Loading chat...

IN HB1102

Bill

Official Source

Status

Introduced

1/7/2019

Primary Sponsor

Robert Cherry

Click for details

Origin

House of Representatives

2019 Regular Session

AI Summary

  • Maximum local income tax expenditure rate for correctional and rehabilitation facilities increases from 0.2% to 0.4%
  • Maximum duration for the tax rate allocation extends from 20 years to 22 years
  • County fiscal bodies may adopt ordinances to impose the tax rate in increments of 0.01%
  • Revenue must be maintained in a separate dedicated county fund exclusively for correctional and rehabilitation facilities
  • Effective date: July 1, 2019

Legislative Description

Local income tax rate. Increases the maximum portion of the local income tax expenditure rate that a county fiscal body may allocate for correctional and rehabilitation facilities from 0.2% to 0.4%. Extends the maximum time period for the allocation from 20 to 22 years.

Last Action

First reading: referred to Committee on Ways and Means

1/7/2019

Committee Referrals

Ways and Means1/7/2019

Full Bill Text

No bill text available