W. Va. Code R. § 179-5-29
Current through Register Vol. XLI, No. 36, September 6, 2024
Section 179-5-29 - Pay over of state's share of gross terminal income when electronic funds transfer is inoperative29.1. The commission shall monthly transfer from each permittee's bank account the state's share of gross terminal income as calculated under subdivision 27.2.g of this rule.29.2. The permittee shall remit payment by mail if the electronic transfer of funds is not operational or the commission notifies the permittee that remittance by this method is required.29.3. Using the commission's statement under W.Va. Code § 29-22B-1408, the permittee shall report, for each video lottery terminal operated by a licensee, the following information on forms prepared and supplied by the commission: 29.3.c. Gross terminal income;29.3.d. Two percent of gross terminal income for the commission's administrative expenses;29.3.f. The commission's share rate applicable to gross profits for the current quarter; and29.3.g. The lottery commission's two percent of gross terminal income plus the commission's net terminal income to be swept from the permittee's account by electronic fund transfer.29.4. The permittee shall remit to the commission the amount calculated in subdivision 29.3.g of this rule; 29.4.a. The remittance shall be sealed in a properly addressed and stamped envelope and deposited in the United States mail no later than noon on the tenth day of the month that follows the month for which the report is made; and29.4.b. If the tenth day of the month falls on a Saturday, Sunday or legal holiday, the due date shall be the next day that is not a Saturday, Sunday or legal holiday.29.5. The rule regarding non-sufficient funds messages from the permittee's depository bank contained in subsection 27.4 and subdivisions 27.4.a through 27.4.c of this rule also apply to payments made by check to the commission under provisions of this section.W. Va. Code R. § 179-5-29