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DIGEST OF HB 1025 (Updated March 14, 2006 3:00 pm - DI 113)
Innkeeper's taxes. Provides that the maximum rate of the Howard County innkeeper's tax is 5% until December 31, 2013, and decreases to 4% on January 1, 2014 (in current law the transition date is June 30, 2007). Extends the period of time from December 2006 to December 2012 that a share of Tippecanoe County innkeeper's tax revenue must be distributed as a grant to a nonprofit corporation that leases land in Prophetstown state park for the nonprofit corporation's use in noncapital projects in Prophetstown state park.