Introduced House Bill (H)

DIGEST

Circuit breaker LOIT option. Authorizes an additional tax rate under the county adjusted gross income tax or the county option income tax to offset circuit breaker losses sustained by the political subdivisions in a county. Provides that the tax rate may not exceed 1%. Circuit breaker LOIT option. Authorizes an additional tax rate under the county adjusted gross income tax or the county option income tax to offset circuit breaker losses sustained by the political subdivisions in a county. Provides that the tax rate may not exceed 1%.