IN SB0062

Changes the effective date for county adjusted gross income tax and county option income tax from October 1 to December 1 of the year an ordinance is adopted

Removes previous timing requirements that ordinances be adopted between March 31 and August 1, allowing ordinances to be adopted at any time during the year

Modifies distribution schedules for certain counties with specific population ranges to align with the new December 1 effective date instead of October 1

Updates report submission deadlines from October 2 to November 2 for budget agency reports on county adjusted gross income tax account balances

Applies retroactively to January 1, 2009 for certain county economic development income tax provisions in Section 22