Indiana Statutes
§ 5-28-9-16 — Revenue to pay annual loan installment and interest; levy of tax
Indiana·Title 5 STATE AND LOCAL ADMINISTRATION·Art. 28 INDIANA ECONOMIC DEVELOPMENT·Ch. 9 Industrial Development Program and Fund
A qualified entity receiving a loan under this
chapter may levy an annual tax on personal and real property located
within the qualified entity's geographical limits for industrial
development purposes, in addition to any other tax authorized by
statute to be levied for such purposes, at a rate that will produce
sufficient revenue to pay the annual installment and interest on a loan
made under this chapter. The tax may be in addition to the maximum
annual rates prescribed by IC 6-1.1-18, IC 6-1.1-18.5, and other
statutes.
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Legislative History
As added by P.L.4-2005, SEC.34. Amended by P.L.2-2006,
SEC.34; P.L.146-2008, SEC.40.
Nearby Sections
15
§ 5-1-1-1
Validation§ 5-1-1-2
Repealed§ 5-1-10-1
Issuance; purpose; restrictions§ 5-1-11-7
Restrictions on powers§ 5-1-11.5-1
"ADM"§ 5-1-11.5-2
"Bonds"§ 5-1-11.5-3
Application to certain school corporations§ 5-1-12-1
"Municipal corporation" defined