Mass. Gen. Laws ch. 10 § 39

Current through Chapter 223 of the 2024 Legislative Session

Section 10:39 - Beano; gross receipt tax; returns; disposition and crediting of receipts

Any organization operating or conducting a game under section thirty-eight shall file a return with the commission, on a form prepared by it, within ten days after such game is held or within such further time as the commission may allow, and shall pay therewith a tax of five per cent of the gross receipts derived from such game. All such returns shall be public records.

All sums received by said commission from the tax imposed by this section as taxes, interest thereon, fees, penalties, forfeitures, costs of suits or fines, less all amounts refunded thereon, together with any interest or costs paid on account of such refunds, shall be paid into the treasury of the commonwealth and shall be credited as follows:

(a) Two fifths of all such sums received shall be credited to the State Lottery and Gaming Fund established under the provisions of section thirty-five and, subject to appropriation, the state lottery commission may expend such sums for the expenses incurred in the administration of sections thirty-seven and thirty-eight.

(b) Three-fifths of all such sums received shall be credited to the General Fund.

(c) Any unappropriated balance remaining in the State Lottery and Gaming Fund from the sums credited under subsection (a), as determined by the comptroller as of June first and December first of each year, shall be credited to the General Fund.

Mass. Gen. Laws ch. 10, § 39

Amended by Acts 2012, c. 165,§ 105, eff. 1/1/2013.

Amended by Acts 2011, c. 194,§ 6, eff. 2/20/2012.