Indiana Code 6-1.1-22.1-10. Exclusion of the loan obligation as basis to obtain an excessive tax levy
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Terms Used In Indiana Code 6-1.1-22.1-10
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- qualified taxing unit: means a city, township, or school corporation located in Lake County that experienced a property tax revenue shortfall in one (1) or more tax years:
Indiana Code 6-1.1-22.1-2
Sec. 10. An obligation to repay a loan made under this chapter is not a basis for the qualified taxing unit to obtain an excessive tax levy.
As added by P.L.236-2023, SEC.43.