Code of Massachusetts Regulations
205 CMR - MASSACHUSETTS GAMING COMMISSION
Title 205 CMR 140.00 - Gross gaming revenue tax remittance and reporting
Section 140.01 - Description of Tax and Assessment
Universal Citation: 205 MA Code of Regs 205.140
Current through Register 1531, September 27, 2024
Pursuant to M.G.L. c. 23K, § 55, the following taxes and assessment shall be calculated and remitted to the commission on a daily basis:
(1) A category 1 licensee shall pay a daily tax of 25% on gross gaming revenue computed in accordance with 205 CMR 140.02.
(2) A category 2 licensee shall pay:
(a) A daily tax of 40% on gross gaming
revenue computed in accordance with
205 CMR
140.02; and
(b) A daily assessment of 9% of its gross
gaming revenue computed in accordance with
205 CMR
140.02 which shall be credited by the
commission to the Race Horse Development Fund.
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