006.06.21 Ark. Code R. 014 - Casino Gaming Rule 6.030
6.030 Procedure for reporting, using, and
paying gaming taxes and fees.
(a) Licensees
conducting casino gambling under the Amendment shall pay the net gaming
receipts tax:
(i) 13% on the first
$150,000,000 of net casino gaming receipts or any part thereof;
(ii) 20% on net casino gaming receipts
exceeding $150,000,001 or any part thereof;
(b) The net gaming receipts tax shall be
reported under oath and paid on a monthly basis on or before the twentieth day
of each month to the Director of the Department of Finance and Administration.
Reporting forms will be prescribed and furnished by the Director and shall show
the total net gaming receipts from casino gaming during the preceding calendar
month.
(c) The net gaming receipts
tax levied by this section is in lieu of any state or local gross receipts,
sales, or other similar taxes, and to this end the Arkansas Gross Receipts Tax
Act of 1941, § 2652-101 et seq., shall not be applicable to gross receipts
derived by Licensees from casino gammg.
(d) The net gaming casino receipts tax
payable to the Director of the Department of Finance and Administration under
subdivision (a)(i) of this section shall be administered by the Director
pursuant to the Arkansas Tax Procedure Act,§
26-18-101 et seq. However,
regulatory authority over licensing and other matters under these regulations
not relating to the administration, payment, and collection of the net gaming
receipts tax shall remain with the Arkansas Racing Commission.
(e) In accordance with Arkansas law, all net
gaming receipts tax received by the Director of the DF&A required by these
rules and the Amendment shall be deposited with the State Treasurer.
(f) Effective for licensure years beginning
on or after January 1, 2022, the Commission shall deposit all license fees and
license renewal fees of any type imposed under the Casino Gaming Rules in the
Arkansas Racing Commission Cash Fund, except the following, which shall be
deposited into the State Treasury as general revenue:
(i) The initial application fee imposed by
Casino Gaming Rule 2.13(8);
(ii)
The ten-year renewal fee imposed by Casino Gaming Rule 2.13(13); and
(iii) Any fines or penalties imposed by the
Commission.
(g) Effective
for licensure years beginning on or after January 1, 2022, if the Commission
collects investigative fees and costs, those fees and costs shall be deposited
in the fund that incurred the cost of the investigation.
(h) All fees and costs deposited in the
Arkansas Racing Commission Cash Fund shall be used by the Commission in its
discretion for the regulation of casino gaming or racing in the State of
Arkansas or any other activity over which it has authority.
Notes
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