Indiana § 20-45-8-22 - Calculation; tax levy
Full text of Indiana Indiana Code § 20-45-8-22 — Calculation; tax levy, with citation guidance and answers to common questions.
§ 20-45-8-22. Calculation; tax levy
Sec. 22. (a) The amount to be raised by the tax shall be determined in any calendar year by the county auditor and certified to by the board of county commissioners before the time for making the county budgets in the year.
(b) The amount is the total of the entitlements of all qualified school corporations.
(c) The entitlement of each qualified school corporation calculated in a calendar year is an amount equal to the result determined under STEP TWO of the following formula:
STEP ONE: Calculate the quotient of:
(A) the total amount deposited in the fund in calendar year 1979 or the first year in which a deposit was made, whichever is later; divided by
(B) the total count of pupils of the immediately preceding school year of qualified school corporations that received money from the fund in 1979, as determined in the fall count of pupils under IC 20-43-4 for the school year ending in the immediately preceding calendar year.
STEP TWO: Calculate the product of:
(A) the STEP ONE result; multiplied by
(B) the total count of pupils of the immediately preceding school year of qualified school corporations that received money from the fund in 1979, as determined in the fall count of pupils under IC 20-43-4 for the school year ending in the immediately preceding calendar year.
[Pre-2006 Recodification Citation: 21-2-13-7 part.]
As added by P.L.2-2006, SEC.168. Amended by P.L.205-2013, SEC.306; P.L.217-2017, SEC.137.
Frequently Asked Questions About Indiana § 20-45-8-22
What does Indiana Code § 20-45-8-22 cover?
Section 20-45-8-22 ("Calculation; tax levy") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 20-45-8-22?
A common citation format is "Indiana Code § 20-45-8-22" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 20-45-8-22 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.