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IN HB1193
Bill
Status
1/10/2019
Primary Sponsor
Sheila Klinker
Click for details
AI Summary
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Authorizes Tippecanoe County to impose a food and beverage tax of up to 2% on prepared food and beverages sold for on-site consumption by retail merchants.
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Requires at least one dedicated public hearing before the county fiscal body can adopt the tax ordinance.
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All tax revenue must be deposited into a dedicated fund for exclusive use by the Wabash River Enhancement Corporation.
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Permitted uses of the funds are limited to land acquisition, removal of underground storage tanks, and restoration of land where tanks are removed.
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Effective date of July 1, 2019, with the tax applying to transactions occurring after the later of the date specified in the ordinance or the last day of the month following adoption.
Legislative Description
Tippecanoe County food and beverage tax. Authorizes Tippecanoe County to adopt an ordinance to impose a food and beverage tax. Provides that the county food and beverage tax may not exceed 2%. Specifies that food and beverage tax revenue must be used by the Wabash River Enhancement Corporation for the following purposes: (1) The acquisition of land. (2) The removal of underground storage tanks. (3) The restoration of the land from which underground storage tanks are removed.
Last Action
First reading: referred to Committee on Ways and Means
1/10/2019