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IN SB0365

Bill

Official Source

Status

Introduced

1/12/2010

Primary Sponsor

John Broden

Click for details

Origin

Senate

2010 Regular Session

AI Summary

  • Equalizes county option income tax and county adjusted gross income tax rates for nonresident county taxpayers to match the rate imposed on resident county taxpayers, effective January 1, 2011
  • Eliminates the previous lower tax rate for nonresidents (which was one-fourth of the resident rate for county option income tax and 0.25% for county adjusted gross income tax)
  • Counties are not required to adopt or amend any ordinance to implement the rate increase on nonresident taxpayers; the change applies automatically
  • Applies to taxable years beginning after December 31, 2010
  • Removes superseded statutory provisions that referenced the separate nonresident tax rates in various county-specific sections (Miami, Howard, Scott, and Monroe counties)

Legislative Description

Local option tax rates for nonresidents.

Last Action

First reading: referred to Committee on Tax and Fiscal Policy

1/12/2010

Full Bill Text

No bill text available