Indiana Code Title 6. Taxation § 6-9-7-9

Sec. 9. (a) If the county fiscal body adopts an ordinance to increase the county's innkeeper's tax rate to a rate that exceeds five percent (5%), the county treasurer shall establish a supplemental innkeeper's tax fund.  The treasurer shall deposit in the fund all money received under section 6 of this chapter that is attributable to an innkeeper's tax rate that exceeds five percent (5%).

(b) Money in the fund may be used for any purpose that in the discretion of the county fiscal body promotes economic development in the county.