Ind. Code ch. 8-25-3

Ind. Code ch. 8-25-3
in effect

Ind. Code § 8-25-3-1 County funding

Sec. 1. (a) This section applies to Delaware County, Hamilton County, Hancock County, Johnson County, Madison County, and Marion County. (b) If the voters of an eligible county approve a local public question under IC 8-25-2, the fiscal body of the eligible county may, subject to section 4 of this chapter, adopt an ordinance under IC 6-3.6-6 to impose an additional local income tax rate as allowed by IC 6-3.6-7-27 for the public transportation project. As added by P.L.153-2014, SEC.17. Amended by P.L.197-2016, SEC.90.

Ind. Code § 8-25-3-4 Ordinance to impose taxes prohibited unless taxes were described in the enabling ordinance and the public question

Sec. 4. The fiscal body of an eligible county may not adopt an ordinance imposing a tax rate or a tax for a public transportation project unless the tax rate or tax was described in an ordinance adopted under IC 8-25-2-1 and in the local public question on the approval of the public transportation project. As added by P.L.153-2014, SEC.17.

Ind. Code § 8-25-3-6 Mandatory alternative funding sources

Sec. 6. (a) The following apply to the funding of a public transportation project: (1) For the first year of operations, an amount must be raised from sources other than taxes and fares that is equal to at least ten percent (10%) of the revenue that the budget agency certifies that the county will receive in that year from a local income tax imposed to fund the public transportation project. (2) For the second year of operations and each year thereafter, at least ten percent (10%) of the annual operating expenses of the public transportation project must be paid from sources other than taxes and fares. For purposes of this subdivision, operating expenses include only those expenses incurred in the operation of fixed route services that are established or expanded as a result of a public transportation project authorized and funded under this article. The budget agency shall assist the fiscal body of an eligible county in determining the amount of money that must be raised under subdivision (1). (b) A county fiscal body or another entity authorized to carry out a public transportation project under IC 8-25-4 shall raise the revenue required by subsection (a) for a particular calendar year before the end of the third quarter of the preceding calendar year. Money raised under this section must be deposited in the county public transportation fund established under section 7 of this chapter. (c) If a county fiscal body or other entity fails to raise the revenue required by subsection (a) before the deadline specified in subsection (b), the county in which the public transportation project is located is responsible for paying the difference between: (1) the amount that subsection (a) requires to be raised from sources other than taxes and fares; minus (2) the amount actually raised from sources other than taxes and fares. As added by P.L.153-2014, SEC.17. Amended by P.L.197-2016, SEC.94.

Ind. Code § 8-25-3-7 County public transportation project fund

Sec. 7. (a) If the fiscal body of an eligible county imposes taxes to fund a public transportation project, the county treasurer of the eligible county shall establish a county public transportation project fund to receive tax revenues collected for the public transportation project. Money received from a foundation established under IC 8-25-7 or IC 8-25-8 may be deposited into the fund. (b) Money in a fund established under subsection (a) at the end of the eligible county's fiscal year remains in the fund. Interest earned by the fund must be deposited in the fund. (c) Money deposited in an eligible county's public transportation project fund may be used only to purchase, establish, operate, repair, or maintain a public transportation project authorized under this article. Money in the fund may be pledged by the fiscal body of the eligible county to the repayment of bonds issued for purposes of a public transportation project authorized under this article. (d) The fiscal body of an eligible county may, in the manner provided by law, appropriate money from the fund to a public transportation corporation that is authorized to purchase, establish, operate, repair, or maintain the public transportation project if the public transportation project is located, either entirely or partially, within the eligible county. As added by P.L.153-2014, SEC.17.

Ind. Code § 8-25-3-8 Purchase of equipment as an operating expense

Sec. 8. For purposes of this chapter, IC 36-9-2-2(b), and IC 36-9-4-58(b), the purchase of equipment or other personal property is considered an operating expense if the equipment or other personal property has a useful life of less than three (3) years. As added by P.L.153-2014, SEC.17.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/8Fetched: 10/17/2026

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