Indiana Code — Title 6 (Taxation)
IC 6-1.1-21.9-4
Effects on levy excess funds; effects of receipt of delinquent
taxes
Sec. 4. (a) As used in this section, "delinquent tax" means any tax not paid during the calendar year in which the tax was first due and payable.
(b) Except as provided in subsection (c), the following are not considered to be part of the ad valorem property tax levy actually collected by the qualified taxing unit for taxes first due and payable during a particular calendar year for the purpose of calculating the levy excess under IC 6-1.1-18.5-17 and IC 20-44-2.
# (1)
The proceeds of a loan received by the qualified taxing unit under this chapter.
# (2)
The receipt by a qualified taxing unit of any payment of delinquent tax owed by a qualified taxpayer.
(c) Delinquent tax owed by a qualified taxpayer received by a qualified taxing unit:
(1) must first be used toward the retirement of an outstanding loan made under this chapter; and
(2) is considered, only to the extent that the amount received exceeds the amount of the outstanding loan, to be part of the ad valorem property tax levy actually collected by the qualified taxing unit for taxes first due and payable during a particular calendar year for the purpose of calculating the levy excess under IC 6-1.1-18.5-17 and IC 20-44-2.
(d) If a qualified taxpayer pays delinquent tax during the term of repayment of an outstanding loan made under this chapter, the remaining loan balance is repayable in equal installments over the remainder of the original term of repayment.
(e) Proceeds of a loan made under this chapter may be expended by a qualified taxing unit only to pay obligations of the qualified taxing unit that have been incurred under appropriations for operating expenses made by the qualified taxing unit and approved by the department of local government finance.
As added by P.L.114-2006, SEC.3. Amended by P.L.146-2008, SEC.248.
Amendment history
As added by P.L.114-2006, SEC.3. Amended by P.L.146-2008, SEC.248.
Source: view the official text
Nearby sections (25 sections)
- 6-1.1-21.5-5 · Terms of loan; interest; repayment; depository
- 6-1.1-21.5-6 · Loan proceeds and delinquent tax payments; levy excess
- 6-1.1-21-5 · (before its repeal) in respect to such taxes is considered…
- 6-1.1-21.8-1 · "Board" defined
- 6-1.1-21.8-2 · "Qualified taxing unit"
- 6-1.1-21.8-3 · Loan application; prerequisites to grant of loan
- 6-1.1-21.8-4 · Loan terms; repayment schedule
- 6-1.1-21.8-5 · Maximum loan amount for a particular qualified taxing…
- 6-1.1-21.8-6 · "Delinquent tax"; loan proceeds and delinquent tax…
- 6-1.1-21.9-1 · Definitions
- 6-1.1-21.9-2 · Qualified taxing unit
- 6-1.1-21.9-3 · Board determines terms of loan and disburses…
- 6-1.1-21.9-4 · Effects on levy excess funds; effects of receipt of…
- 6-1.1-21.9-5 · Loan is not bonded indebtedness
- 6-1.1-22-1 · "Personal property" defined
- 6-1.1-22-2 · Description of real property; sufficiency
- 6-1.1-22-3 · Tax duplicate; contents; maintenance; delivery
- 6-1.1-22-4 · Notice of tax rate
- 6-1.1-22-5 · Preparation and delivery to the department of local
- 6-1.1-22-6 · Register of taxes and special assessments
- 6-1.1-22-6.5 · Refusal of third party to pay upon proper presentment
- 6-1.1-22-7 · Daily cash book
- 6-1.1-22-8 · Repealed
- 6-1.1-22-8.1 · Property taxes, assessments, and payments; time of…
- 6-1.1-22-8.2 · Donations of taxpayers in county with consolidated city;