Rate of tax; ordinance
Sec. 3. (a) The fiscal body of the county may adopt an ordinance
no later than December 31, 1988, to impose an excise tax, known as
the county food and beverage tax, on those transactions described in
sections 6 and 7 of this chapter.
(b) The rate of the tax equals one percent (1%) of the gross retail
income on the transaction. For the purposes of this chapter, the gross
retail income received by the retail merchant from such a transaction
does not include the amount of tax imposed on the transaction under
IC 6-2.5.
As added by P.L.74-1988, SEC.2.
Last modified: May 28, 2006