{"data":{"id":"us-in/ic-20-44-3-2","jurisdiction":"us-in","citation":"IC 20-44-3-2","heading":"\"Levy excess\" defined; limitation","body":"Sec. 2. As used in this chapter, \"levy excess\" means that part of the property tax levy actually collected by a school corporation for taxes first due and payable during a particular calendar year that exceeds the school corporation's total levy, as approved by the department of local government finance under IC 6-1.1-17, for those property taxes. The term does not include delinquent ad valorem property taxes collected during a particular year that were assessed for an assessment date that precedes the assessment date for the current year in which the ad valorem property taxes are collected.","path":["TITLE 20. EDUCATION","ARTICLE 44. PROPERTY TAX LEVIES; GENERAL PROVISIONS","Chapter 3. Application of Levy Excess to Reduce Property Taxes"],"source_url":"https://iga.in.gov/ic/2026/Title_20.html#20-44-3-2","current_through":"2026","vintage":"2026","retrieved_at":"2026-08-01T01:34:30Z","sha256":"d9c176a27515b5f091a9f505a8d6078bc1c7596e8fc64aac9d92fd859ab4b1ed","source_id":"us-in","stale":false,"prev":"us-in/ic-20-44-3-1","next":"us-in/ic-20-44-3-3"},"notice":"GroundRules: Original legal text. Not legal advice."}