Introduced Version






HOUSE BILL No. 1393

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DIGEST OF INTRODUCED BILL



Citations Affected: IC 36-8-14 .

Synopsis: Cumulative building and equipment funds. Allows any local government unit or fire protection district to use its cumulative building and equipment fund for the purchase of radio equipment. (Current law allows municipalities to use the fund to purchase police radio equipment.) Provides that the cumulative building and equipment fund tax rate may not exceed $0.05 on each $100 of assessed value. (Current law limits the rate at $0.0333.) Makes conforming changes.

Effective: July 1, 2003.





Bischoff




    January 14, 2003, read first time and referred to Committee on Local Government.







Introduced

First Regular Session 113th General Assembly (2003)


PRINTING CODE. Amendments: Whenever an existing statute (or a section of the Indiana Constitution) is being amended, the text of the existing provision will appear in this style type, additions will appear in this style type, and deletions will appear in this style type.
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HOUSE BILL No. 1393



    A BILL FOR AN ACT to amend the Indiana Code concerning taxation.

Be it enacted by the General Assembly of the State of Indiana:

SOURCE: IC 36-8-14-2; (03)IN1393.1.1. -->     SECTION 1. IC 36-8-14-2 , AS AMENDED BY P.L.140-2002, SECTION 2, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2003]: Sec. 2. (a) As used in this section, "emergency medical services" has the meaning set forth in IC 16-18-2-110.
    (b) As used in this section, "volunteer fire department" has the meaning set forth in IC 36-8-12-2.
    (c) The legislative body of a unit or the board of fire trustees of a fire protection district may provide a cumulative building and equipment fund under IC 6-1.1-41 for the following purposes:
        (1) The:
            (A) purchase, construction, renovation, or addition to buildings; or
            (B) purchase of land;
        used by the fire department or a volunteer fire department serving the unit.
        (2) The purchase of firefighting equipment for use of the fire department or a volunteer fire department serving the unit,

including making the required payments under a lease rental with option to purchase agreement made to acquire the equipment.
        (3) In a municipality, The purchase of police radio equipment.
        (4) The:
            (A) purchase, construction, renovation, or addition to a building;
            (B) purchase of land; or
            (C) purchase of equipment;
        for use of a provider of emergency medical services under IC 16-31-5 to the unit establishing the fund.
    (d) In addition to the requirements of IC 6-1.1-41 , before a cumulative fund may be established by a township fire protection district, the county legislative body which appoints the trustees of the fire protection district must approve the establishment of the fund.

SOURCE: IC 36-8-14-4; (03)IN1393.1.2. -->     SECTION 2. IC 36-8-14-4 IS AMENDED TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2003]: Sec. 4. (a) To provide for the cumulative building and equipment fund established under this chapter, the legislative body may levy a tax on all taxable property within the taxing district in compliance with IC 6-1.1-41. The tax rate may not exceed three and thirty-three hundredths five cents ($0.0333) ($0.05) on each one hundred dollars ($100) of assessed valuation of property in the taxing district.
    (b) As the tax is collected, it shall be deposited in a qualified public depository or depositories and held in a special fund to be known as the "building or remodeling, firefighting, and police radio equipment fund". in the case of a municipality or as the "building or remodeling and fire equipment fund" in the case of a township or fire protection district.
SOURCE: ; (03)IN1393.1.3. -->     SECTION 3. [EFFECTIVE JULY 1, 2003] IC 36-8-14-4 , as amended by this act, applies to property taxes first due and payable after December 31, 2003.