Section 6-3.6-9-9 - Summary of calculations used to determine certified distributions; contents The budget agency shall provide the adopting body with an informative summary of the calculations used to determine the certified distribution. The summary of calculations must include:
(1) the amount reported on individual income tax returns processed by the department during the previous fiscal year;(2) adjustments for over distributions in prior years;(3) adjustments for clerical or mathematical errors in prior years; and(4) adjustments for tax rate changes.Amended by P.L. 257-2019,SEC. 72, eff. 1/1/2019.Amended by P.L. 197-2016, SEC. 66, eff. 7/1/2016.Added by P.L. 243-2015, SEC. 10, eff. 7/1/2015.