MEMORANDUM
TO: All
Political Subdivisions
FROM: Micah G.
Vincent, Commissioner
RE: Changes
Affecting Fiscal Bodies under IC 6-1.1-17-20
DATE:
May 17,
2013
On May 11, 2013, Governor Mike Pence signed
into law Senate Enrolled Act 517 (“SEA 517”). Section 9 amends IC 6-1.1-17-20
for units whose budgets, tax rates, and levies are subject to binding adoption
under this statute such that the governing body must submit its proposed budget
and property tax levy to the city or town fiscal body for adoption
if:
(1) the assessed
valuation of a taxing unit is entirely contained within a city or town;
or
(2) the assessed
valuation of a taxing unit is not entirely contained within a city or town
but:
(A)
the taxing unit was
originally established by the city or town; or
(B) the
majority of the individuals serving on the governing body of the taxing unit are
appointed by the city or town.
Specifically, section 9 adds the
provision cited in (2)(B) above, which further clarifies when a unit is subject
to binding adoption by a city or town fiscal body. This amendment is effective
July 1, 2013.
Please note, this memorandum is
intended to be an informative bulletin, not a substitute for reading the law.
Questions may be directed to Staff Attorney Mike Duffy at (317) 233-9219 or mduffy@dlgf.in.gov.
