Indiana Code — Title 6 (Taxation)
IC 6-1.1-20-12
Distribution of levy approved in referendum
Sec. 12.
# (a)
This section applies to taxes first due and payable in 2012 or a subsequent year.
# (b)
The county auditor shall distribute proceeds collected from an allocation area (as defined in IC 6-1.1-21.2-3) that are attributable to property taxes imposed after being approved by the voters in a referendum conducted after April 30, 2010, to the taxing unit for which the referendum was conducted.
# (c)
The amount to be distributed under subsection (b) shall be treated as part of the referendum levy for purposes of setting tax rates for property taxes imposed after being approved by the voters in a referendum conducted after April 30, 2010.
# (d)
For a school corporation that conducted a referendum after November 1, 2009, and before May 1, 2010, for distributions after 2013, the county auditor shall distribute proceeds collected from an allocation area (as defined in IC 6-1.1-21.2-3) that are attributable to property taxes imposed after being approved by the voters in the referendum, to the school corporation for which the referendum was conducted. The amount to be distributed to the school corporation shall be treated as part of the referendum levy for purposes of setting the school corporation's tax rates.
As added by P.L.203-2011, SEC.1. Amended by P.L.257-2013, SEC.19.
Amendment history
As added by P.L.203-2011, SEC.1. Amended by P.L.257-2013, SEC.19.
Source: view the official text
Nearby sections (25 sections)
- 6-1.1-20-4.5 · Maintenance emergencies
- 6-1.1-20-4.6 · Department of local government finance; determination of…
- 6-1.1-20-5 · Issuance of bonds or leases in excess of $5,000;…
- 6-1.1-20-6 · Department of local government finance hearing on…
- 6-1.1-20-7 · Interest rate in excess of 8%; approval by department of…
- 6-1.1-20-7.5 · Review and approval by department of local government
- 6-1.1-20-8 · Repealed
- 6-1.1-20-8.5 · Repealed
- 6-1.1-20-9 · Public improvement bonds, ordinance, or resolution;
- 6-1.1-20-10 · Restrictions on promoting a position on a petition and
- 6-1.1-20-10.1 · Restrictions on promoting a position on a referendum
- 6-1.1-20-11 · Standards; validity of signatures on petition
- 6-1.1-20-12 · Distribution of levy approved in referendum
- 6-1.1-20.2-1 · "Board"
- 6-1.1-20.2-2 · "Eligible county"
- 6-1.1-20.2-3 · Eligible county may apply to board for loan
- 6-1.1-20.2-4 · Board determines terms of any loan after review by budget
- 6-1.1-20.2-5 · Interest on loan
- 6-1.1-20.2-6 · Term of loan repayment; penalty
- 6-1.1-20.2-7 · Disbursement of loan proceeds by board
- 6-1.1-20.2-8 · Repayment of loan by eligible county from any revenue…
- 6-1.1-20.2-9 · Obligation to repay loan not basis to obtain excessive…
- 6-1.1-20.2-10 · Deposit by board of loan payments
- 6-1.1-20.2-11 · Loan proceeds received not considered part of levy…
- 6-1.1-20.2-12 · Chapter constitutes complete authority for loans