20-45-8-22. Calculation; Tax Levy
Sec. 22. (a) The amount to be raised by the tax shall be determined in any calendar year by the county auditor and certified to by the board of county commissioners before the time for making the county budgets in the year. (b) The amount is the total of the entitlements of all qualified school […]
20-45-8-23. Distribution; Revenue in Addition to Other Levies
Sec. 23. The entitlement of a receiving qualified school corporation may not have the effect of reducing the total school tax rate of the qualified school corporation below the total school tax rate prevailing in any paying qualified school corporation. Any entitlement payable under this chapter shall be reduced so as not to produce that […]
20-45-8-24. Duty; Levy of Countywide Tax; Amount
Sec. 24. (a) The board of county commissioners shall levy a tax rate on all the real and taxable personal property in the county that is sufficient to raise the total of the entitlements in the same manner as other county property tax rates are levied. (b) If the board of county commissioners fails in […]
20-45-8-25. Distribution to School Corporations
Sec. 25. (a) The money received into the fund in any calendar year shall be paid to the qualified school corporations in accordance with their entitlements, determined in the immediately preceding calendar year, in the same manner as other tax distributions. (b) A qualified school corporation has the same rights to advance payments of a […]
20-45-8-10. “Qualified School Corporation”
Sec. 10. As used in this chapter, “qualified school corporation” means a school corporation that has under its jurisdiction any territory that is located in the qualified county. [Pre-2006 Recodification Citation: 21-2-13-3(d).] As added by P.L.2-2006, SEC.168.
20-45-8-26. Budget for Operations Fund
Sec. 26. Receipts from the fund shall be credited by each qualified school corporation to its operations fund. In making its budget, each qualified school corporation shall take into account its anticipated receipts from the fund. The county auditor, before July 15 of each year, shall certify to each qualified school corporation the amount of […]
20-45-8-11. “Receiving Qualified School Corporation”
Sec. 11. As used in this chapter, “receiving qualified school corporation” means any qualified school corporation receiving an entitlement under this chapter that exceeds the amount of the tax collected on the assessed valuation of the qualified school corporation. [Pre-2006 Recodification Citation: 21-2-13-3(j).] As added by P.L.2-2006, SEC.168.
20-45-8-27. Distribution; Revenue in Addition to State Tuition Support
Sec. 27. The tax provided by this chapter may not operate to diminish the amount of state tuition support or other aid given by the state. [Pre-2006 Recodification Citation: 21-2-13-9.] As added by P.L.2-2006, SEC.168.
20-45-8-12. “Tax”
Sec. 12. As used in this chapter, “tax” means the county supplemental school financing property tax to be levied by the board of county commissioners of a qualifying county under this chapter. [Pre-2006 Recodification Citation: 21-2-13-3(e).] As added by P.L.2-2006, SEC.168.
20-45-8-28. Certification; Other Information
Sec. 28. The department of local government finance and the secretary of education shall make certifications of any information in their possession, or any other certifications required by this chapter that will facilitate this chapter’s execution. [Pre-2006 Recodification Citation: 21-2-13-10.] As added by P.L.2-2006, SEC.168. Amended by P.L.43-2021, SEC.135.