Indiana Senate Bill 69 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 4 2012 - 25% progression, died in committee
Action: 2012-01-20 - Senator M. Young added as first author
Pending: Senate Appropriations Committee
Text: Latest bill text (Amended) [HTML]

Provides that the budget committee must review and make a recommendation to the budget agency regarding a resolution establishing a PMDA. Specifies that the budget agency must approve the resolution before revenues may be allocated. Allows for allocation to the town of state sales tax, state individual income tax, county option income tax, and admissions taxes attributable to a taxable event in the PMDA or earned in the PMDA. Authorizes the budget agency to determine and impose a base amount, for each of the covered taxes, that will not be allocated to the town. Specifies the permissible uses of covered taxes allocated to the town.

Allows the establishment of a professional motorsports development area (PMDA) in the town of Speedway.

Sen. Michael Young [R]

Date	Chamber	Action
2012-01-20		Senator M. Young added as first author
2012-01-20		Senator Long removed as first author
2012-01-20		Committee report: amended, reassigned to Committee on Appropriations
2012-01-04		First reading: referred to Committee on Rules and Legislative Procedure
2012-01-04		Authored by Senator Long

Type	Source
Summary	http://www.in.gov/apps/lsa/session/billwatch/billinfo?year=2012&session=1&request=getBill&doctype=SB&docno=0069
Text	http://www.in.gov/legislative/bills/2012/IN/IN0069.1.html
Text	http://www.in.gov/legislative/bills/2012/SB/SB0069.1.html