Indiana § 6-9-55-9 Uses of revenue

Indiana Statutes

§ 6-9-55-9 — Uses of revenue

Indiana·Art. 9 INNKEEPER'S TAXES; OTHER LOCAL TAXES·Ch. 55 Jasper Food and Beverage Tax

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)Construction, renovation, improvement, equipping, or maintenance of city capital improvements.

(2)Financing, construction, improvement, equipping, operation, maintenance and promotion of the Jasper Community Wellness, Sports and Aquatic Center.

(3)The pledge of money under IC 5-1-14-4 for bonds, leases, or other obligations incurred for a purpose described in subdivisions

(1)and (2). 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 must be used by the city for one (1) or more of the following
purposes:
(1) Construction, renovation, improvement, equipping, or
maintenance of city capital improvements.
(2) Financing, construction, improvement, equipping, operation,
maintenance and promotion of the Jasper Community Wellness,
Sports and Aquatic Center.
(3) The pledge of money under IC 5-1-14-4 for bonds, leases, or
other obligations incurred for a purpose described in subdivisions
(1) and (2).
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.

Indiana § 6-9-55-9 (Uses of revenue) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.