HB 1372 Summary

• Authorizes counties and cities to fund public transportation entities using county adjusted gross income tax, county option income tax, or county economic development income tax revenues.

• Allows cities served by public transportation corporations, regional transportation authorities, or urban mass transportation systems to hold referendums to impose a public transportation referendum income tax not to exceed 0.3% of adjusted gross income.

• Prohibits public transportation referendums from being held until 2012 or later.

• Establishes new Chapter 9 of IC 6-3.5 detailing the public transportation referendum income tax framework, including voter approval requirements, tax rate limits, revenue distribution to cities on May 1 and November 1, and administration by the Department of State Revenue.

• Effective July 1, 2011.