Indiana Hotel and Car Rental Taxes Below Expectations

Indiana has so far collected slightly more than expected to pay for a new stadium and Indiana Convention Center expansion, but officials are closely monitoring the numbers to make sure the trend continues, according to The Indianapolis Star.

About $32.5 million has streamed in from Marion County and the suburbs during the past 11 months, about $500,000 more than projected, reports The Indianapolis Star.

However, some sources of revenues, such as hotel and rental car taxes in Marion County, are short of projections. While they were offset by strong restaurant taxes in surrounding counties, those sources need to pick up to meet growth assumptions factored into the financing plan, said Ryan Kitchell, the state's public finance director.

The stadium and Convention Center projects will primarily be paid for with increases in Marion County hotel (three percent), car rental (two percent) and food and beverage taxes (one percent), a new restaurant tax in six neighboring counties and an increase on tax charged on tickets at Colts, Pacers and Indians venues.

The project is also getting $20 from the sale of each Colts license plate sold. Officials hoped to raise $500,000 a year from the plates, but so far, fans haven't coughed up the extra money for the tags in great numbers.

Comment On This Story

Name:  
Email:  
Comment: (Max. 10000 characters)  
Please leave blank:
* Please note that every comment is moderated.

Newsletter: Sign up to receive latest news, articles, and much more.

Read the latest

Auto Focus Blog: A blog covering fleets, auto rental and the business of cars

Five Business Model Trends for 2017

As new forms of mobility take flight, the borders with traditional car rental are starting to erode.

Are Commercial Drone Deliveries Eminent in the U.S.?

Amazon just delivered its first package by drone in England. Will U.S. delivery fleets be able to take advantage soon?

Autonomous Vehicles and the Changing Role of the Fleet Manager

With fewer drivers and substantially longer fleet lifecycles, fleet managers will pivot to new job functions.

Job Finder: Access Top Talent. Fill Key Positions.