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Indiana Code — Title 6 (Taxation)

IC 6-9-2.5-7.5

Tourism capital improvement fund

Official textiga.in.govlast amended

Sec. 7.5. (a) The county treasurer shall establish a tourism capital improvement fund.

(b) The county treasurer shall deposit money in the tourism capital improvement fund as follows:

# (1)

Before January 1, 2026, the county treasurer shall deposit in the tourism capital

improvement fund the amount of money received under section 6 of this chapter that is generated by a three and one-half percent (3.5%) rate.

# (2)

After December 31, 2025, and before January 1, 2029, the county treasurer shall deposit in the tourism capital improvement fund the amount of money received under section 6 of this chapter that is generated by a three percent (3%) rate.

# (3)

After December 31, 2028, the county treasurer shall deposit in the tourism capital improvement fund the amount of money received under section 6 of this chapter that is generated by a four percent (4%) rate.

(c) The commission may transfer money in the tourism capital improvement fund to:

(1) the county government, a city government, or a separate body corporate and politic in a county described in section 1 of this chapter; or

(2) any Indiana nonprofit corporation;
for the purpose of making capital improvements in the county that promote conventions, tourism, or recreation. The commission may transfer money under this section only after approving the transfer. Transfers shall be made quarterly or less frequently under this section.
As added by P.L.49-1994, SEC.9. Amended by P.L.208-1999, SEC.2; P.L.178-2002, SEC.76; P.L.168-2005, SEC.9; P.L.224-2007, SEC.94; P.L.176-2009, SEC.6; P.L.190-2014, SEC.28; P.L.290-2019, SEC.3; P.L.230-2025, SEC.94.

Amendment history

As added by P.L.49-1994, SEC.9. Amended by P.L.208-1999, SEC.2; P.L.178-2002, SEC.76; P.L.168-2005, SEC.9; P.L.224-2007, SEC.94; P.L.176-2009, SEC.6; P.L.190-2014, SEC.28; P.L.290-2019, SEC.3; P.L.230-2025, SEC.94.

Source: view the official text

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Nearby sections (25 sections)
  1. 6-9-2-9 · Annual report regarding disposition of money collected;
  2. 6-9-2-10 · Insurance benefits for convention and visitors bureau
  3. 6-9-2-10.3 · Legalization of certain actions relating to insurance…
  4. 6-9-2-11 · Bureau treated as a political subdivision for certain…
  5. 6-9-2.5-1 · Application of chapter
  6. 6-9-2.5-1.1 · Definitions
  7. 6-9-2.5-2 · Convention and visitor commission; creation
  8. 6-9-2.5-3 · Powers and duties of commission
  9. 6-9-2.5-4 · Expenses of commission; budget; expenditures
  10. 6-9-2.5-5 · Report by not-for-profit corporations receiving funds…
  11. 6-9-2.5-6 · Tax on lodgings authorized; rate; collection
  12. 6-9-2.5-7 · Convention and visitor promotion fund
  13. 6-9-2.5-7.5 · Tourism capital improvement fund
  14. 6-9-2.5-7.7 · Convention center operating, capital improvement, and
  15. 6-9-2.5-8 · Unauthorized transfer and use of funds; offenses
  16. 6-9-2.5-9 · Buildings for public use
  17. 6-9-3-1 · Special funds board of managers; creation; members;
  18. 6-9-3-2 · Organizational meeting; election of officers; bylaws, rules,…
  19. 6-9-3-2.5 · Open door law; public records act
  20. 6-9-3-3 · Handling and expenditure of funds; audit
  21. 6-9-3-3.5 · Financial report; summary of board's activities
  22. 6-9-3-4 · Innkeeper's tax imposed; collection
  23. 6-9-3-5 · Disposition of tax revenues
  24. 6-9-3-6 · Capital development tourism fund; pledge of deposit to
  25. 6-9-3-7 · Failure to pay tax
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