IN SB0432 | 2015 | Regular Session

Status

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 12 2015 - 25% progression
Action: 2015-01-12 - First Reading: referred to Committee on Appropriations
Pending: Senate Appropriations Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Distribution of taxes based on tax levies. Provides that after 2015 if a distribution of excise taxes or local option income taxes to a taxing unit is based on the amount of a taxing unit's property tax levy, the calculation of the distribution is to be based on the amount of the taxing unit's property tax levy after subtracting any circuit breaker property tax credits that are provided to taxpayers of the taxing unit for property located in the taxing unit.

Tracking Information

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Title

Distribution of taxes based on tax levies. Provides that after 2015 if a distribution of excise taxes or local option income taxes to a taxing unit is based on the amount of a taxing unit's property tax levy, the calculation of the distribution is to be based on the amount of the taxing unit's property tax levy after subtracting any circuit breaker property tax credits that are provided to taxpayers of the taxing unit for property located in the taxing unit.

Sponsors


History

DateChamberAction
2015-01-12SenateFirst Reading: referred to Committee on Appropriations
2015-01-12SenateAuthored by Senator Niemeyer

Indiana State Sources


Bill Comments

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