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House Bill 1093

Introduced House Bill (H)

DIGEST

Local revenue. Provides that a city or town may impose an expenditure rate of not more than 0.5% on the adjusted gross income of residents of the city or town and certain nonresidents whose principal place of business or employment is in the city or town, if the county council of the county in which the city or town is located adopts an ordinance to reduce the maximum county income tax expenditure rate by 0.5%. Provides that a county council that has adopted an ordinance to reduce the maximum local income tax expenditure rate by 0.5% may include a provision Local revenue. Provides that a city or town may impose an expenditure rate of not more than 0.5% on the adjusted gross income of residents of the city or town and certain nonresidents whose principal place of business or employment is in the city or town, if the county council of the county in which the city or town is located adopts an ordinance to reduce the maximum county income tax expenditure rate by 0.5%. Provides that a county council that has adopted an ordinance to reduce the maximum local income tax expenditure rate by 0.5% may include a provision in the ordinance specifying the revenue generated by the first 0.5% of the local income tax expenditure rate, after the rate reduction, is to be paid directly to the county and is not shared with any other taxing unit. Provides that a city or town that imposes an expenditure rate keeps all the revenue derived from the tax and may use the revenue for any of the purposes of the city or town. Provides that the maximum property tax rates for county cumulative capital development funds, municipal cumulative capital development funds, and fire protection territory equipment replacement funds will no longer be adjusted each year to account for the change in assessed value that results from a reassessment or the annual adjustment of assessed values. Allows a city or town with a law enforcement agency that prosecutes at least one ordinance violation in a circuit or superior court of the county to collect a share of the semiannual distribution of certain court fees. (Current law requires a city or town to prosecute at least 50% of the city's or town's ordinance violations in the circuit or superior court to receive a share of the semiannual distribution of court fees.) ... View more