{"data":{"id":"us-in/ic-6-1.1-22.1-12","jurisdiction":"us-in","citation":"IC 6-1.1-22.1-12","heading":"Loan proceeds; not considered part of ad valorem property tax levy actually collected","body":"Sec. 12. The proceeds of a loan under this chapter received by an eligible taxing unit are not considered to be part of the ad valorem property tax levy actually collected by the qualified taxing unit for taxes first due and payable during a particular calendar year for the purpose of calculating levy excess.","path":["TITLE 6. TAXATION","ARTICLE 1.1. PROPERTY TAXES","Chapter 22.1. Loans to Qualified Taxing Units in Lake County"],"source_url":"https://iga.in.gov/ic/2026/Title_6.html#6-1.1-22.1-12","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-09T01:51:39Z","sha256":"5550873036914c8359b4612f6ae82ac2be7097939125b67807362b15e486f6d0","source_id":"us-in","stale":false,"prev":"us-in/ic-6-1.1-22.1-11","next":"us-in/ic-6-1.1-22.1-13"},"notice":"GroundRules: Original legal text. Not legal advice."}