1. (a) Subject to subsection (b), beginning with property taxes first due and payable after December 31, 2027:

   1. (1) a school city (as defined in IC 20-25-2-12 ) may not impose the property tax levy or otherwise exercise the powers and duties under this chapter; and
   2. (2) the public education corporation shall impose the annual property tax levy under this chapter in the territory of the school city and assumes the powers and duties of the school city under this chapter as set forth in IC 20-25.3-5 .

2. (b) Notwithstanding subsection (a), beginning with property taxes first due and payable after December 31, 2025, the county auditor shall:

   1. (1) determine the amounts of revenue to be distributed to the public education corporation, the school city, and any charter schools as provided in section 11.2 or 12 of this chapter, as applicable; and
   2. (2) distribute revenue collected from a levy imposed under this chapter to the public education corporation, the school city, and any charter schools as provided in section 11.2 or 12 of this chapter, as applicable.

As added by P.L.101-2026, SEC.19.