Indiana Code — Title 6 (Taxation)
IC 6-1.1-18.5-21
Civil taxing unit's determination that levy limits do not apply
to taxes to repay certain rainy day fund loans
Sec. 21. (a) A civil taxing unit may determine that the ad valorem property tax levy limits imposed by section 3 of this chapter do not apply to all or part of the ad valorem property taxes imposed to repay a loan under either or both of the following:
# (1)
IC 6-1.1-21.3.
# (2)
IC 6-1.1-21.9.
(b) This subsection applies to a civil taxing unit or school corporation located in Lake County that has received or is receiving a loan under IC 6-1.1-22.1. The ad valorem property tax levy limits imposed in section 3 of this chapter do not apply to all or part of the ad valorem property taxes imposed to repay a loan under IC 6-1.1-22.1 for the ensuing calendar year if:
(1) the civil taxing unit or school corporation provides to the department the information the department considers necessary to determine the amount of ad valorem property taxes imposed to repay the loan in the ensuing calendar year; and
(2) the information described in subdivision (1) is provided to the department not later than December 1 of the year preceding the ensuing calendar year.
As added by P.L.114-2006, SEC.1. Amended by P.L.182-2009(ss), SEC.138; P.L.236-2023, SEC.31.
Amendment history
As added by P.L.114-2006, SEC.1. Amended by P.L.182-2009(ss), SEC.138; P.L.236-2023, SEC.31.
Source: view the official text
Nearby sections (25 sections)
- 6-1.1-18.5-13.6 · Repealed
- 6-1.1-18.5-13.7 · Adjustment of certain maximum levies
- 6-1.1-18.5-13.8 · Expired
- 6-1.1-18.5-13.9 · Expired
- 6-1.1-18.5-14 · Department of local government finance correction of…
- 6-1.1-18.5-15 · Judicial review of department of local government…
- 6-1.1-18.5-16 · Civil taxing unit appeal to department of local…
- 6-1.1-18.5-17 · Civil taxing unit levy excess fund; use of fund
- 6-1.1-18.5-18 · Repealed
- 6-1.1-18.5-19 · Levy limit on taxes for township firefighting fund
- 6-1.1-18.5-19.1 · Expired
- 6-1.1-18.5-20 · Exemption from levy limits; local airport authorities
- 6-1.1-18.5-21 · Civil taxing unit's determination that levy limits do…
- 6-1.1-18.5-22.3 · Expired
- 6-1.1-18.5-22.5 · Gary sanitary district
- 6-1.1-18.5-23 · Adjustment of certain maximum levies
- 6-1.1-18.5-23.2 · Green Township in Hancock County; petition to increase
- 6-1.1-18.5-24 · Department of local government finance estimates of…
- 6-1.1-18.5-25 · Levy limit applicable to municipalities with certain…
- 6-1.1-18.5-26 · Expired
- 6-1.1-18.5-27 · Town of Winfield; maximum levies
- 6-1.1-18.5-28 · Sugar Creek Township Fire Protection District; maximum
- 6-1.1-18.5-29 · Otter Creek Township; maximum levies
- 6-1.1-18.5-30 · Howard County; maximum levies
- 6-1.1-18.5-31 · Maximum permissible ad valorem property tax levy for…