AN ORDINANCE OF THE TOWN OF LAPEL, MADISON COUNTY, INDIANA MODIFYING LOCAL INCOME TAX RATES.
BE IT ORDAINED by the Town Council of Lapel, Madison County, Indiana that a need now exists to modify the local income tax rates imposed in the following way:
| Allocation Rate Category | Existing LIT Rate | Proposed Lit Rate |
| Certified Shares (IC 6-3.6-6) | 1.00% | 1.00% |
| Public Safety (IC 6-3.6-6) | 0.25% | 0.55% |
| Economic Development (IC 6-3.6-6) | 0.00% | 0.00% |
| Property Tax Relief Rate (IC 6-3.6-6) | 0.50% | 0.50% |
The local income tax rates proposed above will become effective on January 1, 2022.
BE IT FURTHER RESOLVED that a public hearing was held on the proposed local income tax rate modifications on October 21, 2021. Proper notice of the public hearing was provided pursuant to IC 5-3-1
DULY ADOPTED AND APPROVED by the Lapel Town Council this 21st day of October 2021.
Further Information
14-2021
Date Passed: 10/21/2021
Date Passed: 10/21/2021