90A.9 WRITTEN REPORT FILED -- TAX DUE -- PENALTY.
1. The promoter of a professional boxing or wrestling match or
event shall, within twenty days after the match or event, furnish to
the commissioner a written report stating the number of tickets sold,
the gross amount of admission proceeds of the professional boxing or
wrestling match, and other matters the commissioner may prescribe by
rule. The value of complimentary tickets in excess of five percent
of the number of tickets sold shall be included in the gross
admission receipts. Within twenty days of the match or event, the
promoter shall pay to the treasurer of state a tax of five percent of
its total gross admission receipts, after deducting state sales tax,
from the sale of tickets of admission to the professional boxing or
wrestling match or event.
2. If the promoter fails to make a timely report within the time
prescribed, or if the report is unsatisfactory to the commissioner,
the commissioner may examine or cause to be examined the books and
records of the promoter, and subpoena and examine under oath
witnesses, for the purpose of determining the total amount of the
gross admission receipts for any match and the amount of tax due
pursuant to the provisions of this chapter. The commissioner may, as
the result of such examination, fix and determine the tax, and may
also assess the promoter the reasonable cost of conducting the
examination. If a promoter defaults in the payment of any tax due or
the costs incurred in making such examination, the promoter shall
forfeit to the state the sum of five thousand dollars, which may be
recovered by the attorney general pursuant to the bond required under
section 90A.2, subsection 3.
Section History: Early Form
[C71, 73, 75, 77, § 727A.9; C79, 81, § 99C.9]
Section History: Recent Form
86 Acts, ch 1245, § 944
C87, § 90A.9
97 Acts, ch 29, § 9
Referred to in § 90A.6, 90A.10, 90A.11
90A.9 WRITTEN REPORT FILED -- TAX DUE -- PENALTY.
1. The promoter of a professional boxing or wrestling match or
event shall, within twenty days after the match or event, furnish to
the commissioner a written report stating the number of tickets sold,
the gross amount of admission proceeds of the professional boxing or
wrestling match, and other matters the commissioner may prescribe by
rule. The value of complimentary tickets in excess of five percent
of the number of tickets sold shall be included in the gross
admission receipts. Within twenty days of the match or event, the
promoter shall pay to the treasurer of state a tax of five percent of
its total gross admission receipts, after deducting state sales tax,
from the sale of tickets of admission to the professional boxing or
wrestling match or event.
2. If the promoter fails to make a timely report within the time
prescribed, or if the report is unsatisfactory to the commissioner,
the commissioner may examine or cause to be examined the books and
records of the promoter, and subpoena and examine under oath
witnesses, for the purpose of determining the total amount of the
gross admission receipts for any match and the amount of tax due
pursuant to the provisions of this chapter. The commissioner may, as
the result of such examination, fix and determine the tax, and may
also assess the promoter the reasonable cost of conducting the
examination. If a promoter defaults in the payment of any tax due or
the costs incurred in making such examination, the promoter shall
forfeit to the state the sum of five thousand dollars, which may be
recovered by the attorney general pursuant to the bond required under
section 90A.2, subsection 3.
Section History: Early Form
[C71, 73, 75, 77, § 727A.9; C79, 81, § 99C.9]
Section History: Recent Form
86 Acts, ch 1245, § 944
C87, § 90A.9
97 Acts, ch 29, § 9
Referred to in § 90A.6, 90A.10, 90A.11
90A.9 WRITTEN REPORT FILED -- TAX DUE -- PENALTY.
1. The promoter of a professional boxing or wrestling match or
event shall, within twenty days after the match or event, furnish to
the commissioner a written report stating the number of tickets sold,
the gross amount of admission proceeds of the professional boxing or
wrestling match, and other matters the commissioner may prescribe by
rule. The value of complimentary tickets in excess of five percent
of the number of tickets sold shall be included in the gross
admission receipts. Within twenty days of the match or event, the
promoter shall pay to the treasurer of state a tax of five percent of
its total gross admission receipts, after deducting state sales tax,
from the sale of tickets of admission to the professional boxing or
wrestling match or event.
2. If the promoter fails to make a timely report within the time
prescribed, or if the report is unsatisfactory to the commissioner,
the commissioner may examine or cause to be examined the books and
records of the promoter, and subpoena and examine under oath
witnesses, for the purpose of determining the total amount of the
gross admission receipts for any match and the amount of tax due
pursuant to the provisions of this chapter. The commissioner may, as
the result of such examination, fix and determine the tax, and may
also assess the promoter the reasonable cost of conducting the
examination. If a promoter defaults in the payment of any tax due or
the costs incurred in making such examination, the promoter shall
forfeit to the state the sum of five thousand dollars, which may be
recovered by the attorney general pursuant to the bond required under
section 90A.2, subsection 3.
Section History: Early Form
[C71, 73, 75, 77, § 727A.9; C79, 81, § 99C.9]
Section History: Recent Form
86 Acts, ch 1245, § 944
C87, § 90A.9
97 Acts, ch 29, § 9
Referred to in § 90A.6, 90A.10, 90A.11
