DIGEST OF INTRODUCED BILL
LOIT for early childhood education. Provides that a referendum may be held in a county on whether to authorize the county council to impose an early childhood education income tax. Specifies that such a referendum may be initiated by the county council or by a petition filed by voters. Provides that if such a referendum is approved, the county council may impose an early childhood education income tax of not more than 1% on the adjusted gross income of resident county taxpayers. Requires a county's certified distribution of early childhood education income tax revenue (as determined by the budget agency) to be distributed monthly to the county treasurer for deposit in a dedicated fund. Specifies that, subject to appropriation by the county council, the tax revenue may be used only for one or more of the following purposes: (1) To pay for the acquisition or construction of a facility that is or will be used for early childhood education. (2) To pay for the operation or maintenance expenses of a facility that is used for early childhood education. (3) To pay the salaries of teachers that provide instruction for early childhood education. (4) To pay for instructional materials and educational technology that are used for early childhood education. (5) To make grants to any school, school corporation, or other entity for any of these purposes.