Introduced Version
SENATE BILL No. 390
_____
DIGEST OF INTRODUCED BILL
Citations Affected: IC 6-1.1-30; IC 6-9.
Synopsis: Food and beverage and innkeeper's taxes. Requires each
local unit that imposes an innkeeper's tax or food and beverage tax to
annually report information concerning distributions and expenditures
of amounts received from the innkeeper's tax or food and beverage tax.
Allows property owners or registered voters residing within a local unit
that imposes an innkeeper's tax or a food and beverage tax to petition
the department of local government finance (department) if the person
believes that the fiscal body of the local unit or other entity is not using
the innkeeper's tax or food and beverage tax revenue as statutorily
authorized. Requires the department to make a final determination on
a petition within 30 days. Specifies the consequences if the department
determines that a local unit or other entity used innkeeper's taxes or
food and beverage taxes for a purpose that is not consistent with the
statutorily authorized uses. Provides that food and beverage taxes
currently authorized under IC 6-9 and that do not otherwise contain an
expiration date shall expire on the later of: (1) January 1, 2029; or (2)
the date on which all bonds or lease agreements outstanding on July 1,
2022, are completely paid. Requires each local unit that imposes a food
and beverage tax that is subject to the expiration provision to provide
to the department a list of each bond or lease agreement outstanding on
July 1, 2022, and the date on which each will be completely paid.
Requires the department to publish the information on the gateway
Internet web site. Declares the intention of the general assembly to only
authorize local units to impose new food and beverage taxes based on
specified criteria.
Effective: Upon passage; July 1, 2022.
Gaskill
January 11, 2022, read first time and referred to Committee on Tax and Fiscal Policy.
2022 IN 390—LS 6928/DI 120 Introduced
Second Regular Session of the 122nd General Assembly (2022)
PRINTING CODE. Amendments: Whenever an existing statute (or a section of the Indiana
Constitution) is being amended, the text of the existing provision will appear in this style type,
additions will appear in this style type, and deletions will appear in this style type.
Additions: Whenever a new statutory provision is being enacted (or a new constitutional
provision adopted), the text of the new provision will appear in this style type. Also, the
word NEW will appear in that style type in the introductory clause of each SECTION that adds
a new provision to the Indiana Code or the Indiana Constitution.
Conflict reconciliation: Text in a statute in this style type or this style type reconciles conflicts
between statutes enacted by the 2021 Regular Session of the General Assembly.
SENATE BILL No. 390
A BILL FOR AN ACT to amend the Indiana Code concerning
taxation.
Be it enacted by the General Assembly of the State of Indiana:
1 SECTION 1. IC 6-1.1-30-18 IS ADDED TO THE INDIANA CODE
2 AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE
3 UPON PASSAGE]: Sec. 18. (a) Before October 1, 2022, and before
4 June 1 of every year thereafter, each local unit that imposes an
5 innkeeper's tax or a food and beverage tax under IC 6-9 shall
6 provide a report to the department of local government finance
7 that includes:
8 (1) every expenditure of funds by the local unit;
9 (2) each local governmental entity, or instrumentality of a
10 local governmental entity, that received a distribution; and
11 (3) every expenditure of funds by each local governmental
12 entity described in subdivision (2);
13 from amounts received from the innkeeper's tax or food and
14 beverage tax imposed by the local unit during the previous
15 calendar year.
16 (b) The report required under subsection (a) must include for
17 each expenditure, distribution, or payment:
2022 IN 390—LS 6928/DI 120 2
1 (1) the date and amount of the check, expenditure,
2 distribution, or payment;
3 (2) the payee or recipient;
4 (3) the specific purpose, including whether the check,
5 expenditure, distribution, or payment was for an employee
6 salary or a capital project; and
7 (4) if applicable, a description of the project for which the
8 check, expenditure, distribution, or payment was made.
9 (c) The report required under subsection (a) must be in a format
10 and on a form prescribed by the department of local government
11 finance.
