35 Miss. Code R. § 3-11-22-102
Current through May 31, 2024
Gaming winnings includes all amounts that are paid, whether in cash or other form, by gaming establishments to patrons which are subject to the withholding and/or reporting requirements of the Internal Revenue Code (IRC) as specified in Miss. Code Ann. Sections 27-7-901 and 27-7-903. Such amounts are not limited to cash or remuneration from play at a gambling game, but include, without limitation, amounts considered prizes, awards, tournament winnings or similar types of compensation. There is no reduction for tax withholdings or other reserves and may not be less than the amount reported for federal tax purposes. This is the amount that is subject to the withholding or reporting requirements of the IRC.
35 Miss. Code. R. § 3-11-22-102