Indiana § 4-35-7-12.5 - Annual transfer by licensee to the gaming integrity fund for taking and analyzing equine specimens
Full text of Indiana Indiana Code § 4-35-7-12.5 — Annual transfer by licensee to the gaming integrity fund for taking and analyzing equine specimens, with citation guidance and answers to common questions.
§ 4-35-7-12.5. Annual transfer by licensee to the gaming integrity fund for taking and analyzing equine specimens
Sec. 12.5. (a) A licensee shall annually withhold the sum of:
(1) the product of:
(A) seventy-five thousand dollars ($75,000); multiplied by
(B) the number of racetracks operated by the licensee;
from the amount that must be distributed under section 12(b) of this chapter; and
(2) forty-five hundredths percent (0.45%) of the adjusted gross receipts from the previous month at each casino operated by the licensee.
(b) A licensee shall transfer the amount withheld under subsection (a)(1) to the Indiana horse racing commission for deposit in the gaming integrity fund established by IC 4-35-8.7-3. Money transferred under this subsection must be used for the purposes described in IC 4-35-8.7-3(f)(1).
(c) A licensee shall transfer the amount withheld under subsection (a)(2) to the Indiana horse racing commission for deposit in the Indiana horse racing commission operating fund established by IC 4-31-10-2.
As added by P.L.213-2015, SEC.53. Amended by P.L.108-2019, SEC.77; P.L.168-2019, SEC.19; P.L.156-2020, SEC.10.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 4-35-7-12.5
What does Indiana Code § 4-35-7-12.5 cover?
Section 4-35-7-12.5 ("Annual transfer by licensee to the gaming integrity fund for taking and analyzing equine specimens") 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 § 4-35-7-12.5?
A common citation format is "Indiana Code § 4-35-7-12.5" (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 § 4-35-7-12.5 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.