§ 6-1.1-21.2-15 — Special assessment and tax collections deposited in special fund; inapplicability of certain provisions to special assessments and taxes; exception from levy limits

Indiana § 6-1.1-21.2-15

• Jurisdiction: Indiana
• Art. 1.1: PROPERTY TAXES
• Ch. 21.2: Tax Increment Replacement

Text

(a) As the special assessment or tax
imposed under this chapter is collected by the county treasurer, it shall
be transferred to the governing body and accumulated and kept in the
special fund for the allocation area.
(b) A special assessment or tax levied under this chapter is not
subject to IC 6-1.1-20.
(c) A special assessment or tax levied under this chapter and the use
of revenues from a special assessment or tax levied under this chapter
by a governing body do not create a constitutional or statutory debt,
pledge, or obligation of the governing body, the district, or any county,
city, town, or township.
(d) The ad valorem property tax levy limits imposed by IC 6-1.1-18.5-3 or another provision of IC 6-1.1-18.5 do not apply to a
special assessment or tax imposed under this chapter. For purposes of
computing the ad valorem property tax levy limit imposed on a civil
taxing unit under IC 6-1.1-18.5-3 or another provision of IC 6-1.1-18.5,
the civil taxing unit's ad valorem property tax levy for a particular
calendar year does not include a special assessment or tax imposed
under this chapter.

Legislative History

As added by P.L.192-2002(ss), SEC.44. Amended by P.L.224-2007, SEC.40; P.L.146-2008, SEC.240; P.L.182-2009(ss), SEC.155.