Note: This version of section effective until 7-1-2018. See also following version of this section, effective 7-1-2018.

1. (1) The revenue derived from a tax rate of eight and thirty-three hundredths cents ($0.0833) for each one hundred dollars ($100) of assessed valuation within the school corporation.

2. (2) The revenue derived from a tax rate equal to the difference between the maximum rate allowed for the school corporation's capital projects fund under IC 20-46-6 minus the actual capital projects fund rate that will be in effect for the school corporation for a particular year.

   [Pre-2006 Recodification Citation: 6-1.1-19-10(d).]

Sec. 6. Subject to IC 6-1.1-18.5-9.9 (before its repeal), the department of local government finance may allow a school corporation to establish a levy. The amount of the levy shall be determined each year and the levy may not exceed the lesser of the following:

As added by P.L.2-2006, SEC.169. Amended by P.L.182-2009(ss), SEC.347; P.L.137-2012, SEC.112.