Annual affiliate license; determination of adjusted gross revenue

Ind. Code § 4-32.3-6-6
in effect
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Sec. 6. (a) This section applies only to the renewal of an annual affiliate license under IC 4-32.3-4-8. (b) A qualified organization's adjusted gross revenue is an amount equal to the difference between: (1) the qualified organization's total gross revenue; minus (2) any amount deducted under IC 4-32.3-5-3(b)(5) for the preceding activity. (c) For purposes of determining adjusted gross revenue under subsection (b), a qualified organization must aggregate: (1) the gross revenue from all activities by the qualified organization's Indiana affiliates under the qualified organization's annual affiliate license in a particular year; and (2) the deductions taken with respect to the activities described in subsection (b) by all of the qualified organization's Indiana affiliates in particular year. As added by P.L.58-2019, SEC.4.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/4Fetched: 10/17/2026

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