Sec. 12. The department of state revenue shall annually notify the Indiana finance authority, the commission, the budget agency, and the owner or owners of a qualified motorsports facility of the sum of:
(1) the amount determined under section 11 of this chapter; and
(2) the amount reverted to the state general fund from the motorsports facility fund established under IC 5-1-17.5-30.5;
which sum shall be credited to the obligations of the owner or owners of a qualified motorsports facility in accordance with the provisions of IC 5-1-17.5.
As added by P.L.233-2013, SEC.4. Amended by P.L.190-2014, SEC.7.
Structure Indiana Code
Title 4. State Offices and Administration
Article 10. State Funds Generally
Chapter 23. Motorsports Investment District Credits
4-10-23-5. "Gross Retail Base Period Amount"
4-10-23-6. "Gross Retail Incremental Amount"
4-10-23-7. "Income Tax Base Period Amount"
4-10-23-8. "Income Tax Incremental Amount"
4-10-23-9. "Qualified Motorsports Facility"
4-10-23-10. Calculation of Incremental Amounts; Reporting
4-10-23-11. Determination of Incremental Amounts and Admissions Fees for Preceding Calendar Year
4-10-23-12. Notification of Amounts Determined; Credits Against Obligations