The local income tax rates proposed below will become effective on October 1, 2019, and will remain in effect until modified by ordinance of the County Council. The rate imposed under I.C. 6-3.6-6-2.7 may not be in effect for more than 22 years.
Allocation Rate Category
|
Existing LIT Rate
|
Proposed LIT Rate
|
Allocation Rate Category
|
Existing LIT Rate
|
Proposed LIT Rate
|
Certified shares (I.C. 6-3.6-6) | 1% | 1% |
Correctional or rehabilitation facilities (I.C. 6-3.6-6-2.7) | 0.20% | 0.20% |
Economic development (I.C. 6-3.6-6) | 0.25% | 0.25% |
Property tax relief rate (I.C. 6-3.6-5) | 0.15% | 0.15% |
Public safety (I.C. 6-3.6-6) | 0.10% | 0.10% |
Special purpose rate (I.C. 6-3.6-7) | 0% | 0% |
Total | 1.70% | 1.70% |
(Council Ord. 2019-30, passed 8-28-2019; Council Ord. 2022-42, passed 8-23-2022)