Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Madison council opens public hearing on 1% food and beverage tax, estimates about $700,000 a year
Summary
City officials presented details of a proposed 1% local food and beverage tax at a public hearing Aug. 5, saying state law limits how revenue may be used and estimating roughly $700,000 in annual receipts, about one-third of which would come from visitors.
Madison city leaders opened a public hearing Aug. 5 on an ordinance to adopt a 1% food and beverage tax that would be collected on prepared food and beverages sold on city property and remitted through the Indiana Department of Revenue. Mayor Courtney and staff said the city would receive the collections and that state law limits the uses of the revenue to parks, economic development and tourism-related expenditures.
The tax, if adopted, would appear as a separate line item at point of sale, city staff said during the hearing. “The food and beverage tax is a 1% sales tax that's added to your food and drink purchases in certain places,” Mayor Courtney said during an overview to council before the hearing. Staff estimated the tax would generate about $700,000 a year; the city said roughly one-third of food-and-beverage spending in Madison is by visitors.
Why it matters: City…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
