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.
Date Passed: 10/21/2021