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Terms Used In Indiana Code 20-46-1-18

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • levy: refers to the property tax levy imposed under this chapter. See Indiana Code 20-46-1-4
  • Property: includes personal and real property. See Indiana Code 1-1-4-5
   Sec. 18. A school corporation‘s levy may not be considered in the determination of the school corporation’s or a charter school’s (excluding a virtual charter school) state tuition support distribution under IC 20-43 or the determination of any other property tax levy imposed by the school corporation.

[Pre-2006 Recodification Citation: 6-1.1-19-4.5(c) part.]

As added by P.L.2-2006, SEC.169. Amended by P.L.146-2008, SEC.502; P.L.1-2009, SEC.126; P.L.154-2020, SEC.44.