US Laws, Codes, Statutes & Cases

 
    §  219. State tax. 1. Every corporation, association or person holding
  a race meeting pursuant to this article shall collect in addition to the
  admission price of tickets sold or otherwise disposed of, for each  such
  meeting   held  by  such  corporation,  association  or  person,  a  tax
  equivalent to four per centum of  such  admission  price  which  tax  is
  hereby imposed. In case of failure to collect such tax the same shall be
  imposed  upon  the  corporation,  association or person holding the race
  meeting. Such tax shall be paid to the state tax commission  within  ten
  days  after the close of each such race meeting, provided, however, that
  if the race meeting continues for a period of more than thirty days  the
  tax  shall  be  paid at such regular intervals as the tax commission may
  require. The payment of tax shall be accompanied by a report under  oath
  showing   the  total  of  all  such  taxes,  together  with  such  other
  information as the tax commission may require. The amounts so  collected
  shall  be paid into the state treasury to the credit of the general fund
  to be appropriated up to the extent  of  two  hundred  thousand  dollars
  annually  by  the  legislature  for  the  benefit  of agricultural fairs
  entitled to  share  in  the  distribution  of  moneys  for  agricultural
  purposes.  Before  any  corporation, association or person liable to pay
  the tax hereby imposed shall hold any race meeting, or exercise  any  of
  the  powers  conferred by section two hundred four of this chapter, they
  shall pay all taxes theretofore due; and shall file a statement with the
  tax commission containing the name of the place  and  stating  the  time
  when such races are to be held. Nothing in this section shall apply to a
  race  meeting  conducted  by  any  state,  county  or other agricultural
  association.
    2. The tax commission shall have the power to examine or cause  to  be
  examined  the  books and records of the corporation, association, person
  or persons so conducting any such race meeting, and may  hear  testimony
  and  take proofs material for its information; and therefrom or from any
  other data which shall be satisfactory to  it  the  tax  commission  may
  order  and state an account for the tax due the state, together with the
  expense of such examination. A penalty of five per centum  and  interest
  at the rate of one per centum per month from the due date to the date of
  payment  of  the  tax  shall  be payable in case any tax imposed by this
  section is not paid when due.