdivision.
10856		-	(E) This clause sets forth an exclusive list of the expenditures
10857		-	that may be made from the operations fund under clause (B),
10858		-	as set forth in the charter board's plan or amended plan.
10859		-	Subject to the expenditures that are identified in the charter
10860		-	school's plan or amended plan, the operations fund shall be
10861		-	used for the following:
10862		-	(i) Site acquisition.
10863		-	(ii) Site development.
10864		-	(iii) Building acquisition, construction, replacement,
10865		-	renovation, remodeling, improvement, and maintenance,
10866		-	including building materials and employment services.
10867		-	(iv) Rental of real estate, buildings, facilities, and
10868		-	equipment.
10869		-	(v) To repair and replace buildings and to repair and replace
10870		-	building fixtures that are owned or leased by the charter
10871		-	school and of a type constituting loss capable of being
10872		-	covered by casualty insurance.
10873		-	SEA 1 — Concur 254
10874		-	(vi) Purchase, lease, repair, or maintenance of equipment,
10875		-	including maintenance vehicles to be used by the charter
10876		-	school. However, the fund may not be used to pay for the
10877		-	purchase, lease, repair, or maintenance of vehicles that are
10878		-	not maintenance vehicles, or equipment to be used primarily
10879		-	for interscholastic or extracurricular activities.
10880		-	(vii) Service contracts for janitorial and custodial services,
10881		-	maintenance services, snow and ice removal services, trash
10882		-	removal services, mowing and lawn care services, pest
10883		-	control services, and any other routine services normally
10884		-	required in the maintenance or upkeep of charter school
10885		-	facilities.
10886		-	(viii) Repair, replacement, or site acquisition that is
10887		-	necessitated by an emergency.
10888		-	(ix) Construction, repair, replacement, remodeling, or
10889		-	maintenance of a school sports facility.
10890		-	(x) Utilities.
10891		-	(xi) Property and casualty insurance.
10892		-	(xii) Purchase, lease, upgrade, maintenance, or repair
10893		-	technology that will not be allocated to student instruction
10894		-	and learning, to include computer hardware, computer
10895		-	software, wiring and computer networks, and
10896		-	communication access systems used to connect with
10897		-	computer networks or electronic gateways; services of
10898		-	full-time or part-time computer maintenance employees;
10899		-	conducting nonrecurring inservice technology training of
10900		-	school employees; implementing the technology preparation
10901		-	curriculum; participating in a program to provide
10902		-	educational technologies, including computers in the homes
10903		-	of students (commonly referred to as "the buddy system
10904		-	project") under IC 20-20-13-6, the 4R's technology program,
10905		-	or any other program under the educational technology
10906		-	program described in IC 20-20-13; and obtaining any
10907		-	combination of equipment or services in the preceding two
10908		-	(2) categories of this item.
10909		-	(xiii) Services of charter school employees who perform
10910		-	services considered to be a skilled trade by the United States
10911		-	Department of Labor, Employment and Training
10912		-	Administration. For purposes of this item, skilled trade
10913		-	services do not include janitorial or comparable routine
10914		-	services normally provided in the daily operation of school
10915		-	facilities or equipment. Payment may be made for employee
10916		-	SEA 1 — Concur 255
10917		-	services only if the employees perform construction of,
10918		-	renovation of, remodeling of, repair of, or maintenance on
10919		-	the facilities and equipment of the charter school.
10920		-	(2) Pay transportation costs under the following conditions:
10921		-	(A) A charter school shall use the operations fund to pay the
10922		-	transportation costs attributable to transportation of school
10923		-	children as specified in clause (B).
10924		-	(B) Only the following costs are payable from the fund:
10925		-	(i) Salaries paid to bus drivers, transportation supervisors,
10926		-	mechanics and garage employees, clerks, and other
10927		-	transportation related employees.
10928		-	(ii) Contracted transportation services.
10929		-	(iii) Wages of independent contractors.
10930		-	(iv) Contracts with common carriers.
10931		-	(v) Student fares.
10932		-	(vi) Transportation related insurance.
10933		-	(vii) Other expenses of operating the school corporation's
10934		-	transportation service, including gasoline, lubricants, tires,
10935		-	repairs, contracted repairs, parts, supplies, equipment, and
10936		-	other related expenses.
10937		-	(C) Percentages or parts of salaries of teaching personnel or
10938		-	principals are not attributable to transportation. However, parts
10939		-	of salaries of instructional aides who are assigned to assist
10940		-	with the school transportation program are attributable to
10941		-	transportation. The costs described in this clause (other than
10942		-	instructional aide costs) may not be budgeted for payment or
10943		-	paid from the fund.
10944		-	(D) Costs for a calendar year are those costs attributable to
10945		-	transportation for students during the school year ending in the
10946		-	calendar year.
10947		-	(3) Carry out a school bus replacement plan approved by the
10948		-	charter school board under the following conditions:
10949		-	(A) Before a charter school may use money in the operations
10950		-	fund for replacing school buses, a resolution approving the
10951		-	school bus replacement plan or amended plan must be
10952		-	submitted to the department of local government finance.
10953		-	(B) The department of local government finance shall
10954		-	prescribe the format of the plan. A plan must apply to at least
10955		-	the five (5) budget years immediately following the year the
10956		-	plan is adopted and include at least an estimate for each year
10957		-	to which it applies of the nature and amount of proposed
10958		-	expenditures from the fund, and if the school corporation is
10959		-	SEA 1 — Concur 256
10960		-	seeking to acquire or contract for transportation services that
10961		-	will provide additional school buses or school buses with a
10962		-	larger seating capacity as compared with the number and type
10963		-	of school buses from the prior school year, evidence of a
10964		-	demand for increased transportation services within the school
10965		-	corporation. However, the evidence requirement regarding a
10966		-	contract for transportation services does not apply if contracted
10967		-	transportation services are not paid from the fund.
10968		-	(C) If the charter school is seeking to require a contractor to
10969		-	replace a school bus, evidence that the need exists for the
10970		-	replacement of the school bus. This clause does not apply if
10971		-	contracted transportation services are not paid from the
10972		-	operations fund.
10973		-	(D) Evidence that the charter school that seeks to acquire
10974		-	additional school buses under this subdivision is acquiring or
10975		-	contracting for the school buses only for the purposes
10976		-	specified in clause (B) or for replacement purposes.
10977		-	(E) If a charter school wants to use money in the operations
10978		-	fund during the year to pay for school bus replacement, the
10979		-	governing body must adopt a resolution approving the bus
10980		-	replacement plan or amended plan. The charter school shall
10981		-	post the proposed plan or proposed amended plan on the
10982		-	charter school's website before the hearing. The governing
10983		-	body must hold a hearing on the adoption of the plan. The
10984		-	charter school shall submit the proposed school bus
10985		-	replacement plan or amended plan to the department of local
10986		-	government finance's computer gateway at least ten (10) days
10987		-	before the hearing on the adoption of the plan. The department
10988		-	of local government finance shall make the proposed plan
10989		-	available to taxpayers, at least ten (10) days before the hearing,
10990		-	through the department's computer gateway. If an amendment
10991		-	to a bus replacement plan is being proposed, the charter school
10992		-	must declare the nature of and the need for the amendment in
10993		-	the resolution to adopt the amendment to the plan.
10994		-	(4) Pay expenses that are allocated to overhead and operational
10995		-	expenditures.
10996		-	(5) Establish, maintain, and equip a public playground.
10997		-	SECTION 215. IC 20-46-1-8, AS AMENDED BY P.L.162-2024,
10998		-	SECTION 25, AND AS AMENDED BY P.L.36-2024, SECTION 10,
10999		-	AND AS AMENDED BY P.L.104-2024, SECTION 51, AND AS
11000		-	AMENDED BY THE TECHNICAL CORRECTIONS BILL OF THE
11001		-	2025 GENERAL ASSEMBLY, IS CORRECTED AND AMENDED
11002		-	SEA 1 — Concur 257
11003		-	TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2025]: Sec. 8. (a)
11004		-	Subject to subsections (e), (f), and (g) (b), (e), and (f) and this chapter,
11005		-	the governing body of a school corporation may adopt a resolution to
11006		-	place a referendum under this chapter on the ballot for any of the
11007		-	following purposes:
11008		-	(1) The governing body of the school corporation determines that
11009		-	it cannot, in a calendar year, carry out its public educational duty
11010		-	unless it imposes a referendum tax levy under this chapter.
11011		-	(2) The governing body of the school corporation determines that
11012		-	a referendum tax levy under this chapter should be imposed to
11013		-	replace property tax revenue that the school corporation will not
11014		-	receive because of the application of the credit under
11015		-	IC 6-1.1-20.6.
11016		-	(3) Except for resolutions described in subsection (b), the
11017		-	governing body makes the determination required under
11018		-	subdivision (1) or (2) and determines to share a portion of the
11019		-	referendum proceeds with a charter school, excluding a virtual
11020		-	charter school, in the manner prescribed in subsection (e).
11021		-	(b) A resolution for a referendum for a county described in:
11022		-	(1) section 21 of this chapter; that is adopted after May 10, 2023,
11023		-	or
11024		-	(2) section 22 of this chapter;
11025		-	shall specify that a portion of the proceeds collected from the proposed
11026		-	levy will be distributed to applicable charter schools in the manner
11027		-	described under section 21 of this chapter.
11028		-	(c) The governing body of the school corporation shall certify a
11029		-	copy of the resolution to place a referendum on the ballot to the
11030		-	following:
11031		-	(1) The department of local government finance, including:
11032		-	(A) the language for the question required by section 10 of this
11033		-	chapter, or in the case of a resolution to extend a referendum
11034		-	levy certified to the department of local government finance
11035		-	after March 15, 2016, section 10.1 of this chapter; and
11036		-	(B) a copy of the revenue spending plan adopted under
11037		-	subsection (g). (f).
11038		-	The language of the public question must include the estimated
11039		-	average percentage increases certified by the county auditor under
11040		-	section 10(e) or 10.1(f) of this chapter, as applicable. The
11041		-	governing body of the school corporation shall also provide the
11042		-	county auditor's certification described in section 10(e) or 10.1(f)
11043		-	of this chapter, as applicable. The department of local government
11044		-	finance shall post the values certified by the county auditor to the
11045		-	SEA 1 — Concur 258
11046		-	department's website. The department shall review the language
11047		-	for compliance with section 10 or 10.1 of this chapter, whichever
11048		-	is applicable, and either approve or reject the language. The
11049		-	department shall send its decision to the governing body of the
11050		-	school corporation not more than ten (10) days after both the
11051		-	certification of the county auditor described in section 10(e) or
11052		-	10.1(f) of this chapter, as applicable, and the resolution is are
11053		-	submitted to the department. If the language is approved, the
11054		-	governing body of the school corporation shall certify a copy of
11055		-	the resolution, including the language for the question and the
11056		-	department's approval.
11057		-	(2) The county fiscal body of each county in which the school
11058		-	corporation is located (for informational purposes only).
11059		-	(3) The circuit court clerk of each county in which the school
11060		-	corporation is located.
11061		-	(d) If a school safety referendum tax levy under IC 20-46-9 has been
11062		-	approved by the voters in a school corporation at any time in the
11063		-	previous three (3) years, the school corporation may not:
11064		-	(1) adopt a resolution to place a referendum under this chapter on
11065		-	the ballot; or
11066		-	(2) otherwise place a referendum under this chapter on the ballot.
11067		-	(e) Except as provided in section 21 of this chapter, the resolution
11068		-	described in subsection (a) must indicate whether proceeds in the
11069		-	school corporation's education fund collected from a tax levy under this
11070		-	chapter will be used to provide a distribution to a charter school or
11071		-	charter schools, excluding a virtual charter school, under IC 20-40-3-5
11072		-	as well as the amount that will be distributed to the particular charter
11073		-	school or charter schools. A school corporation may request from the
11074		-	designated charter school or charter schools any financial
11075		-	documentation necessary to demonstrate the financial need of the
11076		-	charter school or charter schools. Distribution to a charter school of
11077		-	proceeds from a referendum held before May 10, 2023, does not
11078		-	provide exemption from this chapter.
11079		-	(f) This subsection applies to a resolution described in subsection
11080		-	(a) for a county described in section 21(a) of this chapter that is
11081		-	adopted after May 10, 2023. The resolution described in subsection (a)
11082		-	shall include a projection of the amount that the school corporation
11083		-	expects to be distributed to a particular charter school, excluding
11084		-	virtual charter schools or adult high schools, under section 21 of this
11085		-	chapter if the charter school voluntarily elects to participate in the
11086		-	referendum in the manner described in subsection (i). At least sixty
11087		-	(60) days before the resolution described in subsection (a) is voted on
11088		-	SEA 1 — Concur 259
11089		-	by the governing body, the school corporation shall contact the
11090		-	department to determine the number of students in kindergarten
11091		-	through grade 12 who have legal settlement in the school corporation
11092		-	but attend a charter school, excluding virtual charter schools or adult
11093		-	high schools, and who receive not more than fifty percent (50%) virtual
11094		-	instruction. The department shall provide the school corporation with
11095		-	the number of students with legal settlement in the school corporation
11096		-	who attend a charter school, and who receive not more than fifty
11097		-	percent (50%) virtual instruction, which shall be disaggregated for each
11098		-	particular charter school, excluding a virtual charter school or adult
11099		-	high school. The projection may include an expected increase in
11100		-	charter schools during the term the levy is imposed under this chapter.
11101		-	The department of local government finance shall prescribe the manner
11102		-	in which the projection shall be calculated. The governing body shall
11103		-	take into consideration the projection when adopting the revenue
11104		-	spending plan under subsection (g).
11105		-	(e) This subsection applies to a resolution described in section 21
11106		-	or 22 of this chapter. Not later than sixty (60) days before the
11107		-	resolution is voted on by the governing body, the school
11108		-	corporation shall contact the department to determine the
11109		-	following:
11110		-	(1) In the case of a resolution described in section 22 of this
11111		-	chapter, whether the school corporation is exempt from
11112		-	revenue sharing requirements under section 22(a)(2) of this
11113		-	chapter. If the school corporation is determined to be exempt,
11114		-	the department shall notify the school corporation, and the
11115		-	school corporation is not required to contact charter schools
11116		-	concerning participation under subsection (h), shall exclude
11117		-	distributions to charter schools under section 22 of this
11118		-	chapter, and shall exclude charter schools from the projection
11119		-	described in this subsection.
11120		-	(2) If the school corporation is not determined to be exempt
11121		-	from revenue sharing requirements under subdivision (1), the
11122		-	number of students in kindergarten through grade 12 who:
11123		-	(A) have legal settlement in the school corporation but
11124		-	attend a charter school, excluding virtual charter schools
11125		-	or adult high schools; and
11126		-	(B) receive not more than fifty percent (50%) virtual
11127		-	instruction.
11128		-	Not later than ten (10) days after receiving the request, the
11129		-	department shall provide the school corporation with the requested
11130		-	information, which shall be disaggregated for each particular
11131		-	SEA 1 — Concur 260
11132		-	charter school. Subject to subsection (h), the resolution shall
11133		-	include a projection of the amount that the school corporation
11134		-	expects, based on the information provided by the department
11135		-	under this subsection, to be distributed to a particular charter
11136		-	school under section 21 or 22 of this chapter.
11137		-	(g) (f) As part of the resolution described in subsection (a), the
11138		-	governing body of the school corporation shall adopt a revenue
11139		-	spending plan for the proposed referendum tax levy that includes:
11140		-	(1) an estimate of the amount of annual revenue expected to be
11141		-	collected if a levy is imposed under this chapter;
11142		-	(2) the specific purposes for which the revenue collected from a
11143		-	levy imposed under this chapter will be used;
11144		-	(3) an estimate of the annual dollar amounts that will be expended
11145		-	for each purpose described in subdivision (2); and
11146		-	(4) for a resolution for a referendum that is adopted after May 10,
11147		-	2023, for a county described in section 21(a) section 21 or 22 of
11148		-	this chapter, the projected revenue that shall be distributed to
11149		-	charter schools. as provided in subsections (f) and (i). The
11150		-	revenue spending plan shall also take into consideration
11151		-	deviations in the proposed revenue spending plan if the actual
11152		-	charter school distributions exceed or are lower than the projected
11153		-	charter school distributions described in subsection (f). (e). The
11154		-	resolution shall include for each charter school that elects to
11155		-	participate under subsection (i) (h) information described in
11156		-	subdivisions (1) through (3).
11157		-	(h) (g) A school corporation shall specify in its proposed budget the
11158		-	school corporation's revenue spending plan adopted under subsection
11159		-	(g) (f) and annually present the revenue spending plan at its public
11160		-	hearing on the proposed budget under IC 6-1.1-17-3.
11161		-	(i) This subsection applies to a resolution described in subsection
11162		-	(a) for a county described in section 21(a) of this chapter that is
11163		-	adopted after May 10, 2023. At least forty-five (45) days before the
11164		-	resolution described in subsection (a) is voted on by the governing
11165		-	body, the school corporation shall contact each charter school,
11166		-	excluding virtual charter schools or adult high schools, disclosed by the
11167		-	department to the school corporation under subsection (f) to determine
11168		-	whether the charter school will participate in the referendum. The
11169		-	notice must include the total amount of the school corporation's
11170		-	expected need, the corresponding estimate for that amount divided by
11171		-	the number of students enrolled in the school corporation, and the date
11172		-	on which the governing body of the school corporation will vote on the
11173		-	resolution. The charter school must respond in writing to the school
11174		-	SEA 1 — Concur 261
11175		-	corporation, which may be by electronic mail addressed to the
11176		-	superintendent of the school corporation, at least fifteen (15) days
11177		-	prior to the date that the resolution described in subsection (a) is to be
11178		-	voted on by the governing body. If the charter school elects to not
11179		-	participate in the referendum, the school corporation may exclude
11180		-	distributions to the charter school under section 21 of this chapter and
11181		-	from the projection described in subsection (f). If the charter school
11182		-	elects to participate in the referendum, the charter school may receive
11183		-	distributions under section 21 of this chapter and must be included in
11184		-	the projection described in subsection (f). In addition, a charter school
11185		-	that elects to participate in the referendum under this subsection shall
11186		-	contribute a proportionate share of the cost to conduct the referendum
11187		-	based on the total combined ADM of the school corporation and any
11188		-	participating charter schools.
11189		-	(h) This subsection applies to a resolution described in section
11190		-	21 or 22 of this chapter. Except as provided in subsection (e), not
11191		-	later than forty-five (45) days before the resolution is voted on by
11192		-	the governing body, the school corporation shall contact each
11193		-	charter school disclosed by the department to the school
11194		-	corporation under subsection (e) to determine whether the charter
11195		-	school will:
11196		-	(1) in the case of a resolution described in section 21 of this
11197		-	chapter, elect to participate; or
11198		-	(2) in the case of a resolution described in section 22 of this
11199		-	chapter, elect to not participate;
11200		-	in the referendum. The notice must include the total amount of the
11201		-	school corporation's expected need, the corresponding estimate for
11202		-	that amount divided by the number of students enrolled in the
11203		-	school corporation, and the date on which the governing body of
11204		-	the school corporation will vote on the resolution. Not later than
11205		-	thirty (30) days prior to the date that the resolution is to be voted
11206		-	on by the governing body, the charter school must respond in
11207		-	writing to the school corporation and to the department, which
11208		-	may be by electronic mail, and, in the case of the school
11209		-	corporation, addressed to the superintendent of the school
11210		-	corporation. A charter school that elects to not participate in the
11211		-	referendum may not subsequently change that election during the
11212		-	term of the referendum.
11213		-	(i) If a charter school will not participate in the referendum, the
11214		-	school corporation shall exclude distributions to the charter school
11215		-	under this chapter and from the projection described in subsection
11216		-	(e). If a charter school will participate in the referendum, the
11217		-	SEA 1 — Concur 262
11218		-	charter school:
11219		-	(1) must be included in the projection described in subsection
11220		-	(e); and
11221		-	(2) shall contribute a proportionate share of the cost to
11222		-	conduct the referendum based on the total combined ADM of
11223		-	the school corporation and any participating charter schools.
11224		-	(j) This subsection applies to a resolution described in subsection
11225		-	(a) for a county described in section 21(a) section 21 or 22 of this
11226		-	chapter. that is adopted after May 10, 2023. At least thirty (30) days
11227		-	before the resolution described in subsection (a) referendum submitted
11228		-	to the voters under this chapter is voted on by the governing body,
11229		-	public in a primary or general election, the school corporation that is
11230		-	pursuing the resolution referendum and any charter school that has
11231		-	elected to will participate under subsection (i) (h) shall post a
11232		-	referendum disclosure statement on each school's respective website
11233		-	that contains the following information:
11234		-	(1) The salaries of all employees employed by position within the
11235		-	school corporation or charter school listed from highest salary to
11236		-	lowest salary and a link to Gateway Indiana for access to
11237		-	individual salaries.
11238		-	(2) An acknowledgment that the school corporation or charter
11239		-	school is not committing any crime described in IC 35-44.1-1.
11240		-	(3) A link to the school corporation's or charter school's most
11241		-	recent state board of accounts audit on the state board of accounts'
11242		-	website.
11243		-	(4) The current enrollment of the school corporation or charter
11244		-	school disaggregated by student group and race.
11245		-	(5) The school corporation's or charter school's high school
11246		-	graduation rate.
11247		-	(6) The school corporation's or charter school's annual retention
11248		-	rate for teachers for the previous five (5) years.
11249		-	(k) Not later than July 15, 2025, the department of education
11250		-	shall prescribe the manner in which a projection described in
11251		-	subsection (e) shall be calculated.
11252		-	(l) A charter school that begins operations after a resolution
11253		-	under this section or section 8.5 of this chapter is voted on by the
11254		-	governing body for a particular referendum may not receive an
11255		-	option to elect to participate in that referendum during the term of
11256		-	that referendum.
11257		-	SECTION 216. IC 20-46-1-8.5, AS AMENDED BY P.L.189-2023,
11258		-	SECTION 31, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
11259		-	JULY 1, 2025]: Sec. 8.5. (a) A resolution to extend a referendum levy
11260		-	SEA 1 — Concur 263
11261		-	must be:
11262		-	(1) adopted by the governing body of a school corporation; and
11263		-	(2) approved in a referendum under this chapter;
11264		-	before December 31 of the final calendar year in which the school
11265		-	corporation's previously approved referendum levy is imposed under
11266		-	this chapter.
11267		-	(b) For a resolution described in section 21 or 22 of this chapter
11268		-	that is adopted under this section, after May 10, 2023, for a county
11269		-	described in section 21(a) of this chapter, the resolution must include
11270		-	the projected charter school distributions described in section 8(f) 8(e)
11271		-	of this chapter and indicate the distributions to applicable charter
11272		-	schools in accordance with section 21 of this chapter.
11273		-	SECTION 217. IC 20-46-1-10, AS AMENDED BY P.L.189-2023,
11274		-	SECTION 32, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
11275		-	JULY 1, 2025]: Sec. 10. (a) This section does not apply to a
11276		-	referendum on a resolution certified to the department of local
11277		-	government finance after March 15, 2016, to extend a referendum levy.
11278		-	(b) The question to be submitted to the voters in the referendum
11279		-	must read as follows:
11280		-	"Shall the school corporation increase property taxes paid to
11281		-	schools by homeowners and businesses for _____ (insert number
11282		-	of years) years immediately following the holding of the
11283		-	referendum for the purpose of funding ______ (insert short
11284		-	description of purposes)? If this public question is approved by
11285		-	the voters, the average property tax paid to schools per year on a
11286		-	residence would increase by ______% (insert the estimated
11287		-	average percentage of property tax increase paid to schools on a
11288		-	residence within the school corporation as determined under
11289		-	subsection (c)) and the average property tax paid to schools per
11290		-	year on a business property would increase by ______% (insert
11291		-	the estimated average percentage of property tax increase paid to
11292		-	schools on a business property within the school corporation as
11293		-	determined under subsection (d)). The most recent property tax
11294		-	referendum proposed by the school corporation was held in
11295		-	______ (insert year) and ________ (insert whether the measure
11296		-	passed or failed).".
11297		-	"Shall ________ (insert the name of the school corporation)
11298		-	increase property taxes paid to the school corporation for no
11299		-	more than ______ (insert the number of years immediately
11300		-	following the holding of the referendum) years for the
11301		-	purpose of funding _______ (insert a brief description of the
11302		-	purposes) by imposing a property tax rate that does not
11303		-	SEA 1 — Concur 264
11304		-	exceed ______ (insert property tax rate) and results in a
11305		-	maximum annual amount that does not exceed ______ (insert
11306		-	maximum amount of annual levy). If this operating
11307		-	referendum public question is approved by the voters, for a
11308		-	median residence of ______ (insert the school corporation's
11309		-	median household assessed value, rounded up to the next fifty
11310		-	thousand dollars ($50,000)), the property's annual property
11311		-	tax bill would increase by ______ (insert dollar amount,
11312		-	rounded up to the next whole dollar) per year. (If, in the
11313		-	previous five (5) years, the school corporation has conducted
11314		-	an operating referendum public question, the following shall
11315		-	also be included in the ballot language.) The most recent
11316		-	operating referendum public question proposed by the school
11317		-	corporation was held in ______ (insert year) and ______
11318		-	(insert whether the measure passed or failed).".
11319		-	(c) At the request of the governing body of a school corporation that
11320		-	proposes to impose property taxes under this chapter, the county
11321		-	auditor of the county in which the school corporation is located shall
11322		-	determine the estimated average percentage of property tax increase on
11323		-	a homestead to be paid to schools that must be included in the public
11324		-	question under subsection (b) as follows:
11325		-	STEP ONE: Determine the average assessed value of a homestead
11326		-	located within the school corporation.
11327		-	STEP TWO: For purposes of determining the net assessed value
11328		-	of the average homestead located within the school corporation,
11329		-	subtract:
11330		-	(A) an amount for the homestead standard deduction under
11331		-	IC 6-1.1-12-37 as if the homestead described in STEP ONE
11332		-	was eligible for the deduction; and
11333		-	(B) an amount for the supplemental homestead deduction
11334		-	under IC 6-1.1-12-37.5 as if the homestead described in STEP
11335		-	ONE was eligible for the deduction;
11336		-	from the result of STEP ONE.
11337		-	STEP THREE: Divide the result of STEP TWO by one hundred
11338		-	(100).
11339		-	STEP FOUR: Determine the overall average tax rate per one
11340		-	hundred dollars ($100) of assessed valuation for the current year
11341		-	imposed on property located within the school corporation.
11342		-	STEP FIVE: For purposes of determining net property tax liability
11343		-	of the average homestead located within the school corporation:
11344		-	(A) multiply the result of STEP THREE by the result of STEP
11345		-	FOUR; and
11346		-	SEA 1 — Concur 265
11347		-	(B) as appropriate, apply any currently applicable county
11348		-	property tax credit rates and the credit for excessive property
11349		-	taxes under IC 6-1.1-20.6-7.5(a)(1).
11350		-	STEP SIX: Determine the amount of the school corporation's part
11351		-	of the result determined in STEP FIVE.
11352		-	STEP SEVEN: Multiply:
11353		-	(A) the tax rate that will be imposed if the public question is
11354		-	approved by the voters; by
11355		-	(B) the result of STEP THREE.
11356		-	STEP EIGHT: Divide the result of STEP SEVEN by the result of
11357		-	STEP SIX, expressed as a percentage.
