20-45-7-1. Application

Sec. 1. This chapter applies only to Lake County. [Pre-2006 Recodification Citation: 21-2-12-3(a).] As added by P.L.2-2006, SEC.168.

20-45-7-1. Application

Sec. 1. This chapter applies only to Lake County. [Pre-2006 Recodification Citation: 21-2-12-3(a).] As added by P.L.2-2006, SEC.168.

20-45-7-10. “Eligible Pupil”

Sec. 10. As used in this chapter,”eligible pupil” has the meaning set forth in IC 20-43-1-11. [Pre-2006 Recodification Citation: 21-2-12-3(j).] As added by P.L.2-2006, SEC.168.

20-45-7-10. “Eligible Pupil”

Sec. 10. As used in this chapter,”eligible pupil” has the meaning set forth in IC 20-43-1-11. [Pre-2006 Recodification Citation: 21-2-12-3(j).] As added by P.L.2-2006, SEC.168.

20-45-7-11. “Entitlement”

Sec. 11. As used in this chapter, “entitlement” of a qualified school corporation is that part of the fund: (1) to which any qualified school corporation is entitled for any calendar year; and (2) on the basis of which the tax is set under this chapter. [Pre-2006 Recodification Citation: 21-2-12-3(i).] As added by P.L.2-2006, SEC.168.

20-45-7-11. “Entitlement”

Sec. 11. As used in this chapter, “entitlement” of a qualified school corporation is that part of the fund: (1) to which any qualified school corporation is entitled for any calendar year; and (2) on the basis of which the tax is set under this chapter. [Pre-2006 Recodification Citation: 21-2-12-3(i).] As added by P.L.2-2006, SEC.168.

20-45-7-12. “Fund”

Sec. 12. As used in this chapter, “fund” refers to the county school distribution fund: (1) into which the receipts from the tax must be credited; and (2) from which distributions to qualified school corporations must be charged. [Pre-2006 Recodification Citation: 21-2-12-3(e).] As added by P.L.2-2006, SEC.168.

20-45-7-12. “Fund”

Sec. 12. As used in this chapter, “fund” refers to the county school distribution fund: (1) into which the receipts from the tax must be credited; and (2) from which distributions to qualified school corporations must be charged. [Pre-2006 Recodification Citation: 21-2-12-3(e).] As added by P.L.2-2006, SEC.168.

20-45-7-13. “Qualified County”

Sec. 13. As used in this chapter, “qualified county” means Lake County. [Pre-2006 Recodification Citation: 21-2-12-3(a).] As added by P.L.2-2006, SEC.168.

20-45-7-13. “Qualified County”

Sec. 13. As used in this chapter, “qualified county” means Lake County. [Pre-2006 Recodification Citation: 21-2-12-3(a).] As added by P.L.2-2006, SEC.168.

20-45-7-14. “Qualified School Corporation”

Sec. 14. As used in this chapter, “qualified school corporation” means any school corporation that has under its jurisdiction any territory located in the qualified county. [Pre-2006 Recodification Citation: 21-2-12-3(c).] As added by P.L.2-2006, SEC.168.

20-45-7-14. “Qualified School Corporation”

Sec. 14. As used in this chapter, “qualified school corporation” means any school corporation that has under its jurisdiction any territory located in the qualified county. [Pre-2006 Recodification Citation: 21-2-12-3(c).] As added by P.L.2-2006, SEC.168.

20-45-7-15. “Tax”

Sec. 15. As used in this chapter, “tax” refers to the county supplemental school financing property tax to be levied by the county council under this chapter. [Pre-2006 Recodification Citation: 21-2-12-3(d).] As added by P.L.2-2006, SEC.168.

20-45-7-15. “Tax”

Sec. 15. As used in this chapter, “tax” refers to the county supplemental school financing property tax to be levied by the county council under this chapter. [Pre-2006 Recodification Citation: 21-2-12-3(d).] As added by P.L.2-2006, SEC.168.

20-45-7-16. Duty; Levy of Countywide Tax

Sec. 16. Each calendar year, the county council shall impose a tax on the real and personal property subject to taxation by the county under this chapter. [Pre-2006 Recodification Citation: 21-2-12-4.1(a) part.] As added by P.L.2-2006, SEC.168.

20-45-7-16. Duty; Levy of Countywide Tax

Sec. 16. Each calendar year, the county council shall impose a tax on the real and personal property subject to taxation by the county under this chapter. [Pre-2006 Recodification Citation: 21-2-12-4.1(a) part.] As added by P.L.2-2006, SEC.168.

20-45-7-17. Adoption Procedure

Sec. 17. The tax shall be imposed at the same time the county council adopts the qualified county’s budget, tax levy, and tax rate for the next calendar year under IC 6-1.1-17. [Pre-2006 Recodification Citation: 21-2-12-4.1(a) part.] As added by P.L.2-2006, SEC.168.

20-45-7-17. Adoption Procedure

Sec. 17. The tax shall be imposed at the same time the county council adopts the qualified county’s budget, tax levy, and tax rate for the next calendar year under IC 6-1.1-17. [Pre-2006 Recodification Citation: 21-2-12-4.1(a) part.] As added by P.L.2-2006, SEC.168.

20-45-7-18. Calculation; Tax Rate

Sec. 18. The county council shall set a rate for the tax that will produce the total amount of the entitlements of the qualified school corporations for the next calendar year. However, the amount of the tax levy may not be greater than the amount determined under STEP TWO of the following formula: STEP ONE: […]

20-45-7-18. Calculation; Tax Rate

Sec. 18. The county council shall set a rate for the tax that will produce the total amount of the entitlements of the qualified school corporations for the next calendar year. However, the amount of the tax levy may not be greater than the amount determined under STEP TWO of the following formula: STEP ONE: […]