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IC 6-8-14
Chapter 14. Motorsports Admissions Fee
IC 6-8-14-1
Application of chapter
Sec. 1. This chapter applies to a motorsports investment district
established under IC 5-1-17.5.
As added by P.L.233-2013, SEC.9.
IC 6-8-14-2
"Qualified motorsports facility"
Sec. 2. As used in this chapter, "qualified motorsports facility" has
the meaning set forth in IC 5-1-17.5-14.
As added by P.L.233-2013, SEC.9.
IC 6-8-14-3
"Race day"
Sec. 3. As used in this chapter, "race day" means a day on which
a race is conducted in which a competitor may earn points toward a
series championship.
As added by P.L.233-2013, SEC.9.
IC 6-8-14-4
Admissions fee imposed; amount
Sec. 4. (a) An admissions fee is imposed on each person charged
for admission to a qualified motorsports facility on a race day. The
admissions fee equals:
(1) the price of each admission to a qualified motorsports
facility; multiplied by
(2) the applicable percentage determined under subsection (b).
(b) The applicable percentage is as follows:
(1) Six percent (6%) on any admissions charge of at least one
hundred fifty dollars ($150).
(2) Three percent (3%) on any admissions charge of at least one
hundred dollars ($100) but less than one hundred fifty dollars
($150).
(3) Two percent (2%) on any admissions charge of less than one
hundred dollars ($100).
(c) The fee imposed under subsection (a) does not apply to any
amount charged for parking at a qualified motorsports facility.
As added by P.L.233-2013, SEC.9.
IC 6-8-14-5
Liability for admissions fee
Sec. 5. Each person who pays a price for admission to a qualified
motorsports facility on a race day is liable for the fee imposed under
this chapter.
As added by P.L.233-2013, SEC.9.
IC 6-8-14-6
Collection of admissions fee
Sec. 6. The person who collects the price for admission shall also
collect the admissions fee imposed with respect to the price for
admission. The person shall collect the fee at the same time the price
for admission is paid, regardless of whether the price paid is for a
single admission, for season tickets, or for any other admission
arrangement. In addition, the person shall collect the fee as an agent
of the state.
As added by P.L.233-2013, SEC.9.
IC 6-8-14-7
Remitting of admissions fees; filing of returns
Sec. 7. A person who collects an admissions fee under section 6
of this chapter shall remit the fee collections to the department of
state revenue. The person shall remit the fees collected during a
particular month before the fifteenth day of the following month. At
the time the fees are remitted, the person shall file a return on the
form prescribed by the department of state revenue.
As added by P.L.233-2013, SEC.9.
IC 6-8-14-8
Deposit of admissions fees into state general fund
Sec. 8. The department of state revenue shall deposit the fees
remitted under this chapter in the state general fund.
As added by P.L.233-2013, SEC.9.
IC 6-8-14-9
Expiration of admissions fee
Sec. 9. The admissions fee expires on the later of:
(1) the date on which the Indiana finance authority certifies to
the Indiana motorsports commission, the department of state
revenue, and the qualified motorsports facility that all bonds
issued by the Indiana finance authority under IC 5-1-17.5 are no
longer deemed outstanding; or
(2) the date on which the department of state revenue certifies
to the Indiana finance authority, the Indiana motorsports
commission, and the qualified motorsports facility that the
aggregate amount of credits provided to the owner or owners of
the qualified motorsports facility under IC 4-10-23 equals or
exceeds the aggregate of the amount of the appropriations made
to the Indiana motorsports commission and used to pay rent by
the Indiana motorsports commission to the Indiana finance
authority under any lease entered into between the Indiana
finance authority and the Indiana motorsports commission under
IC 5-1-17.5 and any expenses that are incurred by the Indiana
finance authority or the Indiana motorsports commission under
IC 5-1-17.5 and are not paid out of such rent.
As added by P.L.233-2013, SEC.9.
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