Sec. 8. Basis of Distribution and Use. The monies in the excise fund that is distributed to a county, city or town shall be distributed in direct proportion to the amount of retailer's or dealer's annual license fees paid in respect to licensed premises situated in a city or town, or situated within a county but outside the corporate limits of a city or town. The money distributed shall be credited to the general fund of the county, city or town and the funds shall be budgeted according to law.
[Pre-1973 Recodification Citation: 7-1-1-41(f).]
Formerly: Acts 1973, P.L.55, SEC.1.
Structure Indiana Code
Title 7.1. Alcohol and Tobacco
Chapter 9. Excise Fund Collections and Distributions
7.1-4-9-1. Collection of Annual License Fees
7.1-4-9-2. Collection of Deductions and Transfer Fees
7.1-4-9-3. Fees Deposited in Excise Fund and Enforcement and Administration Fund
7.1-4-9-4. Distribution to State General Fund
7.1-4-9-7. Distribution to Cities and Towns; Notice of Annexation
7.1-4-9-7.5. Deposit in Enforcement and Administration Fund
7.1-4-9-8. Basis of Distribution and Use