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Can you summarize OHRC Chapter 5753?
Taxation > Casinos and Sports Gaming
Short Summary
These legal documents found in the Ohio Revised Code under the section on Taxation pertain to various aspects of casinos and sports gaming in Ohio. They cover the filing of returns for casinos and sports gaming, assessment and collection of taxes, recordkeeping requirements, application of refunds to debts owed to the state, creation and distribution of funds from the tax levied on casinos and sports gaming facilities, and calculation of student populations and distribution of funds to public school districts. Taxpayers, including casino operators and sports gaming proprietors, are required to file returns electronically with the tax commissioner, reflecting the relevant tax period and including the gross casino revenue or sports gaming receipts for that period. Penalties for non-compliance with tax filing and payment requirements include monetary penalties and potential license suspension. The documents also outline the liability for unpaid taxes, the administration and enforcement of the tax chapter, the assessment and collection of taxes, and the recordkeeping requirements for taxpayers. Additionally, the documents address the application of refunds to debts owed to the state and the distribution of funds from the tax levied on casinos and sports gaming facilities. The specific penalties for non-compliance or violation of the documents’ provisions are not mentioned.
Whom does it apply to?
Taxpayers, including casino operators and sports gaming proprietors
What does it govern?
Filing of returns for casinos and sports gaming, assessment and collection of taxes, recordkeeping requirements, application of refunds to debts owed to the state, creation and distribution of funds from the tax levied on casinos and sports gaming facilities, calculation of student populations and distribution of funds to public school districts
What are exemptions?
No specific exemptions are mentioned.
What are the Penalties?
Penalties for non-compliance with tax filing and payment requirements include a penalty not to exceed the greater of five hundred dollars or ten per cent of the tax due, an additional penalty of up to fifteen per cent of the additional tax if found to be due, an additional penalty of fifty dollars or ten per cent of the tax due for failure to file a return or remit the tax electronically, and potential suspension of the license of a casino operator or sports gaming proprietor by the Ohio casino control commission.
Jurisdiction
Ohio