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IN SB0338
Bill
Status
1/7/2016
Primary Sponsor
Timothy Lanane
Click for details
AI Summary
SB 0338 Summary
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Transfers up to $250 million from state excess reserves in 2017 to a local road improvement incentive fund administered by the Indiana Department of Transportation.
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Distributes fund money to counties that adopt qualifying local revenue sources including wheel taxes, motor vehicle excise surtaxes, motor fuel taxes ($0.01-$0.02 per gallon), or county roads and bridges referendum levies.
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Increases maximum county motor vehicle excise surtax from $25 to $40 and maximum wheel tax from $40 to $55; eliminates requirement that counties adopt both taxes concurrently.
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Authorizes counties to impose motor fuel taxes and county roads and bridges referendum levies for road, street, and bridge improvements; expands "public safety" definition to include road safety expenditures.
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Requires budget agency to distribute supplemental payments equal to 50% of county trust account balances as of December 31, 2014, before May 1, 2016; all remaining fund money reverts to state general fund on June 30, 2020.
Legislative Description
Local transportation funding. Transfers up to $250 million of the state's excess reserves in 2017 to the local road improvement incentive fund (fund) established to provide funding to counties that adopt one of the local revenue sources authorized by this bill for purposes of local road, street, or bridge improvements, or road safety expenditures. Provides that the Indiana department of transportation (department) administers the fund. Provides that the department shall distribute an amount from the fund to each county that has adopted one of the revenue sources authorized by this bill (or counties that have adopted a wheel tax and
Last Action
First reading: referred to Committee on Tax & Fiscal Policy
1/7/2016