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IN HB1411
Bill
Status
1/17/2017
Primary Sponsor
Randall Frye
Click for details
AI Summary
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Increases the percentage of sales tax revenue (excluding gasoline use tax) allocated to the industrial rail service fund from 0.031% to 0.062%
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Decreases the corresponding percentage of sales tax revenue distributed to the state general fund from 99.838% to 99.807%
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Applies to sales tax collections described in IC 6-2.5-10-1(b)(2)
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Effective July 1, 2017
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Amends Indiana Code IC 6-2.5-10-1, previously amended by P.L.146-2016
Legislative Description
Funding for industrial rail service. Increases, from 0.031% to 0.062%, the percentage of sales tax revenue (other than gasoline use tax revenue) that is distributed to the industrial rail service fund, and makes a corresponding decrease in the percentage of sales tax revenue (other than gasoline use tax revenue) that is distributed to the state general fund.
Last Action
First reading: referred to Committee on Ways and Means
1/17/2017