Ind. Code § 6-3.6-8-1

Current through P.L. 171-2024

Section 6-3.6-8-1 - Determination of tax rates; different tax rates in a taxable year

If for any taxable year a local taxpayer is subject to different tax rates for the tax imposed by a particular county, the taxpayer's tax rate for that county and that taxable year is the rate determined in the last STEP of the following STEPS:

STEP ONE: For each tax rate in effect in a year, multiply:

(A) the number of months in the taxpayer's taxable year in which the rate is in effect; by

(B) the rate.

STEP TWO: Divide:

(A) the sum of the amounts determined under STEP ONE; by

(B) twelve (12).

IC 6-3.6-8-1

Added by P.L. 243-2015, SEC. 10, eff. 7/1/2015.