Treatment of tax as property taxes; credit may not reduce levy

limit or approved rate Sec. 2. A tax imposed under this chapter shall be treated as property taxes for all purposes. However, the department of local government finance may not reduce: (1) any taxing unit's maximum permissible property tax levy limit under IC 6-1.1-18.5; or (2) the approved property tax levy or rate for any fund; by the amount of any credits granted under this chapter. As added by P.L.243-2015, SEC.10.