Indiana Code — Title 6 (Taxation)
IC 6-9-44-9
Use of tax revenue
Sec. 9. Money in the food and beverage tax receipts fund shall be used by the city:
# (1)
to reduce the city's property tax levy for a particular year at the discretion of the city, but this use does not reduce the maximum permissible ad valorem property tax levy under IC 6-1.1-18.5 for the city; or
# (2)
for economic development purposes, including the pledge of money under
IC 5-1-14-4 for bonds, leases, or other obligations for economic development purposes.
Revenue derived from the imposition of a tax under this chapter may be treated by the city as additional revenue for the purpose of fixing its budget for the budget year during which the revenues are to be distributed to the city.
As added by P.L.157-2013, SEC.2. Amended by P.L.137-2022, SEC.99.
Amendment history
As added by P.L.157-2013, SEC.2. Amended by P.L.137-2022, SEC.99.
Source: view the official text
Nearby sections (25 sections)
- 6-9-43-7 · Distribution of tax revenue
- 6-9-43-8 · Deposit of tax revenue
- 6-9-43-9 · Use of tax revenue
- 6-9-43-10 · Expiration of tax
- 6-9-44-1 · Applicability
- 6-9-44-2 · Applicable definitions
- 6-9-44-3 · Imposition of tax by ordinance; separate hearing
- 6-9-44-4 · Taxable transactions
- 6-9-44-5 · Tax rate
- 6-9-44-6 · Collection procedures
- 6-9-44-7 · Distribution of tax revenue
- 6-9-44-8 · Deposit of tax revenue
- 6-9-44-9 · Use of tax revenue
- 6-9-44-10 · Covenants
- 6-9-44-11 · Expiration of tax
- 6-9-45-1 · Applicability
- 6-9-45-2 · Applicable definitions
- 6-9-45-3 · Imposition of tax by ordinance; separate hearing
- 6-9-45-4 · Taxable transactions
- 6-9-45-5 · Tax rate
- 6-9-45-6 · Collection procedures
- 6-9-45-7 · Distribution of tax revenue
- 6-9-45-8 · Deposit of tax revenue
- 6-9-45-9 · Use of tax revenue
- 6-9-45-10 · Covenants