Note: This version of section effective until 7-1-2019. See also following repeal of this chapter, effective 7-1-2019.
Sec. 6. The department of local government finance may allow a school corporation to establish a levy. The amount of the levy shall be determined each year and the levy may not exceed the lesser of the following:
(1) The revenue derived from a tax rate of eight and thirty-three hundredths cents ($0.0833) for each one hundred dollars ($100) of assessed valuation within the school corporation.
(2) The revenue derived from a tax levy equal to the difference between the maximum levy allowed for the school corporation's operations fund under IC 20-46-8 minus the actual operations fund levy that will be in effect for the school corporation for a particular year.
[Pre-2006 Recodification Citation: 6-1.1-19-10(d).]
As added by P.L.2-2006, SEC.169. Amended by P.L.182-2009(ss), SEC.347; P.L.137-2012, SEC.112; P.L.244-2017, SEC.100.
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