Title 6, TITLE 6. TAXATION
297 chapters · 4,481 sections in this title.
Ind. Code § 6-1.1-21.5-1 "Qualified taxing unit"
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Sec. 1. As used in this chapter, "qualified taxing unit" means each of the following: (1) A city having a population of more than twenty-six thousand (26,000) and less than twenty-eight thousand (28,000). (2) The sanitary district of a city described in subdivision (1). (3) The l…
Ind. Code § 6-1.1-21.5-2 "Board"
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Sec. 2. As used in this chapter, "board" refers to the state board of finance. As added by P.L.380-1987(ss), SEC.5.
Ind. Code § 6-1.1-21.5-3 Loan application; prerequisites to grant of loan
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Sec. 3. Before January 1, 2002, a qualified taxing unit may apply to the board for a loan from the counter-cyclical revenue and economic stabilization fund. The board may make a loan from the fund to the taxing unit if: (1) a taxpayer with tangible property subject to taxation by…
Ind. Code § 6-1.1-21.5-4 Maximum amount of loan
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Sec. 4. The maximum amount that the board may loan to a qualified taxing unit under this chapter is set forth in the following table: MAXIMUM TYPE OF TAXING UNIT LOAN City $ 5,500,000 Sanitary District $ 1,900,000 Library District $ 800,000 School Corporation $ 8,000,000 As added…
Ind. Code § 6-1.1-21.5-5 Terms of loan; interest; repayment; depository
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Sec. 5. (a) The board shall determine the terms of a loan made under this chapter. However, interest may not be charged on the loan, and the loan must be repaid not later than ten (10) years after the date on which the loan was made. (b) The loan shall be repaid only from propert…
Ind. Code § 6-1.1-21.5-6 Loan proceeds and delinquent tax payments; levy excess
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Sec. 6. (a) The receipt by the qualified taxing unit of the loan proceeds is 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 calculat…