Information Maintained by the Office of Code Revision Indiana Legislative Services Agency
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 ninety-nine percent (99%) of the adjusted gross receipts received after June 30, 2012, and before July 1, 2013, and on ninety-one and five-tenths percent (91.5%) of the adjusted gross receipts received after June 30, 2013, 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. Amended by P.L.172-2011, SEC.10; P.L.205-2013, SEC.72; P.L.210-2013, SEC.18.

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Repealed
    
(Repealed by P.L.146-2008, SEC.813.)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Repealed
    
(Repealed by P.L.146-2008, SEC.813.)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 4-35-8-5
Deductions for qualified wagering
    
Sec. 5. (a) This section applies to adjusted gross receipts from wagering on gambling games that occurs:
        (1) after the effective date of this section, as added by SEA 528-2013; but
        (2) before July 1, 2016.
    (b) As used in this section, "qualified wagering" refers to wagers made by patrons using noncashable vouchers, coupons, electronic credits, or electronic promotions provided by the licensee.
    (c) Subject to subsection (d), a licensee may at any time during the state fiscal year deduct from the adjusted gross receipts reported by the licensee the adjusted gross receipts attributable to qualified wagering. A licensee must take a deduction under this section on a form and in the manner prescribed by the department.
    (d) A licensee may not deduct more than the following amounts in a particular state fiscal year:
        (1) Two million five hundred thousand dollars ($2,500,000) in a state fiscal year ending before July 1, 2013.
        (2) Five million dollars ($5,000,000) in a state fiscal year beginning after June 30, 2013, and ending before July 1, 2016.
    (e) Deductions under this section also apply to a licensee's adjusted gross receipts for purposes of the following statutes:
        (1) IC 4-35-7-12.
        (2) IC 4-35-8.5.
        (3) IC 4-35-8.9.
As added by P.L.229-2013, SEC.36.