Indiana Administrative Code
Title 68 - INDIANA GAMING COMMISSION
Article 15 - ACCOUNTING RECORDS AND PROCEDURES
Rule 5 - Wagering Tax
Section 5-2 - Calculation of taxes

Universal Citation: 68 IN Admin Code 5-2

Current through September 18, 2024

Authority: IC 4-33-4; IC 4-35-4

Affected: IC 4-33-13-1.5; IC 4-35-8-1

Sec. 2.

(a) The casino licensee shall calculate the amount of wagering taxes to be paid by completing Form RG-1 in accordance with the applicable rules of the department, this rule, and the instructions that accompany Form RG-1. Only the:

(1) general manager;

(2) assistant general manager;

(3) finance officer; or

(4) others as approved by the commission; may sign as an officer on the RG-1.

(b) A casino licensee shall maintain an account at a designated financial institution capable of handling electronic fund transfers.

(c) The casino licensee shall submit the wagering tax liabilities via an Electronic Funds Transfer (EFT) system employing an automated clearinghouse debit method (ACH-debit) or other method approved by the department and the executive director.

(d) The casino licensee shall be required to file a Form RG-1 and remit the tax imposed by IC 4-33-13 to the department before the close of the business day following the day the wagers are made. In addition, a copy of Form RG-1 shall be filed with the commission.

(e) The casino licensee shall be required to maintain funds, at all times, sufficient to cover the tax liabilities due to the department in accordance with IC 4-33-13.

(f) The casino licensee that has not implemented flexible scheduling shall compute the amount of wagering tax due as set forth in IC 4-33-13-1 [IC 4-33-13-1 was repealed by P.L. 268-2017, SECTION 33, effective July 1, 2017.]. The casino licensee that has implemented flexible scheduling shall compute the amount of wagering tax due as set forth in IC 4-33-13-1.5 or IC 4-35-8-1.

(g) Casino licensees shall compute daily gross receipts in the following manner:

(1) Add the following figures as applicable:
(A) Total receipts from table games in accordance with section 3 of this rule.

(B) Total receipts from electronic gaming devices in accordance with section 4 of this rule.

(C) Net tournament receipts in accordance with section 5 of this rule.

(D) Net debit card receipts in accordance with section 6 of this rule.

(E) A tax remittance correction or adjustment, or both, in accordance with section 7 of this rule.

(2) Deduct the following figures:
(A) Allowable uncollectible gaming receivable deduction under 68 IAC 16-1-13 in accordance with section 8 of this rule.

(B) A tax remittance correction or adjustment, or both, in accordance with section 7 of this rule.

(h) If the amount of wagering tax due on a gaming day is a negative figure, the casino licensee shall remit no wagering tax for that gaming day but shall pay the appropriate amount of admission tax calculated under 68 IAC 15-6. Any negative wagering tax shall be carried over and calculated as an adjustment on Schedule E of Form RG-1 on the subsequent gaming days until the negative figure has been brought to a zero (0) balance.

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