Indiana § 6-9-35-12 Tax revenue distributions

Indiana Statutes

§ 6-9-35-12 — Tax revenue distributions

Indiana·Art. 9 INNKEEPER'S TAXES; OTHER LOCAL TAXES·Ch. 35 Stadium and Convention Building Food and Beverage

(a)As long as there are any current or future obligations owed by the capital improvement board to the authority or any state agency under a lease or other agreement entered into between the capital improvement board and the authority or any state agency pursuant to IC 5-1-17-26, fifty percent (50%) of the amounts received from the taxes imposed under this chapter by counties shall be paid monthly by the county treasurer, if the tax is being paid to the county treasurer, to the treasurer of state. This amount plus fifty percent (50%) of the amounts received by the state from the taxes imposed under this chapter by counties shall be paid monthly by the treasurer of state to the treasurer of the capital improvement board or its designee upon warrants issued by the state comptroller. The rem

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(a) As long as there are any current or future
obligations owed by the capital improvement board to the authority or
any state agency under a lease or other agreement entered into between
the capital improvement board and the authority or any state agency
pursuant to IC 5-1-17-26, fifty percent (50%) of the amounts received
from the taxes imposed under this chapter by counties shall be paid
monthly by the county treasurer, if the tax is being paid to the county
treasurer, to the treasurer of state. This amount plus fifty percent (50%)
of the amounts received by the state from the taxes imposed under this
chapter by counties shall be paid monthly by the treasurer of state to
the treasurer of the capital improvement board or its designee upon
warrants issued by the state comptroller. The remainder that is received
by the state shall be paid monthly by the treasurer of state to the county
fiscal officer upon warrants issued by the state comptroller. In any state
fiscal year, if the total amount of the taxes imposed under this chapter
by all the counties and paid to the treasurer of the capital improvement
board or its designee under this subsection equals five million dollars
($5,000,000), the entire remainder of the taxes imposed by a county
under this chapter during that state fiscal year shall be retained by the
county treasurer or paid by the treasurer of state to the fiscal officer of
the county, upon warrants issued by the state comptroller.
(b) If there are then existing no obligations of the capital
improvement board described in subsection (a), the entire amount
received from the taxes imposed by a county under this chapter shall
be paid monthly by the treasurer of state to the county fiscal officer
upon warrants issued by the state comptroller.
(c) The entire amount of the taxes paid to the treasurer of the capital
improvement board or its designee under subsection (a) shall be
deposited in a special fund and used only for the payment or to secure
the payment of obligations of the capital improvement board described
in subsection (a). If the taxes are not used for the payment or to secure
the payment of obligations of the capital improvement board described
in subsection (a), the taxes shall be returned by the capital
improvement board to the treasurer of state who shall return the taxes
to the respective counties that contributed the taxes.
(d) The entire amount received from the taxes imposed by a
municipality under this chapter shall be paid monthly by the treasurer
of state to the municipality's fiscal officer upon warrants issued by the
state comptroller.