Note: This version of section effective 7-1-2027. See also preceding version of this section, effective until 7-1-2027.

1. (1) the amount reported on individual income tax returns processed by the department during the previous fiscal year;
2. (2) adjustments for over distributions in prior years; and
3. (3) adjustments for clerical or mathematical errors in prior years.

Sec. 9. The budget agency shall provide the adopting body with an informative summary of the calculations used to determine the certified distribution. The summary of calculations must include:

As added by P.L.243-2015, SEC.10. Amended by P.L.197-2016, SEC.66; P.L.257-2019, SEC.72; P.L.68-2025, SEC.163.