Indiana § 20-40-19-2 Sources of revenue

Indiana Statutes

§ 20-40-19-2 — Sources of revenue

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

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.

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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.

Indiana § 20-40-19-2 (Sources of revenue) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.