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IN SB0371

Bill

Official Source

Status

Introduced

1/10/2017

Primary Sponsor

Mark Stoops

Click for details

Origin

Senate

2017 Regular Session

AI Summary

  • Monroe County fiscal body may adopt an ordinance imposing a local income tax on adjusted gross income of taxpayers to fund county transit projects.
  • Tax rate must be at least 0.1% but not more than 0.25%.
  • Ordinance must allocate tax revenues by percentage to public transportation corporation operations under IC 36-9-4-13 and rural transportation assistance programs under 49 U.S.C. 5311.
  • County auditor transfers revenues to transit providers according to allocation percentages specified in the ordinance.
  • Tax is in addition to any other tax rates authorized under state law.

Legislative Description

Monroe County public transit funding. Allows the county council of Monroe County to adopt an ordinance imposing an additional local income tax rate to fund one or more county transit projects. Provides that the rate must be at least 0.1% but not more than 0.25%.

Last Action

First reading: referred to Committee on Local Government

1/10/2017

Committee Referrals

Local Government1/10/2017

Full Bill Text

No bill text available