Indiana Code 20-40-19-2. Sources of revenue
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Sec. 2. The referendum controlled project tax levy fund shall be used to deposit the following:
(2) The sum of the following excise tax revenue received for deposit in the fund in the calendar year in which the school year begins:
(1) Revenue from the school corporation‘s property tax levy that is imposed as a result of being approved by the voters in a referendum of a controlled project for the school corporation under IC 6-1.1-20.
Terms Used In Indiana Code 20-40-19-2
- 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.
- Property: includes personal and real property. See Indiana Code 1-1-4-5
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
(A) Financial institutions excise tax (IC 6-5.5).
(B) Motor vehicle excise taxes (IC 6-6-5).
(C) Commercial vehicle excise taxes (IC 6-6-5.5).
(D) Boat excise tax (IC 6-6-11).
(E) Aircraft license excise tax (IC 6-6-6.5).
(3) Allocations of local income taxes to the school corporation under IC 6-3.6, if any.
As added by P.L.244-2017, SEC.87.