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DIGEST OF INTRODUCED BILL
Local income tax reports. Requires the budget agency to submit a monthly report to each county auditor indicating: (1) the balances in the county's adjusted gross income tax (CAGIT) account, county option income tax (COIT) account, and county economic development income tax (CEDIT) account during the previous month; (2) the amount of revenue deposited in and distributed from those accounts during the previous month; and (3) the income earned during the previous month on money held in those accounts. Requires the budget agency to submit a quarterly report to each county auditor indicating the amount of CAGIT, COIT, and CEDIT tax withholdings attributable to the county, as reported to the department of state revenue during the previous quarter.