Indiana Code 6-9-38-27. Expiration of chapter

Sec. 27. (a) Subject to section 26 of this chapter, a tax authorized under this chapter expires on the later of:

(1) January 1, 2045; or

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Terms Used In Indiana Code 6-9-38-27

beverage: includes an alcoholic beverage. See Indiana Code 6-9-38-3
bonds: has the meaning set forth in IC 5-1-11-1. See Indiana Code 6-9-38-4
department: means the department of state revenue. See Indiana Code 6-9-38-5
food: includes any food product. See Indiana Code 6-9-38-7
Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). ^{Source: OCC}
unit: means :
Indiana Code 6-9-38-12

(2) the date on which all bonds or lease agreements outstanding on May 7, 2023, for which a pledge of tax revenue is made under this chapter are completely paid.

(b) Not later than December 31, 2023, the fiscal officer of the county and the fiscal officer of each unit that imposes a food and beverage tax under this chapter shall provide to the state board of accounts:

(1) a list of each bond or lease agreement outstanding on May 7, 2023, for which a pledge of tax revenue is made under this chapter; and

(2) the date on which each bond or lease agreement identified in subdivision (1) will be completely paid.

The information received under this subsection shall be published on the department of local government finance’s interactive and searchable website containing local government information (the Indiana gateway for governmental units).

As added by P.L.236-2023, SEC.102.

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