Indiana § 6-9-7-9 Supplemental innkeeper's tax fund; uses

Indiana Statutes

§ 6-9-7-9 — Supplemental innkeeper's tax fund; uses

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

(a)If the county fiscal body adopts an ordinance to increase the county's innkeeper's tax rate to a rate that exceeds five percent (5%), the county treasurer shall establish a supplemental innkeeper's tax fund. The treasurer shall deposit in the fund all money received under section 6 of this chapter that is attributable to an innkeeper's tax rate that exceeds five percent (5%).

(b)Money in the fund may be used for any purpose that in the discretion of the county fiscal body promotes economic development in the county.

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(a) If the county fiscal body adopts an ordinance
to increase the county's innkeeper's tax rate to a rate that exceeds five
percent (5%), the county treasurer shall establish a supplemental
innkeeper's tax fund. The treasurer shall deposit in the fund all money
received under section 6 of this chapter that is attributable to an
innkeeper's tax rate that exceeds five percent (5%).
(b) Money in the fund may be used for any purpose that in the
discretion of the county fiscal body promotes economic development
in the county.

Indiana § 6-9-7-9 (Supplemental innkeeper's tax fund; uses) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.