§ 14-33-9-11 — Reservoir conservancy district maximum annual special benefits tax levy

Indiana § 14-33-9-11

• Jurisdiction: Indiana
• Art. 33: CONSERVANCY DISTRICTS
• Ch. 9: Budget and Tax Levy Procedures

Text

(a) This section applies only to a reservoir
conservancy district established under IC 14-33-24.
(b) Notwithstanding IC 14-33-7-1(b) and IC 14-33-21-5, the
maximum annual levy of the special benefits tax imposed by the board
of a reservoir conservancy district established under IC 14-33-24 is two
million dollars ($2,000,000). The department of local government
finance shall annually calculate the special benefits tax rate of the
reservoir conservancy district which, when applied to the assessed
valuation of the real property located within the boundaries of the
reservoir conservancy district and not exempt from the special benefits
tax, will produce revenue in the amount of the annual levy determined
by the board of the reservoir conservancy district. The amount of the
annual levy may be less than two million dollars ($2,000,000) but may
not exceed two million dollars ($2,000,000).
(c) The board of a reservoir conservancy district shall certify under
section 5(a) of this chapter to the auditor of each county having land in
the reservoir conservancy district the special benefits tax rate
calculated by the department of local government finance under
subsection (b) that will produce the revenue amount of the annual levy
determined by the board of the reservoir conservancy district, which
may be less than two million dollars ($2,000,000) but may not exceed
two million dollars ($2,000,000).
(d) The assessed value growth quotient determined under IC 6-1.1-18.5-2 does not apply to the amount of the maximum annual levy
that may be imposed under this section.

Legislative History

As added by P.L.148-2020, SEC.15.