Indiana Senate Bill 346 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 8 2015 - 25% progression, died in committee
Action: 2015-01-08 - First Reading: referred to Committee on Tax & Fiscal Policy
Pending: Senate Tax and Fiscal Policy Committee
Text: Latest bill text (Introduced) [PDF]

Expenditure and transfer of CEDIT funds. Provides that the executive of a county or municipality may not transfer money that has been deposited in the county or municipal economic development income tax fund unless the transfer is approved by resolution or ordinance of the county or municipal fiscal body. Specifies that county economic development income tax (CEDIT) revenue may not be expended for a purpose listed in a capital improvement plan or for any other purpose unless the county or municipal fiscal body has appropriated the money for the specific expenditure or the specific capital improvement as a separate line

Expenditure and transfer of CEDIT funds. Provides that the executive of a county or municipality may not transfer money that has been deposited in the county or municipal economic development income tax fund unless the transfer is approved by resolution or ordinance of the county or municipal fiscal body. Specifies that county economic development income tax (CEDIT) revenue may not be expended for a purpose listed in a capital improvement plan or for any other purpose unless the county or municipal fiscal body has appropriated the money for the specific expenditure or the specific capital improvement as a separate line

Sen. Elizabeth Brown [R]

Date	Chamber	Action
2015-01-08	Senate	First Reading: referred to Committee on Tax & Fiscal Policy
2015-01-08	Senate	Authored by Senator Brown L

Type	Source
Summary	https://iga.in.gov/legislative/2015/bills/senate/346/details
Text	http://iga.in.gov/static-documents/6/9/0/3/6903f6a3/SB0346.01.INTR.pdf