11358		-	(d) At the request of the governing body of a school corporation that
11359		-	proposes to impose property taxes under this chapter, the county
11360		-	auditor of the county in which the school corporation is located shall
11361		-	determine the estimated average percentage of property tax increase on
11362		-	a business property to be paid to schools that must be included in the
11363		-	public question under subsection (b) as follows:
11364		-	STEP ONE: Determine the average assessed value of business
11365		-	property located within the school corporation.
11366		-	STEP TWO: Divide the result of STEP ONE by one hundred
11367		-	(100).
11368		-	STEP THREE: Determine the overall average tax rate per one
11369		-	hundred dollars ($100) of assessed valuation for the current year
11370		-	imposed on property located within the school corporation.
11371		-	STEP FOUR: For purposes of determining net property tax
11372		-	liability of the average business property located within the school
11373		-	corporation:
11374		-	(A) multiply the result of STEP TWO by the result of STEP
11375		-	THREE; and
11376		-	(B) as appropriate, apply any currently applicable county
11377		-	property tax credit rates and the credit for excessive property
11378		-	taxes under IC 6-1.1-20.6-7.5 as if the applicable percentage
11379		-	was three percent (3%).
11380		-	STEP FIVE: Determine the amount of the school corporation's
11381		-	part of the result determined in STEP FOUR.
11382		-	STEP SIX: Multiply:
11383		-	(A) the result of STEP TWO; by
11384		-	(B) the tax rate that will be imposed if the public question is
11385		-	approved by the voters.
11386		-	STEP SEVEN: Divide the result of STEP SIX by the result of
11387		-	STEP FIVE, expressed as a percentage.
11388		-	(e) The county auditor shall certify the estimated average percentage
11389		-	SEA 1 — Concur 266
11390		-	of property tax increase on a homestead to be paid to schools
11391		-	determined under subsection (c), and the estimated average percentage
11392		-	of property tax increase on a business property to be paid to schools
11393		-	determined under subsection (d), in a manner prescribed by the
11394		-	department of local government finance, and provide the certification
11395		-	to the governing body of the school corporation that proposes to impose
11396		-	property taxes.
11397		-	SECTION 218. IC 20-46-1-10.1, AS AMENDED BY P.L.236-2023,
11398		-	SECTION 154, IS AMENDED TO READ AS FOLLOWS
11399		-	[EFFECTIVE JULY 1, 2025]: Sec. 10.1. (a) This section applies only
11400		-	to a referendum to allow a school corporation to extend a referendum
11401		-	levy.
11402		-	(b) The question to be submitted to the voters in the referendum
11403		-	must read as follows:
11404		-	"Shall the school corporation continue to impose increased
11405		-	property taxes paid to the school corporation by homeowners and
11406		-	businesses for _____ (insert number of years) years immediately
11407		-	following the holding of the referendum for the purpose of
11408		-	funding ______ (insert short description of purposes)? The
11409		-	property tax increase requested in this referendum was originally
11410		-	approved by the voters in _______ (insert the year in which the
11411		-	referendum tax levy was approved) and if extended will increase
11412		-	the average property tax paid to the school corporation per year on
11413		-	a residence within the school corporation by ______% (insert the
11414		-	estimated average percentage of property tax increase on a
11415		-	residence within the school corporation) and if extended will
11416		-	increase the average property tax paid to the school corporation
11417		-	per year on a business property within the school corporation by
11418		-	______% (insert the estimated average percentage of property tax
11419		-	increase on a business within the school corporation).".
11420		-	"Shall _______ (insert the name of the school corporation)
11421		-	continue to increase property taxes paid to the school
11422		-	corporation for no more than _____ (insert the number of
11423		-	years immediately following the holding of the referendum)
11424		-	years for the purpose of funding _____________ (insert brief
11425		-	description of the purposes) by imposing a property tax rate
11426		-	that does not exceed ______ (insert property tax rate) and
11427		-	results in a maximum annual amount that does not exceed
11428		-	______ (insert maximum amount of annual levy). If this
11429		-	operating referendum public question is NOT approved by
11430		-	the voters, for a median residence of __________ (insert the
11431		-	school corporation's median household assessed value,
11432		-	SEA 1 — Concur 267
11433		-	rounded up to the next fifty thousand dollars ($50,000)), the
11434		-	property's annual tax bill would decrease by ______ (insert
11435		-	dollar amount, rounded up to the next whole dollar) per year.
11436		-	If this operating referendum public question is approved by
11437		-	the voters, it would be a renewal of the most recent operating
11438		-	referendum public question passed in ______ (insert year the
11439		-	original operating referendum public question passed) with a
11440		-	property tax rate of ______ (insert property tax rate of the
11441		-	original operating referendum public question).".
11442		-	(c) The number of years for which a referendum tax levy may be
11443		-	extended if the public question under this section is approved may not
11444		-	exceed eight (8) years.
11445		-	(d) At the request of the governing body of a school corporation that
11446		-	proposes to impose property taxes under this chapter, the county
11447		-	auditor of the county in which the school corporation is located shall
11448		-	determine the estimated average percentage of property tax increase on
11449		-	a homestead to be paid to the school corporation that must be included
11450		-	in the public question under subsection (b) as follows:
11451		-	STEP ONE: Determine the average assessed value of a homestead
11452		-	located within the school corporation.
11453		-	STEP TWO: For purposes of determining the net assessed value
11454		-	of the average homestead located within the school corporation,
11455		-	subtract:
11456		-	(A) an amount for the homestead standard deduction under
11457		-	IC 6-1.1-12-37 as if the homestead described in STEP ONE
11458		-	was eligible for the deduction; and
11459		-	(B) an amount for the supplemental homestead deduction
11460		-	under IC 6-1.1-12-37.5 as if the homestead described in STEP
11461		-	ONE was eligible for the deduction;
11462		-	from the result of STEP ONE.
11463		-	STEP THREE: Divide the result of STEP TWO by one hundred
11464		-	(100).
11465		-	STEP FOUR: Determine the overall average tax rate per one
11466		-	hundred dollars ($100) of assessed valuation for the current year
11467		-	imposed on property located within the school corporation.
11468		-	STEP FIVE: For purposes of determining net property tax liability
11469		-	of the average homestead located within the school corporation:
11470		-	(A) multiply the result of STEP THREE by the result of STEP
11471		-	FOUR; and
11472		-	(B) as appropriate, apply any currently applicable county
11473		-	property tax credit rates and the credit for excessive property
11474		-	taxes under IC 6-1.1-20.6-7.5(a)(1).
11475		-	SEA 1 — Concur 268
11476		-	STEP SIX: Determine the amount of the school corporation's part
11477		-	of the result determined in STEP FIVE.
11478		-	STEP SEVEN: Multiply:
11479		-	(A) the tax rate that will be imposed if the public question is
11480		-	approved by the voters; by
11481		-	(B) the result of STEP THREE.
11482		-	STEP EIGHT: Divide the result of STEP SEVEN by the result of
11483		-	STEP SIX, expressed as a percentage.
11484		-	(e) At the request of the governing body of a school corporation that
11485		-	proposes to impose property taxes under this chapter, the county
11486		-	auditor of the county in which the school corporation is located shall
11487		-	determine the estimated average percentage of property tax increase on
11488		-	a business property to be paid to the school corporation that must be
11489		-	included in the public question under subsection (b) as follows:
11490		-	STEP ONE: Determine the average assessed value of business
11491		-	property located within the school corporation.
11492		-	STEP TWO: Divide the result of STEP ONE by one hundred
11493		-	(100).
11494		-	STEP THREE: Determine the overall average tax rate per one
11495		-	hundred dollars ($100) of assessed valuation for the current year
11496		-	imposed on property located within the school corporation.
11497		-	STEP FOUR: For purposes of determining net property tax
11498		-	liability of the average business property located within the school
11499		-	corporation:
11500		-	(A) multiply the result of STEP TWO by the result of STEP
11501		-	THREE; and
11502		-	(B) as appropriate, apply any currently applicable county
11503		-	property tax credit rates and the credit for excessive property
11504		-	taxes under IC 6-1.1-20.6-7.5 as if the applicable percentage
11505		-	was three percent (3%).
11506		-	STEP FIVE: Determine the amount of the school corporation's
11507		-	part of the result determined in STEP FOUR.
11508		-	STEP SIX: Multiply:
11509		-	(A) the result of STEP TWO; by
11510		-	(B) the tax rate that will be imposed if the public question is
11511		-	approved by the voters.
11512		-	STEP SEVEN: Divide the result of STEP SIX by the result of
11513		-	STEP FIVE, expressed as a percentage.
11514		-	(f) The county auditor shall certify the estimated average percentage
11515		-	of property tax increase on a homestead to be paid to the school
11516		-	corporation determined under subsection (d), and the estimated average
11517		-	percentage of property tax increase on a business property to be paid
11518		-	SEA 1 — Concur 269
11519		-	to the school corporation determined under subsection (e), in a manner
11520		-	prescribed by the department of local government finance, and provide
11521		-	the certification to the governing body of the school corporation that
11522		-	proposes to impose property taxes.
11523		-	SECTION 219. IC 20-46-1-10.3 IS ADDED TO THE INDIANA
11524		-	CODE AS A NEW SECTION TO READ AS FOLLOWS
11525		-	[EFFECTIVE JULY 1, 2025]: Sec. 10.3. Each year, the county
11526		-	auditor, with cooperation from the department of local
11527		-	government finance, shall determine the tax rate needed to raise
11528		-	the maximum amount of the annual levy for the year as described
11529		-	under section 10 or 10.1 of this chapter, as applicable, and shall
11530		-	determine all other information needed for the ballot language in
11531		-	those sections.
11532		-	SECTION 220. IC 20-46-1-14, AS AMENDED BY P.L.227-2023,
11533		-	SECTION 135, IS AMENDED TO READ AS FOLLOWS
11534		-	[EFFECTIVE JULY 1, 2025]: Sec. 14. (a) The referendum shall be
11535		-	held in the next primary election general election, or municipal election
11536		-	as provided under IC 3-10-9-3(b), in which all the registered voters
11537		-	who are residents of the appellant school corporation are entitled to
11538		-	vote after certification of the question. under IC 3-10-9-3. The
11539		-	certification of the question must occur not later than noon
11540		-	(1) seventy-four (74) days before a primary election if the
11541		-	question is to be placed on the primary or municipal primary
11542		-	election ballot; or
11543		-	(2) August 1. if the question is to be placed on the general or
11544		-	municipal election ballot.
11545		-	(b) However, if a primary election, general election, or municipal
11546		-	election will not be held during the first year in which the public
11547		-	question is eligible to be placed on the ballot under this chapter and if
11548		-	the appellant school corporation requests the public question to be
11549		-	placed on the ballot at a special election, the public question shall be
11550		-	placed on the ballot at a special election to be held on the first Tuesday
11551		-	after the first Monday in May or November of the year. The
11552		-	certification must occur not later than noon:
11553		-	(1) seventy-four (74) days before a special election to be held in
11554		-	May (if the special election is to be held in May); or
11555		-	(2) on August 1 (if the special election is to be held in
11556		-	November).
11557		-	(c) If the referendum is not conducted at a primary election, general
11558		-	election, or municipal election, the appellant school corporation in
11559		-	which the referendum is to be held shall pay all the costs of holding the
11560		-	referendum.
11561		-	SEA 1 — Concur 270
11562		-	SECTION 221. IC 20-46-1-21, AS ADDED BY P.L.189-2023,
11563		-	SECTION 34, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
11564		-	JANUARY 1, 2025 (RETROACTIVE)]: Sec. 21. (a) This section:
11565		-	(1) except as provided in subdivision (2), applies to revenue
11566		-	received from a resolution that is approved by the governing body
11567		-	to impose a referendum levy under section 8 or 8.5 of this chapter
11568		-	after May 10, 2023, for a school corporation located in:
11569		-	(1) (A) Lake County;
11570		-	(2) (B) Marion County;
11571		-	(3) (C) St. Joseph County; or
11572		-	(4) (D) Vanderburgh County;
11573		-	through the full term of the referendum levy; and
11574		-	(2) does not apply to revenue received from a referendum levy
11575		-	if:
11576		-	(A) the governing body of the school corporation approves
11577		-	the referendum levy in a resolution adopted under section
11578		-	8 or 8.5 of this chapter; and
11579		-	(B) the referendum levy is imposed for the first time with
11580		-	property taxes first due and payable in a calendar year
11581		-	beginning after December 31, 2027.
11582		-	(b) Subject to subsections (f) and (h), the county auditor in the
11583		-	county in which the school corporation is located shall distribute an
11584		-	amount of revenue as provided under subsection (d) (e) from the
11585		-	revenue collected from a tax levy imposed under this chapter by a
11586		-	school corporation that is attributable to the territory of the school
11587		-	corporation that is located within the boundaries of a county listed
11588		-	in subsection (a)(1) to each charter school, excluding virtual charter
11589		-	schools or adult high schools, that a student who resides within the
11590		-	attendance area of the school corporation attends if the charter school
11591		-	elects to participate in the referendum under section 8(i) 8(h) of this
11592		-	chapter.
11593		-	(c) The department shall provide the county auditor with data and
11594		-	information necessary for the county auditor to determine:
11595		-	(1) which charter schools are eligible to receive a distribution
11596		-	under this section; and
11597		-	(2) the number of students who:
11598		-	(A) reside within the attendance area of the school corporation
11599		-	who are included in the ADM for each charter school,
11600		-	excluding virtual charter schools or adult high schools,
11601		-	described in subdivision (1); and
11602		-	(B) receive not more than fifty percent (50%) virtual
11603		-	instruction.
11604		-	SEA 1 — Concur 271
11605		-	(c) (d) The following schools are not eligible to receive a
11606		-	distribution under this section:
11607		-	(1) A virtual charter school.
11608		-	(2) An adult high school.
11609		-	(d) (e) For the purposes of the calculations made in this subsection,
11610		-	each eligible school that has entered into an agreement with a school
11611		-	corporation to participate as a participating innovation network charter
11612		-	school under IC 20-25.7-5 is considered to have an ADM that is
11613		-	separate from the school corporation. The amount that the county
11614		-	auditor shall distribute to a charter school, excluding virtual charter
11615		-	schools or adult high schools, under this section is the amount
11616		-	determined in the last STEP of the following STEPS:
11617		-	STEP ONE: Determine, for each charter school, excluding virtual
11618		-	charter schools or adult high schools, that is eligible to receive a
11619		-	distribution under this section, the number of students who reside
11620		-	within the attendance area of the school corporation who are
11621		-	currently included in the ADM of the charter school and receive
11622		-	not more than fifty percent (50%) virtual instruction.
11623		-	STEP TWO: Determine the sum of:
11624		-	(A) the current ADM count for the school corporation; plus
11625		-	(B) total number of all students who reside within the
11626		-	attendance area of the school corporation who are currently
11627		-	included in the ADM of a charter school, and receive not
11628		-	more than fifty percent (50%) virtual instruction,
11629		-	excluding virtual charter schools or adult high schools.
11630		-	STEP THREE: Determine the result of:
11631		-	(A) the STEP ONE amount; divided by
11632		-	(B) the STEP TWO amount.
11633		-	STEP FOUR: Determine the result of:
11634		-	(A) the sum of:
11635		-	(i) the STEP THREE amount; plus
11636		-	(ii) any amount withheld in the previous year under
11637		-	subsection (i); multiplied by
11638		-	(B) the amount collected by the county auditor during the most
11639		-	recent installment period that is attributable to the territory
11640		-	of the school corporation that is located within the
11641		-	boundaries of a county listed in subsection (a).
11642		-	(f) A charter school is not eligible for a distribution under this
11643		-	section from property tax revenue collected from a particular
11644		-	referendum levy if the charter school does not have a certified fall
11645		-	ADM count in the calendar year immediately preceding the
11646		-	calendar year in which the public question for the referendum
11647		-	SEA 1 — Concur 272
11648		-	appears on the ballot.
11649		-	(g) Not later than August 15, 2025, and not later than August 15
11650		-	of each calendar year thereafter, the department shall provide to
11651		-	each school corporation and eligible charter school an estimate of
11652		-	the amount of property tax levy revenue the school corporation
11653		-	and charter school are expected to receive under this section in the
11654		-	subsequent calendar year based on the most recent fall ADM
11655		-	count.
11656		-	(h) This subsection applies beginning with distributions of
11657		-	property tax revenue under this section in 2026 and thereafter. In
11658		-	order to receive a distribution under this section, the governing
11659		-	body of a charter school shall, not later than October 15, 2025, and
11660		-	not later than October 15 of each calendar year thereafter, adopt
11661		-	a budget for the current school year. Not later than ten (10) days
11662		-	before its adoption, the budget must be fixed and presented to the
11663		-	charter board in a public meeting in the county in which the
11664		-	charter school is incorporated. Not later than November 1, 2025,
11665		-	and not later than November 1 of each calendar year thereafter,
11666		-	the governing body of the charter school shall submit:
11667		-	(1) the budget that is adopted under this subsection;
11668		-	(2) the dates on which each requirement under this subsection
11669		-	were met; and
11670		-	(3) a statement from the governing body of the charter school
11671		-	attesting that the dates provided in subdivision (2) are true
11672		-	and accurate and that the budget was properly adopted under
11673		-	this subsection;
11674		-	to the charter authorizer for review and to the department of local
11675		-	government finance to be posted publicly on the computer gateway
11676		-	under IC 6-1.1-17-3.
11677		-	(i) If a charter school does not satisfy the requirements of
11678		-	subsection (h) to receive distributions under this section during a
11679		-	calendar year, as determined by the department of local
11680		-	government finance, the charter school may not receive a
11681		-	distribution of property tax revenue in that calendar year and the
11682		-	county auditor shall withhold the charter school's distribution
11683		-	amount. The department of local government finance's
11684		-	determination of compliance consists only of a confirmation that
11685		-	the adopted budget and attestation statement are submitted not
11686		-	later than the applicable date under subsection (h). Any
11687		-	distribution amount withheld under this subsection shall be:
11688		-	(1) added to the property tax revenue collections as described
11689		-	in STEP TWO of subsection (e); and
11690		-	SEA 1 — Concur 273
11691		-	(2) distributed among the school corporation and remaining
11692		-	charter schools according to subsection (e);
11693		-	in the calendar year that immediately follows the calendar year in
11694		-	which the distribution amount was withheld.
11695		-	SECTION 222. IC 20-46-1-22 IS ADDED TO THE INDIANA
11696		-	CODE AS A NEW SECTION TO READ AS FOLLOWS
11697		-	[EFFECTIVE JULY 1, 2025]: Sec. 22. (a) This section applies to
11698		-	revenue received from a referendum levy if both of the following
11699		-	apply:
11700		-	(1) The:
11701		-	(A) governing body of the school corporation approves the
11702		-	referendum levy in a resolution adopted under section 8 or
11703		-	8.5 of this chapter; and
11704		-	(B) resulting referendum levy is imposed for the first time
11705		-	with property taxes first due and payable in a calendar
11706		-	year beginning after December 31, 2027.
11707		-	(2) The number of students who have legal settlement in the
11708		-	school corporation but attend a charter school, excluding
11709		-	virtual charter schools and adult high schools, and receive not
11710		-	more than fifty percent (50%) virtual instruction is at least
11711		-	the greater of:
11712		-	(A) one hundred (100) students; or
11713		-	(B) two percent (2%) of the school corporation's spring
11714		-	ADM count, excluding students who receive more than
11715		-	fifty percent (50%) virtual instruction.
11716		-	(b) As used in this section, "eligible charter school" means a
11717		-	charter school attended by a student who:
11718		-	(1) has legal settlement in a school corporation that imposes
11719		-	a referendum levy under this chapter; and
11720		-	(2) receives not more than fifty percent (50%) virtual
11721		-	instruction.
11722		-	However, the term does not include a virtual charter school or an
11723		-	adult high school.
11724		-	(c) The following schools are not eligible to receive, and may not
11725		-	be considered in a calculation made for purposes of, a distribution
11726		-	under this section:
11727		-	(1) A virtual charter school.
11728		-	(2) An adult high school.
11729		-	(d) Subject to subsections (j) and (l), the county auditor in the
11730		-	county in which the school corporation is located shall distribute
11731		-	to each eligible charter school, in the manner provided under this
11732		-	section, an amount of revenue received from a tax levy imposed by
11733		-	SEA 1 — Concur 274
11734		-	a school corporation under this chapter unless the charter school
11735		-	elects to not participate in the referendum under section 8(h) of
11736		-	this chapter.
11737		-	(e) For the purposes of the calculations made in this section,
11738		-	each eligible charter school that has entered into an agreement
11739		-	with a school corporation to participate as a participating
11740		-	innovation network charter school under IC 20-25.7-5 is
11741		-	considered to have an ADM that is separate from the school
11742		-	corporation.
11743		-	(f) Not later than January 1, 2028, and not later than January
11744		-	1 of each year thereafter, the department, in consultation with the
11745		-	department of local government finance, shall determine, for each
11746		-	school corporation, the corresponding percentages of revenue
11747		-	received from the tax levy that must be distributed among the
11748		-	school corporation and each eligible charter school according to
11749		-	the following formula:
11750		-	STEP ONE: Determine, for each eligible charter school, the
11751		-	number of students who:
11752		-	(A) have legal settlement within the school corporation;
11753		-	(B) are currently included in the fall ADM count for the
11754		-	charter school; and
11755		-	(C) receive not more than fifty percent (50%) virtual
11756		-	instruction.
11757		-	STEP TWO: Determine the sum of:
11758		-	(A) the aggregate of the STEP ONE results for all eligible
11759		-	charter schools with respect to the school corporation; plus
11760		-	(B) the fall ADM count for the school corporation for
11761		-	students receiving not more than fifty percent (50%)
11762		-	virtual instruction.
11763		-	STEP THREE: For each eligible charter school, determine the
11764		-	result of:
11765		-	(A) the applicable STEP ONE amount; divided by
11766		-	(B) the STEP TWO amount;
11767		-	expressed as a percentage.
11768		-	STEP FOUR: Determine the sum of all the amounts computed
11769		-	under STEP THREE and subtract the result from one
11770		-	hundred percent (100%).
11771		-	(g) The department shall provide to the county auditor,
11772		-	immediately after calculation under subsection (g):
11773		-	(1) each eligible charter school and the eligible charter
11774		-	school's corresponding percentage calculated under STEP
11775		-	THREE of subsection (f); and
11776		-	SEA 1 — Concur 275
11777		-	(2) the percentage calculated under STEP FOUR of
11778		-	subsection (f) for the school corporation.
11779		-	(h) Subject to subsections (k) and (m), when the county auditor
11780		-	distributes property tax revenue, the county auditor shall
11781		-	distribute to the school corporation and each eligible charter
11782		-	school the amount determined in the last STEP of the following
11783		-	STEPS:
11784		-	STEP ONE: Determine the amount collected in the most
11785		-	recent installment period by the school corporation from the
11786		-	school corporation's referendum levy imposed under this
11787		-	chapter.
11788		-	STEP TWO: To determine the distribution for the school
11789		-	corporation and each eligible charter school, determine the
11790		-	result of:
11791		-	(A) the sum of:
11792		-	(i) the STEP ONE result; plus
11793		-	(ii) any amount withheld in the previous year under
11794		-	subsection (k); multiplied by
11795		-	(B) the following percentage:
11796		-	(i) In the case of an eligible charter school, the charter
11797		-	school's percentage under STEP THREE of subsection
11798		-	(f).
11799		-	(ii) In the case of the school corporation, the school
11800		-	corporation's percentage under STEP FOUR of
11801		-	subsection (f).
11802		-	(i) Not later than August 15, 2027, and not later than August 15
11803		-	of each calendar year thereafter, the department shall provide to
11804		-	each school corporation and each eligible charter school an
11805		-	estimate of the amount of property tax levy revenue the school
11806		-	corporation and eligible charter school are expected to receive
11807		-	under this section in the subsequent calendar year based on the
11808		-	most recent fall ADM count.
11809		-	(j) This subsection applies beginning with distributions of
11810		-	property tax revenue under this section in 2028 and thereafter. In
11811		-	order to receive a distribution under this section, the governing
11812		-	body of an eligible charter school shall, not later than October 15,
11813		-	2027, and not later than October 15 of each calendar year
11814		-	thereafter, adopt a budget for the current school year. Not later
11815		-	than ten (10) days before its adoption, the budget must be fixed and
11816		-	presented to the charter board in a public meeting in the county in
11817		-	which the eligible charter school is incorporated. Not later than
11818		-	November 1, 2027, and not later than November 1 of each calendar
11819		-	SEA 1 — Concur 276
11820		-	year thereafter, the governing body of the charter school shall
11821		-	submit:
11822		-	(1) the budget that is adopted under this subsection;
11823		-	(2) the dates on which each requirement under this subsection
11824		-	were met; and
11825		-	(3) a statement from the governing body of the charter school
11826		-	attesting that the dates provided in subdivision (2) are true
11827		-	and accurate and that the budget was properly adopted under
11828		-	this subsection;
11829		-	to the charter authorizer for review and to the department of local
11830		-	government finance to be posted publicly on the computer gateway
11831		-	under IC 6-1.1-17-3.
11832		-	(k) If an eligible charter school does not satisfy the requirements
11833		-	of subsection (j) to receive distributions under this section during
11834		-	a calendar year, as determined by the department of local
11835		-	government finance, the eligible charter school may not receive a
11836		-	distribution of property tax revenue in that calendar year and the
11837		-	county auditor shall withhold the eligible charter school's
11838		-	distribution amount. The department of local government finance's
11839		-	determination of compliance consists only of a confirmation that
11840		-	the adopted budget and attestation statement are submitted not
11841		-	later than the applicable date under subsection (j). Any
11842		-	distribution amount withheld under this subsection shall be:
11843		-	(1) added to the property tax revenue collections as described
11844		-	in STEP TWO of subsection (h); and
11845		-	(2) distributed among the school corporation and eligible
11846		-	charter schools according to subsection (h);
11847		-	in the calendar year that immediately follows the calendar year in
11848		-	which the distribution amount was withheld.
11849		-	(l) A charter school is not eligible for a distribution under this
11850		-	section from property tax revenue collected from a particular
11851		-	referendum levy if the charter school does not have a certified fall
11852		-	ADM count in the calendar year immediately preceding the
11853		-	calendar year in which the public question for the referendum
11854		-	appears on the ballot.
11855		-	SECTION 223. IC 20-46-8-1, AS AMENDED BY P.L.104-2022,
11856		-	SECTION 129, IS AMENDED TO READ AS FOLLOWS
11857		-	[EFFECTIVE JULY 1, 2025]: Sec. 1. (a) A school corporation may
11858		-	impose an annual property tax levy for its operations fund.
11859		-	(b) For property taxes first due and payable in 2019, the maximum
11860		-	permissible property tax levy a school corporation may impose for its
11861		-	operations fund (IC 20-40-18) is the following:
11862		-	SEA 1 — Concur 277
11863		-	STEP ONE: Determine the sum of the following:
11864		-	(A) The 2018 maximum permissible transportation levy
11865		-	determined under IC 20-46-4 (repealed January 1, 2019).
11866		-	(B) The 2018 maximum permissible school bus replacement
11867		-	levy determined under IC 20-46-5 (repealed January 1, 2019).
