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House Bill 1497


House Bill 1497

ARCHIVE (2005)

Latest Information

 

DIGEST OF INTRODUCED BILL


Penal county option income tax. Allows a county to increase its county income tax rate by 0.25% to finance county penal operations. Provides that money distributed to finance county penal operations is distributed before the rest of the county's distributive shares. Requires a county penal facility that receives county option income tax revenue to maintain its current level of operational funding from the county general fund. Provides that the combined tax rate for a county that imposes a county option income tax under these provisions and a county economic development income tax may not exceed 1.25%.
Current Status:
 In Committee - first House
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