Section 6-9-47.5-9 - Use of tax revenueMoney in the food and beverage tax receipts fund must be used by the county only for the following purposes:
(1) 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.(2) For the following purposes: (A) Storm water, sidewalk, street, park, and parking improvements necessary to support tourism in the county.(C) The pledge of money under IC 5-1-14-4 for bonds, leases, or other obligations incurred for a purpose described in clauses (A) through (B). Revenue derived from the imposition of a tax under this chapter may be treated by the county as additional revenue for the purpose of fixing its budget for the budget year during which the revenues are to be distributed to the county.
Added by P.L. 254-2015, SEC. 2, eff. 7/1/2015.