Citations Affected: IC 6-9.
Synopsis: Innkeeper's taxes. Removes the restriction that the
maximum rate of the Howard County innkeeper's tax must decrease
from 5% to 4% after June 30, 2007, allowing the current maximum rate
of 5% to continue without a time limit. Extends the period of time from
December 2006 to December 2014 that a share of Tippecanoe County
innkeeper's tax revenue must be distributed as a grant to a nonprofit
corporation that leases land in Tippecanoe River state park for the
nonprofit corporation's use in noncapital projects in Tippecanoe River
state park.
Effective: July 1, 2006.
January 4, 2006, read first time and referred to Committee on Ways and Means.
January 19, 2006, reported _ Do Pass.
January 23, 2006, read second time, amended, ordered engrossed.
January 24, 2006, engrossed.
February 1, 2006, read third time, recommitteed to Committee of One; passed: Yeas 46,
nays 33.
A BILL FOR AN ACT to amend the Indiana Code concerning
taxation.
this subdivision shall be deposited in a special fund to be used to
service the bonds. During August 1999 the money that had been
set aside to cover bond payments that remains after the bonds
have been retired plus sixty percent (60%) of the tax revenue
during August 1999 through December 1999 shall be distributed
to the county treasurer to be used by the county park board,
subject to appropriation by the county fiscal body.
(2) To the commission for its general use in paying operating
expenses and to carry out the purposes set forth in section 3(a)(6)
of this chapter. However, the amount that may be distributed
under this subdivision during any particular year may not exceed
the proceeds derived from an innkeeper's tax of two percent (2%)
through December 1999 and fifty percent (50%) of the tax
revenue beginning January 2000 and continuing through
December 2014.
(3) For the period beginning July 1, 2002, through December
2014, fifty percent (50%) of the revenue to the county treasurer to
be credited by the treasurer to a special account. The county
treasurer shall distribute money in the special account as follows:
(A) Seventy-five percent (75%) of the money in the special
account shall be distributed to the department of natural
resources for the development of projects in the state park on
the county's largest river, including its tributaries.
(B) Twenty-five percent (25%) of the money in the special
account shall be distributed to a community development
corporation that serves a metropolitan area in the county that
includes:
(i) a city having a population of more than fifty-five
thousand (55,000) but less than fifty-nine thousand (59,000);
and
(ii) a city having a population of more than twenty-eight
thousand seven hundred (28,700) but less than twenty-nine
thousand (29,000);
for the community development corporation's use in tourism,
recreation, and economic development activities. For the
period beginning July 1, 2002, and continuing through
December 2006, December, 2014, the community
development corporation shall provide not less than forty
percent (40%) of the money received from the special account
under this clause as a grant to a nonprofit corporation that
leases land in the state park described in this subdivision for
the nonprofit corporation's use in noncapital projects in the
state park.
Money in the special account may not be used for any other purpose.
The money credited to the account that has not been used as specified
in this subdivision by January 1, 2015, shall be transferred to the
commission to be used to make grants as provided in subsection (c)(2).
(c) Money in the innkeeper's tax fund subject to appropriation by the
county council shall be allocated and distributed after December 2014
as follows:
(1) Fifty percent (50%) of the revenue to the commission for the
commission's general use in paying operating expenses and to
carry out the purposes set forth in section 3(a)(6) of this chapter.
(2) The remainder to the commission to be used solely to make
grants for the development of recreation and tourism projects. The
commission shall establish and make public the criteria that will
be used in analyzing and awarding grants. At least ten percent
(10%) but not more than fifteen percent (15%) of the grants may
be awarded for noncapital projects. Grants may be made only to
the following entities upon application by the executive of the
entity:
(A) The county for deposit in a special account.
(B) The most populated city in the county for deposit in a
special account.
(C) The second most populated city in the county for deposit
in a special account.
(D) The Tippecanoe County Wabash River parkway
commission, but only so long as the interlocal agreement
among the political subdivisions listed in clauses (A) through
(C) is in effect. Money received by the parkway commission
shall be segregated in a special account.
(d) Money credited to special accounts under subsection (c)(2) shall
be used only for recreation or tourism projects, or both.