"Levy excess" defined; limitation

Ind. Code § 20-44-3-2
in effect
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Sec. 2. As used in this chapter, "levy excess" means that part of the property tax levy actually collected by a school corporation for taxes first due and payable during a particular calendar year that exceeds the school corporation's total levy, as approved by the department of local government finance under IC 6-1.1-17, for those property taxes. The term does not include delinquent ad valorem property taxes collected during a particular year that were assessed for an assessment date that precedes the assessment date for the current year in which the ad valorem property taxes are collected. [Pre-2006 Recodification Citation: 6-1.1-19-1.7(a).] As added by P.L.2-2006, SEC.167. Amended by P.L.154-2006, SEC.68.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/20Fetched: 10/17/2026

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