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Senate Bill 338

Introduced Senate Bill (S)

DIGEST

Local transportation funding. Transfers up to $250 million of the state's excess reserves in 2017 to the local road improvement incentive fund (fund) established to provide funding to counties that adopt one of the local revenue sources authorized by this bill for purposes of local road, street, or bridge improvements, or road safety expenditures. Provides that the Indiana department of transportation (department) administers the fund. Provides that the department shall distribute an amount from the fund to each county that has adopted one of the revenue sources authorized by this bill (or counties that have adopted a wheel tax and Local transportation funding. Transfers up to $250 million of the state's excess reserves in 2017 to the local road improvement incentive fund (fund) established to provide funding to counties that adopt one of the local revenue sources authorized by this bill for purposes of local road, street, or bridge improvements, or road safety expenditures. Provides that the Indiana department of transportation (department) administers the fund. Provides that the department shall distribute an amount from the fund to each county that has adopted one of the revenue sources authorized by this bill (or counties that have adopted a wheel tax and the county motor vehicle excise surtax under current law). Provides that a county is entitled to only one distribution from the fund. Provides that the amount of the distribution to a county is based on the county's percentage allocation of the amount set aside from the motor vehicle highway account fund for all counties in the preceding calender year. Appropriates money in the fund. Provides that money in the fund at the end of the 2019-2020 state fiscal year shall revert to the state general fund. Requires the budget agency, before May 1, 2016, to make supplemental distributions from a county's adjusted gross income tax trust account, county option income tax trust account, or county economic development income tax trust account equal to 50% of the amount of the balance in the county trust account on December 31, 2014, as determined by the budget agency. Provides that the allocation of a county's supplemental distribution shall be made in the same manner as the allocation of certified distributions. Provides that money received from the supplemental distribution made before May 1, 2016, must be used as follows: (1) In the case of a county, the county may use the money for any purpose for which money from the local road and street account may be used. (2) In the case of a civil unit that is not a county, the civil unit must deposit the money in the civil unit's rainy day fund. Amends the definition of "public safety" under the county adjusted gross income tax, the county option income tax, and the local income tax (effective January 1, 2017) to allow the revenue allocation for public safety to be used for road safety expenditures, including road, street, and bridge repairs and improvement. Eliminates the requirement that a county that chooses to adopt a county motor vehicle excise surtax or a county wheel tax must concurrently adopt the other tax. Increases the maximum amount of the county motor vehicle excise surtax that may be imposed by a county from $25 to $40. Increases the maximum county wheel tax rate that may be imposed by a county from $40 to $55. Authorizes a county to impose a county motor vehicle fuel tax at a rate of $0.01 or $0.02 per gallon of: (1) gasoline; and (2) special fuel used in the operation of a motor vehicle. Provides that revenue from the tax must be used by the county for maintenance, repair, or improvement of: (1) county highways; or (2) bridges on county highways. Allows the issuance of bonds payable from county motor vehicle fuel tax funds. Authorizes the fiscal body of a county to adopt a resolution to place a county roads and bridges referendum tax levy on the ballot. Provides that, if a majority of individuals who voted in the referendum voted in favor of the referendum, then the county is authorized to impose a levy not greater than the amount approved in the referendum. Provides that the county's referendum tax levy may not be considered in determining any other property tax levy imposed by the county. Provides that money received from the tax levy may be used by the county for the following purposes after an appropriation by the fiscal body: (1) Carrying out any purpose for which money distributed to the county from the motor vehicle highway account fund may be used. (2) Carrying out any purpose for which money distributed to the county from the local road and street account may be used. ... View more