N.M. Code R. § 15.4.10.11

Current through Register Vol. 35, No. 11, June 11, 2024

Section 15.4.10.11 - REPORTING AND PAYMENT PROCEDURES

A. Each licensee shall prepare an approved record covering each game of chance. This approved record shall disclose the following information:

(1) gross receipts collected from the sale of all bingo cards, pull-tabs or raffle tickets;

(2) the retail value of all promotional games;

(3) cash on hand at the commencement and at the conclusion of each occasion;

(4) signature of the bingo manager who oversees the occasion on all paperwork; and

(5) name, signature, and assigned duties of each employee for each occasion.

B. A bingo and raffle tax as established by statute, of any game of chance held, operated or conducted for or by a qualified organization shall be imposed on the qualified organization.

C. The tax imposed pursuant to this section shall be submitted quarterly to the New Mexico taxation and revenue department on or before April 25, July 25, October 25 and January 25.

D. Fees required under the act and all reports relating to taxes and fees shall be received by the board no later than the date specified.

N.M. Code R. § 15.4.10.11

15.4.10.11 NMAC - N, 4/15/2013, Adopted by New Mexico Register, Volume XXXII, Issue 04, February 23, 2021, eff. 2/23/2021