205 C.M.R. 140.01 – Description of Tax and Assessment

Pursuant to M.G.L. c. 23K, § 55, the following taxes and assessment shall be calculated and remitted to the commission on a daily basis:

(1) A category 1 licensee shall pay a daily tax of 25% on gross gaming revenue computed in accordance with 205 CMR 140.02.
(2) A category 2 licensee shall pay:
1. (a) A daily tax of 40% on gross gaming revenue computed in accordance with 205 CMR 140.02; and
2. (b) A daily assessment of 9% of its gross gaming revenue computed in accordance with 205 CMR 140.02 which shall be credited by the commission to the Race Horse Development Fund.