IC 4-35-8.5
Chapter 8.5. County Slot Machine Wagering Fee
IC 4-35-8.5-1 County slot machine wagering fee imposed
Sec. 1. (a) Before the fifteenth day of each month, a licensee that
offers slot machine wagering under this article shall pay to the
commission a county slot machine wagering fee equal to three
percent (3%) of the adjusted gross receipts received from slot
machine wagering during the previous month at the licensee's
racetrack. However, a licensee is not required to pay more than eight
million dollars ($8,000,000) of county slot machine wagering fees
under this section in any state fiscal year.
(b) The commission shall deposit the county slot machine
wagering fee received by the commission into a separate account
within the state general fund. As added by P.L.233-2007, SEC.21.
IC 4-35-8.5-2 Distribution of county slot machine wagering fees
Sec. 2. Before the fifteenth day of each month, the treasurer of
state shall distribute any county slot machine wagering fees received
from a licensee during the previous month to the county auditor of
the county in which the licensee's racetrack is located. As added by P.L.233-2007, SEC.21.
IC 4-35-8.5-3 Allocation of county slot machine wagering fees
Sec. 3. The auditor of each county receiving a distribution of
county slot machine wagering fees under section 2 of this chapter
shall distribute the county slot machine wagering fees as follows:
(1) To each city located in the county according to the ratio the
city's population bears to the total population of the county.
(2) To each town located in the county according to the ratio the
town's population bears to the total population of the county.
(3) After the distributions required by subdivisions (1) and (2)
are made, the remainder shall be retained by the county. As added by P.L.233-2007, SEC.21.
IC 4-35-8.5-4 Use of county slot machine wagering fees
Sec. 4. (a) As used in this section, "political subdivision" means
a county, city, or town.
(b) Money paid to a political subdivision under this chapter:
(1) must be paid to the fiscal officer of the political subdivision
and must be deposited in the political subdivision's general
fund;
(2) may not be used to reduce the political subdivision's
maximum levy under IC 6-1.1 but may be used at the discretion
of the political subdivision to reduce the property tax levy of the
political subdivision for a particular year;
(3) may be used for any purpose specified in this chapter or for
any other legal or corporate purpose of the political subdivision,
including the pledge of money to bonds, leases, or other
obligations under IC 5-1-14-4; and
(4) is considered miscellaneous revenue. As added by P.L.233-2007, SEC.21.
IC 4-35-8.5
Chapter 8.5. County Slot Machine Wagering Fee
IC 4-35-8.5-1 County slot machine wagering fee imposed
Sec. 1. (a) Before the fifteenth day of each month, a licensee that
offers slot machine wagering under this article shall pay to the
commission a county slot machine wagering fee equal to three
percent (3%) of the adjusted gross receipts received from slot
machine wagering during the previous month at the licensee's
racetrack. However, a licensee is not required to pay more than eight
million dollars ($8,000,000) of county slot machine wagering fees
under this section in any state fiscal year.
(b) The commission shall deposit the county slot machine
wagering fee received by the commission into a separate account
within the state general fund. As added by P.L.233-2007, SEC.21.
IC 4-35-8.5-2 Distribution of county slot machine wagering fees
Sec. 2. Before the fifteenth day of each month, the treasurer of
state shall distribute any county slot machine wagering fees received
from a licensee during the previous month to the county auditor of
the county in which the licensee's racetrack is located. As added by P.L.233-2007, SEC.21.
IC 4-35-8.5-3 Allocation of county slot machine wagering fees
Sec. 3. The auditor of each county receiving a distribution of
county slot machine wagering fees under section 2 of this chapter
shall distribute the county slot machine wagering fees as follows:
(1) To each city located in the county according to the ratio the
city's population bears to the total population of the county.
(2) To each town located in the county according to the ratio the
town's population bears to the total population of the county.
(3) After the distributions required by subdivisions (1) and (2)
are made, the remainder shall be retained by the county. As added by P.L.233-2007, SEC.21.
IC 4-35-8.5-4 Use of county slot machine wagering fees
Sec. 4. (a) As used in this section, "political subdivision" means
a county, city, or town.
(b) Money paid to a political subdivision under this chapter:
(1) must be paid to the fiscal officer of the political subdivision
and must be deposited in the political subdivision's general
fund;
(2) may not be used to reduce the political subdivision's
maximum levy under IC 6-1.1 but may be used at the discretion
of the political subdivision to reduce the property tax levy of the
political subdivision for a particular year;
(3) may be used for any purpose specified in this chapter or for
any other legal or corporate purpose of the political subdivision,
including the pledge of money to bonds, leases, or other
obligations under IC 5-1-14-4; and
(4) is considered miscellaneous revenue. As added by P.L.233-2007, SEC.21.
IC 4-35-8.5
Chapter 8.5. County Slot Machine Wagering Fee
IC 4-35-8.5-1 County slot machine wagering fee imposed
Sec. 1. (a) Before the fifteenth day of each month, a licensee that
offers slot machine wagering under this article shall pay to the
commission a county slot machine wagering fee equal to three
percent (3%) of the adjusted gross receipts received from slot
machine wagering during the previous month at the licensee's
racetrack. However, a licensee is not required to pay more than eight
million dollars ($8,000,000) of county slot machine wagering fees
under this section in any state fiscal year.
(b) The commission shall deposit the county slot machine
wagering fee received by the commission into a separate account
within the state general fund. As added by P.L.233-2007, SEC.21.
IC 4-35-8.5-2 Distribution of county slot machine wagering fees
Sec. 2. Before the fifteenth day of each month, the treasurer of
state shall distribute any county slot machine wagering fees received
from a licensee during the previous month to the county auditor of
the county in which the licensee's racetrack is located. As added by P.L.233-2007, SEC.21.
IC 4-35-8.5-3 Allocation of county slot machine wagering fees
Sec. 3. The auditor of each county receiving a distribution of
county slot machine wagering fees under section 2 of this chapter
shall distribute the county slot machine wagering fees as follows:
(1) To each city located in the county according to the ratio the
city's population bears to the total population of the county.
(2) To each town located in the county according to the ratio the
town's population bears to the total population of the county.
(3) After the distributions required by subdivisions (1) and (2)
are made, the remainder shall be retained by the county. As added by P.L.233-2007, SEC.21.
IC 4-35-8.5-4 Use of county slot machine wagering fees
Sec. 4. (a) As used in this section, "political subdivision" means
a county, city, or town.
(b) Money paid to a political subdivision under this chapter:
(1) must be paid to the fiscal officer of the political subdivision
and must be deposited in the political subdivision's general
fund;
(2) may not be used to reduce the political subdivision's
maximum levy under IC 6-1.1 but may be used at the discretion
of the political subdivision to reduce the property tax levy of the
political subdivision for a particular year;
(3) may be used for any purpose specified in this chapter or for
any other legal or corporate purpose of the political subdivision,
including the pledge of money to bonds, leases, or other
obligations under IC 5-1-14-4; and
(4) is considered miscellaneous revenue. As added by P.L.233-2007, SEC.21.
