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Indiana Code — Title 6 (Taxation)

IC 6-9-35-14

Food and beverage tax fund; uses

Official textiga.in.govlast amended

Sec. 14. Money in the food and beverage tax fund shall be used by the county or municipality:

# (1)

to reduce the county's or municipality's property tax levy for a particular year at the discretion of the county or municipality, but this use does not reduce the maximum permissible levy under IC 6-1.1-18.5 for the county or municipality; or

# (2)

for any legal or corporate purpose of the county or municipality, including the pledge of money to bonds, leases, or other obligations under IC 5-1-14-4.
Revenue derived from the imposition of a tax under this chapter may be treated by a county or municipality as additional revenue for the purpose of fixing its budget for the budget year during which the revenues are to be distributed to the county or municipality.
As added by P.L.214-2005, SEC.44.

Amendment history

As added by P.L.214-2005, SEC.44.

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Nearby sections (25 sections)
  1. 6-9-35-2 · Application of definitions
  2. 6-9-35-3 · "Authority"
  3. 6-9-35-4 · "Capital improvement board"
  4. 6-9-35-5 · Imposition; deadline; rate; conditions; ordinance
  5. 6-9-35-6 · Transmission of ordinance to state
  6. 6-9-35-7 · Application to transactions
  7. 6-9-35-8 · Transactions taxed
  8. 6-9-35-9 · Transactions taxed
  9. 6-9-35-10 · Transactions exempt
  10. 6-9-35-11 · Collection and payment; returns
  11. 6-9-35-12 · Tax revenue distributions
  12. 6-9-35-13 · Food and beverage tax fund; deposits
  13. 6-9-35-14 · Food and beverage tax fund; uses
  14. 6-9-35-15 · Tax repeal; ordinance
  15. 6-9-35-16 · Payment of obligations; covenant with holders
  16. 6-9-36-1 · Application of chapter
  17. 6-9-36-2 · Application of definitions
  18. 6-9-36-3 · Imposition of tax; rescission of tax; ordinances;…
  19. 6-9-36-4 · Transactions taxed
  20. 6-9-36-5 · Transactions taxed
  21. 6-9-36-6 · Transactions exempt
  22. 6-9-36-7 · Collection and payment; returns
  23. 6-9-36-8 · Distribution of revenue
  24. 6-9-36-9 · Expiration of chapter
  25. 6-9-37-1 · Application of chapter; transition of fund, commission, and
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