SB 60-1_ Filed 02/25/2002, 07:52 Buell


Text Box


    PREVAILED      Roll Call No. _______
    FAILED        Ayes _______
    WITHDRAWN        Noes _______
    RULED OUT OF ORDER


[

HOUSE MOTION ____

]

MR. SPEAKER:

    I move that Engrossed Senate Bill 60 be amended to read as follows:

SOURCE: Page 10, line 36; (02)MO006001.10. -->     Page 10, after line 36, begin a new paragraph and insert:
    " Sec. 17. (a) The ad valorem property tax levy limits imposed by IC 6-1.1-18.5 do not apply to ad valorem property taxes imposed by a civil taxing unit for a calendar year to pay pension benefits under section 12(c)(1) of this chapter to the extent provided in subsection (b).
    (b) For purposes of determining the property tax levy limit imposed on a civil taxing unit under IC 6-1.1-18.5, the civil taxing unit's ad valorem property tax levy for a calendar year does not include an amount equal to the amounts paid by the civil taxing unit for pension benefits in that calendar year under section 12(c)(1) of this chapter, minus:
        (1) the amount of pension relief distributions under IC 5-10.3-11-4, IC 5-10.3-11-4.5, and IC 5-10.3-11-4.7 to be received by the civil taxing unit in that calendar year that is attributable to pension benefits paid under section 12(c)(1) of this chapter for that calendar year; and
        (2) an amount equal to the percentage of the civil taxing unit's pension distributions that were relieved under IC 5-13-12-4 in the preceding calendar year, multiplied by the amount of pension benefits paid under section 12(c)(1) of this chapter in that calendar year.
".
    (Reference is to ESB 60 as printed February 22, 2002.)


________________________________________

Representative Buell


MO006001/DI 102     2002