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Indiana Code — Title 6 (Taxation)

IC 6-9-52-9

Uses of revenue

Official textiga.in.govlast amended

Sec. 9. Money in the food and beverage tax receipts fund must be used by the town for one (1) or more of the following purposes:

# (1)

To reduce the town's property tax levy for a particular year at the discretion of the town, but this use does not reduce the maximum permissible ad valorem property tax levy under IC 6-1.1-18.5 for 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.

# (3)

Construction, renovation, improvement, equipping, or maintenance of town capital improvements.

# (4)

Parks and recreation.

# (5)

The pledge of money under IC 5-1-14-4 for bonds, leases, or other obligations incurred for a purpose described in subdivisions (3) through (4).

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.15.

Amendment history

As added by P.L.290-2019, SEC.15.

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Nearby sections (25 sections)
  1. 6-9-51-8 · Food and beverage tax receipts fund
  2. 6-9-51-9 · Uses of revenue
  3. 6-9-51-10 · Covenant
  4. 6-9-51-11 · Expiration of tax
  5. 6-9-52-1 · Applicability
  6. 6-9-52-2 · Definitions
  7. 6-9-52-3 · Authorization to impose tax
  8. 6-9-52-4 · Food or beverage tax transactions to which tax applies
  9. 6-9-52-5 · Rate
  10. 6-9-52-6 · Applicability of state gross retail tax provisions
  11. 6-9-52-7 · Distribution
  12. 6-9-52-8 · Food and beverage tax receipts fund
  13. 6-9-52-9 · Uses of revenue
  14. 6-9-52-10 · Covenant
  15. 6-9-52-11 · Expiration of tax
  16. 6-9-53-1 · Application of chapter
  17. 6-9-53-2 · Definitions
  18. 6-9-53-3 · Authorization to impose tax; limitations
  19. 6-9-53-4 · Applicability of state gross retail tax provisions
  20. 6-9-53-5 · Distribution
  21. 6-9-53-6 · Convention, visitor, and tourism promotion fund
  22. 6-9-53-7 · Commission
  23. 6-9-53-8 · Commission; powers and duties
  24. 6-9-53-9 · Grouseland Foundation
  25. 6-9-53-10 · Handling of tax revenue
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