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IN SB0341
Bill
Status
1/9/2017
Primary Sponsor
Rick Niemeyer
Click for details
AI Summary
SB 341 Summary
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Lake County's supplemental county property tax levy distributed to school corporations expires January 1, 2018.
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After 2017, each Lake County school corporation may impose its own property tax levy for its general fund equal to the amount it received from the supplemental county levy in 2017.
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The department of local government finance shall decrease Lake County government's maximum permissible property tax levy in 2018 by the amount distributed to school corporations in 2017.
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The department of local government finance shall increase each Lake County school corporation's maximum permissible property tax levy in 2018 by the amount of the supplemental levy it received in 2017.
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The act becomes effective July 1, 2017.
Legislative Description
Eliminate supplemental county levy for Lake County. Provides that the supplemental county property tax levy in Lake County that is distributed to school corporations in Lake County expires January 1, 2018. Provides that after 2017, a school corporation in Lake County may impose a property tax levy for the school corporation's general fund equal to the school corporation's distribution from the supplemental county property tax levy in Lake County in 2017. Provides that the department of local government finance shall decrease the Lake County government's maximum permissible ad valorem property tax levy in 2018 by the amount of the property
Last Action
Senator Hershman added as second author
2/6/2017