- (a) This chapter does not apply to a qualified school corporation until the expiration of IC 20-45-8 under IC 20-45-8-29 .
- (b) As used in this section, "qualified school corporation" has the meaning set forth in IC 20-45-9-2 .
- (c) The property tax levy limits imposed by section 1 of this chapter do not apply to property taxes imposed by a qualified school corporation under IC 20-45-9 .
- (d) For the purpose of computing the maximum permissible operations fund property tax levy imposed on a qualified school corporation by section 1 of this chapter, the qualified school corporation's maximum permissible operations fund levy for a particular year does not include that part of the levy described in subsection (c).
As added by P.L.236-2023, SEC.155. Amended by P.L.214-2025, SEC.206.