Section 4-35-7-12.5 - Annual transfer by licensee to the gaming integrity fund for taking and analyzing equine specimens(a) A licensee shall annually withhold the sum of:(1) the product of:(A) seventy-five thousand dollars ($75,000); multiplied by(B) the number of racetracks operated by the licensee; from the amount that must be distributed under section 12(b) of this chapter; and
(2) forty-five hundredths percent (0.45%) of the adjusted gross receipts from the previous month at each casino operated by the licensee.(b) A licensee shall transfer the amount withheld under subsection (a)(1) to the Indiana horse racing commission for deposit in the gaming integrity fund established by IC 4-35-8.7-3. Money transferred under this subsection must be used for the purposes described in IC 4-35-8.7-3(f)(1).(c) A licensee shall transfer the amount withheld under subsection (a)(2) to the Indiana horse racing commission for deposit in the Indiana horse racing commission operating fund established by IC 4-31-10-2.Amended by P.L. 156-2020,SEC. 10, eff. 7/1/2020.Amended by P.L. 168-2019,SEC. 19, eff. 7/1/2019.Amended by P.L. 108-2019,SEC. 77, eff. 7/1/2019.Added by P.L. 213-2015, SEC. 53, eff. 7/1/2015.