House Enrolled Act 1252 Summary

• Allows Perry County to impose an additional county economic development income tax (CEDIT) up to 0.5% on adjusted gross income for county jail construction, acquisition, improvement, and related facilities.

• Permits Perry County to issue bonds or enter into leases for up to 25 years to finance county jail projects, with the additional tax revenue dedicated to repayment of such bonds or leases.

• Establishes a county jail revenue fund in which all revenue from the additional CEDIT rate must be deposited before regular certified distributions are made.

• Authorizes use of accumulated CEDIT revenue after bonds are redeemed or lease payments are completed to be transferred to the county highway fund for road and bridge improvements.

• Raises Perry County's combined CEDIT and county option income tax rate ceiling to 1.75% (from standard 1% limit), conditional on adoption of an ordinance under this section.