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Introduced House Bill (H)

DIGEST

Circuit breaker replacement grants. Provides for grants to public libraries in Lake County and St. Joseph County to replace revenue lost to those public libraries from the application of the circuit breaker credit after December 31, 2019. Specifies that a public library is entitled to such a grant in a particular year only if it expects to lose more than 1% of its property tax revenue because of the application of the circuit breaker credits. Appropriates from the state general fund the amounts necessary to make the required grant payments. Circuit breaker replacement grants. Provides for grants to public libraries in Lake County and St. Joseph County to replace revenue lost to those public libraries from the application of the circuit breaker credit after December 31, 2019. Specifies that a public library is entitled to such a grant in a particular year only if it expects to lose more than 1% of its property tax revenue because of the application of the circuit breaker credits. Appropriates from the state general fund the amounts necessary to make the required grant payments.