Terms Used In Indiana Code 20-46-1-1

  • 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.
  • fund: refers to the operating referendum tax levy fund. See Indiana Code 20-46-1-3
  • Property: includes personal and real property. See Indiana Code 1-1-4-5
   Sec. 1. As used in this chapter, “base tax levy” means the total dollar amount of the property tax levied by a school corporation for the school corporation’s general fund for taxes collectible in 1973, assuming one hundred percent (100%) tax collection, as adjusted under IC 6-1.1-19-4.4(a)(4) (before its repeal), IC 6-1.1-19-4.5(c) (before its repeal), IC 6-1.1-19-6(b) (before its repeal), and IC 6-1.1-19-6(c) (before its repeal).

[Pre-2006 Recodification Citation: 21-2-11.6-4(b) part.]

As added by P.L.2-2006, SEC.169.