Bill > HB1235

This bill establishes a framework for video gaming terminals (VGTs) in Indiana, authorizing their operation in licensed establishments and imposing a 30% tax on adjusted gross receipts, which are defined as total wagers minus prizes paid out. The bill creates a licensing structure for various participants, including manufacturers, distributors, operators, and establishments, with specific requirements and restrictions for each. It also outlines the powers and duties of the Indiana Gaming Commission in regulating VGTs, including rule-making, investigations, and license issuance/revocation. The bill specifies that local governments are generally preempted from regulating video gaming, though they may pass ordinances to prohibit it after a certain date. It also details the types of establishments eligible for VGT licenses, such as fraternal organizations, veterans organizations, truck stops, and certain alcohol-serving establishments, while excluding others like horse tracks and riverboats. The bill sets standards for VGTs, including payout percentages and security features, and defines various terms related to video gaming. Finally, it clarifies that certain existing criminal offenses do not apply to video gaming authorized under this new law and designates the video gaming wagering tax as a "listed tax" for administrative purposes.