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IN SB0428
Bill
Status
1/12/2015
Primary Sponsor
Rick Niemeyer
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AI Summary
Senate Bill 428 Summary
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Establishes an expiration date of July 1, 2018 for the supplemental county property tax levy in Lake County that is distributed to school corporations.
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Prohibits school corporations receiving shares of the Lake County supplemental county property tax levy from using those funds for debt service or capital projects.
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Amends Indiana Code sections 6-1.1-34-1, 20-18-2-1.5, 20-26-11-13, and 20-45-7 to reflect the levy's expiration date and spending restrictions.
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Effective date is July 1, 2015.
Legislative Description
Supplemental county levy; Lake County. Provides that the supplemental county property tax levy in Lake County that is distributed to school corporations in Lake County expires on July 1, 2018. Provides that a school corporation that receives a share of the supplemental county property tax levy in Lake County may not use the money for debt service or to pay for a capital project.
Last Action
First Reading: referred to Committee on Appropriations
1/12/2015