Indiana § 6-1.1-21.3-4 Certain amounts not considered for determination of levy excess; use
of delinquent tax and effect on remaining loan balance; use of loan
proceeds

Indiana Statutes

§ 6-1.1-21.3-4 — Certain amounts not considered for determination of levy excess; use of delinquent tax and effect on remaining loan balance; use of loan proceeds

Indiana § 6-1.1-21.3-4

Art. 1.1PROPERTY TAXES

Ch. 21.3Rainy Day Fund Loans for Taxing Units Affected by

This text of Indiana § 6-1.1-21.3-4 (Certain amounts not considered for determination of levy excess; use of delinquent tax and effect on remaining loan balance; use of loan proceeds) 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 § 6-1.1-21.3-4 (2026).

Text

(a)As used in this section, "delinquent tax" means any tax not paid during the calendar year in which the tax was first due and payable.

(b)Except as provided in subsection (c), the following are not considered to be part of the ad valorem property tax levy actually collected by the qualified taxing unit for taxes first due and payable during a particular calendar year for the purpose of calculating the levy excess under IC 6-1.1-18.5-17 and IC 20-44-3:

(1)The proceeds of a loan received by the qualified taxing unit under this chapter.

(2)The receipt by a qualified taxing unit of any payment of delinquent tax owed by a qualifying taxpayer.

(c)Delinquent tax owed by a qualifying taxpayer received by a qualified taxing unit:

(1)must first be used toward the retirement of an outstanding

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(a) As used in this section, "delinquent tax"
means any tax not paid during the calendar year in which the tax was
first due and payable.
(b) Except as provided in subsection (c), the following are not
considered to be part of the ad valorem property tax levy actually
collected by the qualified taxing unit for taxes first due and payable
during a particular calendar year for the purpose of calculating the levy
excess under IC 6-1.1-18.5-17 and IC 20-44-3:
(1) The proceeds of a loan received by the qualified taxing unit
under this chapter.
(2) The receipt by a qualified taxing unit of any payment of
delinquent tax owed by a qualifying taxpayer.
(c) Delinquent tax owed by a qualifying taxpayer received by a
qualified taxing unit:
(1) must first be used toward the retirement of an outstanding loan
made under this chapter; and
(2) is considered, only to the extent that the amount received
exceeds the amount of the outstanding loan, to be part of the ad
valorem property tax levy actually collected by the qualified
taxing unit for taxes first due and payable during a particular
calendar year for the purpose of calculating the levy excess under
IC 6-1.1-18.5-17 and IC 20-44-3.
(d) If a qualifying taxpayer pays delinquent tax during the term of
repayment of an outstanding loan made under this chapter, the
remaining loan balance is repayable in equal installments over the
remainder of the original term of repayment.
(e) Proceeds of a loan made under this chapter may be expended by
a qualified taxing unit only to pay obligations of the qualified taxing
unit that have been incurred under appropriations for operating
expenses made by the qualified taxing unit and approved by the
department of local government finance.