§ 4-31-9-5 — Taxation of amount collected for admission charge; distribution

Indiana § 4-31-9-5

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

Text

(a) At the close of each day on which
pari-mutuel wagering is conducted, each permit holder or satellite
facility operator shall pay to the department of state revenue a tax equal
to twenty cents ($0.20) for each person who paid an admission charge
for the privilege of entering the racetrack grounds or satellite facility on
that day. Separate computations shall be made of the number of patrons
at each location. If tickets are issued for more than one (1) day, the sum
of twenty cents ($0.20) shall be paid for each person using the ticket on
each day that it is used.
(b) Before the fifteenth day of each month, the taxes collected under
subsection (a) during the preceding month shall be distributed as
follows:
(1) Fifty percent (50%) of the taxes shall be distributed in equal
shares to the fiscal officers of:
(A) the city, if any;
(B) the town, if any; and
(C) the county;
in which the racetrack is located. The city, town, or county may
use this money as general fund operating revenues.
(2) Fifty percent (50%) of the taxes shall be deposited in the state
general fund.
(c) The tax imposed by this section is a listed tax for purposes of IC 6-8.1-1.

Legislative History

As added by P.L.341-1989(ss), SEC.2. Amended by P.L.24-1992, SEC.31.