The final return for the fees or taxes upon gross revenues, which includes all municipal or county fees, is due on the 20th day of the month following the month in which the tax accrues. This return shall be a reconciliation of weekly reports and prepayments or deposits made by the licensee.
1. A weekly report shall be made to the Department which identifies all gross revenues from slot machines, table games and card games and all other gaming revenue for the week which shall begin Sunday and end on Saturday. A prepayment or deposit of the fees and taxes due for the week must be included with the report. The report and the fee deposit must be received by the Department no later than 5:00 p.m. Friday of the following week.2. When a month's end falls within a week, the licensee shall prepare a weekly report through the last day of the month, and another report beginning the first day of the month. The licensee may remit his prepayments for the partial weeks together through the electronic funds transfer. Penalty and interest will be due on any deposits and/or reports not received by Friday of the following week.3. The licensee's reconciliation return for the month should indicate any corrections for the weekly reports and provide final gross revenue figures for the month. If the licensee has underpaid his tax, the licensee is required to remit the additional tax with the return. No interest or penalty will be due on the additional payment provided that the return is filed timely and that the total additional payment does not exceed 5% of the total liability for the month.4. If the licensee has overpaid his tax, then he will be allowed to take credit for that overpayment. The Department will provide a letter of credit to the licensee to be attached to his report or return as verification of the credit amount.5. If a licensee fails to report his weekly earnings and remit his weekly deposit at the time provided, the Department shall issue a jeopardy assessment and warrant following administrative procedures as provided for by Miss. Code Ann. Sections 75-76-81, 27-65-61, 27-65-63 and 27-65-65.35 Miss. Code. R. § 5-02-02-101