§ 6-9-34-5 — City ticket tax fund; deposits of tax; uses

Indiana § 6-9-34-5

• Jurisdiction: Indiana
• Art. 9: INNKEEPER'S TAXES; OTHER LOCAL TAXES
• Ch. 34: Entertainment Facility Admissions Tax

Text

(a) If a tax is imposed under this chapter, the
city fiscal body shall establish a city ticket tax fund. The city fiscal
officer shall deposit money received under section 4 of this chapter in
the city ticket tax fund.
(b) Money earned from the investment of money in the fund
becomes a part of the fund.
(c) Money in the fund may be used by the city only for the
following:
(1) Costs to construct, reconstruct, or improve public
thoroughfares or highways to improve ingress or egress to and
from the facility.
(2) Payment of principal and interest on bonds issued, or lease
rentals on leases entered into, by the city to finance the
construction, reconstruction, or improvement of public
thoroughfares or highways under subdivision (1). Costs payable
under this subdivision include costs of capitalized interest and
legal, accounting, and other costs incurred in the issuance of any
bonds or the entering into of any leases.
(3) Payment of any access or connection fee imposed on the
facility for access to the city's public sewer system, as long as the
fee applies to all property owners served and is uniformly
assessed within the city's corporate boundaries.

Legislative History

As added by P.L.254-2003, SEC.13.