Imposition of tax by ordinance
Sec. 3. (a) The fiscal body of the county may adopt an ordinance
to impose an excise tax, known as the county food and beverage tax,
on those transactions described in section 4 of this chapter.
(b) If a fiscal body adopts an ordinance under subsection (a), it
shall immediately send a certified copy of the ordinance to the
commissioner of the department of state revenue.
(c) If a fiscal body adopts an ordinance under subsection (a), the
county food and beverage tax applies to transactions that occur after
the last day of the month that succeeds the month in which the
ordinance was adopted.
(d) The tax terminates in a county on January 1 of the year
immediately following the year in which the last of the bonds issued
to finance the construction of an airport terminal and the last of any
bonds issued to refund those bonds have been completely paid as to
both principal and interest.
(e) Notwithstanding subsection (d), if the county fiscal body
determines that the tax under this chapter should be continued in
order to finance improvements to a county auditorium or auditorium
renovation resulting in a new convention center and related parking
facilities, the tax does not terminate as specified in subsection (d) but
instead continues until January 1 of the year following the year in
which the last of the bonds issued to finance improvements to a
county auditorium or auditorium renovation resulting in a new
convention center and related parking facilities, and the last of any
bonds issued to refund those bonds, have been completely paid or
defeased as to both principal and interest. An action to contest the
validity of the determination under this subsection must be instituted
not more than thirty (30) days after the determination.
As added by P.L.83-1985, SEC.1. Amended by P.L.28-1993, SEC.11;
P.L.99-1995, SEC.6; P.L.69-1996, SEC.1.
Last modified: May 28, 2006