13 Miss. Code. R. 15-1.2 - Fees
(a) For the privilege of conducting fantasy
contests in Mississippi, licensees shall pay to the Department of Revenue a fee
equivalent to eight percent (8%) of the operator's net Mississippi revenue.
(b) "Net Mississippi revenue"
means the amount equal to the total of all fantasy contest entry fees that an
operator collects from all players, less the total of all sums paid out as cash
prizes to all fantasy contest players, multiplied by the location percentage
for Mississippi.
(c) "Location
percentage" means, for each fantasy contest, the percentage of the total entry
fees collected from players located in Mississippi, divided by the total entry
fees collected by that operator from all players in fantasy contests, rounded
to the nearest one-hundredth of a percent (0.01%).
(d) The Commissioner of Revenue shall assess
and collect all taxes, fees, interest, penalties, damages, and fines imposed by
this chapter, and is hereby empowered to promulgate rules and regulations to
administer collection of the amounts due. The operator must register with the
Department of Revenue as a fantasy operator before commencing operations with
Mississippi players. Records or other documents submitted by or on behalf of
the licensee to the Mississippi Gaming Commission or Executive Director shall
be made available to the Commissioner of Revenue or his authorized agent upon
written request.
(e) The license
fees levied shall be due quarterly for the periods January through March, April
through June, July through September, and October through December, and payable
on or before the twentieth (20 th) day of the month
next succeeding the month in which the fees accrue. The licensee shall make a
return showing the net Mississippi revenue and compute the fee due for the
period.
Notes
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