[r65] Law signed allowing Nashville to use food and beverage taxes for infrastructure improvements (4/17/2013)

Wednesday, April 17, 2013

Start Date: 4/17/2013 Start Time: 10:00 AM
End Date: 4/17/2013 End Time: 10:00 AM

STATEHOUSE – State Representative Eric Koch (R-Bedford) authored legislation that would authorize the town of Nashville to use its food and beverage taxes to finance, construct, improve, equip, operate and maintain sidewalks and other streetscape improvements. The bill, House Enrolled Act (HEA) 1133, was signed into law this week by Governor Mike Pence.

“We are not increasing taxes or applying a new tax,” said Rep. Koch. “This new law simply gives Nashville the ability to appropriate funds collected on food and beverage taxes to improve and maintain its sidewalks and streetscapes.”

Under current law, the food and beverage tax revenue can only be used for public parking and restroom facilities. The law will not affect Nashville’s total food and beverage tax collections.

Nashville food and beverage tax revenue is deposited in the town’s Food and Beverage Tax Receipts Fund. Nashville’s current food and beverage tax rate is one percent of the price received by merchants from sales of food and beverages, and raised approximately $146,000 in CY 2012.

HEA 1133 was sponsored in the Senate by Sen. Brent Steele (R-Bedford). To stay up to date on bills as they move through the legislative process, visit www.in.gov/legislative.