03-16-92 Council Meeting Mniutes

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912, SECTION II. The county option income tax is imposed on the county taxpayers of St. Joseph County at the following rates for subsequent years as follows: Resident Nonresident Cty Cty Taxpayers Taxpayers July 1, 1993 to June 30, 1994 0.3% 0.075% July 1, 1994 to June 30, 1995 0.4% 0.1% July 1, 1995 to June 30, 1996 0.5% 0.125% July 1, 1996 to June 30, 1997 and subsequent years 0.6% 0.15% SECTION III. The St. Joseph County Income Tax Council hereby increases the percentage credit allowed for homesteads in St. Joseph County under IC 6 -1.1- 20.9 -2 in accordance with the following schedule: For Property Taxes payable in 1993 from 4% to 8 %. For Property Taxes payable in 1994 from 8% to 9 %. For Property Taxes payable in 1995 from 9% to 10 %. For Property Taxes payable in 1996 from 10% to 11 %. For Property Taxes payable in 1997 and thereafter from 11% to 12 %. This shall take effect January 1, 1993. SECTION IV. The St. Joseph County Income Tax Council imposes the county economic development income tax on the county taxpayers of St. Joseph County. The county economic development income tax is imposed on the county taxpayers of the county as follows: One tenth of one percent (0.1 %) effective July 1, 1993. Two tenths of one percent (0.2 %) effective July 1, 1994. Three tenths of one percent (0.3 %) effective July 1, 1995. Four tenths of one percent (0.4 %) effective July 1, 1996 and thereafter. SECTION V. If any part, section, subsection, sentence, clause or phrase of this Ordinance is for any reason declared unconstitutional or otherwise invalid, such decision shall not affect the validity of the remaining portions of this ordinance. SECTION VI. This ordinance shall be in full force and effect from, and after its adoption by the St. Joseph County Income Tax Council. I-