Tax levy limits imposed by IC 6-1.1-18.5-3; bank personal property
Sec. 19.1. (a) The ad valorem property tax levy limits imposed by
section 3 of this chapter do not apply to ad valorem property taxes
imposed on personal property of banks that became subject to
assessment in 1989 and thereafter because of IC 6-1.1-2-7.
(b) For purposes of computing the ad valorem property tax levy
limits imposed under section 3 of this chapter, a civil taxing unit's ad
valorem property tax levy for a particular calendar year does not
include that part of the levy imposed on bank personal property as
provided in subsection (a).
As added by P.L.347-1989(ss), SEC.3. Amended by P.L.1-1990,
SEC.72.
Last modified: May 28, 2006