Note: This version of section effective until 7-1-2027. See also following version of this section, effective 7-1-2027. Sec. 5. (a) A local income tax council may adopt an exemption ordinance that exempts new personal property located in the county from property taxation as provided in section 6 of this chapter. (b) For purposes of adopting an exemption ordinance under this chapter, a local income tax council is comprised of the same members as the local income tax council that is established by IC 6-3.6-3-1 for the county, regardless of whether a local income tax is in effect in the county and regardless of how the local income tax in effect in the county is allocated. Except as provided in this chapter, the local income tax council shall use the same procedures that apply under IC 6-3.6-3 when acting under this chapter. (c) Before adopting an exemption ordinance under this section, a local income tax council must conduct a public hearing on the proposed exemption ordinance. The local income tax council must publish notice of the public hearing in accordance with IC 5-3-1 . (d) The local income tax council shall provide a certified copy of an adopted exemption ordinance to the department of local government finance and the county auditor. IC 6-1.1-10.3-5 Adoption of exemption ordinance by county adopting body Note: This version of section effective 7-1-2027. See also preceding version of this section, effective until 7-1-2027. Sec. 5. (a) A county adopting body specified in IC 6-3.6-3-1 (a) may adopt an exemption ordinance that exempts new personal property located in the county from property taxation as provided in section 6 of this chapter. (b) Except as provided in this chapter, the county adopting body shall use the same procedures that apply to county adopting bodies under IC 6-3.6-3 when acting under this chapter. (c) Before adopting an exemption ordinance under this section, a county adopting body must conduct a public hearing on the proposed exemption ordinance. The county adopting body must publish notice of the public hearing in accordance with IC 5-3-1 . (d) The county adopting body shall provide a certified copy of an adopted exemption ordinance to the department of local government finance and the county auditor.
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