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DIGEST OF INTRODUCED BILL
Exception to circuit breaker credit. Eliminates an exception to the circuit breaker credit for property taxes imposed in Lake County or St. Joseph County to pay debt service or make lease payments for bonds or leases issued or entered into before July 1, 2008. Repeals a provision memorializing a determination made in 2008 by the general assembly that the circuit breaker limits were expected to reduce in 2010 the aggregate property tax revenue that would otherwise be collected by all units of local government and school corporations in Lake County and St. Joseph County by at least 20%.