Introduced Senate Bill (S)

DIGEST

Eliminate supplemental county levy for Lake County. Provides that the supplemental county property tax levy in Lake County that is distributed to school corporations in Lake County expires January 1, 2018. Provides that after 2017, a school corporation in Lake County may impose a property tax levy for the school corporation's general fund equal to the school corporation's distribution from the supplemental county property tax levy in Lake County in 2017. Provides that the department of local government finance shall decrease the Lake County government's maximum permissible ad valorem property tax levy in 2018 by the amount of the property Eliminate supplemental county levy for Lake County. Provides that the supplemental county property tax levy in Lake County that is distributed to school corporations in Lake County expires January 1, 2018. Provides that after 2017, a school corporation in Lake County may impose a property tax levy for the school corporation's general fund equal to the school corporation's distribution from the supplemental county property tax levy in Lake County in 2017. Provides that the department of local government finance shall decrease the Lake County government's maximum permissible ad valorem property tax levy in 2018 by the amount of the property tax levy distributed to school corporations in Lake County in 2017. Provides that the department of local government finance shall increase the maximum permissible ad valorem property tax levy in 2018 of each school corporation in Lake County by the amount of the supplemental Lake County property tax levy distributed to the school corporation in 2017. ... View more