§ 6-9-58-9 — Uses of revenue

Indiana § 6-9-58-9

• Jurisdiction: Indiana
• Art. 9: INNKEEPER'S TAXES; OTHER LOCAL TAXES
• Ch. 58: Hammond Food and Beverage Tax

Text

Money in the food and beverage tax receipts
fund must be used by the city only for the following purposes:
(1) Development related to the northern Indiana commuter
transportation district's construction of the West Lake Corridor
Commuter Rail Project.
(2) Development in the city's downtown area, including the
purchase of land for development in the city's downtown area.
(3) The expansion and improvement of the Hammond Sportsplex
and Community Center, including the purchase of land for the
expansion and improvement of the Hammond Sportsplex and
Community Center.
(4) The expansion and improvement of the Pavilion at Wolf Lake
Memorial Park, including the purchase of land for the expansion
and improvement of the Pavilion at Wolf Lake Memorial Park.
(5) The pledge of money under IC 5-1-14-4 for bonds, leases, or
other obligations incurred for a purpose described in subdivisions
(1) through (4).
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.

Legislative History

As added by P.L.137-2024, SEC.19.