Sec. 1. A person that holds a permit to conduct a horse racing meeting or a license to operate a satellite facility shall withhold:
(1) eighteen percent (18%) of the total of money wagered on each day at the racetrack or satellite facility (including money wagered on exotic wagering pools, but excluding money wagered on gambling games under IC 4-35); plus
(2) an additional three and one-half percent (3.5%) of the total of all money wagered on exotic wagering pools on each day at the racetrack or satellite facility.
As added by P.L.341-1989(ss), SEC.2. Amended by P.L.24-1992, SEC.27; P.L.233-2007, SEC.10; P.L.255-2015, SEC.4.
Structure Indiana Code
Title 4. State Offices and Administration
Article 31. Pari-Mutuel Wagering on Horse Races
Chapter 9. Taxation and Distribution of Pari-Mutuel Revenues
4-31-9-1.5. Retention From Withholdings
4-31-9-3. Taxation of Amount Wagered Each Day; Computation; Distribution
4-31-9-5. Taxation of Amount Collected for Admission Charge; Distribution
4-31-9-7. Money Wagered on Televised Simulcasts; Racing Fees; Amount; Distribution
4-31-9-8. Additional Taxation by Political Subdivision; Real and Personal Property Taxes
4-31-9-9. Taxation of Satellite Facility Wagers; Distribution