Indiana Code 4-32.3-6-4. Annual activity license; annual gambling activity license; determination of adjusted gross revenue
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Sec. 4. This section applies to an annual activity license under IC 4-32.3-4-5 and an annual gambling activity license under IC 4-32.3-4-11. A qualified organization’s adjusted gross revenue is an amount equal to the difference between:
(2) the sum of any amounts deducted under IC 4-32.3-5-3(b)(5) in the preceding year.
(1) the qualified organization’s total gross revenue from allowable activities in the preceding year; minus
Terms Used In Indiana Code 4-32.3-6-4
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
As added by P.L.58-2019, SEC.4.