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SB 518 IN
Passed One Chamber

School property taxes.

IN · session 2025 · Senate · bill

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Introduced Jan 16, 2025

Latest action (Mar 3, 2025) First reading: referred to Committee on Ways and Means

Summary

Provides that all school corporations that adopt a resolution for a property tax levy for a controlled project or a school safety referendum tax levy after May 10, 2025, must share revenue received from the levy with certain charter schools. Specifies, for purposes of making distributions to charter schools from a property tax levy for a controlled project, that only charter schools located within the attendance area of the school corporation shall receive a distribution of revenue from that levy and requires such a charter school to establish a separate account to deposit the revenue. Requires all school corporations to share revenue received from a debt service levy with certain charter schools. Requires all school corporations that adopt a resolution for an operating referendum tax levy after May 10, 2025, to share revenue received from the levy with certain charter schools. Requires, beginning with distributions in 2028, that all school corporations begin sharing revenue from the school corporation's operations fund levy with certain charter schools. Provides for the phasing in of the sharing of revenue with certain charter schools from the school corporation's operations fund levy. Excludes school corporations meeting specified criteria from the sharing of property tax revenue received under the bill's provisions. Provides a calculation for determining the amount of an annual grant from the charter and innovation network school grant program based on the amount of property tax revenue received by a charter school from school corporations. Provides for the appointment of additional board members to the governing board of a charter school that receives property tax revenue. Sets forth additional procedures related to the closure of a charter school. Makes conforming changes.

Sponsors (4)

3 coauthors / cosponsors

Action history (28)

  1. Jan 16, 2025 Authored by Senators Rogers, Raatz, Gaskill · upper
  2. Jan 16, 2025 First reading: referred to Committee on Tax and Fiscal Policy · upper
  3. Feb 11, 2025 Committee report: amend do pass, adopted · upper
  4. Feb 19, 2025 Amendment #27 (Rogers) prevailed; voice vote · upper
  5. Feb 19, 2025 Amendment #26 (Yoder) failed; voice vote · upper
  6. Feb 19, 2025 Amendment #5 (Qaddoura) failed; Roll Call 158: yeas 10, nays 39 · upper
  7. Feb 19, 2025 Amendment #4 (Qaddoura) failed; Roll Call 159: yeas 12, nays 37 · upper
  8. Feb 19, 2025 Amendment #8 (Hunley) failed; Roll Call 160: yeas 10, nays 39 · upper
  9. Feb 19, 2025 Amendment #11 (Hunley) failed; voice vote · upper
  10. Feb 19, 2025 Amendment #12 (Hunley) failed; Roll Call 161: yeas 9, nays 40 · upper
  11. Feb 19, 2025 Amendment #17 (Hunley) failed; Roll Call 162: yeas 10, nays 39 · upper
  12. Feb 19, 2025 Amendment #1 (Qaddoura) failed; Roll Call 163: yeas 9, nays 40 · upper
  13. Feb 19, 2025 Amendment #2 (Qaddoura) failed; Roll Call 164: yeas 9, nays 40 · upper
  14. Feb 19, 2025 Amendment #3 (Qaddoura) failed; Roll Call 165: yeas 9, nays 40 · upper
  15. Feb 19, 2025 Amendment #6 (Qaddoura) failed; Roll Call 166: yeas 12, nays 37 · upper
  16. Feb 19, 2025 Amendment #13 (Qaddoura) failed; Roll Call 167: yeas 8, nays 40 · upper
  17. Feb 19, 2025 Amendment #15 (Qaddoura) failed; Roll Call 169: yeas 9, nays 40 · upper
  18. Feb 19, 2025 Amendment #14 (Qaddoura) failed; Roll Call 168: yeas 11, nays 38 · upper
  19. Feb 19, 2025 Amendment #22 (Hunley) failed; Roll Call 171: yeas 10, nays 39 · upper
  20. Feb 19, 2025 Amendment #20 (Hunley) failed; Roll Call 170: yeas 9, nays 40 · upper
  21. Feb 19, 2025 Second reading: amended, ordered engrossed · upper
  22. Feb 19, 2025 Amendment #18 (Hunley) failed; voice vote · upper
  23. Feb 19, 2025 Amendment #21 (Hunley) failed; voice vote · upper
  24. Feb 20, 2025 Third reading: passed; Roll Call 210: yeas 28, nays 21 · upper
  25. Feb 20, 2025 House sponsor: Representative Thompson · upper
  26. Feb 20, 2025 Cosponsors: Representatives Behning, Teshka, Ireland · upper
  27. Feb 21, 2025 Referred to the House · upper
  28. Mar 3, 2025 First reading: referred to Committee on Ways and Means · lower
Subjects
AGENCIES; Department of Local Government Finance (DLGF)ELECTIONS; Public Questions and ReferendumsSCHOOLS; Charter SchoolsSCHOOLS; Funds and BudgetsTAXES; Property TaxesTAXES; Tax Levies

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