Indiana Statutes
§ 6-9-52-9 — Uses of revenue
Money in the food and beverage tax receipts fund must be used by the town for one (1) or more of 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)Construction, renovation, improvement, equipping, or
maintenance of town 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
Free access — add to your briefcase to read the full text and ask questions with AI
Indiana § 6-9-52-9 (Uses of revenue) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
As added by P.L.290-2019, SEC.15.
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Repealed§ 6-1.1-1-14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"