Ariz. Admin. Code § 19-4-208

Current through Register Vol. 30, No. 50, December 13, 2024

Section R19-4-208 - Privilege Fee

A. As per A.R.S. § 5-1211(A), the established fee for the privilege of operating fantasy sports contests shall be 5% of fantasy sports contest adjusted revenues.

B. The responsible party has the option to choose either the cash accrual or modified accrual basis method of accounting for purposes of calculating the amount of the privilege fee.

C. The calculation of fantasy sports contest adjusted revenues shall be reported in a format required by the Department. The responsible party shall submit all necessary supporting documentation as directed by the Department to confirm the calculation of fantasy sports contest adjusted revenues. The report and supporting documentation shall be submitted to the Department no later than the 25th day of each month for the preceding month.

1. Fees paid pursuant to the Act and this Article shall be paid to the Department in the manner prescribed by the Department.

2. Following the Department's receipt of the annual audit pursuant to A.R.S. § 5-1204, any overpayment of fees by the responsible party shall be credited to the responsible party's next monthly fee payment. Any underpayment of fees shall be paid by the responsible party within 30 days of the Department's receipt of the annual audit.

Ariz. Admin. Code § R19-4-208

Adopted by final exempt rulemaking at 27 A.A.R. 1186, effective 7/26/2021. Amended by final exempt rulemaking at 28 A.A.R. 925, effective 4/15/2022.