Ind. Code § 4-32.3-6-4

Current through P.L. 171-2024

Section 4-32.3-6-4 - Annual activity license; annual gambling activity license; determination of adjusted gross revenue

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:

(1) the qualified organization's total gross revenue from allowable activities in the preceding year; minus

(2) the sum of any amounts deducted under IC 4-32.3-5-3(b)(5) in the preceding year.

IC 4-32.3-6-4

Added by P.L. 58-2019,SEC. 4, eff. 7/1/2019.