Sec. 4. A municipality that has established a cumulative building and sinking fund may levy a tax in compliance with IC 6-1.1-41 not to exceed one dollar ($1) on each one hundred dollars ($100) of taxable property in the municipality.

[Pre-Local Government Recodification Citation: 18-6-6-4 part.]

As added by Acts 1981, P.L.309, SEC.100. Amended by P.L.17-1995, SEC.38.