IC 6-3.6-7-20: Scott County; additional rate for jail facilities

Sec. 20. (a) This section applies only to Scott County.

(b) Scott County is a county in which:

(1) maintaining low property tax rates is essential to economic development; and

(2) the use of additional tax revenues as provided in this section, rather than the use of property taxes, to fund:

(A) the financing, construction, acquisition, improvement, renovation, equipping, operation, or maintenance of jail facilities; and

(B) the repayment of bonds issued or leases entered into for the purposes described in clause (A), except operation or maintenance;

promotes the purpose of maintaining low property tax rates.

(c) The county fiscal body may impose a tax rate on the adjusted gross income of local taxpayers that is the lesser of the following:

(1) Twenty-five hundredths percent (0.25%).

(2) The rate necessary to pay the costs of financing, constructing, acquiring, renovating, and equipping the facilities described in subsection (d).

(d) Revenues raised under this section may be used only for the following purposes:

(1) The financing, construction, acquisition, improvement, renovation, equipping, operation, or maintenance of jail facilities.

(2) The repayment of bonds issued or leases entered into for the purposes described in subdivision (1), except operation or maintenance.