12 (d) The department of local government finance shall post a
13 report received under subsection (a) on the department's computer
14 gateway.
15 SECTION 2. IC 6-1.1-30-19 IS ADDED TO THE INDIANA CODE
16 AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE
17 UPON PASSAGE]: Sec. 19. (a) If a person who owns property or is
18 a registered voter residing within a local unit that imposes an
19 innkeeper's tax or a food and beverage tax under IC 6-9 believes
20 that the fiscal body of the local unit or other entity is not using the
21 innkeeper's tax or food and beverage tax revenue as statutorily
22 authorized, the person may file a petition with the department of
23 local government finance objecting that the local unit or other
24 entity has used innkeeper's taxes or food and beverage taxes for a
25 purpose that is not consistent with the statutorily authorized uses
26 for the local unit or other entity. The department shall prescribe
27 the form of the petition.
28 (b) If the department of local government finance receives a
29 petition under this section, the department shall, not later than
30 thirty (30) days after receiving the petition, make a final
31 determination on the issue of whether the local unit or other entity
32 used innkeeper's taxes or food and beverage taxes for a purpose
33 that is not consistent with the statutorily authorized uses. If the
34 department of local government finance determines that a local
35 unit or other entity used innkeeper's taxes or food and beverage
36 taxes for a purpose that is not consistent with the statutorily
37 authorized uses:
38 (1) the local unit shall immediately stop collecting the
39 innkeeper's tax or food and beverage tax;
40 (2) the innkeeper's tax or food and beverage tax shall be
41 deemed expired on the date of the department's
42 determination; and
2022 IN 390—LS 6928/DI 120 3
1 (3) the local unit may not be reauthorized to impose an
2 innkeeper's tax or food and beverage tax under IC 6-9.
3 SECTION 3. IC 6-9-20-12 IS ADDED TO THE INDIANA CODE
4 AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JULY
5 1, 2022]: Sec. 12. (a) Subject to IC 6-1.1-30-19, the tax authorized
6 under this chapter expires on the later of:
7 (1) January 1, 2029; or
8 (2) the date on which all bonds or lease agreements
9 outstanding on July 1, 2022, for which a pledge of tax revenue
10 is made under this chapter are completely paid.
11 (b) Not later than December 31, 2022, the fiscal officer of the
12 county shall provide to the department of local government
13 finance:
14 (1) a list of each bond or lease agreement outstanding on July
15 1, 2022, for which a pledge of tax revenue is made under this
16 chapter; and
17 (2) the date on which each bond or lease agreement identified
18 in subdivision (1) will be completely paid.
19 The department of local government finance shall publish the
20 information received under this subsection on the department's
21 interactive and searchable Internet web site containing local
22 government information (the Indiana gateway for governmental
23 units).
24 SECTION 4. IC 6-9-21-10 IS ADDED TO THE INDIANA CODE
25 AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JULY
26 1, 2022]: Sec. 10. (a) Subject to IC 6-1.1-30-19, the tax authorized
27 under this chapter expires on the later of:
28 (1) January 1, 2029; or
29 (2) the date on which all bonds or lease agreements
30 outstanding on July 1, 2022, for which a pledge of tax revenue
31 is made under this chapter are completely paid.
32 (b) Not later than December 31, 2022, the fiscal officer of the
33 county shall provide to the department of local government
34 finance:
35 (1) a list of each bond or lease agreement outstanding on July
36 1, 2022, for which a pledge of tax revenue is made under this
37 chapter; and
38 (2) the date on which each bond or lease agreement identified
39 in subdivision (1) will be completely paid.
40 The department of local government finance shall publish the
41 information received under this subsection on the department's
42 interactive and searchable Internet web site containing local
2022 IN 390—LS 6928/DI 120 4
1 government information (the Indiana gateway for governmental
2 units).
