Indiana Statutes

§ 4-31-9-1 — Withholdings

Indiana·Art. 31 PARI-MUTUEL WAGERING ON HORSE RACES·Ch. 9 Taxation and Distribution of Pari-Mutuel Revenues

A person that holds a permit to conduct a horse racing meeting or a license to operate a satellite facility shall withhold:

(1)eighteen percent (18%) of the total of money wagered on each day at the racetrack or satellite facility (including money wagered on exotic wagering pools, but excluding money wagered on gambling games under IC 4-35); plus
(2)an additional three and one-half percent (3.5%) of the total of all money wagered on exotic wagering pools on each day at the racetrack or satellite facility.

Free access — add to your briefcase to read the full text and ask questions with AI

Indiana § 4-31-9-1 (Withholdings) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

As added by P.L.341-1989(ss), SEC.2. Amended by P.L.24-1992, SEC.27; P.L.233-2007, SEC.10; P.L.255-2015, SEC.4.

Nearby Sections

15
View on official source ↗