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IN SB0557

Bill

Official Source

Status

Introduced

1/14/2013

Primary Sponsor

Mark Stoops

Click for details

Origin

Senate

2013 Regular Session

AI Summary

  • Exempts property taxes imposed by civil taxing units for cumulative bridge funds from property tax levy limits under IC 6-1.1-18.5-3.
  • Civil taxing units may impose ad valorem property taxes under IC 8-16-3 without application of the standard levy limits.
  • Excludes bridge fund levies from a civil taxing unit's calculated ad valorem property tax levy when determining compliance with levy limits.
  • Effective date: July 1, 2013.

Legislative Description

Cumulative bridge fund levy.

Last Action

First reading: referred to Committee on Appropriations

1/14/2013

Committee Referrals

Appropriations1/14/2013

Full Bill Text

No bill text available