Indiana § 4-31-9-3 Taxation of amount wagered each day; computation; distribution

Indiana Statutes

§ 4-31-9-3 — Taxation of amount wagered each day; computation; distribution

Indiana § 4-31-9-3

Art. 31PARI-MUTUEL WAGERING ON HORSE RACES

Ch. 9Taxation and Distribution of Pari-Mutuel Revenues

This text of Indiana § 4-31-9-3 (Taxation of amount wagered each day; computation; distribution) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 4-31-9-3 (2026).

Text

(a)At the close of each day on which a permit holder or satellite facility operator conducts pari-mutuel wagering on live racing or simulcasts at a racetrack or satellite facility, the permit holder or satellite facility operator shall pay to the department of state revenue a tax on the total amount of money wagered on that day as follows:

(1)Two percent (2%) of the total amount of money wagered under IC 4-31-7 at a permit holder's racetrack.

(2)Two and one-half percent (2.5%) of the total amount of money wagered under IC 4-31-5.5-6 at a permit holder's satellite facility.

(b)The taxes collected under subsection (a) shall be paid from the amounts withheld under section 1 of this chapter and shall be distributed as follows:

(1)The first one hundred fifty thousand dollars ($150,000) of

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(a) At the close of each day on which a permit
holder or satellite facility operator conducts pari-mutuel wagering on
live racing or simulcasts at a racetrack or satellite facility, the permit
holder or satellite facility operator shall pay to the department of state
revenue a tax on the total amount of money wagered on that day as
follows:
(1) Two percent (2%) of the total amount of money wagered
under IC 4-31-7 at a permit holder's racetrack.
(2) Two and one-half percent (2.5%) of the total amount of money
wagered under IC 4-31-5.5-6 at a permit holder's satellite facility.
(b) The taxes collected under subsection (a) shall be paid from the
amounts withheld under section 1 of this chapter and shall be
distributed as follows:
(1) The first one hundred fifty thousand dollars ($150,000) of
taxes collected during each state fiscal year shall be deposited in
the veterinary school research account established by IC 4-31-12-22.
(2) The remainder of the taxes collected during each state fiscal
year shall be paid into the Indiana horse racing commission
operating fund (IC 4-31-10).
(c) The tax imposed by this section is a listed tax for purposes of IC 6-8.1-1.
(d) The payment of the tax under this section must be reported and
remitted electronically through the department's online tax filing
program.

Legislative History

As added by P.L.341-1989(ss), SEC.2. Amended by P.L.24-1992, SEC.30; P.L.26-1996, SEC.1; P.L.186-2002, SEC.9; P.L.108-2019, SEC.70; P.L.165-2021, SEC.49; P.L.137-2022, SEC.3.