(A) The County Council imposes the county economic development income tax (CEDIT) on the county taxpayers. The county economic development income tax is imposed at a rate of 0.45% on the county taxpayers of the county.
(B) The County Council finds and determines that the expenditure of the county’s distributive share of the CEDIT to finance the construction of road improvements in the county constitutes an economic development project under I.C. 6-3.5-7. The county’s distributive share of the CEDIT shall be used solely for the construction of road improvements and related improvements.
(C) The County Council elects to have the CEDIT distributed by the County Auditor on the basis of levy as specified in I.C. 6-3.5-7-12(c).
(Counc. Ord. 1997-05, passed 5-28-97)
Cross-reference:
Highway Department, see § 32.002