Indiana § 36-7-31.5-8 Resolution; allocation of taxes to additional professional sports
development area fund

Indiana Statutes

§ 36-7-31.5-8 — Resolution; allocation of taxes to additional professional sports development area fund

Indiana § 36-7-31.5-8

Title 36LOCAL GOVERNMENT

Art. 7PLANNING AND DEVELOPMENT

Ch. 31.5Additional Professional Sports Development Area in

This text of Indiana § 36-7-31.5-8 (Resolution; allocation of taxes to additional professional sports development area 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 § 36-7-31.5-8 (2026).

Text

(a)A tax area must be established by resolution. A resolution establishing a tax area may provide for the allocation of covered taxes attributable to a taxable event or covered taxes earned in the tax area to the additional professional sports development area fund established for the county. The allocation provision must apply to the part of the tax area covered by this section. The resolution must provide that the tax area terminates not later than thirty-two (32) years after the first allocation of covered taxes from the tax area. Covered taxes may not be collected in the tax area until after the earlier of June 30, 2023, or the date on which all the conditions set forth in this chapter are met.

(b)All of the salary, wages, bonuses, and other compensation that are:

(1)paid during a t

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(a) A tax area must be established by
resolution. A resolution establishing a tax area may provide for the
allocation of covered taxes attributable to a taxable event or covered
taxes earned in the tax area to the additional professional sports
development area fund established for the county. The allocation
provision must apply to the part of the tax area covered by this section.
The resolution must provide that the tax area terminates not later than
thirty-two (32) years after the first allocation of covered taxes from the
tax area. Covered taxes may not be collected in the tax area until after
the earlier of June 30, 2023, or the date on which all the conditions set
forth in this chapter are met.
(b) 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 home games at a capital improvement in the tax
area.
(c) The total amount of state revenue captured by the tax area may
not exceed nine million five hundred thousand dollars ($9,500,000) per
state fiscal year for not more than thirty-two (32) years after the first
allocation of covered taxes from the tax area.
(d) The resolution establishing the tax area must designate the
facilities and the sites of the facilities, for which the tax area is
established and covered taxes will be used.
(e) The department may adopt rules and guidelines to govern the
allocation of covered taxes to a tax area and to adopt withholding
requirements in the manner authorized under IC 6-3-4-8.