IC 36-1.5-3
    Chapter 3. Adjustment of Maximum Permissible Levies, TaxRates, and Budgets

IC 36-1.5-3-1
Submission of ordinance or resolution to department of localgovernment finance
    Sec. 1. A certified copy of an ordinance or a resolution, includingany incorporated agreement, that is adopted under this article mustbe submitted to the department of local government finance.
As added by P.L.186-2006, SEC.4.

IC 36-1.5-3-2
Actions by department of local government finance
    Sec. 2. The department of local government finance may take anaction under this chapter in the manner prescribed by the departmentof local government finance in its rules adopted under IC 4-22-2.
As added by P.L.186-2006, SEC.4.

IC 36-1.5-3-3
Petition by political subdivision for review of final determination
    Sec. 3. A political subdivision may petition for judicial review ofa final determination of the department of local government financeunder this chapter. The petition must be filed in the tax court notmore than forty-five (45) days after the department of localgovernment finance enters its order under this chapter.
As added by P.L.186-2006, SEC.4.

IC 36-1.5-3-4
Adjustment of maximum property tax levies, property tax rates,and budgets
    Sec. 4. Subject to this chapter, the department of local governmentfinance shall adjust the maximum permissible property tax levies,maximum permissible property tax rates, and budgets of politicalsubdivisions that enter into a reorganization under this article as thedepartment of local government finance determines necessary to dothe following:
        (1) Eliminate double taxation by different political subdivisionsfor services or goods provided under this article.
        (2) Eliminate any excess by which the amount of property taxesimposed by a political subdivision exceeds the amountnecessary to pay for services or goods provided under thisarticle.
        (3) Restore taxing powers of a political subdivision after thetermination of a reorganization under this article that arenecessary to fund governmental services to the individuals andentities served by the political subdivision.
        (4) Restore taxing powers of a political subdivision after thewithdrawal of a party from a reorganization under this articlethat are necessary to fund governmental services to the

individuals and entities served by the political subdivision.
As added by P.L.186-2006, SEC.4.

IC 36-1.5-3-5
Savings by political subdivision through reorganization
    Sec. 5. The department shall establish a formula for adjustingmaximum permissible property tax levies, maximum permissibleproperty tax rates, and budgets under this chapter that permits apolitical subdivision (or a successor political subdivision) thatrealizes a:
        (1) savings to its taxpayers; or
        (2) reduction in the reasonably foreseeable expenses that wouldotherwise be incurred by its taxpayers;
through a reorganization under this article to continue to levy part ofthe realized savings or reduction. The adjustment under this sectionmay not exceed fifty percent (50%) of the savings or reductionrealized in the first full year of operation after the reorganization isimplemented, as determined by the department of local governmentfinance.
As added by P.L.186-2006, SEC.4.