§ 6-9-7-7 — Innkeeper's tax fund; expenditures; advisory commission; bonding

Indiana § 6-9-7-7

• Jurisdiction: Indiana
• Art. 9: INNKEEPER'S TAXES; OTHER LOCAL TAXES
• Ch. 7: Tippecanoe County Innkeeper's Tax

Text

(a) The county treasurer shall establish an
innkeeper's tax fund. The treasurer shall deposit in that fund all money
received under section 6 of this chapter that is attributable to an
innkeeper's tax rate that is not more than five percent (5%).
(b) Money in the innkeeper's tax fund shall be distributed as
follows:
(1) Forty percent (40%) shall be distributed to the commission to
carry out its purposes, including making any distributions or
payments to the Lafayette - West Lafayette Convention and
Visitors Bureau, Inc.
(2) Ten percent (10%) shall be distributed to a community
development corporation that serves a metropolitan area in the
county that includes:
(A) Lafayette; and
(B) West Lafayette;
for the community development corporation's use in tourism,
recreation, and economic development activities.
(3) Ten percent (10%) shall be distributed to Historic
Prophetstown to be used by Historic Prophetstown for carrying
out its purposes.
(4) Ten percent (10%) shall be distributed to the Wabash River
Enhancement Corporation to assist the Wabash River
Enhancement Corporation in carrying out its purposes.
(5) The following amounts shall be distributed to the department
of natural resources for the development of projects in the state
park on the Wabash River, including its tributaries:
(A) For distributions in calendar year 2023, ten percent (10%).
(B) For distributions in calendar year 2024, nine percent (9%).
(C) For distributions in calendar year 2025, eight percent (8%).
(D) For distributions in calendar year 2026, seven percent (7%).
(E) For distributions in calendar year 2027, six percent (6%).
(F) For distributions in calendar year 2028, five percent (5%).
(G) For distributions in calendar year 2029, four percent (4%).
(H) For distributions in calendar year 2030, three percent (3%).
(I) For distributions in calendar year 2031, two percent (2%).
(J) For distributions in calendar year 2032, one percent (1%).
(K) For distributions after calendar year 2032, zero percent
(0%).
The department of natural resources is not required to provide
additional state resources to the state park described in this
subdivision as a result of the reduction of revenue set forth in this
subdivision.
(6) The following amounts shall be distributed to the county fiscal
body for the purposes set forth in subsection (c):
(A) For distributions in calendar year 2023, zero percent (0%).
(B) For distributions in calendar year 2024, one percent (1%).
(C) For distributions in calendar year 2025, two percent (2%).
(D) For distributions in calendar year 2026, three percent (3%).
(E) For distributions in calendar year 2027, four percent (4%).
(F) For distributions in calendar year 2028, five percent (5%).
(G) For distributions in calendar year 2029, six percent (6%).
(H) For distributions in calendar year 2030, seven percent (7%).
(I) For distributions in calendar year 2031, eight percent (8%).
(J) For distributions in calendar year 2032, nine percent (9%).
(K) For distributions after calendar year 2032, ten percent
(10%).
(7) Twenty percent (20%) shall be distributed as determined by
the county fiscal body.
(c) Amounts distributed to the county fiscal body under subsection
(b)(6) may only be used for tourism or quality of life purposes,
including:
(1) mixed use development projects;
(2) quality public spaces;
(3) multiple transportation options;
(4) multiple housing options;
(5) revitalization of historic, blighted, or vacant properties;
(6) arts, culture, and creativity; and
(7) recreation and green spaces.
(d) An advisory commission consisting of the following members
is established:
(1) The director of the department of natural resources or the
director's designee.
(2) The public finance director or the public finance director's
designee.
(3) A member appointed by the Native American Indian affairs
commission.
(4) A member appointed by Historic Prophetstown.
(5) A member appointed by the community development
corporation described in subsection (b)(2).
(6) A member appointed by the Wabash River Enhancement
Corporation.
(7) A member appointed by the commission.
(8) A member appointed by the county fiscal body.
(9) A member appointed by the town board of the town of
Battleground.
(10) A member appointed by the mayor of the city of Lafayette.
(11) A member appointed by the mayor of the city of West
Lafayette.
(e) The following apply to the advisory commission:
(1) The governor shall appoint a member of the advisory
commission as chairman of the advisory commission.
(2) Six (6) members of the advisory commission constitute a
quorum. The affirmative votes of at least six (6) advisory
commission members are necessary for the advisory commission
to take official action other than to adjourn or to meet to hear
reports or testimony.
(3) The advisory commission shall make recommendations
concerning the use of any proceeds of bonds issued to finance the
development of Prophetstown State Park.
(4) Members of the advisory commission who are state
employees:
(A) are not entitled to any salary per diem; and
(B) are entitled to reimbursement for traveling expenses as
provided under IC 4-13-1-4 and to reimbursement for other
expenses actually incurred in connection with the member's
duties as provided in the state policies and procedures
established by the Indiana department of administration and
approved by the budget agency.
(f) The Indiana finance authority may issue bonds for the
development of Prophetstown State Park under IC 5-1.2-6.
As added by Acts 1978, P.L.50, SEC.1. Amended by
P.L.74-1986, SEC.5; P.L.85-1993, SEC.4; P.L.178-2002, SEC.77;
P.L.214-2005, SEC.27; P.L.167-2006, SEC.1; P.L.96-2008, SEC.2;
P.L.1-2009, SEC.60; P.L.172-2011, SEC.100; P.L.229-2011, SEC.96;
P.L.6-2012, SEC.59; P.L.189-2018, SEC.62; P.L.122-2021, SEC.1;
P.L.104-2022, SEC.35; P.L.236-2023, SEC.93.