Indiana Code 4-35-7-12.5. Annual transfer by licensee to the gaming integrity fund for taking and analyzing equine specimens
(1) the product of:
Terms Used In Indiana Code 4-35-7-12.5
- Month: means a calendar month, unless otherwise expressed. See Indiana Code 1-1-4-5
(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.
As added by P.L.213-2015, SEC.53. Amended by P.L.108-2019, SEC.77; P.L.168-2019, SEC.19; P.L.156-2020, SEC.10.