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Indiana Code — Title 6 (Taxation)

IC 6-3.6-10-9

Limitations on bonds, leases, or other obligations incurred

Official textiga.in.govlast amended

after May 9, 2025
Sec. 9.

# (a)

Notwithstanding any other law, for bonds, leases, or any other obligations incurred after May 9, 2025, a county, city, town, and any other taxing unit may not pledge for payment from tax revenue received under this article an amount that exceeds an amount equal to twenty-five percent (25%) of the taxing unit's certified distribution under this article.

# (b)

This section expires July 1, 2027.
As added by P.L.68-2025, SEC.178.

Amendment history

As added by P.L.68-2025, SEC.178.

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Nearby sections (25 sections)
  1. 6-3.6-9-18 · Expired
  2. 6-3.6-9-19 · Annual report to each county
  3. 6-3.6-9-20 · State and local income tax holding account
  4. 6-3.6-9-21 · Budget agency accounting for each county based on annual…
  5. 6-3.6-10-1 · Scope of chapter
  6. 6-3.6-10-2 · Economic development purposes; use of revenue
  7. 6-3.6-10-3 · Issuance of bonds for economic development projects;
  8. 6-3.6-10-4 · Lease of property for economic development projects;
  9. 6-3.6-10-5 · Issuance and sale of obligations of civil taxing unit or…
  10. 6-3.6-10-6 · Pledge of revenues; enforceability; covenant by the general
  11. 6-3.6-10-7 · Regional venture capital fund; deposit of revenue…
  12. 6-3.6-10-8 · Local venture capital fund; deposit of revenue allocated…
  13. 6-3.6-10-9 · Limitations on bonds, leases, or other obligations incurred
  14. 6-3.6-11-1 · Applicability; use of former tax to provide levy freeze;…
  15. 6-3.6-11-1.5 · Marion County; transfers to bid fund of capital…
  16. 6-3.6-11-2 · Repealed
  17. 6-3.6-11-3 · Lake County; former tax categorized under property tax…
  18. 6-3.6-11-4 · Revenue dedicated to public safety; used for funding of
  19. 6-3.6-11-5 · Marion County's allocation of tax revenue
  20. 6-3.6-11-5.5 · Lake County; rail project; additional revenue allocated…
  21. 6-3.6-11-5.7 · Lake County municipalities; authorization to support and
  22. 6-3.6-11-6 · Member counties and municipalities of the northwest Indiana
  23. 6-3.6-11-7 · Pledges of revenue for rail projects
  24. 6-3.6-11-7.5 · Actions challenging the withholding or transferring of…
  25. 6-3.6-11-9 · Calculation and allocation of certified shares among civil
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