IN HB1304

Allows fiscal bodies of a county and another political subdivision with a contract for county operation of a public safety answering point to jointly petition for adjustment of maximum property tax levies.

Permits the county's maximum ad valorem property tax levy to increase by the amount the other political subdivision previously levied for the public safety answering point.

Requires the other political subdivision's maximum ad valorem property tax levy to decrease by the same amount previously levied for the public safety answering point.

Authorizes counties operating a public safety answering point to impose an additional county economic development income tax rate of 0.1% on resident taxpayers, with revenue used solely for public safety answering point expenses.

Effective July 1, 2013; the additional 0.1% income tax rate is excluded from calculations of maximum county economic development income tax and combined income tax rates.