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IN SB0158
Bill
Status
1/5/2011
Primary Sponsor
Dennis Kruse
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AI Summary
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Requires the budget agency to submit monthly reports to each county auditor showing account balances, deposits, distributions, and interest earned for the county's adjusted gross income tax (CAGIT), county option income tax (COIT), and county economic development income tax (CEDIT) accounts
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Mandates quarterly reports (due January 31, April 30, July 31, and October 31) to county auditors detailing the amount of tax withholdings attributable to each county as reported to the Department of State Revenue
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Retains existing annual reporting requirement before October 2 of each year showing account balances as of the budget agency's cutoff date
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Transfers reporting responsibility for CEDIT from the Department of State Revenue to the budget agency
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Effective date: July 1, 2011
Legislative Description
Local income tax reports.
Last Action
First reading: referred to Committee on Appropriations
1/5/2011