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Creation of the Community Crossings Matching Grant Fund. A new non-reverting fund to be known as the Local Road and Bridge Matching Grant Fund (“Fund”), and which is to be given number 258, is now established. The Fund shall receive monies from the Local Road and Bridge Matching Grant Fund through INDOT as well as local match funds transferred from the State of Indiana’s LOIT Special Distribution Fund earmarked for local road improvements.
(Ord. 2016-22, passed 12-19-2016)
Fund established.
(A) A Public Safety LIT Fund (“Fund”) is hereby established. The town shall deposit in the fund revenue received from the public safety local income tax.
(B) The town shall use such revenues collected in the fund (if available) to pay expenses related public safety purposes.
(Ord. 2017-05, passed 4-10-2017)
FOOD AND BEVERAGE EXCISE TAX
(A) The Town Council hereby enacts and adopts the food and beverage tax established by I.C. 6-9-35 of 1% on all food or beverage transactions within the corporate limits of the town (except as provided in § 34.51 of this chapter) in which food or beverage is furnished, prepared or served:
(1) For consumption at a location, or on equipment, provided by a retail merchant;
(2) Within the corporate limits of the town; and
(3) By a retail merchant for consideration (“tax”).
(B) Transactions described in this section shall include transactions in which food or beverage is:
(1) Served by a retail merchant off the merchant’s premises;
(2) Sold in a heated state or heated by a retail merchant;
(3) Mixed or combined as two or more food ingredients by a retail merchant for sale as a single item (other than food that is only cut, repackaged or pasteurized by the seller, and eggs, fish, meat, poultry and foods containing these raw animal foods and requiring cooking by the consumer as recommended by the Federal Food and Drug Administration in Ch. 3, subpart 3-401.11, of its Food Code so as to prevent food borne illnesses); or
(4) Food sold with eating utensils provided by a retail merchant, including plates, knives, forks, spoons, glasses, cups, napkins or straws. For purposes of this division (B)(4), a plate does not include a container or packaging used to transport the food.
(1996 Code, Art. VIII, § 1) (Ord. 2005-14, passed - -; Ord. 2005-19, passed - -; Ord. 2007-11, passed - -)
The tax imposed by this subchapter does not apply to the furnishing, preparing or serving of any food or beverage in a transaction that is exempt, or to the extent such transaction is exempt, from the state gross retail tax set forth in I.C. 6-2-2.5, as amended.
(1996 Code, Art. VIII, § 2) (Ord. 2005-14, passed - -; Ord. 2005-19, passed - -; Ord. 2007-11, passed - -)
The Director of the Department of Finance and Records shall establish and maintain a Food and Beverage Tax Fund where the Director of the Department of Finance and Records shall deposit all amounts received by the town from the Food and Beverage Tax established by this subchapter, including, without limitation, any money earned from the investment of tax revenue in the Fund.
(Ord. 2023-26, passed 11-20-2023)
(A) As authorized by I.C. 6-9-35-14, money in the Food and Beverage Tax Fund shall be used by the town:
(1) To reduce the town's property tax levy for a particular year at the discretion of the Town Council which shall not reduce the maximum permissible levy under I.C. 6-1.1-18.5 for the town; or
(2) For any legal or corporate purpose of the town, including the pledge of money to bond, leases, or other obligations under I.C. 5-1-14-4.
(B) Revenue derived from the imposition of the Food and Beverage Tax may be treated by the town as additional revenue for the purpose of fixing its budget for the budget year during which the revenues are to be distributed to the town.
(Ord. 2023-26, passed 11-20-2023)
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