Sec. 1. Except as provided in section 8(b) of this chapter, this chapter applies only to a city or a county without a consolidated city that has a professional sports franchise playing the majority of its home games in a facility owned by the city, the county, a school corporation, or a board under IC […]
Sec. 10. (a) A tax area must be established by resolution. A resolution establishing a tax area must provide for the allocation of covered taxes attributable to a taxable event or covered taxes earned in the tax area to the professional sports and convention development area fund established for the city or county. The allocation […]
Sec. 11. (a) Upon adoption of a resolution establishing a tax area under section 10 of this chapter, the designating body shall submit the resolution to the budget committee for review and recommendation to the budget agency. (b) Upon adoption of a resolution changing the boundaries of a tax area under section 10 of this […]
Sec. 12. (a) The budget agency must approve the resolution before covered taxes may be allocated under section 10 of this chapter. (b) When considering a resolution, the budget committee and the budget agency must make the following findings: (1) The cost of the facility and facility site specified under the resolution exceeds ten thousand […]
Sec. 13. (a) When the designating body adopts an allocation provision, the county auditor shall notify the department by certified mail of the adoption of the provision and shall include with the notification a complete list of the following: (1) Employers in the tax area. (2) Street names and the range of street numbers of […]
Sec. 14. If a tax area is established under section 10 of this chapter, a state fund known as the professional sports and convention development area fund is established for that tax area. The fund shall be administered by the department. Money in the fund does not revert to the state general fund at the […]
Sec. 15. Covered taxes attributable to a taxing area under section 10 of this chapter shall be deposited in the professional sports and convention development area fund. As added by P.L.255-1997(ss), SEC.20.
Sec. 16. On or before the twentieth day of each month, all amounts held in the professional sports and convention development area fund shall be distributed to the county treasurer. As added by P.L.255-1997(ss), SEC.20.
Sec. 17. The department shall notify the county auditor of the amount of taxes to be distributed to the county treasurer. For tax areas described in section 8(c) of this chapter, the department shall notify the county auditor of the amount of taxes to be distributed to each party to the agreement. The notice must […]
Sec. 18. All distributions from the professional sports and convention development area fund for the county shall be made by warrants issued by the auditor of state to the treasurer of state ordering those payments to the county treasurer. As added by P.L.255-1997(ss), SEC.20.
Sec. 19. The resolution establishing the tax area must designate the use of the funds. The funds are to be used only for the following: (1) Except in a tax area in: (A) the city of Fort Wayne; or (B) the city of Gary; a capital improvement that will construct or equip a facility owned […]
Sec. 2. As used in this chapter, “budget agency” means the budget agency established by IC 4-12-1. As added by P.L.255-1997(ss), SEC.20.
Sec. 20. The designating body shall repay to the professional sports development area fund any amount that is distributed to the designating body and used for: (1) a purpose that is not described in this chapter; or (2) a facility or facility site other than the facility and facility site to which covered taxes are […]
Sec. 21. This chapter expires December 31, 2041. As added by P.L.255-1997(ss), SEC.20. Amended by P.L.100-2014, SEC.4; P.L.79-2021, SEC.3.
Sec. 3. As used in this chapter, “budget committee” has the meaning set forth in IC 4-12-1-3. As added by P.L.255-1997(ss), SEC.20.
Sec. 4. As used in this chapter, “covered taxes” means the part of the following taxes attributable to the operation of a facility designated as part of a tax area under section 8 of this chapter: (1) The state gross retail tax imposed under IC 6-2.5-2-1 or use tax imposed under IC 6-2.5-3-2. (2) An […]
Sec. 5. As used in this chapter, “department” refers to the department of state revenue. As added by P.L.255-1997(ss), SEC.20.
Sec. 5.5. As used in this chapter, “designating body” means a: (1) city legislative body; or (2) county legislative body; that may establish a tax area under this chapter. As added by P.L.178-2002, SEC.125.
Sec. 6. As used in this chapter, “tax area” means a geographic area established as a professional sports and convention development area under section 10 of this chapter. As added by P.L.255-1997(ss), SEC.20.
Sec. 7. As used in this chapter, “taxpayer” means a person that is liable for a covered tax. As added by P.L.255-1997(ss), SEC.20.
