Comments: IN HB1417 | 2019 | Regular Session

Bill Title: Distribution of local income taxes. Phases in a new distribution formula for certain local income tax (LIT) revenue using a weighted combination of property tax levies and total residential assessed value for taxing units receiving this LIT revenue. Phases in the weights over four years beginning in 2021.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced) 2019-01-14 - First reading: referred to Committee on Ways and Means [HB1417 Detail]

Text: Latest bill text (Introduced) [PDF]

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