Section 4-32.3-6-5 - Single activity license; single gambling activity license; festival license; determination of adjusted gross revenue(a) This section applies only to the renewal of a single activity license issued under IC 4-32.3-4-6, a single gambling activity license issued under IC 4-32.3-4-11, and a festival license issued under IC 4-32.3-4-7.(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 the preceding activity; minus(2) the sum of any amounts deducted under IC 4-32.3-5-3(b)(5) in the preceding year.Added by P.L. 58-2019,SEC. 4, eff. 7/1/2019.