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House Bill 1004


House Bill 1004

ARCHIVE (2002)

Latest Information

 

DIGEST OF HB1004 (Updated February 28, 2002 12:09 PM - DI 84)


Establishes a state spending cap. Establishes the rural development administration fund. Increases the riverboat admissions tax to $4 and the riverboat wagering tax rate to 22.5%. Voids the department of local government finance rule for the assessment of personal property scheduled to take effect March 1, 2002, and reinstates the previous rule. Provides that the department of local government finance rule for the assessment of real property beginning March 1, 2002, is void to the extent that it includes a shelter allowance for residential property. Increases the standard homestead deduction from $6,000 to $25,000. Changes the formula for determining the assessed value growth quotient for civil units and for school transportation funds. Applies the homestead credit after the application of the state property tax replacement credit. Increases the property tax replacement credit for general school operating levies to 100%. Eliminates the property tax replacement credit for other property tax levies on the business personal property of a taxpayer other than a public utility company. Increases the property tax replacement credit for other property tax levies (other than a general school operating levy) on a taxpayer other than a public utility company to 39%. Provides for refunds of property taxes paid on business personal property of a taxpayer other than a public utility company. Maintains the amount of the homestead credit at 10% (instead of decreasing to 4%). Establishes a business supplemental tax. Increases sales tax rate to 6%. Increases the individual adjusted gross income tax rate to 3.6% and the corporate rate to 8.5%. Increases the cigarette tax rate to 55 cents per pack. Establishes an employer payroll expense tax. Increases the amount of the research expense tax credit from 5% to 10%, eliminates the allocation formula for the credit, and extends the expiration date of the credit. Increases the income limit on eligibility for the earned income tax credit from $12,000 to $15,000 and extends the expiration date of the credit. Eliminates chiropractic services for Medicaid children recipients under 19 years of age. Allows the office of Medicaid policy and planning (OMPP) to limit: (1) chiropractic services for adult Medicaid recipients; and (2) the amount spent, except for preventive care services, on dental services for Medicaid recipients. Authorizes OMPP to require a Medicaid recipient to select one pharmacy. Authorizes emergency filling of a 72-hour supply of a prescription at a pharmacy other than the pharmacy selected by the Medicaid recipient. Eliminates continuous eligibility for children under the children's health insurance program (CHIP) and includes financial eligibility. Excludes aged, blind, and disabled recipients in certain locations from mandatory participation in Medicaid's risk based managed care program. Eliminates chiropractic services for children under CHIP. Requires OMPP to implement measures to reduce state general fund Medicaid expenditures by $250,000,000 from July 1, 2001 through June 30, 2003. Requires OMPP to apply for a waiver to amend the state Medicaid plan to include the aged, blind, and disabled in the state's Medicaid managed care program. Authorizes a school corporation to make certain transfers to its general fund from its capital projects fund. Adjusts the calendar year caps for tuition support. Establishes a study committee concerning Muscatatuck state developmental center residents and employees. Revises certain appropriations and authorizes transfers from certain dedicated funds to the state general fund. Repeals certain provisions related to:(1) distribution of adjusted gross income tax revenues, (2) supplemental net income tax, and (3) bank tax, production credit association tax, and savings and loan association tax.
Current Status:
 In Conference Committee
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