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House Bill 1070


House Bill 1070

ARCHIVE (2013)

Latest Information

 

DIGEST OF HB 1070 (Updated April 16, 2013 5:24 pm - DI 84)


Local food and beverage taxes. Authorizes the Cloverdale town council to impose a 1% food and beverage tax on taxable food and beverage transactions in the town. Specifies the uses to which receipts from the food and beverage tax may be applied. Authorizes the Fishers town council to adopt, on or before December 31, 2013, an ordinance to impose a town food and beverage tax of not more than 1% on taxable food and beverage transactions in the town. Specifies that the revenue from the tax must be used to reduce the town's actual property tax levy (but not maximum permissible levy) or for economic development purposes, including the pledge of money to bonds, leases, or other obligations for economic development purposes.
Current Status:
 Law Enacted
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