Bill Title: Allocation of circuit breaker credits by schools. Extends the authority for certain school corporations to allocate circuit breaker credits proportionately (without taking protected taxes into account) through 2019. (Under current law, this authority extends only through 2018.) Provides that a school corporation may not allocate circuit breaker credits proportionately if: (1) the school corporation issued new debt in 2017, 2018, or 2019; and (2) the school corporation's debt service levy in 2018 or 2019 is greater than its 2016 debt service levy, and the school corporation's debt service tax rate in 2018 or 2019 is greater than its 2016 debt

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2017-01-04 - First reading: referred to Committee on Ways and Means [HB1042 Detail]

Text: Latest bill text (Introduced) [PDF]

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