Indiana Code — Title 6 (Taxation)
IC 6-1.1-22.1-12
Loan proceeds; not considered part of ad valorem property tax
Official textiga.in.govlast amended
levy actually collected
Sec. 12. The proceeds of a loan under this chapter received by an eligible taxing unit 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 levy excess.
As added by P.L.236-2023, SEC.43.
Amendment history
As added by P.L.236-2023, SEC.43.
Source: view the official text
Nearby sections (25 sections)
- 6-1.1-22-19 · Deduction and credit information included on property tax
- 6-1.1-22.1-1 · "Board"
- 6-1.1-22.1-2 · "Qualified taxing unit"
- 6-1.1-22.1-3 · Application for loan from counter-cyclical revenue and
- 6-1.1-22.1-4 · Determination of the terms of loan
- 6-1.1-22.1-5 · Interest
- 6-1.1-22.1-6 · Limit on amount of loans; use of proceeds of a loan
- 6-1.1-22.1-7 · Requirement to repay loans
- 6-1.1-22.1-8 · Disbursement of loan proceeds in installments
- 6-1.1-22.1-9 · Source of loan repayment
- 6-1.1-22.1-10 · Exclusion of the loan obligation as basis to obtain an…
- 6-1.1-22.1-11 · Deposit of repayment amounts in the counter-cyclical…
- 6-1.1-22.1-12 · Loan proceeds; not considered part of ad valorem…
- 6-1.1-22.1-13 · Authority for the making of the loans; authorization;…
- 6-1.1-22.1-14 · Payment of unpaid amount due; funds held by the state…
- 6-1.1-22.1-15 · Loan; not bonded indebtedness
- 6-1.1-22.5-0.1 · Application of certain amendments to chapter
- 6-1.1-22.5-1 · "Commissioner"
- 6-1.1-22.5-2 · "Provisional statement"
- 6-1.1-22.5-3 · "Property taxes"
- 6-1.1-22.5-4 · "Reconciling statement"
- 6-1.1-22.5-5 · "Tax liability"
- 6-1.1-22.5-6 · Use of provisional statement authorized; notice to…
- 6-1.1-22.5-6.5 · Use of provisional statement for cross-county area
- 6-1.1-22.5-7 · Waiver by department of local government finance of use…