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 as
follows on the adjusted gross receipts received 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) 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.
(3) 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 remit the tax imposed by this section to the
department before the close of the business day following the day the
wagers are made.
(c) The department may require payment under this section to be
made by electronic funds transfer (as defined in IC 4-8.1-2-7(f)).
(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 on a form
prescribed 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Repealed
(Repealed by P.L.146-2008, SEC.813.)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 under
section 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Repealed
(Repealed by P.L.146-2008, SEC.813.)
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 as
follows on the adjusted gross receipts received 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) 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.
(3) 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 remit the tax imposed by this section to the
department before the close of the business day following the day the
wagers are made.
(c) The department may require payment under this section to be
made by electronic funds transfer (as defined in IC 4-8.1-2-7(f)).
(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 on a form
prescribed 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 under
section 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.)
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 as
follows on the adjusted gross receipts received 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) 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.
(3) 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 remit the tax imposed by this section to the
department before the close of the business day following the day the
wagers are made.
(c) The department may require payment under this section to be
made by electronic funds transfer (as defined in IC 4-8.1-2-7(f)).
(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 on a form
prescribed 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 under
section 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.)
