Indiana Administrative Code
Title 68 - INDIANA GAMING COMMISSION
Article 15 - ACCOUNTING RECORDS AND PROCEDURES
Rule 5 - Wagering Tax
Section 5-5 - Tournament receipts
Universal Citation: 68 IN Admin Code 5-5
Current through September 18, 2024
Authority: IC 4-33-4; IC 4-35-4
Affected: IC 4-33; IC 4-35
Sec. 5.
The casino licensee shall compute the net tournament receipts to be used in arriving at the daily adjusted gross receipts in the following manner:
(1) Add the total receipts from tournaments.
(2) Deduct tournament payouts, including prizes at their historical cost basis.
The casino licensee may not take a deduction for net tournament receipts if the computation results in a negative number.
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