Indiana Code 20-49-10-10. Property tax levy
Current as of: 2023 | Check for updates
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Terms Used In Indiana Code 20-49-10-10
- advance: refers to an advance from the fund under this chapter. See Indiana Code 20-49-10-1
- 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 common school fund in the custody of the treasurer of state. See Indiana Code 20-49-10-3
- 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
Sec. 10. A school corporation to which an advance is made under this chapter may annually levy a property tax in the debt service fund to replace the amount withheld under this chapter in the current year from the distribution of state tuition support. The amount received from the tax must be transferred from the debt service fund to the general fund (before January 1, 2019) or the education fund (after December 31, 2018).
As added by P.L.211-2018(ss), SEC.13.