Section 6-1.1-41-4 - Submission of proposal to department of local government finance; certification(a) A political subdivision that in any year adopts a proposal under this chapter must submit the proposal to the department of local government finance: (1) before August 2 of that year, for years before 2018; and(2) before June 1 of that year, for years after 2017.(b) Subject to subsections (c) and (d), the department of local government finance shall certify to the political subdivision that the proposal has a property tax rate that does not exceed the maximum property tax rate allowed by the applicable statute described in section 1 of this chapter. If the proposal has a property tax rate that exceeds the maximum property tax rate allowed by the applicable statute described in section 1 of this chapter, the department of local government finance shall certify the proposal at a rate equal to the maximum property tax rate allowed by the applicable statute under section 1 of this chapter.(c) The department of local government finance may not decline to certify a proposal under subsection (b) unless the political subdivision fails to submit the proposal before the date described in subsection (a).(d) If a petition is filed pursuant to section 6 of this chapter, the department of local government finance may not certify a proposal under subsection (b) until: (1) a hearing has been conducted under section 7 of this chapter; and(2) a final determination has been made on the petition under section 9 of this chapter. If section 9 of this chapter applies, the department of local government finance may decline to certify the proposal.
Amended by P.L. 38-2021,SEC. 40, eff. 7/1/2021.Amended by P.L. 184-2016, SEC. 21, eff. 7/1/2016.As added by P.L. 17-1995, SEC.6. Amended by P.L. 90-2002, SEC.275.