Indiana HB1259 amends local income tax provisions, including tax rate limits, distribution methods, and residency definitions.

Indiana HB1259 amends the Indiana Code to revise local income tax provisions. It sets tax rate limits for counties and municipalities, defines how tax revenue is distributed, and specifies residency criteria for tax purposes. The bill introduces new tax rate caps for general purpose revenue and emergency services, and it modifies the distribution of tax revenue among municipalities and nonmunicipal civil taxing units. It also updates definitions related to residency and tax liability, including adjustments for team members and race team members.

Indiana HB1259 amends local income tax provisions, including tax rate limits, distribution methods, and residency definitions.

Indiana HB1259 amends the Indiana Code to revise local income tax provisions. It sets tax rate limits for counties and municipalities, defines how tax revenue is distributed, and specifies residency criteria for tax purposes. The bill introduces new tax rate caps for general purpose revenue and emergency services, and it modifies the distribution of tax revenue among municipalities and nonmunicipal civil taxing units. It also updates definitions related to residency and tax liability, including adjustments for team members and race team members.