ensuing calendar year; multiplied by
(ii) the assessed value growth quotient determined for
the civil taxing unit under IC 6-1.1-18.5-2 for the year;
plus
(2) the difference between:
(A) the county's ad valorem property tax levies under
IC 6-1.1-18.6-2 and IC 6-1.1-18.6-2.2 for a particular
calendar year; minus
(B) the maximum permissible ad valorem property tax
levies of the county for a particular calendar year that
would result if:
(i) the county's property tax levy for the county family
and children's fund for the preceding calendar year were
substituted for the IC 6-1.1-18.6-2(2) amount in the
calculation of the maximum permissible county family
and children property tax levy for the year; and
(ii) the county's children's psychiatric residential
treatment services property tax levy for the preceding
calendar year were substituted for the
IC 6-1.1-18.6-2.2(2) amount in the calculation of the
maximum permissible county children's psychiatric
residential treatment services property tax levy for the
year.
to the taxing district.
STEP TWO: Divide:
(A) that part of the estimated property tax replacement amount
attributable to the taxing district; by
(B) the STEP ONE sum.
STEP THREE: Multiply:
(A) the STEP TWO quotient; times
(B) the taxes levied in the taxing district that are allocated to a
special fund under IC 6-1.1-39-5.
(d) The sum of the amounts determined under subsections (a)
through (c) is the particular county's estimated distribution for the
calendar year.
county treasurer from the property tax replacement fund the remaining
one-half (1/2) of each estimated distribution for that year. The amount
of the distribution for each of these periods shall be according to a
schedule determined by the property tax replacement fund board under
section 10 of this chapter. The estimated distribution for each county
may be adjusted from time to time by the department to reflect any
changes in the total county tax levy upon which the estimated
distribution is based.
(c) On or before December 31 of each year or as soon thereafter as
possible, the department shall make a final determination of the amount
which should be distributed from the property tax replacement fund to
each county for that calendar year. This determination shall be known
as the final determination of distribution. The department shall distribute
to the county treasurer or receive back from the county treasurer any
deficit or excess, as the case may be, between the sum of the
distributions made for that calendar year based on the estimated
distribution and the final determination of distribution. The final
determination of distribution shall be based on:
(1) the auditor's abstract filed with the auditor of state, adjusted
for postabstract adjustments included in the December settlement
sheet for the year; and
(2) such additional information as the department may require.
The final distribution must exclude ineligible property tax
replacement excess amounts for the county.
(d) All distributions provided for in this section shall be made on
warrants issued by the auditor of state drawn on the treasurer of state.
If the amounts allocated by the department from the property tax
replacement fund exceed in the aggregate the balance of money in the
fund, then the amount of the deficiency shall be transferred from the
state general fund to the property tax replacement fund, and the auditor
of state shall issue a warrant to the treasurer of state ordering the
payment of that amount. However, any amount transferred under this
section from the general fund to the property tax replacement fund
shall, as soon as funds are available in the property tax replacement
fund, be retransferred from the property tax replacement fund to the
state general fund, and the auditor of state shall issue a warrant to the
treasurer of state ordering the replacement of that amount.
(e) Except as provided in subsection (i), the department shall not
distribute under subsection (b) and section 10 of this chapter the money
attributable to the county's property reassessment fund if:
(1) by the date the distribution is scheduled to be made, (1) the
county auditor has not sent a certified statement required to be
sent by that date under IC 6-1.1-17-1 to the department of local
government finance; or
(2) by the deadline under IC 36-2-9-20, the county auditor has not
transmitted data as required under that section; or
(2) (3) the county assessor has not forwarded to the department
of local government finance the duplicate copies of all
approved exemption applications required to be forwarded by that
date under IC 6-1.1-11-8(a).
(f) Except as provided in subsection (i), if the elected township
assessors in the county, the elected township assessors and the county
assessor, or the county assessor has not transmitted to the department
of local government finance by October 1 of the year in which the
distribution is scheduled to be made the data for all townships in the
county required to be transmitted under IC 6-1.1-4-25(b), the state
board or the department shall not distribute under subsection (b) and
section 10 of this chapter a part of the money attributable to the
county's property reassessment fund. The portion not distributed is the
amount that bears the same proportion to the total potential distribution
as the number of townships in the county for which data was not
transmitted by August 1 October 1 as described in this section bears to
the total number of townships in the county.
(g) Money not distributed under subsection (e) for the reasons stated
in subsection (e)(1) and (e)(2) shall be distributed to the county when:
(1) the county auditor sends to the department of local
government finance the certified statement required to be sent
under IC 6-1.1-17-1; and
(2) the county assessor forwards to the department of local
government finance the approved exemption applications required
to be forwarded under IC 6-1.1-11-8(a);
with respect to which the failure to send or forward resulted in the
withholding of the distribution under subsection (e).
(h) Money not distributed under subsection (f) shall be distributed
to the county when the elected township assessors in the county, the
elected township assessors and the county assessor, or the county
assessor transmits to the department of local government finance the
data required to be transmitted under IC 6-1.1-4-25(b) with respect to
which the failure to transmit resulted in the withholding of the
distribution under subsection (f).
(i) The restrictions on distributions under subsections (e) and (f) do
not apply if the department of local government finance determines that:
(1) the failure of:
(A) a county auditor to send a certified statement; or
(B) a county assessor to forward copies of all approved
exemption applications;
as described in subsection (e); or
(2) the failure of an official to transmit data as described in
subsection (f);
is justified by unusual circumstances.".