HB 1503-1_ Filed 03/22/2001, 12:12
COMMITTEE REPORT
MR. PRESIDENT:
The Senate Committee on Finance, to which was referred House Bill No. 1503, has had the same under
consideration and begs leave to report the same back to the Senate with the recommendation that said bill
be AMENDED as follows:
SOURCE: Page 3, line 27; (01)AM150304.3. -->
Page 3, between lines 27 and 28, begin a new paragraph and insert:
SOURCE: IC 6-3.5-1.1-2.5; (01)AM150304.2. -->
"SECTION 2. IC 6-3.5-1.1-2.5 IS AMENDED TO READ AS
FOLLOWS [EFFECTIVE JULY 1, 2001]: Sec. 2.5. (a) This section
applies only to a county having a population of more than thirty-seven
thousand (37,000) but less than thirty-seven thousand eight hundred
(37,800).
(b) The county council of a county described in subsection (a) may,
by ordinance, determine that additional county adjusted gross income
tax revenue is needed in the county to fund the operation and
maintenance of a jail and juvenile detention center opened after July 1,
1998.
(c) Notwithstanding section 2 of this chapter, if the county council
adopts an ordinance under subsection (b), the county council may
impose the county adjusted gross income tax at a rate of one and
one-tenth percent (1.1%) on adjusted gross income. However, a county
may impose the county adjusted gross income tax at a rate of one and
one-tenth percent (1.1%) for only
four (4) eight (8) years. After the
county has imposed the county adjusted gross income tax at a rate of
one and one-tenth percent (1.1%) for
four (4) eight (8) years, the rate
is reduced to one percent (1%). If the county council imposes the
county adjusted gross income tax at a rate of one and one-tenth percent
(1.1%), the county council may decrease the rate or rescind the tax in
the manner provided under this chapter.
(d) If a county imposes the county adjusted gross income tax at a
rate of one and one-tenth percent (1.1%) under this section, the revenue
derived from a tax rate of one-tenth percent (0.1%) on adjusted gross
income:
(1) shall be paid to the county treasurer;
(2) may be used only to pay the costs of operating a jail and
juvenile detention center opened after July 1, 1998; and
(3) may not be considered by the state board of tax commissioners
in determining the county's maximum permissible property tax
levy limit under IC 6-1.1-18.5.".
SOURCE: Page 6, line 2; (01)AM150304.6. -->
Page 6, line 2, delete "pre-approved" and insert "
preapproved".
Renumber all SECTIONS consecutively.
(Reference is to HB 1503 as printed February 22, 2001.)
and when so amended that said bill do pass .
Committee Vote: Yeas 12, Nays 0.
____________________________________
Senator Borst, Chairperson
AM 150304/DI 44 2001