IC 20-40-18-2 : Sources of revenue

Sec. 2. The operations fund shall be used to deposit the following after December 31, 2018:
(1) Revenue from the school corporation's operations fund property tax levy under IC 20-46-8.
(2) The sum of the following excise tax revenue received for deposit in the fund in the calendar year in which the school year begins:
(A) Financial institutions excise tax (IC 6-5.5).
(B) Motor vehicle excise taxes (IC 6-6-5).
(C) Commercial vehicle excise taxes (IC 6-6-5.5).
(D) Boat excise tax (IC 6-6-11).
(E) Aircraft license excise tax (IC 6-6-6.5).
(3) Transfers from the education fund (IC 20-40-2) or the operating referendum tax levy fund (IC 20-40-3), if any.
(4) Allocations of local income taxes to the school corporation under IC 6-3.6-6, if any.
As added by P.L.244-2017, SEC.86.