HB 1293 Summary

• Increases the maximum innkeeper's tax rate in Vigo County from 5% to 8%, phased in over six years from 2013 to 2018.

• Tax rate schedule: 5% (pre-2013), 5.5% (2013), 6% (2014), 6.5% (2015), 7% (2016), 7.5% (2017), and 8% (2018 and thereafter).

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

• Applies to gross income from short-term lodging (less than 30 days) at hotels, motels, inns, tourist camps, and university facilities in Vigo County.

• Takes effect upon passage with an emergency declaration.