La. Admin. Code tit. 42 § III-2701

Current through Register Vol. 50, No. 6, June 20, 2024

Section III-2701 - Procedure for Reporting and Paying Gaming Revenues and Fees

A. All gaming revenue summary reports, together with all necessary subsidiary schedules, shall be submitted to the division no later than 48 hours from the end of the licensee's or casino operator's specified gaming day in a manner specified by the division.

1. For reporting purposes, the licensee's specified gaming day shall be submitted in writing to the division for approval prior to implementation.

2. Each licensee or casino operator shall have only one gaming day common to all its departments. Any change to the gaming day shall be submitted to the division 10 days prior to implementation of the change.

B. Riverboat

1. All riverboat license and franchise fees related thereto must be electronically transferred to the designated bank account as directed by the division. In addition to any other administrative action, civil penalties, or criminal penalties, riverboat licensees who are late in electronically transferring these fees may retroactively be assessed late penalties of 15 percent of the amount due per annum after notice and opportunity for a hearing held in accordance with the Act. Interest may be imposed on the late payment of fees at the daily rate of 0.00041 multiplied by the amount of unpaid fees for each day the payment is late.

C. Casino Operator

1. All Louisiana gross gaming revenue share payments must be electronically transferred to the designated bank account as directed by the division and the casino operating contract. Interest shall be imposed on the late payment of fees at the default interest rate as defined by the casino operating contract. In addition to any other administrative action, civil penalties, or criminal penalties allowed by law, casino operators or casino managers who are late in electronically transferring these payments may retroactively be assessed late penalties after notice and opportunity for a hearing held in accordance with the Act.

D. Licensed Eligible Facility

1. All taxes must be electronically transferred to the designated bank account as directed by the division. In addition to any other administrative action, civil penalties, or criminal penalties, licensed eligible facilities who are late in electronically transferring these taxes may retroactively be assessed late penalties of 15 percent of the amount due per annum after notice and opportunity for a hearing held in accordance with the Act. Interest may be imposed on the late payment of taxes at the daily rate of 0.00041 multiplied by the amount of unpaid taxes for each day the payment is late.

La. Admin. Code tit. 42, § III-2701

Promulgated by the Department of Public Safety and Corrections, Gaming Control Board, LR 38:1628 (July 2012).

AUTHORITY NOTE: Promulgated in accordance with R.S. 27:15 and 24.