Sec. 3. (a) All net proceeds from an allowable activity and related activities may be used only for the lawful purposes of the qualified organization, including the:
(1) repair;
(2) maintenance; or
(3) improvement;
of owned real property used for the lawful purposes of the qualified organization.
(b) To determine the net proceeds from an allowable activity, a qualified organization shall subtract the following from the gross receipts received from the allowable activity:
(1) An amount equal to the total value of the prizes awarded at the allowable activity.
(2) The sum of the purchase prices paid for licensed supplies dispensed at the allowable activity.
(3) An amount equal to the qualified organization's license fees attributable to the allowable activity.
(4) An amount equal to the advertising expenses incurred by the qualified organization to promote the allowable activity.
(5) An amount not to exceed two hundred dollars ($200) per day for rent paid for facilities leased for an allowable activity.
As added by P.L.58-2019, SEC.4. Amended by P.L.145-2021, SEC.5.
Structure Indiana Code
Title 4. State Offices and Administration
Chapter 5. Conduct of Allowable Activities
4-32.3-5-1. Criminal Gambling Statutes Inapplicable to Allowable Events
4-32.3-5-2. Management and Conduct of Events
4-32.3-5-3. Use and Determination of Net Proceeds
4-32.3-5-4. Donation of Gross Charity Gaming Receipts
4-32.3-5-5. Financial Records; Deposit of Funds; Audits; Submission of Event Summary and Reports
4-32.3-5-6. Leasing Facilities
4-32.3-5-7. Prohibition on Felons as Operators and Workers; Exceptions
4-32.3-5-9. Operator of Allowable Activity
4-32.3-5-10. Operators; Limitations and Requirements
4-32.3-5-11. Participation of Operators and Workers Prohibited; Exceptions
4-32.3-5-12. Rules for Dealing Cards in Texas Hold'em and Omaha Poker
4-32.3-5-13. Operator Membership Requirement
4-32.3-5-14. Worker Membership Requirement; Shared Revenues
4-32.3-5-15. Bingo Event Prize Limits
4-32.3-5-16. Pull Tab, Punchboard, and Tip Board Prize Limits
4-32.3-5-17. Prohibited Participants
4-32.3-5-18. Radio Advertising
4-32.3-5-19. Report of Patron Gambling Winnings; Reporting and Withholding Rules
4-32.3-5-20. Obtaining Supplies; Paying for Supplies
4-32.3-5-21. Obtaining Supplies; Providing Supplies
4-32.3-5-22. Rules Governing the Use of Volunteer Ticket Agents