Indiana Statutes
§ 6-9-51-9 — Uses of revenue
Money in the food and beverage tax receipts fund must be used by the city for one (1) or more of the following purposes:
(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.
(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)Construction, renovation, improvement, equipping, or
maintenance of city capital improvements.
(4)Parks and recreation.
(5)The pledge of money under IC 5-1-14-4 for bonds, leases, or
other obligations incurred for a purpose described in subdivisions
(3)through (4).
Revenue derived from the imposit
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Legislative History
As added by P.L.290-2019, SEC.14.
Nearby Sections
15
§ 6-1.1-1-1
Applicability§ 6-1.1-1-1.5
"Assessing official"§ 6-1.1-1-10
"Person"§ 6-1.1-1-11
"Personal property"§ 6-1.1-1-12
"Political subdivision"§ 6-1.1-1-13
Repealed§ 6-1.1-1-14
"Property taxation"§ 6-1.1-1-15
"Real property"§ 6-1.1-1-16
"School corporation"§ 6-1.1-1-17
"Special assessment"§ 6-1.1-1-18
"State agency"§ 6-1.1-1-19
"Tangible property"§ 6-1.1-1-2
"Assessment date"§ 6-1.1-1-20
"Taxing district"§ 6-1.1-1-21
"Taxing unit"