Indiana Senate Bill 540 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 14 2015 - 25% progression, died in committee
Action: 2015-01-14 - First Reading: referred to Committee on Public Policy
Pending: Senate Public Policy Committee
Text: Latest bill text (Introduced) [PDF]

Various gaming matters. Authorizes riverboats to move inland to adjacent properties. Replaces the riverboat admissions tax with a supplemental wagering tax. Eliminates the supplemental distribution from the existing wagering tax. Authorizes table games at the racinos. Imposes a separate wagering tax on table games. Establishes the Indiana gaming investment tax credit for certain capital investments that are made after December 31, 2015, and before January 1, 2021, by a licensed owner or operating agent of a riverboat or by a racino licensee. Provides that the amount of the tax credit is equal to 10% of the qualified capital investment made

Various gaming matters. Authorizes riverboats to move inland to adjacent properties. Replaces the riverboat admissions tax with a supplemental wagering tax. Eliminates the supplemental distribution from the existing wagering tax. Authorizes table games at the racinos. Imposes a separate wagering tax on table games. Establishes the Indiana gaming investment tax credit for certain capital investments that are made after December 31, 2015, and before January 1, 2021, by a licensed owner or operating agent of a riverboat or by a racino licensee. Provides that the amount of the tax credit is equal to 10% of the qualified capital investment made

Sen. Philip Boots [R]

Date	Chamber	Action
2015-01-14	Senate	First Reading: referred to Committee on Public Policy
2015-01-14	Senate	Authored by Senator Boots

Type	Source
Summary	https://iga.in.gov/legislative/2015/bills/senate/540/details
Text	http://iga.in.gov/static-documents/5/d/9/e/5d9ed4b2/SB0540.01.INTR.pdf