Current through P.L. 171-2024
Section 6-1.1-18-33 - Town of LaGrange; maximum levies(a) This section applies only to the town of LaGrange.(b) The executive of the town may, upon approval by the fiscal body of the town, submit a petition to the department of local government finance for an increase in the town's maximum permissible ad valorem property tax levy under IC 6-1.1-18.5 for property taxes due and payable in 2022. A petition must be submitted not later than September 1, 2021.(c) If a petition is submitted under subsection (b), the department of local government finance shall increase the town's maximum permissible ad valorem property tax levy under IC 6-1.1-18.5 for property taxes due and payable in 2022. The amount of the increase under this section is equal to the difference between: (1) the lesser of: (A) the town's maximum permissible ad valorem property tax levy under IC 6-1.1-18.5 for property taxes due and payable in 2021; or(B) the ad valorem property tax levy adopted by the town fiscal body for property taxes due and payable in 2021; and(2) the town's ad valorem property tax levy as certified by the department of local government finance for property taxes due and payable in 2021.(d) The adjustment under this section is a temporary, one (1) time increase to the town's maximum permissible ad valorem property tax levy for purposes of IC 6-1.1-18.5.(e) This section expires June 30, 2024.Added by P.L. 38-2021,SEC. 31, eff. 4/8/2021.