HB 1280 Summary

• Amends IC 36-7-13-15 to eliminate the $2,000,000 per state fiscal year aggregate limit on tax revenue distributions to community revitalization enhancement districts in Delaware County.

• Removes subsection (e) which previously capped combined state gross retail and use tax and adjusted gross income tax revenues distributed to all Delaware County districts at $2,000,000 annually.

• Maintains existing per-district caps of $1,000,000 for districts designated under sections 10.5 or 12, and $750,000 for districts designated under sections 10.1 or 12.1.

• Effective July 1, 2013.