Loading chat...
IN HB1628
Bill
Status
1/22/2015
Primary Sponsor
Robert Morris
Click for details
AI Summary
-
For the first two years after a public safety local option income tax (LOIT) is adopted, counties and municipalities may use the revenue only to increase total public safety expenditures.
-
Public safety LOIT revenue cannot be used during the first two years to reduce or replace funding from other revenue sources dedicated to public safety purposes.
-
Defines "public safety" to include police and law enforcement, firefighting, emergency medical services, juvenile detention facilities, county jails, probation departments, and related pension payments.
-
Tax rates are capped at 0.25% for counties and municipalities, and 0.5% for counties containing consolidated cities.
-
Public safety LOIT revenue must be deposited into separate accounts and the tax is excluded from calculations of maximum permissible income and property tax levies.
Legislative Description
Public safety local option income tax. Provides that for the first two years after a local option income tax for public safety (public safety LOIT) is adopted, a county or municipality that receives revenue from a public safety LOIT may use the public safety LOIT only to increase the total amount available for expenditure for public safety purposes. Provides that for the first two years after a public safety LOIT is adopted, the public safety LOIT may not be used to reduce or replace revenue devoted to public safety purposes from any other source of revenue.
Last Action
First Reading: referred to Committee on Ways and Means
1/22/2015