HB 1478-5_ Filed 04/09/2007, 14:06 Broden
SENATE MOTION
MADAM PRESIDENT:
I move
that Engrossed House Bill 1478 be amended to read as follows:
SOURCE: Page 95, line 21; (07)MO147816.95. -->
Page 95, line 21, delete "five-hundredths" and insert "
five-tenths".
Page 95, line 21, delete "(0.05%)." and insert "
(0.5%).".
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 "
five-tenths".
Page 118, line 25, delete "(0.05%)." and insert "
(0.5%).".
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