3 SECTION 5. IC 6-9-25-16 IS ADDED TO THE INDIANA CODE
4 AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JULY
5 1, 2022]: Sec. 16. (a) Subject to section 3(d) of this chapter and
6 IC 6-1.1-30-19, the tax authorized under this chapter expires on the
7 later of:
8 (1) January 1, 2029; or
9 (2) the date on which all bonds or lease agreements
10 outstanding on July 1, 2022, for which a pledge of tax revenue
11 is made under this chapter are completely paid.
12 (b) Not later than December 31, 2022, the fiscal officer of the
13 county shall provide to the department of local government
14 finance:
15 (1) a list of each bond or lease agreement outstanding on July
16 1, 2022, for which a pledge of tax revenue is made under this
17 chapter; and
18 (2) the date on which each bond or lease agreement identified
19 in subdivision (1) will be completely paid.
20 The department of local government finance shall publish the
21 information received under this subsection on the department's
22 interactive and searchable Internet web site containing local
23 government information (the Indiana gateway for governmental
24 units).
25 SECTION 6. IC 6-9-26-17 IS ADDED TO THE INDIANA CODE
26 AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JULY
27 1, 2022]: Sec. 17. (a) Subject to IC 6-1.1-30-19, the tax authorized
28 under this chapter expires on the later of:
29 (1) January 1, 2029; or
30 (2) the date on which all bonds or lease agreements
31 outstanding on July 1, 2022, for which a pledge of tax revenue
32 is made under this chapter are completely paid.
33 (b) Not later than December 31, 2022, the fiscal officer of the
34 county shall provide to the department of local government
35 finance:
36 (1) a list of each bond or lease agreement outstanding on July
37 1, 2022, for which a pledge of tax revenue is made under this
38 chapter; and
39 (2) the date on which each bond or lease agreement identified
40 in subdivision (1) will be completely paid.
41 The department of local government finance shall publish the
42 information received under this subsection on the department's
2022 IN 390—LS 6928/DI 120 5
1 interactive and searchable Internet web site containing local
2 government information (the Indiana gateway for governmental
3 units).
4 SECTION 7. IC 6-9-27-11 IS ADDED TO THE INDIANA CODE
5 AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JULY
6 1, 2022]: Sec. 11. (a) Subject to IC 6-1.1-30-19, a tax authorized
7 under this chapter expires on the later of:
8 (1) January 1, 2029; or
9 (2) the date on which all bonds or lease agreements
10 outstanding on July 1, 2022, for which a pledge of tax revenue
11 is made under this chapter are completely paid.
12 (b) Not later than December 31, 2022, the fiscal officer of the
13 municipality shall provide to the department of local government
14 finance:
15 (1) a list of each bond or lease agreement outstanding on July
16 1, 2022, for which a pledge of tax revenue is made under this
17 chapter; and
18 (2) the date on which each bond or lease agreement identified
19 in subdivision (1) will be completely paid.
20 The department of local government finance shall publish the
21 information received under this subsection on the department's
22 interactive and searchable Internet web site containing local
23 government information (the Indiana gateway for governmental
24 units).
25 SECTION 8. IC 6-9-29.5-0.5 IS ADDED TO THE INDIANA
26 CODE AS A NEW SECTION TO READ AS FOLLOWS
27 [EFFECTIVE JULY 1, 2022]: Sec. 0.5. (a) As used in this section,
28 "local unit" means a county, city, or town.
29 (b) It is the declared intention of the general assembly to only
30 authorize a local unit to impose a new food and beverage tax under
31 this article based on the following criteria:
32 (1) Food and beverage tax revenue should only be used for
33 tourism or quality of life purposes, including but not limited
34 to:
35 (A) mixed use development projects;
36 (B) quality public spaces;
37 (C) broadband;
38 (D) multiple transportation options;
39 (E) multiple housing options;
40 (F) revitalization of historic, blighted, or vacant properties;
41 (G) arts, culture, and creativity; and
42 (H) recreation and green spaces.
