Ind. Code ch. 4-10-23

in effect

Ind. Code § 4-10-23-1 Application

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.4.

Ind. Code § 4-10-23-2 "Commission"

Sec. 2. As used in this chapter, "commission" refers to the Indiana motorsports commission created under IC 5-1-17.5. As added by P.L.233-2013, SEC.4.

Ind. Code § 4-10-23-3 "Credit"

Sec. 3. As used in this chapter, "credit" refers to a credit provided to the owner or owners of the qualified motorsports facility for the preceding state fiscal year under section 12 of this chapter. As added by P.L.233-2013, SEC.4.

Ind. Code § 4-10-23-4 "District"

Sec. 4. As used in this chapter, "district" refers to a motorsports investment district established under IC 5-1-17.5. As added by P.L.233-2013, SEC.4.

Ind. Code § 4-10-23-5 "Gross retail base period amount"

Sec. 5. As used in this chapter, "gross retail base period amount" means the aggregate amount of state gross retail and use taxes remitted under IC 6-2.5 by a taxpayer during the full calendar year of 2012 with respect to its operations in a district. As added by P.L.233-2013, SEC.4. Amended by P.L.190-2014, SEC.1.

Ind. Code § 4-10-23-6 "Gross retail incremental amount"

Sec. 6. As used in this chapter, "gross retail incremental amount" means the remainder of: (1) the aggregate amount of state gross retail and use taxes that are remitted under IC 6-2.5 by a taxpayer during a calendar year with respect to its operations in a district; minus (2) the gross retail base period amount. As added by P.L.233-2013, SEC.4. Amended by P.L.190-2014, SEC.2.

Ind. Code § 4-10-23-7 "Income tax base period amount"

Sec. 7. As used in this chapter, "income tax base period amount" means the aggregate amount of state adjusted gross income taxes paid or remitted by or on behalf of a taxpayer during the calendar year of 2012 with respect to income earned or attributable to the taxpayer's activities in the district. As added by P.L.233-2013, SEC.4. Amended by P.L.190-2014, SEC.3.

Ind. Code § 4-10-23-8 "Income tax incremental amount"

Sec. 8. As used in this chapter, "income tax incremental amount" means the remainder of: (1) the aggregate amount of state adjusted gross income taxes paid or remitted during a calendar year with respect to income earned or attributable to the taxpayer's activities in the district; minus (2) the income tax base period amount. As added by P.L.233-2013, SEC.4. Amended by P.L.190-2014, SEC.4.

Ind. Code § 4-10-23-9 "Qualified motorsports facility"

Sec. 9. 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.4.

Ind. Code § 4-10-23-10 Calculation of incremental amounts; reporting

Sec. 10. (a) Before the first business day in October of each year, the department of state revenue shall calculate the income tax incremental amount and the gross retail incremental amount for the preceding calendar year for the district. (b) Businesses operating in the district shall report, in the manner and in the form prescribed by the department of state revenue, information that the department determines necessary to calculate incremental gross retail, use, and income taxes. (c) It is the intent of this section to identify all sales, use, and income taxes of all taxpayers that are apportionable to the taxpayer's activities in the district. This section shall be broadly construed by the department of state revenue in order to achieve the purposes of IC 5-1-17.5. As added by P.L.233-2013, SEC.4. Amended by P.L.190-2014, SEC.5.

Ind. Code § 4-10-23-11 Determination of incremental amounts and admissions fees for preceding calendar year

Sec. 11. Before the first business day in November of each year, the department of state revenue shall determine the sum of the following amounts for the preceding calendar year for the district: (1) The income tax incremental amount. (2) The gross retail incremental amount. (3) The amount of admissions fees deposited in the state general fund under IC 6-8-14. As added by P.L.233-2013, SEC.4. Amended by P.L.190-2014, SEC.6.

Ind. Code § 4-10-23-12 Notification of amounts determined; credits against obligations

Sec. 12. The department of state revenue shall annually notify the Indiana finance authority, the commission, the budget agency, and the owner or owners of a qualified motorsports facility of the sum of: (1) the amount determined under section 11 of this chapter; and (2) the amount reverted to the state general fund from the motorsports facility fund established under IC 5-1-17.5-30.5; which sum shall be credited to the obligations of the owner or owners of a qualified motorsports facility in accordance with the provisions of IC 5-1-17.5. As added by P.L.233-2013, SEC.4. Amended by P.L.190-2014, SEC.7.

Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/4Fetched: 10/17/2026