{"data":{"id":"us-in/ic-6-1.1-18.5-20","jurisdiction":"us-in","citation":"IC 6-1.1-18.5-20","heading":"Exemption from levy limits; local airport authorities","body":"Sec. 20. (a) The ad valorem property tax levy limits imposed by section 3 of this chapter do not apply to ad valorem property taxes imposed by a local airport authority under IC 8-22-3-25 for a cumulative building fund.\n(b) For purposes of computing the ad valorem property tax levy limits imposed on a civil taxing unit by section 3 of this chapter, a local airport authority's ad valorem property tax levy for a calendar year does not include that part of its levy that is levied under IC 8-22-3-25 for a cumulative building fund.","path":["TITLE 6. TAXATION","ARTICLE 1.1. PROPERTY TAXES","Chapter 18.5. Civil Government Property Tax Controls"],"source_url":"https://iga.in.gov/ic/2026/Title_6.html#6-1.1-18.5-20","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-09T01:51:39Z","sha256":"d7fcef6f890979f49422afd992049f19b8dff996b27ff1e43542fd93ee43ab5f","source_id":"us-in","stale":false,"prev":"us-in/ic-6-1.1-18.5-19.1","next":"us-in/ic-6-1.1-18.5-21"},"notice":"GroundRules: Original legal text. Not legal advice."}