Indiana § 4-32.3-5-3 Use and determination of net proceeds

Indiana Statutes

§ 4-32.3-5-3 — Use and determination of net proceeds

Indiana § 4-32.3-5-3

Art. 32.3CHARITY GAMING

Ch. 5Conduct of Allowable Activities

This text of Indiana § 4-32.3-5-3 (Use and determination of net proceeds) 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 § 4-32.3-5-3 (2026).

Text

(a)All net proceeds from an allowable activity and related activities may be used for any lawful purpose of the qualified organization.

(b)To determine the net proceeds from an allowable activity, a qualified organization shall subtract the following from the gross receipts received from the allowable activity:

(1)An amount equal to the total value of the prizes awarded at the allowable activity.

(2)The sum of the purchase prices paid for licensed supplies dispensed at the allowable activity.

(3)An amount equal to the qualified organization's license fees attributable to the allowable activity.

(4)An amount equal to the advertising expenses incurred by the qualified organization to promote the allowable activity.

(5)An amount not to exceed two hundred dollars ($200) per day for rent

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(a) All net proceeds from an allowable activity
and related activities may be used for any lawful purpose of the
qualified organization.
(b) To determine the net proceeds from an allowable activity, a
qualified organization shall subtract the following from the gross
receipts received from the allowable activity:
(1) An amount equal to the total value of the prizes awarded at the
allowable activity.
(2) The sum of the purchase prices paid for licensed supplies
dispensed at the allowable activity.
(3) An amount equal to the qualified organization's license fees
attributable to the allowable activity.
(4) An amount equal to the advertising expenses incurred by the
qualified organization to promote the allowable activity.
(5) An amount not to exceed two hundred dollars ($200) per day
for rent paid for facilities leased for an allowable activity.