11868		-	(C) The 2018 amount that would be raised from a capital
11869		-	projects fund tax rate equal to the sum of:
11870		-	(i) the maximum capital projects fund rate that the school
11871		-	corporation was authorized to impose for 2018 under
11872		-	IC 20-46-6 (repealed January 1, 2019), after any adjustment
11873		-	under IC 6-1.1-18-12 (but excluding any rate imposed for
11874		-	qualified utility and insurance costs); plus
11875		-	(ii) the capital projects fund rate imposed for qualified utility
11876		-	and insurance costs in 2018.
11877		-	(D) For school corporations described in IC 36-10-13-7, the
11878		-	2018 levy as provided in section 6 of this chapter (repealed
11879		-	January 1, 2019) to provide funding for an art association.
11880		-	(E) For a school corporation in a county having a population
11881		-	of more than two hundred fifty thousand (250,000) and less
11882		-	than three hundred thousand (300,000), the 2018 levy as
11883		-	provided in section 7 of this chapter (repealed January 1,
11884		-	2019) to provide funding for a historical society.
11885		-	(F) For a school corporation described in IC 36-10-14-1, the
11886		-	2018 levy as provided in section 8 of this chapter (repealed
11887		-	January 1, 2019) to provide funding for a public playground.
11888		-	STEP TWO: Determine the product of:
11889		-	(A) The amount determined in STEP ONE, after eliminating
11890		-	the effects of temporary excessive levy appeals and any other
11891		-	temporary adjustments made to each of these levies for 2018
11892		-	(regardless of whether the school corporation imposed the
11893		-	entire amount of that maximum permissible levy for the
11894		-	previous year); multiplied by
11895		-	(B) the maximum levy growth quotient determined under
11896		-	IC 6-1.1-18.5-2.
11897		-	STEP THREE: Determine the result of the following:
11898		-	(A) Determine the sum of:
11899		-	(i) the amount determined in STEP TWO; plus
11900		-	(ii) the amount granted due to an appeal to increase the levy
11901		-	for transportation for 2019.
11902		-	(B) Make the school bus replacement adjustment for 2019.
11903		-	(c) After 2019, the maximum permissible property tax levy a school
11904		-	corporation may impose for its operations fund for a particular year is
11905		-	SEA 1 — Concur 278
11906		-	the following:
11907		-	STEP ONE: Determine the product of:
11908		-	(A) the maximum permissible property tax levy for the school
11909		-	corporation's operations fund for the previous year, after
11910		-	eliminating the effects of temporary excessive levy appeals
11911		-	and any other temporary adjustments made to the levy for the
11912		-	previous year (regardless of whether the school corporation
11913		-	imposed the entire amount of the maximum permissible levy
11914		-	for the previous year); multiplied by
11915		-	(B) the maximum levy growth quotient determined under
11916		-	IC 6-1.1-18.5-2.
11917		-	STEP TWO: Determine the result of the following:
11918		-	(A) Determine the sum of:
11919		-	(i) the amount determined in STEP ONE; plus
11920		-	(ii) the amount granted due to an appeal to increase the
11921		-	maximum permissible operations fund levy for the year
11922		-	under section 3 of this chapter for transportation (before its
11923		-	expiration).
11924		-	(B) Make the school bus replacement adjustment permitted by
11925		-	section 3 of this chapter.
11926		-	SECTION 224. IC 20-46-8-3, AS AMENDED BY P.L.156-2024,
11927		-	SECTION 29, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
11928		-	JULY 1, 2025]: Sec. 3. (a) This section applies to property tax levies
11929		-	imposed before January 1, 2026.
11930		-	(b) Subject to subsection (b), (c), a school corporation may appeal
11931		-	to the department of local government finance under IC 6-1.1-19 to
11932		-	increase the school corporation's maximum permissible operations fund
11933		-	levy. The appeal must be filed with the department of local government
11934		-	finance before October 20 of the year before the increase is proposed
11935		-	to take effect. To be granted an increase by the department of local
11936		-	government finance, the school corporation must establish that the
11937		-	increase is necessary because of either or both of the following:
11938		-	(1) A cost increase of at least ten percent (10%) over the
11939		-	preceding year for at least one (1) of the following:
11940		-	(A) A fuel expense increase.
11941		-	(B) A cost increase due to an increase in the number of
11942		-	students enrolled in the school corporation who need
11943		-	transportation or an increase in the mileage traveled by the
11944		-	school corporation's buses compared with the previous year.
11945		-	(C) A cost increase due to an increase in the number of
11946		-	students enrolled in special education who need transportation
11947		-	or an increase in the mileage traveled by the school
11948		-	SEA 1 — Concur 279
11949		-	corporation's buses due to students enrolled in special
11950		-	education as compared with the previous year.
11951		-	(D) Increased transportation operating costs due to compliance
11952		-	with a court ordered desegregation plan.
11953		-	(E) A cost increase due to the closure of a school building
11954		-	within the school corporation that results in a significant
11955		-	increase in the distances that students must be transported to
11956		-	attend another school building.
11957		-	(F) A cost increase due to restructuring or redesigning
11958		-	transportation services due to a need for additional, expanded,
11959		-	consolidated, or modified routes.
11960		-	(G) A labor cost increase due to a labor shortage affecting the
11961		-	school corporation's ability to hire qualified transportation
11962		-	employees.
11963		-	To obtain the increase, the school corporation must establish that
11964		-	it will be unable to provide transportation services without an
11965		-	increase.
11966		-	(2) A cost increase associated with the school corporation's bus
11967		-	replacement plan adopted or amended under IC 20-40-18-9 (after
11968		-	December 31, 2018). To obtain the increase, the school
11969		-	corporation must show that the school corporation must incur
11970		-	reasonable and necessary expenses to acquire additional buses
11971		-	under the plan.
11972		-	The department of local government finance may grant a levy increase
11973		-	that is less than the increase requested by the school corporation. If the
11974		-	department of local government finance determines that a permanent
11975		-	increase in the maximum permissible levy is necessary, the increase
11976		-	granted under this section shall be added to the school corporation's
11977		-	maximum permissible operations fund levy as provided in section 1 of
11978		-	this chapter.
11979		-	(b) (c) This subsection applies to a school corporation whose budget
11980		-	for the upcoming year is subject to review by a fiscal body under
11981		-	IC 6-1.1-17-20. A school corporation described in this subsection may
11982		-	not submit an appeal under this section unless the school corporation
11983		-	receives approval from the fiscal body to submit the appeal.
11984		-	(d) This section expires December 31, 2026.
11985		-	SECTION 225. IC 20-46-8-11.2, AS AMENDED BY P.L.36-2024,
11986		-	SECTION 11, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
11987		-	JANUARY 1, 2025 (RETROACTIVE)]: Sec. 11.2. (a) This section
11988		-	applies only to revenue collected after June 30, 2024, and before
11989		-	January 1, 2028, from a tax levy imposed under this chapter by a
11990		-	school corporation located in:
11991		-	SEA 1 — Concur 280
11992		-	(1) Lake County;
11993		-	(2) Marion County;
11994		-	(3) St. Joseph County; or
11995		-	(4) Vanderburgh County.
11996		-	However, this section does not apply to, and distributions are not
11997		-	required for, a school corporation that is designated as a distressed
11998		-	political subdivision under IC 6-1.1-20.3.
11999		-	(b) Beginning In calendar year 2025, and each year thereafter, and
12000		-	subject to subsections (c), and (h), the county For distributions made
12001		-	in:
	15111	+	executive's appointee under subsection (c).".
	15112	+	Page 248, delete lines 7 through 9.
	15113	+	Page 254, line 13, after "without" insert "written".
	15114	+	Page 276, line 37, delete "school." and insert "school and receive
	15115	+	not more than fifty percent (50%) virtual instruction.".
	15116	+	Page 276, line 42, after "school," insert "and receive not more than
	15117	+	fifty percent (50%) virtual instruction,".
	15118	+	Page 277, line 16, delete "begins operations after the" and insert
	15119	+	"does not have a certified fall ADM count in the calendar year
	15120	+	immediately preceding the calendar year in which the public
	15121	+	question for the referendum appears on the ballot.".
	15122	+	Page 277, delete lines 17 through 18.
	15123	+	Page 277, line 24, delete "spring" and insert "fall".
	15124	+	Page 277, line 31, delete "ensuing" and insert "current".
	15125	+	Page 281, line 7, delete "spring" and insert "fall".
	15126	+	Page 281, line 13, delete "ensuing" and insert "current".
	15127	+	Page 282, line 7, delete "begins operations after the" and insert
	15128	+	"does not have a certified fall ADM count in the calendar year
	15129	+	immediately preceding the calendar year in which the public
	15130	+	question for the referendum appears on the ballot.".
	15131	+	Page 282, delete lines 8 through 9.
	15132	+	Page 285, line 24, strike "In calendar year 2025,".
	15133	+	Page 285, line 24, delete "2026, and 2027,".
	15134	+	Page 285, line 25, strike "and subject to subsections (c),".
	15135	+	Page 285, line 25, strike "(h),".
	15136	+	Page 285, line 25, delete "and (i),".
	15137	+	Page 285, line 25, strike "the county" and insert "For distributions
	15138	+	made in:
12002	15139		(1) calendar year 2025, and subject to subsection (c); and
12003	15140		(2) calendar years 2026 and 2027, and subject to subsections
12004	15141		(c), (h), and (i);
12005		-	the county auditor shall distribute to each charter school that is
12006		-	eligible for a distribution under subsection (d), and as provided
12007		-	under subsection (f), an amount of revenue received from a tax levy
12008		-	imposed by a school corporation under this chapter to each charter
12009		-	school that is eligible for a distribution under subsection (d) and as set
12010		-	forth in subsection (f). that is attributable to the territory of the
12011		-	school corporation that is located within the boundaries of a county
12012		-	listed in subsection (a).
12013		-	(c) The following schools are not eligible to receive a distribution
12014		-	under this section:
12015		-	(1) A virtual charter school.
12016		-	(2) An adult high school.
12017		-	(d) Not later than thirty (30) days before the date that the county
12018		-	auditor distributes money for a school corporation's operations fund
12019		-	(IC 20-40-18) under IC 6-1.1-27, March 1, 2025, January 1, 2026,
12020		-	and January 1, 2027, the department, in consultation with the
12021		-	department of local government finance, shall determine the
12022		-	corresponding percentages of revenue received from the tax levy that
12023		-	are attributable to the territory of the school corporation that is
12024		-	located within the boundaries of a county listed in subsection (a)
12025		-	and must be distributed among the school corporation and each eligible
12026		-	charter school according to the following formula:
12027		-	STEP ONE: Determine each charter school that:
12028		-	(A) is located in the same county as the school corporation;
12029		-	and
12030		-	(B) provides not more than fifty percent (50%) virtual
12031		-	instruction for its students.
12032		-	STEP TWO: Determine, for each charter school described in
12033		-	STEP ONE, the number of students who:
12034		-	SEA 1 — Concur 281
12035		-	(A) have legal settlement within the school corporation;
12036		-	(B) are currently included in the fall ADM for the charter
12037		-	school; and
12038		-	(C) receive not more than fifty percent (50%) virtual
12039		-	instruction.
12040		-	STEP THREE: Determine the sum of:
12041		-	(A) the aggregate of the STEP TWO results for all applicable
12042		-	charter schools; plus
12043		-	(B) the fall ADM count for the school corporation for students
12044		-	receiving not more than fifty percent (50%) virtual instruction.
12045		-	STEP FOUR: For each charter school described in STEP ONE,
12046		-	determine the result of:
12047		-	(A) the applicable STEP TWO amount; divided by
12048		-	(B) the STEP THREE amount;
12049		-	expressed as a percentage.
12050		-	STEP FIVE: Determine the sum of all the amounts computed
12051		-	under STEP FOUR and subtract the result from one hundred
12052		-	percent (100%).
12053		-	(e) The department shall provide to the county auditor, immediately
12054		-	after calculation under subsection (d): and in the form prescribed by the
12055		-	county auditor:
12056		-	(1) each charter school determined under STEP ONE of
12057		-	subsection (d) and the charter school's corresponding percentage
12058		-	calculated under STEP FOUR of subsection (d); and
12059		-	(2) the percentage calculated under STEP FIVE of subsection (d)
12060		-	for the school corporation.
12061		-	(f) Subject to subsection (i), the county auditor shall distribute to
12062		-	the school corporation and each applicable charter school the amount
12063		-	determined, for each settlement period described in IC 6-1.1-27-1,
12064		-	in the last STEP of the following STEPS:
12065		-	STEP ONE: For each school corporation, determine a base
12066		-	property tax levy amount calculated as:
12067		-	(A) the sum of the school corporation's operations fund
12068		-	property tax levies that are attributable to the territory of
12069		-	the school corporation that is located within the
12070		-	boundaries of a county listed in subsection (a) and collected
12071		-	under this chapter for the applicable settlement period as
12072		-	described in IC 6-1.1-27-1 in calendar years 2021, 2022, and
12073		-	2023; divided by
12074		-	(B) three (3).
12075		-	STEP TWO: For each school corporation, determine an
12076		-	incremental property tax levy amount calculated as:
12077		-	SEA 1 — Concur 282
12078		-	(A) the school corporation's operations fund property tax levy
12079		-	collections that are attributable to the territory of the
12080		-	school corporation that is located within the boundaries of
12081		-	a county listed in subsection (a) for the applicable
12082		-	settlement period as described in IC 6-1.1-27-1 in the
12083		-	current calendar year; minus
12084		-	(B) the school corporation's base property tax levy collections
12085		-	determined for the applicable settlement period as
12086		-	described in IC 6-1.1-27-1 under STEP ONE.
12087		-	STEP THREE: For the school corporation and each applicable
12088		-	charter school, determine the result of:
12089		-	(A) the sum of:
12090		-	(i) the incremental amount determined under STEP TWO;
12091		-	plus
12092		-	(ii) any distribution amount withheld under subsection
12093		-	(i); multiplied by
12094		-	(B) the following percentage:
12095		-	(i) In the case of an applicable charter school, the charter
12096		-	school's percentage under STEP FOUR of subsection (d).
12097		-	(ii) In the case of the school corporation, the school
12098		-	corporation's percentage under STEP FIVE of subsection
12099		-	(d).
12100		-	(g) Before October 1, 2024, and before October 1 of each year
12101		-	thereafter, August 15, 2025, and August 15, 2026, the department
12102		-	shall provide to each school corporation and each eligible charter
12103		-	school an estimate of the amount of property tax levy revenue the
12104		-	school corporation and charter school are expected to receive under
12105		-	this section based on the most recent fall ADM count.
12106		-	(h) This subsection applies to distributions of property tax
12107		-	revenue under this section in 2026 and 2027. In order to receive a
12108		-	distribution under this section in 2026 and 2027, the governing body
12109		-	of an eligible charter school shall, before November 1, 2024, and
12110		-	before November 1 of each year thereafter, October 15, 2025, and
12111		-	October 15, 2026, adopt a budget for the current school year. Not
12112		-	later than ten (10) days before its adoption, the budget must be fixed
12113		-	and presented to the charter board in a public meeting in the county in
12114		-	which the charter school is incorporated. A budget that is adopted
12115		-	under this subsection must be submitted to the charter authorizer for
12116		-	review and to the department of local government finance to be posted
12117		-	publicly on the computer gateway under IC 6-1.1-17-3 not later than:
12118		-	(1) to receive distributions in 2026, November 1, 2025; and
12119		-	(2) to receive distributions in 2027, November 1, 2026.
12120		-	SEA 1 — Concur 283
12121		-	In addition to the adopted budget, the governing body of the
12122		-	charter school shall also submit to the charter authorizer, and to
12123		-	the department of local government finance to be posted publicly
12124		-	on the computer gateway under IC 6-1.1-17-3, the dates on which
12125		-	each requirement under this subsection was met and a statement
12126		-	from the governing body of the charter school attesting that those
12127		-	dates are true and accurate and that the budget was properly
12128		-	adopted under this subsection.
12129		-	(i) Before April 1, 2025, and before April 1 of each year thereafter,
12130		-	the county auditor shall provide each school corporation and each
12131		-	eligible charter school the actual amount of property tax levy revenue
12132		-	the school corporation and charter school are expected to receive under
12133		-	this section.
12134		-	(i) This subsection applies to distributions of property tax
12135		-	revenue under this section in 2026 and 2027. If an eligible charter
12136		-	school does not satisfy the requirements of subsection (h) to receive
12137		-	distributions under this section during a calendar year, as
12138		-	determined by the department of local government finance, the
12139		-	charter school may not receive a distribution of property tax
12140		-	revenue in that calendar year and the county auditor shall
12141		-	withhold the charter school's distribution amount. The department
12142		-	of local government finance's determination of compliance consists
12143		-	only of a confirmation that the adopted budget and attestation
12144		-	statement are submitted not later than the applicable date under
12145		-	subsection (h). Any distribution amount that must be withheld
12146		-	from distribution to any particular charter school under this
12147		-	subsection in:
12148		-	(1) calendar year 2026 shall be added to the incremental
12149		-	amount as described in STEP TWO of subsection (f) and
12150		-	distributed among the school corporation and remaining
12151		-	charter schools according to subsection (f) in calendar year
12152		-	2027; and
12153		-	(2) calendar year 2027 shall be added to the incremental
12154		-	amount as described in STEP TWO of subsection (f) and
12155		-	distributed among the school corporation and remaining
12156		-	charter schools according to subsection (f) in calendar year
12157		-	2027.
12158		-	SECTION 226. IC 20-46-8-12 IS ADDED TO THE INDIANA
12159		-	CODE AS A NEW SECTION TO READ AS FOLLOWS
12160		-	[EFFECTIVE JULY 1, 2025]: Sec. 12. (a) This section applies to
12161		-	revenue collected after December 31, 2027, from a tax levy imposed
12162		-	under this chapter only if the number of students who have legal
12163		-	SEA 1 — Concur 284
12164		-	settlement in a school corporation but attend a charter school,
12165		-	excluding virtual charter schools and adult high schools, and
12166		-	receive not more than fifty percent (50%) virtual instruction, is at
12167		-	least the greater of:
12168		-	(1) one hundred (100) students; or
12169		-	(2) two percent (2%) of the school corporation's spring ADM
12170		-	count, excluding students who receive more than fifty percent
12171		-	(50%) virtual instruction.
12172		-	(b) As used in this section, "eligible charter school" means a
12173		-	charter school attended by a student who:
12174		-	(1) has legal settlement in a school corporation that imposes
12175		-	a tax levy under this chapter; and
12176		-	(2) receives not more than fifty percent (50%) virtual
12177		-	instruction.
12178		-	However, the term does not include a virtual charter school or an
12179		-	adult high school.
12180		-	(c) The following schools are not eligible to receive, and may not
12181		-	be considered in a calculation made for purposes of, a distribution
12182		-	under this section:
12183		-	(1) A virtual charter school.
12184		-	(2) An adult high school.
12185		-	(d) Beginning in calendar year 2028, and in each calendar year
12186		-	thereafter, and subject to subsection (j), the county auditor shall
12187		-	distribute to each eligible charter school in the manner provided
12188		-	under this section an amount of revenue received from a tax levy
12189		-	imposed by a school corporation under this chapter.
12190		-	(e) For the purposes of the calculations made in this section,
12191		-	each eligible charter school that has entered into an agreement
12192		-	with a school corporation to participate as a participating
12193		-	innovation network charter school under IC 20-25.7-5 is
12194		-	considered to have an ADM that is separate from the school
12195		-	corporation.
12196		-	(f) Not later than January 1, 2028, and not later than January
12197		-	1 of each year thereafter, the department, in consultation with the
12198		-	department of local government finance, shall determine, for each
12199		-	school corporation, the corresponding percentages of revenue
12200		-	received from the tax levy that must be distributed among the
12201		-	school corporation and each eligible charter school according to
12202		-	the following formula:
12203		-	STEP ONE: Determine, for each eligible charter school, the
12204		-	number of students who:
12205		-	(A) have legal settlement within the school corporation;
12206		-	SEA 1 — Concur 285
12207		-	(B) are currently included in the fall ADM count for the
12208		-	charter school; and
12209		-	(C) receive not more than fifty percent (50%) virtual
12210		-	instruction.
12211		-	STEP TWO: Determine the sum of:
12212		-	(A) the aggregate of the STEP ONE results for all eligible
12213		-	charter schools with respect to the school corporation; plus
12214		-	(B) the fall ADM count for the school corporation for
12215		-	students receiving not more than fifty percent (50%)
12216		-	virtual instruction.
12217		-	STEP THREE: For each eligible charter school, determine the
12218		-	result of:
12219		-	(A) the applicable STEP ONE amount; divided by
12220		-	(B) the STEP TWO amount;
12221		-	expressed as a percentage.
12222		-	STEP FOUR: Determine the sum of all the amounts computed
12223		-	under STEP THREE and subtract the result from one
12224		-	hundred percent (100%).
12225		-	(g) The department shall provide to the county auditor,
12226		-	immediately after calculation under subsection (f):
12227		-	(1) each eligible charter school and the eligible charter
12228		-	school's corresponding percentage calculated under STEP
12229		-	THREE of subsection (f); and
12230		-	(2) the percentage calculated under STEP FOUR of
12231		-	subsection (f) for the school corporation.
12232		-	(h) Subject to subsections (j) and (l), the county auditor shall
12233		-	distribute to the school corporation and each eligible charter
12234		-	school the amount determined in the last STEP of the following
12235		-	STEPS:
12236		-	STEP ONE: Determine the amount collected in the most
12237		-	recent installment period by the school corporation from the
12238		-	school corporation's operations fund levy imposed under this
12239		-	chapter.
12240		-	STEP TWO: To determine the distribution for the school
12241		-	corporation and each eligible charter school, determine the
12242		-	result of:
12243		-	(A) the sum of:
12244		-	(i) the STEP ONE result; plus
12245		-	(ii) any amount withheld in the previous year under
12246		-	subsection (k); multiplied by
12247		-	(B) the following percentage:
12248		-	(i) In the case of an eligible charter school, the charter
12249		-	SEA 1 — Concur 286
12250		-	school's percentage under STEP THREE of subsection
12251		-	(f).
12252		-	(ii) In the case of the school corporation, the school
12253		-	corporation's percentage under STEP FOUR of
12254		-	subsection (f).
12255		-	(i) Not later than August 15, 2027, and not later than August 15
12256		-	of each calendar year thereafter, the department shall provide to
12257		-	each school corporation and each eligible charter school an
12258		-	estimate of the amount of property tax levy revenue the school
12259		-	corporation and eligible charter school are expected to receive
12260		-	under this section in the subsequent calendar year based on the
12261		-	most recent fall ADM count.
12262		-	(j) Beginning with distributions of property tax revenue under
12263		-	this section in 2028 and thereafter, in order to receive a
12264		-	distribution under this section, the governing body of an eligible
12265		-	charter school shall, not later than October 15, 2027, and not later
12266		-	than October 15 of each calendar year thereafter, adopt a budget
12267		-	for the current school year. Not later than ten (10) days before its
12268		-	adoption, the budget must be fixed and presented to the charter
12269		-	board in a public meeting in the county in which the eligible
12270		-	charter school is incorporated. Not later than November 1, 2027,
12271		-	and not later than November 1 of each calendar year thereafter,
12272		-	the governing body of the charter school shall submit:
12273		-	(1) the budget that is adopted under this subsection;
12274		-	(2) the dates on which each requirement under this subsection
12275		-	was met; and
12276		-	(3) a statement from the governing body of the charter school
12277		-	attesting that the dates provided in subdivision (2) are true
12278		-	and accurate and that the budget was properly adopted under
12279		-	this subsection;
12280		-	to the charter authorizer for review and to the department of local
12281		-	government finance to be posted publicly on the computer gateway
12282		-	under IC 6-1.1-17-3.
12283		-	(k) If an eligible charter school does not satisfy the requirements
12284		-	of subsection (j) to receive distributions under this section during
12285		-	a calendar year, as determined by the department of local
12286		-	government finance, the eligible charter school may not receive a
12287		-	distribution of property tax revenue in that calendar year and the
12288		-	county auditor shall withhold the eligible charter school's
12289		-	distribution amount. The department of local government finance's
12290		-	determination of compliance consists only of a confirmation that
12291		-	the adopted budget and attestation statement are submitted not
12292		-	SEA 1 — Concur 287
12293		-	later than the applicable date under subsection (j). Any
12294		-	distribution amount withheld under this subsection shall be:
12295		-	(1) added to the property tax revenue collections as described
12296		-	in STEP TWO of subsection (h); and
12297		-	(2) distributed among the school corporation and remaining
12298		-	eligible charter schools according to subsection (h);
12299		-	in the calendar year that immediately follows the calendar year in
12300		-	which the distribution amount was withheld.
12301		-	(l) This subsection applies only to distributions under subsection
12302		-	(h) in calendar years 2028, 2029, and 2030 to an eligible charter
12303		-	school. Instead of the amount determined under subsection (h) for
12304		-	a distribution to a particular eligible charter school from the
12305		-	revenue collected from the tax levy imposed under this chapter by
12306		-	a particular school corporation, the county auditor shall make
12307		-	distributions according to the following:
12308		-	(1) For a distribution in 2028, the county auditor shall
12309		-	distribute an amount for a particular eligible charter school
12310		-	equal to:
12311		-	(A) the applicable result of STEP TWO of subsection (h)
12312		-	for the eligible charter school; multiplied by
12313		-	(B) twenty-five hundredths (0.25).
12314		-	(2) For a distribution in 2029, the county auditor shall
12315		-	distribute an amount for a particular eligible charter school
12316		-	equal to:
12317		-	(A) the applicable result of STEP TWO of subsection (h)
12318		-	for the eligible charter school; multiplied by
12319		-	(B) five-tenths (0.5).
12320		-	(3) For a distribution in 2030, the county auditor shall
12321		-	distribute an amount for a particular eligible charter school
12322		-	equal to:
12323		-	(A) the applicable result of STEP TWO of subsection (h)
12324		-	for the eligible charter school; multiplied by
12325		-	(B) seventy-five hundredths (0.75).
12326		-	Any amount of property tax revenue collected from the tax levy
12327		-	imposed under this chapter by a particular school corporation that
12328		-	remains after making the distributions according to this subsection
12329		-	shall be distributed to the school corporation and are in addition
12330		-	to the amount distributed to the school corporation under
12331		-	subsection (h) for the applicable year. This subsection expires July
12332		-	1, 2032.
12333		-	SECTION 227. IC 20-46-9-6, AS AMENDED BY P.L.162-2024,
12334		-	SECTION 26, AND AS AMENDED BY P.L.156-2024, SECTION 30,
12335		-	SEA 1 — Concur 288
12336		-	AND AS AMENDED BY THE TECHNICAL CORRECTIONS BILL
12337		-	OF THE 2025 GENERAL ASSEMBLY, IS CORRECTED AND
12338		-	AMENDED TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2025]:
12339		-	Sec. 6. (a) Subject to this chapter, the governing body of a school
12340		-	corporation may adopt a resolution to place a referendum under this
12341		-	chapter on the ballot if the governing body of the school corporation
12342		-	determines that a referendum levy should be imposed for measures to
12343		-	improve school safety as described in IC 20-40-20-6(a) or
12344		-	IC 20-40-20-6(b).
12345		-	(b) Except as provided in section 22 of this chapter, a school
12346		-	corporation may, with the approval of the majority of members of the
12347		-	governing body, distribute a portion of the proceeds of a tax levy
12348		-	collected under this chapter that is deposited in the fund to a charter
12349		-	school, excluding a virtual charter school, that is located within the
12350		-	attendance area of the school corporation, to be used by the charter
12351		-	school for the purposes described in IC 20-40-20-6(a).
