Indiana § 36-7-31-14.2 Marion County allocation of additional revenue to sports and
convention facilities operating fund

Indiana Statutes

§ 36-7-31-14.2 — Marion County allocation of additional revenue to sports and convention facilities operating fund

Indiana § 36-7-31-14.2

Title 36LOCAL GOVERNMENT

Art. 7PLANNING AND DEVELOPMENT

Ch. 31Professional Sports Development Area in County

This text of Indiana § 36-7-31-14.2 (Marion County allocation of additional revenue to sports and convention facilities operating fund) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 36-7-31-14.2 (2026).

Text

2.

(a)This section applies to the part of the tax area in which a facility or complex of facilities described in section 10(b)(3) and 10(c) of this chapter is located. A reference to "tax area addition" in this section includes only the part of the tax area in which a facility or complex of facilities described in section 10(b)(3) and 10(c) of this chapter is located.

(b)A tax area change described in section 11(a)(2) of this chapter must be established by resolution. A resolution changing the tax area must provide for a request for the allocation of:

(1)covered taxes attributable to a taxable event in the tax area addition; or

(2)covered taxes from income earned in the tax area addition; to the sports and convention facilities operating fund established by section 16(b) of this chapte

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2. (a) This section applies to the part of the
tax area in which a facility or complex of facilities described in section
10(b)(3) and 10(c) of this chapter is located. A reference to "tax area
addition" in this section includes only the part of the tax area in which
a facility or complex of facilities described in section 10(b)(3) and
10(c) of this chapter is located.
(b) A tax area change described in section 11(a)(2) of this chapter
must be established by resolution. A resolution changing the tax area
must provide for a request for the allocation of:
(1) covered taxes attributable to a taxable event in the tax area
addition; or
(2) covered taxes from income earned in the tax area addition;
to the sports and convention facilities operating fund established by
section 16(b) of this chapter. However, to the extent a covered tax has
been pledged before January 1, 2009, and allocated under IC 36-10-9-11 to the capital improvement bond fund, that amount shall
not be allocated to the sports and convention facilities operating fund.
(c) The allocation provision must apply only to the tax area addition.
(d) The resolution changing the tax area must designate each facility
and each facility site for which the money to be distributed from the
sports and convention facilities operating fund will be used.
(e) The budget director shall make an annual determination of
whether at least one (1) of the following conditions is satisfied:
(1) The maximum additional tax rate for the innkeeper's tax under
IC 6-9-8 was adopted after June 30, 2009, and before September
1, 2009, and was in effect on January 1 of the determination year.
(2) As of January 1 of the determination year:
(A) at least four million dollars ($4,000,000) per year is being
raised from the innkeeper's tax rate increase that was adopted
under IC 6-9-8 after June 30, 2009, and before September 1,
2009; and
(B) the treasurer of state has invested in obligations issued by
the capital improvement board under IC 5-13-10.5-18.
If the budget director determines that either of the conditions under
subdivision (1) or (2) is satisfied, covered taxes attributable to the part
of the tax area in which a facility or complex of facilities described in
section 10(b)(3) of this chapter is located shall then be deposited in the
sports and convention facilities operating fund established by section
16(b) of this chapter. However, the maximum total amount of covered
taxes attributable to the part of the tax area in which a facility or
complex of facilities described in section 10(b)(3) or 10(c) of this
chapter is located that may be deposited in the sports and convention
facilities operating fund during each state fiscal year is set forth in
subsection (f).
(f) The maximum amount referred to in subsection (e) is as follows:
(1) Eight million dollars ($8,000,000) for state fiscal years ending
June 30, 2019, through June 30, 2021.
(2) Seventeen million dollars ($17,000,000) for the state fiscal
year ending June 30, 2022.
(3) Twenty million dollars ($20,000,000) for the state fiscal year
ending June 30, 2023.
(4) Twenty-four million dollars ($24,000,000) for state fiscal
years ending June 30, 2024, through June 30, 2033.
(5) Twenty-six million dollars ($26,000,000) for state fiscal years
ending June 30, 2034, through June 30, 2041.
After the state fiscal year ending June 30, 2041, no deposit shall be
made. To the extent a covered tax has been pledged before January 1,
2009, and allocated under IC 36-10-9-11 to the capital improvement
bond fund, that amount shall not be allocated to or deposited in the
sports and convention facilities operating fund.
(g) The department may adopt rules under IC 4-22-2 and guidelines
to govern the allocation of covered taxes from the tax area addition.