Tax Court upholds agency’s loan decision
The Indiana Tax Court has upheld a state agency’s decision approving loans to fund fire department operations in a Morgan County township.In Virginia Perry and Gregg Terhune, et al. v. Indiana Department of Local Government Finance, et al., No. 49T10-0712-TA-78, the court affirmed the DLGF’s approval of two Madison Township loans – a reduced $409,000 emergency amount for operating expenses and $650,000 for new vehicles and equipment – that the petitioning taxpayers didn’t want to pay for in 2007. Those taxpayers argued…