HB 1478-9_ Filed 04/09/2007, 14:10 Broden

SENATE MOTION


MADAM PRESIDENT:

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

SOURCE: Page 95, line 21; (07)MO147812.95. -->     Page 95, line 21, delete "five-hundredths" and insert " one-tenth".
    Page 95, line 21, delete "(0.05%)." and insert " (0.1%).".
    Page 95, delete lines 29 through 38, begin a new paragraph and insert:
    " (f) The county auditor shall distribute the portion of the certified distribution that is attributable to a tax rate under this section to the county and to each municipality and township in the county. The amount that shall be distributed to the county, municipality, or township is equal to the result of:
        (1) the portion of the certified distribution that is attributable to a tax rate under this section; multiplied by
        (2) a fraction equal to:
            (A) the attributed allocation amount (as defined in IC 6-3.5-1.1-15) of the county, municipality, or township for the calendar year; divided by
            (B) the sum of the attributed allocation amounts of the county and each municipality and township in the county for the calendar year.
The county auditor shall make the distributions required by this subsection not more than thirty (30) days after receiving the portion of the certified distribution that is attributable to a tax rate under this section. Tax revenue distributed to a county, municipality, or township under this subsection must be deposited into a separate account or fund and may be appropriated by the county, municipality, or township only for public safety purposes.
".
    Page 118, line 25, delete "five-hundredths" and insert " one-tenth".
    Page 118, line 25, delete "(0.05%)." and insert " (0.1%).".
    Page 118, delete lines 33 through 42, begin a new paragraph and insert:
    " (f) The county auditor shall distribute the portion of the certified distribution that is attributable to a tax rate under this

section to the county and to each municipality and township in the county. The amount that shall be distributed to the county, municipality, or township is equal to the result of:
        (1) the portion of the certified distribution that is attributable to a tax rate under this section; multiplied by
        (2) a fraction equal to:
            (A) the total property taxes being collected in the county by the county, municipality, or township for the calendar year; divided by
            (B) the sum of the total property taxes being collected in the county by the county and each municipality and township in the county for the calendar year.
The county auditor shall make the distributions required by this subsection not more than thirty (30) days after receiving the portion of the certified distribution that is attributable to a tax rate under this section. Tax revenue distributed to a county, municipality, or township under this subsection must be deposited into a separate account or fund and may be appropriated by the county, municipality, or township only for public safety purposes.
".
    (Reference is to EHB 1478 as printed April 6, 2007.)

________________________________________

Senator BRODEN


MO147812/DI 73
2007