12352		-	(c) This subsection applies to a resolution described in subsection
12353		-	(a) that is adopted after May 10, 2023, in a county described in section
12354		-	22(a) of this chapter. A resolution shall specify that a portion of the
12355		-	proceeds of the proposed levy will be distributed to applicable charter
12356		-	schools in the manner described under section 22 of this chapter if the
12357		-	charter school voluntarily elects to participate in the referendum in the
12358		-	manner described in subsection (i).
12359		-	(d) This subsection applies to a resolution described in subsection
12360		-	(a) that is adopted after May 10, 2023, in a county described in section
12361		-	22(a) of this chapter. The resolution described in subsection (a) shall
12362		-	include a projection of the amount that the school corporation expects
12363		-	to be distributed to a particular charter school, excluding virtual charter
12364		-	schools or adult high schools, under section 22 of this chapter that
12365		-	elects to participate in the referendum under subsection (i). At least
12366		-	sixty (60) days before the resolution described in subsection (a) is
12367		-	voted on by the governing body, the school corporation shall contact
12368		-	the department to determine the number of students in kindergarten
12369		-	through grade 12 who have legal settlement in the school corporation
12370		-	but attend a charter school, excluding virtual charter schools or adult
12371		-	high schools, and who receive not more than fifty percent (50%) virtual
12372		-	instruction. The department shall provide the school corporation with
12373		-	the number of students with legal settlement in the school corporation
12374		-	who attend a charter school, which shall be disaggregated for each
12375		-	particular charter school, excluding a virtual charter school or adult
12376		-	high school. The projection may include an expected increase in
12377		-	charter schools during the term the levy is imposed. The department of
12378		-	SEA 1 — Concur 289
12379		-	local government finance shall prescribe the manner in which the
12380		-	projection shall be calculated. The governing body shall take into
12381		-	consideration the projection when adopting the revenue spending plan
12382		-	under subsection (g).
12383		-	(e) The governing body of the school corporation shall certify a
12384		-	copy of the resolution to the following:
12385		-	(1) The department of local government finance, including:
12386		-	(A) the language for the question required by section 9 of this
12387		-	chapter, or in the case of a resolution to extend a referendum
12388		-	levy certified to the department of local government finance,
12389		-	section 10 of this chapter; and
12390		-	(B) a copy of the revenue spending plan adopted under
12391		-	subsection (g).
12392		-	The language of the public question must include the estimated
12393		-	average percentage increases certified by the county auditor under
12394		-	section 9(d) or 10(f) of this chapter, as applicable. The governing
12395		-	body of the school corporation shall also provide the county
12396		-	auditor's certification described in section 9(d) or 10(f) of this
12397		-	chapter, as applicable. The department of local government
12398		-	finance shall post the values certified by the county auditor to the
12399		-	department's website. The department shall review the language
12400		-	for compliance with section 9 or 10 of this chapter, whichever is
12401		-	applicable, and either approve or reject the language. The
12402		-	department shall send its decision to the governing body of the
12403		-	school corporation not more than ten (10) days after both the
12404		-	certification of the county auditor described in section 9(d) or
12405		-	10(f) of this chapter, as applicable, and the resolution is are
12406		-	submitted to the department. If the language is approved, the
12407		-	governing body of the school corporation shall certify a copy of
12408		-	the resolution, including the language for the question and the
12409		-	department's approval.
12410		-	(2) The county fiscal body of each county in which the school
12411		-	corporation is located (for informational purposes only).
12412		-	(3) The circuit court clerk of each county in which the school
12413		-	corporation is located.
12414		-	(f) Except as provided in section 22 of this chapter, the resolution
12415		-	described in subsection (a) must indicate whether proceeds in the
12416		-	school corporation's fund collected from a tax levy under this chapter
12417		-	will be used to provide a distribution to a charter school or charter
12418		-	schools, excluding a virtual charter school, under IC 20-40-20-6(b) as
12419		-	well as the amount that will be distributed to the particular charter
12420		-	school or charter schools. A school corporation may request from the
12421		-	SEA 1 — Concur 290
12422		-	designated charter school or charter schools any financial
12423		-	documentation necessary to demonstrate the financial need of the
12424		-	charter school or charter schools.
12425		-	(g) As part of the resolution described in subsection (a), the
12426		-	governing body of the school corporation shall adopt a revenue
12427		-	spending plan for the proposed referendum tax levy that includes:
12428		-	(1) an estimate of the amount of annual revenue expected to be
12429		-	collected if a levy is imposed under this chapter;
12430		-	(2) the specific purposes described in IC 20-40-20-6 for which the
12431		-	revenue collected from a levy imposed under this chapter will be
12432		-	used;
12433		-	(3) an estimate of the annual dollar amounts that will be expended
12434		-	for each purpose described in subdivision (2); and
12435		-	(4) for a resolution for a referendum that is adopted after May 10,
12436		-	2023, for a county described in section 22(a) of this chapter, the
12437		-	projected revenue that shall be distributed to charter schools as
12438		-	provided in subsection (d). The revenue spending plan shall also
12439		-	take into consideration deviations in the proposed revenue
12440		-	spending plan if the actual charter school distributions exceed or
12441		-	are lower than the projected charter school distributions described
12442		-	in subsection (d). The resolution shall include for each charter
12443		-	school that elects to participate under subsection (i) information
12444		-	described in subdivisions (1) through (3).
12445		-	(h) A school corporation shall specify in its proposed budget the
12446		-	school corporation's revenue spending plan adopted under subsection
12447		-	(g) and annually present the revenue spending plan at its public hearing
12448		-	on the proposed budget under IC 6-1.1-17-3.
12449		-	(i) This subsection applies to a resolution described in subsection
12450		-	(a) for a county described in section 22(a) of this chapter that is
12451		-	adopted after May 10, 2023. At least forty-five (45) days before the
12452		-	resolution described in subsection (a) is voted on by the governing
12453		-	body, the school corporation shall contact each charter school,
12454		-	excluding virtual charter schools or adult high schools, disclosed by the
12455		-	department to the school corporation under subsection (f) to determine
12456		-	whether the charter school will participate in the referendum. The
12457		-	notice must include the total amount of the school corporation's
12458		-	expected need, the corresponding estimate of that amount divided by
12459		-	the number of students enrolled in the school corporation, and the date
12460		-	on which the governing body of the school corporation will vote on the
12461		-	resolution. The charter school must respond in writing to the school
12462		-	corporation, which may be by electronic mail addressed to the
12463		-	superintendent of the school corporation, at least fifteen (15) days
12464		-	SEA 1 — Concur 291
12465		-	prior to the date that the resolution described in subsection (a) is to be
12466		-	voted on by the governing body. If the charter school elects to not
12467		-	participate in the referendum, the school corporation may exclude
12468		-	distributions to the charter school under section 22 of this chapter and
12469		-	from the projection described in subsection (d). If the charter school
12470		-	elects to participate in the referendum, the charter school may receive
12471		-	distributions under section 22 of this chapter and must be included in
12472		-	the projection described in subsection (d). In addition, a charter school
12473		-	that elects to participate in the referendum under this subsection shall
12474		-	contribute a proportionate share of the cost to conduct the referendum
12475		-	based on the total combined ADM of the school corporation and any
12476		-	participating charter schools.
12477		-	(j) This subsection applies to a resolution described in subsection
12478		-	(a) for a county described in section 22(a) of this chapter that is
12479		-	adopted after May 10, 2023. At least thirty (30) days before the
12480		-	resolution described in subsection (a) referendum submitted to the
12481		-	voters under this chapter is voted on by the governing body, public in
12482		-	a primary or general election, the school corporation that is pursuing
12483		-	the resolution referendum and any charter school that has elected to
12484		-	participate under subsection (i) shall post a referendum disclosure
12485		-	statement on each school's respective website that contains the
12486		-	following information:
12487		-	(1) The salaries of all employees employed by position within the
12488		-	school corporation or charter school listed from highest salary to
12489		-	lowest salary and a link to Gateway Indiana for access to
12490		-	individual salaries.
12491		-	(2) An acknowledgment that the school corporation or charter
12492		-	school is not committing any crime described in IC 35-44.1-1.
12493		-	(3) A link to the school corporation's or charter school's most
12494		-	recent state board of accounts audit on the state board of accounts'
12495		-	website.
12496		-	(4) The current enrollment of the school corporation or charter
12497		-	school disaggregated by student group and race.
12498		-	(5) The school corporation's or charter school's high school
12499		-	graduation rate.
12500		-	(6) The school corporation's or charter school's annual retention
12501		-	rate for teachers for the previous five (5) years.
12502		-	SECTION 228. IC 20-46-9-9, AS AMENDED BY P.L.189-2023,
12503		-	SECTION 37, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
12504		-	JANUARY 1, 2026]: Sec. 9. (a) The question to be submitted to the
12505		-	voters in the referendum must read as follows:
12506		-	"Shall the school corporation increase property taxes paid to
12507		-	SEA 1 — Concur 292
12508		-	schools by homeowners and businesses for _____ (insert number
12509		-	of years) years immediately following the holding of the
12510		-	referendum for the purpose of funding ______ (insert short
12511		-	description of purposes)? If this public question is approved by
12512		-	the voters, the average property tax paid to schools per year on a
12513		-	residence would increase by ______% (insert the estimated
12514		-	average percentage of property tax increase paid to schools on a
12515		-	residence within the school corporation as determined under
12516		-	subsection (b)) and the average property tax paid to schools per
12517		-	year on a business property would increase by ______% (insert
12518		-	the estimated average percentage of property tax increase paid to
12519		-	schools on a business property within the school corporation as
12520		-	determined under subsection (c)). The most recent property tax
12521		-	referendum proposed by the school corporation was held in
12522		-	______ (insert year) and ________ (insert whether the measure
12523		-	passed or failed).".
12524		-	"Shall ________ (insert the name of the school corporation)
12525		-	increase property taxes paid to the school corporation for no
12526		-	more than ______ (insert the number of years immediately
12527		-	following the holding of the referendum) years for the
12528		-	purpose of funding _______ (insert a brief description of the
12529		-	purposes) by imposing a property tax rate that does not
12530		-	exceed ______ (insert property tax rate) and results in a
12531		-	maximum annual amount that does not exceed ______ (insert
12532		-	maximum amount of annual levy). If this school safety
12533		-	referendum public question is approved by the voters, for a
12534		-	median residence of ______ (insert the school corporation's
12535		-	median household assessed value, rounded up to the next fifty
12536		-	thousand dollars ($50,000)), the property's annual property
12537		-	tax bill would increase by ______ (insert dollar amount,
12538		-	rounded up to the next whole dollar) per year. (If, in the
12539		-	previous five (5) years, the school corporation has conducted
12540		-	a school safety referendum public question, the following shall
12541		-	also be included in the ballot language.) The most recent
12542		-	school safety referendum public question proposed by the
12543		-	school corporation was held in ______ (insert year) and
12544		-	______ (insert whether the measure passed or failed).".
12545		-	(b) At the request of the governing body of a school corporation that
12546		-	proposes to impose property taxes under this chapter, the county
12547		-	auditor of the county in which the school corporation is located shall
12548		-	determine the estimated average percentage of property tax increase on
12549		-	a homestead to be paid to the school corporation that must be included
12550		-	SEA 1 — Concur 293
12551		-	in the public question under subsection (a) as follows:
12552		-	STEP ONE: Determine the average assessed value of a homestead
12553		-	located within the school corporation.
12554		-	STEP TWO: For purposes of determining the net assessed value
12555		-	of the average homestead located within the school corporation,
12556		-	subtract:
12557		-	(A) an amount for the homestead standard deduction under
12558		-	IC 6-1.1-12-37 as if the homestead described in STEP ONE
12559		-	was eligible for the deduction; and
12560		-	(B) an amount for the supplemental homestead deduction
12561		-	under IC 6-1.1-12-37.5 as if the homestead described in STEP
12562		-	ONE was eligible for the deduction;
12563		-	from the result of STEP ONE.
12564		-	STEP THREE: Divide the result of STEP TWO by one hundred
12565		-	(100).
12566		-	STEP FOUR: Determine the overall average tax rate per one
12567		-	hundred dollars ($100) of assessed valuation for the current year
12568		-	imposed on property located within the school corporation.
12569		-	STEP FIVE: For purposes of determining net property tax liability
12570		-	of the average homestead located within the school corporation:
12571		-	(A) multiply the result of STEP THREE by the result of STEP
12572		-	FOUR; and
12573		-	(B) as appropriate, apply any currently applicable county
12574		-	property tax credit rates and the credit for excessive property
12575		-	taxes under IC 6-1.1-20.6-7.5(a)(1).
12576		-	STEP SIX: Determine the amount of the school corporation's part
12577		-	of the result determined in STEP FIVE.
12578		-	STEP SEVEN: Multiply:
12579		-	(A) the tax rate that will be imposed if the public question is
12580		-	approved by the voters; by
12581		-	(B) the result of STEP THREE.
12582		-	STEP EIGHT: Divide the result of STEP SEVEN by the result of
12583		-	STEP SIX, expressed as a percentage.
12584		-	(c) At the request of the governing body of a school corporation that
12585		-	proposes to impose property taxes under this chapter, the county
12586		-	auditor of the county in which the school corporation is located shall
12587		-	determine the estimated average percentage of property tax increase on
12588		-	a business property to be paid to the school corporation that must be
12589		-	included in the public question under subsection (a) as follows:
12590		-	STEP ONE: Determine the average assessed value of business
12591		-	property located within the school corporation.
12592		-	STEP TWO: Divide the result of STEP ONE by one hundred
12593		-	SEA 1 — Concur 294
12594		-	(100).
12595		-	STEP THREE: Determine the overall average tax rate per one
12596		-	hundred dollars ($100) of assessed valuation for the current year
12597		-	imposed on property located within the school corporation.
12598		-	STEP FOUR: For purposes of determining net property tax
12599		-	liability of the average business property located within the school
12600		-	corporation:
12601		-	(A) multiply the result of STEP TWO by the result of STEP
12602		-	THREE; and
12603		-	(B) as appropriate, apply any currently applicable county
12604		-	property tax credit rates and the credit for excessive property
12605		-	taxes under IC 6-1.1-20.6-7.5 as if the applicable percentage
12606		-	was three percent (3%).
12607		-	STEP FIVE: Determine the amount of the school corporation's
12608		-	part of the result determined in STEP FOUR.
12609		-	STEP SIX: Multiply:
12610		-	(A) the result of STEP TWO; by
12611		-	(B) the tax rate that will be imposed if the public question is
12612		-	approved by the voters.
12613		-	STEP SEVEN: Divide the result of STEP SIX by the result of
12614		-	STEP FIVE, expressed as a percentage.
12615		-	(d) The county auditor shall certify the estimated average
12616		-	percentage of property tax increase on a homestead to be paid to
12617		-	schools determined under subsection (b), and the estimated average
12618		-	percentage of property tax increase on a business property to be paid
12619		-	to schools determined under subsection (c), in a manner prescribed by
12620		-	the department of local government finance, and provide the
12621		-	certification to the governing body of the school corporation that
12622		-	proposes to impose property taxes.
12623		-	SECTION 229. IC 20-46-9-10, AS AMENDED BY P.L.236-2023,
12624		-	SECTION 156, IS AMENDED TO READ AS FOLLOWS
12625		-	[EFFECTIVE JANUARY 1, 2026]: Sec. 10. (a) This section applies
12626		-	only to a referendum to allow a school corporation to extend a
12627		-	referendum tax levy.
12628		-	(b) The question to be submitted to the voters in the referendum
12629		-	must read as follows:
12630		-	"Shall the school corporation continue to impose increased
12631		-	property taxes paid to the school corporation by homeowners and
12632		-	businesses for _____ (insert number of years) years immediately
12633		-	following the holding of the referendum for the purpose of
12634		-	funding ______ (insert short description of purposes)? The
12635		-	property tax increase requested in this referendum was originally
12636		-	SEA 1 — Concur 295
12637		-	approved by the voters in _______ (insert the year in which the
12638		-	referendum tax levy was approved) and if extended will increase
12639		-	the average property tax paid to the school corporation per year on
12640		-	a residence within the school corporation by ______% (insert the
12641		-	estimated average percentage of property tax increase on a
12642		-	residence within the school corporation) and if extended will
12643		-	increase the average property tax paid to the school corporation
12644		-	per year on a business property within the school corporation by
12645		-	______% (insert the estimated average percentage of property tax
12646		-	increase on a business within the school corporation).".
12647		-	"Shall _______ (insert the name of the school corporation)
12648		-	continue to increase property taxes paid to the school
12649		-	corporation for no more than _____ (insert the number of
12650		-	years immediately following the holding of the referendum)
12651		-	years for the purpose of funding _____________ (insert brief
12652		-	description of the purposes) by imposing a property tax rate
12653		-	that does not exceed ______ (insert property tax rate) and
12654		-	results in a maximum annual amount that does not exceed
12655		-	______ (insert maximum amount of annual levy). If this
12656		-	school safety referendum public question is NOT approved by
12657		-	the voters, for a median residence of __________ (insert the
12658		-	school corporation's median household assessed value,
12659		-	rounded up to the next fifty thousand dollars ($50,000)), the
12660		-	property's annual tax bill would decrease by ______ (insert
12661		-	dollar amount, rounded up to the next whole dollar) per year.
12662		-	If this school safety referendum public question is approved
12663		-	by the voters, it would be a renewal of the most recent school
12664		-	safety referendum public question passed in ______ (insert
12665		-	year the original operating referendum public question
12666		-	passed) with a property tax rate of ______ (insert property
12667		-	tax rate of the original school safety referendum public
12668		-	question).".
12669		-	(c) The number of years for which a referendum tax levy may be
12670		-	extended if the public question under this section is approved may not
12671		-	exceed the number of years for which the expiring referendum tax levy
12672		-	was imposed.
12673		-	(d) At the request of the governing body of a school corporation that
12674		-	proposes to impose property taxes under this chapter, the county
12675		-	auditor of the county in which the school corporation is located shall
12676		-	determine the estimated average percentage of property tax increase on
12677		-	a homestead to be paid to the school corporation that must be included
12678		-	in the public question under subsection (b) as follows:
12679		-	SEA 1 — Concur 296
12680		-	STEP ONE: Determine the average assessed value of a homestead
12681		-	located within the school corporation.
12682		-	STEP TWO: For purposes of determining the net assessed value
12683		-	of the average homestead located within the school corporation,
12684		-	subtract:
12685		-	(A) an amount for the homestead standard deduction under
12686		-	IC 6-1.1-12-37 as if the homestead described in STEP ONE
12687		-	was eligible for the deduction; and
12688		-	(B) an amount for the supplemental homestead deduction
12689		-	under IC 6-1.1-12-37.5 as if the homestead described in STEP
12690		-	ONE was eligible for the deduction;
12691		-	from the result of STEP ONE.
12692		-	STEP THREE: Divide the result of STEP TWO by one hundred
12693		-	(100).
12694		-	STEP FOUR: Determine the overall average tax rate per one
12695		-	hundred dollars ($100) of assessed valuation for the current year
12696		-	imposed on property located within the school corporation.
12697		-	STEP FIVE: For purposes of determining net property tax liability
12698		-	of the average homestead located within the school corporation:
12699		-	(A) multiply the result of STEP THREE by the result of STEP
12700		-	FOUR; and
12701		-	(B) as appropriate, apply any currently applicable county
12702		-	property tax credit rates and the credit for excessive property
12703		-	taxes under IC 6-1.1-20.6-7.5(a)(1).
12704		-	STEP SIX: Determine the amount of the school corporation's part
12705		-	of the result determined in STEP FIVE.
12706		-	STEP SEVEN: Multiply:
12707		-	(A) the tax rate that will be imposed if the public question is
12708		-	approved by the voters; by
12709		-	(B) the result of STEP THREE.
12710		-	STEP EIGHT: Divide the result of STEP SEVEN by the result of
12711		-	STEP SIX, expressed as a percentage.
12712		-	(e) At the request of the governing body of a school corporation that
12713		-	proposes to impose property taxes under this chapter, the county
12714		-	auditor of the county in which the school corporation is located shall
12715		-	determine the estimated average percentage of property tax increase on
12716		-	a business property to be paid to the school corporation that must be
12717		-	included in the public question under subsection (b) as follows:
12718		-	STEP ONE: Determine the average assessed value of business
12719		-	property located within the school corporation.
12720		-	STEP TWO: Divide the result of STEP ONE by one hundred
12721		-	(100).
12722		-	SEA 1 — Concur 297
12723		-	STEP THREE: Determine the overall average tax rate per one
12724		-	hundred dollars ($100) of assessed valuation for the current year
12725		-	imposed on property located within the school corporation.
12726		-	STEP FOUR: For purposes of determining net property tax
12727		-	liability of the average business property located within the school
12728		-	corporation:
12729		-	(A) multiply the result of STEP TWO by the result of STEP
12730		-	THREE; and
12731		-	(B) as appropriate, apply any currently applicable county
12732		-	property tax credit rates and the credit for excessive property
12733		-	taxes under IC 6-1.1-20.6-7.5 as if the applicable percentage
12734		-	was three percent (3%).
12735		-	STEP FIVE: Determine the amount of the school corporation's
12736		-	part of the result determined in STEP FOUR.
12737		-	STEP SIX: Multiply:
12738		-	(A) the result of STEP TWO; by
12739		-	(B) the tax rate that will be imposed if the public question is
12740		-	approved by the voters.
12741		-	STEP SEVEN: Divide the result of STEP SIX by the result of
12742		-	STEP FIVE, expressed as a percentage.
12743		-	(f) The county auditor shall certify the estimated average percentage
12744		-	of property tax increase on a homestead to be paid to the school
12745		-	corporation determined under subsection (d), and the estimated average
12746		-	percentage of property tax increase on a business property to be paid
12747		-	to the school corporation determined under subsection (e), in a manner
12748		-	prescribed by the department of local government finance, and provide
12749		-	the certification to the governing body of the school corporation that
12750		-	proposes to impose property taxes.
12751		-	SECTION 230. IC 20-46-9-10.5 IS ADDED TO THE INDIANA
12752		-	CODE AS A NEW SECTION TO READ AS FOLLOWS
12753		-	[EFFECTIVE JULY 1, 2025]: Sec. 10.5. Each year, the county
12754		-	auditor, with cooperation from the department of local
12755		-	government finance, shall determine the tax rate needed to raise
12756		-	the maximum amount of the annual levy for the year as described
12757		-	under section 9 or 10 of this chapter, as applicable, and shall
12758		-	determine all other information needed for the ballot language in
12759		-	those sections.
12760		-	SECTION 231. IC 20-46-9-14, AS AMENDED BY P.L.227-2023,
12761		-	SECTION 136, IS AMENDED TO READ AS FOLLOWS
12762		-	[EFFECTIVE JULY 1, 2025]: Sec. 14. (a) The referendum shall be
12763		-	held in the next primary election general election, or municipal election
12764		-	as provided under IC 3-10-9-3(b), in which all the registered voters
12765		-	SEA 1 — Concur 298
12766		-	who are residents of the school corporation are entitled to vote after
12767		-	certification of the question. under IC 3-10-9-3. The certification of the
12768		-	question must occur not later than noon
12769		-	(1) seventy-four (74) days before a primary election if the
12770		-	question is to be placed on the primary or municipal primary
12771		-	election ballot; or
12772		-	(2) August 1. if the question is to be placed on the general or
12773		-	municipal election ballot.
12774		-	(b) However, if a primary election, general election, or municipal
12775		-	election will not be held during the first year in which the public
12776		-	question is eligible to be placed on the ballot under this chapter and if
12777		-	the school corporation requests the public question to be placed on the
12778		-	ballot at a special election, the public question shall be placed on the
12779		-	ballot at a special election to be held on the first Tuesday after the first
12780		-	Monday in May or November of the year. The certification must occur
12781		-	not later than noon:
12782		-	(1) seventy-four (74) days before a special election to be held in
12783		-	May (if the special election is to be held in May); or
12784		-	(2) August 1 (if the special election is to be held in November).
12785		-	(c) If the referendum is not conducted at a primary election, general
12786		-	election, or municipal election, the school corporation in which the
12787		-	referendum is to be held shall pay all the costs of holding the
12788		-	referendum.
12789		-	SECTION 232. IC 20-46-9-22, AS ADDED BY P.L.189-2023,
12790		-	SECTION 38, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
12791		-	JULY 1, 2025]: Sec. 22. (a) This section:
12792		-	(1) applies to revenue received from a resolution that is approved
12793		-	by the governing body to impose a referendum levy under section
12794		-	6 or 7 of this chapter after May 10, 2023, for a school corporation
12795		-	located in:
12796		-	(1) (A) Lake County;
12797		-	(2) (B) Marion County;
12798		-	(3) (C) St. Joseph County; or
12799		-	(4) (D) Vanderburgh County;
12800		-	through the full term of the referendum levy; and
12801		-	(2) does not apply to revenue received from a referendum levy
12802		-	if:
12803		-	(A) the governing body of the school corporation approves
12804		-	the referendum levy in a resolution adopted under section
12805		-	6 or 7 of this chapter; and
12806		-	(B) the referendum levy is imposed for the first time with
12807		-	property taxes first due and payable in a calendar year
12808		-	SEA 1 — Concur 299
12809		-	beginning after December 31, 2027.
12810		-	(b) The county auditor shall distribute an amount under subsection
12811		-	(d) to each charter school, excluding virtual charter schools or adult
12812		-	high schools, that a student who resides within the attendance area of
12813		-	the school corporation attends if the charter school, excluding virtual
12814		-	charter schools or adult high schools, elects to participate in the
12815		-	referendum under section 6(i) of this chapter. The department shall
12816		-	provide the county auditor with data and information necessary for the
12817		-	county auditor to determine:
12818		-	(1) which charter schools, excluding virtual charter schools or
12819		-	adult high schools, are eligible to receive a distribution under this
12820		-	section; and
12821		-	(2) the number of all students who reside within the attendance
12822		-	area of the school corporation who are included in the ADM for
12823		-	each charter school, excluding virtual charter schools or adult
12824		-	high schools, described in subdivision (1).
12825		-	(c) The following schools are not eligible to receive a distribution
12826		-	under this section:
12827		-	(1) A virtual charter school.
12828		-	(2) An adult high school.
12829		-	(d) For the purposes of the calculations made in this subsection,
12830		-	each eligible school that has entered into an agreement with a school
12831		-	corporation to participate as a participating innovation network charter
12832		-	school under IC 20-25.7-5 is considered to have an ADM that is
12833		-	separate from the school corporation. The amount that the county
12834		-	auditor shall distribute to a charter school, excluding virtual charter
12835		-	schools or adult high schools, under this section is the amount
12836		-	determined in the last STEP of the following STEPS:
12837		-	STEP ONE: Determine, for each charter school, excluding virtual
12838		-	charter schools or adult high schools, that is eligible to receive a
12839		-	distribution under this section, the number of students who reside
12840		-	within the attendance area of the school corporation who are
12841		-	currently included in the ADM of the charter school.
12842		-	STEP TWO: Determine the sum of:
12843		-	(A) the current ADM count for the school corporation; plus
12844		-	(B) the total number of students who reside within the
12845		-	attendance area of the school corporation who are currently
12846		-	included in the ADM of a charter school, excluding virtual
12847		-	charter schools or adult high schools.
12848		-	STEP THREE: Determine the result of:
12849		-	(A) the STEP ONE amount; divided by
12850		-	(B) the STEP TWO amount.
