PREVAILED Roll Call No. _______
FAILED Ayes _______
WITHDRAWN Noes _______
RULED OUT OF ORDER
[
HOUSE MOTION ____
]
MR. SPEAKER:
I move that House Bill 1729 be amended to read as follows:
SOURCE: Page 52, line 17; (01)MO172914.52. -->
Page 52, between lines 17 and 18, begin a new paragraph and
insert:
SOURCE: IC 4-30-17-3.5; (01)MO172914.67. -->
"SECTION 67. IC
4-30-17-3.5
IS AMENDED TO READ AS
FOLLOWS [EFFECTIVE JULY 1, 2001]: Sec. 3.5. (a) Two (2)
segregated accounts shall be established within the build Indiana fund
as follows:
(1) The state and local capital projects account.
(2) The lottery and gaming surplus account.
(b) Upon receiving surplus lottery revenue distributions from the
state lottery commission and surplus gaming revenue distributions
from the state gaming commission, the treasurer of state shall credit
the surplus lottery revenue and surplus gaming revenue to the lottery
and gaming surplus account. All money remaining in the lottery and
gaming surplus account after the transfer transfers required by
subsection subsections (c) and (e) shall be transferred to the state and
local capital projects account.
(c) Before the twenty-fifth day of the month, the auditor of state
shall transfer from the lottery and gaming surplus account to the state
general fund motor vehicle excise tax replacement account an amount
equal to the following:
(1) In calendar year 1996, eleven million six hundred twenty-five
thousand dollars ($11,625,000) per month.
(2) In calendar year 1997, twelve million nine hundred
twenty-five thousand twenty dollars ($12,925,020) per month.
(3) In calendar year 1998, fifteen million ten thousand dollars
($15,010,000) per month.
(4) In calendar year 1999, seventeen million one hundred
ninety-two thousand dollars ($17,192,000) per month.
(5) In calendar year 2000 nineteen million four hundred
thirty-five thousand two hundred ten dollars ($19,435,210) per
month.
(6) In calendar year 2001 and each year thereafter, nineteen
million six hundred eighty-four thousand three hundred seventy
dollars ($19,684,370) per month.
(d) This subsection applies only if insufficient money is available
in the lottery and gaming surplus account of the build Indiana fund to
make the distributions to the state general fund motor vehicle excise
tax replacement account that are required under subsection (c). Before
the twenty-fifth day of each month, the auditor of state shall transfer
from the state general fund to the state general fund motor vehicle
excise tax replacement account the difference between:
(1) the amount that subsection (c) requires the auditor of state to
distribute from the lottery and gaming surplus account of the
build Indiana fund to the state general fund motor vehicle excise
tax replacement account; and
(2) the amount that is available for distribution from the lottery
and gaming surplus account in the build Indiana fund to the state
general fund motor vehicle excise tax replacement account.
The transfers required under this subsection are annually appropriated
from the state general fund.
(e) Before the twenty-fifth day of each month, the auditor of
state shall, after transfers are made under subsection (c), transfer
the lesser of:
(1) eight million three hundred thirty-three thousand three
hundred dollars and thirty-three cents ($8,333,333.33); or
(2) the balance in the lottery and gaming surplus account;
from the lottery and gaming surplus account to the property tax
replacement fund established by IC 6-1.1-21.
SOURCE: IC 6-1.1-21.5-10.5; (01)MO172914.68. -->
SECTION 68. IC 6-1.1-21.5-10.5 IS ADDED TO THE INDIANA
CODE AS A
NEW SECTION TO READ AS FOLLOWS
[EFFECTIVE JULY 1, 2001]:
Sec. 10.5. Beginning with property
taxes first due and payable in 2003, the property tax replacement
fund board shall each year use the amounts transferred from the
lottery and gaming surplus account to the property tax
replacement fund under IC 4-30-17-3.5(e) to increase the
percentage of the property tax replacement credit provided to
taxpayers under this chapter. The board shall determine the
amount of the increase in the credit percentage that may be
provided from the amounts transferred to the fund under
IC 4-30-17-3.5(e).".
(Reference is to HB 1729 as printed January 22, 2001.)
________________________________________
MO172914/DI 73 2001