Indiana § 6-9-44-9 Use of tax revenue

Indiana Statutes

§ 6-9-44-9 — Use of tax revenue

Indiana § 6-9-44-9

Art. 9INNKEEPER'S TAXES; OTHER LOCAL TAXES

Ch. 44City of Fishers Food and Beverage Tax

This text of Indiana § 6-9-44-9 (Use of tax revenue) 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 § 6-9-44-9 (2026).

Text

Money in the food and beverage tax receipts fund shall be used by the city:

(1)to reduce the city's property tax levy for a particular year at the discretion of the city, but this use does not reduce the maximum permissible ad valorem property tax levy under IC 6-1.1-18.5 for the city; or

(2)for economic development purposes, including the pledge of money under IC 5-1-14-4 for bonds, leases, or other obligations for economic development purposes. Revenue derived from the imposition of a tax under this chapter may be treated by the city as additional revenue for the purpose of fixing its budget for the budget year during which the revenues are to be distributed to the city.

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Money in the food and beverage tax receipts
fund shall be used by the city:
(1) to reduce the city's property tax levy for a particular year at the
discretion of the city, but this use does not reduce the maximum
permissible ad valorem property tax levy under IC 6-1.1-18.5 for
the city; or
(2) for economic development purposes, including the pledge of
money under IC 5-1-14-4 for bonds, leases, or other obligations
for economic development purposes.
Revenue derived from the imposition of a tax under this chapter may
be treated by the city as additional revenue for the purpose of fixing its
budget for the budget year during which the revenues are to be
distributed to the city.