(a) A claim center making a payment of lottery winnings on a single lottery ticket of more than five thousand dollars ($5,000) shall deduct and withhold an amount equal to seven percent (7%) of each payment of the lottery winnings.
(b) The amount deducted and withheld under this section from any lottery winnings paid to a person during the income year shall be credited against the income tax liability of that person under the Income Tax Act of 1929, ยง 26-51-101 et seq.
Section: Previous 26-51-2302 26-51-2303 26-51-2304 26-51-2305 26-51-2306 NextLast modified: November 15, 2016