House Bill 1402
DIGEST OF HB 1402 (Updated January 25, 2006 9:07 pm - DI 92)
Scott County option income tax for jail. Provides additional county option income tax revenue in Scott County to fund the financing, construction, acquisition, improvement, renovation, or equipping of jail facilities. Provides that the county fiscal body may increase the county option income tax rate up to an additional 0.25% of adjusted gross income of county taxpayers. Provides that county adjusted gross income tax (CAGIT) revenue in Elkhart and Marshall counties may also be used to operate and maintain jail facilities, juvenile court, detention, and probation facilities, other criminal justice facilities, and related buildings and parking facilities (in addition to the financing, construction, acquisition, renovation, and equipment of those facilities permitted under existing law). Allows Jasper County to adopt up to an additional 0.25% CAGIT. Provides that additional CAGIT revenue for Jasper County may only be used for operating and maintaining jail facilities, juvenile court, detention, and probation facilities, other criminal justice facilities, and related buildings and parking facilities. Permits an additional county economic development tax rate imposed to grant a property tax credit to mitigate the increase in property taxes resulting from the statewide deduction of inventory in the county to be applied, at the discretion of the adopting entity, to all residential property in the county. Extends the period in 2006 in which an ordinance can be adopted. Postpones the termination of the Nashville food and beverage tax from January 1, 2007, to January 1, 2017. Deletes the December 31, 2010, deadline for initiating projects under the Martinsville food and beverage tax.
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