Sec. 7.5. (a) This section applies only to a three (3) year charity gaming license issued under IC 4-32.3-4-16.

criminal case

Ask a criminal law question, get an answer ASAP!
Click here to chat with a criminal defense lawyer and protect your rights.

Terms Used In Indiana Code 4-32.3-6-7.5

  • Charity: An agency, institution, or organization in existence and operating for the benefit of an indefinite number of persons and conducted for educational, religious, scientific, medical, or other beneficent purposes.
  • Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
     (b) A qualified organization’s adjusted gross revenue is an amount equal to the difference between:

(1) the qualified organization’s total gross revenue from allowable activities conducted under the three (3) year charity gaming license in the year prior to the annual anniversary date of the issuance of the three (3) year charity gaming license; minus

(2) the sum of any amounts deducted under IC 4-32.3-5-3(b)(5) with respect to the allowable events described in subdivision (1) in the year prior to the annual anniversary date of the issuance of the three (3) year charity gaming license.

     (c) A qualified organization shall pay an annual fee determined under this section before the annual anniversary date of the issuance of the three (3) year charity gaming license, including a license issued under IC 4-32.2-4 (repealed). The annual fee that is charged to a qualified organization holding a three (3) year charity gaming license is equal to the amount determined according to the following schedule using the adjusted gross revenue of the qualified organization as specified by subsection (b):

 

Class

Adjusted Gross Revenues

Fee

 

 

 

At Least

But Less Than

 

 

 

 

A

$

0

$

15,000

$

50

 

 

B

$

15,000

$

25,000

$

100

 

 

C

$

25,000

$

50,000

$

300

 

 

D

$

50,000

$

75,000

$

400

 

 

E

$

75,000

$

100,000

$

700

 

 

F

$

100,000

$

150,000

$

1,000

 

 

G

$

150,000

$

200,000

$

1,500

 

 

H

$

200,000

$

250,000

$

1,800

 

 

I

$

250,000

$

300,000

$

2,500

 

 

J

$

300,000

$

400,000

$

3,250

 

 

K

$

400,000

$

500,000

$

5,000

 

 

L

$

500,000

$

750,000

$

6,750

 

 

M

$

750,000

$

1,000,000

$

9,000

 

 

N

$

1,000,000

$

1,250,000

$

11,000

 

 

O

$

1,250,000

$

1,500,000

$

13,000

 

 

P

$

1,500,000

$

1,750,000

$

15,000

 

 

Q

$

1,750,000

$

2,000,000

$

17,000

 

 

R

$

2,000,000

$

2,250,000

$

19,000

 

 

S

$

2,250,000

$

2,500,000

$

21,000

 

 

T

$

2,500,000

$

2,750,000

$

23,000

 

 

U

$

2,750,000

$

3,000,000

$

25,000

 

 

V

$

3,000,000

$

3,250,000

$

27,000

 

 

W

$

3,250,000

$

3,500,000

$

29,000

 

 

X

$

3,500,000

$

3,750,000

$

31,000

 

 

Y

$

3,750,000

$

4,000,000

$

33,000

 

 

Z

$

4,000,000

$

4,250,000

$

35,000

 

 

AA

$

4,250,000

$

4,500,000

$

37,000

 

 

BB

$

4,500,000

$

4,750,000

$

39,000

 

 

CC

$

4,750,000

$

5,000,000

$

41,000

 

As added by P.L.58-2019, SEC.4.

  Previous section
Next section  
 Chapter 6 Contents