4-32.3-5-4. Donation of gross charity gaming receipts

IN Code § 4-32.3-5-4 (2019) (N/A)
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Sec. 4. (a) A qualified organization that receives at least ninety percent (90%) of the organization's total gross receipts from any activity under this article must donate sixty percent (60%) of its gross charitable gaming receipts less prize payout to a qualified recipient that is not an affiliate, a parent, or a subsidiary organization of the qualified organization.

(b) For purposes of this section, a veterans' home or hospital is not considered to be an affiliate, a parent, or a subsidiary organization of a qualified organization that is a bona fide veterans organization.

As added by P.L.58-2019, SEC.4.