Sec. 5. (a) At the close of each day on which pari-mutuel wagering is conducted, each permit holder or satellite facility operator shall pay to the department of state revenue a tax equal to twenty cents ($0.20) for each person who paid an admission charge for the privilege of entering the racetrack grounds or satellite facility on that day. Separate computations shall be made of the number of patrons at each location. If tickets are issued for more than one (1) day, the sum of twenty cents ($0.20) shall be paid for each person using the ticket on each day that it is used.
(b) Before the fifteenth day of each month, the taxes collected under subsection (a) during the preceding month shall be distributed as follows:
(1) Fifty percent (50%) of the taxes shall be distributed in equal shares to the fiscal officers of:
(A) the city, if any;
(B) the town, if any; and
(C) the county;
in which the racetrack is located. The city, town, or county may use this money as general fund operating revenues.
(2) Fifty percent (50%) of the taxes shall be deposited in the state general fund.
(c) The tax imposed by this section is a listed tax for purposes of IC 6-8.1-1.
As added by P.L.341-1989(ss), SEC.2. Amended by P.L.24-1992, SEC.31.
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