Indiana § 6-9-50-9 Uses of revenue

Indiana Statutes

§ 6-9-50-9 — Uses of revenue

Indiana·Art. 9 INNKEEPER'S TAXES; OTHER LOCAL TAXES·Ch. 50 Danville Food and Beverage Tax

Money in the food and beverage tax receipts fund must be used by the town only for the following purposes:

(1)Parks, trails, and sidewalk, street, and parking improvements to support tourism in 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. 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.

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Money in the food and beverage tax receipts
fund must be used by the town only for the following purposes:
(1) Parks, trails, and sidewalk, street, and parking improvements
to support tourism in 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.
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.

Indiana § 6-9-50-9 (Uses of revenue) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.