Indiana Statutes
§ 20-40-18-2 — Sources of revenue
Indiana·Title 20 EDUCATION·Art. 40 GOVERNMENT FUNDS AND ACCOUNTS·Ch. 18 School Corporation Operations Fund
(a)The operations fund shall be used to
deposit the following after December 31, 2018, in the case of a school
corporation:
(1)Revenue from the school corporation's operations fund
property tax levy under IC 20-46-8.
(2)The sum of the following excise tax revenue received for
deposit in the fund in the calendar year in which the school year
begins:
(A)Financial institutions excise tax (IC 6-5.5).
(B)Motor vehicle excise taxes (IC 6-6-5).
(C)Commercial vehicle excise taxes (IC 6-6-5.5).
(D)Boat excise tax (IC 6-6-11).
(E)Aircraft license excise tax (IC 6-6-6.5).
(3)Transfers from the education fund (IC 20-40-2) or the
operating referendum tax levy fund (IC 20-40-3), if any.
(4)Allocations of local income taxes to the school corporation
under IC 6-3.6-6, if any.
(b)In the case of
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Legislative History
As added by P.L.244-2017, SEC.86. Amended by P.L.201-2023,
SEC.186; P.L.68-2025, SEC.213.
Nearby Sections
15
§ 20-17-1-1
"Prior law"§ 20-17-1-2
Purpose of recodification§ 20-17-1-3
Statutory construction of recodification§ 20-17-1-4
Effect of recodification§ 20-17-1-5
Recodification of prior law§ 20-17-1-6
References to repealed statutes§ 20-17-1-7
References to citations§ 20-17-1-8
References to prior rules§ 20-17-1-9
References to prior law§ 20-17-2-1
"Prior law"§ 20-17-2-2
Purpose of recodification§ 20-17-2-3
Statutory construction of recodification§ 20-17-2-4
Effect of recodification§ 20-17-2-5
Recodification of prior law§ 20-17-2-6
References to repealed statutes