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Can you summarize IC 4-36-9?
TYPE II GAMING IN ESTABLISHMENTS LICENSED TO SELL ALCOHOLIC BEVERAGES > Type II Gambling Game Excise Tax
Short Summary
The provided legal document content pertains to the Type II Gambling Game Excise Tax in Indiana. The excise tax is imposed on the distribution of Type II gambling games in establishments licensed to sell alcoholic beverages. The tax is set at ten percent (10%) of the price paid by the retailer that purchases the Type II gambling games. However, the excise tax does not apply to the distribution of tickets used in qualified drawings. Licensed entities distributing pull tabs, punchboards, or tip boards are liable for the tax. The tax is imposed when the licensed entity brings or causes the Type II gambling games to be brought into Indiana for distribution, distributes the games in Indiana, or transports the games to retailers in Indiana for resale. The department establishes procedures for licensees to account for the tax collected, the games sold, the funds received, and the retailers that purchased the games. Payments to the department must be made in the form of a check, draft, electronic funds transfer, or another authorized financial instrument. Licensees are required to remit all taxes on a monthly basis as directed by the department. The department may perform audits of licensees’ books and records to ensure compliance. All taxes collected under this chapter are deposited into the state general fund.
Whom does it apply to?
Licensed entities distributing pull tabs, punchboards, or tip boards under this article
What does it govern?
Type II gambling games in establishments licensed to sell alcoholic beverages
What are exemptions?
The excise tax does not apply to the distribution of tickets used in qualified drawings
What are the Penalties?
No specific penalties are mentioned
Jurisdiction
Indiana