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IN SB0302
Bill
Status
2/2/2016
Primary Sponsor
Howard Kenley
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AI Summary
SB 302 Summary
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Specifies distribution of excise and local taxes collected under the tax amnesty program, with the first $84,000,000 deposited into the Indiana regional cities development fund.
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Directs the next $42,000,000 collected under the tax amnesty program to the Indiana regional cities development fund for a third grant under the regional cities initiative.
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Deposits any remaining amounts collected under the tax amnesty program into the state bicentennial capital account instead of the state general fund.
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Changes revenue from rental of communications system infrastructure to be deposited in the state general fund instead of the state bicentennial capital account.
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Appropriates $42,000,000 from the Indiana regional cities development fund for funding a third regional cities initiative grant.
Legislative Description
State and local finance. Specifies the manner in which certain excise taxes and local taxes collected under the tax amnesty program shall be distributed. Provides that after making the distributions required under the tax amnesty program, the next $42,000,000 collected under the program must be deposited into the Indiana regional cities development fund. Provides that any remaining amounts collected under the tax amnesty program shall be deposited in the state bicentennial capital account (rather than the state general fund, under current law). Specifies that revenue received from the rental of certain communications system infrastructure shall be deposited in the state
Last Action
Representative GiaQuinta added as cosponsor
2/16/2016