Indiana § 6-8-12-5 Findings

Indiana Statutes

§ 6-8-12-5 — Findings

Indiana·Art. 8 MISCELLANEOUS·Ch. 12 Eligible Event; Exemption From Taxation

The general assembly finds that:

(1)this chapter has been enacted as a requirement to host an eligible event in Indiana and that an eligible event would not be held in Indiana without the exemptions provided in this chapter;

(2)notwithstanding the exemptions provided in this chapter, an eligible event held in Indiana would generate a significant economic impact for Indiana and additional revenues from taxes affected by this chapter; and

(3)the exemptions provided in this chapter will not reduce or adversely affect the levy and collection of taxes pledged to the payment of bonds, notes, leases, or subleases payable from those taxes.

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The general assembly finds that:
(1) this chapter has been enacted as a requirement to host an
eligible event in Indiana and that an eligible event would not be
held in Indiana without the exemptions provided in this chapter;
(2) notwithstanding the exemptions provided in this chapter, an
eligible event held in Indiana would generate a significant
economic impact for Indiana and additional revenues from taxes
affected by this chapter; and
(3) the exemptions provided in this chapter will not reduce or
adversely affect the levy and collection of taxes pledged to the
payment of bonds, notes, leases, or subleases payable from those
taxes.

Indiana § 6-8-12-5 (Findings) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.