Loading chat...
IN HB1528
Bill
Status
1/17/2019
Primary Sponsor
Peggy Mayfield
Click for details
AI Summary
-
Increases the insurance premiums tax from 1.3% to 1.35%, with revenue from the 0.05% increase transferred annually to the law enforcement academy fund starting March 15, 2021
-
Expands permitted uses of the law enforcement academy fund to include capital projects, technology equipment and services, and curriculum development
-
Applies fund expenditures to multiple academies, specifically including the northwest Indiana and southwest Indiana law enforcement academies
-
Prevents money in the law enforcement academy fund from reverting to the state general fund at the end of each fiscal year
-
Limits administrative costs to no more than 10% of the fund balance
Legislative Description
Funding for law enforcement academy. Increases the insurance premiums tax from 1.3% to 1.35%. Transfers the money received from the increase in the 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). Specifies that money in the fund at the end of a state fiscal year does not revert to the state general fund.
Last Action
First reading: referred to Committee on Ways and Means
1/17/2019