Indiana § 4-35-8-1 Graduated wagering tax imposed

Indiana Statutes

§ 4-35-8-1 — Graduated wagering tax imposed

Indiana·Art. 35 GAMBLING GAMES AT RACETRACKS·Ch. 8 Taxation of Slot Machine Wagering

(a)A graduated slot machine wagering tax is imposed as follows on ninety-nine percent (99%) of the adjusted gross receipts received after June 30, 2012, and before July 1, 2013, on ninety-one and five-tenths percent (91.5%) of the adjusted gross receipts received after June 30, 2013, and before July 1, 2015, and on eighty-eight percent (88%) of the adjusted gross receipts received after June 30, 2015, from wagering on gambling games authorized by this article:

(1)Twenty-five percent (25%) of the first one hundred million dollars ($100,000,000) of adjusted gross receipts received during the period beginning July 1 of each year and ending June 30 of the following year.

(2)For periods:

(A)ending before July 1, 2021, thirty percent (30%) of the adjusted gross receipts in excess of one hund

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(a) A graduated slot machine wagering tax is
imposed as follows on ninety-nine percent (99%) of the adjusted gross
receipts received after June 30, 2012, and before July 1, 2013, on
ninety-one and five-tenths percent (91.5%) of the adjusted gross
receipts received after June 30, 2013, and before July 1, 2015, and on
eighty-eight percent (88%) of the adjusted gross receipts received after
June 30, 2015, from wagering on gambling games authorized by this
article:
(1) Twenty-five percent (25%) of the first one hundred million
dollars ($100,000,000) of adjusted gross receipts received during
the period beginning July 1 of each year and ending June 30 of
the following year.
(2) For periods:
(A) ending before July 1, 2021, thirty percent (30%) of the
adjusted gross receipts in excess of one hundred million dollars
($100,000,000) but not exceeding two hundred million dollars
($200,000,000) received during the period beginning July 1 of
each year and ending June 30 of the following year; and
(B) beginning after June 30, 2021, thirty percent (30%) of the
adjusted gross receipts in excess of one hundred million dollars
($100,000,000) received during the period beginning July 1 of
each year and ending June 30 of the following year.
(3) For periods ending before July 1, 2021, thirty-five percent
(35%) of the adjusted gross receipts in excess of two hundred
million dollars ($200,000,000) received during the period
beginning July 1 of each year and ending June 30 of the following
year.
(b) A licensee shall do the following:
(1) Remit the daily amount of tax imposed by this section to the
department on the twenty-fourth calendar day of each month. Any
taxes collected during the month but after the day on which the
taxes are required to be paid shall be paid to the department at the
same time the following month's taxes are due.
(2) Report gaming activity information to the commission daily
on forms prescribed by the commission.
(c) The payment of the tax under this section must be in a manner
prescribed by the department.
(d) If the department requires taxes to be remitted under this chapter
through electronic funds transfer, the department may allow the
licensee to file a monthly report to reconcile the amounts remitted to
the department.
(e) The payment of the tax under this section must be reported and
remitted electronically through the department's online tax filing
program.

Indiana § 4-35-8-1 (Graduated wagering tax imposed) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

As added by P.L.233-2007, SEC.21. Amended by P.L.172-2011, SEC.10; P.L.205-2013, SEC.72; P.L.210-2013, SEC.18; P.L.255-2015, SEC.43; P.L.212-2018(ss), SEC.10; P.L.293-2019, SEC.38; P.L.137-2022, SEC.8.