The purpose of this email is to announce that the Department has posted the October certifications of the 2014 Local Option Income Tax Distribution reports on its webpage at the following location: http://www.in.gov/dlgf/2339.htm. These reports provide information on the 2014 distributions of the following local option income taxes to individual taxing units: County Adjusted Gross Income Tax (CAGIT), CAGIT Public Safety, County Economic Development Income Tax (CEDIT), County Option Income Tax (COIT) and COIT Public Safety.
Pursuant to SEA 544-2013, the State Budget Agency (SBA) shall provide each county auditor an estimate of the amount of income tax revenue available for distribution in the ensuing year before August 2. SBA shall then provide each county auditor the official certification of the amount of income tax revenue available for distribution in the ensuing year before October 1. The unit-level distributions posted at the above location are based on the October certifications and provide an update to the August estimates previously released.
Over the next several business days, the individual county reports will be emailed to each county auditor directly. County auditors should provide these unit-level distributions to each taxing unit in the county to assist with the 2014 budget adoption process.
