Indiana § 4-33-12-0.7 Taxation of adjusted gross receipts of Gary riverboats

Indiana Statutes

§ 4-33-12-0.7 — Taxation of adjusted gross receipts of Gary riverboats

Indiana § 4-33-12-0.7

Art. 33RIVERBOAT GAMBLING

Ch. 12Admission Taxes

This text of Indiana § 4-33-12-0.7 (Taxation of adjusted gross receipts of Gary riverboats) 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 § 4-33-12-0.7 (2026).

Text

7.

(a)This section applies only to a licensed owner described in IC 4-33-6-1(a)(1).

(b)Adjusted gross receipts received by two (2) riverboats operated by the licensed owner in accordance with IC 4-33-6-1(d) must be taxed separately under this chapter regardless of the fact that the riverboats are operated under a single license.

(c)This subsection applies to a state fiscal year ending before July 1, 2025. Beginning on the day that the licensed owner begins gaming operations at a new riverboat sited at a location approved under IC 4-33-6-4.5, the adjusted gross receipts received by the riverboat must be taxed under this chapter as if the adjusted gross receipts were received from two (2) riverboats. The licensed owner shall allocate the adjusted gross receipts received by the riverboat i

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7. (a) This section applies only to a licensed
owner described in IC 4-33-6-1(a)(1).
(b) Adjusted gross receipts received by two (2) riverboats operated
by the licensed owner in accordance with IC 4-33-6-1(d) must be taxed
separately under this chapter regardless of the fact that the riverboats
are operated under a single license.
(c) This subsection applies to a state fiscal year ending before July
1, 2025. Beginning on the day that the licensed owner begins gaming
operations at a new riverboat sited at a location approved under IC 4-33-6-4.5, the adjusted gross receipts received by the riverboat must
be taxed under this chapter as if the adjusted gross receipts were
received from two (2) riverboats. The licensed owner shall allocate the
adjusted gross receipts received by the riverboat into two (2) separate
tax bases proportionally to the amount of adjusted gross receipts that
each riverboat operating from a dock in Gary received in the state fiscal
year ending June 30, 2018. The licensed owner's tax liability under this
chapter is determined by applying:
(1) the tax rate determined under section 1.5(b) for the docked
riverboat that had the greater amount of adjusted gross receipts in
the state fiscal year ending June 30, 2018, to the larger of the two
(2) tax base allocations; and
(2) the tax rate determined under section 1.5(b) for the docked
riverboat that had the lesser amount of adjusted gross receipts in
the state fiscal year ending June 30, 2018, to the smaller of the
two (2) tax base allocations.
(d) For state fiscal years beginning after June 30, 2025, adjusted
gross receipts received by a riverboat sited at a location approved under
IC 4-33-6-4.5 are subject to taxation under this chapter as adjusted
gross receipts received from a single riverboat.