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Indiana Code — Title 6 (Taxation)

IC 6-9-42-7

City admissions tax fund; use of money in the fund

Official textiga.in.govlast amended

Sec. 7. (a) If a tax is imposed under this chapter, the city fiscal body shall establish a city admissions tax fund.

(b) The city fiscal officer shall deposit money received under section 6 of this chapter in the city admissions tax fund.

(c) Money earned from the investment of money in the city admissions tax fund becomes a part of the fund.

(d) Money in the city admissions tax fund may be used by the city only for the following:

# (1)

Costs to finance, construct, reconstruct, or improve:

# (A)

public thoroughfares or highways to improve ingress or egress to and from the complex;

# (B)

infrastructure, including water and wastewater improvements, serving the complex;

# (C)

the total cost of all land, rights-of-way, and other property to be acquired by the city for the complex; and

# (D)

site preparation, drainage, landscaping, and lighting.

# (2)

All reasonable and necessary architectural, engineering, legal, financing, accounting, advertising, bond discount, and supervisory expenses related to the acquisition and development of the property or the issuance of bonds.

# (3)

Payment of principal and interest on bonds issued, or lease rentals on leases entered into, by the city to finance the construction, reconstruction, or improvement identified under this subsection. Costs payable under this section include costs of capitalized interest and legal, accounting, and other costs incurred in the issuance of any bonds or the entering into of any leases.

# (4)

Payment of any access or connection fee imposed on the complex for access to the city's public sewer system, as long as the fee applies to all property owners served and is uniformly assessed within the city's corporate boundaries.
As added by P.L.182-2009(ss), SEC.262.

Amendment history

As added by P.L.182-2009(ss), SEC.262.

Source: view the official text

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Nearby sections (25 sections)
  1. 6-9-41-13 · Allocation of food and beverage taxes between county and…
  2. 6-9-41-14 · County food and beverage tax receipts fund; requirement to
  3. 6-9-41-15 · City food and beverage tax receipts fund; requirement to
  4. 6-9-41-15.5 · Failure to spend money from the fund as required;…
  5. 6-9-41-16 · Advisory commission
  6. 6-9-41-17 · Expiration of tax
  7. 6-9-42-1 · "Complex"
  8. 6-9-42-2 · Adoption of ordinance imposing the tax; application of tax
  9. 6-9-42-3 · "Paid admission"; tax rate
  10. 6-9-42-4 · Certification of ordinance imposing the tax to the city…
  11. 6-9-42-5 · Liability for tax
  12. 6-9-42-6 · Remitting of tax
  13. 6-9-42-7 · City admissions tax fund; use of money in the fund
  14. 6-9-42-8 · Additional uses of tax revenue; bonds; leases
  15. 6-9-42-9 · State board of accounts audit
  16. 6-9-42-10 · Covenant
  17. 6-9-43-1 · Applicability
  18. 6-9-43-2 · Applicable definitions
  19. 6-9-43-3 · Imposition of tax by ordinance
  20. 6-9-43-4 · Taxable transactions
  21. 6-9-43-5 · Tax rate
  22. 6-9-43-6 · Collection procedures
  23. 6-9-43-7 · Distribution of tax revenue
  24. 6-9-43-8 · Deposit of tax revenue
  25. 6-9-43-9 · Use of tax revenue
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