However, the amount of the tax levy may not be greater than the amount determined under STEP TWO of the following formula:STEP ONE: Determine the total dollar amount of that tax levy for 1972, payable in calendar year 1973, assuming one hundred percent (100%) tax collection.STEP TWO: Multiply the STEP ONE amount by the ADA ratio.[Pre-2006 Recodification Citation: 21-2-12-4.1(a) part.]As added by P.L.2-2006, SEC.168.
Indiana Legal Code