Indebtedness and pension obligations remain with the responsible taxpayers
Ind. Code § 36-1.5-4.1-29
in effectSec. 29. The following apply:
(1) Indebtedness that was incurred by the recipient municipality or designated township before January 1, 2029:
(A) may not be imposed on taxpayers that were not responsible for payment of the indebtedness before January 1, 2029; and
(B) must be paid by the taxpayers that were responsible for payment of the indebtedness before January 1, 2029.
(2) Pension obligations existing as of January 1, 2029:
(A) may not be imposed on taxpayers that were not responsible for payment of the pension obligations before January 1, 2029; and
(B) must be paid by the taxpayers that were responsible for payment of the pension obligations before January 1, 2029.
As added by P.L.134-2026, SEC.3.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/36Fetched: 10/17/2026