12851		-	SEA 1 — Concur 300
12852		-	STEP FOUR: Determine the result of:
12853		-	(A) the STEP THREE amount; multiplied by
12854		-	(B) the amount collected by the county auditor during the most
12855		-	recent installment period.
12856		-	(e) If a charter school receives a distribution under this section, the
12857		-	distribution may be used only for the purposes described in
12858		-	IC 20-40-20-6(a).
12859		-	SECTION 233. IC 36-1-8-5.1, AS AMENDED BY P.L.38-2021,
12860		-	SECTION 79, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
12861		-	JULY 1, 2026]: Sec. 5.1. (a) A political subdivision may establish a
12862		-	rainy day fund by the adoption of:
12863		-	(1) an ordinance, in the case of a county, city, or town; or
12864		-	(2) a resolution, in the case of any other political subdivision.
12865		-	(b) An ordinance or a resolution adopted under this section must
12866		-	specify the following:
12867		-	(1) The purposes of the rainy day fund.
12868		-	(2) The sources of funding for the rainy day fund, which may
12869		-	include the following:
12870		-	(A) Unused and unencumbered funds under
12871		-	(i) section 5 of this chapter. or
12872		-	(ii) IC 6-3.6-9-15.
12873		-	(B) Any other funding source:
12874		-	(i) specified in the ordinance or resolution adopted under
12875		-	this section; and
12876		-	(ii) not otherwise prohibited by law.
12877		-	(c) The rainy day fund is subject to the same appropriation process
12878		-	as other funds that receive tax money.
12879		-	(d) In any fiscal year, a political subdivision may, at any time, do the
12880		-	following:
12881		-	(1) Transfer any unused and unencumbered funds specified in
12882		-	subsection (b)(2)(A) from any fiscal year to the rainy day fund.
12883		-	(2) Transfer any other unobligated cash balances from any fiscal
12884		-	year that are not otherwise identified in subsection (b)(2)(A) or
12885		-	section 5 of this chapter to the rainy day fund as long as the
12886		-	transfer satisfies the following requirements:
12887		-	(A) The amount of the transfer is authorized by and identified
12888		-	in an ordinance or resolution.
12889		-	(B) The amount of the transfer is not more than:
12890		-	(i) before January 1, 2021, ten percent (10%);
12891		-	(ii) after December 31, 2020, and before January 1, 2025,
12892		-	fifteen percent (15%); and
12893		-	(iii) after December 31, 2024, ten percent (10%);
12894		-	SEA 1 — Concur 301
12895		-	of the political subdivision's total annual budget adopted under
12896		-	IC 6-1.1-17 for that fiscal year.
12897		-	(C) The transfer is not made from a debt service fund.
12898		-	(e) A political subdivision may use only the funding sources
12899		-	specified in subsection (b)(2)(A) or in the ordinance or resolution
12900		-	establishing the rainy day fund. The political subdivision may adopt a
12901		-	subsequent ordinance or resolution authorizing the use of another
12902		-	funding source.
12903		-	(f) The department of local government finance may not reduce the
12904		-	actual or maximum permissible levy of a political subdivision as a
12905		-	result of a balance in the rainy day fund of the political subdivision.
12906		-	(g) A county, city, or town may at any time, by ordinance or
12907		-	resolution, transfer to:
12908		-	(1) its general fund; or
12909		-	(2) any other appropriated funds of the county, city, or town;
12910		-	money that has been deposited in the rainy day fund of the county, city,
12911		-	or town.
12912		-	(h) A school corporation may at any time, by resolution, transfer to
12913		-	its education fund or operations fund money that has been deposited in
12914		-	its rainy day fund.
12915		-	SECTION 234. IC 36-7-14-39, AS AMENDED BY P.L.136-2024,
12916		-	SECTION 54, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
12917		-	JULY 1, 2027]: Sec. 39. (a) As used in this section:
12918		-	"Allocation area" means that part of a redevelopment project area
12919		-	to which an allocation provision of a declaratory resolution adopted
12920		-	under section 15 of this chapter refers for purposes of distribution and
12921		-	allocation of property taxes.
12922		-	"Base assessed value" means, subject to subsection (j), the
12923		-	following:
12924		-	(1) If an allocation provision is adopted after June 30, 1995, in a
12925		-	declaratory resolution or an amendment to a declaratory
12926		-	resolution establishing an economic development area:
12927		-	(A) the net assessed value of all the property as finally
12928		-	determined for the assessment date immediately preceding the
12929		-	effective date of the allocation provision of the declaratory
12930		-	resolution, as adjusted under subsection (h); plus
12931		-	(B) to the extent that it is not included in clause (A), the net
12932		-	assessed value of property that is assessed as residential
12933		-	property under the rules of the department of local government
12934		-	finance, within the allocation area, as finally determined for
12935		-	the current assessment date.
12936		-	(2) If an allocation provision is adopted after June 30, 1997, in a
12937		-	SEA 1 — Concur 302
12938		-	declaratory resolution or an amendment to a declaratory
12939		-	resolution establishing a redevelopment project area:
12940		-	(A) the net assessed value of all the property as finally
12941		-	determined for the assessment date immediately preceding the
12942		-	effective date of the allocation provision of the declaratory
12943		-	resolution, as adjusted under subsection (h); plus
12944		-	(B) to the extent that it is not included in clause (A), the net
12945		-	assessed value of property that is assessed as residential
12946		-	property under the rules of the department of local government
12947		-	finance, as finally determined for the current assessment date.
12948		-	(3) If:
12949		-	(A) an allocation provision adopted before June 30, 1995, in
12950		-	a declaratory resolution or an amendment to a declaratory
12951		-	resolution establishing a redevelopment project area expires
12952		-	after June 30, 1997; and
12953		-	(B) after June 30, 1997, a new allocation provision is included
12954		-	in an amendment to the declaratory resolution;
12955		-	the net assessed value of all the property as finally determined for
12956		-	the assessment date immediately preceding the effective date of
12957		-	the allocation provision adopted after June 30, 1997, as adjusted
12958		-	under subsection (h).
12959		-	(4) Except as provided in subdivision (5), for all other allocation
12960		-	areas, the net assessed value of all the property as finally
12961		-	determined for the assessment date immediately preceding the
12962		-	effective date of the allocation provision of the declaratory
12963		-	resolution, as adjusted under subsection (h).
12964		-	(5) If an allocation area established in an economic development
12965		-	area before July 1, 1995, is expanded after June 30, 1995, the
12966		-	definition in subdivision (1) applies to the expanded part of the
12967		-	area added after June 30, 1995.
12968		-	(6) If an allocation area established in a redevelopment project
12969		-	area before July 1, 1997, is expanded after June 30, 1997, the
12970		-	definition in subdivision (2) applies to the expanded part of the
12971		-	area added after June 30, 1997.
12972		-	Except as provided in section 39.3 of this chapter, "property taxes"
12973		-	means taxes imposed under IC 6-1.1 on real property. However, upon
12974		-	approval by a resolution of the redevelopment commission adopted
12975		-	before June 1, 1987, "property taxes" also includes taxes imposed
12976		-	under IC 6-1.1 on depreciable personal property. If a redevelopment
12977		-	commission adopted before June 1, 1987, a resolution to include within
12978		-	the definition of property taxes, taxes imposed under IC 6-1.1 on
12979		-	depreciable personal property that has a useful life in excess of eight
12980		-	SEA 1 — Concur 303
12981		-	(8) years, the commission may by resolution determine the percentage
12982		-	of taxes imposed under IC 6-1.1 on all depreciable personal property
12983		-	that will be included within the definition of property taxes. However,
12984		-	the percentage included must not exceed twenty-five percent (25%) of
12985		-	the taxes imposed under IC 6-1.1 on all depreciable personal property.
12986		-	(b) A declaratory resolution adopted under section 15 of this chapter
12987		-	on or before the allocation deadline determined under subsection (i)
12988		-	may include a provision with respect to the allocation and distribution
12989		-	of property taxes for the purposes and in the manner provided in this
12990		-	section. A declaratory resolution previously adopted may include an
12991		-	allocation provision by the amendment of that declaratory resolution on
12992		-	or before the allocation deadline determined under subsection (i) in
12993		-	accordance with the procedures required for its original adoption. A
12994		-	declaratory resolution or amendment that establishes an allocation
12995		-	provision must include a specific finding of fact, supported by
12996		-	evidence, that the adoption of the allocation provision will result in
12997		-	new property taxes in the area that would not have been generated but
12998		-	for the adoption of the allocation provision. For an allocation area
12999		-	established before July 1, 1995, the expiration date of any allocation
13000		-	provisions for the allocation area is June 30, 2025, or the last date of
13001		-	any obligations that are outstanding on July 1, 2015, whichever is later.
13002		-	A declaratory resolution or an amendment that establishes an allocation
13003		-	provision after June 30, 1995, must specify an expiration date for the
13004		-	allocation provision. For an allocation area established before July 1,
13005		-	2008, the expiration date may not be more than thirty (30) years after
13006		-	the date on which the allocation provision is established. For an
13007		-	allocation area established after June 30, 2008, the expiration date may
13008		-	not be more than twenty-five (25) years after the date on which the first
13009		-	obligation was incurred to pay principal and interest on bonds or lease
13010		-	rentals on leases payable from tax increment revenues. However, with
13011		-	respect to bonds or other obligations that were issued before July 1,
13012		-	2008, if any of the bonds or other obligations that were scheduled when
13013		-	issued to mature before the specified expiration date and that are
13014		-	payable only from allocated tax proceeds with respect to the allocation
13015		-	area remain outstanding as of the expiration date, the allocation
13016		-	provision does not expire until all of the bonds or other obligations are
13017		-	no longer outstanding. Notwithstanding any other law, in the case of an
13018		-	allocation area that is established after June 30, 2019, and that is
13019		-	located in a redevelopment project area described in section
13020		-	25.1(c)(3)(C) of this chapter, an economic development area described
13021		-	in section 25.1(c)(3)(C) of this chapter, or an urban renewal project
13022		-	area described in section 25.1(c)(3)(C) of this chapter, the expiration
13023		-	SEA 1 — Concur 304
13024		-	date of the allocation provision may not be more than thirty-five (35)
13025		-	years after the date on which the allocation provision is established.
13026		-	The allocation provision may apply to all or part of the redevelopment
13027		-	project area. The allocation provision must require that any property
13028		-	taxes subsequently levied by or for the benefit of any public body
13029		-	entitled to a distribution of property taxes on taxable property in the
13030		-	allocation area be allocated and distributed as follows:
13031		-	(1) Except as otherwise provided in this section, the proceeds of
13032		-	the taxes attributable to the lesser of:
13033		-	(A) the assessed value of the property for the assessment date
13034		-	with respect to which the allocation and distribution is made;
13035		-	or
13036		-	(B) the base assessed value;
13037		-	shall be allocated to and, when collected, paid into the funds of
13038		-	the respective taxing units.
13039		-	(2) This subdivision applies to a fire protection territory
13040		-	established after December 31, 2022. If a unit becomes a
13041		-	participating unit of a fire protection territory that is established
13042		-	after a declaratory resolution is adopted under section 15 of this
13043		-	chapter, the excess of the proceeds of the property taxes
13044		-	attributable to an increase in the property tax rate for the
13045		-	participating unit of a fire protection territory:
13046		-	(A) except as otherwise provided by this subdivision, shall be
13047		-	determined as follows:
13048		-	STEP ONE: Divide the unit's tax rate for fire protection for
13049		-	the year before the establishment of the fire protection
13050		-	territory by the participating unit's tax rate as part of the fire
13051		-	protection territory.
13052		-	STEP TWO: Subtract the STEP ONE amount from one (1).
13053		-	STEP THREE: Multiply the STEP TWO amount by the
13054		-	allocated property tax attributable to the participating unit of
13055		-	the fire protection territory; and
13056		-	(B) to the extent not otherwise included in subdivisions (1)
13057		-	and (3), the amount determined under STEP THREE of clause
13058		-	(A) shall be allocated to and distributed in the form of an
13059		-	allocated property tax revenue pass back to the participating
13060		-	unit of the fire protection territory for the assessment date with
13061		-	respect to which the allocation is made.
13062		-	However, if the redevelopment commission determines that it is
13063		-	unable to meet its debt service obligations with regards to the
13064		-	allocation area without all or part of the allocated property tax
13065		-	revenue pass back to the participating unit of a fire protection area
13066		-	SEA 1 — Concur 305
13067		-	under this subdivision, then the allocated property tax revenue
13068		-	pass back under this subdivision shall be reduced by the amount
13069		-	necessary for the redevelopment commission to meet its debt
13070		-	service obligations of the allocation area. The calculation under
13071		-	this subdivision must be made by the redevelopment commission
13072		-	in collaboration with the county auditor and the applicable fire
13073		-	protection territory. Any calculation determined according to
13074		-	clause (A) must be submitted to the department of local
13075		-	government finance in the manner prescribed by the department
13076		-	of local government finance. The department of local government
13077		-	finance shall verify the accuracy of each calculation.
13078		-	(3) The excess of the proceeds of the property taxes imposed for
13079		-	the assessment date with respect to which the allocation and
13080		-	distribution is made that are attributable to taxes imposed after
13081		-	being approved by the voters in a referendum or local public
13082		-	question conducted after April 30, 2010, not otherwise included
13083		-	in subdivisions (1) and (2) shall be allocated to and, when
13084		-	collected, paid into the funds of the taxing unit for which the
13085		-	referendum or local public question was conducted.
13086		-	(4) Except as otherwise provided in this section, property tax
13087		-	proceeds in excess of those described in subdivisions (1), (2), and
13088		-	(3) shall be allocated to the redevelopment district and, when
13089		-	collected, paid into an allocation fund for that allocation area that
13090		-	may be used by the redevelopment district only to do one (1) or
13091		-	more of the following:
13092		-	(A) Pay the principal of and interest on any obligations
13093		-	payable solely from allocated tax proceeds which are incurred
13094		-	by the redevelopment district for the purpose of financing or
13095		-	refinancing the redevelopment of that allocation area.
13096		-	(B) Establish, augment, or restore the debt service reserve for
13097		-	bonds payable solely or in part from allocated tax proceeds in
13098		-	that allocation area.
13099		-	(C) Pay the principal of and interest on bonds payable from
13100		-	allocated tax proceeds in that allocation area and from the
13101		-	special tax levied under section 27 of this chapter.
13102		-	(D) Pay the principal of and interest on bonds issued by the
13103		-	unit to pay for local public improvements that are physically
13104		-	located in or physically connected to that allocation area.
13105		-	(E) Pay premiums on the redemption before maturity of bonds
13106		-	payable solely or in part from allocated tax proceeds in that
13107		-	allocation area.
13108		-	(F) Make payments on leases payable from allocated tax
13109		-	SEA 1 — Concur 306
13110		-	proceeds in that allocation area under section 25.2 of this
13111		-	chapter.
13112		-	(G) Reimburse the unit for expenditures made by it for local
13113		-	public improvements (which include buildings, parking
13114		-	facilities, and other items described in section 25.1(a) of this
13115		-	chapter) that are physically located in or physically connected
13116		-	to that allocation area.
13117		-	(H) Reimburse the unit for rentals paid by it for a building or
13118		-	parking facility that is physically located in or physically
13119		-	connected to that allocation area under any lease entered into
13120		-	under IC 36-1-10.
13121		-	(I) For property taxes first due and payable before January 1,
13122		-	2009, pay all or a part of a property tax replacement credit to
13123		-	taxpayers in an allocation area as determined by the
13124		-	redevelopment commission. This credit equals the amount
13125		-	determined under the following STEPS for each taxpayer in a
13126		-	taxing district (as defined in IC 6-1.1-1-20) that contains all or
13127		-	part of the allocation area:
13128		-	STEP ONE: Determine that part of the sum of the amounts
13129		-	under IC 6-1.1-21-2(g)(1)(A), IC 6-1.1-21-2(g)(2),
13130		-	IC 6-1.1-21-2(g)(3), IC 6-1.1-21-2(g)(4), and
13131		-	IC 6-1.1-21-2(g)(5) (before their repeal) that is attributable to
13132		-	the taxing district.
13133		-	STEP TWO: Divide:
13134		-	(i) that part of each county's eligible property tax
13135		-	replacement amount (as defined in IC 6-1.1-21-2 (before its
13136		-	repeal)) for that year as determined under IC 6-1.1-21-4
13137		-	(before its repeal) that is attributable to the taxing district;
13138		-	by
13139		-	(ii) the STEP ONE sum.
13140		-	STEP THREE: Multiply:
13141		-	(i) the STEP TWO quotient; times
13142		-	(ii) the total amount of the taxpayer's taxes (as defined in
13143		-	IC 6-1.1-21-2 (before its repeal)) levied in the taxing district
13144		-	that have been allocated during that year to an allocation
13145		-	fund under this section.
13146		-	If not all the taxpayers in an allocation area receive the credit
13147		-	in full, each taxpayer in the allocation area is entitled to
13148		-	receive the same proportion of the credit. A taxpayer may not
13149		-	receive a credit under this section and a credit under section
13150		-	39.5 of this chapter (before its repeal) in the same year.
13151		-	(J) Pay expenses incurred by the redevelopment commission
13152		-	SEA 1 — Concur 307
13153		-	for local public improvements that are in the allocation area or
13154		-	serving the allocation area. Public improvements include
13155		-	buildings, parking facilities, and other items described in
13156		-	section 25.1(a) of this chapter.
13157		-	(K) Reimburse public and private entities for expenses
13158		-	incurred in training employees of industrial facilities that are
13159		-	located:
13160		-	(i) in the allocation area; and
13161		-	(ii) on a parcel of real property that has been classified as
13162		-	industrial property under the rules of the department of local
13163		-	government finance.
13164		-	However, the total amount of money spent for this purpose in
13165		-	any year may not exceed the total amount of money in the
13166		-	allocation fund that is attributable to property taxes paid by the
13167		-	industrial facilities described in this clause. The
13168		-	reimbursements under this clause must be made within three
13169		-	(3) years after the date on which the investments that are the
13170		-	basis for the increment financing are made.
13171		-	(L) Pay the costs of carrying out an eligible efficiency project
13172		-	(as defined in IC 36-9-41-1.5) within the unit that established
13173		-	the redevelopment commission. However, property tax
13174		-	proceeds may be used under this clause to pay the costs of
13175		-	carrying out an eligible efficiency project only if those
13176		-	property tax proceeds exceed the amount necessary to do the
13177		-	following:
13178		-	(i) Make, when due, any payments required under clauses
13179		-	(A) through (K), including any payments of principal and
13180		-	interest on bonds and other obligations payable under this
13181		-	subdivision, any payments of premiums under this
13182		-	subdivision on the redemption before maturity of bonds, and
13183		-	any payments on leases payable under this subdivision.
13184		-	(ii) Make any reimbursements required under this
13185		-	subdivision.
13186		-	(iii) Pay any expenses required under this subdivision.
13187		-	(iv) Establish, augment, or restore any debt service reserve
13188		-	under this subdivision.
13189		-	(M) Expend money and provide financial assistance as
13190		-	authorized in section 12.2(a)(27) of this chapter.
13191		-	(N) Expend revenues that are allocated for police and fire
13192		-	services on both capital expenditures and operating expenses
13193		-	as authorized in section 12.2(a)(28) of this chapter.
13194		-	The allocation fund may not be used for operating expenses of the
13195		-	SEA 1 — Concur 308
13196		-	commission.
13197		-	(5) Except as provided in subsection (g), before June 15 of each
13198		-	year, the commission shall do the following:
13199		-	(A) Determine the amount, if any, by which the assessed value
13200		-	of the taxable property in the allocation area for the most
13201		-	recent assessment date minus the base assessed value, when
13202		-	multiplied by the estimated tax rate of the allocation area, will
13203		-	exceed the amount of assessed value needed to produce the
13204		-	property taxes necessary to make, when due, principal and
13205		-	interest payments on bonds described in subdivision (4), plus
13206		-	the amount necessary for other purposes described in
13207		-	subdivision (4).
13208		-	(B) Provide a written notice to the county auditor, the fiscal
13209		-	body of the county or municipality that established the
13210		-	department of redevelopment, and the officers who are
13211		-	authorized to fix budgets, tax rates, and tax levies under
13212		-	IC 6-1.1-17-5 for each of the other taxing units that is wholly
13213		-	or partly located within the allocation area. The county auditor,
13214		-	upon receiving the notice, shall forward this notice (in an
13215		-	electronic format) to the department of local government
13216		-	finance not later than June 15 of each year. The notice must:
13217		-	(i) state the amount, if any, of excess assessed value that the
13218		-	commission has determined may be allocated to the
13219		-	respective taxing units in the manner prescribed in
13220		-	subdivision (1); or
13221		-	(ii) state that the commission has determined that there is no
13222		-	excess assessed value that may be allocated to the respective
13223		-	taxing units in the manner prescribed in subdivision (1).
13224		-	The county auditor shall allocate to the respective taxing units
13225		-	the amount, if any, of excess assessed value determined by the
13226		-	commission. The commission may not authorize an allocation
13227		-	of assessed value to the respective taxing units under this
13228		-	subdivision if to do so would endanger the interests of the
13229		-	holders of bonds described in subdivision (4) or lessors under
13230		-	section 25.3 of this chapter.
13231		-	(C) If:
13232		-	(i) the amount of excess assessed value determined by the
13233		-	commission is expected to generate more than two hundred
13234		-	percent (200%) of the amount of allocated tax proceeds
13235		-	necessary to make, when due, principal and interest
13236		-	payments on bonds described in subdivision (4); plus
13237		-	(ii) the amount necessary for other purposes described in
13238		-	SEA 1 — Concur 309
13239		-	subdivision (4);
13240		-	the commission shall submit to the legislative body of the unit
13241		-	its determination of the excess assessed value that the
13242		-	commission proposes to allocate to the respective taxing units
13243		-	in the manner prescribed in subdivision (1). The legislative
13244		-	body of the unit may approve the commission's determination
13245		-	or modify the amount of the excess assessed value that will be
13246		-	allocated to the respective taxing units in the manner
13247		-	prescribed in subdivision (1).
13248		-	(6) Notwithstanding subdivision (5), in the case of an allocation
13249		-	area that is established after June 30, 2019, and that is located in
13250		-	a redevelopment project area described in section 25.1(c)(3)(C)
13251		-	of this chapter, an economic development area described in
13252		-	section 25.1(c)(3)(C) of this chapter, or an urban renewal project
13253		-	area described in section 25.1(c)(3)(C) of this chapter, for each
13254		-	year the allocation provision is in effect, if the amount of excess
13255		-	assessed value determined by the commission under subdivision
13256		-	(5)(A) is expected to generate more than two hundred percent
13257		-	(200%) of:
13258		-	(A) the amount of allocated tax proceeds necessary to make,
13259		-	when due, principal and interest payments on bonds described
13260		-	in subdivision (4) for the project; plus
13261		-	(B) the amount necessary for other purposes described in
13262		-	subdivision (4) for the project;
13263		-	the amount of the excess assessed value that generates more than
13264		-	two hundred percent (200%) of the amounts described in clauses
13265		-	(A) and (B) shall be allocated to the respective taxing units in the
13266		-	manner prescribed by subdivision (1).
13267		-	(c) For the purpose of allocating taxes levied by or for any taxing
13268		-	unit or units, the assessed value of taxable property in a territory in the
13269		-	allocation area that is annexed by any taxing unit after the effective
13270		-	date of the allocation provision of the declaratory resolution is the
13271		-	lesser of:
13272		-	(1) the assessed value of the property for the assessment date with
13273		-	respect to which the allocation and distribution is made; or
13274		-	(2) the base assessed value.
13275		-	(d) Property tax proceeds allocable to the redevelopment district
13276		-	under subsection (b)(4) may, subject to subsection (b)(5), be
13277		-	irrevocably pledged by the redevelopment district for payment as set
13278		-	forth in subsection (b)(4).
13279		-	(e) Notwithstanding any other law, each assessor shall, upon
13280		-	petition of the redevelopment commission, reassess the taxable
13281		-	SEA 1 — Concur 310
13282		-	property situated upon or in, or added to, the allocation area, effective
13283		-	on the next assessment date after the petition.
13284		-	(f) Notwithstanding any other law, the assessed value of all taxable
13285		-	property in the allocation area, for purposes of tax limitation, property
13286		-	tax replacement, and formulation of the budget, tax rate, and tax levy
13287		-	for each political subdivision in which the property is located is the
13288		-	lesser of:
13289		-	(1) the assessed value of the property as valued without regard to
13290		-	this section; or
13291		-	(2) the base assessed value.
13292		-	(g) If any part of the allocation area is located in an enterprise zone
13293		-	created under IC 5-28-15, the unit that designated the allocation area
13294		-	shall create funds as specified in this subsection. A unit that has
13295		-	obligations, bonds, or leases payable from allocated tax proceeds under
13296		-	subsection (b)(4) shall establish an allocation fund for the purposes
13297		-	specified in subsection (b)(4) and a special zone fund. Such a unit
13298		-	shall, until the end of the enterprise zone phase out period, deposit each
13299		-	year in the special zone fund any amount in the allocation fund derived
13300		-	from property tax proceeds in excess of those described in subsection
13301		-	(b)(1), (b)(2), and (b)(3) from property located in the enterprise zone
13302		-	that exceeds the amount sufficient for the purposes specified in
13303		-	subsection (b)(4) for the year. The amount sufficient for purposes
13304		-	specified in subsection (b)(4) for the year shall be determined based on
13305		-	the pro rata portion of such current property tax proceeds from the part
13306		-	of the enterprise zone that is within the allocation area as compared to
13307		-	all such current property tax proceeds derived from the allocation area.
13308		-	A unit that has no obligations, bonds, or leases payable from allocated
13309		-	tax proceeds under subsection (b)(4) shall establish a special zone fund
13310		-	and deposit all the property tax proceeds in excess of those described
13311		-	in subsection (b)(1), (b)(2), and (b)(3) in the fund derived from
13312		-	property tax proceeds in excess of those described in subsection (b)(1),
13313		-	(b)(2), and (b)(3) from property located in the enterprise zone. The unit
13314		-	that creates the special zone fund shall use the fund (based on the
13315		-	recommendations of the urban enterprise association) for programs in
13316		-	job training, job enrichment, and basic skill development that are
13317		-	designed to benefit residents and employers in the enterprise zone or
13318		-	other purposes specified in subsection (b)(4), except that where
13319		-	reference is made in subsection (b)(4) to allocation area it shall refer
13320		-	for purposes of payments from the special zone fund only to that part
13321		-	of the allocation area that is also located in the enterprise zone. Those
13322		-	programs shall reserve at least one-half (1/2) of their enrollment in any
13323		-	session for residents of the enterprise zone.
13324		-	SEA 1 — Concur 311
13325		-	(h) The state board of accounts and department of local government
13326		-	finance shall make the rules and prescribe the forms and procedures
13327		-	that they consider expedient for the implementation of this chapter.
13328		-	After each reassessment in an area under a reassessment plan prepared
13329		-	under IC 6-1.1-4-4.2, the department of local government finance shall
13330		-	adjust the base assessed value one (1) time to neutralize any effect of
13331		-	the reassessment of the real property in the area on the property tax
13332		-	proceeds allocated to the redevelopment district under this section.
13333		-	After each annual adjustment under IC 6-1.1-4-4.5, the department of
13334		-	local government finance shall adjust the base assessed value one (1)
13335		-	time to neutralize any effect of the annual adjustment on the property
13336		-	tax proceeds allocated to the redevelopment district under this section.
