Indiana Code 6-9-41-15.5. Failure to spend money from the fund as required; ordinance voided; prohibited from adopting a new ordinance; distribution of unexpended money
(b) The ordinance adopted under section 5 of this chapter to impose the food and beverage tax is void and food and beverage tax revenue may not be collected after June 30, 2025. The county may not adopt a new ordinance under section 5 of this chapter after June 30, 2025.
Terms Used In Indiana Code 6-9-41-15.5
- city: means the city of Bloomington. See Indiana Code 6-9-41-3
- county: means Monroe County. See Indiana Code 6-9-41-4
- Property: includes personal and real property. See Indiana Code 1-1-4-5
(1) The:
(A) county treasurer shall certify to the county auditor the balance in the county food and beverage tax receipts fund; and
(B) city fiscal officer shall certify to the county auditor the balance in the city food and beverage tax receipts fund.
(2) After the county auditor receives the certified fund balances under subdivision (1), the county auditor shall distribute, before October 1, 2025, the money in each fund according to the ratio that the maximum permissible ad valorem property tax levy under IC 6-1.1-18.5 for property taxes first due and payable in 2025 for each taxing unit in the county bears to the sum of all maximum permissible ad valorem property tax levies under IC 6-1.1-18.5 for property tax first due and payable in 2025 in the county.
As added by P.L.236-2023, SEC.107.