"Qualified taxing unit"
Ind. Code § 6-1.1-22.1-2
in effectSec. 2. As used in this chapter, "qualified taxing unit" means a city, township, or school corporation located in Lake County that experienced a property tax revenue shortfall in one (1) or more tax years:
(1) that resulted from erroneous assessed valuation figures being provided to the city, township, or school corporation; and
(2) for which the aggregate property tax revenue shortfall the city, township, or school corporation experienced, or will experience, is at least:
(A) five million dollars ($5,000,000); or
(B) twenty percent (20%) of its net tax levy;
in any single tax year as a result of the erroneous assessed valuation figures referred to in subdivision (1).
As added by P.L.236-2023, SEC.43.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/6Fetched: 10/17/2026