13337		-	However, the adjustments under this subsection:
13338		-	(1) may not include the effect of phasing in assessed value due to
13339		-	property tax abatements under IC 6-1.1-12.1;
13340		-	(2) may not produce less property tax proceeds allocable to the
13341		-	redevelopment district under subsection (b)(4) than would
13342		-	otherwise have been received if the reassessment under the
13343		-	reassessment plan or the annual adjustment had not occurred; and
13344		-	(3) may decrease base assessed value only to the extent that
13345		-	assessed values in the allocation area have been decreased due to
13346		-	annual adjustments or the reassessment under the reassessment
13347		-	plan.
13348		-	Assessed value increases attributable to the application of an abatement
13349		-	schedule under IC 6-1.1-12.1 may not be included in the base assessed
13350		-	value of an allocation area. The department of local government
13351		-	finance may prescribe procedures for county and township officials to
13352		-	follow to assist the department in making the adjustments.
13353		-	(i) The allocation deadline referred to in subsection (b) is
13354		-	determined in the following manner:
13355		-	(1) The initial allocation deadline is December 31, 2011.
13356		-	(2) Subject to subdivision (3), the initial allocation deadline and
13357		-	subsequent allocation deadlines are automatically extended in
13358		-	increments of five (5) years, so that allocation deadlines
13359		-	subsequent to the initial allocation deadline fall on December 31,
13360		-	2016, and December 31 of each fifth year thereafter.
13361		-	(3) At least one (1) year before the date of an allocation deadline
13362		-	determined under subdivision (2), the general assembly may enact
13363		-	a law that:
13364		-	(A) terminates the automatic extension of allocation deadlines
13365		-	under subdivision (2); and
13366		-	(B) specifically designates a particular date as the final
13367		-	SEA 1 — Concur 312
13368		-	allocation deadline.
13369		-	(j) If a redevelopment commission adopts a declaratory resolution
13370		-	or an amendment to a declaratory resolution that contains an allocation
13371		-	provision and the redevelopment commission makes either of the
13372		-	filings required under section 17(e) of this chapter after the first
13373		-	anniversary of the effective date of the allocation provision, the auditor
13374		-	of the county in which the unit is located shall compute the base
13375		-	assessed value for the allocation area using the assessment date
13376		-	immediately preceding the later of:
13377		-	(1) the date on which the documents are filed with the county
13378		-	auditor; or
13379		-	(2) the date on which the documents are filed with the department
13380		-	of local government finance.
13381		-	(k) For an allocation area established after June 30, 2025,
13382		-	"residential property" refers to the assessed value of property that is
13383		-	allocated to the one percent (1%) homestead land and improvement
13384		-	categories in the county tax and billing software system, along with the
13385		-	residential assessed value as defined for purposes of calculating the
13386		-	rate for the local income tax property tax relief credit designated for
13387		-	residential property under IC 6-3.6-5-6(d)(3) (before its expiration).
13388		-	SECTION 235. IC 36-7-15.1-26, AS AMENDED BY P.L.174-2022,
13389		-	SECTION 72, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
13390		-	JULY 1, 2027]: Sec. 26. (a) As used in this section:
13391		-	"Allocation area" means that part of a redevelopment project area
13392		-	to which an allocation provision of a resolution adopted under section
13393		-	8 of this chapter refers for purposes of distribution and allocation of
13394		-	property taxes.
13395		-	"Base assessed value" means, subject to subsection (j), the
13396		-	following:
13397		-	(1) If an allocation provision is adopted after June 30, 1995, in a
13398		-	declaratory resolution or an amendment to a declaratory
13399		-	resolution establishing an economic development area:
13400		-	(A) the net assessed value of all the property as finally
13401		-	determined for the assessment date immediately preceding the
13402		-	effective date of the allocation provision of the declaratory
13403		-	resolution, as adjusted under subsection (h); plus
13404		-	(B) to the extent that it is not included in clause (A), the net
13405		-	assessed value of property that is assessed as residential
13406		-	property under the rules of the department of local government
13407		-	finance, within the allocation area, as finally determined for
13408		-	the current assessment date.
13409		-	(2) If an allocation provision is adopted after June 30, 1997, in a
13410		-	SEA 1 — Concur 313
13411		-	declaratory resolution or an amendment to a declaratory
13412		-	resolution establishing a redevelopment project area:
13413		-	(A) the net assessed value of all the property as finally
13414		-	determined for the assessment date immediately preceding the
13415		-	effective date of the allocation provision of the declaratory
13416		-	resolution, as adjusted under subsection (h); plus
13417		-	(B) to the extent that it is not included in clause (A), the net
13418		-	assessed value of property that is assessed as residential
13419		-	property under the rules of the department of local government
13420		-	finance, within the allocation area, as finally determined for
13421		-	the current assessment date.
13422		-	(3) If:
13423		-	(A) an allocation provision adopted before June 30, 1995, in
13424		-	a declaratory resolution or an amendment to a declaratory
13425		-	resolution establishing a redevelopment project area expires
13426		-	after June 30, 1997; and
13427		-	(B) after June 30, 1997, a new allocation provision is included
13428		-	in an amendment to the declaratory resolution;
13429		-	the net assessed value of all the property as finally determined for
13430		-	the assessment date immediately preceding the effective date of
13431		-	the allocation provision adopted after June 30, 1997, as adjusted
13432		-	under subsection (h).
13433		-	(4) Except as provided in subdivision (5), for all other allocation
13434		-	areas, the net assessed value of all the property as finally
13435		-	determined for the assessment date immediately preceding the
13436		-	effective date of the allocation provision of the declaratory
13437		-	resolution, as adjusted under subsection (h).
13438		-	(5) If an allocation area established in an economic development
13439		-	area before July 1, 1995, is expanded after June 30, 1995, the
13440		-	definition in subdivision (1) applies to the expanded part of the
13441		-	area added after June 30, 1995.
13442		-	(6) If an allocation area established in a redevelopment project
13443		-	area before July 1, 1997, is expanded after June 30, 1997, the
13444		-	definition in subdivision (2) applies to the expanded part of the
13445		-	area added after June 30, 1997.
13446		-	Except as provided in section 26.2 of this chapter, "property taxes"
13447		-	means taxes imposed under IC 6-1.1 on real property. However, upon
13448		-	approval by a resolution of the redevelopment commission adopted
13449		-	before June 1, 1987, "property taxes" also includes taxes imposed
13450		-	under IC 6-1.1 on depreciable personal property. If a redevelopment
13451		-	commission adopted before June 1, 1987, a resolution to include within
13452		-	the definition of property taxes, taxes imposed under IC 6-1.1 on
13453		-	SEA 1 — Concur 314
13454		-	depreciable personal property that has a useful life in excess of eight
13455		-	(8) years, the commission may by resolution determine the percentage
13456		-	of taxes imposed under IC 6-1.1 on all depreciable personal property
13457		-	that will be included within the definition of property taxes. However,
13458		-	the percentage included must not exceed twenty-five percent (25%) of
13459		-	the taxes imposed under IC 6-1.1 on all depreciable personal property.
13460		-	(b) A resolution adopted under section 8 of this chapter on or before
13461		-	the allocation deadline determined under subsection (i) may include a
13462		-	provision with respect to the allocation and distribution of property
13463		-	taxes for the purposes and in the manner provided in this section. A
13464		-	resolution previously adopted may include an allocation provision by
13465		-	the amendment of that resolution on or before the allocation deadline
13466		-	determined under subsection (i) in accordance with the procedures
13467		-	required for its original adoption. A declaratory resolution or
13468		-	amendment that establishes an allocation provision must include a
13469		-	specific finding of fact, supported by evidence, that the adoption of the
13470		-	allocation provision will result in new property taxes in the area that
13471		-	would not have been generated but for the adoption of the allocation
13472		-	provision. For an allocation area established before July 1, 1995, the
13473		-	expiration date of any allocation provisions for the allocation area is
13474		-	June 30, 2025, or the last date of any obligations that are outstanding
13475		-	on July 1, 2015, whichever is later. However, for an allocation area
13476		-	identified as the Consolidated Allocation Area in the report submitted
13477		-	in 2013 to the fiscal body under section 36.3 of this chapter, the
13478		-	expiration date of any allocation provisions for the allocation area is
13479		-	January 1, 2051. A declaratory resolution or an amendment that
13480		-	establishes an allocation provision after June 30, 1995, must specify an
13481		-	expiration date for the allocation provision. For an allocation area
13482		-	established before July 1, 2008, the expiration date may not be more
13483		-	than thirty (30) years after the date on which the allocation provision
13484		-	is established. For an allocation area established after June 30, 2008,
13485		-	the expiration date may not be more than twenty-five (25) years after
13486		-	the date on which the first obligation was incurred to pay principal and
13487		-	interest on bonds or lease rentals on leases payable from tax increment
13488		-	revenues. However, with respect to bonds or other obligations that were
13489		-	issued before July 1, 2008, if any of the bonds or other obligations that
13490		-	were scheduled when issued to mature before the specified expiration
13491		-	date and that are payable only from allocated tax proceeds with respect
13492		-	to the allocation area remain outstanding as of the expiration date, the
13493		-	allocation provision does not expire until all of the bonds or other
13494		-	obligations are no longer outstanding. The allocation provision may
13495		-	apply to all or part of the redevelopment project area. The allocation
13496		-	SEA 1 — Concur 315
13497		-	provision must require that any property taxes subsequently levied by
13498		-	or for the benefit of any public body entitled to a distribution of
13499		-	property taxes on taxable property in the allocation area be allocated
13500		-	and distributed as follows:
13501		-	(1) Except as otherwise provided in this section, the proceeds of
13502		-	the taxes attributable to the lesser of:
13503		-	(A) the assessed value of the property for the assessment date
13504		-	with respect to which the allocation and distribution is made;
13505		-	or
13506		-	(B) the base assessed value;
13507		-	shall be allocated to and, when collected, paid into the funds of
13508		-	the respective taxing units.
13509		-	(2) The excess of the proceeds of the property taxes imposed for
13510		-	the assessment date with respect to which the allocation and
13511		-	distribution is made that are attributable to taxes imposed after
13512		-	being approved by the voters in a referendum or local public
13513		-	question conducted after April 30, 2010, not otherwise included
13514		-	in subdivision (1) shall be allocated to and, when collected, paid
13515		-	into the funds of the taxing unit for which the referendum or local
13516		-	public question was conducted.
13517		-	(3) Except as otherwise provided in this section, property tax
13518		-	proceeds in excess of those described in subdivisions (1) and (2)
13519		-	shall be allocated to the redevelopment district and, when
13520		-	collected, paid into a special fund for that allocation area that may
13521		-	be used by the redevelopment district only to do one (1) or more
13522		-	of the following:
13523		-	(A) Pay the principal of and interest on any obligations
13524		-	payable solely from allocated tax proceeds that are incurred by
13525		-	the redevelopment district for the purpose of financing or
13526		-	refinancing the redevelopment of that allocation area.
13527		-	(B) Establish, augment, or restore the debt service reserve for
13528		-	bonds payable solely or in part from allocated tax proceeds in
13529		-	that allocation area.
13530		-	(C) Pay the principal of and interest on bonds payable from
13531		-	allocated tax proceeds in that allocation area and from the
13532		-	special tax levied under section 19 of this chapter.
13533		-	(D) Pay the principal of and interest on bonds issued by the
13534		-	consolidated city to pay for local public improvements that are
13535		-	physically located in or physically connected to that allocation
13536		-	area.
13537		-	(E) Pay premiums on the redemption before maturity of bonds
13538		-	payable solely or in part from allocated tax proceeds in that
13539		-	SEA 1 — Concur 316
13540		-	allocation area.
13541		-	(F) Make payments on leases payable from allocated tax
13542		-	proceeds in that allocation area under section 17.1 of this
13543		-	chapter.
13544		-	(G) Reimburse the consolidated city for expenditures for local
13545		-	public improvements (which include buildings, parking
13546		-	facilities, and other items set forth in section 17 of this
13547		-	chapter) that are physically located in or physically connected
13548		-	to that allocation area.
13549		-	(H) Reimburse the unit for rentals paid by it for a building or
13550		-	parking facility that is physically located in or physically
13551		-	connected to that allocation area under any lease entered into
13552		-	under IC 36-1-10.
13553		-	(I) Reimburse public and private entities for expenses incurred
13554		-	in training employees of industrial facilities that are located:
13555		-	(i) in the allocation area; and
13556		-	(ii) on a parcel of real property that has been classified as
13557		-	industrial property under the rules of the department of local
13558		-	government finance.
13559		-	However, the total amount of money spent for this purpose in
13560		-	any year may not exceed the total amount of money in the
13561		-	allocation fund that is attributable to property taxes paid by the
13562		-	industrial facilities described in this clause. The
13563		-	reimbursements under this clause must be made within three
13564		-	(3) years after the date on which the investments that are the
13565		-	basis for the increment financing are made.
13566		-	(J) Pay the costs of carrying out an eligible efficiency project
13567		-	(as defined in IC 36-9-41-1.5) within the unit that established
13568		-	the redevelopment commission. However, property tax
13569		-	proceeds may be used under this clause to pay the costs of
13570		-	carrying out an eligible efficiency project only if those
13571		-	property tax proceeds exceed the amount necessary to do the
13572		-	following:
13573		-	(i) Make, when due, any payments required under clauses
13574		-	(A) through (I), including any payments of principal and
13575		-	interest on bonds and other obligations payable under this
13576		-	subdivision, any payments of premiums under this
13577		-	subdivision on the redemption before maturity of bonds, and
13578		-	any payments on leases payable under this subdivision.
13579		-	(ii) Make any reimbursements required under this
13580		-	subdivision.
13581		-	(iii) Pay any expenses required under this subdivision.
13582		-	SEA 1 — Concur 317
13583		-	(iv) Establish, augment, or restore any debt service reserve
13584		-	under this subdivision.
13585		-	(K) Expend money and provide financial assistance as
13586		-	authorized in section 7(a)(21) of this chapter.
13587		-	The special fund may not be used for operating expenses of the
13588		-	commission.
13589		-	(4) Before June 15 of each year, the commission shall do the
13590		-	following:
13591		-	(A) Determine the amount, if any, by which the assessed value
13592		-	of the taxable property in the allocation area for the most
13593		-	recent assessment date minus the base assessed value, when
13594		-	multiplied by the estimated tax rate of the allocation area will
13595		-	exceed the amount of assessed value needed to provide the
13596		-	property taxes necessary to make, when due, principal and
13597		-	interest payments on bonds described in subdivision (3) plus
13598		-	the amount necessary for other purposes described in
13599		-	subdivision (3) and subsection (g).
13600		-	(B) Provide a written notice to the county auditor, the
13601		-	legislative body of the consolidated city, the officers who are
13602		-	authorized to fix budgets, tax rates, and tax levies under
13603		-	IC 6-1.1-17-5 for each of the other taxing units that is wholly
13604		-	or partly located within the allocation area, and (in an
13605		-	electronic format) the department of local government finance.
13606		-	The notice must:
13607		-	(i) state the amount, if any, of excess assessed value that the
13608		-	commission has determined may be allocated to the
13609		-	respective taxing units in the manner prescribed in
13610		-	subdivision (1); or
13611		-	(ii) state that the commission has determined that there is no
13612		-	excess assessed value that may be allocated to the respective
13613		-	taxing units in the manner prescribed in subdivision (1).
13614		-	The county auditor shall allocate to the respective taxing units
13615		-	the amount, if any, of excess assessed value determined by the
13616		-	commission. The commission may not authorize an allocation
13617		-	to the respective taxing units under this subdivision if to do so
13618		-	would endanger the interests of the holders of bonds described
13619		-	in subdivision (3).
13620		-	(C) If:
13621		-	(i) the amount of excess assessed value determined by the
13622		-	commission is expected to generate more than two hundred
13623		-	percent (200%) of the amount of allocated tax proceeds
13624		-	necessary to make, when due, principal and interest
13625		-	SEA 1 — Concur 318
13626		-	payments on bonds described in subdivision (3); plus
13627		-	(ii) the amount necessary for other purposes described in
13628		-	subdivision (3) and subsection (g);
13629		-	the commission shall submit to the legislative body of the unit
13630		-	the commission's determination of the excess assessed value
13631		-	that the commission proposes to allocate to the respective
13632		-	taxing units in the manner prescribed in subdivision (1). The
13633		-	legislative body of the unit may approve the commission's
13634		-	determination or modify the amount of the excess assessed
13635		-	value that will be allocated to the respective taxing units in the
13636		-	manner prescribed in subdivision (1).
13637		-	(c) For the purpose of allocating taxes levied by or for any taxing
13638		-	unit or units, the assessed value of taxable property in a territory in the
13639		-	allocation area that is annexed by any taxing unit after the effective
13640		-	date of the allocation provision of the resolution is the lesser of:
13641		-	(1) the assessed value of the property for the assessment date with
13642		-	respect to which the allocation and distribution is made; or
13643		-	(2) the base assessed value.
13644		-	(d) Property tax proceeds allocable to the redevelopment district
13645		-	under subsection (b)(3) may, subject to subsection (b)(4), be
13646		-	irrevocably pledged by the redevelopment district for payment as set
13647		-	forth in subsection (b)(3).
13648		-	(e) Notwithstanding any other law, each assessor shall, upon
13649		-	petition of the commission, reassess the taxable property situated upon
13650		-	or in, or added to, the allocation area, effective on the next assessment
13651		-	date after the petition.
13652		-	(f) Notwithstanding any other law, the assessed value of all taxable
13653		-	property in the allocation area, for purposes of tax limitation, property
13654		-	tax replacement, and formulation of the budget, tax rate, and tax levy
13655		-	for each political subdivision in which the property is located is the
13656		-	lesser of:
13657		-	(1) the assessed value of the property as valued without regard to
13658		-	this section; or
13659		-	(2) the base assessed value.
13660		-	(g) If any part of the allocation area is located in an enterprise zone
13661		-	created under IC 5-28-15, the unit that designated the allocation area
13662		-	shall create funds as specified in this subsection. A unit that has
13663		-	obligations, bonds, or leases payable from allocated tax proceeds under
13664		-	subsection (b)(3) shall establish an allocation fund for the purposes
13665		-	specified in subsection (b)(3) and a special zone fund. Such a unit
13666		-	shall, until the end of the enterprise zone phase out period, deposit each
13667		-	year in the special zone fund the amount in the allocation fund derived
13668		-	SEA 1 — Concur 319
13669		-	from property tax proceeds in excess of those described in subsection
13670		-	(b)(1) and (b)(2) from property located in the enterprise zone that
13671		-	exceeds the amount sufficient for the purposes specified in subsection
13672		-	(b)(3) for the year. A unit that has no obligations, bonds, or leases
13673		-	payable from allocated tax proceeds under subsection (b)(3) shall
13674		-	establish a special zone fund and deposit all the property tax proceeds
13675		-	in excess of those described in subsection (b)(1) and (b)(2) in the fund
13676		-	derived from property tax proceeds in excess of those described in
13677		-	subsection (b)(1) and (b)(2) from property located in the enterprise
13678		-	zone. The unit that creates the special zone fund shall use the fund,
13679		-	based on the recommendations of the urban enterprise association, for
13680		-	one (1) or more of the following purposes:
13681		-	(1) To pay for programs in job training, job enrichment, and basic
13682		-	skill development designed to benefit residents and employers in
13683		-	the enterprise zone. The programs must reserve at least one-half
13684		-	(1/2) of the enrollment in any session for residents of the
13685		-	enterprise zone.
13686		-	(2) To make loans and grants for the purpose of stimulating
13687		-	business activity in the enterprise zone or providing employment
13688		-	for enterprise zone residents in the enterprise zone. These loans
13689		-	and grants may be made to the following:
13690		-	(A) Businesses operating in the enterprise zone.
13691		-	(B) Businesses that will move their operations to the enterprise
13692		-	zone if such a loan or grant is made.
13693		-	(3) To provide funds to carry out other purposes specified in
13694		-	subsection (b)(3). However, where reference is made in
13695		-	subsection (b)(3) to the allocation area, the reference refers for
13696		-	purposes of payments from the special zone fund only to that part
13697		-	of the allocation area that is also located in the enterprise zone.
13698		-	(h) The state board of accounts and department of local government
13699		-	finance shall make the rules and prescribe the forms and procedures
13700		-	that they consider expedient for the implementation of this chapter.
13701		-	After each reassessment under a reassessment plan prepared under
13702		-	IC 6-1.1-4-4.2, the department of local government finance shall adjust
13703		-	the base assessed value one (1) time to neutralize any effect of the
13704		-	reassessment of the real property in the area on the property tax
13705		-	proceeds allocated to the redevelopment district under this section.
13706		-	After each annual adjustment under IC 6-1.1-4-4.5, the department of
13707		-	local government finance shall adjust the base assessed value to
13708		-	neutralize any effect of the annual adjustment on the property tax
13709		-	proceeds allocated to the redevelopment district under this section.
13710		-	However, the adjustments under this subsection may not include the
13711		-	SEA 1 — Concur 320
13712		-	effect of property tax abatements under IC 6-1.1-12.1, and these
13713		-	adjustments may not produce less property tax proceeds allocable to
13714		-	the redevelopment district under subsection (b)(3) than would
13715		-	otherwise have been received if the reassessment under the
13716		-	reassessment plan or annual adjustment had not occurred. The
13717		-	department of local government finance may prescribe procedures for
13718		-	county and township officials to follow to assist the department in
13719		-	making the adjustments.
13720		-	(i) The allocation deadline referred to in subsection (b) is
13721		-	determined in the following manner:
13722		-	(1) The initial allocation deadline is December 31, 2011.
13723		-	(2) Subject to subdivision (3), the initial allocation deadline and
13724		-	subsequent allocation deadlines are automatically extended in
13725		-	increments of five (5) years, so that allocation deadlines
13726		-	subsequent to the initial allocation deadline fall on December 31,
13727		-	2016, and December 31 of each fifth year thereafter.
13728		-	(3) At least one (1) year before the date of an allocation deadline
13729		-	determined under subdivision (2), the general assembly may enact
13730		-	a law that:
13731		-	(A) terminates the automatic extension of allocation deadlines
13732		-	under subdivision (2); and
13733		-	(B) specifically designates a particular date as the final
13734		-	allocation deadline.
13735		-	(j) If the commission adopts a declaratory resolution or an
13736		-	amendment to a declaratory resolution that contains an allocation
13737		-	provision and the commission makes either of the filings required
13738		-	under section 10(e) of this chapter after the first anniversary of the
13739		-	effective date of the allocation provision, the auditor of the county in
13740		-	which the unit is located shall compute the base assessed value for the
13741		-	allocation area using the assessment date immediately preceding the
13742		-	later of:
13743		-	(1) the date on which the documents are filed with the county
13744		-	auditor; or
13745		-	(2) the date on which the documents are filed with the department
13746		-	of local government finance.
13747		-	(k) For an allocation area established after June 30, 2024,
13748		-	"residential property" refers to the assessed value of property that is
13749		-	allocated to the one percent (1%) homestead land and improvement
13750		-	categories in the county tax and billing software system, along with the
13751		-	residential assessed value as defined for purposes of calculating the
13752		-	rate for the local income tax property tax relief credit designated for
13753		-	residential property under IC 6-3.6-5-6(d)(3) (before its expiration).
13754		-	SEA 1 — Concur 321
13755		-	SECTION 236. IC 36-7-15.1-53, AS AMENDED BY P.L.174-2022,
13756		-	SECTION 73, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
13757		-	JULY 1, 2027]: Sec. 53. (a) As used in this section:
13758		-	"Allocation area" means that part of a redevelopment project area
13759		-	to which an allocation provision of a resolution adopted under section
13760		-	40 of this chapter refers for purposes of distribution and allocation of
13761		-	property taxes.
13762		-	"Base assessed value" means, subject to subsection (j):
13763		-	(1) the net assessed value of all the property as finally determined
13764		-	for the assessment date immediately preceding the effective date
13765		-	of the allocation provision of the declaratory resolution, as
13766		-	adjusted under subsection (h); plus
13767		-	(2) to the extent that it is not included in subdivision (1), the net
13768		-	assessed value of property that is assessed as residential property
13769		-	under the rules of the department of local government finance, as
13770		-	finally determined for the current assessment date.
13771		-	Except as provided in section 55 of this chapter, "property taxes"
13772		-	means taxes imposed under IC 6-1.1 on real property.
13773		-	(b) A resolution adopted under section 40 of this chapter on or
13774		-	before the allocation deadline determined under subsection (i) may
13775		-	include a provision with respect to the allocation and distribution of
13776		-	property taxes for the purposes and in the manner provided in this
13777		-	section. A resolution previously adopted may include an allocation
13778		-	provision by the amendment of that resolution on or before the
13779		-	allocation deadline determined under subsection (i) in accordance with
13780		-	the procedures required for its original adoption. A declaratory
13781		-	resolution or an amendment that establishes an allocation provision
13782		-	must be approved by resolution of the legislative body of the excluded
13783		-	city and must specify an expiration date for the allocation provision.
13784		-	For an allocation area established before July 1, 2008, the expiration
13785		-	date may not be more than thirty (30) years after the date on which the
13786		-	allocation provision is established. For an allocation area established
13787		-	after June 30, 2008, the expiration date may not be more than
13788		-	twenty-five (25) years after the date on which the first obligation was
13789		-	incurred to pay principal and interest on bonds or lease rentals on
13790		-	leases payable from tax increment revenues. However, with respect to
13791		-	bonds or other obligations that were issued before July 1, 2008, if any
13792		-	of the bonds or other obligations that were scheduled when issued to
13793		-	mature before the specified expiration date and that are payable only
13794		-	from allocated tax proceeds with respect to the allocation area remain
13795		-	outstanding as of the expiration date, the allocation provision does not
13796		-	expire until all of the bonds or other obligations are no longer
13797		-	SEA 1 — Concur 322
13798		-	outstanding. The allocation provision may apply to all or part of the
13799		-	redevelopment project area. The allocation provision must require that
13800		-	any property taxes subsequently levied by or for the benefit of any
13801		-	public body entitled to a distribution of property taxes on taxable
13802		-	property in the allocation area be allocated and distributed as follows:
13803		-	(1) Except as otherwise provided in this section, the proceeds of
13804		-	the taxes attributable to the lesser of:
13805		-	(A) the assessed value of the property for the assessment date
13806		-	with respect to which the allocation and distribution is made;
13807		-	or
13808		-	(B) the base assessed value;
13809		-	shall be allocated to and, when collected, paid into the funds of
13810		-	the respective taxing units.
13811		-	(2) The excess of the proceeds of the property taxes imposed for
13812		-	the assessment date with respect to which the allocation and
13813		-	distribution is made that are attributable to taxes imposed after
13814		-	being approved by the voters in a referendum or local public
13815		-	question conducted after April 30, 2010, not otherwise included
13816		-	in subdivision (1) shall be allocated to and, when collected, paid
13817		-	into the funds of the taxing unit for which the referendum or local
13818		-	public question was conducted.
13819		-	(3) Except as otherwise provided in this section, property tax
13820		-	proceeds in excess of those described in subdivisions (1) and (2)
13821		-	shall be allocated to the redevelopment district and, when
13822		-	collected, paid into a special fund for that allocation area that may
13823		-	be used by the redevelopment district only to do one (1) or more
13824		-	of the following:
13825		-	(A) Pay the principal of and interest on any obligations
13826		-	payable solely from allocated tax proceeds that are incurred by
13827		-	the redevelopment district for the purpose of financing or
13828		-	refinancing the redevelopment of that allocation area.
