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Indiana Code — Title 6 (Taxation)

IC 6-1.1-21.2-15

Special assessment and tax collections deposited in special

Official textiga.in.govlast amended

fund; inapplicability of certain provisions to special assessments and taxes; exception from levy limits
Sec. 15.

# (a)

As the special assessment or tax imposed under this chapter is collected by the county treasurer, it shall be transferred to the governing body and accumulated and kept in the special fund for the allocation area.

# (b)

A special assessment or tax levied under this chapter is not subject to IC 6-1.1-20.

# (c)

A special assessment or tax levied under this chapter and the use of revenues from a special assessment or tax levied under this chapter by a governing body do not create a constitutional or statutory debt, pledge, or obligation of the governing body, the district, or any county, city, town, or township.

# (d)

The ad valorem property tax levy limits imposed by IC 6-1.1-18.5-3 or another provision of IC 6-1.1-18.5 do not apply to a special assessment or tax imposed under this chapter. For purposes of computing the ad valorem property tax levy limit imposed on a civil taxing unit under IC 6-1.1-18.5-3 or another provision of IC 6-1.1-18.5, the civil taxing unit's ad valorem property tax levy for a particular calendar year does not include a special assessment or tax imposed under this chapter.
As added by P.L.192-2002(ss), SEC.44. Amended by P.L.224-2007, SEC.40; P.L.146-2008, SEC.240; P.L.182-2009(ss), SEC.155.

Amendment history

As added by P.L.192-2002(ss), SEC.44. Amended by P.L.224-2007, SEC.40; P.L.146-2008, SEC.240; P.L.182-2009(ss), SEC.155.

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Nearby sections (25 sections)
  1. 6-1.1-21.2-4 · "Base assessed value"
  2. 6-1.1-21.2-5 · "District"
  3. 6-1.1-21.2-6 · "Governing body"
  4. 6-1.1-21.2-6.6 · "Obligation"
  5. 6-1.1-21.2-7 · "Property taxes"
  6. 6-1.1-21.2-8 · "Special fund"
  7. 6-1.1-21.2-9 · "Tax increment replacement amount"
  8. 6-1.1-21.2-10 · "Tax increment revenues"
  9. 6-1.1-21.2-11 · Tax increment replacement amount; calculation
  10. 6-1.1-21.2-12 · Governing body action to raise tax increment replacement
  11. 6-1.1-21.2-13 · Repealed
  12. 6-1.1-21.2-14 · Repealed
  13. 6-1.1-21.2-15 · Special assessment and tax collections deposited in…
  14. 6-1.1-21.2-16 · Adjustment for tax benefit
  15. 6-1.1-21.3-1 · "Board", "qualified taxing unit", and "qualifying…
  16. 6-1.1-21.3-2 · Qualifying taxing unit may apply to board for loan
  17. 6-1.1-21.3-3 · Determination of terms of loan by board; loan conditions;
  18. 6-1.1-21.3-4 · Certain amounts not considered for determination of levy
  19. 6-1.1-21.3-5 · Loan not bonded indebtedness
  20. 6-1.1-21.4-0.5 · "ADM"
  21. 6-1.1-21.4-1 · "Board"
  22. 6-1.1-21.4-2 · "Eligible school corporation"
  23. 6-1.1-21.4-3 · Eligible school corporation; maximum loan; loan terms
  24. 6-1.1-21.4-3.5 · Termination of authority to make loans
  25. 6-1.1-21.4-4 · Board determination of loan amount; disbursement of…
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