HB1142

Indiana HB1142 establishes uniform food and beverage tax provisions for cities and counties.

Indiana HB1142 creates uniform food and beverage tax provisions for cities and counties not authorized to impose such taxes under other statutes. It outlines the adoption procedure, maximum tax rate, revenue uses, and duration of the tax. The tax applies to food or beverage transactions for consumption at a merchant's location or equipment, within the city or county, and for consideration. The tax rate must be in increments of 0.25% and cannot exceed 1%. Revenue can be used for capital improvements promoting economic development and related costs.