Sec. 22. (a) The amount to be raised by the tax shall be determined in any calendar year by the county auditor and certified to by the board of county commissioners before the time for making the county budgets in the year.

     (b) The amount is the total of the entitlements of all qualified school corporations.

Terms Used In Indiana Code 20-45-8-22

  • board of county commissioners: refers to the board of county commissioners of a qualified county. See Indiana Code 20-45-8-4
  • 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.
  • county auditor: means the county auditor of a qualified county. See Indiana Code 20-45-8-5
  • Entitlement: A Federal program or provision of law that requires payments to any person or unit of government that meets the eligibility criteria established by law. Entitlements constitute a binding obligation on the part of the Federal Government, and eligible recipients have legal recourse if the obligation is not fulfilled. Social Security and veterans' compensation and pensions are examples of entitlement programs.
  • fund: means the county school distribution fund:

    Indiana Code 20-45-8-6

  • tax: means the county supplemental school financing property tax to be levied by the board of county commissioners of a qualifying county under this chapter. See Indiana Code 20-45-8-12
  • Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
     (c) The entitlement of each qualified school corporation calculated in a calendar year is an amount equal to the result determined under STEP TWO of the following formula:

STEP ONE: Calculate the quotient of:

(A) the total amount deposited in the fund in calendar year 1979 or the first year in which a deposit was made, whichever is later; divided by

(B) the total count of pupils of the immediately preceding school year of qualified school corporations that received money from the fund in 1979, as determined in the fall count of pupils under IC 20-43-4 for the school year ending in the immediately preceding calendar year.

STEP TWO: Calculate the product of:

(A) the STEP ONE result; multiplied by

(B) the total count of pupils of the immediately preceding school year of qualified school corporations that received money from the fund in 1979, as determined in the fall count of pupils under IC 20-43-4 for the school year ending in the immediately preceding calendar year.

[Pre-2006 Recodification Citation: 21-2-13-7 part.]

As added by P.L.2-2006, SEC.168. Amended by P.L.205-2013, SEC.306; P.L.217-2017, SEC.137.

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