§ 6-9-41-15.5 — Failure to spend money from the fund as required; ordinance voided; prohibited from adopting a new ordinance; distribution of unexpended money

Indiana § 6-9-41-15.5

• Jurisdiction: Indiana
• Art. 9: INNKEEPER'S TAXES; OTHER LOCAL TAXES
• Ch. 41: Monroe County Food and Beverage Tax

Text

5. (a) This section applies only if the county
and city do not spend money from the county or city food and beverage
tax receipts fund as required by sections 14(c) and 15(c) of this chapter.
(b) The ordinance adopted under section 5 of this chapter to impose
the food and beverage tax is void and food and beverage tax revenue
may not be collected after June 30, 2025. The county may not adopt a
new ordinance under section 5 of this chapter after June 30, 2025.
(c) The following apply to the distribution of the unexpended money
in the county food and beverage tax receipts fund and city food and
beverage tax receipts fund:
(1) The:
(A) county treasurer shall certify to the county auditor the
balance in the county food and beverage tax receipts fund; and
(B) city fiscal officer shall certify to the county auditor the
balance in the city food and beverage tax receipts fund.
(2) After the county auditor receives the certified fund balances
under subdivision (1), the county auditor shall distribute, before
October 1, 2025, the money in each fund according to the ratio
that the maximum permissible ad valorem property tax levy under
IC 6-1.1-18.5 for property taxes first due and payable in 2025 for
each taxing unit in the county bears to the sum of all maximum
permissible ad valorem property tax levies under IC 6-1.1-18.5 for
property tax first due and payable in 2025 in the county.

Legislative History

As added by P.L.236-2023, SEC.107.