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House Bill 1604


House Bill 1604

ARCHIVE (2009)

Latest Information

 

DIGEST OF HB1604 (Updated April 15, 2009 1:26 pm - DI 84)


Local and state taxes. Permits the Marion County city-county council to increase: (1) the county supplemental auto rental excise tax from 4% to 6%; (2) the county admissions tax from 6% to 10%; and (3) the county innkeepers tax from 9% to 10%. Establishes a Marion County option to impose an off-premises alcoholic beverage tax at a rate not to exceed the state alcoholic beverage tax rate. Permits Indianapolis to impose a new commercial parking fee. Expires the tax increases and fee January 1, 2020. Deposits the revenue from these increases in a new sports and convention facilities operating fund for the Marion County capital improvement board of managers (Marion County CIB). Restricts the use of the new operating fund to paying usual and customary operating expenses that have a positive economic impact with respect to capital improvements operated by the Marion County CIB. Allows for an addition to the Marion County professional sports development area to include a hotel complex located within 0.5 miles from the Indiana Convention Center. Provides for the deposit of the state sales taxes from the additional area in the new Marion County CIB sports and convention facilities operating fund. Adds an offset to the captured taxes from the new tax area addition if local tax and fee revenue from the increases exceed $21,000,000. Eliminates the capture of state sales taxes in the tax area addition not later December 31, 2040. Requires the Marion County CIB to present a long range financial plan to the city-county council before January 1, 2010. Requires the state board of accounts to audit annually the accounts, books, and records of the Marion County capital improvement board. Requires the SBOA to do a financial and compliance audit of the capital improvement board. Requires the board to submit the SBOA reports to the Marion County legislative body. Requires the Marion County legislative body to review the SBOA reports at a public hearing. Requires the board to post its proposed budget, its adopted budget, and the SBOA reports on the internet. Requires the Marion County legislative body to approve the issuance of revenue and general obligation bonds by the capital improvement board. Removes the Marion County board of commissioners from the review and approval of general obligation bonds and adds a requirement for the mayor's approval. Adds two members to the Marion County CIB who are appointed by the governor. Requires one of these appointments to be a resident of a county (other than Marion County) that has a food and beverage tax in effect that provides revenue to the Indiana Stadium and Convention Building Authority. Permits Indianapolis to use parking meter revenue for costs associated with the acquisition, construction, renovation, operation, and maintenance of public infrastructure and improvements and securitize parking system revenues in the city. Changes the name of the Fort Wayne-Allen county convention and tourism authority to the Allen County-Fort Wayne capital improvement board of managers (Allen County-Fort Wayne CIB). Provides that any food and beverage tax revenue in Allen County that is received after December 31, 2009, and is not needed for debt payments is to be transferred to the Allen County-Fort Wayne CIB and may be used only for projects commenced after December 31, 2008, and not for operational expenses. Adds the facilities at the Indiana University-Purdue University at Fort Wayne campus to the Allen County professional sports development area. Raises the $5 per person state revenue cap for the Allen County and Fort Wayne professional sports development areas to $8 per person. Provides that the maximum amount of covered local and state taxes that may be captured in Allen County is $3,000,000. Provides that Allen County receives the first $2,600,000 of captured tax revenue each year for deposit in the supplemental coliseum expansion fund and the Allen County-Fort Wayne capital improvement board receives the remaining $400,000. Changes the allocation of excess Allen County food and beverage tax revenue so that the Allen County-Fort Wayne capital improvement board receives all the excess revenue. Provides that, after June 30, 2009, the Allen County-Fort Wayne CIB must approve any food and beverage tax pledge for bonds, loans, or leases. Requires the executive director of the Allen County Memorial Coliseum to file an annual report of operations with the Allen County-Fort Wayne CIB. Requires the executive manager of the Allen County-Fort Wayne CIB to file an annual report of operations with the Allen County-Fort Wayne CIB. Provides that the part of the Vanderburgh County innkeeper's tax rate that is dedicated to pay the operating expenses of a convention center is reduced from 2% to 1% after December 31, 2014 (rather than after December 31, 2009, under current law). Provides for a corresponding delay in the increase in the part of the Vanderburgh County innkeeper's tax rate that is deposited in the tourism capital improvement fund. Specifies that if the Vanderburgh County council adopts a resolution providing that the Vanderburgh County food and beverage tax should be continued to finance the acquisition, construction, and equipping of an arena and other facilities that serve or support the arena activities, any excess food and beverage tax revenue that is not needed to pay any bonds, leases, or other obligations for a convention center shall be transferred to the fiscal officer of Evansville for deposit in an Evansville arena fund. Provides that money in the Evansville arena fund shall be used for financing the acquisition, construction, and equipping of an arena and other facilities that serve or support the arena activities. Specifies that if the Vanderburgh County council adopts a resolution providing that the Vanderburgh County food and beverage tax should be continued to finance the acquisition, construction, and equipping of an arena and other facilities that serve or support the arena activities, the food and beverage tax: (1) does not terminate after the last of the bonds issued to finance improvements to the Vanderburgh County auditorium or auditorium renovations, and the last of any bonds issued to refund those bonds, have been completely paid; and (2) continues until the last of the bonds issued to finance the acquisition, construction, and equipping of the Evansville arena and other facilities that serve or support the arena activities, and the last of any bonds issued to refund those bonds, have been completely paid. Repeals superseded provisions of the Allen County food and beverage tax. Repeals provisions specifying that the amounts received from the Vanderburgh County food and beverage tax shall be used to pay bonds issued to finance the construction of an airport terminal. Permits Monroe County to impose a county food and beverage tax of 1% of the gross retail income received by a food and beverage merchant. Establishes a local advisory commission to assist and coordinate efforts of the county and city fiscal bodies regarding the utilization of food and beverage tax revenue. Eliminates the expiration date in the Martinsville food and beverage tax by which the city of Martinsville may initiate projects funded by food and beverage tax revenues. Permits Martinsville to fund sewer improvements with the Martinsville food and beverage tax. Makes an appropriation for the distribution of various local taxes and state sales tax in the additional Marion County professional sports development area.
Current Status:
 In Conference Committee
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