Prize Money Accruing Before July 1, 2002; Exemption

  1. Law
  2. Indiana Code
  3. Taxation
  4. State Income Taxes
  5. Imposition of Tax and Deductions
  6. Prize Money Accruing Before July 1, 2002; Exemption

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Sec. 14.1. Notwithstanding IC 6-3-4-8.2, a payment made after June 30, 2002, on prize money received from a winning lottery ticket purchased under IC 4-30 for a lottery held before July 1, 2002, is exempt from the adjusted gross income tax and supplemental net income tax (repealed) imposed by this article.

As added by P.L.269-2003, SEC.5. Amended by P.L.250-2015, SEC.20.


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