Ind. Code § 4-35-7-12.5
Annual transfer by licensee to the gaming integrity fund for taking and analyzing equine specimens
Redline — January 1, 2018 → current.View current text →
Current — January 1, 2023
As of January 1, 2018
Sec. 12.5. (a) This section applies to adjusted gross receipts received after June 30, 2015.
Sec. 12.5. (a) A licensee shall annually withhold the sum of:
(1) seventy-five thousand dollars ($75,000); multiplied by
(2) the number of racetracks operated by the licensee;
from the amount that must be distributed under section 12(b)(3) of this chapter.
(1) the product of: (A) seventy-five thousand dollars ($75,000); multiplied by (B) the number of racetracks operated by the licensee; from the amount that must be distributed under section 12(b) of this chapter; and
(2) forty-five hundredths percent (0.45%) of the adjusted gross receipts from the previous month at each casino operated by the licensee.
(b) A licensee shall transfer the amount withheld under subsection (a)(1) to the Indiana horse racing commission for deposit in the gaming integrity fund established by IC 4-35-8.7-3. Money transferred under this subsection must be used for the purposes described in IC 4-35-8.7-3(f)(1).
(c) A licensee shall transfer the amount withheld under subsection (a)(2) to the Indiana horse racing commission for deposit in the Indiana horse racing commission operating fund established by IC 4-31-10-2.
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.