Indiana Statutes
§ 6-1.1-41-2 — Authorization of fund and tax levies
Indiana § 6-1.1-41-2
This text of Indiana § 6-1.1-41-2 (Authorization of fund and tax levies) 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 § 6-1.1-41-2 (2026).
Text
(a)In addition to complying with the budget,
tax rate, and tax levy requirements applicable to other tax levies, a
political subdivision may:
(1)establish a cumulative fund and impose a property tax for the
cumulative fund; or
(2)increase the tax rate for a cumulative fund;
only after the proposal is adopted and approved in compliance with this
chapter.
(b)If a cumulative fund is not established and the tax rate is not
certified in conformity with this chapter, the political subdivision may
not levy a tax for the fund in the ensuing year. If a cumulative fund that
has been established in a prior year is not reestablished and the tax rate
is not certified in conformity with this chapter, the political subdivision
may not increase a tax rate for the cumulative fund for the ensuing
year.
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Legislative History
As added by P.L.17-1995, SEC.6. Amended by P.L.38-2021,
SEC.38.
Nearby Sections
15
§ 6-1.1-1-1
Applicability§ 6-1.1-1-1.5
"Assessing official"§ 6-1.1-1-10
"Person"§ 6-1.1-1-11
"Personal property"§ 6-1.1-1-12
"Political subdivision"§ 6-1.1-1-13
Repealed§ 6-1.1-1-14
"Property taxation"§ 6-1.1-1-15
"Real property"§ 6-1.1-1-16
"School corporation"§ 6-1.1-1-17
"Special assessment"§ 6-1.1-1-18
"State agency"§ 6-1.1-1-19
"Tangible property"§ 6-1.1-1-2
"Assessment date"§ 6-1.1-1-20
"Taxing district"§ 6-1.1-1-21
"Taxing unit"Cite This Page — Counsel Stack
Bluebook (online)
Indiana § 6-1.1-41-2, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/6-1.1-41-2.