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Indiana Code — Title 6 (Taxation)

IC 6-9-76-6

Tourism capital fund

Official textiga.in.govlast amended

Sec. 6. (a) If the county fiscal body adopts an ordinance to increase the tax rate to a rate that exceeds five percent (5%), the county treasurer shall establish a tourism capital fund. The county treasurer shall deposit in the tourism capital fund the amount of money received under section 3 of this chapter attributable to a tax rate that exceeds five percent (5%).

(b) The county auditor shall issue a warrant directing the county treasurer to transfer money from the tourism capital fund to the commission's treasurer if the commission submits a written request for the transfer.

(c) Money deposited in the tourism capital fund shall be transferred or expended only as provided in this section and may be used as follows:

# (1)

To fund a riverfront park and festival grounds.

# (2)

Economic development and tourism related purposes.

# (3)

The pledge of money under IC 5-1-14-4 for bonds, leases, or other obligations incurred for a purpose described in subdivisions (1) and (2).
As added by P.L.230-2025, SEC.125.

Amendment history

As added by P.L.230-2025, SEC.125.

Source: view the official text

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Nearby sections (25 sections)
  1. 6-9-75-4 · Tax rate
  2. 6-9-75-5 · Convention, visitor, and tourism promotion fund
  3. 6-9-75-6 · Commission
  4. 6-9-75-7 · Powers of commission
  5. 6-9-75-8 · Handling and expenditure of money by commission
  6. 6-9-75-9 · Unauthorized transfer; felony
  7. 6-9-75-10 · Termination and expiration
  8. 6-9-76-1 · Application
  9. 6-9-76-2 · Definitions
  10. 6-9-76-3 · Fiscal body ability to levy tax; categories of eligible
  11. 6-9-76-4 · Tax rate
  12. 6-9-76-5 · Convention, visitor, and tourism promotion fund
  13. 6-9-76-6 · Tourism capital fund
  14. 6-9-76-7 · Commission
  15. 6-9-76-8 · Powers of commission
  16. 6-9-76-9 · Handling and expenditure of money by commission
  17. 6-9-76-10 · Unauthorized transfer; felony
  18. 6-9-76-11 · Termination and expiration
  19. 6-9-77-1 · Application
  20. 6-9-77-2 · Application of definitions
  21. 6-9-77-3 · Fiscal body ability to adopt ordinance to impose tax
  22. 6-9-77-4 · Applicable transactions
  23. 6-9-77-5 · Tax rate
  24. 6-9-77-6 · Imposition, payment, and collection of tax
  25. 6-9-77-7 · Amounts received paid monthly to treasurer of state; warrants
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