Bill > SB0158

This bill establishes the Lake County Rounding of Local Taxes Pilot Program, which applies to local units in Lake County, defined as any county, township, city, town, school corporation, or special taxing district. The program is intended to help accommodate the federal government's phaseout of the penny. Under this program, local units must round tax amounts payable to them to the nearest five cents ($0.05). Specifically, if a tax amount has a one, two, six, or seven in the second decimal place (e.g., $1.21, $3.46), it will be rounded down to the next amount divisible by five cents. Conversely, if the second decimal place is a three, four, eight, or nine (e.g., $1.23, $5.78), the tax amount will be rounded up to the next amount divisible by five cents. Any tax amount less than five cents will be rounded down to zero.

Budget and Finance

https://iga.in.gov/legislative/2026/bills/senate/158/details