Sec. 5. (a) This section applies only to the renewal of a single activity license issued under IC 4-32.3-4-6, a single gambling activity license issued under IC 4-32.3-4-11, and a festival license issued under IC 4-32.3-4-7.
(b) A qualified organization's adjusted gross revenue is an amount equal to the difference between:
(1) the qualified organization's total gross revenue from the preceding activity; 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.