§ 6-9-74-4 — Tax rate

(a) After June 30, 2025, the county fiscal body
may adopt an ordinance to increase the tax rate imposed under section
3 of this chapter to a tax rate that exceeds five percent (5%) but does
not exceed eight percent (8%). If the county imposes a tax rate that
exceeds five percent (5%), the portion that exceeds five percent (5%)
terminates January 1, 2047.
(b) If the county fiscal body adopts an ordinance for an increase
under this section:
(1) it shall immediately send a certified copy of the ordinance to
the department of state revenue; and
(2) the increase applies to transactions after the last day of the
month in which the ordinance is adopted, if the county fiscal body
adopts the ordinance on or before the fifteenth day of a month. If
the county fiscal body adopts the ordinance after the fifteenth day
of a month, the tax applies to transactions after the last day of the
month following the month in which the ordinance is adopted.

Legislative History

As added by P.L.230-2025, SEC.123.