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IN HB1198
Bill
Status
1/7/2016
Primary Sponsor
William Friend
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AI Summary
HB 1198 Summary
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Counties that previously imposed less than their maximum permissible property tax levy may petition the Department of Local Government Finance for a determination of whether their current maximum levy is insufficient to adequately carry out governmental functions for 2017 and thereafter.
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The Department of Local Government Finance shall increase a qualifying county's maximum permissible property tax levy to the lesser of: (1) the amount needed to adequately carry out governmental functions, or (2) the amount the levy would have been if the county had imposed its maximum levy every year from 2003 through 2016.
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Miami County may use part of its special purpose local income tax rate (up to 0.25%) for financing, constructing, acquiring, renovating, equipping, and operating a county jail in addition to bonded debt repayment.
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Revenue from Miami County's special purpose income tax must be used exclusively for jail-related costs and bond repayment.
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The bill becomes effective July 1, 2016.
Legislative Description
County funding. Permits a county to appeal to the department of local government finance (DLGF) to make a determination of whether the county's maximum permissible tax levy is insufficient for the county to adequately carry out its governmental functions for 2017 and thereafter if the insufficiency is because the county had its maximum levy reduced because the unit had not imposed its maximum levy in previous years. Permits such a county to increase its maximum permissible tax levy to an amount determined by the DLGF that is needed to adequately carry out the county's governmental functions. Limits the resulting levy
Last Action
First reading: referred to Committee on Ways and Means
1/7/2016