Section 4-33-12-1.5 - Supplemental wagering tax rate; supplemental wagering tax liability of a licensed owner operating an inland casino in Vigo County(a) A supplemental wagering tax on the wagering occurring each day at a riverboat is imposed upon the licensed owner operating the riverboat.(b) Except as provided in subsection (d), and subject to subsection (c), the amount of supplemental wagering tax imposed for a particular day is determined by multiplying the riverboat's adjusted gross receipts for that day by the quotient of:(1) the total riverboat admissions tax that the riverboat's licensed owner paid beginning July 1, 2016, and ending June 30, 2017; divided by(2) the riverboat's adjusted gross receipts beginning July 1, 2016, and ending June 30, 2017.(c) The quotient used under subsection (b) to determine the supplemental wagering tax liability of a licensed owner subject to subsection (b) may not exceed the following when expressed as a percentage: (1) Four percent (4%) before July 1, 2019.(2) Three and five-tenths percent (3.5%) after June 30, 2019.(d) The supplemental wagering tax liability of a licensed owner operating an inland casino in Vigo County is equal to two and nine-tenths percent (2.9%) of the riverboat's adjusted gross receipts for the day.Amended by P.L. 293-2019,SEC. 24, eff. 7/1/2019.Added by P.L. 212-2018SP1,SEC. 5, eff. 7/1/2018.