SENATE BILL No. 557
DIGEST OF INTRODUCED BILL
Citations Affected: IC 6-1.1-18.5-9.2.
Synopsis: Cumulative bridge fund levy. Provides that the property tax
levy limits do not apply to property taxes imposed by a civil taxing unit
for a cumulative bridge fund.
Effective: July 1, 2013.
January 14, 2013, read first time and referred to Committee on Appropriations.
First Regular Session 118th General Assembly (2013)
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SENATE BILL No. 557
A BILL FOR AN ACT to amend the Indiana Code concerning
Be it enacted by the General Assembly of the State of Indiana:
SOURCE: IC 6-1.1-18.5-9.2; (13)IN0557.1.1. -->
SECTION 1. IC 6-1.1-18.5-9.2 IS ADDED TO THE INDIANA
CODE AS A NEW
SECTION TO READ AS FOLLOWS
[EFFECTIVE JULY 1, 2013]: Sec. 9.2. Notwithstanding section 9.8
of this chapter, the ad valorem property tax levy limits imposed by
section 3 of this chapter do not apply to any of the ad valorem
property taxes imposed by a civil taxing unit under IC 8-16-3. For
purposes of computing the ad valorem property tax levy limit
imposed on a civil taxing unit under section 3 of this chapter, the
civil taxing unit's ad valorem property tax levy for a particular
calendar year does not include that part of the levy imposed under