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IN HB1428
Bill
Status
1/16/2018
Primary Sponsor
Robert Heaton
Click for details
AI Summary
HB 1428 Summary
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Authorizes the Indiana Gaming Commission to approve one supplemental gaming facility in Terre Haute, limited to licensed riverboat owners or racino permit holders who make at least a $150 million investment with 50% dedicated to non-gaming amenities.
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Caps gambling games at 750 per facility and requires local fiscal body approval from Terre Haute before the commission can issue a license.
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Imposes separate wagering taxes on the supplemental facility at 3% of adjusted gross receipts, with tax revenue split equally between Terre Haute and Vigo County, with remainder to state general fund.
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Requires annual payments of $3 million to the Department of Natural Resources for the West Baden Springs historic hotel preservation fund and $1 million to the Indiana Economic Development Corporation for a minority venture enterprise fund.
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Prohibits the supplemental gaming facility operator from entering into development agreements or making economic development payments to local governments, though existing obligations from other riverboat operations remain unaffected.
Legislative Description
Casino operations in Terre Haute. Authorizes the Indiana gaming commission (IGC) to approve one applicant to operate one supplemental gaming facility in Terre Haute. Requires an applicant to be a licensed owner of a riverboat or a permit holder operating a racino. Provides that the IGC may not approve an application unless the operation of a supplemental gaming facility has been approved by the fiscal body of Terre Haute. Establishes selection criteria. Provides that the number of gambling games at a supplemental gaming facility may not exceed 750, and establishes other operational requirements. Provides for the imposition, determination, and distribution
Last Action
First reading: referred to Committee on Public Policy
1/16/2018