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Vigo County commissioners to review new state law that shifts excise and bank-tax distributions to local discretion
Summary
Following HEA 1392, Vigo County commissioners reviewed fall settlement totals for commercial-vehicle excise and financial-institutions taxes, heard staff request keeping current allocations for 2026, and voted to take the information under advisement and meet with department heads before Dec. 10 to finalize allocations.
Vigo County commissioners discussed how a recent Indiana law, House Enrolled Act 1392, changes how commercial-vehicle excise tax (CVET) and financial-institutions tax (FIT) distributions are handled and gives commissioners discretion over allocating the funds.
At the meeting, an Unidentified Speaker 1 told the board that HEA 1392, effective July 1, 2025, amends distribution provisions in Indiana Code 6-6.5-5-20, removing auditors’ responsibility to calculate fund-level allocations and simplifying the process so commissioners receive a pot of money they can direct to lawful purposes. “The commissioners now have the ability to put this money where they deem it's necessary,” the speaker said.
County staff (identified in the transcript as Judy, here listed as…
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