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Sec. 2.7. (a)?A county fiscal body may adopt an ordinance to impose a tax rate for correctional facilities and rehabilitation facilities in the county. ?The tax rate must be in increments of one-hundredth of one percent (0.01%) and may not exceed two-tenths of one percent (0.2%). ?The tax rate may not be in effect for more than twenty-two (22) years. ?If an ordinance is adopted after June 30, 2019, to impose a tax rate under this section, not more than twenty percent (20%) of the revenue from the tax rate under this section may be used for operating expenses for correctional facilities and rehabilitation facilities in the county.
(b)?The revenue generated by a tax rate imposed under this section must be distributed directly to the county before the remainder of the expenditure rate revenue is distributed. ?The revenue shall be maintained in a separate dedicated county fund and used by the county only for paying for correctional facilities and rehabilitation facilities in the county.
Cite this article: FindLaw.com - Indiana Code Title 6. Taxation § 6-3.6-6-2.7 - last updated June 08, 2021 | https://codes.findlaw.com/in/title-6-taxation/in-code-sect-6-3-6-6-2-7.html
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