Ask Reggi Your Question Now
Can you summarize WARC 82.04.285?
Business and occupation tax. > Tax on contests of chance.
Short Summary
This legal document pertains to the tax on contests of chance in the state of Washington. It applies to persons engaging in the business of operating contests of chance within the state. The tax amount is calculated as a percentage of the gross income derived from contests of chance. An additional tax is imposed on those subject to the tax, with different rates applicable until June 30, 2024, and thereafter. The money collected from the additional tax is deposited into the problem gambling account. The document defines ‘contests of chance’ as any contests, games, gaming schemes, or gaming devices, excluding the state lottery, where the outcome depends on an element of chance. It includes various types of games such as social card games, bingo, raffle, and pull-tabs. However, it does not include certain activities like licensed race meets, amusement games, or activities not regulated by the gambling commission. The gross income of the business does not include certain prize-related expenses. There are no specific penalties mentioned in this document.
Whom does it apply to?
Persons engaging within this state in the business of operating contests of chance
What does it govern?
Tax on contests of chance
What are exemptions?
Businesses operating contests of chance when the gross income from the operation of contests of chance is less than $50,000 per year
What are the Penalties?
No specific penalties mentioned
Jurisdiction
Washington