Local Income Tax: An Evolving Resource (original) (raw)

Abstract

Local income tax (LIT) has become an increasingly important resource for Indiana communities. Each year, many Indiana counties adopt new or reallocate existing LIT rates to meet ever-changing needs. The 2023 legislative session added additional LIT flexibility for jails, EMS, fire protection, courts, and other needs. A new LIT rate may free up funding for roads, but getting it adopted may require cooperation among the county and its municipalities. Join us for a discussion.

Session Title

Local Income Tax: An Evolving Resource

Track Title

Finance/Administration

Date of Version

March 2024

Start Date

3-12-2024 2:00 PM

End Date

3-12-2024 2:50 PM

DOWNLOADS

Since May 17, 2024

COinS

Mar 12th, 2:00 PM Mar 12th, 2:50 PM

Local Income Tax: An Evolving Resource

RAWL 1086

Local income tax (LIT) has become an increasingly important resource for Indiana communities. Each year, many Indiana counties adopt new or reallocate existing LIT rates to meet ever-changing needs. The 2023 legislative session added additional LIT flexibility for jails, EMS, fire protection, courts, and other needs. A new LIT rate may free up funding for roads, but getting it adopted may require cooperation among the county and its municipalities. Join us for a discussion.