Sec. 9. (a) If the county fiscal body adopts an ordinance to increase the county's innkeeper's tax rate to a rate that exceeds five percent (5%), the county treasurer shall establish a supplemental innkeeper's tax fund. The treasurer shall deposit in the fund all money received under section 6 of this chapter that is attributable to an innkeeper's tax rate that exceeds five percent (5%).
(b) Money in the fund may be used for any purpose that in the discretion of the county fiscal body promotes economic development in the county.
As added by P.L.214-2005, SEC.28.
Structure Indiana Code
Article 9. Innkeeper's Taxes; Other Local Taxes
Chapter 7. Tippecanoe County Innkeeper's Tax
6-9-7-1. Application of Chapter
6-9-7-2. Convention and Visitor Commission; Creation
6-9-7-3. Powers and Duties of Commission
6-9-7-4. Expenses of Commission; Budget; Expenditures
6-9-7-5. Report by Entity Receiving Funds
6-9-7-6. Tax on Lodgings Authorized; Collection
6-9-7-7. Innkeeper's Tax Fund; Expenditures; Advisory Commission; Bonding