§ 6-9-1-6.3 — Potawatomi Zoo fund

Indiana § 6-9-1-6.3

• Jurisdiction: Indiana
• Art. 9: INNKEEPER'S TAXES; OTHER LOCAL TAXES
• Ch. 1: St. Joseph County Innkeeper's Tax

Text

3. (a) As used in this section, "zoo fund" refers
to the Potawatomi Zoo fund.
(b) Subject to subsection (d), the county treasurer, after collecting
the tax revenue in accordance with section 5 of this chapter, shall
quarterly deposit tax revenue in the zoo fund as follows:
(1) If the tax is imposed at a rate of six percent (6%), forty percent
(40%) of the amount of revenue collected as a result of a one
percent (1%) rate.
(2) If the county fiscal body adopts an ordinance to increase the
tax rate imposed under this chapter to a rate of more than six
percent (6%), but less than eight percent (8%), the sum of:
(A) five percent (5%) of the amount of revenue that is
attributable to the increased tax rate; plus
(B) forty percent (40%) of the amount of revenue collected as
a result of a one percent (1%) rate.
(3) If the county fiscal body adopts an ordinance to increase the
tax rate imposed under this chapter to a rate of eight percent (8%),
the amount of revenue collected as a result of a one-half of one
percent (0.5%) rate.
(c) Money in the zoo fund shall be expended by the board of
managers to:
(1) finance projects for the Potawatomi Zoo located in the city of
South Bend that are included in the Potawatomi Zoo's capital
improvement master plan as in effect on July 1, 2019; and
(2) refund bonds issued or pay other obligations incurred for a
purpose described in subdivision (1), make lease payments
incurred, or retire bonds issued to finance projects for the
Potawatomi Zoo located in the city of South Bend as described in
subdivision (1).
(d) This section expires on July 1, 2046.

Legislative History

As added by P.L.108-2019, SEC.139. Amended by P.L.69-2021, SEC.5.