2022 IN 390—LS 6928/DI 120 6
1 (2) The fiscal body of a local unit wishing to impose a new
2 food and beverage tax after June 30, 2022, must first adopt a
3 resolution requesting the general assembly to enact legislation
4 to authorize the food and beverage tax.
5 (3) The general assembly should give preference to requests
6 from local units in which the fiscal body of the local unit has
7 held a series of public hearings on the imposition of a new
8 food and beverage tax in the community before adopting the
9 resolution to request the general assembly to enact legislation
10 authorizing the tax under subdivision (2).
11 (4) Any new food and beverage tax authorized under this
12 article must, subject to IC 6-1.1-30-19, expire on January 1 of
13 the year following the seventh calendar year in which the food
14 and beverage tax is imposed during any part of the year.
15 (5) A local unit that imposes a new food and beverage tax
16 shall be subject to the reporting requirements set forth in
17 IC 6-1.1-30-18.
18 SECTION 9. IC 6-9-35-17 IS ADDED TO THE INDIANA CODE
19 AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JULY
20 1, 2022]: Sec. 17. (a) Subject to section 15(c) of this chapter and
21 IC 6-1.1-30-19, a tax authorized under this chapter expires on the
22 later of:
23 (1) January 1, 2029; or
24 (2) the date on which all bonds or lease agreements
25 outstanding on July 1, 2022, for which a pledge of tax revenue
26 is made under this chapter are completely paid.
27 (b) Not later than December 31, 2022, the fiscal officer of the
28 capital improvement board and each fiscal officer of a county or
29 municipality that imposes a food and beverage tax under this
30 chapter shall provide to the department of local government
31 finance:
32 (1) a list of each bond or lease agreement outstanding on July
33 1, 2022, for which a pledge of tax revenue is made under this
34 chapter; and
35 (2) the date on which each bond or lease agreement identified
36 in subdivision (1) will be completely paid.
37 The department of local government finance shall publish the
38 information received under this subsection on the department's
39 interactive and searchable Internet web site containing local
40 government information (the Indiana gateway for governmental
41 units).
42 SECTION 10. IC 6-9-36-9 IS ADDED TO THE INDIANA CODE
2022 IN 390—LS 6928/DI 120 7
1 AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JULY
2 1, 2022]: Sec. 9. (a) Subject to IC 6-1.1-30-19, a tax authorized
3 under this chapter expires on the later of:
4 (1) January 1, 2029; or
5 (2) the date on which all bonds or lease agreements
6 outstanding on July 1, 2022, for which a pledge of tax revenue
7 is made under this chapter are completely paid.
8 (b) Not later than December 31, 2022, each fiscal officer of a
9 county that imposes a food and beverage tax under this chapter
10 shall provide to the department of local government finance:
11 (1) a list of each bond or lease agreement outstanding on July
12 1, 2022, for which a pledge of tax revenue is made under this
13 chapter; and
14 (2) the date on which each bond or lease agreement identified
15 in subdivision (1) will be completely paid.
16 The department of local government finance shall publish the
17 information received under this subsection on the department's
18 interactive and searchable Internet web site containing local
19 government information (the Indiana gateway for governmental
20 units).
21 SECTION 11. IC 6-9-38-27 IS ADDED TO THE INDIANA CODE
22 AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JULY
23 1, 2022]: Sec. 27. (a) Subject to section 26 of this chapter and
24 IC 6-1.1-30-19, a tax authorized under this chapter expires on the
25 later of:
26 (1) January 1, 2029; or
27 (2) the date on which all bonds or lease agreements
28 outstanding on July 1, 2022, for which a pledge of tax revenue
29 is made under this chapter are completely paid.
30 (b) Not later than December 31, 2022, the fiscal officer of the
31 county and the fiscal officer of each unit that imposes a food and
32 beverage tax under this chapter shall provide to the department of
33 local government finance:
34 (1) a list of each bond or lease agreement outstanding on July
35 1, 2022, for which a pledge of tax revenue is made under this
36 chapter; and
37 (2) the date on which each bond or lease agreement identified
38 in subdivision (1) will be completely paid.
