Tax levy limits imposed by IC 6-1.1-19-1.5; bank personal property
Sec. 11. (a) The ad valorem property tax levy limits imposed by
section 1.5 of this chapter do not apply to general fund 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 1.5 of this chapter, a school
corporation's general fund 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.4. Amended by P.L.1-1990,
SEC.73.
Last modified: May 28, 2006