Section 296-9.001 - COMMISSION PROCEDURES FOR COLLECTING GAMING TAX9.001.01 The commission will establish procedures, using generally accepted accounting principles ("gaap") and using the american institute of cpa's (aicpa) audit and accounting guide for companies within the gaming industry as guidance. the commission's procedures will include the following provisions:9.001.02REPORTING REQUIREMENTS9.001.02A Quarterly Reports 9.001.02A(i) Authorized Gaming Operators will submit quarterly reports containing the gross gaming revenue from a Gaming Facility and other information as required by the Commission.9.001.02A(ii) The Commission will develop a form for use by Authorized Gaming Operators to submit the quarterly report.9.001.02B Annual Report; Taxable Year 9.001.02B(i) Authorized Gaming Operators will submit an annual report containing the gross gaming revenue from a Gaming Facility and other information as required by the Commission.9.001.02B(ii) The Commission will develop a form for use by Authorized Gaming Operators to submit the annual report.9.001.02C The taxable year will be calculated between July 1 of the previous year to June 30 of the year the tax is being reported.9.001.02D Three (3) months following the end of tax year, all annual reports, to include, but not be limited to, an annual independent audit of financial statements, will be due to the Commission Office.9.001.02E Based on extraordinary circumstances the Commission may provide extensions for submission of the annual report.9.001.03 Collection of Tax from Authorized Gaming Operator9.001.03A The State Treasurer, in conjunction with the Commission, will establish a procedure for the transfer of the tax funds collected by the Commission pursuant to the Act.9-001.03(B) Authorized Gaming Operators must pay such tax by the fifteenth of each month to the Racing and Gaming Commission."296 Neb. Admin. Code, ch. 9, § 296-9.001
Adopted effective 5/16/2022Amended effective 2/1/2023