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Terms Used In Indiana Code 20-45-7-24

  • fund: refers to the county school distribution fund:

    Indiana Code 20-45-7-12

  • Property: includes personal and real property. See Indiana Code 1-1-4-5
  • tax: refers to the county supplemental school financing property tax to be levied by the county council under this chapter. See Indiana Code 20-45-7-15
   Sec. 24. For purposes of allocating distributions of tax revenues collected under IC 6-5.5, IC 6-6-5, IC 6-6-5.5, or IC 6-6-6.5, the tax shall be treated as if it were property taxes imposed by a separate taxing unit. The appropriate part of those distributions shall be deposited in the fund.

[Pre-2006 Recodification Citation: 21-2-12-6.1(a).]

As added by P.L.2-2006, SEC.168.