IN SB0405

Authorizes advance deposit wagering on horse racing, allowing Indiana residents to place pari-mutuel wagers through licensed secondary pari-mutuel organizations via telephone, internet, or other electronic means, with a $5,000 application fee and $1,000 annual renewal fee

Permits licensed riverboat owners to convert self-propelled excursion boats into permanently moored vessels without propulsion or navigation equipment, eliminating requirements to employ marine crew previously needed to operate the vessels

Reduces the admissions tax at the French Lick riverboat from $4 to $3 per person and eliminates distributions to the Orange County development commission and West Baden Springs historic hotel preservation fund from admissions tax revenue

Caps slot machine revenue devoted to horse racing at racinos at the lesser of 15% of adjusted gross receipts or the previous year's amount multiplied by 1.03, replacing the previous Consumer Price Index-based cap

Grants the Indiana Gaming Commission continuous jurisdiction over development agreements and economic development payments, requiring annual reporting from recipients of such payments and third party recipients, with reports designated as public records