1. (a) A graduated slot machine wagering tax is imposed as follows on ninety-nine percent (99%) of the adjusted gross receipts received after June 30, 2012, and before July 1, 2013, on ninety-one and five-tenths percent (91.5%) of the adjusted gross receipts received after June 30, 2013, and before July 1, 2015, and on eighty-eight percent (88%) of the adjusted gross receipts received after June 30, 2015, from wagering on gambling games authorized by this article:

   1. (1) Twenty-five percent (25%) of the first one hundred million dollars ($100,000,000) of adjusted gross receipts received during the period beginning July 1 of each year and ending June 30 of the following year.
   2. (2) Thirty percent (30%) of the adjusted gross receipts in excess of one hundred million dollars ($100,000,000) but not exceeding two hundred million dollars ($200,000,000) received during the period beginning July 1 of each year and ending June 30 of the following year.
   3. (3) Thirty-five percent (35%) of the adjusted gross receipts in excess of two hundred million dollars ($200,000,000) received during the period beginning July 1 of each year and ending June 30 of the following year.
2. (b) A licensee shall remit the tax imposed by this section to the department before the close of the business day following the day the wagers are made.
3. (c) The department may require payment under this section to be made by electronic funds transfer (as defined in IC 4-8.1-2-7 (f)).
4. (d) If the department requires taxes to be remitted under this chapter through electronic funds transfer, the department may allow the licensee to file a monthly report to reconcile the amounts remitted to the department.
5. (e) The payment of the tax under this section must be on a form prescribed by the department.

As added by P.L.233-2007, SEC.21. Amended by P.L.172-2011, SEC.10; P.L.205-2013, SEC.72; P.L.210-2013, SEC.18; P.L.255-2015, SEC.43.