House Bill 1303
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DIGEST OF INTRODUCED BILL
Nonresident income tax for Gary. Authorizes the Gary city council to impose a municipal employment opportunity tax upon nonresident individuals who work in Gary. Provides that the tax may not exceed 1% of the individual's adjusted gross income derived from the covered individual's principal place of business or employment. Provides that the tax revenue must be used for infrastructure repair and improvements or public safety expenditures, or both. Permits the tax revenue to be pledged to repay bonds or lease rentals related to infrastructure or public safety. Permits the municipal employment opportunity tax to be used to pay outstanding indebtedness if the city of Gary fails to make required payments. Permits the state to intercept the taxes for noncompliance with certain data requirements.
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| ||In Committee - first House|