Wednesday, February 27, 2013

NWI Reports Senate Votes 50-0 for Lake County Income Tax Bill

From the Northwest Indiana Times:

Lake County may be more likely to adopt an income tax and Gary could become home to a new trauma hospital and port under legislation that breezed through the Indiana Senate on Tuesday.

Senate Bill 585, which now goes to the House, was approved 50-0 — continuing a string of unanimous votes by two Senate committees in favor of the proposal sponsored by state Sen. Ed Charbonneau, R-Valparaiso.

"This has truly been a bipartisan, collaborative effort both here and up in Northwest Indiana," Charbonneau said on the Senate floor.

The measure changes existing state law by allowing Lake County to spend most of the proceeds of a 1 percent county income tax, instead of being required to use that revenue to reduce property taxes.

According to the legislation, a quarter of the new tax would have to be used for economic development projects. That could include a South Shore extension.

The Lake County Council must still approve an income tax for it to take effect.

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See the full article here:

http://www.nwitimes.com/news/local/govt-and-politics/senate-votes---for-lake-county-income-tax-plan/article_2a15ef3b-95ed-5daf-a0ac-a045fa99d9ba.html