N.J. Admin. Code § 13:69L-1.7

Current through Register Vol. 56, No. 21, November 4, 2024

Section 13:69L-1.7 - Return and reports

(a) The casino operator shall file with the Division of Taxation an annual tax return for purposes of the gross revenue tax. The return shall be filed no later than March 15 following the tax year. Filing of the annual tax return shall satisfy the reporting of gross revenue requirement imposed by subsection 148a of the Act. The annual tax return shall be made on a form promulgated and distributed by the Division of Taxation pursuant to section 151 of the Act.

(b) On or before the 10th calendar day of each month, the casino operator shall file a monthly gross revenue report with the Division, and a monthly gross revenue tax return with the Division of Taxation, which shall reflect the amount of gross revenue derived during the preceding month, the amount of tax deposits required for that month, the amount of gross revenue derived during the year to the end of the preceding month, and the tax liability for the year calculated to the end of the preceding month.

1. The monthly gross revenue report shall be on a form promulgated and distributed by the Division, pursuant to section 145 of the Act.

2. The monthly gross revenue tax return shall be on a form promulgated by the Division of Taxation, and shall be filed and paid by electronic means.

(c) For purposes of the monthly gross revenue reports required in (b)1 above and the monthly gross revenue tax return required in (b)2 above, the casino operator may estimate slot machine drop provided that:

1. Such estimates are calculated through an approved system of reading and recording slot machine meters pursuant to 13:69D-1.42(s);

2. Such estimates are calculated in accordance with methodology approved by the Division;

3. The approved methodology is utilized for each monthly gross revenue report, except that the casino operator may discontinue use of such methodology upon 30 days prior written notice to the Division and with prior Division approval; and

4. The casino operator complies with the requirements of 13:69L-1.5(c).

(d) The casino operator shall file with the Division a summary report of the Internet gross gaming revenue for each weekly period of Saturday through Friday no later than the Monday of the succeeding week. If such Monday is a legal holiday, the summary report shall be made on the next business day. In the event that the weekly period includes gaming days from two calendar months, the casino operator shall report separately the amount of revenue attributable to the gaming days of each month.

(e) On or before the 10th calendar day of each month, the casino operator shall file a monthly Internet gaming gross revenue tax return with the Division which shall reflect the amount of gross revenue derived during the preceding month and the associated tax paid.

(f) The casino or racetrack licensee shall file with the Division a summary report of all sports wagering and online sports wagering gaming revenue for each weekly period of Saturday through Friday, no later than the Monday of the succeeding week. If such Monday is a legal holiday, the summary report shall be made on the next business day. In the event that the weekly period includes gaming days from two calendar months, the casino or racetrack licensee shall report separately the amount of revenue attributable to the gaming days of each month.

(g) On or before the 10th calendar day of each month, the casino or racetrack licensee shall file a monthly sports wagering and online sports wagering gross revenue tax return with the Division, which shall reflect the amount of revenue derived during the preceding month and the associated tax paid.

N.J. Admin. Code § 13:69L-1.7

Amended by 50 N.J.R. 1652(a), effective 7/16/2018

Amended by 51 N.J.R. 1514(b), effective 10/7/2019