2017 Indiana Code
TITLE 20. Education
ARTICLE 46. LEVIES OTHER THAN GENERAL FUND LEVIES
CHAPTER 8. School Corporation Operations Fund Property Tax Levy
20-46-8-8. Public playground levy component for certain school corporations
Effective 7-1-2018.
Sec. 8. (a) A school corporation described in IC 36-10-14-1 may impose a levy to provide funding for public playgrounds.
(b) For property taxes first due and payable in 2019, a school corporation's levy under this section may not exceed an amount equal to:
(1) the school corporation's levy for public playgrounds under IC 36-10-14 in 2018; multiplied by
(2) the assessed value growth quotient determined under IC 6-1.1-18.5-2.
(c) For property taxes first due and payable after 2019, a school corporation's levy under this section may not exceed an amount equal to:
(1) the school corporation's maximum permissible levy under this section for the preceding year; multiplied by
(2) the assessed value growth quotient determined under IC 6-1.1-18.5-2.
As added by P.L.244-2017, SEC.106.
IC 20-47 ARTICLE 47. RELATED ENTITIES; HOLDING COMPANIES; LEASE AGREEMENTS Ch. 1.Public Foundations Ch. 2.Public Holding Companies Ch. 3.Private Holding Companies Ch. 4.Lease of Existing School Building Ch. 5.Payment of Rent by Annexed School Corporation
