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Current as of January 02, 2024 | Updated by Findlaw Staff
Sec. 7.5. (a) This section applies only to a three (3) year charity gaming license issued under IC 4-32.3-4-16.
(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 allowable activities conducted under the three (3) year charity gaming license in the year prior to the annual anniversary date of the issuance of the three (3) year charity gaming license; minus
(2) the sum of any amounts deducted under IC 4-32.3-5-3(b)(5) with respect to the allowable events described in subdivision (1) in the year prior to the annual anniversary date of the issuance of the three (3) year charity gaming license.
(c) A qualified organization shall pay an annual fee determined under this section before the annual anniversary date of the issuance of the three (3) year charity gaming license, including a license issued under IC 4-32.2-4 (repealed). The annual fee that is charged to a qualified organization holding a three (3) year charity gaming license is equal to the amount determined according to the following schedule using the adjusted gross revenue of the qualified organization as specified by subsection (b):
|
Class |
Adjusted Gross Revenues |
Fee |
||||||||
|
|
At Least |
But Less Than |
|
|||||||
|
|
A |
|
$ |
0 |
$ |
15,000 |
|
$ |
50 |
|
|
B |
$ |
15,000 |
$ |
25,000 |
$ |
100 |
||||
|
C |
$ |
25,000 |
$ |
50,000 |
$ |
300 |
||||
|
D |
$ |
50,000 |
$ |
75,000 |
$ |
400 |
||||
|
E |
$ |
75,000 |
$ |
100,000 |
$ |
700 |
||||
|
F |
$ |
100,000 |
$ |
150,000 |
$ |
1,000 |
||||
|
G |
$ |
150,000 |
$ |
200,000 |
$ |
1,500 |
||||
|
H |
$ |
200,000 |
$ |
250,000 |
$ |
1,800 |
||||
|
I |
$ |
250,000 |
$ |
300,000 |
$ |
2,500 |
||||
|
J |
$ |
300,000 |
$ |
400,000 |
$ |
3,250 |
||||
|
K |
$ |
400,000 |
$ |
500,000 |
$ |
5,000 |
||||
|
L |
$ |
500,000 |
$ |
750,000 |
$ |
6,750 |
||||
|
M |
$ |
750,000 |
$ |
1,000,000 |
$ |
9,000 |
||||
|
N |
$ |
1,000,000 |
$ |
1,250,000 |
$ |
11,000 |
||||
|
O |
$ |
1,250,000 |
$ |
1,500,000 |
$ |
13,000 |
||||
|
P |
$ |
1,500,000 |
$ |
1,750,000 |
$ |
15,000 |
||||
|
Q |
$ |
1,750,000 |
$ |
2,000,000 |
$ |
17,000 |
||||
|
R |
$ |
2,000,000 |
$ |
2,250,000 |
$ |
19,000 |
||||
|
S |
$ |
2,250,000 |
$ |
2,500,000 |
$ |
21,000 |
||||
|
T |
$ |
2,500,000 |
$ |
2,750,000 |
$ |
23,000 |
||||
|
U |
$ |
2,750,000 |
$ |
3,000,000 |
$ |
25,000 |
||||
|
V |
$ |
3,000,000 |
$ |
3,250,000 |
$ |
27,000 |
||||
|
W |
$ |
3,250,000 |
$ |
3,500,000 |
$ |
29,000 |
||||
|
X |
$ |
3,500,000 |
$ |
3,750,000 |
$ |
31,000 |
||||
|
Y |
$ |
3,750,000 |
$ |
4,000,000 |
$ |
33,000 |
||||
|
Z |
$ |
4,000,000 |
$ |
4,250,000 |
$ |
35,000 |
||||
|
AA |
$ |
4,250,000 |
$ |
4,500,000 |
$ |
37,000 |
||||
|
BB |
$ |
4,500,000 |
$ |
4,750,000 |
$ |
39,000 |
||||
|
CC |
$ |
4,750,000 |
$ |
5,000,000 |
$ |
41,000 |
Cite this article: FindLaw.com - Indiana Code Title 4. State Offices and Administration § 4-32.3-6-7.5 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-4-state-offices-and-administration/in-code-sect-4-32-3-6-7-5/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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