MEMORANDUM
TO: County Auditors and Vendors
FROM: Megan McDermott, Assistant Director of Data Analysis, Department of Local Government Finance and Jim Landers, Director of Fiscal and Management Analysis, Legislative Services Agency
SUBJECT: Update to 50 IAC 26 Code List 37 – Adjustment Codes
DATE: February 18, 2014
The purpose of this memorandum is to inform county auditors and vendors about an update to Code List 37 – Adjustment Codes, as defined by 50 IAC 26.
Under 50 IAC 26-20-3, the Department of Local Government Finance (“DLGF”) and Legislative Services Agency (“LSA”) jointly manage code lists for required data submissions. Effective February 18, 2014, “Code 68 – Seminary Fund Credit (Vanderburgh County Only)” is added to Code List 37. The revised Code List 37 is listed below. This code change should be used beginning with pay 2014.
If you have any questions, please contact Assistant Director of Data Analysis Megan McDermott atmmcdermott@dlgf.in.gov or (317) 233-8347.
Code List 37 – Adjustment Codes (Deductions, Exemptions, and Credits)
Applied to the following fields for data submission to DLGF and LSA:
ADJMENTS table Adjustment Code field
ALLCERRATE table Rate Type Code field
CODE
|
VALUE
|
NOT VALID AFTER PAY 200X
|
01
|
MORTGAGE
| |
02
|
HOMESTEAD CREDIT (STATE, COIT, CEDIT)
| |
03
|
STANDARD DEDUCTION
| |
04
|
OVER 65
| |
05
|
BLIND
| |
06
|
DISABLED
| |
07
|
VET TOTAL DISABILITY
| |
08
|
VET PARTIAL DISABILITY
| |
09
|
VETERAN WORLD WAR 1
| |
10
|
SPOUSE VETERAN WORLD WAR 1
| |
11
|
REHABILITATED RESIDENTIAL PROPERTY
| |
12
|
REHABILITATED PROPERTY
| |
13
|
SOLAR ENERGY SYSTEMS/WIND POWER DEVICES
| |
14
|
RESOURCE RECOVERY SYSTEMS
| |
15
|
HYDROELECTRIC POWER OR GEOTHERMAL ENERGY HEATING OR COOLING DEVICE
| |
16
|
REHABILITATION OR REDEVELOPMENT OF REAL PROPERTY IN ECONOMIC REVITALIZATION AREAS ABATEMENT
| |
17
|
TIF EXEMPTION
| |
18
|
PERSONAL PROPERTY SOLDIERS EXEMPTION
| |
19
|
RESOURCE RECOVER/COAL OR OIL SHALE SYSTEM
| |
20
|
ECONOMIC REVITALIZATION AREA-PERSONAL PROPERTY ABATEMENT
| |
21
|
ENTERPRISE ZONE
|
2007
|
22
|
TIF REPLACEMENT CREDIT
|
2008
|
23
|
FERTILIZER DEDUCTION
| |
24
|
PROPERTY TAX REPLACEMENT CREDIT (STATE)
|
2008
|
25
|
GOVERNMENT-OWNED, NON-TAXABLE
|
2008
|
26
|
EDUCATIONAL
| |
27
|
LITERARY
| |
28
|
SCIENTIFIC
| |
29
|
RELIGIOUS
| |
30
|
CHARITABLE
| |
31
|
HOSPITAL
| |
32
|
LOW INCOME RESIDENCE
| |
33
|
INDUSTRIAL WASTE CONTROL FACILITY
| |
34
|
POLLUTION CONTROL-PERSONAL PROPERTY
| |
35
|
LAKE/RESERVOIR
| |
36
|
LOW INCOME HOUSING
| |
37
|
FINE ARTS-PERSONAL PROPERTY
| |
38
|
FRATERNITY/SORORITY
| |
39
|
SPECIFIED ORGANIZATION
| |
40
|
INTERSTATE COMMERCE-PERSONAL PROPERTY
|
2008
|
41
|
TRUCK CHASSIS
|
2008
|
42
|
NON-RESIDENT AUTO DEALER
|
2008
|
43
|
BUS CHASSIS
|
2008
|
44
|
OTHER
| |
45
|
CEMETERY
| |
50
|
REAL INVESTMENT DEDUCTION
|
2010
|
51
|
PP INVESTMENT DEDUCTION
|
2010
|
52
|
UTILITY INVESTMENT DEDUCTION
|
2010
|
53
|
REAL EZ INVESTMENT DEDUCTION
| |
54
|
PERSONAL PROPERTY EZ INVESTMENT DEDUCTION
| |
55
|
CIRCUIT BREAKER CREDIT (EXCEPT OVER 65 CREDIT)
|
2007
|
56
|
OVER 65 CIRCUIT BREAKER CREDIT
| |
57
|
CEDIT RESIDENTIAL CREDIT
| |
58
|
LOIT HOMESTEAD CREDIT (HEA 1478-2007)
| |
59
|
LOIT RESIDENTIAL CREDIT (HEA 1478-2007)
| |
60
|
LOIT PTRC – ALL PROPERTY (HEA 1478-2007)
| |
61
|
CIRCUIT BREAKER CREDIT – HOMESTEAD RESIDENTIAL
| |
62
|
CIRCUIT BREAKER CREDIT – NON-HOMESTEAD RESIDENTIAL
| |
63
|
CIRCUIT BREAKER CREDIT – OTHER REAL AND PERSONAL PROPERTY
| |
64
|
SUPPLEMENTAL STANDARD DEDUCTION
| |
65
|
MODEL HOME DEDUCTION
| |
66
|
CERTIFIED TECHNOLOGY PARK DEDUCTION
| |
67
|
RESIDENCE IN INVENTORY
| |
68
|
SEMINARY FUND CREDIT (VANDERBURGH COUNTY ONLY)
|
