Ind. Code ch. 20-45-9

in effect

Ind. Code § 20-45-9-1 Applicability

Sec. 1. This chapter does not apply to a qualified school corporation until the expiration of IC 20-45-8 under IC 20-45-8-29. As added by P.L.236-2023, SEC.153. Amended by P.L.214-2025, SEC.204.

Ind. Code § 20-45-9-2 "Qualified school corporation"

Sec. 2. As used in this chapter, "qualified school corporation" means a school corporation that has under its jurisdiction any territory located in Dearborn County. As added by P.L.236-2023, SEC.153.

Ind. Code § 20-45-9-3 Levy

Sec. 3. A qualified school corporation's property tax levy under this chapter for a calendar year is a property tax levy for the qualified school corporation's operations fund equal to the amount of the distribution that the qualified school corporation received in the year preceding the expiration of IC 20-45-8 under IC 20-45-8-29. The property tax levy under this chapter is part of the maximum permissible ad valorem property tax levy under IC 20-46-8-1 for the qualified school corporation's operations fund. As added by P.L.236-2023, SEC.153. Amended by P.L.214-2025, SEC.205.

Ind. Code § 20-45-9-4 Tax rate

Sec. 4. Each calendar year, the governing body of a qualified school corporation may impose the property tax rate on each one hundred dollars ($100) of assessed valuation of the qualified school corporation that is necessary to generate the qualified school corporation's property tax levy for the calendar year. As added by P.L.236-2023, SEC.153.

Ind. Code § 20-45-9-5 Appropriation

Sec. 5. Appropriations shall be made from the operations fund by the qualified school corporations as other appropriations are made either in the annual budget or by additional appropriations. As added by P.L.236-2023, SEC.153.

Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/20Fetched: 10/17/2026