Taxes, registration fees, fines, and penalties collected; disposition
Sec. 28.1. The taxes, registration fees, fines, or penalties collected
under this chapter shall be deposited in the following manner:
(1) Six and six-tenths percent (6.6%) of the money shall be
deposited in a fund to be known as the cigarette tax fund.
(2) Ninety-four hundredths percent (0.94%) of the money shall
be deposited in a fund to be known as the mental health centers
fund.
(3) Eighty-three and ninety-seven hundredths percent (83.97%)
of the money shall be deposited in the state general fund.
(4) Eight and forty-nine hundredths percent (8.49%) of the
money shall be deposited into the pension relief fund
established in IC 5-10.3-11.
The money in the cigarette tax fund, the mental health centers fund,
or the pension relief fund at the end of a fiscal year does not revert
to the state general fund. However, if in any fiscal year, the amount
allocated to a fund under subdivision (1) or (2) is less than the
amount received in fiscal year 1977, then that fund shall be credited
with the difference between the amount allocated and the amount
received in fiscal year 1977, and the allocation for the fiscal year to
the fund under subdivision (3) shall be reduced by the amount of that
difference.
As added by Acts 1977, P.L.89, SEC.1. Amended by Acts 1977(ss),
P.L.9, SEC.4; Acts 1981, P.L.11, SEC.37; P.L.96-1987, SEC.3;
P.L.18-1994, SEC.39; P.L.192-2002(ss), SEC.137.
Last modified: May 28, 2006