Supplemental innkeeper's tax fund; uses
Sec. 9. (a) If the county fiscal body adopts an ordinance to
increase the county's innkeeper's tax rate to a rate that exceeds five
percent (5%), the county treasurer shall establish a supplemental
innkeeper's tax fund. The treasurer shall deposit in the fund all money
received under section 6 of this chapter that is attributable to an
innkeeper's tax rate that exceeds five percent (5%).
(b) Money in the fund may be used for any purpose that in the
discretion of the county fiscal body promotes economic development
in the county.
As added by P.L.214-2005, SEC.28.
Last modified: May 28, 2006