(a) As used in this section, "acute care hospital" means an acute care hospital that is:
- (1) established and operated under IC 16-22-2 , IC 16-22-8 , or IC 16-23 ; and
- (2) licensed under IC 16-21 .
- (b) A county fiscal body may adopt an ordinance to impose a tax rate for acute care hospitals located in the county. The tax rate must be in increments of one-hundredth of one percent (0.01%) and may not exceed one-tenth of one percent (0.1%).
- (c) The revenue generated by a tax rate imposed under this section must be distributed directly to the county before the remainder of the expenditure rate revenue is distributed. The revenue shall be maintained in a separate dedicated county fund and used only for the operating expenses of the acute care hospital located in the county.
As added by P.L.137-2024, SEC.7.