HB 1004-31_ Filed 02/26/2002, 10:11 Server
that Engrossed House Bill 1004 be amended to read as follows:
SOURCE: Page 9, line 3; (02)MO100466.9. -->
Page 9, delete lines 3 through 42.
Delete pages 10 through 11.
Page 12, delete lines 1 through 32, begin a new paragraph and
SOURCE: IC 4-33-13-1; (02)MO100466.5. -->
IS AMENDED TO READ AS
FOLLOWS [EFFECTIVE JULY 1, 2002]: Sec. 1. (a)
A tax is imposed
on the adjusted gross receipts received from gambling games
authorized under this article at the rate
of twenty percent (20%) of the
amount of the adjusted gross receipts set forth in the following table:
Adjusted Gross Receipts
Reported During the State Fiscal Year Tax Rate
Less than $100,000,000 20%
At least $100,000,000 but
less than $150,000,0000 22.5%
At least $150,000,000 but
less than $200,000,000 23.5%
At least $200,000,000 24.5%
The licensed owner shall remit the tax imposed by this chapter
to the department before the close of the business day following the
day the wagers are made.
The department may require payment under this section to be
made by electronic funds transfer (as defined in
If the department requires taxes to be remitted under this
chapter through electronic funds transfer, the department may allow
the licensed owner to file a monthly report to reconcile the amounts
remitted to the department.
(e) The department may allow taxes remitted under this section to
be reported on the same form used for taxes paid under
(f) Each month the department shall determine the following:
(1) The amount of taxes imposed by this chapter that are
remitted by a licensed owner.
(2) The amount of taxes imposed by this chapter that would
have been remitted by a licensed owner if the licensed
owner's adjusted gross receipts received from gambling
games authorized by this article had been taxed at the rate of
twenty percent (20%).
(3) The result of the subdivision (2) amount multiplied by
twenty-five percent (25%).
(4) The result of the subdivision (2) amount multiplied by
seventy-five percent (75%).
(5) The result of the subdivision (1) amount minus the
subdivision (2) amount.".
SOURCE: Page 149, line 15; (02)MO100466.149. -->
Page 149, between lines 15 and 16, begin a new paragraph and
SOURCE: ; (02)MO100466.132. -->
"SECTION 132. [EFFECTIVE JULY 1, 2002]
amended by this act, applies to riverboat wagering taxes collected
after June 30, 2002.
Renumber all SECTIONS consecutively.
(Reference is to EHB 1004 as printed February 22, 2002.)
MO100466/DI 92 2002