Sec. 4. This section applies to an annual activity license under IC 4-32.3-4-5 and an annual gambling activity license under IC 4-32.3-4-11. A qualified organization's adjusted gross revenue is an amount equal to the difference between:
(1) the qualified organization's total gross revenue from allowable activities in the preceding year; minus
(2) the sum of any amounts deducted under IC 4-32.3-5-3(b)(5) in the preceding year.
As added by P.L.58-2019, SEC.4.