2005 Idaho Code - 54-411 — STATEMENT AND REPORT OF EVENT -- TAX ON GROSS RECEIPTS

                                  TITLE  54
                    PROFESSIONS, VOCATIONS, AND BUSINESSES
                                  CHAPTER 4
                          STATE ATHLETIC COMMISSION
    54-411.  STATEMENT AND REPORT OF EVENT -- TAX ON GROSS RECEIPTS. (1) Any
promoter as herein provided shall, within seven (7) days prior to the holding
of any boxing contest or exhibition, file with the commission a statement
setting forth the name of each contestant, his manager or managers and such
other information as the commission may require. Any promoter shall, within
seven (7) days before holding any wrestling exhibition, file with the
commission a statement setting forth the name of each contestant, his manager
or managers and such other information as the commission may require.
Participant changes within a twenty-four (24) hour period regarding a
wrestling exhibition may be allowed after notice to the commission, if the new
participant holds a valid license under this chapter. Within seventy-two (72)
hours after the termination of any contest or exhibition the promoter shall
file with the designated commission representative a gross receipts report,
duly verified as the commission may require showing the number of tickets sold
for such contest, the price charged for such tickets and the gross receipts
thereof, and such other and further information as the commission may require.
The promoter shall pay to the commission at the time of filing the above
report a tax equal to five percent (5%) of the gross receipts for deposit by
the commission.
    (2)  The number of complimentary tickets shall be limited to two percent
(2%) of the total tickets sold per event location. All complimentary tickets
exceeding this set amount shall be subject to taxation.
    (3)  Gross receipts reports signed under oath shall also include:
    (a)  The name of the promoter;
    (b)  The boxing contest, boxing exhibition or wrestling exhibition
    sanctioning permit number;
    (c)  The promoter's business address and any license or sanctioning permit
    number required of such promoter by law;
    (d)  Gross receipts as specified by this section, during the period
    specified by this section; and
    (e)  Such further information as the commission may require to enable it
    to compute correctly and collect the assessment levied pursuant to this
    section.
    (4)  In addition to the information required on gross receipts reports,
the commission may request, and the promoter shall furnish, any information
deemed necessary for a correct computation of the assessment levied pursuant
to this section.
    (5)  All levies pursuant to this section shall be collected by the
commission and shall be deposited in the state treasury to the credit of the
state athletic commission fund.
    (6)  The moneys collected from the assessment levied pursuant to the
provisions of this section shall be in addition to all other revenues and
funds received by the state athletic commission.
    (7)  The promoter shall compute and pay to the commission the required
assessment due. If the payment of the assessment is not postmarked or
delivered to the commission as specified in subsection (1) of this section,
the assessment shall be delinquent from such date.
    (8)  It shall be the duty of every promoter required to make a gross
receipts report and pay any assessment pursuant to the provisions of this
section to keep and preserve suitable records and documents which may be
necessary to determine the amount of assessment due as will substantiate and
prove the accuracy of such reports. All such records shall be preserved for a
period of three (3) years, unless the commission, in writing, has authorized
their destruction or disposal at an earlier date, and shall be open to
examination at any time by the commission or by its authorized agents.