HB 1067 Summary

• Increases the maximum innkeeper's tax rate for Vigo County from 5% to 8% on lodging income from hotels, motels, inns, and similar accommodations with rental periods under 30 days.

• Phases in the tax increase over six years: 5.5% (2011), 6% (2012), 6.5% (2013), 7% (2014), 7.5% (2015), and 8% (2016 and thereafter).

• Exempts student lodging in university memorial unions and residence halls when students receive college credit from a state university located in the county.

• Allows the county council to choose whether tax reporting occurs through county treasurer forms with monthly payments or through the state gross retail tax system.

• Takes effect upon passage with an emergency declaration.