1. (a) The fiscal body shall at a regularly scheduled meeting:

   1. (1) review the petition and all other materials submitted by the board under section 5 of this chapter; and

   2. (2) determine whether to:

      1. (A) deny the petition;
      2. (B) recommend that the department waive the delinquent tax liability, subject to section 8(g) of this chapter; or

      3. (C) recommend that the department reduce the delinquent tax liability by a specified amount, subject to section 8(g) of this chapter.

         The fiscal body may recommend a reduction of the delinquent tax liability in an amount that differs from the amount of reduction recommended by the board.

2. (b) The fiscal body shall:

   1. (1) publish notice under IC 5-3-1 of its consideration of the petition under this section; and
   2. (2) forward to the department written notice of its action under this section.

As added by P.L.208-2005, SEC.1.