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Current as of January 02, 2024 | Updated by FindLaw Staff
Sec. 5. (a) A local income tax council may adopt an exemption ordinance that exempts new personal property located in the county from property taxation as provided in section 6 of this chapter.
(b) For purposes of adopting an exemption ordinance under this chapter, a local income tax council is comprised of the same members as the local income tax council that is established by IC 6-3.6-3-1 for the county, regardless of whether a local income tax is in effect in the county and regardless of how the local income tax in effect in the county is allocated. Except as provided in this chapter, the local income tax council shall use the same procedures that apply under IC 6-3.6-3 when acting under this chapter.
(c) Before adopting an exemption ordinance under this section, a local income tax council must conduct a public hearing on the proposed exemption ordinance. The local income tax council must publish notice of the public hearing in accordance with IC 5-3-1.
(d) The local income tax council shall provide a certified copy of an adopted exemption ordinance to the department of local government finance and the county auditor.
Cite this article: FindLaw.com - Indiana Code Title 6. Taxation § 6-1.1-10.3-5 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-6-taxation/in-code-sect-6-1-1-10-3-5/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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