IC 6-3.6-9-9 (Version a): Summary of calculations used to determine certified distributions; contents

Sec. 9. The budget agency shall provide the adopting body with an informative summary of the calculations used to determine the certified distribution. The summary of calculations must include:

(1) the amount reported on individual income tax returns processed by the department during the previous fiscal year;

(2) adjustments for over distributions in prior years;

(3) adjustments for clerical or mathematical errors in prior years; and

(4) adjustments for tax rate changes.