HB 1080 Summary

• Removes the sunset provision from IC 6-1.1-20.6-9.9, making permanent the eligibility of school corporations to allocate circuit breaker credits proportionately (previously limited to tax years 2014, 2015, and 2016).

• School corporations remain eligible to allocate credits proportionately if their credits against the transportation fund levy equal at least 10% of that fund's total levy, as certified by the department of local government finance.

• Eligible school corporations may distribute the effect of circuit breaker credits proportionately across all non-exempt property tax funds based on each fund's levy, without applying protected tax requirements.

• School corporations seeking eligibility must submit a written certification request to the department of local government finance before May 1, with the department required to certify eligibility by June 1.

• Effective date: July 1, 2016.