Minnesota Administrative Rules
Agency 178 - Racing Commission
Chapter 7874 - HORSE RACING; REPORTING PAYMENTS
Part 7874.0100 - GENERAL PROVISIONS

Subpart 1. Scope.

Subpart 2 applies for the purpose of administering the direct deposit of taxes, breakage, and breeders' funds, pursuant to Minnesota Statutes, section 240.15.

Subp. 2. Payment of pari-mutuel taxes, breakage, and breeders' funds.

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.

Subp. 3. [Repealed, 24 SR 1568]

Subp. 4. Recapitulation.

On each day that deposits are made by the association, a report must be filed with the commission containing the following recapitulation:

Subp. 5. Wagering recapitulation.

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.