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Senate Bill 0574


 

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Senate Bill 0574

ARCHIVE (2005)

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DIGEST OF SB 574 (Updated April 29, 2005 11:56 am - DI 113)

Local taxes. Requires the Lake County convention and visitor bureau to establish an alternate revenue fund, into which the bureau may deposit all money (other than innkeeper's tax revenue) received by the bureau after June 30, 2005. Provides that the bureau is not required to submit a budget to the county council with respect to either the alternate revenue fund or the existing convention, tourism, and visitor promotion fund. Specifies that all members of the bureau serve for terms of three years. Legalizes and validates the participation of the employees of the bureau in insurance programs established by the Lake County government for the employees of the bureau. Provides that the amount of innkeeper's tax revenue deposited in the tourism capital improvement fund increases to the amount generated by a 2.5% innkeeper's tax rate in 2010 (rather than a 3.5% rate beginning in 2006). Extends the distribution of a portion of the Vanderburgh County innkeeper's tax to the convention center operating fund. Eliminates obsolete text in the Vanderburgh County innkeeper's tax law.
    Current Status:
     Law Enacted
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