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IN SB0441
Bill
Status
1/10/2013
Primary Sponsor
Timothy Skinner
Click for details
AI Summary
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Redirects 0.67% of state sales tax revenue from the general fund to counties, cities, and towns for local road and street purposes, effective July 1, 2013
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Distributes funds monthly based on each locality's proportionate share of total local road and street mileage in Indiana
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Requires the auditor of state to calculate county allocations by dividing local road/street mileage within each county by total statewide mileage, then multiplying by the monthly deposit amount
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Suballocates funds within each county between the county government and its cities/towns based on their respective share of road and street mileage
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Restricts use of distributed funds to the same purposes allowed for the existing local road and street account under IC 8-14-2-5
Legislative Description
Local road funding and sales tax.
Last Action
First reading: referred to Committee on Tax and Fiscal Policy
1/10/2013