SB 17-1_ Filed 03/08/2002, 16:09
Adopted 3/14/2002
CONFERENCE COMMITTEE REPORT
DIGEST FOR ESB 17
Citations Affected:
IC 6-1.1-21.8
; IC 6-3.5.
Synopsis: Rainy day fund loans. Authorizes the state board of finance to make loans from the
rainy day fund for the taxing units located in Porter County that will experience a budget shortfall
as the result of the bankruptcy of a steel manufacturer located in the county. Provides that the
loans must be repaid over a period not to exceed ten years. Provides that interest on a loan may
not exceed the percent of increase in the federal Consumer Price Index for Urban Wage Earners
and Clerical Workers during the most recent 12 month period for which data is available as of
the date of the loan application. Provides that interest may not be charged if a county income tax
is adopted before a unit applies for a loan. Provides that interest on a loan ceases to accrue when
the board receives notice from the county auditor that the county has adopted at least one of the
county income taxes. Provides that not more than one-third of the total amount to be loaned may
be disbursed at any particular time without the review of the budget committee and the approval
of the budget agency. Provides for expedited distributions of county adjusted gross income taxes
(CAGIT) or county economic development income taxes (CEDIT) in the first year following
adoption by Porter County. Extends the deadline for imposition of CAGIT, CEDIT, or county
option income in Porter County during 2002 from April 1 to May 15. (This conference committee
report: (1) revises the language concerning the period for computation of the 12 month CPI
average used to determine the maximum interest rate on loans; (2) deletes provisions that would
permit local option income taxes adopted in Porter County to take effect on May 1 instead of July
1; (3) revises the procedures for expedited distributions of CAGIT and CEDIT in Porter County;
and (4) adds the provision that extends the 2002 deadline for imposition of local option taxes in
Porter County.)
Effective: Upon passage.
Text Box
Adopted Rejected
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CONFERENCE COMMITTEE REPORT
MR. SPEAKER:
Your Conference Committee appointed to confer with a like committee from the Senate
upon Engrossed House Amendments to Engrossed Senate Bill No. 17 respectfully reports that
said two committees have conferred and agreed as follows to wit:
that the Senate recede from its dissent from all House amendments and that
the Senate now concur in all House amendments to the bill and that the bill
be further amended as follows:
SOURCE: Page 2, line 11; (02)CC001701.2. -->
Page 2, line 11, after "during the" insert " most recent".
Page 2, line 11, delete "months preceding" and insert " month period
for which data is available as of".
Page 4, delete lines 29 through 42.
Delete page 5.
Page 6, delete lines 1 through 2.
Page 6, delete lines 10 through 20, begin a new paragraph and insert:
" (b) This subsection applies to a county having a population of
more than one hundred forty-five thousand (145,000) but less than
one hundred forty-eight thousand (148,000). Notwithstanding
section 9 of this chapter, the initial certified distribution certified
for a county under section 9 of this chapter shall be distributed to
the county treasurer from the account established for the county
under section 8 of this chapter according to the following schedule
during the eighteen (18) month period beginning on July 1 of the
year in which the county initially adopts an ordinance under
section 2 of this chapter:
(1) One-fourth (1/4) on October 1 of the year in which the
ordinance was adopted.
(2) One-fourth (1/4) on January 1 of the calendar year
following the year in which the ordinance was adopted.
(3) One-fourth (1/4) on May 1 of the calendar year following
the year in which the ordinance was adopted.
(4) One-fourth (1/4) on November 1 of the calendar year
following the year in which the ordinance was adopted.
Notwithstanding section 11 of this chapter, the part of the certified
distribution received under subdivision (1) that would otherwise be
allocated to a civil taxing unit or school corporation as property
tax replacement credits under section 11 of this chapter shall be set
aside and treated for the calendar year when received by the civil
taxing unit or school corporation as a levy excess subject to
IC 6-1.1-18.5-17
or
IC 6-1.1-19-1.7.
Certified distributions made to
the county treasurer for calendar years following the eighteen (18)
month period described in this subsection shall be made as
provided in subsection (a).".
Page 6, line 32, delete "The" and insert " Except as provided by
subsection (b), the".
Page 6, delete lines 38 through 42.
Delete pages 7 through 10.
Page 11, delete lines 1 through 13.
Page 11, delete lines 21 through 31, begin a new paragraph and
insert:
" (b) This subsection applies to a county having a population of
more than one hundred forty-five thousand (145,000) but less than
one hundred forty-eight thousand (148,000). Notwithstanding
section 11 of this chapter, the initial certified distribution certified
for a county under section 11 of this chapter shall be distributed to
the county treasurer from the account established for the county
under section 10 of this chapter according to the following schedule
during the eighteen (18) month period beginning on July 1 of the
year in which the county initially adopts an ordinance under
section 2 of this chapter:
(1) One-fourth (1/4) on October 1 of the year in which the
ordinance was adopted.
(2) One-fourth (1/4) on January 1 of the calendar year
following the year in which the ordinance was adopted.
(3) One-fourth (1/4) on May 1 of the calendar year following
the year in which the ordinance was adopted.
(4) One-fourth (1/4) on November 1 of the calendar year
following the year in which the ordinance was adopted.
The county auditor and county treasurer shall distribute amounts
received under this subsection to a county and each city or town in
the county in the same proportions as are set forth in section 12 of
this chapter. Certified distributions made to the county treasurer
for calendar years following the eighteen (18) month period
described in this subsection shall be made as provided in subsection
(a).".
Page 11, between lines 34 and 35, begin a new paragraph and insert:
SOURCE: ; (02)CC001701.4. -->
"SECTION 4. [EFFECTIVE UPON PASSAGE]
(a) This SECTION
applies to a county having a population of more than one hundred
forty-five thousand (145,000) but less than one hundred forty-eight
thousand (148,000).
(b) Notwithstanding
IC 6-3.5-1.1-2
,
IC 6-3.5-6-8
, and
IC 6-3.5-7-5
, an ordinance to impose the county adjusted gross
income tax, the county option income tax, or the county economic
development income tax in the county may be adopted before May
16, 2002.
(c) This SECTION expires December 31, 2002.".
Renumber all SECTIONS consecutively.
(Reference is to ESB 17 as reprinted February 26, 2002.)
Conference Committee Report
on
Engrossed Senate Bill 17
Text Box
S
igned by:
____________________________ ____________________________
Senator LandskeRepresentative Cheney
Chairperson
____________________________ ____________________________
Senator AntichRepresentative Ayres
Senate Conferees House Conferees