Indiana Code — Title 6 (Taxation)
IC 6-9-2.5-7.7
Convention center operating, capital improvement, and
financial incentive fund
Sec. 7.7. (a) As used in this section, "fund" refers to the convention center operating, capital improvement, and financial incentive fund established under subsection (b).
(b) The county treasurer shall establish a convention center operating, capital improvement, and financial incentive fund.
(c) Before January 1, 2029, the county treasurer shall deposit in the fund the amount of money received under section 6 of this chapter that is generated by a two percent (2%) rate.
(d) After December 31, 2028, the county treasurer shall deposit in the fund the amount of money received under section 6 of this chapter that is generated by a one percent (1%) rate.
(e) Money in the fund may be expended only for the following:
# (1)
Operating expenses of a convention center located in the county.
# (2)
Capital improvements to a convention center located in the county.
# (3)
Financial incentives to attract, promote, or encourage new business conventions, trade shows, or special events held at a convention center located in the county.
(f) A financial incentive described in subsection (e)(3) may not be distributed to a new business for at least thirty (30) days after the conclusion of a convention, trade show, or special event that is held by the new business at a convention center located in the county.
As added by P.L.208-1999, SEC.3. Amended by P.L.168-2005, SEC.10; P.L.176-2009, SEC.7; P.L.190-2014, SEC.29; P.L.290-2019, SEC.4; P.L.230-2025, SEC.95.
Amendment history
As added by P.L.208-1999, SEC.3. Amended by P.L.168-2005, SEC.10; P.L.176-2009, SEC.7; P.L.190-2014, SEC.29; P.L.290-2019, SEC.4; P.L.230-2025, SEC.95.
Source: view the official text
Nearby sections (25 sections)
- 6-9-2-10 · Insurance benefits for convention and visitors bureau
- 6-9-2-10.3 · Legalization of certain actions relating to insurance…
- 6-9-2-11 · Bureau treated as a political subdivision for certain…
- 6-9-2.5-1 · Application of chapter
- 6-9-2.5-1.1 · Definitions
- 6-9-2.5-2 · Convention and visitor commission; creation
- 6-9-2.5-3 · Powers and duties of commission
- 6-9-2.5-4 · Expenses of commission; budget; expenditures
- 6-9-2.5-5 · Report by not-for-profit corporations receiving funds…
- 6-9-2.5-6 · Tax on lodgings authorized; rate; collection
- 6-9-2.5-7 · Convention and visitor promotion fund
- 6-9-2.5-7.5 · Tourism capital improvement fund
- 6-9-2.5-7.7 · Convention center operating, capital improvement, and
- 6-9-2.5-8 · Unauthorized transfer and use of funds; offenses
- 6-9-2.5-9 · Buildings for public use
- 6-9-3-1 · Special funds board of managers; creation; members;
- 6-9-3-2 · Organizational meeting; election of officers; bylaws, rules,…
- 6-9-3-2.5 · Open door law; public records act
- 6-9-3-3 · Handling and expenditure of funds; audit
- 6-9-3-3.5 · Financial report; summary of board's activities
- 6-9-3-4 · Innkeeper's tax imposed; collection
- 6-9-3-5 · Disposition of tax revenues
- 6-9-3-6 · Capital development tourism fund; pledge of deposit to
- 6-9-3-7 · Failure to pay tax
- 6-9-3-8 · Reports by entities receiving funds