Indiana Code 20-46-9-11. Distribution of levy approved in referendum
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Terms Used In Indiana Code 20-46-9-11
- 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.
- levy: refers to the property tax levy imposed under this chapter. See Indiana Code 20-46-9-2
- Property: includes personal and real property. See Indiana Code 1-1-4-5
- referendum: refers to a referendum under this chapter. See Indiana Code 20-46-9-3
Sec. 11. The county auditor shall distribute proceeds collected from an allocation area (as defined in IC 6-1.1-21.2-3) that are attributable to property taxes imposed after being approved by the voters in a referendum to the school corporation for which the referendum was conducted. The amount to be distributed to the school corporation shall be treated as part of the referendum levy for purposes of setting the school corporation’s tax rates.
As added by P.L.272-2019, SEC.12.