January 27, 2000
HOUSE BILL No. 1296
_____
DIGEST OF HB 1296
(Updated January 26, 2000 12:45 PM - DI 58)
Citations Affected: IC 6-2.5; noncode.
Synopsis: Sales tax on riverboats. Provides a partial use tax exemption
for riverboats assessed as real property under the real property
assessment statute. Allows claims for refunds on use taxes paid since
1996.
Effective: January 1, 1996 (retroactive).
Harris
January 11, 2000, read first time and referred to Committee on Ways and Means.
January 26, 2000, reported _ Do Pass.
January 27, 2000
Second Regular Session 111th General Assembly (2000)
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HOUSE BILL No. 1296
A BILL FOR AN ACT to amend the Indiana Code concerning
taxation.
Be it enacted by the General Assembly of the State of Indiana:
SOURCE: IC 6-2.5-5-39; (00)HB1296.1.1. -->
SECTION 1.
IC 6-2.5-5-39
IS ADDED TO THE INDIANA CODE
AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE
JANUARY 1, 1996 (RETROACTIVE)]: Sec. 39. (a) As used in this
section, "riverboat casino" means a riverboat licensed under
IC 4-33 and defined as real property in
IC 6-1.1-1-15.
(b) The sale of a riverboat casino is exempt from the state gross
retail tax to the extent that the gross retail income from the sale is
not attributable to the cost of materials used in manufacturing the
riverboat casino.
(c) For purposes of this section, the part of the gross retail
income not attributable to the cost of materials used in
manufacturing a riverboat casino is thirty-five percent (35%) of
the gross retail income derived from the sale of the riverboat
casino.
(d) The gross retail income derived from the sale of a preowned
riverboat casino is exempt from the state gross retail tax.
SOURCE: ; (00)HB1296.1.2. -->
SECTION 2. [EFFECTIVE JANUARY 1, 1996 (RETROACTIVE)]
(a)
IC 6-2.5-5-39
, as added by this act, applies to sales occurring
after December 31, 1995.
(b) A person who has paid use tax on a riverboat sold after
December 31, 1995, and before July 1, 2000, may claim a refund of
use taxes paid to the extent the exemption added by
IC 6-2.5-5-39,
as added by this act,
applies.
SOURCE: ; (00)HB1296.1.3. -->
SECTION 3.
An emergency is declared for this act.