Section 55 - Daily Tax and Assessment Payable by Category 1 and Category 2 Licensees

MA Gen L ch 23k § 55 (2019) (N/A)
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Section 55. (a) A category 1 licensee shall pay a daily tax of 25 per cent on gross gaming revenues.

(b) A category 2 licensee shall pay a daily tax of 40 per cent on gross gaming revenue.

(c) In addition to the tax imposed under subsection (b), a category 2 licensee shall pay a daily assessment of 9 per cent of its gross gaming revenue to the Race Horse Development Fund established in section 60.

(d) Taxes imposed under this section shall be remitted to the commission by a gaming licensee the day following each day of wagering.