{"data":{"id":"us-in/ic-6-9-2.5-7.7","jurisdiction":"us-in","citation":"IC 6-9-2.5-7.7","heading":"Convention center operating, capital improvement, and financial incentive fund","body":"Sec. 7.7. (a) As used in this section, \"fund\" refers to the convention center operating, capital improvement, and financial incentive fund established under subsection (b).\n(b) The county treasurer shall establish a convention center operating, capital improvement, and financial incentive fund.\n(c) Before January 1, 2029, the county treasurer shall deposit in the fund the amount of money received under section 6 of this chapter that is generated by a two percent (2%) rate.\n(d) After December 31, 2028, the county treasurer shall deposit in the fund the amount of money received under section 6 of this chapter that is generated by a one percent (1%) rate.\n(e) Money in the fund may be expended only for the following:\n(1) Operating expenses of a convention center located in the county.\n(2) Capital improvements to a convention center located in the county.\n(3) Financial incentives to attract, promote, or encourage new business conventions, trade shows, or special events held at a convention center located in the county.\n(f) A financial incentive described in subsection (e)(3) may not be distributed to a new business for at least thirty (30) days after the conclusion of a convention, trade show, or special event that is held by the new business at a convention center located in the county.","path":["TITLE 6. TAXATION","ARTICLE 9. INNKEEPER'S TAXES; OTHER LOCAL TAXES","Chapter 2.5. Vanderburgh County Innkeeper's Tax"],"source_url":"https://iga.in.gov/ic/2026/Title_6.html#6-9-2.5-7.7","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-09T01:51:39Z","sha256":"f2ea7910f6a3e082ee92f2399168a80adba3a885f5078e1366b61d3393a8e174","source_id":"us-in","stale":false,"prev":"us-in/ic-6-9-2.5-7.5","next":"us-in/ic-6-9-2.5-8"},"notice":"GroundRules: Original legal text. Not legal advice."}