Indiana Code — Title 6 (Taxation)
IC 6-1.1-22.1-2
"Qualified taxing unit"
Sec. 2. As used in this chapter, "qualified taxing unit" means a city, township, or school corporation located in Lake County that experienced a property tax revenue shortfall in one
# (1)
or more tax years:
(1) that resulted from erroneous assessed valuation figures being provided to the city, township, or school corporation; and
# (2)
for which the aggregate property tax revenue shortfall the city, township, or school corporation experienced, or will experience, is at least:
# (A)
five million dollars ($5,000,000); or
# (B)
twenty percent (20%) of its net tax levy;
in any single tax year as a result of the erroneous assessed valuation figures referred to in subdivision (1).
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)
- 6-1.1-22-11 · Lienholders; payment of delinquent taxes; penalties and…
- 6-1.1-22-12 · Receipt for payment of tax or special assessment
- 6-1.1-22-12.1 · Liability for costs of dishonored payment drafts
- 6-1.1-22-13 · State liens; civil suits
- 6-1.1-22-13.5 · Political subdivision liens; civil suits
- 6-1.1-22-14 · Persons to whom political subdivision owes money;
- 6-1.1-22-15 · Certification of delinquent taxpayer; setoff against…
- 6-1.1-22-16 · Deduction from state payments to delinquent taxpayers
- 6-1.1-22-17 · Application of funds toward payment of delinquent taxes
- 6-1.1-22-18 · Use of parcel carrier to send documents
- 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…