Additional rate for county jail facilities; fund; use of additional
revenue
Sec. 24. (a) This section applies to a county having a population
of more than thirty-nine thousand (39,000) but less than thirty-nine
thousand six hundred (39,600).
(b) In addition to the rates permitted by section 5 of this chapter,
the county council may impose the county economic development
income tax at a rate of twenty-five hundredths percent (0.25%) on
the adjusted gross income of county taxpayers if the county council
makes the finding and determination set forth in subsection (c).
(c) In order to impose the county economic development income
tax as provided in this section, the county council must adopt an
ordinance finding and determining that revenues from the county
economic development income tax are needed to pay the costs of
financing, constructing, acquiring, renovating, and equipping a
county jail including the repayment of bonds issued, or leases
entered into, for constructing, acquiring, renovating, and equipping
a county jail.
(d) If the county council makes a determination under subsection
(c), the county council may adopt a tax rate under subsection (b). The
tax rate may not be imposed at a rate or for a time greater than is
necessary to pay the costs of financing, constructing, acquiring,
renovating, and equipping a county jail.
(e) The county treasurer shall establish a county jail revenue fund
to be used only for the purposes described in this section. County
economic development income tax revenues derived from the tax rate
imposed under this section shall be deposited in the county jail
revenue fund before making a certified distribution under section 11
of this chapter.
(f) County economic development income tax revenues derived
from the tax rate imposed under this section:
(1) may only be used for the purposes described in this section;
(2) may not be considered by the department of local
government finance in determining the county's maximum
permissible property tax levy limit under IC 6-1.1-18.5; and
(3) may be pledged to the repayment of bonds issued, or leases
entered into, for the purposes described in subsection (c).
As added by P.L.178-2002, SEC.71.
Last modified: May 28, 2006