SB 353-1_ Filed 01/30/2012, 09:32 Skinner
that Senate Bill 353 be amended to read as follows:
SOURCE: Page 7, line 35; (12)MO035301.7. -->
Page 7, between lines 35 and 36, begin a new paragraph and insert
SOURCE: IC 8-14-2-4.5; (12)MO035301.7. -->
"SECTION 7. IC 8-14-2-4.5 IS ADDED TO THE INDIANA CODE
AS A NEW
SECTION TO READ AS FOLLOWS [EFFECTIVE JULY
1, 2012]: Sec. 4.5. (a) The auditor of state shall distribute to
counties part of the amount of state gross retail taxes deposited in
the state general fund under IC 6-2.5-10-1 during the previous
quarter. The amount of gross retail taxes to be distributed under
this section is based on the increased part, if any, of the state gross
retail tax collections under IC 6-2.5-7 on gasoline and special fuel
sold during the previous calendar quarter as determined by the
department of state revenue. The increased part shall be computed
by the department separately for gasoline and special fuel as
STEP ONE: Determine, for the previous calendar quarter, the
difference, if any, between:
(A) the most recent statewide average retail price per
gallon determined by the department under IC 6-2.5-7;
(B) three dollars ($3) per gallon;
including in both determinations the Indiana and federal
gasoline taxes or the Indiana and federal special fuel taxes (as
appropriate) and the Indiana gross retail and use tax.
STEP TWO: Multiply the STEP ONE result by the number of
gallons sold during the most recent calendar quarter.
STEP THREE: Multiply the STEP TWO result by seven
(b) The department shall combine the amounts calculated under
subsection (a) for gasoline and special fuel and notify the auditor
of state of the combined amount before the twentieth day of the
month immediately following the end of the calendar quarter.
(c) The amount each county is entitled to receive (to be
suballocated to the county and to each city and town in the county)
is equal to:
(1) the total county road mileage and city and town street
mileage within the county; divided by
(2) the total county road mileage and city and town street
mileage within Indiana.
(d) The auditor of state shall further determine the
suballocation between a county and the cities and towns within the
county as follows:
(1) The amount each city or town within the county is entitled
to receive each month is equal to:
(A) the result of:
(i) the total street mileage in the county that is within the
city or town; divided by
(ii) the total county road mileage and city and town
street mileage within the county; multiplied by
(B) the amount distributed to the county under subsection
(2) The amount the county is entitled to receive is equal to:
(A) the amount distributed to the county under subsection
(B) the amount distributed to cities and towns in the
county under subdivision (1).
(e) Before the end of the month in which the auditor of state
receives a notice from the department under subsection (b), the
auditor of state shall make a distribution to each county as
provided in subsection (c).
(f) Amounts distributed under this section may be used by
counties, cities, and towns only for the same purposes for which
money from the local road and street account may be used by
counties, cities, and towns under section 5 of this chapter.".
Renumber all SECTIONS consecutively.
(Reference is to SB 353 as printed January 27, 2012.)
MO035301/DI 58 2012