{"data":{"id":"us-in/ic-4-35-7-12.5","jurisdiction":"us-in","citation":"IC 4-35-7-12.5","heading":"Annual transfer by licensee to the gaming integrity fund for taking and analyzing equine specimens","body":"Sec. 12.5. (a) A licensee shall annually withhold the sum of:\n(1) the product of:\n(A) seventy-five thousand dollars ($75,000); multiplied by\n(B) the number of racetracks operated by the licensee;\nfrom the amount that must be distributed under section 12(b) of this chapter; and\n(2) forty-five hundredths percent (0.45%) of the adjusted gross receipts from the previous month at each casino operated by the licensee.\n(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).\n(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.","path":["TITLE 4. STATE OFFICES AND ADMINISTRATION","ARTICLE 35. GAMBLING GAMES AT RACETRACKS","Chapter 7. Conduct of Gambling Games at Racetracks"],"source_url":"https://iga.in.gov/ic/2026/Title_4.html#4-35-7-12.5","current_through":"2026","vintage":"2026","retrieved_at":"2026-08-30T06:26:00Z","sha256":"693cfb03c31714ea1532695349394435f4e559379af079c02001d34dda118d94","source_id":"us-in","stale":false,"prev":"us-in/ic-4-35-7-12-version-b","next":"us-in/ic-4-35-7-13"},"notice":"GroundRules: Original legal text. Not legal advice."}