Loading chat...
IN HB1120
Bill
Status
Introduced
1/5/2017
Primary Sponsor
Doug Miller
Click for details
AI Summary
- Applies to counties that received a special distribution of local income tax revenue in 2016 and had one or more special purpose rates in effect during 2016
- Requires the budget agency to compute by August 1, 2017, what portion of each qualifying county's 2016 special distribution would have been allocated to special purposes if allocated using supplemental distribution methods instead of special distribution methods
- Provides qualifying counties with increased local income tax revenue distributions in 2018, 2019, and 2020, with annual amounts equal to one-third of the computed shortfall amount
- Requires counties receiving these distributions to use the money for the special purposes for which the special purpose rates were adopted
- Effective July 1, 2017, and amends Indiana Code section 6-3.6
Legislative Description
Special purpose local income tax rates. Provides that for each county that: (1) received a special distribution of local income tax revenue in 2016; and (2) imposed one or more special purpose rates that were in effect during 2016; the county will receive an increased share of local income tax revenue in 2018, 2019, and 2020 to make up for the fact that the special distribution of local income tax revenue under SEA 67-2016 did not allocate any part of the special distribution to a special purpose for which a special purpose rate was in effect in the county in
Last Action
Representative Culver added as coauthor
1/23/2017
Committee Referrals
Ways and Means1/5/2017
Full Bill Text
No bill text available