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Introduced Senate Bill (S)

DIGEST

Marion County capital improvement board. Allows the expansion of the professional sports development area (tax area) in Marion County. Changes the maximum amount of state revenue that may be captured in the tax area after July 1, 2021. Authorizes the city-county council to adopt a resolution that continues imposition of the increase to the county supplemental auto rental excise tax through February 28, 2038. Authorizes the city-county council to adopt a resolution that continues imposition of the increase to the county admissions tax through February 28, 2038. Authorizes the city-county council to adopt a resolution that continues the capture of Marion County capital improvement board. Allows the expansion of the professional sports development area (tax area) in Marion County. Changes the maximum amount of state revenue that may be captured in the tax area after July 1, 2021. Authorizes the city-county council to adopt a resolution that continues imposition of the increase to the county supplemental auto rental excise tax through February 28, 2038. Authorizes the city-county council to adopt a resolution that continues imposition of the increase to the county admissions tax through February 28, 2038. Authorizes the city-county council to adopt a resolution that continues the capture of local income taxes attributable to the tax area until December 31, 2040. Allows the treasurer of state to enter into an agreement with the capital improvement board (CIB) in Marion County under which estimated excess revenues may be distributed to the CIB as a loan that must be repaid with interest no later than June 30, 2038. ... View more