HB 1004-31_ Filed 02/26/2002, 10:11 Server

MR. PRESIDENT:

    I move 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 insert:

SOURCE: IC 4-33-13-1; (02)MO100466.5. -->     "SECTION 5. IC 4-33-13-1 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%
    (b) 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.
    (c) The department may require payment under this section to be made by electronic funds transfer (as defined in IC 4-8.1-2-7 (e)).
    (d) 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 IC 4-33-12.
     (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 insert:

SOURCE: ; (02)MO100466.132. -->     "SECTION 132. [EFFECTIVE JULY 1, 2002] IC 4-33-13-1 , as 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.)

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