(b) Miami County possesses unique economic development challenges due to:(1) underemployment in relation to similarly situated counties; and(2) the presence of a United States government military base or other military installation that is completely or partially inactive or closed.Maintaining low property tax rates is essential to economic development, and the use of a tax under this section to carry out the purposes of this section rather than use of property taxes promotes these purposes.(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, equipping, operating, and maintaining a county jail.(d) Revenue raised from a tax imposed under this section may be used only for the purposes of paying the costs of financing, constructing, acquiring, renovating, equipping, operating, and maintaining a county jail, including the repayment of bonds issued, or leases entered into, for financing, constructing, acquiring, ing, constructing, acquiring, renovating, equipping, operating, and maintaining a county jail, including the repayment of bonds issued, or leases entered into, for financing, constructing, acquiring, renovating, and equipping a county jail.As added by P.L.243-2015, SEC.10. Amended by P.L.255-2017, SEC.26.
Indiana Legal Code