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IN SB0395
Bill
Status
1/10/2018
Primary Sponsor
Ronald Grooms
Click for details
AI Summary
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Authorizes the town of Clarksville to adopt a local excise tax on food and beverages furnished, prepared, or served for consumption at a retail merchant's location within the town.
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Tax rate must be imposed in 0.25% increments and may not exceed 1% of gross retail income from qualifying food and beverage transactions.
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Tax is imposed, collected, and administered the same manner as the state gross retail tax under IC 6-2.5, with monthly payments to the town fiscal officer from the state treasurer.
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Revenue must be deposited in a dedicated food and beverage tax receipts fund and may be used for property tax levy reduction, economic development, capital improvements, public safety, parks and recreation, or pledged for bonds and obligations for those purposes.
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Fiscal body must hold at least one separate public hearing with the proposed tax as the only substantive agenda item before adopting an ordinance; tax applies to transactions occurring after the ordinance adoption or the last day of the following month, whichever is later.
Legislative Description
Clarksville food and beverage tax. Authorizes the town of Clarksville to adopt a town food and beverage tax. Provides that the tax rate may not exceed 1%. Provides that money received from the tax shall be distributed by the treasurer of state to the town of Clarksville. Specifies the uses to which receipts from the food and beverage tax may be applied.
Last Action
First reading: referred to Committee on Tax and Fiscal Policy
1/10/2018