§ 4-35-7-12.5 — Annual transfer by licensee to the gaming integrity fund for taking and analyzing equine specimens

Indiana § 4-35-7-12.5

• Jurisdiction: Indiana
• Art. 35: GAMBLING GAMES AT RACETRACKS
• Ch. 7: Conduct of Gambling Games at Racetracks

Text

5. (a) A licensee shall annually withhold the
sum of:
(1) the product of:
(A) seventy-five thousand dollars ($75,000); multiplied by
(B) the number of racetracks operated by the licensee;
from the amount that must be distributed under section 12(b) of
this chapter; and
(2) forty-five hundredths percent (0.45%) of the adjusted gross
receipts from the previous month at each casino operated by the
licensee.
(b) A licensee shall transfer the amount withheld under subsection
(a)(1) to the Indiana horse racing commission for deposit in the gaming
integrity fund established by IC 4-35-8.7-3. Money transferred under
this subsection must be used for the purposes described in IC 4-35-8.7-3(f)(1).
(c) A licensee shall transfer the amount withheld under subsection
(a)(2) to the Indiana horse racing commission for deposit in the Indiana
horse racing commission operating fund established by IC 4-31-10-2.

Legislative History

As added by P.L.213-2015, SEC.53. Amended by P.L.108-2019, SEC.77; P.L.168-2019, SEC.19; P.L.156-2020, SEC.10.