The Town Food and Beverage Tax imposed on a food or beverage transaction described in § 36.01 equals one percent (1%) of the gross retail income received by the merchant from the transaction. For purposes of this subchapter, the gross retail income received by the retail merchant from a transaction does not include the amount of tax imposed on the transaction under I.C. 6-2.5 et seq.
(`92 Code, § 4-186) (Ord. 95-24, passed 7-27-95)