And who is going to keep track of taxes for state..Another Job Creation here just for Bingo ?
5-414. Fees; tax
The following fees and tax shall be assessed as prescribed in this article for the different license classes:
Local Governing
License Class Body Fee License Fee Bingo Tax
A $ 5.00 $ 10.00 2.5% of adjusted gross receipts
B 25.00 50.00 1.5% of gross receipts
C 50.00 200.00 2.0% of gross receipts
Chapter 4 GAMES OF BINGO
Article 1 General Provisions
5-401 Definitions
5-402 Licensing authority; powers; duties
5-403 Qualification for license; renewal; transfer
5-403.01 License location transfers
5-404 Application for license
5-405 Form of license; display
5-406 Persons permitted to conduct games; premises; equipment; expenses; compensation
5-407 Statement of receipts; expenses; penalty
5-408 Examination of books and records
5-409 Forfeiture of license; ineligibility to apply for license; classification
5-410 Violation; classification
5-411 Credentials and authority of employees of the licensing authority
5-412 Preemption by state of bingo taxation
5-413 License classification; requirements
5-414 Fees; tax
5-415 Excessive gross receipts; change of license class
Bingo Structure The tax on state licensed bingo operations is based on a multi tiered licensing structure. There are three classes of bingo licenses, each of which has a different tax rate.
Each licensee's tax rate is based on bingo receipts. Class A licensees generally obtain a license for recreational and social purposes, returning all gross receipts to the players in prizes.
Class A licensees cannot exceed $15,600 per year in gross receipts and they are taxed at 2.5 percent of their adjusted gross receipts. That is the amount left, if any, after paying prizes.
Class B and Class C licensees are dedicated to raising funds for their sponsoring charitable organizations. They are taxed on their gross receipts, not their adjusted gross receipts. Class B licensees, whose gross receipts do not exceed $300,000, are taxed at 1.5 percent. Class C licensees, whose gross receipts exceed $300,000 per year, are taxed at 2 percent of their gross receipts.
All taxes collected from bingo licensees are deposited into the state general fund. The Bingo Section office can be reached at: Arizona Department of Revenue Bingo Section 1600 W. Monroe Phoenix, Arizona 85007 Phone: (602) 716-7801 FAX: (602) 364-0086
