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IN HB1179
Bill
Status
1/12/2015
Primary Sponsor
Michael Karickhoff
Click for details
AI Summary
HB 1179 Summary
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Nonresident individuals working in a county must pay county adjusted gross income tax, county option income tax, and county economic development income tax at one-fourth (1/4) the rate imposed on residents of that county.
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Excludes capital improvement tax rates from the calculation of nonresident tax rates.
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Provides a tax credit against an individual's county of residence taxes equal to taxes paid to the county where they work.
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Effective January 1, 2016, with provisions expiring January 1, 2018.
Legislative Description
Local option income taxes. Provides that an individual who has a principal place of employment or business in a county other than the individual's county of residence shall pay a county adjusted gross income tax, county option income tax, or county economic development income tax imposed by the county where the individual maintains the principal place of employment or business at a rate that is one-fourth of the sum of certain tax rates imposed on residents of the county under those taxes. Excludes certain county adjusted gross income tax rates, county option income tax rates, and county economic development income
Last Action
Representative Pryor added as coauthor
1/22/2015