Senate Bill (H)

DIGEST

State and local finance. Specifies the manner in which certain excise taxes and local taxes collected under the tax amnesty program shall be distributed. Provides that after making the distributions required under the tax amnesty program, the next $42,000,000 collected under the program must be deposited into the Indiana regional cities development fund. Provides that any remaining amounts collected under the tax amnesty program shall be deposited in the state bicentennial capital account (rather than the state general fund, under current law). Specifies that revenue received from the rental of certain communications system infrastructure shall be deposited in the state State and local finance. Specifies the manner in which certain excise taxes and local taxes collected under the tax amnesty program shall be distributed. Provides that after making the distributions required under the tax amnesty program, the next $42,000,000 collected under the program must be deposited into the Indiana regional cities development fund. Provides that any remaining amounts collected under the tax amnesty program shall be deposited in the state bicentennial capital account (rather than the state general fund, under current law). Specifies that revenue received from the rental of certain communications system infrastructure shall be deposited in the state general fund (rather than the state bicentennial capital account, under current law). Appropriates $42,000,000 from the Indiana regional cities development fund for the purpose of funding a third grant under the regional cities initiative. ... View more