IN HB1336

Legislative Description

Law enforcement academy funding. Imposes an excise tax on each policy of insurance issued for automobile liability coverage on a passenger motor vehicle or motorcycle registered in Indiana. Provides that the excise tax is imposed at the rate of $0.05 per $1,000 of total coverage under the policy for death, bodily injury, and property damage. Transfers the money received from the excise tax to the law enforcement academy fund (fund). Amends the fund provisions to allow the law enforcement training board to use money in the fund for: (1) capital projects; (2) technology equipment and services; and (3) curriculum development; for a law enforcement academy (including the northwest Indiana law enforcement academy and the southwest Indiana law enforcement academy); and (4) awarding grants or reimbursing costs for law enforcement training of police officers, county sheriffs, and deputy sheriffs under a grant program established by the board. Provides that, if an insurer cancels an automobile insurance policy for nonpayment of premium, the insurer shall notify the bureau of motor vehicles (bureau) of the cancellation via a computerized information system established by the bureau. Requires the bureau to send a notice of intent to revoke motor vehicle registration (notice) to the owner of a passenger motor vehicle or motorcycle for which the bureau has received a notice of cancellation of automobile liability coverage requiring the owner to provide proof of financial responsibility for the passenger motor vehicle or motorcycle to the bureau within 30 days. Requires the bureau to revoke the certificate of registration and proof of registration of the passenger motor vehicle or motorcycle if the bureau does not receive proof of financial responsibility as required in the notice.

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