IC 20-43-3
    Chapter 3. General Computations; Amounts Used in State TuitionSupport Calculations

IC 20-43-3-1
Rounding conventions
    Sec. 1. If a computation under this article results in a fraction anda rounding rule is not specified, the fraction shall be rounded asfollows:
        (1) All calculations related to the complexity index shall becomputed by rounding to the nearest ten thousandth (0.0001).
        (2) All tuition support distributions shall be computed byrounding the levy or tuition support distribution to the nearestdollar ($1) amount.
        (3) The fraction calculated in IC 20-43-2-4 shall be computedby rounding to the nearest one millionth (0.000001).
        (4) If a calculation is not covered by subdivision (1), (2), or (3),the result of the calculation shall be rounded to the nearest onehundredth (0.01).
As added by P.L.2-2006, SEC.166. Amended by P.L.234-2007,SEC.237; P.L.146-2008, SEC.483.

IC 20-43-3-2
Calculation; excise tax revenue
    Sec. 2. (a) This subsection does not apply to a charter school. Aschool corporation's excise tax revenue is the sum of the:
        (1) financial institution excise tax revenue (IC 6-5.5);
        (2) motor vehicle excise taxes (IC 6-6-5);
        (3) commercial vehicle excise taxes (IC 6-6-5.5);
        (4) boat excise tax (IC 6-6-11); and
        (5) aircraft excise tax (IC 6-6-6.5);
the school corporation received for deposit in the schoolcorporation's general fund in a calendar year or would have receivedfor deposit in the school corporation's general fund in a calendar yearif the settlement of property taxes first due and payable in thecalendar year had been made on the schedule required underIC 6-1.1-27-1.
    (b) A charter school's excise tax revenue for a calendar year iszero (0).
As added by P.L.2-2006, SEC.166.

IC 20-43-3-3
Repealed
    (Repealed by P.L.1-2010, SEC.156.)

IC 20-43-3-4
Calculation; previous year revenue
    Sec. 4. (a) This subsection applies to calendar year 2009. A schoolcorporation's previous year revenue equals the amount determinedunder STEP TWO of the following formula:        STEP ONE: Determine the sum of the following:
            (A) The school corporation's basic tuition support for theyear that precedes the current year.
            (B) The school corporation's maximum permissible tuitionsupport levy for calendar year 2008.
            (C) The school corporation's excise tax revenue for calendaryear 2007.
        STEP TWO: Subtract from the STEP ONE result an amountequal to the reduction in the school corporation's state tuitionsupport under any combination of subsection (c), subsection(d), IC 20-10.1-2-1 (before its repeal), or IC 20-30-2-4.
    (b) This subsection applies to calendar years 2010 and 2011. Aschool corporation's previous year revenue equals the amountdetermined under STEP TWO of the following formula:
        STEP ONE: Determine the sum of the following:
            (A) The school corporation's basic tuition support for theyear that precedes the current year.
            (B) For calendar year 2010, the amount of educationstabilization funds received by the school corporation incalendar year 2009 under Section 14002(a) of the federalAmerican Recovery and Reinvestment Act of 2009 (ARRA).
            (C) The amount of the annual decrease in federal aid toimpacted areas from the year preceding the ensuing calendaryear by three (3) years to the year preceding the ensuingcalendar year by two (2) years.
        STEP TWO: Subtract from the STEP ONE result an amountequal to the reduction in the school corporation's state tuitionsupport under any combination of subsection (c) orIC 20-30-2-4.
    (c) A school corporation's previous year revenue must be reducedif:
        (1) the school corporation's state tuition support for specialeducation or career and technical education is reduced as aresult of a complaint being filed with the department afterDecember 31, 1988, because the school program overstated thenumber of children enrolled in special education programs orcareer and technical education programs; and
        (2) the school corporation's previous year revenue has not beenreduced under this subsection more than one (1) time becauseof a given overstatement.
The amount of the reduction equals the amount the schoolcorporation would have received in state tuition support for specialeducation and career and technical education because of theoverstatement.
    (d) This section applies only to 2009. A school corporation'sprevious year revenue must be reduced if an existing elementary orsecondary school located in the school corporation converts to acharter school under IC 20-24-11. The amount of the reductionequals the product of:
        (1) the sum of the amounts distributed to the conversion charter

school under IC 20-24-7-3(c) and IC 20-24-7-3(d) (as effectiveDecember 31, 2008); multiplied by
        (2) two (2).
As added by P.L.2-2006, SEC.166. Amended by P.L.234-2007,SEC.135; P.L.234-2007, SEC.238; P.L.3-2008, SEC.123;P.L.146-2008, SEC.485; P.L.182-2009(ss), SEC.331.

IC 20-43-3-5
Repealed
    (Repealed by P.L.146-2008, SEC.807.)

IC 20-43-3-6
Repealed
    (Repealed by P.L.146-2008, SEC.807.)