Elimination of supplemental county levies.

Provides that the supplemental county property tax levy in: (1) Lake County that is distributed to school corporations in Lake County; (2) Dearborn County that is distributed to school corporations in Dearborn County; and (3) Ripley County that is distributed to a school corporation located in both Ripley County and Dearborn County; expire January 1, 2022. Provides that after 2021, a school corporation in Lake County may impose a property tax levy for the school corporation's operations fund equal to the school corporation's distribution from the supplemental county property tax levy in Lake County in 2021. Provides that after 2021, a school corporation in Dearborn County (including a school corporation located in Dearborn County that also extends into Ripley County) may impose a property tax levy for the school corporation's operations fund equal to the school corporation's distribution from the supplemental county property tax levy in Dearborn County in 2021. Provides that the department of local government finance shall: (1) decrease the Lake County government's maximum permissible ad valorem property tax levy in 2022 by the amount of the property tax levy distributed to school corporations in Lake County in 2021; (2) decrease the Dearborn County government's maximum permissible ad valorem property tax levy in 2022 by the amount of the property tax levy distributed to school corporations in Dearborn County in 2021; and (3) decrease the Ripley County government's maximum permissible ad valorem property tax levy in 2022 by the amount of the property tax levy distributed to school corporations in Ripley County in 2021.