{"data":{"id":"us-in/ic-6-1.1-41-2","jurisdiction":"us-in","citation":"IC 6-1.1-41-2","heading":"Authorization of fund and tax levies","body":"Sec. 2. (a) In addition to complying with the budget, tax rate, and tax levy requirements applicable to other tax levies, a political subdivision may:\n(1) establish a cumulative fund and impose a property tax for the cumulative fund; or\n(2) increase the tax rate for a cumulative fund;\nonly after the proposal is adopted and approved in compliance with this chapter.\n(b) If a cumulative fund is not established and the tax rate is not certified in conformity with this chapter, the political subdivision may not levy a tax for the fund in the ensuing year. If a cumulative fund that has been established in a prior year is not reestablished and the tax rate is not certified in conformity with this chapter, the political subdivision may not increase a tax rate for the cumulative fund for the ensuing year.","path":["TITLE 6. TAXATION","ARTICLE 1.1. PROPERTY TAXES","Chapter 41. Cumulative Fund Tax Levy Procedures"],"source_url":"https://iga.in.gov/ic/2026/Title_6.html#6-1.1-41-2","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-09T01:51:39Z","sha256":"0863c2abed5498792e6296462a8182e0c12d5d9e02520b2dec22af9e4fb826a1","source_id":"us-in","stale":false,"prev":"us-in/ic-6-1.1-41-1","next":"us-in/ic-6-1.1-41-3"},"notice":"GroundRules: Original legal text. Not legal advice."}