HOUSE BILL No. 1652
DIGEST OF INTRODUCED BILL
Synopsis: Riverboat tax exemption. Provides a partial use tax
exemption for riverboats assessed as real property under the real
property assessment law. Allows claims for refunds on use taxes paid
Effective: January 1, 1996 (retroactive).
January 17, 2001, read first time and referred to Committee on Ways and Means.
First Regular Session 112th General Assembly (2001)
PRINTING CODE. Amendments: Whenever an existing statute (or a section of the Indiana
Constitution) is being amended, the text of the existing provision will appear in this style type,
additions will appear in this style type
, and deletions will appear in
this style type.
Additions: Whenever a new statutory provision is being enacted (or a new constitutional
provision adopted), the text of the new provision will appear in this style type
. Also, the
will appear in that style type in the introductory clause of each SECTION that adds
a new provision to the Indiana Code or the Indiana Constitution.
Conflict reconciliation: Text in a statute in this style type
this style type
between statutes enacted by the 2000 General Assembly.
HOUSE BILL No. 1652
A BILL FOR AN ACT to amend the Indiana Code concerning
Be it enacted by the General Assembly of the State of Indiana:
SOURCE: IC 6-2.5-5-39; (01)IN1652.1.1. -->
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
(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
(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
(d) The gross retail income derived from the sale of a preowned
riverboat casino is exempt from the state gross retail tax.
SOURCE: ; (01)IN1652.1.2. -->
SECTION 2. [EFFECTIVE JANUARY 1, 1996 (RETROACTIVE)]
, 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, 2001, may claim a refund of
use taxes paid to the extent the exemption added by
as added by this act, applies.
SOURCE: ; (01)IN1652.1.3. -->
SECTION 3. An emergency is declared for this act.