Skip to main content
CivicGate

HB 1080 IN

Local income taxes.

IN · session 2021 · Assembly / House · bill

A state bill is a proposed law in a state legislature — separate from the U.S. Congress. Learn more →

Introduced Jan 4, 2021

Latest action (Jan 4, 2021) First reading: referred to Committee on Ways and Means

Summary

Phases in a new distribution formula for certain local income tax (LIT) revenue using a weighted combination of property tax levies and residential assessed value for taxing units receiving this LIT revenue. Phases in the weights over five years beginning in 2023. Amends provisions that provide for a distribution of LIT revenue to schools in counties that imposed a rate under the prior county adjusted gross income tax (CAGIT) before its repeal to apply to all schools in counties that impose a LIT under current law regardless of whether the county imposed a rate under the prior CAGIT.

Sponsor (1)

Action history (2)
  1. Jan 4, 2021 Authored by Representative Thompson · lower
  2. Jan 4, 2021 First reading: referred to Committee on Ways and Means · lower
Subjects
INCOME TAXES, Local Income Taxes

Text versions (1)

The published texts of this bill as it moves through the legislature. Each links to the official document on the state legislature site. Data from OpenStates.

  • Introduced House Bill (H) · Dec 30, 2020 · PDF

Full text

The full text hasn’t been imported yet. CivicGate fetches it from the state legislature’s published version documents — check now.

Comments

Comments

Loading comments…

Data from OpenStates. View on OpenStates →