13829		-	(B) Establish, augment, or restore the debt service reserve for
13830		-	bonds payable solely or in part from allocated tax proceeds in
13831		-	that allocation area.
13832		-	(C) Pay the principal of and interest on bonds payable from
13833		-	allocated tax proceeds in that allocation area and from the
13834		-	special tax levied under section 50 of this chapter.
13835		-	(D) Pay the principal of and interest on bonds issued by the
13836		-	excluded city to pay for local public improvements that are
13837		-	physically located in or physically connected to that allocation
13838		-	area.
13839		-	(E) Pay premiums on the redemption before maturity of bonds
13840		-	SEA 1 — Concur 323
13841		-	payable solely or in part from allocated tax proceeds in that
13842		-	allocation area.
13843		-	(F) Make payments on leases payable from allocated tax
13844		-	proceeds in that allocation area under section 46 of this
13845		-	chapter.
13846		-	(G) Reimburse the excluded city for expenditures for local
13847		-	public improvements (which include buildings, park facilities,
13848		-	and other items set forth in section 45 of this chapter) that are
13849		-	physically located in or physically connected to that allocation
13850		-	area.
13851		-	(H) Reimburse the unit for rentals paid by it for a building or
13852		-	parking facility that is physically located in or physically
13853		-	connected to that allocation area under any lease entered into
13854		-	under IC 36-1-10.
13855		-	(I) Reimburse public and private entities for expenses incurred
13856		-	in training employees of industrial facilities that are located:
13857		-	(i) in the allocation area; and
13858		-	(ii) on a parcel of real property that has been classified as
13859		-	industrial property under the rules of the department of local
13860		-	government finance.
13861		-	However, the total amount of money spent for this purpose in
13862		-	any year may not exceed the total amount of money in the
13863		-	allocation fund that is attributable to property taxes paid by the
13864		-	industrial facilities described in this clause. The
13865		-	reimbursements under this clause must be made within three
13866		-	(3) years after the date on which the investments that are the
13867		-	basis for the increment financing are made.
13868		-	The special fund may not be used for operating expenses of the
13869		-	commission.
13870		-	(4) Before June 15 of each year, the commission shall do the
13871		-	following:
13872		-	(A) Determine the amount, if any, by which the assessed value
13873		-	of the taxable property in the allocation area for the most
13874		-	recent assessment date minus the base assessed value, when
13875		-	multiplied by the estimated tax rate of the allocation area, will
13876		-	exceed the amount of assessed value needed to provide the
13877		-	property taxes necessary to make, when due, principal and
13878		-	interest payments on bonds described in subdivision (3) plus
13879		-	the amount necessary for other purposes described in
13880		-	subdivision (3) and subsection (g).
13881		-	(B) Provide a written notice to the county auditor, the fiscal
13882		-	body of the county or municipality that established the
13883		-	SEA 1 — Concur 324
13884		-	department of redevelopment, the officers who are authorized
13885		-	to fix budgets, tax rates, and tax levies under IC 6-1.1-17-5 for
13886		-	each of the other taxing units that is wholly or partly located
13887		-	within the allocation area, and (in an electronic format) the
13888		-	department of local government finance. The notice must:
13889		-	(i) state the amount, if any, of excess assessed value that the
13890		-	commission has determined may be allocated to the
13891		-	respective taxing units in the manner prescribed in
13892		-	subdivision (1); or
13893		-	(ii) state that the commission has determined that there is no
13894		-	excess assessed value that may be allocated to the respective
13895		-	taxing units in the manner prescribed in subdivision (1).
13896		-	The county auditor shall allocate to the respective taxing units
13897		-	the amount, if any, of excess assessed value determined by the
13898		-	commission. The commission may not authorize an allocation
13899		-	to the respective taxing units under this subdivision if to do so
13900		-	would endanger the interests of the holders of bonds described
13901		-	in subdivision (3).
13902		-	(c) For the purpose of allocating taxes levied by or for any taxing
13903		-	unit or units, the assessed value of taxable property in a territory in the
13904		-	allocation area that is annexed by any taxing unit after the effective
13905		-	date of the allocation provision of the resolution is the lesser of:
13906		-	(1) the assessed value of the property for the assessment date with
13907		-	respect to which the allocation and distribution is made; or
13908		-	(2) the base assessed value.
13909		-	(d) Property tax proceeds allocable to the redevelopment district
13910		-	under subsection (b)(3) may, subject to subsection (b)(4), be
13911		-	irrevocably pledged by the redevelopment district for payment as set
13912		-	forth in subsection (b)(3).
13913		-	(e) Notwithstanding any other law, each assessor shall, upon
13914		-	petition of the commission, reassess the taxable property situated upon
13915		-	or in, or added to, the allocation area, effective on the next assessment
13916		-	date after the petition.
13917		-	(f) Notwithstanding any other law, the assessed value of all taxable
13918		-	property in the allocation area, for purposes of tax limitation, property
13919		-	tax replacement, and formulation of the budget, tax rate, and tax levy
13920		-	for each political subdivision in which the property is located, is the
13921		-	lesser of:
13922		-	(1) the assessed value of the property as valued without regard to
13923		-	this section; or
13924		-	(2) the base assessed value.
13925		-	(g) If any part of the allocation area is located in an enterprise zone
13926		-	SEA 1 — Concur 325
13927		-	created under IC 5-28-15, the unit that designated the allocation area
13928		-	shall create funds as specified in this subsection. A unit that has
13929		-	obligations, bonds, or leases payable from allocated tax proceeds under
13930		-	subsection (b)(3) shall establish an allocation fund for the purposes
13931		-	specified in subsection (b)(3) and a special zone fund. Such a unit
13932		-	shall, until the end of the enterprise zone phase out period, deposit each
13933		-	year in the special zone fund the amount in the allocation fund derived
13934		-	from property tax proceeds in excess of those described in subsection
13935		-	(b)(1) and (b)(2) from property located in the enterprise zone that
13936		-	exceeds the amount sufficient for the purposes specified in subsection
13937		-	(b)(3) for the year. A unit that has no obligations, bonds, or leases
13938		-	payable from allocated tax proceeds under subsection (b)(3) shall
13939		-	establish a special zone fund and deposit all the property tax proceeds
13940		-	in excess of those described in subsection (b)(1) and (b)(2) in the fund
13941		-	derived from property tax proceeds in excess of those described in
13942		-	subsection (b)(1) and (b)(2) from property located in the enterprise
13943		-	zone. The unit that creates the special zone fund shall use the fund,
13944		-	based on the recommendations of the urban enterprise association, for
13945		-	one (1) or more of the following purposes:
13946		-	(1) To pay for programs in job training, job enrichment, and basic
13947		-	skill development designed to benefit residents and employers in
13948		-	the enterprise zone. The programs must reserve at least one-half
13949		-	(1/2) of the enrollment in any session for residents of the
13950		-	enterprise zone.
13951		-	(2) To make loans and grants for the purpose of stimulating
13952		-	business activity in the enterprise zone or providing employment
13953		-	for enterprise zone residents in an enterprise zone. These loans
13954		-	and grants may be made to the following:
13955		-	(A) Businesses operating in the enterprise zone.
13956		-	(B) Businesses that will move their operations to the enterprise
13957		-	zone if such a loan or grant is made.
13958		-	(3) To provide funds to carry out other purposes specified in
13959		-	subsection (b)(3). However, where reference is made in
13960		-	subsection (b)(3) to the allocation area, the reference refers, for
13961		-	purposes of payments from the special zone fund, only to that part
13962		-	of the allocation area that is also located in the enterprise zone.
13963		-	(h) The state board of accounts and department of local government
13964		-	finance shall make the rules and prescribe the forms and procedures
13965		-	that they consider expedient for the implementation of this chapter.
13966		-	After each reassessment of real property in an area under a county's
13967		-	reassessment plan prepared under IC 6-1.1-4-4.2, the department of
13968		-	local government finance shall adjust the base assessed value one (1)
13969		-	SEA 1 — Concur 326
13970		-	time to neutralize any effect of the reassessment of the real property in
13971		-	the area on the property tax proceeds allocated to the redevelopment
13972		-	district under this section. After each annual adjustment under
13973		-	IC 6-1.1-4-4.5, the department of local government finance shall adjust
13974		-	the base assessed value to neutralize any effect of the annual
13975		-	adjustment on the property tax proceeds allocated to the redevelopment
13976		-	district under this section. However, the adjustments under this
13977		-	subsection may not include the effect of property tax abatements under
13978		-	IC 6-1.1-12.1, and these adjustments may not produce less property tax
13979		-	proceeds allocable to the redevelopment district under subsection
13980		-	(b)(3) than would otherwise have been received if the reassessment
13981		-	under the county's reassessment plan or annual adjustment had not
13982		-	occurred. The department of local government finance may prescribe
13983		-	procedures for county and township officials to follow to assist the
13984		-	department in making the adjustments.
13985		-	(i) The allocation deadline referred to in subsection (b) is
13986		-	determined in the following manner:
13987		-	(1) The initial allocation deadline is December 31, 2011.
13988		-	(2) Subject to subdivision (3), the initial allocation deadline and
13989		-	subsequent allocation deadlines are automatically extended in
13990		-	increments of five (5) years, so that allocation deadlines
13991		-	subsequent to the initial allocation deadline fall on December 31,
13992		-	2016, and December 31 of each fifth year thereafter.
13993		-	(3) At least one (1) year before the date of an allocation deadline
13994		-	determined under subdivision (2), the general assembly may enact
13995		-	a law that:
13996		-	(A) terminates the automatic extension of allocation deadlines
13997		-	under subdivision (2); and
13998		-	(B) specifically designates a particular date as the final
13999		-	allocation deadline.
14000		-	(j) If the commission adopts a declaratory resolution or an
14001		-	amendment to a declaratory resolution that contains an allocation
14002		-	provision and the commission makes either of the filings required
14003		-	under section 10(e) of this chapter after the first anniversary of the
14004		-	effective date of the allocation provision, the auditor of the county in
14005		-	which the unit is located shall compute the base assessed value for the
14006		-	allocation area using the assessment date immediately preceding the
14007		-	later of:
14008		-	(1) the date on which the documents are filed with the county
14009		-	auditor; or
14010		-	(2) the date on which the documents are filed with the department
14011		-	of local government finance.
14012		-	SEA 1 — Concur 327
14013		-	(k) For an allocation area established after June 30, 2024,
14014		-	"residential property" refers to the assessed value of property that is
14015		-	allocated to the one percent (1%) homestead land and improvement
14016		-	categories in the county tax and billing software system, along with the
14017		-	residential assessed value as defined for purposes of calculating the
14018		-	rate for the local income tax property tax relief credit designated for
14019		-	residential property under IC 6-3.6-5-6(d)(3) (before its expiration).
14020		-	SECTION 237. IC 36-7-30-25, AS AMENDED BY P.L.174-2022,
14021		-	SECTION 74, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
14022		-	JULY 1, 2027]: Sec. 25. (a) The following definitions apply throughout
14023		-	this section:
14024		-	(1) "Allocation area" means that part of a military base reuse area
14025		-	to which an allocation provision of a declaratory resolution
14026		-	adopted under section 10 of this chapter refers for purposes of
14027		-	distribution and allocation of property taxes.
14028		-	(2) "Base assessed value" means, subject to subsection (i):
14029		-	(A) the net assessed value of all the property as finally
14030		-	determined for the assessment date immediately preceding the
14031		-	adoption date of the allocation provision of the declaratory
14032		-	resolution, as adjusted under subsection (h); plus
14033		-	(B) to the extent that it is not included in clause (A) or (C), the
14034		-	net assessed value of any and all parcels or classes of parcels
14035		-	identified as part of the base assessed value in the declaratory
14036		-	resolution or an amendment thereto, as finally determined for
14037		-	any subsequent assessment date; plus
14038		-	(C) to the extent that it is not included in clause (A) or (B), the
14039		-	net assessed value of property that is assessed as residential
14040		-	property under the rules of the department of local government
14041		-	finance, within the allocation area, as finally determined for
14042		-	the current assessment date.
14043		-	Clause (C) applies only to allocation areas established in a
14044		-	military reuse area after June 30, 1997, and to the part of an
14045		-	allocation area that was established before June 30, 1997, and that
14046		-	is added to an existing allocation area after June 30, 1997.
14047		-	(3) "Property taxes" means taxes imposed under IC 6-1.1 on real
14048		-	property.
14049		-	(b) A declaratory resolution adopted under section 10 of this chapter
14050		-	before the date set forth in IC 36-7-14-39(b) pertaining to declaratory
14051		-	resolutions adopted under IC 36-7-14-15 may include a provision with
14052		-	respect to the allocation and distribution of property taxes for the
14053		-	purposes and in the manner provided in this section. A declaratory
14054		-	resolution previously adopted may include an allocation provision by
14055		-	SEA 1 — Concur 328
14056		-	the amendment of that declaratory resolution in accordance with the
14057		-	procedures set forth in section 13 of this chapter. The allocation
14058		-	provision may apply to all or part of the military base reuse area. The
14059		-	allocation provision must require that any property taxes subsequently
14060		-	levied by or for the benefit of any public body entitled to a distribution
14061		-	of property taxes on taxable property in the allocation area be allocated
14062		-	and distributed as follows:
14063		-	(1) Except as otherwise provided in this section, the proceeds of
14064		-	the taxes attributable to the lesser of:
14065		-	(A) the assessed value of the property for the assessment date
14066		-	with respect to which the allocation and distribution is made;
14067		-	or
14068		-	(B) the base assessed value;
14069		-	shall be allocated to and, when collected, paid into the funds of
14070		-	the respective taxing units.
14071		-	(2) The excess of the proceeds of the property taxes imposed for
14072		-	the assessment date with respect to which the allocation and
14073		-	distribution are made that are attributable to taxes imposed after
14074		-	being approved by the voters in a referendum or local public
14075		-	question conducted after April 30, 2010, not otherwise included
14076		-	in subdivision (1) shall be allocated to and, when collected, paid
14077		-	into the funds of the taxing unit for which the referendum or local
14078		-	public question was conducted.
14079		-	(3) Except as otherwise provided in this section, property tax
14080		-	proceeds in excess of those described in subdivisions (1) and (2)
14081		-	shall be allocated to the military base reuse district and, when
14082		-	collected, paid into an allocation fund for that allocation area that
14083		-	may be used by the military base reuse district and only to do one
14084		-	(1) or more of the following:
14085		-	(A) Pay the principal of and interest and redemption premium
14086		-	on any obligations incurred by the military base reuse district
14087		-	or any other entity for the purpose of financing or refinancing
14088		-	military base reuse activities in or directly serving or
14089		-	benefiting that allocation area.
14090		-	(B) Establish, augment, or restore the debt service reserve for
14091		-	bonds payable solely or in part from allocated tax proceeds in
14092		-	that allocation area or from other revenues of the reuse
14093		-	authority, including lease rental revenues.
14094		-	(C) Make payments on leases payable solely or in part from
14095		-	allocated tax proceeds in that allocation area.
14096		-	(D) Reimburse any other governmental body for expenditures
14097		-	made for local public improvements (or structures) in or
14098		-	SEA 1 — Concur 329
14099		-	directly serving or benefiting that allocation area.
14100		-	(E) Pay expenses incurred by the reuse authority, any other
14101		-	department of the unit, or a department of another
14102		-	governmental entity for local public improvements or
14103		-	structures that are in the allocation area or directly serving or
14104		-	benefiting the allocation area, including expenses for the
14105		-	operation and maintenance of these local public improvements
14106		-	or structures if the reuse authority determines those operation
14107		-	and maintenance expenses are necessary or desirable to carry
14108		-	out the purposes of this chapter.
14109		-	(F) Reimburse public and private entities for expenses
14110		-	incurred in training employees of industrial facilities that are
14111		-	located:
14112		-	(i) in the allocation area; and
14113		-	(ii) on a parcel of real property that has been classified as
14114		-	industrial property under the rules of the department of local
14115		-	government finance.
14116		-	However, the total amount of money spent for this purpose in
14117		-	any year may not exceed the total amount of money in the
14118		-	allocation fund that is attributable to property taxes paid by the
14119		-	industrial facilities described in this clause. The
14120		-	reimbursements under this clause must be made not more than
14121		-	three (3) years after the date on which the investments that are
14122		-	the basis for the increment financing are made.
14123		-	(G) Expend money and provide financial assistance as
14124		-	authorized in section 9(a)(25) of this chapter.
14125		-	Except as provided in clause (E), the allocation fund may not be
14126		-	used for operating expenses of the reuse authority.
14127		-	(4) Except as provided in subsection (g), before July 15 of each
14128		-	year the reuse authority shall do the following:
14129		-	(A) Determine the amount, if any, by which property taxes
14130		-	payable to the allocation fund in the following year will exceed
14131		-	the amount of property taxes necessary to make, when due,
14132		-	principal and interest payments on bonds described in
14133		-	subdivision (3) plus the amount necessary for other purposes
14134		-	described in subdivision (3).
14135		-	(B) Provide a written notice to the county auditor, the fiscal
14136		-	body of the unit that established the reuse authority, and the
14137		-	officers who are authorized to fix budgets, tax rates, and tax
14138		-	levies under IC 6-1.1-17-5 for each of the other taxing units
14139		-	that is wholly or partly located within the allocation area. The
14140		-	notice must:
14141		-	SEA 1 — Concur 330
14142		-	(i) state the amount, if any, of excess property taxes that the
14143		-	reuse authority has determined may be paid to the respective
14144		-	taxing units in the manner prescribed in subdivision (1); or
14145		-	(ii) state that the reuse authority has determined that there
14146		-	are no excess property tax proceeds that may be allocated to
14147		-	the respective taxing units in the manner prescribed in
14148		-	subdivision (1).
14149		-	The county auditor shall allocate to the respective taxing units
14150		-	the amount, if any, of excess property tax proceeds determined
14151		-	by the reuse authority. The reuse authority may not authorize
14152		-	a payment to the respective taxing units under this subdivision
14153		-	if to do so would endanger the interest of the holders of bonds
14154		-	described in subdivision (3) or lessors under section 19 of this
14155		-	chapter.
14156		-	(c) For the purpose of allocating taxes levied by or for any taxing
14157		-	unit or units, the assessed value of taxable property in a territory in the
14158		-	allocation area that is annexed by a taxing unit after the effective date
14159		-	of the allocation provision of the declaratory resolution is the lesser of:
14160		-	(1) the assessed value of the property for the assessment date with
14161		-	respect to which the allocation and distribution is made; or
14162		-	(2) the base assessed value.
14163		-	(d) Property tax proceeds allocable to the military base reuse district
14164		-	under subsection (b)(3) may, subject to subsection (b)(4), be
14165		-	irrevocably pledged by the military base reuse district for payment as
14166		-	set forth in subsection (b)(3).
14167		-	(e) Notwithstanding any other law, each assessor shall, upon
14168		-	petition of the reuse authority, reassess the taxable property situated
14169		-	upon or in or added to the allocation area, effective on the next
14170		-	assessment date after the petition.
14171		-	(f) Notwithstanding any other law, the assessed value of all taxable
14172		-	property in the allocation area, for purposes of tax limitation, property
14173		-	tax replacement, and the making of the budget, tax rate, and tax levy
14174		-	for each political subdivision in which the property is located is the
14175		-	lesser of:
14176		-	(1) the assessed value of the property as valued without regard to
14177		-	this section; or
14178		-	(2) the base assessed value.
14179		-	(g) If any part of the allocation area is located in an enterprise zone
14180		-	created under IC 5-28-15, the unit that designated the allocation area
14181		-	shall create funds as specified in this subsection. A unit that has
14182		-	obligations, bonds, or leases payable from allocated tax proceeds under
14183		-	subsection (b)(3) shall establish an allocation fund for the purposes
14184		-	SEA 1 — Concur 331
14185		-	specified in subsection (b)(3) and a special zone fund. Such a unit
14186		-	shall, until the end of the enterprise zone phase out period, deposit each
14187		-	year in the special zone fund any amount in the allocation fund derived
14188		-	from property tax proceeds in excess of those described in subsection
14189		-	(b)(1) and (b)(2) from property located in the enterprise zone that
14190		-	exceeds the amount sufficient for the purposes specified in subsection
14191		-	(b)(3) for the year. The amount sufficient for purposes specified in
14192		-	subsection (b)(3) for the year shall be determined based on the pro rata
14193		-	part of such current property tax proceeds from the part of the
14194		-	enterprise zone that is within the allocation area as compared to all
14195		-	such current property tax proceeds derived from the allocation area. A
14196		-	unit that does not have obligations, bonds, or leases payable from
14197		-	allocated tax proceeds under subsection (b)(3) shall establish a special
14198		-	zone fund and deposit all the property tax proceeds in excess of those
14199		-	described in subsection (b)(1) and (b)(2) that are derived from property
14200		-	in the enterprise zone in the fund. The unit that creates the special zone
14201		-	fund shall use the fund (based on the recommendations of the urban
14202		-	enterprise association) for programs in job training, job enrichment,
14203		-	and basic skill development that are designed to benefit residents and
14204		-	employers in the enterprise zone or other purposes specified in
14205		-	subsection (b)(3), except that where reference is made in subsection
14206		-	(b)(3) to allocation area it shall refer for purposes of payments from the
14207		-	special zone fund only to that part of the allocation area that is also
14208		-	located in the enterprise zone. The programs shall reserve at least
14209		-	one-half (1/2) of their enrollment in any session for residents of the
14210		-	enterprise zone.
14211		-	(h) After each reassessment of real property in an area under the
14212		-	county's reassessment plan under IC 6-1.1-4-4.2, the department of
14213		-	local government finance shall adjust the base assessed value one (1)
14214		-	time to neutralize any effect of the reassessment of the real property in
14215		-	the area on the property tax proceeds allocated to the military base
14216		-	reuse district under this section. After each annual adjustment under
14217		-	IC 6-1.1-4-4.5, the department of local government finance shall adjust
14218		-	the base assessed value to neutralize any effect of the annual
14219		-	adjustment on the property tax proceeds allocated to the military base
14220		-	reuse district under this section. However, the adjustments under this
14221		-	subsection may not include the effect of property tax abatements under
14222		-	IC 6-1.1-12.1, and these adjustments may not produce less property tax
14223		-	proceeds allocable to the military base reuse district under subsection
14224		-	(b)(3) than would otherwise have been received if the reassessment
14225		-	under the county's reassessment plan or annual adjustment had not
14226		-	occurred. The department of local government finance may prescribe
14227		-	SEA 1 — Concur 332
14228		-	procedures for county and township officials to follow to assist the
14229		-	department in making the adjustments.
14230		-	(i) If the reuse authority adopts a declaratory resolution or an
14231		-	amendment to a declaratory resolution that contains an allocation
14232		-	provision and the reuse authority makes either of the filings required
14233		-	under section 12(c) or 13(f) of this chapter after the first anniversary of
14234		-	the effective date of the allocation provision, the auditor of the county
14235		-	in which the military base reuse district is located shall compute the
14236		-	base assessed value for the allocation area using the assessment date
14237		-	immediately preceding the later of:
14238		-	(1) the date on which the documents are filed with the county
14239		-	auditor; or
14240		-	(2) the date on which the documents are filed with the department
14241		-	of local government finance.
14242		-	(j) For an allocation area established after June 30, 2024,
14243		-	"residential property" refers to the assessed value of property that is
14244		-	allocated to the one percent (1%) homestead land and improvement
14245		-	categories in the county tax and billing software system, along with the
14246		-	residential assessed value as defined for purposes of calculating the
14247		-	rate for the local income tax property tax relief credit designated for
14248		-	residential property under IC 6-3.6-5-6(d)(3) (before its expiration).
14249		-	SECTION 238. IC 36-7-30.5-30, AS AMENDED BY P.L.174-2022,
14250		-	SECTION 75, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
14251		-	JULY 1, 2027]: Sec. 30. (a) The following definitions apply throughout
14252		-	this section:
14253		-	(1) "Allocation area" means that part of a military base
14254		-	development area to which an allocation provision of a
14255		-	declaratory resolution adopted under section 16 of this chapter
14256		-	refers for purposes of distribution and allocation of property taxes.
14257		-	(2) "Base assessed value" means, subject to subsection (i):
14258		-	(A) the net assessed value of all the property as finally
14259		-	determined for the assessment date immediately preceding the
14260		-	adoption date of the allocation provision of the declaratory
14261		-	resolution, as adjusted under subsection (h); plus
14262		-	(B) to the extent that it is not included in clause (A) or (C), the
14263		-	net assessed value of any and all parcels or classes of parcels
14264		-	identified as part of the base assessed value in the declaratory
14265		-	resolution or an amendment to the declaratory resolution, as
14266		-	finally determined for any subsequent assessment date; plus
14267		-	(C) to the extent that it is not included in clause (A) or (B), the
14268		-	net assessed value of property that is assessed as residential
14269		-	property under the rules of the department of local government
14270		-	SEA 1 — Concur 333
14271		-	finance, within the allocation area, as finally determined for
14272		-	the current assessment date.
14273		-	(3) "Property taxes" means taxes imposed under IC 6-1.1 on real
14274		-	property.
14275		-	(b) A declaratory resolution adopted under section 16 of this chapter
14276		-	before the date set forth in IC 36-7-14-39(b) pertaining to declaratory
14277		-	resolutions adopted under IC 36-7-14-15 may include a provision with
14278		-	respect to the allocation and distribution of property taxes for the
14279		-	purposes and in the manner provided in this section. A declaratory
14280		-	resolution previously adopted may include an allocation provision by
14281		-	the amendment of that declaratory resolution in accordance with the
14282		-	procedures set forth in section 18 of this chapter. The allocation
14283		-	provision may apply to all or part of the military base development
14284		-	area. The allocation provision must require that any property taxes
14285		-	subsequently levied by or for the benefit of any public body entitled to
14286		-	a distribution of property taxes on taxable property in the allocation
14287		-	area be allocated and distributed as follows:
14288		-	(1) Except as otherwise provided in this section, the proceeds of
14289		-	the taxes attributable to the lesser of:
14290		-	(A) the assessed value of the property for the assessment date
14291		-	with respect to which the allocation and distribution is made;
14292		-	or
14293		-	(B) the base assessed value;
14294		-	shall be allocated to and, when collected, paid into the funds of
14295		-	the respective taxing units.
14296		-	(2) The excess of the proceeds of the property taxes imposed for
14297		-	the assessment date with respect to which the allocation and
14298		-	distribution is made that are attributable to taxes imposed after
14299		-	being approved by the voters in a referendum or local public
14300		-	question conducted after April 30, 2010, not otherwise included
14301		-	in subdivision (1) shall be allocated to and, when collected, paid
14302		-	into the funds of the taxing unit for which the referendum or local
14303		-	public question was conducted.
14304		-	(3) Except as otherwise provided in this section, property tax
14305		-	proceeds in excess of those described in subdivisions (1) and (2)
14306		-	shall be allocated to the development authority and, when
14307		-	collected, paid into an allocation fund for that allocation area that
14308		-	may be used by the development authority and only to do one (1)
14309		-	or more of the following:
14310		-	(A) Pay the principal of and interest and redemption premium
14311		-	on any obligations incurred by the development authority or
14312		-	any other entity for the purpose of financing or refinancing
14313		-	SEA 1 — Concur 334
14314		-	military base development or reuse activities in or directly
14315		-	serving or benefiting that allocation area.
