Introduced House Bill (H)

Authored by

DIGEST

Circuit breaker property tax grants. Provides a grant to school corporations that have their transportation fund levies reduced by more than 40% because of the application of circuit breaker credits. Specifies that the amount of a grant is equal to the amount of circuit breaker credits granted against the school corporation's transportation fund levy for the year. Appropriates from the state general fund the amounts necessary to make the grants. Sunsets the law on July 1, 2021. Circuit breaker property tax grants. Provides a grant to school corporations that have their transportation fund levies reduced by more than 40% because of the application of circuit breaker credits. Specifies that the amount of a grant is equal to the amount of circuit breaker credits granted against the school corporation's transportation fund levy for the year. Appropriates from the state general fund the amounts necessary to make the grants. Sunsets the law on July 1, 2021.