Subpart 2 applies for the purpose of administering the direct deposit of taxes, breakage, and breeders' funds, pursuant to Minnesota Statutes, section 240.15.
Taxes, breakage, and breeders' funds collected by an association must be remitted to the commission no more than seven days after the end of the month in which they were collected. The remittance must be accomplished by a direct deposit in a financial institution designated by the commissioner of management and budget and approved by the commission or by delivery to the commission office. No more than seven days after the close of each month, the association must report to the commission all deposits of taxes, breakage, and breeders' funds for that month.
[Repealed, 24 SR 1568]
On each day that deposits are made by the association, a report must be filed with the commission containing the following recapitulation:
state's share of breakage; and
breeders' fund tax.
Separate recapitulations must be filed for each full card simulcast.
The class B licensee and pari-mutuel central processing provider shall provide electronically within 24 hours, a summary of pari-mutuel operations in a format prescribed by the commission.
10 SR 1908; 16 SR 1800; 18 SR 886; 20 SR 2592; 23 SR 1540; 24 SR 1568; L 2009 c 101 art 2 s 109; 41 SR 1322
June 8, 2017
Official Publication of the State of Minnesota
Revisor of Statutes