Indiana § 4-33-12-8.5 Disposition of tax revenue collected from an inland casino in Vigo
County

Indiana Statutes

§ 4-33-12-8.5 — Disposition of tax revenue collected from an inland casino in Vigo County

Indiana § 4-33-12-8.5

Art. 33RIVERBOAT GAMBLING

Ch. 12Admission Taxes

This text of Indiana § 4-33-12-8.5 (Disposition of tax revenue collected from an inland casino in Vigo County) 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 § 4-33-12-8.5 (2026).

Text

5.

(a)This section applies only to tax revenue collected from an inland casino located in Vigo County.

(b)The treasurer of state shall pay the following amounts from taxes collected during the preceding calendar quarter from the inland casino located in Vigo County:

(1)Forty percent (40%) to the city of Terre Haute.

(2)Thirty percent (30%) to Vigo County.

(3)Fifteen percent (15%) to the Vigo County school corporation.

(4)Fifteen percent (15%) to West Central 2025.

(c)This subsection applies to a city or county receiving money under subsection (b). Money paid to a city or county under subsection

(b):

(1)must be paid to the fiscal officer of the unit and may be deposited in the unit's general fund or a riverboat fund established by the city or county under IC 36-1-8-9, or both;

(2)m

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5. (a) This section applies only to tax revenue
collected from an inland casino located in Vigo County.
(b) The treasurer of state shall pay the following amounts from taxes
collected during the preceding calendar quarter from the inland casino
located in Vigo County:
(1) Forty percent (40%) to the city of Terre Haute.
(2) Thirty percent (30%) to Vigo County.
(3) Fifteen percent (15%) to the Vigo County school corporation.
(4) Fifteen percent (15%) to West Central 2025.
(c) This subsection applies to a city or county receiving money
under subsection (b). Money paid to a city or county under subsection
(b):
(1) must be paid to the fiscal officer of the unit and may be
deposited in the unit's general fund or a riverboat fund established
by the city or county under IC 36-1-8-9, or both;
(2) may not be used to reduce the unit's maximum levy under IC 6-1.1-18.5 but may be used at the discretion of the unit to reduce
the property tax levy of the unit for a particular year;
(3) may be used for any legal or corporate purpose of the unit,
including the pledge of money to bonds, leases, or other
obligations under IC 5-1-14-4; and
(4) is considered miscellaneous revenue.
(d) Money paid to a school corporation under subsection (b)(3):
(1) may be used for any legal or corporate purpose of the school
corporation, including the pledge of money to bonds, leases, or
other obligations under IC 5-1-14-4; and
(2) is considered miscellaneous revenue.
(e) Money paid to West Central 2025 under subsection (b)(4) must
be used for the development and implementation of a regional
economic development strategy that:
(1) assists the residents of Vigo County and the other participating
counties in West Central 2025 in improving the quality of life in
the region; and
(2) promotes successful and sustainable communities.
(f) The fiscal officer of West Central 2025 shall annually submit a
report to the Indiana economic development corporation concerning the
organization's use of the money received under subsection (b)(4) and
the development and implementation of the regional economic
development strategy required by subsection (e).