6-9-27-8.5. City food and beverage tax receipts fund

IN Code § 6-9-27-8.5 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

Sec. 8.5. (a) If a tax is imposed under section 3 of this chapter by a city described in section 1(6) of this chapter, the city fiscal officer shall establish a food and beverage tax receipts fund.

(b) The city fiscal officer shall deposit in this fund all amounts received under this chapter.

(c) Money earned from the investment of money in the fund becomes a part of the fund.

As added by P.L.214-2005, SEC.40.