§ 4-36-4-6 — Determination of adjusted gross revenue

(a) For the purposes of section 5(b)(1) of this
chapter, a retailer's adjusted gross revenue is an amount equal to the
difference between:
(1) the retailer's total gross revenue from the retailer's type II
gambling operations in the preceding year; minus
(2) the sum of any amounts deducted under subsection (b) in the
preceding year.
(b) To determine the amount of a retailer's adjusted gross revenue
from the retailer's type II gambling operations in the preceding year
under subsection (a), the retailer shall subtract the following from the
retailer's gross receipts:
(1) An amount equal to the total value of the prizes awarded in
type II gambling games in the preceding year.
(2) The sum of the purchase prices paid for type II gambling
games dispensed in the retailer's type II gambling operation in the
preceding year.
(3) An amount equal to the amount of license fees paid by the
retailer in the preceding year.

Legislative History

As added by P.L.95-2008, SEC.13. Amended by P.L.108-2009, SEC.17.