Approving & Voting in Favor St. Joseph County Income Tax Council Increasing percentage Credit Allowed for Homesteads

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RESOLUTION NO. 316-01 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA APPROVING AND VOTING IN FAVOR OF AN ORDINANCE PROPOSED BY THE ST. JOSEPH COUNTY INCOME TAX COUNCIL INCREASING THE PERCENTAGE CREDIT ALLOWED FOR HOMESTEADS IN ST. JOSEPH COUNTY WHEREAS, the Common Council of the City of South Bend recognizes that the Indiana Legislature has passed legislation which provides for the County Option Income Tax and allows, in connection therewith, for an increase in the percentage credit allowed for homesteads in counties in which the County Option Income Tax is in effect; and WHEREAS, the St. Joseph County Income Tax Council has approved the imposition of the County Option Income Tax in St. Joseph County and has determined that the imposition of this tax should be accompanied by property tax relief in the form of an increase in the percentage credit allowed for homesteads in St. Joseph County; and WHEREAS, an ordinance to increase the homestead credit uniformly in St. Joseph County has been proposed by one of the members of the St. Joseph County Tax Council and approved by that member's governing body, pursuant to I.C. 6- 3.5 -6 -5, and it is in the best interests of the citizens of South Bend that such ordinance be approved and that all of the City's votes on the St. Joseph County Income Tax Council be cast in favor of the Ordinance. NOW, THEREFORE BE IT RESOLVED BY THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA AS FOLLOWS: Section 1. The Common Council of the City of South Bend, Indiana approves and casts its 40.59 votes for the proposed ordinance of the St. Joseph County Income Tax Council which reads as follows: AN ORDINANCE INCREASING THE PERCENTAGE CREDIT ALLOWED FOR HOMESTEADS IN ST. JOSEPH COUNTY, INDIANA The St. Joseph County Income Tax Council, pursuant to I.C. 6- 3.5 -5 -6, has determined that it will be in the public interest to increase the percentage allowed for homesteads in St. Joseph County to provide property tax relief to the homeowners of St. Joseph County, Indiana. The members of the St. Joseph County Income Tax Council are the South Bend Common Council, Mishawaka Common Council, the St. Joseph County Council, and other local units. NOW, THEREFORE, BE IT ORDAINED BY THE ST. JOSEPH COUNTY INCOME TAX COUNCIL OF ST. JOSEPH COUNTY, INDIANA, as follows: Section I. The St. Joseph County Income Tax Council hereby increases the