Tax rate; funding of convention and visitors bureau
Sec. 3. (a) The tax imposed by section 2 of this chapter shall be
at the rate of six percent (6%) on the gross income derived from
lodging income only.
(b) At least one-sixth (1/6) of the tax proceeds paid to the capital
improvement board of managers under this chapter must be used to
provide grants to the convention and visitor bureau in the county to be
used solely for the purpose of the development and promotion of the
tourism and convention industry within the county.
(c) The capital improvement board of managers may establish
budgetary requirements for the convention and visitors bureau. If the
convention and visitors bureau fails to conform, the board may elect
to suspend funding until the bureau complies.
As added by Acts 1980, P.L.8, SEC.62. Amended by Acts 1980,
P.L.63, SEC.1; P.L.86-1993, SEC.5; P.L.49-1994, SEC.10.
Last modified: May 28, 2006