HB 1478-22_ Filed 04/10/2007, 10:50 Simpson

SENATE MOTION


MADAM PRESIDENT:

    I move that Senate Bill 1478 be amended to read as follows:

SOURCE: Page 85, line 30; (07)MO147824.85. -->     Page 85, delete lines 30 through 41, begin a new paragraph and insert:
    " (h) This subsection applies in the year in which a county initially imposes a tax rate under section 24 of this chapter and in the year following the year in which a county initially imposes a tax rate under section 24 of this chapter. Notwithstanding any other provision, in each of the two (2) years to which this subsection applies the department shall adjust the part of the county's certified distribution that is attributable to the tax rate under section 24 of this chapter to provide for a distribution in the immediately following calendar year equal to the following:
        (1) The sum of the amounts determined under STEP ONE through STEP FOUR of IC 6-3.5-1.5-1(a) in the year in which the county initially imposes a tax rate under section 24 of this chapter, multiplied by one and five-tenths (1.5), for distribution in the year following the year in which a county initially imposes a tax rate under section 24 of this chapter.
        (2) The IC 6-3.5-1.5-1(b) amount multiplied by one and five-tenths (1.5), for distribution in the second year following the year in which a county initially imposes a tax rate under section 24 of this chapter.
".
    Page 91, line 12, delete "two (2)." and insert " one and five-tenths (1.5).".
    Page 91, delete lines 13 through 18, begin a new line block indented and insert:
        " (3) The tax rate that must be imposed in the county from October 1 of the following year through September 30 of the year after the following year is equal to the result of:
            (A) the tax rate
determined for the county under IC 6-3.5-1.5-1(b); multiplied by
            (B) one and five-tenths (1.5).
        (4) The tax rate in the year following the year described in

subdivision (2) is the tax rate determined for the county under IC 6-3.5-1.5-1(a). This tax rate continues in effect in later years unless the tax rate is increased under this section.".
    Page 91, line 19, delete "(4)" and insert " (5)".
    Page 93, line 25, delete "the year" and insert " each of the first two (2) years".
    Page 93, line 26, delete "one-half (1/2)" and insert " one-third (1/3)".
    Page 107, delete lines 34 through 42, begin a new paragraph and insert:
    " (f) This subsection applies in the year a county initially imposes a tax rate under section 30 of this chapter and in the year following the year in which a county initially imposes a tax rate under section 30 of this chapter. Notwithstanding any other provision, in each of the two (2) years to which this subsection applies the department shall adjust the part of the county's certified distribution that is attributable to the tax rate under section 30 of this chapter to provide for a distribution in the immediately following calendar year equal to the following:
        (1) The sum of the amounts determined under STEP ONE through STEP FOUR of IC 6-3.5-1.5-1(a) in the year in which the county initially imposes a tax rate under section 30 of this chapter, multiplied by one and five-tenths (1.5), for distribution in the year following the year in which a county initially imposes a tax rate under section 30 of this chapter.
        (2) The IC 6-3.5-1.5-1(b) amount multiplied by one and five-tenths (1.5), for distribution in the second year following the year in which a county initially imposes a tax rate under section 30 of this chapter.
".
    Page 108, delete lines 1 through 2.
    Page 114, line 25, delete "two (2)." and insert " one and five-tenths (1.5).".
    Page 114, delete lines 26 through 31, begin a new line block indented and insert:
        " (3) The tax rate that must be imposed in the county from October 1 of the following year through September 30 of the year after the following year is equal to the result of:
            (A) the tax rate
determined for the county under IC 6-3.5-1.5-1(b); multiplied by
            (B) one and five-tenths (1.5).
        (4) The tax rate in the year following the year described in subdivision (2) is the tax rate determined for the county under IC 6-3.5-1.5-1(a). This tax rate continues in effect in later years unless the tax rate is increased under this section.
".
    Page 114, line 32, delete "(4)" and insert " (5)".
    Page 116, line 29, delete "the year" and insert " each of the first two (2) years".
    Page 116, line 30, delete "one-half (1/2)" and insert " one-third (1/3)".
    (Reference is to EHB 1478 as printed April 6, 2007.)



________________________________________

Senator SIMPSON


DS 147808/DI jr
2007