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Bill Title: Industrial rail service fund. Increases the amount of state gross and retail and use taxes deposited into the industrial rail service fund (IRSF) from 0.029% to 0.099% of the taxes collected each year. Authorizes the Indiana department of transportation to make grants from the IRSF to reimburse a Class II or a Class III railroad for public safety expenditures. Provides that a grant from the IRSF to a Class II or a Class III railroad for the rehabilitation of railroad infrastructure or railroad construction may not exceed 20% of the gross sales and use tax receipts deposited in the IRSF

Spectrum: Slight Partisan Bill (Democrat 2-1)

Status: (Introduced - Dead) 2015-02-05 - Representative Wesco added as coauthor [HB1385 Detail]

Download: Indiana-2015-HB1385-Introduced.pdf

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