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IN HB1053
Bill
Status
1/3/2018
Primary Sponsor
William Friend
Click for details
AI Summary
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Authorizes Fulton County council to impose an additional local income tax rate of up to 0.25% on adjusted gross income of local taxpayers.
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Tax revenue may be used only for financing, constructing, acquiring, improving, renovating, equipping, operating, and maintaining a county jail, related buildings, and parking facilities, including demolition and land acquisition costs.
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Tax revenue may also be used to pay bonds issued or leases entered into for jail facility construction, acquisition, improvement, renovation, or equipping.
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Tax rate may be imposed only until facility construction is completed, bonds or leases are fully paid, or the ordinance is rescinded, whichever is latest.
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Bond or lease terms may not exceed 25 years; tax revenue must be deposited in a separate county jail revenue fund and cannot affect the county's maximum property tax levy limit.
Legislative Description
Local income tax rate for Fulton County jail. Authorizes the county council of Fulton County to impose an additional local income tax rate of not more than 0.25%. Provides that revenue from the additional tax rate may be used only to: (1) pay the costs of financing, constructing, acquiring, improving, renovating, equipping, operating, and maintaining a county jail and related buildings and parking facilities; and (2) pay bonds issued or leases entered into for the constructing, acquiring, improving, renovating, or equipping of the county jail and related buildings and parking facilities.
Last Action
First reading: referred to Committee on Ways and Means
1/3/2018