Indiana Code 6-1.1-20.2-11. Loan proceeds received not considered part of levy excess
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Terms Used In Indiana Code 6-1.1-20.2-11
- eligible county: refers to a county in which voting equipment has been damaged or destroyed in a natural disaster. See Indiana Code 6-1.1-20.2-2
- Property: includes personal and real property. See Indiana Code 1-1-4-5
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
Sec. 11. The proceeds of a loan received by an eligible county under this chapter are not considered to be part of the ad valorem property tax levy actually collected by the eligible county for taxes first due and payable during a particular calendar year for the purpose of calculating levy excess.
As added by P.L.182-2009(ss), SEC.150.