Proposing & Voting in Favor of Ordinance of St. Joseph County Income Tax Imposing Homestead Credit Increase

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RESOLUTION NO 19,2 J1 - ?Z A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND PROPOSING AND VOTING IN FAVOR OF AN ORDINANCE OF THE ST. JOSEPH COUNTY INCOME TAX COUNCIL IMPOSING THE COUNTY OPTION INCOME TAX, HOMESTEAD CREDIT INCREASE AND ECONOMIC DEVELOPMENT INCOME TAX 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, Homestead Credit Increase and Economic Development Income Tax; and WHEREAS, in order to continue to provide essential governmental services to all residents of St. Joseph County, Indiana, and in connection of the Mayor's recommendation that there is a financial need to impose the County Option Tax, Homestead Credit Increase and Economic Development Income Tax in St. Joseph County. NOW, THEREFORE BE IT RESOLVED BY THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA AS FOLLOWS: SECTION I. The Common Council of the City of South Bend proposes and casts its 42.71 votes for the proposed ordinance of the St. Joseph County Income Tax Council which reads as follows: AN ORDINANCE IMPOSING A COUNTY OPTION INCOME TAX, HOMESTEAD CREDIT INCREASE AND ECONOMIC DEVELOPMENT INCOME TAX FOR ST. JOSEPH COUNTY, INDIANA STATEMENT OF PURPOSE & INTENT Whereas, the St. Joseph County Income Tax Council, pursuant to IC 6 -3.5 -6 and -7, has determined that it will be in the public interest to impose a county option income tax, homestead credit increase and economic development income tax for St. Joseph County to provide funding for needed governmental services to all residents of St. Joseph County, Indiana; and Whereas, 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 imposes the County Option Income Tax on the county taxpayers of St. Joseph County. The County Option Income Tax is imposed at a rate of Two- tenths of one percent (0.2 %) on the resident county taxpayers and at a rate of Five - hundredths of one percent (0.05 %) on all nonresident county taxpayers. This tax takes effect July 1 of this year, 1992.