LD 1370, Page 17 - 121th Legislature, FIRST REGULAR Session

adjusted to the equivalent.__For purposes of this subsection,

the term "gross revenues" means the total sum wagered less

amounts paid out as prizes.__Such fee is payable on or before

the 15th day of each month.__On each such day other than July

15th, the fee is 25% of the gross revenues of the tribal gaming

operator from the operation of video facsimiles during the

portion of the fiscal year of the State concluding on the last

day of the preceding calendar month.__On July 15th of each year,

the fee is 25% of the gross revenues of the tribal gaming

operator from the operation of video facsimiles during the

preceding fiscal year of the State.__In either case, the

cumulative amount of such fee paid by the tribal gaming operator

prior to such date with respect to the operation of video

facsimiles during the applicable fiscal year of the State must

be deducted from the fee due on the 15th day of each month.__The

tribal gaming operator shall provide the State with detailed

reporting of the gross revenues of video facsimile devices and

the determination of the fee under this subsection, which is

subject to audit by the State in accordance with this

subchapter.__In the event that the Tribes or the tribal gaming

operator is subject to taxation of the State referred to in

subsection 2, except for sales and use, liquor and tobacco

taxes, they are entitled to a credit against such taxes for each

year in an amount equal to the fee paid under this subsection

with respect to such year; provided that such credit does not

apply with respect to property taxes described in subsection 1.

4.__Use of revenue.__The amounts paid to the State pursuant
to subsection 3 must be deposited by the State Treasurer and
allocated as follows:

A.__A portion of amounts paid to the State pursuant to
subsection 3 must be allocated by the State in each year
to pay for mitigation of costs resulting from gaming
operations conducted pursuant to this subchapter; and

B.__Of the amounts paid to the State pursuant to
subsection 3 that are not allocated pursuant to paragraph
A:

(1)__Fifty percent must be allocated each year to
supplement, not supplant, the statutorily required
deposits to be made to the Local Government Fund
established under Title 30-A, section 5681 to be used
for residential property tax relief;

(2)__Forty percent must be allocated in each year to
supplement, not supplant, the state appropriation for
the program cost portion of general purpose aid to
local schools;

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