Indiana Statutes
§ 20-45-7-18 — Calculation; tax rate
Indiana § 20-45-7-18
JurisdictionIndiana
Title 20EDUCATION
Art. 45GENERAL FUND LEVIES
Ch. 7Supplemental County Levy; Lake County
This text of Indiana § 20-45-7-18 (Calculation; tax rate) 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 § 20-45-7-18 (2026).
Text
The county council shall set a rate for the tax
that will produce the total amount of the entitlements of the qualified
school corporations for the next calendar year. However, the amount of
the tax levy may not be greater than the amount determined under
STEP TWO of the following formula:
STEP ONE: Determine the total dollar amount of that tax levy for
1972, payable in calendar year 1973, assuming one hundred
percent (100%) tax collection.
STEP TWO: Multiply the STEP ONE amount by the ADA ratio.
[Pre-2006 Recodification Citation: 21-2-12-4.1(a)
part.]
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
As added by P.L.2-2006, SEC.168.
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References to repealed statutes§ 20-17-1-7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References to repealed statutesCite This Page — Counsel Stack
Bluebook (online)
Indiana § 20-45-7-18, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/20-45-7-18.