Note: This version of section effective until 1-1-2019. See also following repeal of this section, effective 1-1-2019.

1. (b) For property taxes first due and payable in 2019, a school corporation's levy under this section may not exceed an amount equal to:

   1. (1) the school corporation's levy for public playgrounds under IC 36-10-14 in 2018; multiplied by
   2. (2) the assessed value growth quotient determined under IC 6-1.1-18.5-2 .

2. (c) For property taxes first due and payable after 2019, a school corporation's levy under this section may not exceed an amount equal to:

   1. (1) the school corporation's maximum permissible levy under this section for the preceding year; multiplied by
   2. (2) the assessed value growth quotient determined under IC 6-1.1-18.5-2 .

Sec. 8. (a) A school corporation described in IC 36-10-14-1 may impose a levy to provide funding for public playgrounds.

As added by P.L.244-2017, SEC.106.