SUMMARY--Repeals fee charged to disseminator of information concerning racing. (BDR 41-1507)
FISCAL NOTE: Effect on Local Government: No.
Effect on the State or on Industrial Insurance: Yes.
EXPLANATION - Matter in italics is new; matter in brackets [ ] is material to be omitted.
AN ACT relating to gaming; repealing the fee charged to a disseminator of information concerning racing; and providing other matters properly relating thereto.
THE PEOPLE OF THE STATE OF NEVADA, REPRESENTED IN SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS:
Section 1 NRS 463.450 is hereby repealed.
Sec. 2. This act becomes effective upon passage and approval.
TEXT OF REPEALED SECTION
463.450Fees: Collection; overpayment or underpayment; deposit to credit of state general fund.
1. Any disseminator of such information obtaining a license under NRS 463.430 to 463.480, inclusive, shall pay to the commission a fee of $10 per day for each day for each race book to which the supplier or disseminator furnishes such information in this state.
2. The commission shall collect the fee on or before the 10th day of each month for the preceding calendar month.
3. If the amount of the fee required by this section to be reported and paid is determined to be different than the amount reported or paid by the licensee, the commission shall:
(a) Charge and collect any additional fee determined to be due, with interest thereon until paid; or
(b) Refund any overpaid fees to the person entitled thereto pursuant to this chapter, with interest thereon.
Interest is computed at the rate prescribed in NRS 17.130 from the first day of the first month following either the due date of the additional license fees or the date of overpayment until paid.
4. The commission shall remit all fees collected, less any fees refunded pursuant to subsection 3, to the state treasurer for deposit to the credit of the state general fund.