Sec. 17. (a) This section applies to a political subdivision if:
(1) the political subdivision combines or reorganizes a department, agency, or function of the political subdivision; and
(2) the political subdivision realizes through the combination or reorganization a:
(A) savings; or
(B) reduction in the reasonably foreseeable expenses that would otherwise have been incurred by the political subdivision if the combination or reorganization had not taken place.
(b) The fiscal body of a political subdivision shall specify by resolution the amount (if any) of the decrease that the department of local government finance shall make to the maximum permissible property tax levies, maximum permissible property tax rates, and budgets under IC 6-1.1-17 and IC 6-1.1-18.5 of a political subdivision described in subsection (a) to:
(1) eliminate double taxation by different political subdivisions for services; or
(2) eliminate any excess by which the amount of property taxes imposed by the political subdivision exceeds the amount necessary to pay for services.
(c) The fiscal body of the political subdivision shall determine and certify to the department of local government finance the amount of the adjustment (if any) to be made under subsection (b).
As added by P.L.58-2011, SEC.2. Amended by P.L.255-2013, SEC.3.