Uses of revenue

Official textiga.in.govlast amended 2019

Sec. 9. Money in the food and beverage tax receipts fund must be used by the town only for the following purposes:

# (1)

Parks, trails, and sidewalk, street, and parking improvements to support tourism in the town.

# (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 town as additional revenue for the purpose of fixing its budget for the budget year during which the revenues are to be distributed to the town.
As added by P.L.290-2019, SEC.13.

Amendment history

As added by P.L.290-2019, SEC.13.

Source: view the official text

Nearby sections (25 sections)

6-9-49-8 · Food and beverage tax receipts fund
6-9-49-9 · Uses of revenue
6-9-49-10 · Covenant
6-9-49-11 · Expiration of tax
6-9-50-1 · Applicability
6-9-50-2 · Definitions
6-9-50-3 · Authorization to impose tax
6-9-50-4 · Food or beverage transactions to which tax applies
6-9-50-5 · Rate
6-9-50-6 · Applicability of state gross retail tax provisions
6-9-50-7 · Distribution
6-9-50-8 · Food and beverage tax receipts fund
6-9-50-9 · Uses of revenue
6-9-50-10 · Covenant
6-9-50-11 · Expiration of tax
6-9-51-1 · Applicability
6-9-51-2 · Definitions
6-9-51-3 · Authorization to impose tax
6-9-51-4 · Food or beverage transactions to which tax applies
6-9-51-5 · Rate
6-9-51-6 · Applicability of state gross retail tax provisions
6-9-51-7 · Distribution
6-9-51-8 · Food and beverage tax receipts fund
6-9-51-9 · Uses of revenue
6-9-51-10 · Covenant

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