CHAPTER 12. ELIGIBLE EVENT; EXEMPTION FROM TAXATION

IC 6-8-12
    Chapter 12. Eligible Event; Exemption From Taxation

IC 6-8-12-1
"Eligible entity"
    Sec. 1. As used in this chapter, "eligible entity" means:
        (1) the National Football League and its affiliates; and
        (2) the National Collegiate Athletic Association and itsaffiliates.
As added by P.L.211-2007, SEC.39; P.L.234-2007, SEC.42.Amended by P.L.131-2008, SEC.24.

IC 6-8-12-2
"Eligible event"
    Sec. 2. As used in this chapter, "eligible event" means:
        (1) an event known as the Super Bowl that is conducted afterDecember 31, 2011, by an eligible entity described in section1(1) of this chapter; or
        (2) an event known as the Men's Final Four or the Women'sFinal Four, including the ancillary events associated with theMen's Final Four or the Women's Final Four, that is conductedafter December 31, 2011, by an eligible entity described insection 1(2) of this chapter.
As added by P.L.211-2007, SEC.39; P.L.234-2007, SEC.42.Amended by P.L.131-2008, SEC.25.

IC 6-8-12-3
Tax exemption
    Sec. 3. (a) Except as provided in subsection (b), all propertyowned by an eligible entity, revenues of an eligible entity, andexpenditures and transactions of an eligible entity:
        (1) in connection with an eligible event; and
        (2) resulting from holding an eligible event in Indiana ormaking preparatory advance visits to Indiana in connection withan eligible event;
are exempt from taxation in Indiana for all purposes.
    (b) Salaries and wages paid to employees of the NationalCollegiate Athletic Association and its affiliates that are ordinarilysubject to taxation under:
        (1) IC 6-3-1 through IC 6-3-7; and
        (2) IC 6-3.5;
are subject to income taxation regardless of whether the salaries andwages are paid in connection with an eligible event, holding aneligible event in Indiana, or making a preparatory advance visit toIndiana in connection with an eligible event.
As added by P.L.211-2007, SEC.39; P.L.234-2007, SEC.42.Amended by P.L.131-2008, SEC.26.

IC 6-8-12-4
Marion County admissions tax not applicable    Sec. 4. The excise tax under IC 6-9-13 does not apply to aneligible event.
As added by P.L.211-2007, SEC.39; P.L.234-2007, SEC.42.

IC 6-8-12-5
Findings
    Sec. 5. The general assembly finds that:
        (1) this chapter has been enacted as a requirement to host aneligible event in Indiana and that an eligible event would not beheld in Indiana without the exemptions provided in this chapter;
        (2) notwithstanding the exemptions provided in this chapter, aneligible event held in Indiana would generate a significanteconomic impact for Indiana and additional revenues from taxesaffected by this chapter; and
        (3) the exemptions provided in this chapter will not reduce oradversely affect the levy and collection of taxes pledged to thepayment of bonds, notes, leases, or subleases payable fromthose taxes.
As added by P.L.211-2007, SEC.39; P.L.234-2007, SEC.42.