SB 373 IN

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Establishes the Lake County convention and entertainment district fund (fund). Specifies permissible uses for money in the fund. Provides that the Northwest Indiana regional development authority (development authority) administers the fund. Requires the licensed owner of a riverboat operating in Vigo County to pay 0.5% of the riverboat's adjusted gross receipts in a year to the development authority for deposit in the fund for 10 years. Allows the Lake County fiscal body to adopt an increase in the county innkeeper's tax. Provides that part of the revenue from an increase in the county innkeeper's tax must be deposited in the fund. Authorizes the city of Gary to impose a food and beverage tax on transactions occurring in a specified area. Specifies the distribution of the revenue from the food and beverage tax. Allows the Lake County legislative body to adopt an ordinance establishing a convention and entertainment district development area (tax area). Requires the legislative body to make findings when adopting an ordinance. Requires the legislative body to submit an ordinance establishing a tax area to the budget committee and budget agency for review and approval. Allows a tax area to receive incremental state and local income tax revenue and incremental sales tax revenue attributable to the tax area. Provides that the revenue attributable to the tax area must be deposited in the fund. Limits the amount of incremental tax revenue that may be allocated to $8,000,000 per year. Provides that a tax area terminates not later than 20 years after incremental tax revenues are first allocated to the tax area. Changes population parameters to reflect the population count determined under the 2020 decennial census.

• Ed Charbonneau Republican · author
• Eddie Melton · author
• Ryan Mishler Republican · author

1. Jan 11, 2022 Authored by Senators Charbonneau and Melton · upper
2. Jan 11, 2022 First reading: referred to Committee on Appropriations · upper
3. Jan 11, 2022 Senator Mishler added as third author · upper
4. Jan 27, 2022 Senator Niemeyer added as coauthor · upper
5. Jan 27, 2022 Senator Randolph added as coauthor · upper

The published texts of this bill as it moves through the legislature. Each links to the official document on the state legislature site. Data from OpenStates.

• Introduced Senate Bill (S) · Jan 10, 2022 · PDF