39 The department of local government finance shall publish the
40 information received under this subsection on the department's
41 interactive and searchable Internet web site containing local
42 government information (the Indiana gateway for governmental
2022 IN 390—LS 6928/DI 120 8
1 units).
2 SECTION 12. IC 6-9-40-12 IS ADDED TO THE INDIANA CODE
3 AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JULY
4 1, 2022]: Sec. 12. (a) Subject to IC 6-1.1-30-19, the tax authorized
5 under this chapter expires on the later of:
6 (1) January 1, 2029; or
7 (2) the date on which all bonds or lease agreements
8 outstanding on July 1, 2022, for which a pledge of tax revenue
9 is made under this chapter are completely paid.
10 (b) Not later than December 31, 2022, the fiscal officer of the
11 county and the fiscal officer of the city of Angola shall provide to
12 the department of local government finance:
13 (1) a list of each bond or lease agreement outstanding on July
14 1, 2022, for which a pledge of tax revenue is made under this
15 chapter; and
16 (2) the date on which each bond or lease agreement identified
17 in subdivision (1) will be completely paid.
18 The department of local government finance shall publish the
19 information received under this subsection on the department's
20 interactive and searchable Internet web site containing local
21 government information (the Indiana gateway for governmental
22 units).
23 SECTION 13. IC 6-9-41-17 IS ADDED TO THE INDIANA CODE
24 AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JULY
25 1, 2022]: Sec. 17. (a) Subject to IC 6-1.1-30-19, the tax authorized
26 under this chapter expires on the later of:
27 (1) January 1, 2029; or
28 (2) the date on which all bonds or lease agreements
29 outstanding on July 1, 2022, for which a pledge of tax revenue
30 is made under this chapter are completely paid.
31 (b) Not later than December 31, 2022, the fiscal officer of the
32 county and the fiscal officer of the city shall provide to the
33 department of local government finance:
34 (1) a list of each bond or lease agreement outstanding on July
35 1, 2022, for which a pledge of tax revenue is made under this
36 chapter; and
37 (2) the date on which each bond or lease agreement identified
38 in subdivision (1) will be completely paid.
39 The department of local government finance shall publish the
40 information received under this subsection on the department's
41 interactive and searchable Internet web site containing local
42 government information (the Indiana gateway for governmental
2022 IN 390—LS 6928/DI 120 9
1 units).
2 SECTION 14. IC 6-9-43-10 IS ADDED TO THE INDIANA CODE
3 AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JULY
4 1, 2022]: Sec. 10. (a) Subject to IC 6-1.1-30-19, the tax authorized
5 under this chapter expires on the later of:
6 (1) January 1, 2029; or
7 (2) the date on which all bonds or lease agreements
8 outstanding on July 1, 2022, for which a pledge of tax revenue
9 is made under this chapter are completely paid.
10 (b) Not later than December 31, 2022, the fiscal officer of the
11 town shall provide to the department of local government finance:
12 (1) a list of each bond or lease agreement outstanding on July
13 1, 2022, for which a pledge of tax revenue is made under this
14 chapter; and
15 (2) the date on which each bond or lease agreement identified
16 in subdivision (1) will be completely paid.
17 The department of local government finance shall publish the
18 information received under this subsection on the department's
19 interactive and searchable Internet web site containing local
20 government information (the Indiana gateway for governmental
21 units).
22 SECTION 15. IC 6-9-44-11 IS ADDED TO THE INDIANA CODE
23 AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JULY
24 1, 2022]: Sec. 11. (a) Subject to IC 6-1.1-30-19, the tax authorized
25 under this chapter expires on the later of:
26 (1) January 1, 2029; or
27 (2) the date on which all bonds or lease agreements
28 outstanding on July 1, 2022, for which a pledge of tax revenue
29 is made under this chapter are completely paid.
