Indiana Code — Title 6 (Taxation)
IC 6-9-41-15.5
Failure to spend money from the fund as required; ordinance
voided; prohibited from adopting a new ordinance;
distribution of unexpended money
Sec. 15.5. (a) This section applies only if the county and city do not spend money from the county or city food and beverage tax receipts fund as required by sections 14(c) and 15(c)
of this chapter.
(b) The ordinance adopted under section 5 of this chapter to impose the food and beverage tax is void and food and beverage tax revenue may not be collected after June 30,
2025. The county may not adopt a new ordinance under section 5 of this chapter after June 30, 2025.
(c) The following apply to the distribution of the unexpended money in the county food and beverage tax receipts fund and city food and beverage tax receipts fund:
# (1)
The:
# (A)
county treasurer shall certify to the county auditor the balance in the county food and beverage tax receipts fund; and
# (B)
city fiscal officer shall certify to the county auditor the balance in the city food and beverage tax receipts fund.
# (2)
After the county auditor receives the certified fund balances under subdivision (1), the county auditor shall distribute, before October 1, 2025, the money in each fund according to the ratio that the maximum permissible ad valorem property tax levy under IC 6-1.1-18.5 for property taxes first due and payable in 2025 for each taxing unit in the county bears to the sum of all maximum permissible ad valorem property tax levies under IC 6-1.1-18.5 for property tax first due and payable in 2025 in the county.
As added by P.L.236-2023, SEC.107.
Amendment history
As added by P.L.236-2023, SEC.107.
Source: view the official text
Nearby sections (25 sections)
- 6-9-41-4 · "County"
- 6-9-41-5 · Ordinance imposing tax
- 6-9-41-6 · Taxable transactions; exemption
- 6-9-41-7 · Rate of tax
- 6-9-41-8 · Collection of tax; returns
- 6-9-41-9 · Payment of tax to county treasurer
- 6-9-41-10 · State distribution to county treasurer
- 6-9-41-11 · County food and beverage tax receipts fund
- 6-9-41-12 · Bloomington food and beverage tax receipts fund
- 6-9-41-13 · Allocation of food and beverage taxes between county and…
- 6-9-41-14 · County food and beverage tax receipts fund; requirement to
- 6-9-41-15 · City food and beverage tax receipts fund; requirement to
- 6-9-41-15.5 · Failure to spend money from the fund as required;…
- 6-9-41-16 · Advisory commission
- 6-9-41-17 · Expiration of tax
- 6-9-42-1 · "Complex"
- 6-9-42-2 · Adoption of ordinance imposing the tax; application of tax
- 6-9-42-3 · "Paid admission"; tax rate
- 6-9-42-4 · Certification of ordinance imposing the tax to the city…
- 6-9-42-5 · Liability for tax
- 6-9-42-6 · Remitting of tax
- 6-9-42-7 · City admissions tax fund; use of money in the fund
- 6-9-42-8 · Additional uses of tax revenue; bonds; leases
- 6-9-42-9 · State board of accounts audit
- 6-9-42-10 · Covenant