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Can you summarize GACO 50-27-84?
General Provisions > Limitation on percent of monthly gross retail receipts derived from machines; monthly verified reports; issuance of fine or revocation or suspension of license for violations; submission of electronic reports.
Short Summary
This legal document governs the limitation on the percentage of monthly gross retail receipts that location owners and location operators can derive from Class B machines. According to the document, no location owner or location operator can derive more than 50 percent of their monthly gross retail receipts from such machines, except for revenues due to a master licensee or noncash redemption earned by the player. Additionally, the document limits the number of Class B machines that can be offered to the public in the same business location to nine, with an exemption for amusement or recreational establishments. Location owners and location operators are required to prepare monthly verified reports that include the gross receipts from the Class B machines, gross retail receipts for the business location, and net receipts of the Class B machines. Failure to comply with the provisions of this document may result in fines, refusal to issue or renew a license, or revocation or suspension of a license. The information prescribed in this document must be reported in the form required by the corporation and submitted in an electronic format approved by the corporation. The corporation is authorized to audit records and may contract with state agencies or the Department of Revenue for enforcement purposes.
Whom does it apply to?
Location owners and location operators
What does it govern?
Limitation on percent of monthly gross retail receipts derived from machines
What are exemptions?
Amusement or recreational establishments
What are the Penalties?
Fine, refusal to issue or renew a license, revocation or suspension of a license
Jurisdiction
Georgia