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IN HB1305
Bill
Status
1/12/2016
Primary Sponsor
Thomas Saunders
Click for details
AI Summary
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Rush County may adopt a county food and beverage excise tax between April 30, 2016 and November 1, 2016, with a maximum rate of 1% imposed in 0.25% increments.
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Tax revenue from a county-adopted tax shall be distributed 50% to Rush County and 50% to the city of Rushville, paid monthly by the state treasurer.
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If Rush County does not adopt the tax by November 1, 2016, the city of Rushville may adopt its own municipal food and beverage tax after October 31, 2016, also with a maximum rate of 1%.
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Tax revenue from a city-adopted tax shall be paid entirely to the city of Rushville.
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Revenue from either tax may be used for economic development, theater facility construction or renovation, public safety, parks and recreation, and pledging for bonds or other obligations related to these purposes.
Legislative Description
Rush County and Rushville food and beverage tax. Authorizes Rush County to adopt a county food and beverage tax after April 30, 2016, and before November 1, 2016. Provides that the tax rate may not exceed 1%. Provides that money received from the tax shall be distributed by the treasurer of state as follows: (1) 50% to the county. (2) 50% to the city of Rushville. Specifies that if Rush County does not adopt a food and beverage tax before November 1, 2016, the city of Rushville may adopt a municipal food and beverage tax after October 31, 2016. Provides
Last Action
First reading: referred to Committee on Ways and Means
1/12/2016