Bill Title: Local income tax. Updates various laws to conform them to the new local income tax (LIT) law. Adds provisions concerning Lake, LaPorte, and Porter counties concerning the northwest Indiana regional development authority. Addresses the treatment of counties that had only the county economic development income tax regarding the property tax rate for cumulative capital development funds of counties and municipalities. Specifies provisions for the transition of a formerly adopted homestead credit under a county option income tax to a property tax relief rate under the new LIT. Adds provisions concerning expenditure rate allocations. Specifies that the auditor of state is to

Spectrum: Slight Partisan Bill (Republican 3-1)

Status: (Passed) 2016-03-24 - Public Law 197 [HB1081 Detail]

Text: Latest bill text (Enrolled) [PDF]

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Sponsors

Name	Type	Sponsorship	District	Financial	Encyclopedia	Biography
Representative Jeffrey Thompson [R]	Primary	Sponsored Bills	HD-028	FollowTheMoney	Ballotpedia	VoteSmart
Senator Brandt Hershman [R]	Primary	Sponsored Bills	SD-007	FollowTheMoney	Ballotpedia	VoteSmart
Senator Pete Miller [R]	Primary	Sponsored Bills	SD-024	FollowTheMoney	Ballotpedia	VoteSmart
Senator Lonnie Randolph [D]	Primary	Sponsored Bills	SD-002	FollowTheMoney	Ballotpedia	VoteSmart

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