1. (a) This section applies only for property taxes first due and payable in 2026.
2. (b) Notwithstanding any provision to the contrary in this chapter, a school corporation is eligible to allocate the effects of supplemental homestead credits granted under IC 6-1.1-20.6-7.7 for property taxes first due and payable in 2026 proportionately among all the school corporation's property tax funds that are not exempt under section 7.5(b) or 7.5(c) of this chapter, based on the levy for each fund and without taking into account the requirements of section 9.8 of this chapter regarding protected taxes under this section, if the superintendent of the school corporation submits written notification to the department of local government finance not later than May 15, 2026.
3. (c) This section expires January 1, 2027.

As added by P.L.157-2026, SEC.80.