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Indiana Code — Title 6 (Taxation)

IC 6-9-59-9

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 only for 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)

To create new parks and amenities, and to expand and enhance existing parks and amenities.

# (4)

To upgrade, expand, and otherwise improve the town's water, sanitary sewer, and storm water utilities.
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.137-2024, SEC.20.

Amendment history

As added by P.L.137-2024, SEC.20.

Source: view the official text

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Nearby sections (25 sections)
  1. 6-9-58-8 · Food and beverage tax receipts fund
  2. 6-9-58-9 · Uses of revenue
  3. 6-9-58-10 · Covenant
  4. 6-9-58-11 · Expiration of tax
  5. 6-9-59-1 · Applicability
  6. 6-9-59-2 · Definitions
  7. 6-9-59-3 · Authorization to impose tax
  8. 6-9-59-4 · Food or beverage tax transactions to which tax applies
  9. 6-9-59-5 · Rate
  10. 6-9-59-6 · Applicability of state gross retail tax provisions
  11. 6-9-59-7 · Distribution
  12. 6-9-59-8 · Food and beverage tax receipts fund
  13. 6-9-59-9 · Uses of revenue
  14. 6-9-59-10 · Covenant
  15. 6-9-59-11 · Expiration of tax
  16. 6-9-60-1 · Application
  17. 6-9-60-2 · Definitions
  18. 6-9-60-3 · Fiscal body ability to levy tax; categories of eligible
  19. 6-9-60-4 · Tax rate
  20. 6-9-60-5 · Convention, visitor, and tourism promotion fund
  21. 6-9-60-6 · Commission
  22. 6-9-60-7 · Powers of commission
  23. 6-9-60-8 · Handling and expenditure of money by commission
  24. 6-9-60-9 · Unauthorized transfer; felony
  25. 6-9-60-10 · Termination and expiration
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