{"data":{"id":"us-in/ic-6-1.1-20.6-9.5","jurisdiction":"us-in","citation":"IC 6-1.1-20.6-9.5","heading":"Effect of credit on revenues","body":"Sec. 9.5. (a) This section applies only to credits under this chapter against property taxes first due and payable after December 31, 2006.\n(b) The application of the credit under this chapter, IC 6-1.1-49, or IC 6-1.1-51.3 results in a reduction of the property tax collections of each political subdivision in which the credit is applied. Except as provided in IC 20-46-1 and IC 20-46-9, a political subdivision may not increase its property tax levy to make up for that reduction.\n(c) A political subdivision may not borrow money to compensate the political subdivision or any other political subdivision for the reduction of property tax collections referred to in subsection (b).","path":["TITLE 6. TAXATION","ARTICLE 1.1. PROPERTY TAXES","Chapter 20.6. Credit for Excessive Property Taxes"],"source_url":"https://iga.in.gov/ic/2026/Title_6.html#6-1.1-20.6-9.5","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-09T01:51:39Z","sha256":"fb5746d3be2267b7f389913fe76c27c9fa36ed1db76d88dc2696fa9b286972dd","source_id":"us-in","stale":false,"prev":"us-in/ic-6-1.1-20.6-9","next":"us-in/ic-6-1.1-20.6-9.8"},"notice":"GroundRules: Original legal text. Not legal advice."}