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Can you summarize WIAC Tax Chapter 61?
Department of Revenue > Retailers
Short Summary
These legal documents, part of the Wisconsin Administrative Code under the Department of Revenue, pertain to the selection, duties, and obligations of retailers selling lottery tickets in Wisconsin. The documents outline the procedure for applying for a lottery retail sales contract, the criteria for selecting retailers, and the appeal procedure if a contract is denied or terminated. They also specify the requirement of a fidelity bond or letter of credit from each retailer, the issuance and requirements of a certificate of authority, and the terms and conditions that must be included in a retailer’s contract. Additionally, the documents explain the retailer performance program, which provides additional compensation to retailers who meet certain performance goals. The documents also cover the enforcement of rules and guidelines against small businesses by the lottery. Overall, these documents provide comprehensive guidelines and regulations for retailers involved in lottery ticket sales in Wisconsin.
Whom does it apply to?
Applicants and retailers interested in selling lottery tickets in Wisconsin, Wisconsin Department of Revenue, Wisconsin Lottery Division, state agencies, local units of government
What does it govern?
Retailers, lottery ticket sales, contract selection and termination, appeal procedures, fidelity bond or letter of credit requirements, certificate of authority, retailer performance program, enforcement of rules and guidelines against small businesses
What are exemptions?
No specific exemptions are mentioned in these documents.
What are the Penalties?
No specific penalties are mentioned in these documents.
Jurisdiction
Wisconsin