House Bill 1242
Enrolled House Bill (H)
DIGEST
State and local administration. (This proposed legislation does the following: (1) Sets forth the text of CC024205 adopted by the Senate on March 14, 2018. (2) Reconciles the text of CC024205 with the text of HEA 1374 (P.L.189-2018) in SECTION 8. (3) Reconciles the text of CC024205 with the text of the 2018 technical corrections bill (P.L.86-2018) in SECTIONS 8, 11, 12, and 13. (4) Makes a technical correction in SECTION 22. (5) Reconciles the text of CC024205 with the text of HEA 1323 (P.L.188-2018) in SECTION 27.) Provides that the lottery commission must obtain a tax clearance statement from
State and local administration. (This proposed legislation does the following: (1) Sets forth the text of CC024205 adopted by the Senate on March 14, 2018. (2) Reconciles the text of CC024205 with the text of HEA 1374 (P.L.189-2018) in SECTION 8. (3) Reconciles the text of CC024205 with the text of the 2018 technical corrections bill (P.L.86-2018) in SECTIONS 8, 11, 12, and 13. (4) Makes a technical correction in SECTION 22. (5) Reconciles the text of CC024205 with the text of HEA 1323 (P.L.188-2018) in SECTION 27.) Provides that the lottery commission must obtain a tax clearance statement from
the department of state revenue (DOR) for a retailer before the lottery commission may enter into a contract with that retailer. Repeals the riverboat admissions tax provisions scheduled to expire July 1, 2018. Reorganizes the supplemental wagering tax law. Specifies that gaming activity information shall be reported to the gaming commission daily. Provides that taxes withheld from riverboat and racino winnings are due on a monthly basis rather than the day after the winnings are paid. Changes reporting and remitting requirements of the slot machine wagering tax. Repeals the establishment of an investment product for the public employee deferred compensation plan and an alternative investment program for the annuity savings account of public employee retirement plans. Eliminates the maritime opportunity district property tax deduction for new manufacturing equipment installed in a district after June 30, 2018. Provides a sales tax exemption for certain property purchased and used by a person that manufactures hot mix asphalt at an asphalt
plant. Provides that the DOR may require that certain information be provided or updated before the issuance or renewal of a registered retail merchant's certificate. Delays until July 1, 2019, the effective date of provisions concerning the sales taxation of the renting of rooms, lodgings, and accommodations for which a facilitator accepts payment. Makes various changes to the state income tax laws, including the calculation of income tax rates when two different rates are in effect during the taxpayer's taxable year, tax due dates, refund claims, and income tax preparer requirements. Provides that the reduced tax rate for a corporation in a qualified military enhancement area applies only to a corporation that locates all or part of its operations in an area before January 1, 2019, and that the rate is equal to the lesser of 5% or the corporate tax rate that would otherwise apply. Provides that in the case of a project that includes, as part of the project, the use and repurposing of two or more buildings and structures that are: (1) at least 75 years old; and (2) located at a site at which manufacturing previously occurred over a period of at least 75 years; a pass through entity may allocate an industrial recovery tax credit among its partners, beneficiaries, or members of the pass through entity as provided by written agreement. Requires state and local employees, contractors, and subcontractors whose duties include access to confidential tax information to submit to and update background checks. Authorizes Vigo County to adopt a county food and beverage tax. Provides that the tax rate may not exceed 1%. Specifies that the revenue from the tax shall be distributed to the capital improvement board and may be used by the board only for the acquisition, construction, improvement, maintenance, or financing of the following: (1) A convention center. (2) A facility that is used or will be used principally for convention or tourism related events or the arts. (3) Wayfinding improvements. Requires the construction or improvements to be made after June 30, 2018. (4) To pay the principal and interest on bonds issued to finance one of these purposes. Specifies that the tax expires December 31, 2043. Requires each redevelopment commission to annually present certain information for the governing bodies of all taxing units that have territory within an allocation area of the redevelopment commission. Provides that the presentation shall be made at a meeting of the redevelopment commission and must include certain information. Provides that the governing body of such a taxing unit may request that a member of the redevelopment commission appear before the governing body at a public meeting of the governing body. Requires, for a territory that was annexed by a municipality after June 1, 1976, and before March 4, 1988, one-half of the property taxes attributable to property taxes imposed by the park and recreation district on property that is within the annexed territory to be transferred to the annexing municipality's parks and recreation department. Makes technical corrections.
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