Indiana § 6-1.1-30-18 Local units that impose a food and beverage tax; annual reporting
requirements to the state board of accounts; reports posted on the
computer gateway

Indiana Statutes

§ 6-1.1-30-18 — Local units that impose a food and beverage tax; annual reporting requirements to the state board of accounts; reports posted on the computer gateway

Indiana·Art. 1.1 PROPERTY TAXES·Ch. 30 General Provisions Concerning the Department of Local

(a)Before March 1, 2024, and before March 1 of every year thereafter, each local unit that imposes a food and beverage tax under IC 6-9 shall provide a report to the state board of accounts that includes:

(1)a consolidated financial statement that at a minimum contains total collections, total expenditures, the beginning year fund balance, and the end of year fund balance;

(2)every expenditure of funds by the local unit;

(3)each local governmental entity, or instrumentality of a local governmental entity, that received a distribution; and

(4)every expenditure of funds by each local governmental entity described in subdivision (3); from amounts received from the food and beverage tax imposed by the local unit during the previous calendar year.

(b)The report required under subsection (

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(a) Before March 1, 2024, and before March
1 of every year thereafter, each local unit that imposes a food and
beverage tax under IC 6-9 shall provide a report to the state board of
accounts that includes:
(1) a consolidated financial statement that at a minimum contains
total collections, total expenditures, the beginning year fund
balance, and the end of year fund balance;
(2) every expenditure of funds by the local unit;
(3) each local governmental entity, or instrumentality of a local
governmental entity, that received a distribution; and
(4) every expenditure of funds by each local governmental entity
described in subdivision (3);
from amounts received from the food and beverage tax imposed by the
local unit during the previous calendar year.
(b) The report required under subsection (a) must include for each
check, expenditure, distribution, or payment:
(1) the date and amount of the check, expenditure, distribution, or
payment;
(2) the payee or recipient;
(3) the specific purpose, including whether the check,
expenditure, distribution, or payment was for an employee salary
or a capital project;
(4) if applicable, a description of the project for which the check,
expenditure, distribution, or payment was made; and
(5) a consolidated financial statement for the previous calendar
year that at a minimum contains total collections, total
expenditures, the beginning year fund balance, and the end of
year fund balance.
(c) The report required under subsection (a) must be in a format and
on a form prescribed by the state board of accounts.
(d) The state board of accounts shall post a report received under
subsection (a) on the department of local government finance's
computer gateway.
(e) The requirements under subsection (a) do not apply to taxes
collected under:
(1) IC 6-9-12 that are distributed to the capital improvement
board of managers created by IC 36-10-9-3;
(2) IC 6-9-35 that are distributed to the capital improvement
board of managers created by IC 36-10-9-3; and
(3) IC 6-9-33 that are distributed to the capital improvement
board of managers created by IC 36-10-8.

Indiana § 6-1.1-30-18 (Local units that impose a food and beverage tax; annual reporting requirements to the state board of accounts; reports posted on the computer gateway) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.