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Home » US Law » 2022 Indiana Code » Title 36. Local Government » Article 9. Transportation and Public Works » Chapter 15.5. Municipal Cumulative Capital Development Fund

36-9-15.5-2. Authorization of Fund; Purpose

Sec. 2. The legislative body of a municipality may establish a cumulative capital development fund under IC 6-1.1-41 to provide money for any purpose for which property taxes may be imposed within the municipality under the authority of: IC 8-16-3; IC 8-22-3-25; IC 14-27-6-48; IC 14-33-14; IC 16-23-1-40; IC 36-8-14; IC 36-9-4-48; IC 36-9-16-2; IC […]

36-9-15.5-6. Tax Levy; Rate of Tax

Sec. 6. (a) The municipal fiscal body may provide money for the cumulative capital development fund by levying a tax in compliance with IC 6-1.1-41 on the taxable property in the municipality. For purposes of this section, a county in which only the county economic development income tax (IC 6-3.5-7, repealed) was in effect on […]