(a) There is levied, assessed, and collected a gaming winnings tax of three percent (3%) on any single payment of winnings from electronic games of skill of one thousand two hundred dollars ($1,200) or more paid on a single electronic game of skill wager.
(b) The holder of a franchise to conduct electronic games of skill shall:
(1) Deduct and withhold the tax from winnings from electronic games of skill upon which the tax is levied by subsection (a) of this section; and
(2) Remit the tax to the Director of the Department of Finance and Administration as provided in ยง 26-51-1310 and as prescribed by rules promulgated by the director.
Section: Previous 26-51-1302 26-51-1303 26-51-1304 26-51-1305 26-51-1306 26-51-1307 26-51-1308 26-51-1309 26-51-1310 NextLast modified: November 15, 2016