HB 1540 Summary

• Authorizes public transportation corporations to receive funding from county adjusted gross income tax, county option income tax, county economic development income tax, and local option income tax imposed for public safety purposes.

• Establishes a $10 city registration fee on passenger cars and trucks under 11,000 pounds gross weight, with revenue transferred to public transportation corporations for operating expenses.

• Permits counties and cities to use certified distribution and local option income tax revenue to fund public transportation corporation operations through fiscal body ordinance adopted before November 1.

• Creates a referendum tax levy option allowing cities to place public transportation funding questions on ballots, with levy duration not exceeding seven years and subject to voter approval.

• Effective July 1, 2013, and amends Indiana Code sections 6-3.5, 9-13-2-105, 9-29-1-10, and 36-9 to implement multiple funding mechanisms for public transportation.