(a) Fund established.--The Video Gaming Fund is established in the State Treasury. Money in the fund is hereby appropriated to the department on a continuing basis for the purposes under subsection (c).
(b) Video gaming terminal tax and assessments.--
(1) The department shall determine and each terminal operator licensee shall pay on a bimonthly basis:
(i) A tax of 42% of its gross terminal revenue from all video gaming terminals operated by the terminal operator licensee within this Commonwealth.
(ii) A 10% local share assessment from its gross terminal revenue.
(iii) A regulatory assessment established in section 4104 (relating to regulatory assessments) from the terminal operator licensee's weekly gross terminal revenue.
(2) All money owed under this section shall be held in trust by the terminal operator licensee until the money is paid or transferred to the Video Gaming Fund.
(3) Unless otherwise agreed to by the board, a terminal operator licensee shall establish a separate bank account to maintain gross terminal revenue until such time as the money is paid or transferred under this section.
(c) Transfers and distributions.--The department shall:
(1) Transfer the tax imposed under subsection (b) to the Video Gaming Fund.
(2) (Reserved).
(3) Transfer the regulatory assessment imposed under subsection (b) in accordance with section 4104.
Cross References. Section 4102 is referred to in sections 3102, 4103 of this title.
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