Bill > SB0252

This bill amends Indiana's innkeeper's tax statute to allow Boone County to increase its local lodging tax rate from 5% to 8%, with a specific sunset provision that will automatically revert the tax rate back to 5% on January 1, 2047. The tax applies to short-term rentals (less than 30 days) of accommodations such as hotels, motels, inns, college dormitories, and tourist cabins within the county. The bill specifies that the tax is imposed on gross rental income and is in addition to the state gross retail tax. Lodging for students in college residence halls and rentals lasting 30 days or more are exempt from the tax. The county fiscal body can adopt an ordinance requiring monthly tax payments to the county treasurer, and the tax will be administered similarly to the state gross retail tax, with provisions for collection, reporting, and penalties. The bill provides a clear timeline for the tax increase, allowing Boone County to generate additional local revenue from short-term lodging until the end of 2046.