(a)A tax area must be established by
resolution. A resolution establishing a tax area must provide for the
allocation of covered taxes attributable to a taxable event or covered
taxes earned in the tax area to the professional sports and convention
development area fund established for the city or county. The
allocation provision must apply to the entire tax area. The following
apply to Allen County:
(1)The fund required by this subsection is the coliseum
professional sports and convention development area fund. This
fund shall be administered by the Allen County Memorial
Coliseum board of trustees.
(2)The allocation each year must be as follows:
(A)The following for state fiscal years ending before July 1,
2021:
(i)The first two million six hundred thousand dollars
($2,600,000) shall
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(a) A tax area must be established by
resolution. A resolution establishing a tax area must provide for the
allocation of covered taxes attributable to a taxable event or covered
taxes earned in the tax area to the professional sports and convention
development area fund established for the city or county. The
allocation provision must apply to the entire tax area. The following
apply to Allen County:
(1) The fund required by this subsection is the coliseum
professional sports and convention development area fund. This
fund shall be administered by the Allen County Memorial
Coliseum board of trustees.
(2) The allocation each year must be as follows:
(A) The following for state fiscal years ending before July 1,
2021:
(i) The first two million six hundred thousand dollars
($2,600,000) shall be transferred to the county treasurer for
deposit in the coliseum professional sports and convention
development area fund.
(ii) The remaining amount shall be transferred to the treasurer
of the joint county-city capital improvement board in the
county.
(B) The following for state fiscal years beginning after June 30,
2021:
(i) The first two million six hundred thousand dollars
($2,600,000) shall be transferred to the county treasurer for
deposit in the coliseum professional sports and convention
development area fund.
(ii) After the allocation under item (i), the next four hundred
thousand dollars ($400,000) shall be transferred to the joint
county-city capital improvement board in the county for the
Grand Wayne Center.
(iii) After the allocations under items (i) and (ii), any
remaining amount shall be transferred to the joint county-city
capital improvement board in the county to be split evenly
between the Allen County War Memorial Coliseum and the
Grand Wayne Center.
A tax area located in Allen County terminates not later than December
31, 2038. Any bonds that were issued before January 1, 2015, to
finance the facility or proposed facility must have a maturity of less
than twenty-five (25) years.
(b) In addition to subsection (a), all of the salary, wages, bonuses,
and other compensation that are:
(1) paid during a taxable year to a professional athlete for
professional athletic services;
(2) taxable in Indiana; and
(3) earned in the tax area;
shall be allocated to the tax area if the professional athlete is a member
of a team that plays the majority of the professional athletic events that
the team plays in Indiana in the tax area.
(c) This subsection applies to a tax area established in the city of
Evansville. The following apply:
(1) The total amount of covered taxes captured by the tax area
may not exceed:
(A) before July 1, 2026, ten dollars ($10) per resident of the
city or county per year; and
(B) after June 30, 2026, two million dollars ($2,000,000) per
year;
for twenty (20) consecutive years.
(2) For state fiscal years after June 30, 2026, the tax revenue
captured in the tax area each year shall be transferred to the city
of Evansville to be used for purposes consistent with section 19
of this chapter.
(d) This subsection applies to a tax area established in the city of
Evansville that expired before July 1, 2021. The tax area described in
this subsection is renewed beginning after June 30, 2021, for an
additional twenty (20) consecutive years, and shall include:
(1) the boundaries of the tax area before its expiration; plus
(2) the additional tax areas added under section 8(e) of this
chapter.
The provisions in sections 11 and 12 of this chapter are not applicable
to the renewal of the tax area described in this subsection.
(e) This subsection applies to a tax area established in the city of
South Bend that expired before July 1, 2021. The following apply:
(1) The tax area described in this subsection is renewed beginning
after June 30, 2021, and shall include:
(A) the boundaries of the tax area before its expiration; plus
(B) the additional tax areas added under section 8(f) of this
chapter.
The provisions in sections 11 and 12 of this chapter are not
applicable to the renewal of the tax area described in this
subsection.
(2) The maximum amount of covered taxes that may be captured
in the tax area under this subsection is:
(A) before July 1, 2023, two million dollars ($2,000,000) per
year; and
(B) after June 30, 2023, five million dollars ($5,000,000) per
year.
(3) For state fiscal years beginning after June 30, 2023, the first
two million five hundred thousand dollars ($2,500,000) captured
in the tax area each year shall be transferred to the city of South
Bend to be used for a capital improvement that will construct or
equip a facility owned by the city and used by a professional
sports franchise for practice or competitive sporting events.
(4) After the allocations under subdivision (3), any remaining
amount shall be transferred to the city of South Bend to be used
consistent with section 19(1) of this chapter.
The tax area renewed in the city of South Bend under this subsection
terminates not later than June 30, 2044.
(f) This subsection applies to a tax area established in the city of
Fishers. The following apply:
(1) The maximum amount of covered taxes that may be captured
in the tax area is two million dollars ($2,000,000) per year.
(2) The tax revenue captured in the tax area each year shall be
transferred to the city of Fishers to be used for a capital
improvement that will construct or equip a facility owned by the
city and used by a professional sports franchise for practice or
competitive sporting events.
The tax area located in the city of Fishers terminates not later than June
30, 2044.
(g) The resolution establishing the tax area must designate the
facility or proposed facility and the facility site for which the tax area
is established.
(h) The department may adopt rules under IC 4-22-2 and guidelines
to govern the allocation of covered taxes to a tax area.