La. Admin. Code tit. 42 § XV-129
Current through Register Vol. 50, No. 11, November 20, 2024
Section XV-129 - Merchandise PrizesA. If a noncash prize is offered, the value of the prize will be determined by the fair market value of any such prize, which will be the amount reported to the state and the IRS for tax purposes. The corporation may pay withholding taxes on behalf of the winner in accordance with federal and state rules. The corporation will not be responsible for any other fees associated with the prize.La. Admin. Code tit. 42, § XV-129
Adopted by the Louisiana Lottery Corporation, February 18, 1992 and promulgated in The Advocate, February 28, 1992, amended October 21, 1994 and promulgated in The Advocate, October 28, 1994, repromulgated LR 23:66 (January 1997), Amended LR 47367 (3/1/2021).AUTHORITY NOTE: Promulgated in accordance with R.S.47:9001 et seq.