§ 20-40-19-2 — Sources of revenue

Indiana § 20-40-19-2

• Jurisdiction: Indiana
• Title 20: EDUCATION
• Art. 40: GOVERNMENT FUNDS AND ACCOUNTS
• Ch. 19: School Corporation Referendum Controlled Project Tax

Text

The referendum controlled project tax levy
fund shall be used to deposit the following:
(1) Revenue from the school corporation's property tax levy that
is imposed as a result of being approved by the voters in a
referendum of a controlled project for the school corporation
under IC 6-1.1-20.
(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) Allocations of local income taxes to the school corporation
under IC 6-3.6, if any.

Legislative History

As added by P.L.244-2017, SEC.87.