CHAPTER 8. TAXATION OF SLOT MACHINE WAGERING

IC 4-35-8
    Chapter 8. Taxation of Slot Machine Wagering

IC 4-35-8-1
Graduated wagering tax imposed
    Sec. 1. (a) A graduated slot machine wagering tax is imposed asfollows on the adjusted gross receipts received from wagering ongambling games authorized by this article:
        (1) Twenty-five percent (25%) of the first one hundred milliondollars ($100,000,000) of adjusted gross receipts receivedduring the period beginning July 1 of each year and ending June30 of the following year.
        (2) Thirty percent (30%) of the adjusted gross receipts in excessof one hundred million dollars ($100,000,000) but notexceeding two hundred million dollars ($200,000,000) receivedduring the period beginning July 1 of each year and ending June30 of the following year.
        (3) Thirty-five percent (35%) of the adjusted gross receipts inexcess of two hundred million dollars ($200,000,000) receivedduring the period beginning July 1 of each year and ending June30 of the following year.
    (b) A licensee shall remit the tax imposed by this section to thedepartment before the close of the business day following the day thewagers are made.
    (c) The department may require payment under this section to bemade by electronic funds transfer (as defined in IC 4-8.1-2-7(f)).
    (d) If the department requires taxes to be remitted under thischapter through electronic funds transfer, the department may allowthe licensee to file a monthly report to reconcile the amountsremitted to the department.
    (e) The payment of the tax under this section must be on a formprescribed by the department.
As added by P.L.233-2007, SEC.21.

IC 4-35-8-2
Repealed
    (Repealed by P.L.146-2008, SEC.813.)

IC 4-35-8-3
Deposits into state general fund
    Sec. 3. The department shall deposit tax revenue collected undersection 1 of this chapter in the state general fund.
As added by P.L.233-2007, SEC.21. Amended by P.L.146-2008,SEC.22.

IC 4-35-8-4
Repealed
    (Repealed by P.L.146-2008, SEC.813.)