14316		-	(B) Establish, augment, or restore the debt service reserve for
14317		-	bonds payable solely or in part from allocated tax proceeds in
14318		-	that allocation area or from other revenues of the development
14319		-	authority, including lease rental revenues.
14320		-	(C) Make payments on leases payable solely or in part from
14321		-	allocated tax proceeds in that allocation area.
14322		-	(D) Reimburse any other governmental body for expenditures
14323		-	made for local public improvements (or structures) in or
14324		-	directly serving or benefiting that allocation area.
14325		-	(E) For property taxes first due and payable before 2009, pay
14326		-	all or a part of a property tax replacement credit to taxpayers
14327		-	in an allocation area as determined by the development
14328		-	authority. This credit equals the amount determined under the
14329		-	following STEPS for each taxpayer in a taxing district (as
14330		-	defined in IC 6-1.1-1-20) that contains all or part of the
14331		-	allocation area:
14332		-	STEP ONE: Determine that part of the sum of the amounts
14333		-	under IC 6-1.1-21-2(g)(1)(A), IC 6-1.1-21-2(g)(2),
14334		-	IC 6-1.1-21-2(g)(3), IC 6-1.1-21-2(g)(4), and
14335		-	IC 6-1.1-21-2(g)(5) (before their repeal) that is attributable to
14336		-	the taxing district.
14337		-	STEP TWO: Divide:
14338		-	(i) that part of each county's eligible property tax
14339		-	replacement amount (as defined in IC 6-1.1-21-2 (before its
14340		-	repeal)) for that year as determined under IC 6-1.1-21-4
14341		-	(before its repeal) that is attributable to the taxing district;
14342		-	by
14343		-	(ii) the STEP ONE sum.
14344		-	STEP THREE: Multiply:
14345		-	(i) the STEP TWO quotient; by
14346		-	(ii) the total amount of the taxpayer's taxes (as defined in
14347		-	IC 6-1.1-21-2 (before its repeal)) levied in the taxing district
14348		-	that have been allocated during that year to an allocation
14349		-	fund under this section.
14350		-	If not all the taxpayers in an allocation area receive the credit
14351		-	in full, each taxpayer in the allocation area is entitled to
14352		-	receive the same proportion of the credit. A taxpayer may not
14353		-	receive a credit under this section and a credit under section
14354		-	32 of this chapter (before its repeal) in the same year.
14355		-	(F) Pay expenses incurred by the development authority for
14356		-	SEA 1 — Concur 335
14357		-	local public improvements or structures that were in the
14358		-	allocation area or directly serving or benefiting the allocation
14359		-	area.
14360		-	(G) Reimburse public and private entities for expenses
14361		-	incurred in training employees of industrial facilities that are
14362		-	located:
14363		-	(i) in the allocation area; and
14364		-	(ii) on a parcel of real property that has been classified as
14365		-	industrial property under the rules of the department of local
14366		-	government finance.
14367		-	However, the total amount of money spent for this purpose in
14368		-	any year may not exceed the total amount of money in the
14369		-	allocation fund that is attributable to property taxes paid by the
14370		-	industrial facilities described in this clause. The
14371		-	reimbursements under this clause must be made not more than
14372		-	three (3) years after the date on which the investments that are
14373		-	the basis for the increment financing are made.
14374		-	(H) Expend money and provide financial assistance as
14375		-	authorized in section 15(26) of this chapter.
14376		-	The allocation fund may not be used for operating expenses of the
14377		-	development authority.
14378		-	(4) Except as provided in subsection (g), before July 15 of each
14379		-	year the development authority shall do the following:
14380		-	(A) Determine the amount, if any, by which property taxes
14381		-	payable to the allocation fund in the following year will exceed
14382		-	the amount of property taxes necessary to make, when due,
14383		-	principal and interest payments on bonds described in
14384		-	subdivision (3) plus the amount necessary for other purposes
14385		-	described in subdivisions (2) and (3).
14386		-	(B) Provide a written notice to the appropriate county auditors
14387		-	and the fiscal bodies and other officers who are authorized to
14388		-	fix budgets, tax rates, and tax levies under IC 6-1.1-17-5 for
14389		-	each of the other taxing units that is wholly or partly located
14390		-	within the allocation area. The notice must:
14391		-	(i) state the amount, if any, of the excess property taxes that
14392		-	the development authority has determined may be paid to
14393		-	the respective taxing units in the manner prescribed in
14394		-	subdivision (1); or
14395		-	(ii) state that the development authority has determined that
14396		-	there is no excess assessed value that may be allocated to the
14397		-	respective taxing units in the manner prescribed in
14398		-	subdivision (1).
14399		-	SEA 1 — Concur 336
14400		-	The county auditors shall allocate to the respective taxing units
14401		-	the amount, if any, of excess assessed value determined by the
14402		-	development authority. The development authority may not
14403		-	authorize a payment to the respective taxing units under this
14404		-	subdivision if to do so would endanger the interest of the
14405		-	holders of bonds described in subdivision (3) or lessors under
14406		-	section 24 of this chapter. Property taxes received by a taxing
14407		-	unit under this subdivision before 2009 are eligible for the
14408		-	property tax replacement credit provided under IC 6-1.1-21
14409		-	(before its repeal).
14410		-	(c) For the purpose of allocating taxes levied by or for any taxing
14411		-	unit or units, the assessed value of taxable property in a territory in the
14412		-	allocation area that is annexed by a taxing unit after the effective date
14413		-	of the allocation provision of the declaratory resolution is the lesser of:
14414		-	(1) the assessed value of the property for the assessment date with
14415		-	respect to which the allocation and distribution is made; or
14416		-	(2) the base assessed value.
14417		-	(d) Property tax proceeds allocable to the military base development
14418		-	district under subsection (b)(3) may, subject to subsection (b)(4), be
14419		-	irrevocably pledged by the military base development district for
14420		-	payment as set forth in subsection (b)(3).
14421		-	(e) Notwithstanding any other law, each assessor shall, upon
14422		-	petition of the development authority, reassess the taxable property
14423		-	situated upon or in or added to the allocation area, effective on the next
14424		-	assessment date after the petition.
14425		-	(f) Notwithstanding any other law, the assessed value of all taxable
14426		-	property in the allocation area, for purposes of tax limitation, property
14427		-	tax replacement, and the making of the budget, tax rate, and tax levy
14428		-	for each political subdivision in which the property is located is the
14429		-	lesser of:
14430		-	(1) the assessed value of the property as valued without regard to
14431		-	this section; or
14432		-	(2) the base assessed value.
14433		-	(g) If any part of the allocation area is located in an enterprise zone
14434		-	created under IC 5-28-15, the development authority shall create funds
14435		-	as specified in this subsection. A development authority that has
14436		-	obligations, bonds, or leases payable from allocated tax proceeds under
14437		-	subsection (b)(3) shall establish an allocation fund for the purposes
14438		-	specified in subsection (b)(3) and a special zone fund. The
14439		-	development authority shall, until the end of the enterprise zone phase
14440		-	out period, deposit each year in the special zone fund any amount in the
14441		-	allocation fund derived from property tax proceeds in excess of those
14442		-	SEA 1 — Concur 337
14443		-	described in subsection (b)(1) and (b)(2) from property located in the
14444		-	enterprise zone that exceeds the amount sufficient for the purposes
14445		-	specified in subsection (b)(3) for the year. The amount sufficient for
14446		-	purposes specified in subsection (b)(3) for the year shall be determined
14447		-	based on the pro rata part of such current property tax proceeds from
14448		-	the part of the enterprise zone that is within the allocation area as
14449		-	compared to all such current property tax proceeds derived from the
14450		-	allocation area. A development authority that does not have
14451		-	obligations, bonds, or leases payable from allocated tax proceeds under
14452		-	subsection (b)(3) shall establish a special zone fund and deposit all the
14453		-	property tax proceeds in excess of those described in subsection (b)(1)
14454		-	and (b)(2) that are derived from property in the enterprise zone in the
14455		-	fund. The development authority that creates the special zone fund
14456		-	shall use the fund (based on the recommendations of the urban
14457		-	enterprise association) for programs in job training, job enrichment,
14458		-	and basic skill development that are designed to benefit residents and
14459		-	employers in the enterprise zone or for other purposes specified in
14460		-	subsection (b)(3), except that where reference is made in subsection
14461		-	(b)(3) to an allocation area it shall refer for purposes of payments from
14462		-	the special zone fund only to that part of the allocation area that is also
14463		-	located in the enterprise zone. The programs shall reserve at least
14464		-	one-half (1/2) of their enrollment in any session for residents of the
14465		-	enterprise zone.
14466		-	(h) After each reassessment of real property in an area under a
14467		-	reassessment plan prepared under IC 6-1.1-4-4.2, the department of
14468		-	local government finance shall adjust the base assessed value one (1)
14469		-	time to neutralize any effect of the reassessment of the real property in
14470		-	the area on the property tax proceeds allocated to the military base
14471		-	development district under this section. After each annual adjustment
14472		-	under IC 6-1.1-4-4.5, the department of local government finance shall
14473		-	adjust the base assessed value to neutralize any effect of the annual
14474		-	adjustment on the property tax proceeds allocated to the military base
14475		-	development district under this section. However, the adjustments
14476		-	under this subsection may not include the effect of property tax
14477		-	abatements under IC 6-1.1-12.1, and these adjustments may not
14478		-	produce less property tax proceeds allocable to the military base
14479		-	development district under subsection (b)(3) than would otherwise
14480		-	have been received if the reassessment under the county's reassessment
14481		-	plan or annual adjustment had not occurred. The department of local
14482		-	government finance may prescribe procedures for county and township
14483		-	officials to follow to assist the department in making the adjustments.
14484		-	(i) If the development authority adopts a declaratory resolution or
14485		-	SEA 1 — Concur 338
14486		-	an amendment to a declaratory resolution that contains an allocation
14487		-	provision and the development authority makes either of the filings
14488		-	required under section 17(e) or 18(f) of this chapter after the first
14489		-	anniversary of the effective date of the allocation provision, the auditor
14490		-	of the county in which the military base development district is located
14491		-	shall compute the base assessed value for the allocation area using the
14492		-	assessment date immediately preceding the later of:
14493		-	(1) the date on which the documents are filed with the county
14494		-	auditor; or
14495		-	(2) the date on which the documents are filed with the department
14496		-	of local government finance.
14497		-	(j) For an allocation area established after June 30, 2024,
14498		-	"residential property" refers to the assessed value of property that is
14499		-	allocated to the one percent (1%) homestead land and improvement
14500		-	categories in the county tax and billing software system, along with the
14501		-	residential assessed value as defined for purposes of calculating the
14502		-	rate for the local income tax property tax relief credit designated for
14503		-	residential property under IC 6-3.6-5-6(d)(3) (before its expiration).
14504		-	SECTION 239. IC 36-7.5-4-2.5, AS ADDED BY P.L.189-2018,
14505		-	SECTION 173, IS AMENDED TO READ AS FOLLOWS
14506		-	[EFFECTIVE JULY 1, 2027]: Sec. 2.5. (a) This section applies to a
14507		-	unit that has previously:
14508		-	(1) entered into an interlocal cooperation or other similar
14509		-	agreement;
14510		-	(2) adopted an ordinance or resolution; or
14511		-	(3) taken any other action offering to support and finance:
14512		-	(A) a rail project or rail projects under this chapter; or
14513		-	(B) the double tracking project under IC 36-7.5-4.5.
14514		-	(b) The unit may use any legally available revenue to support and
14515		-	finance the projects described in subsection (a)(3), including additional
14516		-	revenue general purpose revenue allocated each year for economic
14517		-	development under IC 6-3.6-6-9. IC 6-3.6-6.
14518		-	(c) Additional revenue allocated for economic development to
14519		-	support and finance the projects under this section shall be paid by the
14520		-	treasurer of state to the treasurer of the northwest Indiana regional
14521		-	development authority under section 2 of this chapter before certified
14522		-	distributions are made to the county or any civil taxing unit in the
14523		-	county or counties in which the unit is located.
14524		-	(d) A transfer made on behalf of a unit under subsection (c) after
14525		-	December 31, 2018, is considered to be a payment for services
14526		-	provided to residents by a rail project as those services are rendered.
14527		-	(e) A pledge by the development authority of transferred revenue
14528		-	SEA 1 — Concur 339
14529		-	under this section to the payment of bonds, leases, or obligations under
14530		-	this article or IC 5-1.3:
14531		-	(1) constitutes the obligations of the northwest Indiana regional
14532		-	development authority; and
14533		-	(2) does not constitute an indebtedness of:
14534		-	(A) a unit described in this section; or
14535		-	(B) the state;
14536		-	within the meaning or application of any constitutional or
14537		-	statutory provision or limitation.
14538		-	(f) Neither the transfer of revenue nor the pledge of revenue
14539		-	transferred under this section is an impairment of contract within the
14540		-	meaning or application of any constitutional provision or limitation
14541		-	because of the following:
14542		-	(1) The statutes governing local income taxes, including the
14543		-	transferred revenue, have been the subject of legislation annually
14544		-	since 1973, and during that time the statutes have been revised,
14545		-	amended, expanded, limited, and recodified dozens of times.
14546		-	(2) Owners of bonds, leases, or other obligations to which local
14547		-	income tax revenues have been pledged recognize that the
14548		-	regulation of local income taxes has been extensive and
14549		-	consistent.
14550		-	(3) All bonds, leases, or other obligations, due to their essential
14551		-	contractual nature, are subject to relevant state and federal law
14552		-	that is enacted after the date of a contract.
14553		-	(4) The state of Indiana has a legitimate interest in assisting the
14554		-	northwest Indiana regional development authority in financing
14555		-	rail projects.
14556		-	(g) All proceedings had and actions described in this section are
14557		-	valid pledges under IC 5-1-14-4 as of the date of those proceedings or
14558		-	actions and are hereby legalized and declared valid if taken before
14559		-	March 15, 2018.
14560		-	SECTION 240. IC 36-8-19-7, AS AMENDED BY P.L.95-2022,
14561		-	SECTION 8, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
14562		-	JANUARY 1, 2025 (RETROACTIVE)]: Sec. 7. (a) Subject to
14563		-	subsection (d), a tax levied under this chapter may be levied at:
14564		-	(1) a uniform rate upon all taxable property within the territory;
14565		-	or
14566		-	(2) different rates for the participating units included within the
14567		-	territory, so long as a tax rate applies uniformly to all of a unit's
14568		-	or fire protection district's taxable property within the territory.
14569		-	(b) If a uniform tax rate is levied upon all taxable property within a
14570		-	territory upon the formation of the territory, different tax rates may be
14571		-	SEA 1 — Concur 340
14572		-	levied for the participating units included within the territory in
14573		-	subsequent years.
14574		-	(c) This subsection applies to a territory established by an ordinance
14575		-	or a resolution adopted under this chapter after December 31, 2022. A
14576		-	total tax rate levied under this chapter upon taxable property within a
14577		-	territory upon the formation of the territory may be implemented over
14578		-	a number of years, not exceeding five (5), and in a manner subject to
14579		-	review and approval by the department of local government finance.
14580		-	(d) This subsection applies to a territory established by an
14581		-	ordinance or a resolution adopted under this chapter after
14582		-	December 31, 2024. The provider unit and each participating unit
14583		-	in a territory may not impose a tax rate on the unit's or fire
14584		-	protection district's taxable property within the territory that
14585		-	exceeds forty cents ($0.40) per one hundred dollars ($100) of
14586		-	assessed valuation.
14587		-	SECTION 241. IC 36-8-19-7.5, AS AMENDED BY P.L.38-2021,
14588		-	SECTION 100, IS AMENDED TO READ AS FOLLOWS
14589		-	[EFFECTIVE JANUARY 1, 2025 (RETROACTIVE)]: Sec. 7.5. (a)
14590		-	This section applies to:
14591		-	(1) local income tax distributions; and
14592		-	(2) excise tax distributions;
14593		-	made after December 31, 2009.
14594		-	(b) Except as provided in subsection (c), for purposes of allocating
14595		-	local income tax distributions that are based on a taxing unit's
14596		-	allocation amount before January 1, 2028, or that an adopting body
14597		-	allocates under IC 6-3.6-6 to economic development before January
14598		-	1, 2028, or excise tax distributions that are distributed based on the
14599		-	amount of a taxing unit's property tax levies, each participating unit in
14600		-	a territory is considered to have imposed a part of the property tax levy
14601		-	imposed for the territory. The part of the property tax levy imposed for
14602		-	the territory for a particular year that shall be attributed to a
14603		-	participating unit is equal to the amount determined in the following
14604		-	STEPS:
14605		-	STEP ONE: Determine the total amount of all property taxes
14606		-	imposed by the participating unit in the year before the year in
14607		-	which a property tax levy was first imposed for the territory.
14608		-	STEP TWO: Determine the sum of the STEP ONE amounts for
14609		-	all participating units.
14610		-	STEP THREE: Divide the STEP ONE result by the STEP TWO
14611		-	result.
14612		-	STEP FOUR: Multiply the STEP THREE result by the property
14613		-	tax levy imposed for the territory for the particular year.
14614		-	SEA 1 — Concur 341
14615		-	(c) This subsection applies to a determination under subsection (b)
14616		-	made in calendar years 2018, 2019, and 2020. The department of local
14617		-	government finance may, for distributions made in calendar year 2022,
14618		-	adjust the allocation amount determined under subsection (b) to correct
14619		-	for any clerical or mathematical errors made in any determination for
14620		-	calendar year 2018, 2019, or 2020, as applicable, including the
14621		-	allocation amount for any taxing unit whose distribution was affected
14622		-	by the clerical or mathematical error in those years. The department of
14623		-	local government finance may apply the adjustment to the allocation
14624		-	amount for a taxing unit over a period not to exceed ten (10) years in
14625		-	order to offset the effect of the adjustment on the distribution.
14626		-	(d) This subsection applies to a territory established by an
14627		-	ordinance or a resolution adopted under this chapter after
14628		-	December 31, 2024. Before additional revenue from a local income
14629		-	tax rate may be allocated to the provider unit of a new territory
14630		-	due to an increased property tax levy resulting from the
14631		-	establishment of the territory, the county fiscal body must adopt an
14632		-	ordinance or resolution approving the allocation.
14633		-	SECTION 242. IC 36-8-19-8, AS AMENDED BY P.L.236-2023,
14634		-	SECTION 209, IS AMENDED TO READ AS FOLLOWS
14635		-	[EFFECTIVE JULY 1, 2027]: Sec. 8. (a) Upon the adoption of
14636		-	identical ordinances or resolutions, or both, by the participating units
14637		-	under section 6 of this chapter, the designated provider unit must
14638		-	establish a fire protection territory fund from which all expenses of
14639		-	operating and maintaining the fire protection services within the
14640		-	territory, including repairs, fees, salaries, depreciation on all
14641		-	depreciable assets, rents, supplies, contingencies, and all other
14642		-	expenses lawfully incurred within the territory shall be paid. The
14643		-	purposes described in this subsection are the sole purposes of the fund,
14644		-	and money in the fund may not be used for any other expenses. Except
14645		-	as allowed in subsections (d) and (e) and section 8.5 of this chapter, the
14646		-	provider unit is not authorized to transfer money out of the fund at any
14647		-	time.
14648		-	(b) The fund consists of the following:
14649		-	(1) All receipts from the tax imposed under this section.
14650		-	(2) Any money transferred to the fund by the provider unit as
14651		-	authorized under subsection (d).
14652		-	(3) Any receipts from a false alarm fee or service charge imposed
14653		-	by the participating units under IC 36-8-13-4.
14654		-	(4) Any money transferred to the fund by a participating unit
14655		-	under section 8.6 of this chapter.
14656		-	(5) Any receipts from a distribution made under IC 6-3.6-6-8(d),
14657		-	SEA 1 — Concur 342
14658		-	IC 6-3.6-6-8(b), which shall be deposited in the fund.
14659		-	(c) The provider unit, with the assistance of each of the other
14660		-	participating units, shall annually budget the necessary money to meet
14661		-	the expenses of operation and maintenance of the fire protection
14662		-	services within the territory. The provider unit may maintain a
14663		-	reasonable balance, not to exceed one hundred twenty percent (120%)
14664		-	of the budgeted expenses. Except as provided in IC 6-1.1-18.5-10.5,
14665		-	and subject to section 7(c) of this chapter, after estimating expenses
14666		-	and receipts of money, the provider unit shall establish the tax levy
14667		-	required to fund the estimated budget. Subject to IC 6-1.1-18.5-10.5(c),
14668		-	the amount budgeted under this subsection shall be considered a part
14669		-	of each of the participating unit's budget.
14670		-	(d) If the amount levied in a particular year is insufficient to cover
14671		-	the costs incurred in providing fire protection services within the
14672		-	territory, the provider unit may transfer from available sources to the
14673		-	fire protection territory fund the money needed to cover those costs. In
14674		-	this case:
14675		-	(1) the levy in the following year shall be increased by the amount
14676		-	required to be transferred; and
14677		-	(2) the provider unit is entitled to transfer the amount described
14678		-	in subdivision (1) from the fund as reimbursement to the provider
14679		-	unit.
14680		-	(e) If the amount levied in a particular year exceeds the amount
14681		-	necessary to cover the costs incurred in providing fire protection
14682		-	services within the territory, the levy in the following year shall be
14683		-	reduced by the amount of surplus money that is not transferred to the
14684		-	equipment replacement fund established under section 8.5 of this
14685		-	chapter. The amount that may be transferred to the equipment
14686		-	replacement fund may not exceed five percent (5%) of the levy for that
14687		-	fund for that year. Each participating unit must agree to the amount to
14688		-	be transferred by adopting an ordinance (if the unit is a county or
14689		-	municipality) or a resolution (if the unit is a township) that specifies an
14690		-	identical amount to be transferred.
14691		-	(f) The tax under this section is subject to the tax levy limitations
14692		-	imposed under IC 6-1.1-18.5-10.5.
14693		-	SECTION 243. [EFFECTIVE JANUARY 1, 2025
14694		-	(RETROACTIVE)] (a) IC 6-1.1-51.3, as added by this act, applies to
14695		-	property taxes imposed for assessment dates on or after January
14696		-	1, 2025.
14697		-	(b) This SECTION expires June 30, 2029.
14698		-	SECTION 244. [EFFECTIVE JANUARY 1, 2025
14699		-	(RETROACTIVE)] (a) IC 6-1.1-4-4.5 and IC 6-1.1-20.6-8.5, both as
14700		-	SEA 1 — Concur 343
14701		-	amended by this act, apply to assessment dates occurring after
14702		-	December 31, 2024, for property taxes first due and payable in
14703		-	2026.
14704		-	(b) This SECTION expires June 30, 2029.
14705		-	SECTION 245. [EFFECTIVE JANUARY 1, 2026] (a)
14706		-	IC 6-1.1-18.5-12 and IC 6-1.1-18.5-13, both as amended by this act,
14707		-	apply to property tax levies after December 31, 2025.
14708		-	(b) IC 6-1.1-18.5-12 and IC 6-1.1-18.5-13, before their
14709		-	amendment by this act, apply to property tax levies for 2025.
14710		-	(c) This SECTION expires January 1, 2030.
14711		-	SECTION 246. [EFFECTIVE JUNE 30, 2027] (a) Notwithstanding
14712		-	the July 1, 2027, effective date for IC 6-3.6-6-0.5, IC 6-3.6-6-4.3,
14713		-	IC 6-3.6-6-4.5, and IC 6-3.6-6-6.1, all as added by this act; the July
14714		-	1, 2027, effective date for IC 6-3.6-6-2, IC 6-3.6-6-3, IC 6-3.6-6-4,
14715		-	IC 6-3.6-6-8, IC 6-3.6-6-8.5, IC 6-3.6-6-9.5, IC 6-3.6-6-17,
14716		-	IC 6-3.6-6-18, IC 6-3.6-6-19, and IC 6-3.6-6-21, all as amended by
14717		-	this act; and the July 1, 2027, or January 1, 2028, repeal of
14718		-	IC 6-3.6-6-2.5, IC 6-3.6-6-2.6, IC 6-3.6-6-2.7, IC 6-3.6-6-2.8,
14719		-	IC 6-3.6-6-2.9, IC 6-3.6-6-9, IC 6-3.6-6-10, IC 6-3.6-6-11,
14720		-	IC 6-3.6-6-12, IC 6-3.6-6-14, IC 6-3.6-6-15, IC 6-3.6-6-16, and
14721		-	IC 6-3.6-6-20, all as repealed by this act; the method used to
14722		-	determine the amount of a particular distribution of revenue
14723		-	before July 1, 2027, shall continue to be used for these
14724		-	determinations for all of 2027.
14725		-	(b) Notwithstanding the adoption of different tax rates by a
14726		-	county applicable after 2027 or the adoption of municipal tax rates
14727		-	under IC 6-3.6-6-22, as added by this act, applicable after 2027, or
14728		-	any other provision of law, the certified distribution methodology
14729		-	calculation for local income tax distributions made in 2027 shall
14730		-	continue for local income tax distributions made in 2028 and 2029
14731		-	to account for the transition to any new tax rates.
14732		-	(c) This SECTION expires June 30, 2030.
14733		-	SECTION 247. [EFFECTIVE JUNE 30, 2027] (a) As used in this
14734		-	SECTION, "local income tax council" means a local income tax
14735		-	council established under IC 6-3.6-3-1, before its amendment by
14736		-	this act.
14737		-	(b) On July 1, 2027, all powers, duties, and authorities of a local
14738		-	income tax council are transferred to the fiscal body of the county
14739		-	in which it is located.
14740		-	(c) An ordinance adopted by a local income tax council under
14741		-	IC 6-3.6 before July 1, 2027, continues in effect after June 30, 2027,
14742		-	and is valid and binding until it is rescinded or otherwise amended
14743		-	SEA 1 — Concur 344
14744		-	by the county fiscal body.
14745		-	(d) On or before July 1, 2027, all records and property under
14746		-	the control of a local income tax council shall be transferred to the
14747		-	fiscal body of the county in which it is located.
14748		-	(e) After June 30, 2027, a reference to a local income tax council
14749		-	in any statute, rule, or other document is considered a reference to
14750		-	the county fiscal body.
14751		-	(f) This SECTION expires June 30, 2030.
14752		-	SECTION 248. An emergency is declared for this act.
14753		-	SEA 1 — Concur President of the Senate
14754		-	President Pro Tempore
14755		-	Speaker of the House of Representatives
14756		-	Governor of the State of Indiana
14757		-	Date: Time:
14758		-	SEA 1 — Concur
	15142	+	the county".
	15143	+	Page 287, line 39, delete "spring" and insert "fall".
	15144	+	Page 288, line 3, delete "ensuing" and insert "current".
	15145	+	Page 288, delete lines 39 through 42.
	15146	+	Page 289, delete line 1.
	15147	+	Page 289, line 2, delete "(2)" and insert "(1)".
	15148	+	Page 289, line 7, delete "(3) and insert "(2)".
	15149	+	Page 291, line 28, delete "spring" and insert "fall".
	15150	+	Page 291, line 34, delete "ensuing" and insert "current".
	15151	+	ES 1—LS 7244/DI 120 351
	15152	+	Renumber all SECTIONS consecutively.
	15153	+	(Reference is to ESB 1 as printed April 7, 2025.)
	15154	+	THOMPSON
	15155	+	ES 1—LS 7244/DI 120