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IN HB1262
Bill
Status
1/10/2017
Primary Sponsor
Edward Clere
Click for details
AI Summary
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Authorizes video gaming terminals in licensed establishments (retail establishments serving alcohol, truck stops, and charitable organization establishments) with maximum limits of 5 terminals in retail and charitable establishments and 10 in truck stops.
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Establishes comprehensive licensing structure requiring manufacturers, distributors, suppliers, operators, and establishments to obtain Indiana Gaming Commission licenses with initial fees ranging from $500 to $35,000 and annual renewal fees from $100 to $10,000.
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Imposes 30% wagering tax on adjusted gross receipts from video gaming, with revenue distributed as 35% to municipalities, 35% to counties, and 30% to state general fund (70% to counties for unincorporated areas).
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Allocates adjusted gross receipts from gaming operations as 30% to state (taxes), 30% to operator, and 40% to establishment under video gaming terminal installation contracts.
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Modifies charity gaming provisions to permit operators and workers (non-full-time employees) to receive remuneration and allows meals, recognition dinners, and social events if not constituting unreasonable expenditures; effective July 1, 2017.
Legislative Description
Video gaming terminals and charity gaming. Authorizes wagering on video gaming terminals in certain establishments. Establishes a licensing structure for participants in video gaming. Imposes a video gaming wagering tax of 30% of adjusted gross receipts. Allows an operator of or a worker at a charity gaming event (other than a full-time employee of the qualified organization conducting the event) to receive remuneration for conducting or assisting in conducting the event. Provides that meals, recognition dinners, and social events for operators and workers are permitted if they do not constitute an unreasonable expenditure in the conduct of an allowable event.
Last Action
First reading: referred to Committee on Public Policy
1/10/2017