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IN SB0317
Bill
Status
1/10/2018
Primary Sponsor
Mark Stoops
Click for details
AI Summary
Senate Bill No. 317 Summary
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Allows county fiscal bodies to adopt an ordinance imposing a local income tax on adjusted gross income to fund public transportation operations and rural transportation assistance programs
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Tax rate must be between 0.1% and 0.25%, adopted by county ordinance
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Counties must allocate tax revenues by percentage between public transportation corporation operations and rural transportation assistance programs described in 49 U.S.C. 5311
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County auditor transfers collected revenues to the applicable public transportation corporation and rural transportation assistance program according to the ordinance allocation percentages
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Does not apply to eligible counties under the central Indiana public transportation projects statute; tax imposed under this section is in addition to all other county tax rates
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Effective July 1, 2018
Legislative Description
Public transit funding. Allows counties to impose an additional local income tax rate to fund the operations of a public transportation corporation and the operations of a rural transportation assistance program. 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
1/10/2018