Section 41-4-8. – Collection of taxes — Interest on delinquencies — Failure to pay on demand.
§ 41-4-8. Collection of taxes — Interest on delinquencies — Failure to pay on demand. The tax administrator shall assess and collect the taxes imposed by this chapter under such rules and regulations as he or she may prescribe. All taxes hereby imposed shall be due and payable at the close of each day’s racing […]
Section 41-4-1. – Meets at which betting authorized — Types of mutuels.
§ 41-4-1. Meets at which betting authorized — Types of mutuels. (a) The division of gaming and athletics licensing may permit at racing events, licensed under the provisions of chapter 3 of this title, betting under pari-mutuel system, so-called, or auction mutuel system, so-called, except as otherwise provided in this chapter. (b) Events run under […]
Section 41-4-2. – Betting only at track — Minors prohibited.
§ 41-4-2. Betting only at track — Minors prohibited. The pari-mutuel system, so-called, or other form of betting system authorized by this chapter, shall not be used or permitted at any location other than the race track at which the horse racing event is licensed to be conducted. No licensee shall knowingly permit any minor […]
Section 41-4-3. – Tax on pari-mutuel betting.
§ 41-4-3. Tax on pari-mutuel betting. (a) Each licensee conducting racing events under the pari-mutuel system shall pay to the state, and there is hereby imposed: (1) A tax at the rate of three percent (3%) of the total money wagered on so-called straight (win, place, or show) wagering on the events; and (2) A […]
Section 41-4-4. – Licensee’s commission under pari-mutuel system.
§ 41-4-4. Licensee’s commission under pari-mutuel system. (a) Each licensee under the pari-mutuel system may retain as the licensee’s commission: (1) Not to exceed sixteen percent (16%) of the total amount of money wagered on so-called straight (win, place, or show) wagering on events; and (2) Not to exceed eighteen percent (18%) of the total […]
Section 41-4-4.1. – Support of division activities — Tax.
§ 41-4-4.1. Support of division activities — Tax. (a) Notwithstanding the provisions of § 41-4-3 or § 41-3.1-6, each licensee conducting racing events under the pari-mutuel system shall collect an additional five percent (5%) of all money wagered on the multiple pools at racing tracks. “Multiple pools” shall be defined as all forms of wagering […]
Section 41-4-5. – Taxes and license fees under auction mutuel system.
§ 41-4-5. Taxes and license fees under auction mutuel system. If events are conducted under the auction mutuel system the following taxes and license fees are hereby imposed: (1) As to Class B events, a tax of two percent (2%) of the total amount of money wagered and also a license fee of two hundred […]