IC 4-35-7-12.5: Annual transfer by licensee to the gaming integrity fund for taking and analyzing equine specimens

Sec. 12.5. (a) A licensee shall annually withhold the sum of:

(1) the product of:

(A) seventy-five thousand dollars ($75,000); multiplied by

(B) the number of racetracks operated by the licensee;

from the amount that must be distributed under section 12(b) of this chapter; and

(2) forty-five hundredths percent (0.45%) of the adjusted gross receipts from the previous month at each casino operated by the licensee.

(b) A licensee shall transfer the amount withheld under subsection (a)(1) to the Indiana horse racing commission for deposit in the gaming integrity fund established by IC 4-35-8.7-3. Money transferred under this subsection must be used for the purposes described in IC 4-35-8.7-3(f)(1).

(c) A licensee shall transfer the amount withheld under subsection (a)(2) to the Indiana horse racing commission for deposit in the Indiana horse racing commission operating fund established by IC 4-31-10-2.