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IN HB1173
Bill
Status
1/9/2017
Primary Sponsor
Sean Eberhart
Click for details
AI Summary
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Authorizes the city of Shelbyville to adopt a municipal excise tax on food and beverage transactions, subject to a public hearing requirement before adoption.
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Tax rate may not exceed 1% of gross retail income from taxable food and beverage transactions, excluding state gross retail tax amounts.
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Applies to food or beverage furnished, prepared, or served for consumption at a merchant's location in the city, including heated foods, mixed ingredients, and items served with eating utensils.
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Tax revenue must be deposited in a food and beverage tax receipts fund and used exclusively for downtown area projects, parks and recreation projects, or pledging for bonds and leases for these purposes.
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Effective July 1, 2017; tax collected through the same process as state gross retail tax with monthly payments from state treasurer to city fiscal officer.
Legislative Description
Shelbyville food and beverage tax. Authorizes the city of Shelbyville to adopt a municipal food and beverage tax. Provides that the tax rate may not exceed 1%. Specifies the uses to which receipts from the food and beverage tax may be applied.
Last Action
First reading: referred to Committee on Ways and Means
1/9/2017