313.055. Tax on organizations making certain prize awards--rate paid, when--delinquent, penalty.
Tax on organizations making certain prize awards--rate paid,when--delinquent, penalty.
313.055. 1. A tax is hereby imposed on each organization conductingthe game of bingo which awards to winners of bingo games prizes ormerchandise having an aggregate retail value of more than five thousanddollars annually and more than one hundred dollars in any single day. Thetax shall be in the amount of two-tenths of one cent upon each bingo cardand progressive bingo game card sold in Missouri to be paid by thesupplier. The taxes, less two percent of the total amount paid which maybe retained by the supplier, shall be paid on a monthly basis to thecommission, by each supplier of bingo supplies and shall be due on the lastday of the month following the month in which the bingo card was sold, withthe date of sale being the date on the invoice evidencing the sale, alongwith such reports as may be required by the commission. The taxes shall bedeposited in the state treasury, credited to the bingo proceeds foreducation fund.
2. All taxes not paid to the commission by the person or licenseerequired to remit the same on the date when the same becomes due andpayable to the commission under the provisions of sections 313.005 to313.085 shall bear interest at the rate to be set by the commission not toexceed two percent per calendar month, or fraction thereof, from and aftersuch date until paid. In addition, the commission may impose a penalty notto exceed three times the amount of taxes due for failure to submit thereports required by this section and pay the taxes due.
(L. 1981 H.B. 322 § 11, A.L. 1984 S.B. 720, A.L. 1993 S.B. 10 & 11, A.L. 1994 S.B. 427, A.L. 1996 H.B. 1159, A.L. 2007 S.B. 613 Revision)