Food and beverage tax fund; uses
Sec. 14. Money in the food and beverage tax fund shall be used by
the county or municipality:
(1) to reduce the county's or municipality's property tax levy for
a particular year at the discretion of the county or municipality,
but this use does not reduce the maximum permissible levy
under IC 6-1.1-18.5 for the county or municipality; or
(2) for any legal or corporate purpose of the county or
municipality, including the pledge of money to bonds, leases, or
other obligations under IC 5-1-14-4.
Revenue derived from the imposition of a tax under this chapter may
be treated by a county or municipality as additional revenue for the
purpose of fixing its budget for the budget year during which the
revenues are to be distributed to the county or municipality.
As added by P.L.214-2005, SEC.44.
Last modified: May 28, 2006