30 (b) Not later than December 31, 2022, the fiscal officer of the
31 town shall provide to the department of local government finance:
32 (1) a list of each bond or lease agreement outstanding on July
33 1, 2022, for which a pledge of tax revenue is made under this
34 chapter; and
35 (2) the date on which each bond or lease agreement identified
36 in subdivision (1) will be completely paid.
37 The department of local government finance shall publish the
38 information received under this subsection on the department's
39 interactive and searchable Internet web site containing local
40 government information (the Indiana gateway for governmental
41 units).
42 SECTION 16. IC 6-9-45-11 IS ADDED TO THE INDIANA CODE
2022 IN 390—LS 6928/DI 120 10
1 AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JULY
2 1, 2022]: Sec. 11. (a) Subject to IC 6-1.1-30-19, the tax authorized
3 under this chapter expires on the later of:
4 (1) January 1, 2029; or
5 (2) the date on which all bonds or lease agreements
6 outstanding on July 1, 2022, for which a pledge of tax revenue
7 is made under this chapter are completely paid.
8 (b) Not later than December 31, 2022, the fiscal officer of the
9 town shall provide to the department of local government finance:
10 (1) a list of each bond or lease agreement outstanding on July
11 1, 2022, for which a pledge of tax revenue is made under this
12 chapter; and
13 (2) the date on which each bond or lease agreement identified
14 in subdivision (1) will be completely paid.
15 The department of local government finance shall publish the
16 information received under this subsection on the department's
17 interactive and searchable Internet web site containing local
18 government information (the Indiana gateway for governmental
19 units).
20 SECTION 17. IC 6-9-45.5-14 IS ADDED TO THE INDIANA
21 CODE AS A NEW SECTION TO READ AS FOLLOWS
22 [EFFECTIVE JULY 1, 2022]: Sec. 14. (a) Subject to IC 6-1.1-30-19,
23 the tax authorized under this chapter expires on the later of:
24 (1) January 1, 2029; or
25 (2) the date on which all bonds or lease agreements
26 outstanding on July 1, 2022, for which a pledge of tax revenue
27 is made under this chapter are completely paid.
28 (b) Not later than December 31, 2022, the department of natural
29 resources and the fiscal officer of the historic hotel shall provide to
30 the department of local government finance:
31 (1) a list of each bond or lease agreement outstanding on July
32 1, 2022, for which a pledge of tax revenue is made under this
33 chapter; and
34 (2) the date on which each bond or lease agreement identified
35 in subdivision (1) will be completely paid.
36 The department of local government finance shall publish the
37 information received under this subsection on the department's
38 interactive and searchable Internet web site containing local
39 government information (the Indiana gateway for governmental
40 units).
41 SECTION 18. IC 6-9-47.5-11 IS ADDED TO THE INDIANA
42 CODE AS A NEW SECTION TO READ AS FOLLOWS
2022 IN 390—LS 6928/DI 120 11
1 [EFFECTIVE JULY 1, 2022]: Sec. 11. (a) Subject to IC 6-1.1-30-19,
2 the tax authorized under this chapter expires on the later of:
3 (1) January 1, 2029; or
4 (2) the date on which all bonds or lease agreements
5 outstanding on July 1, 2022, for which a pledge of tax revenue
6 is made under this chapter are completely paid.
7 (b) Not later than December 31, 2022, the fiscal officer of the
8 county shall provide to the department of local government
9 finance:
10 (1) a list of each bond or lease agreement outstanding on July
11 1, 2022, for which a pledge of tax revenue is made under this
12 chapter; and
13 (2) the date on which each bond or lease agreement identified
14 in subdivision (1) will be completely paid.
15 The department of local government finance shall publish the
16 information received under this subsection on the department's
17 interactive and searchable Internet web site containing local
18 government information (the Indiana gateway for governmental
19 units).
