{"data":{"id":"us-in/ic-6-1.1-22.1-2","jurisdiction":"us-in","citation":"IC 6-1.1-22.1-2","heading":"\"Qualified taxing unit\"","body":"Sec. 2. As used in this chapter, \"qualified taxing unit\" means a city, township, or school corporation located in Lake County that experienced a property tax revenue shortfall in one (1) or more tax years:\n(1) that resulted from erroneous assessed valuation figures being provided to the city, township, or school corporation; and\n(2) for which the aggregate property tax revenue shortfall the city, township, or school corporation experienced, or will experience, is at least:\n(A) five million dollars ($5,000,000); or\n(B) twenty percent (20%) of its net tax levy;\nin any single tax year as a result of the erroneous assessed valuation figures referred to in subdivision (1).","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#6-1.1-22.1-2","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-09T01:51:39Z","sha256":"9d4e98cab13cfaae6d91c4693230d695d867349ff04504285d52de9d20861be8","source_id":"us-in","stale":false,"prev":"us-in/ic-6-1.1-22.1-1","next":"us-in/ic-6-1.1-22.1-3"},"notice":"GroundRules: Original legal text. Not legal advice."}