Loading chat...

OH HB471

Bill

Official Source

Status

Introduced

3/1/2012

Primary Sponsor

Lorraine Fende

Click for details

Origin

House of Representatives

129th General Assembly (2011-2012)

AI Summary

  • Increases Local Government Fund distributions by 3% over fiscal year 2011 levels for remaining months of fiscal year 2012 and by 6% over fiscal year 2011 levels for fiscal year 2013
  • Changes funding source from personal income tax revenue to the General Revenue Fund for Local Government Fund distributions
  • Applies to monthly distribution period from August 1, 2011, through June 30, 2013
  • Maintains Public Library Fund distributions at 95% of amounts credited in corresponding months from fiscal year 2010-2011
  • Requires Tax Commissioner to provide county auditors with estimates of Local Government Fund and Public Library Fund distributions by July 20 of relevant years

Legislative Description

To amend Section 757.10 of Am. Sub. H.B. 153 of the 129th General Assembly to increase Local Government Fund distributions to equal, for the remaining months of fiscal year 2012, 3% over fiscal year 2011 levels and, for fiscal year 2013, 6% over fiscal year 2011 levels.

Local Government Fund distributions-temporarily increase

Last Action

To Finance & Appropriations

3/1/2012

Full Bill Text

No bill text available