Indiana § 4-31-9-3 - Taxation of amount wagered each day; computation; distribution
Full text of Indiana Indiana Code § 4-31-9-3 — Taxation of amount wagered each day; computation; distribution, with citation guidance and answers to common questions.
§ 4-31-9-3. Taxation of amount wagered each day; computation; distribution
Sec. 3. (a) At the close of each day on which a permit holder or satellite facility operator conducts pari-mutuel wagering on live racing or simulcasts at a racetrack or satellite facility, the permit holder or satellite facility operator shall pay to the department of state revenue a tax on the total amount of money wagered on that day as follows:
(1) Two percent (2%) of the total amount of money wagered under IC 4-31-7 at a permit holder's racetrack.
(2) Two and one-half percent (2.5%) of the total amount of money wagered under IC 4-31-5.5-6 at a permit holder's satellite facility.
(b) The taxes collected under subsection (a) shall be paid from the amounts withheld under section 1 of this chapter and shall be distributed as follows:
(1) The first one hundred fifty thousand dollars ($150,000) of taxes collected during each state fiscal year shall be deposited in the veterinary school research account established by IC 4-31-12-22.
(2) The remainder of the taxes collected during each state fiscal year shall be paid into the Indiana horse racing commission operating fund (IC 4-31-10).
(c) The tax imposed by this section is a listed tax for purposes of IC 6-8.1-1.
(d) The payment of the tax under this section must be reported and remitted electronically through the department's online tax filing program.
As added by P.L.341-1989(ss), SEC.2. Amended by P.L.24-1992, SEC.30; P.L.26-1996, SEC.1; P.L.186-2002, SEC.9; P.L.108-2019, SEC.70; P.L.165-2021, SEC.49; P.L.137-2022, SEC.3.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 4-31-9-3
What does Indiana Code § 4-31-9-3 cover?
Section 4-31-9-3 ("Taxation of amount wagered each day; computation; distribution") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 4-31-9-3?
A common citation format is "Indiana Code § 4-31-9-3" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 4-31-9-3 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.