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