Section 6-1.1-18.5-30 - Howard County; maximum levies(a) This section applies only to Howard County.(b) Subject to subsection (c), the executive of a county described in subsection (a) may, after approval by the fiscal body of the county, and before August 1, 2022, submit a petition to the department of local government finance requesting an increase in the county's maximum permissible ad valorem property tax levy for property taxes first due and payable in 2023.(c) Before the fiscal body of the county may approve a petition under subsection (b), the fiscal body of the county shall hold a public hearing on the petition. The fiscal body shall give notice of the public hearing under IC 5-3-1. At the public hearing, the fiscal body shall make available to the public the following: (1) A fiscal plan describing the need for the increase to the levy and the expenditures for which the revenue generated from the increase to the levy will be used.(2) A statement that the proposed increase will be a permanent increase to the township's maximum permissible ad valorem property tax levy.(3) The estimated effect of the proposed increase on taxpayers. After the fiscal body approves the petition, the county shall immediately notify the other civil taxing units and school corporations in the county that are located in a taxing district where the county is also located.
(d) If the executive of the county submits a petition under subsection (b), the department of local government finance shall increase the maximum permissible ad valorem property tax levy for property taxes first due and payable in 2023 by not more than ninety-seven thousand two hundred and ninety-three dollars ($97,293).(e) The adjustment under this section is a temporary, one (1) time increase to the county's maximum permissible ad valorem property tax levy for purposes of this chapter.(f) This section expires June 30, 2026.Added by P.L. 174-2022,SEC. 40, eff. 7/1/2022.