Indiana § 12-20-25-34 - Financial plan; contents
Full text of Indiana Indiana Code § 12-20-25-34 — Financial plan; contents, with citation guidance and answers to common questions.
§ 12-20-25-34. Financial plan; contents
Note: This version of section effective until 7-1-2028. See also following version of this section, effective 7-1-2028.
Sec. 34. The financial plan adopted under section 33 of this chapter may include the following:
(1) The adoption in the current year of a local income tax rate under IC 6-3.6 not to exceed one percent (1%). If a local income tax rate is imposed under this chapter, the ordinance must specify whether any revenue in excess of the rate needed to carry out the financial plan is to be used for property tax relief (IC 6-3.6-5) or as additional revenue (IC 6-3.6-6). The revenue from the tax rate under this section shall be distributed as provided in this chapter. The adoption of a local income tax rate under this chapter is in addition to the local income tax rate under IC 6-3.6 that may already be in effect in the county.
(2) The payment of township assistance with county money.
(3) The elimination or reduction of township assistance services not required under this article.
[Pre-1992 Revision Citation: 12-2-14-29.]
As added by P.L.2-1992, SEC.14. Amended by P.L.73-2005, SEC.135; P.L.197-2016, SEC.103.
IC 12-20-25-34Financial plan; contents Revisor's Note: The effective date of this section, as amended by P.L.68-2025, was amended by P.L.157-2026, SEC.290 to 7-1-2028.
Note: This version of section effective 7-1-2028. See also preceding version of this section, effective until 7-1-2028.
Sec. 34. The financial plan adopted under section 33 of this chapter may include the following:
(1) The adoption in the current year of a local income tax rate under IC 6-3.6 not to exceed one percent (1%). If a local income tax rate is imposed under this chapter, the ordinance must specify whether any revenue in excess of the rate needed to carry out the financial plan is to be used for property tax relief (IC 6-3.6-5) (before its expiration) or as additional revenue (IC 6-3.6-6). The revenue from the tax rate under this section shall be distributed as provided in this chapter. The adoption of a local income tax rate under this chapter is in addition to the local income tax rate under IC 6-3.6 that may already be in effect in the county.
(2) The payment of township assistance with county money.
(3) The elimination or reduction of township assistance services not required under this article.
[Pre-1992 Revision Citation: 12-2-14-29.]
As added by P.L.2-1992, SEC.14. Amended by P.L.73-2005, SEC.135; P.L.197-2016, SEC.103; P.L.68-2025, SEC.197.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 12-20-25-34
What does Indiana Code § 12-20-25-34 cover?
Section 12-20-25-34 ("Financial plan; contents") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 12-20-25-34?
A common citation format is "Indiana Code § 12-20-25-34" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 12-20-25-34 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.