Indiana Code 20-24-7-6.1. Distribution of property tax levy revenue
Current as of: 2023 | Check for updates
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Sec. 6.1. (a) This section applies to revenue collected after June 30, 2024, from a tax levy imposed under IC 20-46-8 by the governing body of a school corporation described in IC 20-46-8-11.2(a).
(b) Beginning in calendar year 2025, and each year thereafter, the county auditor shall distribute money that is received as part of a tax levy collected under IC 20-46-8 to an eligible charter school, excluding a virtual charter school and adult high school, for deposit in the charter school’s operations fund created under IC 20-40-18-1. The distributions shall be made at the same time that tax levy revenue is required to be distributed to school corporations.
As added by P.L.201-2023, SEC.153.
Terms Used In Indiana Code 20-24-7-6.1
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5