Senate Bill 258 Summary

• Replaces the county income tax council with the county council (or city-county council in Marion County) for managing county option income tax, county motor vehicle excise surtax, and county wheel tax, effective January 1, 2015.

• Preserves all actions taken before January 1, 2015 by the county income tax council, including tax impositions, rates, revenue uses, and agreements, which continue in effect unless modified by the county council after December 31, 2014.

• Updates definitions in Indiana Code to reflect that "county council" now includes consolidated city councils and streamlines references from "county income tax council" to "county council" throughout relevant tax statutes.

• Applies to specific provisions governing county option income tax, economic development income tax, motor vehicle excise surtax, wheel tax, and property tax replacement credits.

• Maintains existing covenant provisions allowing the county council to bind itself regarding pledged tax revenues for bond obligations.