Indiana § 6-9-2-1.5 Tax rate increase; allocation of revenue attributable to increase

Indiana Statutes

§ 6-9-2-1.5 — Tax rate increase; allocation of revenue attributable to increase

Indiana § 6-9-2-1.5

Art. 9INNKEEPER'S TAXES; OTHER LOCAL TAXES

Ch. 2Lake County Innkeeper's Tax

This text of Indiana § 6-9-2-1.5 (Tax rate increase; allocation of revenue attributable to increase) 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 § 6-9-2-1.5 (2026).

Text

5.

(a)After June 30, 2023, the county fiscal body may adopt an ordinance to increase the tax rate imposed under section 1 of this chapter by not more than an additional five percent (5%). If the county imposes the additional tax rate authorized by this section, the additional tax rate terminates on July 1, 2050.

(b)If the county fiscal body adopts an ordinance under this section:

(1)it shall immediately send a certified copy of the ordinance to the department of state revenue; and

(2)the increase applies to transactions after the last day of the month in which the ordinance is adopted, if the county fiscal body adopts the ordinance on or before the fifteenth day of a month. If the county fiscal body adopts the ordinance after the fifteenth day of a month, the tax applies to transaction

Free access — add to your briefcase to read the full text and ask questions with AI

5. (a) After June 30, 2023, the county fiscal
body may adopt an ordinance to increase the tax rate imposed under
section 1 of this chapter by not more than an additional five percent
(5%). If the county imposes the additional tax rate authorized by this
section, the additional tax rate terminates on July 1, 2050.
(b) If the county fiscal body adopts an ordinance under this section:
(1) it shall immediately send a certified copy of the ordinance to
the department of state revenue; and
(2) the increase applies to transactions after the last day of the
month in which the ordinance is adopted, if the county fiscal body
adopts the ordinance on or before the fifteenth day of a month. If
the county fiscal body adopts the ordinance after the fifteenth day
of a month, the tax applies to transactions after the last day of the
month following the month in which the ordinance is adopted.
The increase in the tax imposed under this section continues in effect
unless the increase is rescinded.
(c) The amounts received from an increase adopted under this
section shall be deposited in the Lake County convention and event
center reserve fund established by IC 36-7.5-7-10 to be used for the
purposes of the Lake County convention and event center reserve fund.
(d) This section expires July 1, 2050.