Indiana Code 6-9-50-9. Uses of revenue
Current as of: 2023 | Check for updates
|
Other versions
Sec. 9. Money in the food and beverage tax receipts fund must be used by the town only for the following purposes:
(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.
(1) Parks, trails, and sidewalk, street, and parking improvements to support tourism in the town.
Terms Used In Indiana Code 6-9-50-9
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
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.