§ 36-8-19-9 — Avoidance of duplication of tax levies; preexisting indebtedness

(a) The department of local government
finance, when approving a rate and levy fixed by the provider unit,
shall verify that a duplication of tax levies does not exist within
participating units, so that taxpayers do not bear two (2) levies for the
same service, except as provided by subsection (b) or (c).
(b) A unit or fire protection district that incurred indebtedness for
fire protection services before becoming a participating unit under this
chapter shall continue to repay that indebtedness by levies within the
boundaries of the unit or fire protection district until the indebtedness
is paid in full.
(c) A unit or fire protection district that agreed to the borrowing of
money to purchase fire protection equipment while a participating unit
under this chapter shall continue to repay the unit's or fire protection
district's share of that indebtedness by imposing a property tax within
the boundaries of the unit or fire protection district until the
indebtedness is paid in full. The department of local government
finance shall determine the amount of the indebtedness that represents
the unit's or fire protection district's fair share, taking into account the
equipment purchased, the useful life of the equipment, the depreciated
value of the equipment, and the number of years the unit benefited
from the equipment.

Legislative History

As added by P.L.37-1994, SEC.3. Amended by P.L.326-1995, SEC.4; P.L.90-2002, SEC.502; P.L.255-2017, SEC.48.