{"data":{"id":"us-in/ic-4-31-9-3","jurisdiction":"us-in","citation":"IC 4-31-9-3","heading":"Taxation of amount wagered each day; computation; distribution","body":"Sec. 3. (a) At the close of each day on which a permit holder or satellite facility operator conducts pari-mutuel wagering on live racing or simulcasts at a racetrack or satellite facility, the permit holder or satellite facility operator shall pay to the department of state revenue a tax on the total amount of money wagered on that day as follows:\n(1) Two percent (2%) of the total amount of money wagered under IC 4-31-7 at a permit holder's racetrack.\n(2) Two and one-half percent (2.5%) of the total amount of money wagered under IC 4-31-5.5-6 at a permit holder's satellite facility.\n(b) The taxes collected under subsection (a) shall be paid from the amounts withheld under section 1 of this chapter and shall be distributed as follows:\n(1) The first one hundred fifty thousand dollars ($150,000) of taxes collected during each state fiscal year shall be deposited in the veterinary school research account established by IC 4-31-12-22.\n(2) The remainder of the taxes collected during each state fiscal year shall be paid into the Indiana horse racing commission operating fund (IC 4-31-10).\n(c) The tax imposed by this section is a listed tax for purposes of IC 6-8.1-1.\n(d) The payment of the tax under this section must be reported and remitted electronically through the department's online tax filing program.","path":["TITLE 4. STATE OFFICES AND ADMINISTRATION","ARTICLE 31. PARI-MUTUEL WAGERING ON HORSE RACES","Chapter 9. Taxation and Distribution of Pari-Mutuel Revenues"],"source_url":"https://iga.in.gov/ic/2026/Title_4.html#4-31-9-3","current_through":"2026","vintage":"2026","retrieved_at":"2026-08-30T06:26:00Z","sha256":"3c68a8b3926aee795f12b7b7fbedf2bc2fa62c5bd23f8ee7634f445cc0b01b3e","source_id":"us-in","stale":false,"prev":"us-in/ic-4-31-9-2","next":"us-in/ic-4-31-9-4"},"notice":"GroundRules: Original legal text. Not legal advice."}