2018 Indiana Code
TITLE 20. Education
ARTICLE 44. PROPERTY TAX LEVIES; GENERAL PROVISIONS
CHAPTER 3. Application of Levy Excess to Reduce Property Taxes
20-44-3-2. "Levy excess" defined; limitation

Universal Citation: IN Code § 20-44-3-2 (2018)
IC 20-44-3-2 "Levy excess" defined; limitation

     Sec. 2. As used in this chapter, "levy excess" means that part of the property tax levy actually collected by a school corporation for taxes first due and payable during a particular calendar year that exceeds the school corporation's total levy, as approved by the department of local government finance under IC 6-1.1-17, for those property taxes. The term does not include delinquent ad valorem property taxes collected during a particular year that were assessed for an assessment date that precedes the assessment date for the current year in which the ad valorem property taxes are collected.

[Pre-2006 Recodification Citation: 6-1.1-19-1.7(a).]

As added by P.L.2-2006, SEC.167. Amended by P.L.154-2006, SEC.68.

 

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