Common Council Voting in Favor of a Proposed Ordinance St. Joseph County Income Tax Council Increasing Percentage Credit Allowed for Homesteads

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RESOLUTION NO. L S"&-' .0 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND VOTING IN FAVOR OF A PROPOSED ORDINANCE OF THE ST. JOSEPH COUNTY INCOME TAX COUNCIL INCREASING THE PERCENTAGE CREDIT ALLOWED FOR HOMESTEADS. WHEREAS, the Common Council of the City of South Bend recognizes that the Indiana Legislature has passed legislation which provides that once a county option income tax is in effect , a county may adopt an ordinance to increase the percentage credit allowed for homesteads in its county under IC 6-1 . 1-20.9-2 ; WHEREAS, in order to provide property tax relief to all owners of homesteads in St. Joseph County, Indiana, it is in the interest of residents of South Bend and St. Joseph County to increase the percentage credit allowed for homesteads . NOW, THEREFORE, BE IT RESOLVED, by the Common Council of the City of South Bend , Indiana, as follows : SECTION I. That the Common Council of the City of South Bend hereby casts its 45 .41 votes for the proposed ordinance of the St. Joseph County Income Tax Council , which reads as follows : ORDINANCE NO. AN ORDINANCE OF THE ST. JOSEPH COUNTY INCOME TAX COUNCIL INCREASING THE PRECENTAGE CREDIT ALLOWED FOR HOMESTEADS. STATEMENT OF PURPOSE AND INTENT: WHEREAS, IC 6-3 .5-6-2 established the County Income Tax Council ; 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; and WHEREAS, during the 1984 General Assembly the law governing percentage credits allowed for homestead exemptions was amended to allow a four percent (4%) credit during 1986 and thereafter unless said credits are increased by Ordinance of the County Income Tax Council ; and WHEREAS, the St. Joseph County Income Tax Council wishes to increase the percentage credit allowed for homestead exemptions two percent (2%) ; and WHEREAS, such an Ordinance of the St. Joseph County Income Tax Council must be passed on or before June 1, 1985; NOW, THERFORE, BE IT ORDAINED BY THE ST. JOSEPH COUNTY INCOME TAX COUNCIL OF ST. JOSEPH COUNTY, INDIANA, as follows : SECTION I. The percentage credit for homesteads , as provided by IC 6-1.1-20.9 is increased by the St. Joseph County Income Tax Council for all eligible homesteads in the county , according to the following schedule :