IC 6-3.6-7-5 : Revenue from special purpose rate treated as additional revenue; may not reduce levy limit or approved rate

Sec. 5. Revenue raised from a tax imposed under this chapter shall be treated as additional revenue and may not be considered by the department of local government finance in determining:

(1) any taxing unit's maximum permissible property tax levy limit under IC 6-1.1-18.5; or

(2) the approved property tax rate for any fund.

As added by P.L.243-2015, SEC.10.