§ 6-9-35-15 — Tax repeal; ordinance

Indiana § 6-9-35-15

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

Text

(a) If there are no obligations of the capital
improvement board described in section 12(a) of this chapter then
outstanding and there are no bonds, leases, or other obligations then
outstanding for which a pledge has been made under section 14 of this
chapter, the fiscal body may adopt an ordinance, after December 31,
2009, and before December 1, 2010, or any year thereafter, that repeals
the ordinance adopted under section 5 of this chapter.
(b) An ordinance adopted under subsection (a) takes effect January
1 immediately following the date of its adoption. If the fiscal body
adopts such an ordinance, the clerk shall immediately send a certified
copy of the ordinance to the commissioner of the department of state
revenue.
(c) A tax imposed under this chapter terminates on January 1 of the
year immediately following the year in which the last payment
obligation of the capital improvement board is made with respect to
any bond, lease, or other obligation described in section 12(a) of this
chapter that existed on July 1, 2006.

Legislative History

As added by P.L.214-2005, SEC.44.