Treatment of tax as property taxes; credit may not reduce levy limit or approved rate

Ind. Code § 6-3.6-5-2
in effect
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Sec. 2. A tax imposed under this chapter shall be treated as property taxes for all purposes. However, the department of local government finance may not reduce: (1) any taxing unit's maximum permissible property tax levy limit under IC 6-1.1-18.5; or (2) the approved property tax levy or rate for any fund; by the amount of any credits granted under this chapter. As added by P.L.243-2015, SEC.10.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/6Fetched: 10/17/2026

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