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IN SB0391
Bill
Status
1/10/2017
Primary Sponsor
Mark Stoops
Click for details
AI Summary
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Allows county fiscal bodies to adopt ordinances imposing a local income tax on adjusted gross income of residents to fund county transit projects, effective July 1, 2017.
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Tax rate must be between 0.1% and 0.25% and must be specified in the adopted ordinance.
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Revenue may be allocated by percentage to fund public transportation corporation operations or rural transportation assistance programs under 49 U.S.C. 5311.
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County auditor must transfer tax revenues to public transportation corporations and rural transportation programs according to allocation percentages specified in the ordinance.
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Does not apply to counties eligible to hold referendums on funding transportation projects under the central Indiana public transportation projects statute.
Legislative Description
Public transit funding. Allows counties to impose an additional local income tax rate to fund one or more county transit projects. Provides that the rate must be adopted by the county council and must be at least 0.1% but not more than 0.25%. Excludes from this provision any county that is eligible to hold a referendum on funding transportation projects under the central Indiana public transportation projects statute.
Last Action
First reading: referred to Committee on Tax and Fiscal Policy
1/10/2017