Note: This version of section effective until 7-1-2027. See also following version of this section, effective 7-1-2027. Sec. 28. (a) This section applies to Grant County and only if the local income tax council repeals provisions of its local income tax ordinance providing that under IC 6-3.6-10-2 (7) one-hundredth of one percent (0.01%) of the county's special purpose rate revenue is used to fund the Grant County Economic Growth Council, Inc. (b) The local income tax council may, by ordinance, determine that additional local income tax revenue is needed in the county to do the following: (1) Finance, construct, acquire, improve, renovate, and equip the county jail, including costs related to the demolition of existing buildings, the acquisition of land, and any other reasonably related costs. (2) Repay bonds issued or leases entered into for the purposes described in subdivision (1) (c) If the local income tax council makes the determination set forth in subsection (b), the local income tax council may impose a tax on the adjusted gross income of local taxpayers at a tax rate that does not exceed the lesser of the following: (1) Five-tenths percent (0.5%). (2) The rate necessary to carry out the purposes described in this section. The tax rate may not be greater than the rate necessary to pay for the purposes described in subsection (b). (d) The tax rate used to pay for the purposes described in subsection (b)(1) and (b)(2) may be imposed only until the latest of the following dates: (1) The date on which the financing, construction, acquisition, improvement, renovation, and equipping of the facilities as described in subsection (b) are completed. (2) The date on which the last of any bonds issued (including refunding bonds) or leases entered into to finance the construction, acquisition, improvement, renovation, and equipping of the facilities described in subsection (b) are fully paid. (3) The date on which an ordinance adopted under subsection (c) is rescinded. (e) The tax rate under this section may be imposed beginning in the year following the year the ordinance is adopted and until the date on which the ordinance adopted under this section is rescinded. (f) The term of a bond issued (including any refunding bond) or a lease entered into under subsection (b) may not exceed twenty-five (25) years. (g) The county treasurer shall establish a county jail revenue fund to be used only for the purposes described in this section. Local income tax revenues derived from the tax rate imposed under this section shall be deposited in the county jail revenue fund. (h) Local income tax revenues derived from the tax rate imposed under this section: (1) may be used only 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 (b). (i) Grant County possesses unique governmental challenges and opportunities due to deficiencies in the current county jail. The use of local income tax revenues as provided in this section is necessary for the county to provide adequate jail capacity in the county and to maintain low property tax rates essential to economic development. The use of local income tax revenues as provided in this section to pay any bonds issued or leases entered into to finance the construction, acquisition, improvement, renovation, and equipping of the facilities described in subsection (b), rather than the use of property taxes, promotes those purposes. (j) Money accumulated from the local income tax rate imposed under this section after the termination of the tax under this section shall be transferred to the county rainy day fund under IC 36-1-8-5.1 . IC 6-3.6-7-28 Grant County; additional rate for county jail; balance transfer to the county rainy day fund Note: This version of section effective 7-1-2027. See also preceding version of this section, effective until 7-1-2027. Sec. 28. (a) This section applies to Grant County and only if the county adopting body repeals provisions of its local income tax ordinance providing that under IC 6-3.6-10-2 (7) one-hundredth of one percent (0.01%) of the county's special purpose rate revenue is used to fund the Grant County Economic Growth Council, Inc. (b) The county adopting body may, by ordinance, determine that additional local income tax revenue is needed in the county to do the following: (1) Finance, construct, acquire, improve, renovate, and equip the county jail, including costs related to the demolition of existing buildings, the acquisition of land, and any other reasonably related costs. (2) Repay bonds issued or leases entered into for the purposes described in subdivision (1). (c) If the county adopting body makes the determination set forth in subsection (b), the county adopting body may impose a tax on the adjusted gross income of local taxpayers at a tax rate that does not exceed the lesser of the following: (1) Five-tenths percent (0.5%). (2) The rate necessary to carry out the purposes described in this section. The tax rate may not be greater than the rate necessary to pay for the purposes described in subsection (b). (d) The tax rate used to pay for the purposes described in subsection (b)(1) and (b)(2) may be imposed only until the latest of the following dates: (1) The date on which the financing, construction, acquisition, improvement, renovation, and equipping of the facilities as described in subsection (b) are completed. (2) The date on which the last of any bonds issued (including refunding bonds) or leases entered into to finance the construction, acquisition, improvement, renovation, and equipping of the facilities described in subsection (b) are fully paid. (3) The date on which an ordinance adopted under subsection (c) is rescinded. (e) The tax rate under this section may be imposed beginning in the year following the year the ordinance is adopted and until the date on which the ordinance adopted under this section is rescinded. (f) The term of a bond issued (including any refunding bond) or a lease entered into under subsection (b) may not exceed twenty-five (25) years. (g) The county treasurer shall establish a county jail revenue fund to be used only for the purposes described in this section. Local income tax revenues derived from the tax rate imposed under this section shall be deposited in the county jail revenue fund. (h) Local income tax revenues derived from the tax rate imposed under this section: (1) may be used only 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 (b). (i) Grant County possesses unique governmental challenges and opportunities due to deficiencies in the current county jail. The use of local income tax revenues as provided in this section is necessary for the county to provide adequate jail capacity in the county and to maintain low property tax rates essential to economic development. The use of local income tax revenues as provided in this section to pay any bonds issued or leases entered into to finance the construction, acquisition, improvement, renovation, and equipping of the facilities described in subsection (b), rather than the use of property taxes, promotes those purposes. (j) Money accumulated from the local income tax rate imposed under this section after the termination of the tax under this section shall be transferred to the county rainy day fund under IC 36-1-8-5.1 . IC 6-3.6-8 Chapter 8. Administration of Tax 6-3.6-8-1 Determination of tax rates; different tax rates in a taxable year 6-3.6-8-2 Tax liability; determination when tax is not in effect during entire taxable year 6-3.6-8-3 County residency and place of business or employment; determination 6-3.6-8-3 County or municipality residency; determination 6-3.6-8-4 Reciprocity agreements for exemption from tax; local governmental entities 6-3.6-8-4 Reciprocity agreements for exemption from tax; local governmental entities 6-3.6-8-5 Adjusted gross income tax provisions; applicability; employer's withholding report 6-3.6-8-5 Adjusted gross income tax provisions; applicability; employer's withholding report 6-3.6-8-6 Credit; taxes imposed by a governmental entity outside Indiana 6-3.6-8-7 Perry County; adjusted gross income earned in an adjacent county located in another state 6-3.6-8-8 Repealed
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