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Processed Collections from July 1, 2013 to June 30, 2014 under 6-3.5-6-17(a) Amount reported on individual income tax returns processed between July 1, 2013 and December 31, 2013 $4,437,553 Amount reported on individual income tax returns processed between January 1, 2014 and June 30, 2014** $49,848,800 Total FY 2014 Processed Collections $54,286,353 Adjustments allowed under IC 6-3.5-6 IC 6-3.5-6-17(c) Statutory adjustments for a negative balance $0 IC 6-3.5-6-17(d) Adjustment of clerical or mathematical errors in any prior year $0 IC 6-3.5-6-17(e) Adjustment for initial imposition, rate increase, or rate decrease $21,621,751 IC 6-3.5-6-17(f) Adjustment for increase in rate for property tax levy replacement $0 Total Adjustments $21,621,751 Total CY 2015 Certified Distribution after Adjustments†† $75,908,104 Breakdown of CY 2015 Certified Distribution after Adjustments COIT Base (distributive shares and homestead credits) $47,941,960 COIT for Correctional Facilities $0 COIT for Property Tax Replacement/Levy Freeze $0 COIT for Public Safety funding $7,990,327 COIT for Property Tax Relief $19,975,817 Total CY 2015 Certified Distribution after Adjustments†† $75,908,104 CY 2015 Tax Rates IC 6-3.5-6-8 COIT Base 0.6000% IC 6-3.5-6-30 COIT for Property Tax Replacement/Levy Freeze 0.0000% IC 6-3.5-6-32 COIT for Property Tax Relief 0.2500% IC 6-3.5-6-31 COIT for Public Safety Funding 0.1000% Total Tax Rate 0.9500% Calculation of Excess Balance under IC 6-3.5-6-17.3 Account balance as of December 31, 2012 $3,418,107 Estimated account balance for December 31, 2013 $9,132,150 Excess Account Balance to be Distributed in January 2015 Pursuant to IC 6-3.5-6-17.3 $0 This report has been prepared by the Indiana State Budget Agency pursuant to IC 6-3.5-6-17(b). All data based on certifications completed 9/30/2014. Rate changes not included in this certification are not reflected here. Allen Certified Distribution Calculation Breakdown County Option Income Tax CY 2015 Certified Distributions Note: IC 6-3.5-6-17.3 requires an entity receiving a distribution of an excess balance to deposit that distribution in a Rainy Day Fund established under IC 36-1-8- 5.1. NOTE: The amount presented here will change if there is a rate change between September 30, 2014 and October 31, 2014. **NOTE: The amounts presented here changed from the reports released on August 29, 2014 due to the Department of Revenue's identification of taxpayer fraud. ---PAGE BREAK--- Processed Collections from July 1, 2012 to June 30, 2013 under 6-3.5-6-17(a) Processed Collections from July 1, 2013 to June 30, 2014 under 6-3.5-6-17(a) Amount reported on individual income tax returns processed between July 1, 2012 and December 31, 2012 $5,454,657 Amount reported on individual income tax returns processed between July 1, 2013 and December 31, 2013 $4,437,553 Effective tax rate for tax year 2011 0.6000% Effective tax rate for tax year 2012 0.6000% Processed Collections at 0.1% from July 1, 2012 to December 31, 2012 $909,110 Processed Collections at 0.1% from July 1, 2013 to December 31, 2013 $739,592 Amount reported on individual income tax returns processed between January 1, 2013 and June 30, 2013 $43,374,662 Amount reported on individual income tax returns processed between January 1, 2014 and June 30, 2014** $49,848,800 Effective tax rate for tax year 2012 0.6000% Effective tax rate for tax year 2013 0.6875% Processed Collections at 0.1% from January 1, 2013 to June 30, 2013 $7,229,110 Processed Collections at 0.1% from January 1, 2014 to June 30, 2014 $7,250,735 IC 6-3.5-6-17(a) Total FY 2013 Processed Collections $48,829,319 IC 6-3.5-6-17(a) Total FY 2014 Processed Collections $54,286,353 Processed Collections at 0.1% from July 1, 2012 to June 30, 2013 $8,138,220 Processed Collections at 0.1% from July 1, 2013 to June 30, 2014 $7,990,327 Adjustments allowed under IC 6-3.5-6 Adjustments allowed under IC 6-3.5-6 IC 6-3.5-6-17(c) Statutory adjustments for a negative balance $0 IC 6-3.5-6-17(c) Statutory adjustments for a negative balance $0 IC 6-3.5-6-17(d) Adjustment of clerical or mathematical errors in any prior year $0 IC 6-3.5-6-17(d) Adjustment of clerical or mathematical errors in any prior year $0 IC 6-3.5-6-17(e) Adjustment for initial imposition, rate increase, or rate decrease $28,483,770 IC 6-3.5-6-17(e) Adjustment for initial imposition, rate increase, or rate decrease $21,621,751 IC 6-3.5-6-17(f) Adjustment for increase in rate for property tax levy replacement $0 IC 6-3.5-6-17(f) Adjustment for increase in rate for property tax levy replacement $0 Total Adjustments $28,483,770 Total Adjustments $21,621,751 Total CY 2014 Certified Distribution after Adjustments $77,313,089 Total CY 2015 Certified Distribution after Adjustments†† $75,908,104 Year Over Year Comparisons Percent change in total certified distributions from CY 2014 to CY 2015 -1.8173% Percent change in certified distribution that is due to a difference in the negative balance adjustment 0.0000% Percent change in certified distribution that is due to processed collections -1.8173% Percent change in certified distribution that is due to a rate change for CY 2015 distributions 0.0000% Total Percent Change in Certified Distribution -1.8173% **NOTE: The amounts presented here changed from the reports released on August 29, 2014 due to the Department of Revenue's identification of taxpayer fraud. NOTE: The amount presented here will change if there is a rate change between September 30, 2014 and October 31, 2014. Allen Explanation of Change from CY 2014 to CY 2015 County Option Income Tax CY 2014 Certified Distributions CY 2015 Certified Distributions