§ 6-9-45-9 — Use of tax revenue

Indiana § 6-9-45-9

• Jurisdiction: Indiana
• Art. 9: INNKEEPER'S TAXES; OTHER LOCAL TAXES
• Ch. 45: Rockville Food and Beverage Tax

Text

Money in the food and beverage tax receipts
fund must be used by the town only for the following purposes:
(1) To reduce the town's property tax levy for a particular year at
the discretion of the town, but this use does not reduce the
maximum permissible ad valorem property tax levy under IC 6-1.1-18.5 for the town.
(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.
(3) For the following purposes:
(A) Storm water, sidewalk, street, park, and parking
improvements necessary to support tourism in the town.
(B) Public safety.
(C) The pledge of money under IC 5-1-14-4 for bonds, leases,
or other obligations incurred for a purpose described in clauses
(A) through (B).
Revenue derived from the imposition of a tax under this chapter may
be treated by the town as additional revenue for the purpose of fixing
its budget for the budget year during which the revenues are to be
distributed to the town.

Legislative History

As added by P.L.254-2015, SEC.1.