Indiana Code — Title 6 (Taxation)
IC 6-9-3-5
Disposition of tax revenues
Sec. 5. (a) Seventy-five percent (75%) of the tax revenues received by the county treasurer as provided in section 4 of this chapter shall be deposited in the convention and exhibition center fund, which fund shall be expended by the board of managers to develop and promote a program to attract conventions and exhibitions.
(b) The county treasurer shall deposit twenty-five percent (25%) of the tax revenues he receives under section 4 of this chapter in a separate fund to be known as the capital development tourism fund. The board of managers may use money in the capital development tourism fund only to pay the principal and interest due on bonds issued by:
# (1)
one (1) of the counties described in section 1 of this chapter; or
# (2)
a political subdivision, as defined in IC 36-1-2-13, located in one (1) of those counties;
to finance a project to promote tourism or to refund bonds previously issued for such a purpose.
As added by Acts 1976, P.L.23, SEC.1. Amended by P.L.55-1984, SEC.3.
Amendment history
As added by Acts 1976, P.L.23, SEC.1. Amended by P.L.55-1984, SEC.3.
Source: view the official text
Nearby sections (25 sections)
- 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
- 6-9-4-0.3 · Legalization of pledges and mortgages of revenues before
- 6-9-4-1 · Application of chapter
- 6-9-4-2 · Convention and visitor commission; creation; membership
- 6-9-4-3 · Powers and duties of commission
- 6-9-4-4 · Expenses of commission; budget; expenditures
- 6-9-4-5 · Reports by not-for-profit corporations receiving funds
- 6-9-4-6 · Tax on lodgings authorized; collection
- 6-9-4-7 · Innkeeper's tax fund; expenditures
- 6-9-4-8 · Unauthorized transfer and use of funds; offenses