Indiana § 20-24-7-6.1 Distribution of property tax levy revenue

Indiana Statutes

§ 20-24-7-6.1 — Distribution of property tax levy revenue

Indiana § 20-24-7-6.1

Title 20EDUCATION

Art. 24CHARTER SCHOOLS

Ch. 7Fiscal Matters

This text of Indiana § 20-24-7-6.1 (Distribution of property tax levy revenue) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 20-24-7-6.1 (2026).

Text

1.

(a)This section applies to revenue collected:

(1)after June 30, 2024, and before January 1, 2028, from a tax levy imposed under IC 20-46-8 by the governing body of a school corporation described in IC 20-46-8-11.2(a); and

(2)after December 31, 2027, in the case of a tax levy imposed under IC 20-46-8 by the governing body of a school corporation.

(b)In calendar year 2025, 2026, and 2027, the county auditor shall distribute money that is received as part of a tax levy collected under IC 20-46-8 to an eligible charter school, excluding a virtual charter school and adult high school, for deposit in the charter school's operations fund created under IC 20-40-18-1. The distributions shall be made at the same time that tax levy revenue is required to be distributed to school corporations.

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1. (a) This section applies to revenue
collected:
(1) after June 30, 2024, and before January 1, 2028, from a tax
levy imposed under IC 20-46-8 by the governing body of a school
corporation described in IC 20-46-8-11.2(a); and
(2) after December 31, 2027, in the case of a tax levy imposed
under IC 20-46-8 by the governing body of a school corporation.
(b) In calendar year 2025, 2026, and 2027, the county auditor shall
distribute money that is received as part of a tax levy collected under
IC 20-46-8 to an eligible charter school, excluding a virtual charter
school and adult high school, for deposit in the charter school's
operations fund created under IC 20-40-18-1. The distributions shall be
made at the same time that tax levy revenue is required to be
distributed to school corporations.
(c) Beginning in calendar year 2028, and each year thereafter, the
county auditor shall distribute money that is received as part of a tax
levy collected under IC 20-46-8 to an eligible charter school, excluding
a virtual charter school and adult high school, in the manner prescribed
by IC 20-46-8-12 for deposit in the charter school's operations fund
created under IC 20-40-18-1. The distributions shall be made at the
same time that tax levy revenue is required to be distributed to school
corporations.