§ 4-32.3-6-7.5 — Three year charity gaming license; determination of adjusted gross revenue; annual fee schedule

Indiana § 4-32.3-6-7.5

• Jurisdiction: Indiana
• Art. 32.3: CHARITY GAMING
• Ch. 6: License Fees

Text

5. (a) This section applies only to a three (3)
year charity gaming license issued under IC 4-32.3-4-16.
(b) A qualified organization's adjusted gross revenue is an amount
equal to the difference between:
(1) the qualified organization's total gross revenue from allowable
activities conducted under the three (3) year charity gaming
license in the year prior to the annual anniversary date of the
issuance of the three (3) year charity gaming license; minus
(2) the sum of any amounts deducted under IC 4-32.3-5-3(b)(5)
with respect to the allowable events described in subdivision (1)
in the year prior to the annual anniversary date of the issuance of
the three (3) year charity gaming license.
(c) A qualified organization shall pay an annual fee determined
under this section before the annual anniversary date of the issuance of
the three (3) year charity gaming license, including a license issued
under IC 4-32.2-4 (repealed). The annual fee that is charged to a
qualified organization holding a three (3) year charity gaming license
is equal to the amount determined according to the following schedule
using the adjusted gross revenue of the qualified organization as
specified by subsection (b):

Legislative History

As added by P.L.58-2019, SEC.4.