Section 68 IAC 21-9-7 - Two year annual casino game night license annual feeAuthority: IC 4-32.3-3-3
Affected: IC 4-32.3-4-5.5; IC 4-32.3-5-3; IC 4-32.3-6-7.5
Sec. 7.
(a) This section applies only to a two (2) year annual casino game night license issued under IC 4-32.3-4-5.5.(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 events conducted under the two (2) year annual casino game night license in the year prior to the annual anniversary date of the issuance of the two (2) year annual casino game night 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 two (2) year annual casino game night license. (c) A qualified organization shall pay an annual fee determined under this section before the annual anniversary date of the issuance of the two (2) year annual casino game night license issued under IC 4-32.3-4-5.5. The annual fee that is charged to a qualified organization holding a two (2) year annual casino game night license issued under IC 4-32.3-4-5.5 is equal to the amount determined according to the fee schedule described in IC 4-32.3-6-7.5 using the adjusted gross revenue of the qualified organization as specified by subsection (b).Indiana Gaming Commission; 68 IAC 21-9-7; filed 7/29/2021, 3:00 p.m.: 20210825-IR-068200466FRA