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Introduced House Bill (H)

Authored by

DIGEST

Vigo County food and beverage tax. Authorizes the county council of Vigo County to adopt a county food and beverage tax (tax). Provides that the tax rate may not exceed 1%. Specifies the revenue from the tax shall be distributed to the capital improvement board and may be used by the board only for the following purposes: (1) The acquisition, construction, improvement, maintenance, or financing of a convention center or a facility that is used or will be used principally for convention or tourism related events serving national or regional markets and is constructed after June 30, 2018. (2) A Vigo County food and beverage tax. Authorizes the county council of Vigo County to adopt a county food and beverage tax (tax). Provides that the tax rate may not exceed 1%. Specifies the revenue from the tax shall be distributed to the capital improvement board and may be used by the board only for the following purposes: (1) The acquisition, construction, improvement, maintenance, or financing of a convention center or a facility that is used or will be used principally for convention or tourism related events serving national or regional markets and is constructed after June 30, 2018. (2) A project or improvement that will be used after June 30, 2018, principally for tourism related events serving national or regional markets. (3) The payment of the principal and interest on bonds issued to finance these purposes. Specifies that the tax expires December 31, 2043. ... View more