IN HB1499

Changes how county income tax distributions are calculated by basing certified distributions on the amount of tax actually received from county taxpayers, rather than requiring the amounts to be reported on processed tax returns

Applies to three types of county income taxes: county adjusted gross income tax, county option income tax, and county economic development income tax

Requires the budget agency's informative summary to county councils to include a new line item showing the total amount of tax received from county taxpayers for the applicable taxable year

Effective date is July 1, 2013