20 SECTION 19. IC 6-9-49-11 IS ADDED TO THE INDIANA CODE
21 AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JULY
22 1, 2022]: Sec. 11. (a) Subject to IC 6-1.1-30-19, the tax authorized
23 under this chapter expires on the later of:
24 (1) January 1, 2029; or
25 (2) the date on which all bonds or lease agreements
26 outstanding on July 1, 2022, for which a pledge of tax revenue
27 is made under this chapter are completely paid.
28 (b) Not later than December 31, 2022, the fiscal officer of the
29 city shall provide to the department of local government finance:
30 (1) a list of each bond or lease agreement outstanding on July
31 1, 2022, for which a pledge of tax revenue is made under this
32 chapter; and
33 (2) the date on which each bond or lease agreement identified
34 in subdivision (1) will be completely paid.
35 The department of local government finance shall publish the
36 information received under this subsection on the department's
37 interactive and searchable Internet web site containing local
38 government information (the Indiana gateway for governmental
39 units).
40 SECTION 20. IC 6-9-50-11 IS ADDED TO THE INDIANA CODE
41 AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JULY
42 1, 2022]: Sec. 11. (a) Subject to IC 6-1.1-30-19, the tax authorized
2022 IN 390—LS 6928/DI 120 12
1 under this chapter expires on the later of:
2 (1) January 1, 2029; or
3 (2) the date on which all bonds or lease agreements
4 outstanding on July 1, 2022, for which a pledge of tax revenue
5 is made under this chapter are completely paid.
6 (b) Not later than December 31, 2022, the fiscal officer of the
7 town shall provide to the department of local government finance:
8 (1) a list of each bond or lease agreement outstanding on July
9 1, 2022, for which a pledge of tax revenue is made under this
10 chapter; and
11 (2) the date on which each bond or lease agreement identified
12 in subdivision (1) will be completely paid.
13 The department of local government finance shall publish the
14 information received under this subsection on the department's
15 interactive and searchable Internet web site containing local
16 government information (the Indiana gateway for governmental
17 units).
18 SECTION 21. IC 6-9-51-11 IS ADDED TO THE INDIANA CODE
19 AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JULY
20 1, 2022]: Sec. 11. (a) Subject to IC 6-1.1-30-19, the tax authorized
21 under this chapter expires on the later of:
22 (1) January 1, 2029; or
23 (2) the date on which all bonds or lease agreements
24 outstanding on July 1, 2022, for which a pledge of tax revenue
25 is made under this chapter are completely paid.
26 (b) Not later than December 31, 2022, the fiscal officer of the
27 city shall provide to the department of local government finance:
28 (1) a list of each bond or lease agreement outstanding on July
29 1, 2022, for which a pledge of tax revenue is made under this
30 chapter; and
31 (2) the date on which each bond or lease agreement identified
32 in subdivision (1) will be completely paid.
33 The department of local government finance shall publish the
34 information received under this subsection on the department's
35 interactive and searchable Internet web site containing local
36 government information (the Indiana gateway for governmental
37 units).
38 SECTION 22. IC 6-9-52-11 IS ADDED TO THE INDIANA CODE
39 AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JULY
40 1, 2022]: Sec. 11. (a) Subject to IC 6-1.1-30-19, the tax authorized
41 under this chapter expires on:
42 (1) January 1, 2029; or
2022 IN 390—LS 6928/DI 120 13
1 (2) the date on which all bonds or lease agreements
2 outstanding on July 1, 2022, for which a pledge of tax revenue
3 is made under this chapter are completely paid.
4 (b) Not later than December 31, 2022, the fiscal officer of the
5 town shall provide to the department of local government finance:
6 (1) a list of each bond or lease agreement outstanding on July
7 1, 2022, for which a pledge of tax revenue is made under this
8 chapter; and
9 (2) the date on which each bond or lease agreement identified
10 in subdivision (1) will be completely paid.
11 The department of local government finance shall publish the
12 information received under this subsection on the department's
13 interactive and searchable Internet web site containing local
14 government information (the Indiana gateway for governmental
15 units).
16 SECTION 23. An emergency is declared for this act.
2022 IN 390—LS 6928/DI 120