Bill Text: IN SB0217 | 2012 | Regular Session | Introduced
Bill Title: Local road funding and sales tax.
Sponsorship: Partisan Bill (Democrat 1)
Status: (Introduced - Dead) 2012-01-04 - First reading: referred to Committee on Tax and Fiscal Policy [SB0217 Detail]
Download: Indiana-2012-SB0217-Introduced.html
Citations Affected: IC 6-2.5-10-1; IC 8-14-2-4.5.
Synopsis: Local road funding and sales tax. Provides that 0.67% of
state sales tax revenue shall be distributed to counties, cities, and towns
(rather than the state general fund) based on the counties', cities', and
towns' proportionate share of local road and street mileage. Specifies
that amounts distributed in this manner may be used by counties, cities,
and towns for the same purposes for which money from the local road
and street account may be used.
Effective: July 1, 2012.
January 4, 2012, read first time and referred to Committee on Tax and Fiscal Policy.
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Conflict reconciliation: Text in a statute in this style type or
A BILL FOR AN ACT to amend the Indiana Code concerning
taxation.
(b) The department shall deposit those collections in the following manner:
(1) Ninety-nine and
(2) Twenty-nine thousandths of one percent (0.029%) of the collections shall be deposited into the industrial rail service fund established under IC 8-3-1.7-2.
(3) One hundred twenty-three thousandths of one percent (0.123%) of the collections shall be deposited into the commuter rail service fund established under IC 8-3-1.5-20.5.
(4) Sixty-seven hundredths of one percent (0.67%) shall be paid into the state general fund and distributed monthly to
each county and to each city or town as provided in
IC 8-14-2-4.5.
(1) the result of:
(A) the total county road mileage and city and town street mileage within the county; divided by
(B) the total county road mileage and city and town street mileage within Indiana; multiplied by
(2) the amount deposited under IC 6-2.5-10-1(b)(4) during the previous month.
(b) The auditor of state shall further determine the suballocation among a county and the cities and towns within the county as follows:
(1) The amount each city or town within the county is entitled to receive each month is equal to:
(A) the result of:
(i) the total street mileage in the county that is within the city or town; divided by
(ii) the total county road mileage and city and street mileage within the county; multiplied by
(B) the amount distributed to the county for the month under subsection (a).
(2) The amount the county is entitled to receive is equal to:
(A) the amount distributed to the county for the month under subsection (a); minus
(B) the amount distributed to cities and towns in the county under subsection (a).
(c) Amounts distributed under this section may be used by counties, cities, and towns only for the same purposes for which money from the local road and street account may be used by counties, cities, and towns under section 5 of this chapter.
