Indiana § 36-9-17.5-4 Tax levied to provide for fund

Indiana Statutes

§ 36-9-17.5-4 — Tax levied to provide for fund

Indiana § 36-9-17.5-4

Title 36LOCAL GOVERNMENT

Art. 9TRANSPORTATION AND PUBLIC WORKS

Ch. 17.5Cumulative Township Vehicle and Building Fund

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Bluebook

Ind. Code § 36-9-17.5-4 (2026).

Text

(a)To provide for the cumulative township vehicle and building fund authorized under this chapter, the legislative body of a township may levy a tax on all taxable property within the township in compliance with IC 6-1.1-41. The tax rate may not exceed five cents ($0.05) on each one hundred dollars ($100) of assessed valuation of property in the township for property taxes first due and payable before January 1, 2002, or one and sixty-seven hundredths cents ($0.0167) on each one hundred dollars ($100) of assessed valuation of property in the township for property taxes first due and payable after December 31, 2001.

(b)As the tax is collected, it shall be deposited in a qualified public depository or depositories and held in a special fund known as the cumulative township vehicle and buil

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(a) To provide for the cumulative township
vehicle and building fund authorized under this chapter, the legislative
body of a township may levy a tax on all taxable property within the
township in compliance with IC 6-1.1-41. The tax rate may not exceed
five cents ($0.05) on each one hundred dollars ($100) of assessed
valuation of property in the township for property taxes first due and
payable before January 1, 2002, or one and sixty-seven hundredths
cents ($0.0167) on each one hundred dollars ($100) of assessed
valuation of property in the township for property taxes first due and
payable after December 31, 2001.
(b) As the tax is collected, it shall be deposited in a qualified public
depository or depositories and held in a special fund known as the
cumulative township vehicle and building fund.