Exemption from levy limits; review of proposed budget, levy, and
rate
Sec. 7. (a) A civil taxing unit is not subject to the levy limits
imposed by section 3 of this chapter for an ensuing calendar year if
the civil taxing unit did not adopt an ad valorem property tax levy for
the immediately preceding calendar year.
(b) If under subsection (a) a civil taxing unit is not subject to the
levy limits imposed under section 3 of this chapter for a calendar
year, the civil taxing unit shall refer its proposed budget, ad valorem
property tax levy, and property tax rate for that calendar year to the
local government tax control board established by section 11 of this
chapter before the tax levy is advertised. The local government tax
control board shall then review and make a recommendation to the
department of local government finance on the civil taxing unit's
budget, ad valorem property tax levy, and property tax rate for that
calendar year. The department of local government finance shall
make a final determination of the civil taxing unit's budget, ad
valorem property tax levy, and property tax rate for that calendar
year. However, a civil taxing unit may not impose a property tax levy
for a year if the unit did not exist as of March 1 of the preceding
year.
As added by P.L.73-1983, SEC.1. Amended by P.L.25-1995, SEC.28;
P.L.90-2002, SEC.163.
Last modified: May 28, 2006