New Jersey Administrative Code › Title 13 - LAW AND PUBLIC SAFETY › Chapter 69L - TAXES › Subchapter 1 - GROSS REVENUE TAX; INTERNET GAMING GROSS REVENUE TAX; TAXES ON SPORTS WAGERING › Section 13:69L-1.5 - Payment of taxes

Current through Register Vol. 56, No. 14, July 15, 2024
(a) All gaming gross revenue taxes, including
				casino, internet, sports wagering, and online sports wagering, shall be due and
				payable annually on or before the 15th calendar day of March except that if the
				15th calendar day of March is a Saturday, Sunday, or legal holiday, the due
				date shall be advanced to the next regular business day. The gross revenue tax
				shall be based upon the gross revenue derived by the casino operator during the
				previous tax year.
(b) The annual
				nature of the gross revenue tax notwithstanding, the casino operator shall make
				weekly deposits of the tax at such times, under such conditions, and in such
				depositories as shall be prescribed by the Division of Taxation pursuant to
				subsection 145b of the Act, provided that deposits for a given week shall be
				made no later than the Monday of the succeeding week. If such Monday is a legal
				holiday, the deposit shall be made on the next business day. In the event that
				the week for which the weekly deposit is being made includes gaming days from
				two calendar months, the casino operator shall deposit and report separately,
				the amount of the deposit attributable to the gaming days of each month. The
				deposits shall be deposited to the credit of the Casino Revenue Fund. The
				amount of gross revenue upon which the weekly tax payment is based shall be
				filed with the Division concurrently with the payment to the State
				Treasurer.
(c) The amount of the
				required gross revenue tax weekly deposit for a given week shall be determined
				by subtracting the total amount of deposits made by the casino operator in the
				current tax year up to and including the week preceding the given week from the
				total tax liability incurred by the casino operator for the current tax year.
				The total tax liability for the current tax year shall be based upon the gross
				revenue derived by the casino operator from the commencement of the current tax
				year to the end of the gaming day which commenced on the Friday of the given
				week. Any casino operator that estimates slot machine drop pursuant to
				13:69L-1.7(c) 
				shall include a weekly slot machine drop estimate, calculated in accordance
				with methodology approved pursuant to that subsection, in each weekly tax
				deposit required by this section.
(d) The amount of gross revenue tax deposits
				required for a given month shall be the amount determined by subtracting the
				total amount of deposits made by the casino operator in the current tax year up
				to and including the month preceding the given month from the total tax
				liability incurred by the casino operator for the current tax year. The total
				tax liability for the current tax year shall be based upon the gross revenue
				derived by the casino operator from the commencement of the tax year to the end
				of the gaming day which commenced on the last calendar day of the given
				month.
(e) In the event that the
				total amount of gross revenue tax deposits made for the entire tax year is
				determined to be less than the annual tax liability for the entire year, the
				casino operator shall remit the requisite additional payment to the Division of
				Taxation. In the event that the total amount of such deposits is determined to
				be greater than the annual gross revenue tax liability, the casino operator may
				reduce the amount of its weekly deposits in the succeeding tax year by the
				amount of the overpayment, provided, however, that the casino operator shall
				not claim any such credit against deposits unless the Division of Taxation
				first certifies the existence and amount of the overpayment. Nothing in this
				section shall limit any authority of the Division of Taxation under sections
				149 and 150 of the Act and the "State Tax Uniform Procedure Law," Section 9 of
				Title 54 of the Revised Statutes, including the authority to determine the
				insufficiency of any gross revenue tax deposit or deposits, to require payments
				of penalties and interest or to allow or disallow any claim for refund due to
				overpayment of taxes.
(f) The
				Internet gaming gross revenue tax for each month shall be due and payable
				monthly on or before the 10th calendar day of the next month in such depository
				as shall be prescribed by the Division, except that if the 10th calendar day is
				a Saturday, Sunday, or legal holiday, the due date shall be advanced to the
				next regular business day.
(g) The
				sports wagering and/or online sports wagering gross revenue tax, including for
				either a casino or racetrack, for each month shall be due and payable monthly
				on or before the 10th calendar day of the next month in such depository as
				shall be prescribed by the Division, except that if the 10th calendar day is a
				Saturday, Sunday, or legal holiday, the due date shall be advanced to the next
				regular business day.
(h) Nothing
				in this section shall limit the authority of the Division under the "State Tax
				Uniform Procedure Law," Section 9 of Title 54 of the Revised Statutes, to
				require payments of penalties and interest on the insufficiency of any Internet
				gaming, casino sports wagering, casino online sports wagering, racetrack sports
				wagering, and racetrack online sports wagering gross revenue tax deposit or to
				allow or disallow any claim for refund due to an overpayment of such taxes.
				Interest shall be calculated from the date the tax was originally due through
				the actual date of payment provided, however, that if the deficiency is paid
				within 10 business days from the date of the Division's tax deficiency notice,
				interest shall be calculated through the date of such notice.